The potential constitutional crisis facing Madrid has not gone away and could reach a decisive point this week, despite a mass protest in favor of a united Spain on Sunday. Hundreds of thousands of people took to the streets in Catalonia Sunday to call for unity, voicing their opposition to last week’s non-binding and illegal […]
Read moreMajor European bourses are expected to open higher Monday morning, with investors watching political instability in Spain and a meeting of European finance ministers in Luxembourg. The U.K.’s FTSE is expected to start the day 2 points higher at 7,525, while the French CAC is seen up 14 points at 5,374. The German DAX is […]
Read moreVertex Ventures, the venture capital arm of Singapore state investor Temasek Holdings, said it has raised a $210 million fund to invest in Southeast Asian and Indian startups, exceeding its original target size of $150 million. Vertex plans to continue its strategy of investing in early-stage technology companies in Southeast Asia and India across enterprise […]
Read moreFaced with international sanctions and the potential threat of armed confrontation with the U.S., North Korean dictator Kim Jong Un consolidated power over the weekend by elevating his younger sister to a top political post. On Saturday, Kim used a meeting of the ruling Workers’ Party’s key policy-making body, known as the Central Committee, to […]
Read moreThe harvest moon has passed. No, it’s not that big orange-like thing that usually passes through the sky in late-fall, but rather the first full moon after the first day of fall. This year, it happened in October (last Thursday to be exact) which is the first time that’s happened in eight years. Usually, it […]
Read moreMaking a return at Wal-Mart used to take roughly five minutes. But the discount retailer is on a mission to slash that to 30 seconds, said Daniel Eckert, senior vice president of Wal-Mart Services and Digital Acceleration. The company will take its first step in early November – when it rolls out Wal-Mart’s Mobile Express […]
Read moreBusiness activity in China’s services sector grew at its slowest pace in 21 months in September as the pace of new business cooled, a private survey showed. The survey was in sharp contrast to an official gauge of the non-manufacturing sector that showed the services sector expanded at the fastest clip since 2014 in September, […]
Read moreThe Turkish lira dropped sharply on Monday after the U.S. Embassy in Ankara announced a suspension of visa services — a move Turkey quickly matched. The dollar fetched as much as 3.7694 lira on Monday during Asian trade, compared with around 3.616 lira on Friday — a move of over 4 percent. That’s not too […]
Read moreAsia markets edged up early on Monday as investors in Asia awaited the release of China Caixin services PMI. The S&P/ASX 200 rose 0.71 percent on broad-based gains across its sub-indexes. Major miners and gold stocks made significant gains: Rio Tinto was up 1.55 percent and Alacer Gold rose 3.14 percent. The energy sub-index underperformed […]
Read moreCurrency, United States Finance
Theresa May to tell lawmakers she's offering Europe a 'deep and special' partnership with Britain
Prime Minister Theresa May, weakened by a disastrous party conference, will give British lawmakers a bullish prognosis for negotiations over exit from the European Union on Monday, but tell them that it is up to Brussels to make the next move. May has seen her authority erode since calling and then bungling an election in […]
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