Even as technology gets dragged into the growing trade tensions between China and the U.S., stocks in the sector continue to rally to record highs. Earlier this month, President Donald Trump announced plans to slap a 25 percent tariff on up to $50 billion of Chinese goods, including technology related to semiconductors. There is also […]
Read moreCritics of the Trump tax cuts repeatedly cited stock buybacks in arguments that corporations would spend any savings from the legislation to enrich shareholders rather than increase pay to employees. But the latest CNBC Global CFO Council survey found most chief financial officers saying their companies would be buying back stock with or without tax […]
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Greece awaits debt relief measures after nearly a decade of austerity
The Greek government is hoping to secure one its most important campaign pledges this Thursday – a deal to make its huge debt pile more sustainable – after years of austerity and bailout programs. Euro zone finance ministers are gathering in Luxembourg Thursday to prepare the end of the third financial rescue deal to Greece, […]
Read moreThe Bank of England may lay some groundwork on Thursday for an August interest rate rise, if it judges the economy is now turning a corner after an unusually weak start to the year. No economists polled by Reuters expect the BoE to raise rates when it announces its June policy decision at 1100 GMT, […]
Read moreThe Swiss National Bank maintained its ultra loose monetary policy on Thursday, citing the “fragile” exchange rate situation. The SNB kept its target range for the three-month London Interbank Offered Rate (LIBOR) at -1.25 to -0.25 percent, as unanimously forecast in a Reuters poll of economists. The central bank also held the negative interest rate […]
Read moreLawmakers have urged Alphabet’s Google to reconsider its ties with Chinese technology giant Huawei because it “could pose a serious risk to U.S. national security” and American consumers. In a letter to the search giant’s CEO Sundar Pichai on Wednesday, both Republican and Democrat lawmakers said they were concerned about Google’s “strategic partnership” with Huawei. […]
Read moreWhatever the potential outcome, President Donald Trump’s summit with North Korean leader Kim Jong Un in Singapore last week was historic, marking the first-ever meeting between a sitting U.S. president and a head of state of the rogue Asian nation. And while the perspectives of South Koreans, the Chinese, the Japanese and even the Russians […]
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European stocks seen higher ahead of OPEC meeting, BOE to announce rate decision
European markets are set to open higher Thursday morning amid growing tensions in the oil market ahead of an OPEC meeting that could expand crude production. The FTSE 100 is seen 23 points higher at 7,659; the CAC is expected to open up around 12 points at 5,390 while the DAX is poised to start […]
Read moreChina’s commerce ministry on Thursday accused the United States of being “capricious” over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt by Washington’s penchant for brandishing “big sticks.” Previous trade negotiations with the United States had been constructive, but because the U.S. government is being unpredictable […]
Read moreChinese smartphone maker Xiaomi has lined up $548 million from seven cornerstone investors including U.S. chipmaker Qualcomm for its Hong Kong IPO of up to $6.1 billion, according to a term sheet seen by Reuters. Xiaomi, which also makes internet-connected devices, has set a price range of HK$17 to HK$22 ($2.17 to $2.80) each for […]
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