European markets are expected to open mixed on Monday morning, as Spain’s constitutional crisis continued to aggravate investors’ concerns about political unity in the region. Looking to the major bourses, the U.K.’s FTSE 100 is expected to open 3 points higher at 7,519, while the German DAX is set to start on a positive note, […]
Read moreThe presidents of Italy’s wealthy northern regions of Veneto and Lombardy on Sunday claimed victory in autonomy referendums that seek to grab additional powers and tax revenue from Rome, riding a global tide of self-determination that has swamped Spain’s Catalonia region. The votes were nonbinding, but the leaders of the neighboring regions hope to leverage […]
Read moreDutch health technology company Philips said on Monday its core profits in the third quarter rose 12 percent to 532 million euros ($626.11 million), as strong growth in China pushed sales up 4 percent. Analysts polled for Reuters predicted adjusted earnings before interest, taxes and amortisation (EBITA) of 533 million euros, with a comparable sales […]
Read moreSpotify could be valued at $20 billion when it goes public and eventually be worth $100 billion, according to one investment bank. GP Bullhound, which advised Spotify for a number of years on fundraising, laid out a thesis on Monday that could see Spotify’s valuation rise to $55 billion by 2020, before reaching the $100 […]
Read moreChina’s escalating property prices have long been a concern for Beijing as it balances growth targets with social stability. Now, economic signals are giving the go-ahead to authorities for sustained efforts to cool off the real estate market. On Monday, China’s National Bureau of Statistics reported average new home prices in the country’s 70 major […]
Read moreJapanese Prime Minister Shinzo Abe won a key parliamentary election despite broad unpopularity among voters. But the electoral triumph isn’t expected to boost his ratings. A lack of a strong opposition helped his ruling coalition government, led by the conservative Liberal Democratic Party, retain its super majority in the lower house of parliament on Sunday. […]
Read moreGovernments are working to slow the movement of Chinese money into Australian assets. Australia has lowered incentives for foreign buyers, and the state of New South Wales doubled taxes on foreign buyers to 8 percent of the purchase price. For its part, China’s government has recently implemented restrictions on the outflow of cash from the […]
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