The dollar tumbled in recent days, but analysts weren’t pointing to weaker-than-expected U.S. inflation data on Friday. Instead, they fingered a “Trump discount” as market-positive aspects of the administration’s agenda appeared to be missing in action. Richard Clarida, global strategic adviser at Pimco, the bond giant with around $1.6 trillion under management, told CNBC that […]
Read moreIt’s that time again: China’s second-quarter GDP growth beat analyst expectations on Monday, but markets stayed in the red, with little sign of strength even after the numbers surprised. Mainland markets traded in negative territory for the first half of the day, with the Shanghai Composite down almost 2.5 percent at one point and the […]
Read moreIBM has launched a new mainframe system capable of running more than 12 billion encrypted transactions per day, in a bid to wade further into the financial cybersecurity market. The mainframe, called IBM Z, seeks to address cyberattacks which have compromised financial data. It also aims to help firms automate financial regulatory compliance, in line […]
Read moreGeorge A. Romero, creator of the zombie film genre with “Night of the Living Dead” and a series of sequels that left a lasting impact on horror movies, died of lung cancer in a Toronto hospital on Sunday, his business partner said. He was 77. Romero wrote and directed the 1968 classic, in which the […]
Read moreWinnie the Pooh has been blacked out from Chinese social media in the lead-up to the country’s 19th Communist Party Congress this fall, the Financial Times reported Sunday. No official explanation was given, but the FT cited observers who said the crackdown may be related to past comparisons of the physical appearance of President Xi […]
Read moreThe United Arab Emirates orchestrated the hacking of a Qatari government news site in May, planting a false story that was used as a pretext for the current crisis between Qatar and several Arab countries, according to a Sunday report by The Washington Post. The Emirati Embassy in Washington released a statement in response calling […]
Read moreThe Australian government is seeking to broaden the powers of the country’s prudential regulator to include non-bank lenders as concerns about financial stability take center stage amid bubble risks in the nation’s sizzling property market. A draft legislation released by the government on Monday, if passed, will help the Australian Prudential Regulatory Authority (APRA) dial […]
Read moreWhat looked like a robust picture for corporate profits got a little less buoyant last week when big banks turned in reports that left the market disappointed. But even as financial stocks took a tip at week’s end, it really didn’t matter: The Dow still gained more than 1 percent for the week as it […]
Read moreChina reported second quarter growth data Monday that topped expectations. The country said its second-quarter GDP growth was 6.9 percent against the prior year, and that comes as investors watch the world’s second-largest economy for any signs of slowdown amid concerns over high debt levels. Economists polled by Reuters on average had expected 6.8 percent […]
Read moreSingapore’s annual non-oil domestic exports (NODX) grew for the first time in two months in June, thanks to an extended uptick in electronics sales on the back of improving global demand. Exports rose a higher-than-expected at 8.2 percent in June from a year earlier, data from trade agency International Enterprise Singapore (IE Singapore) showed on […]
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