The United Nations Security Council is meeting later on Monday to vote on new sanctions on North Korea, but whether China and Russia will support an oil embargo remains in question, said experts. The U.S. wants the Security Council to impose an oil embargo on the reclusive nation, halt its key export of textiles and […]
Read moreApple is expected to launch not one or two, but three new iPhones at its highly anticipated launch event on Sept. 12 to mark ten years since it introduced the first iPhone in 2007. Ahead of the launch, leaks suggest that the newest iteration of Apple’s most popular product will be called the iPhone X, […]
Read moreCurrency, United States Finance
What to expect ahead of the Bank of England’s September policy meeting
The Bank of England is expected to hold interest rates steady and make no changes to its asset purchasing program when it gathers Thursday for its September Monetary Policy Committee meeting. The central bank is set to keep interest rates at a record low of 0.25 percent and maintain its quantitative easing (QE) program at […]
Read moreFallen Chinese tech unicorn Xiaomi is finally seeing a turnaround in its fortunes following a surge in mobile phone shipments, the Financial Times reported Monday. The firm regained a place among the top-five global smartphone manufacturers after sales in the second quarter soared 59 percent year-on-year to hit 21 million, the report said, citing market […]
Read moreHow does a business full of brilliant engineers sell products in a human rather than a geeky way, in a manner that appeals to your average Joe but doesn’t alienate hard-core fans? It’s a problem that many technology companies face. At Chinese business Lenovo, the company has relied on the steadiness of its computers to […]
Read moreEconomic disruptions caused by a back-to-back pummeling from hurricanes in the United States may just seal the deal for the Federal Reserve to hold interest rates intact for the rest of this year, experts told CNBC on Monday. Hurricane Irma is still making its way up Florida’s coast, but Goldman Sachs and Bank of America-Merrill […]
Read moreChina is starting to roll back measures meant to prop up its currency after a recent surge in the yuan erased all of last year’s losses. Starting today, the central bank has scrapped a reserve requirement rule on trades called currency forwards, making it cheaper for investors to buy dollars while selling the yuan. Banks […]
Read moreSouth Korea has gaps in its countermeasures against North Korean missiles — with or without America’s state-of-the-art defense system in place. South Korea and the United States had to overcome political resistance from locals and diplomatic and economic pushback from China in order to get the anti-missile system known as THAAD deployed in South Korea. […]
Read moreMyanmar finds itself increasingly isolated diplomatically as violence against the country’s Muslim minority Rohingya spurs a humanitarian crisis, but an analyst said the country has found one prominent ally: India. Over the weekend, the United Nations appealed for aid as the number of Rohingya fleeing into southern Bangladesh neared 300,000 after the upsurge of violence […]
Read moreDisaster relief for the victims of Hurricanes Irma and Harvey isn’t just about immediate necessities like food, clean water and shelter. It could also come wrapped up in the tax code. Texas Republican Rep. Kevin Brady, head of the House Ways and Means Committee, is floating several proposals intended to provide relief for those suffering […]
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