European markets are expected to start off slightly higher on Tuesday morning, as investors gear up for the latest in political news coming out of the euro zone. The U.K.’s FTSE 100 is expected to open 7 points higher at 7,534, while the German DAX is set to start on a positive note, up 6 […]
Read moreNorth Korea is so weak its economy might not last long under tough United Nations sanctions, a high-ranking defector said Monday in his first public speaking engagement in the U.S. The former insider’s view of dictator Kim Jong Un’s oppressive regime comes just as North Korea’s deputy U.N. ambassador stepped up the tough talk. “Nuclear […]
Read moreA spokesman for China’s ruling Communist Party on Tuesday promised Beijing will open its markets further and tried to reassure foreign companies amid mounting U.S. and European trade complaints. Speaking at the start of a key political meeting, Tuo Zhen said the party will “expand our opening” and repeated official promises to protect the “legitimate […]
Read morePresident Donald Trump’s apparent willingness to exit an agreement with Iran could undermine any hope of negotiations with another adversary: North Korea. The credibility of Washington’s international commitments is now at stake, and mixed messages coming out of the White House are only exacerbating the situation. Trump last week refused to formally certify that Tehran […]
Read moreSoftBank — the Japanese conglomerate that is already upending Silicon Valley finance with its existing $93 billion Vision Fund — is in early planning discussions to raise a second and possibly larger fund, multiple sources tell Recode. SoftBank CEO Masayoshi Son wants to raise a supplemental technology investing pool that would compliment the massive Vision […]
Read moreChina and emerging markets must stay 'vigilant' to possible risks, says IMF deputy managing director
As the International Monetary Fund’s annual meeting drew to a close over the weekend, Tao Zhang, the deputy managing director of the fund, outlined his view on the global economy in his first interview with an international media organization since joining the IMF from the People’s Bank of China. Zhang joined the IMF in 2016, […]
Read moreNorth Korea’s deputy U.N. ambassador warned Monday that the situation on the Korean Peninsula “has reached the touch-and-go point and a nuclear war may break out any moment.” Kim In Ryong told the U.N. General Assembly’s disarmament committee that North Korea is the only country in the world that has been subjected to “such an […]
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