Japanese Prime Minister Shinzo Abe said on Monday he will work to regain public trust after his party suffered an historic defeat in an election in the nation’s capital, signalling trouble for the premier amid tumbling support rates. The dismal showing for Abe’s Liberal Democratic Party (LDP) in Sunday’s Tokyo Metropolitan assembly election was a […]
Read moreThe Caixin China manufacturing purchasing manufacturers’ index (PMI) for June beat expectations, offering another signal that the world’s second-largest economy continues to defy expectations for a slowdown. The private survey came in at 50.4, marking a three-month high. It was up from May’s 49.6, which was an 11-month low, and beat a Reuters poll forecast […]
Read moreThe first half of the year has flown by and stocks certainly have a lot to show for it. The S&P 500 and the Dow Jones industrial average notched their biggest first-half gains since 2013. The tech-heavy Nasdaq composite, meanwhile, left them in the dust, surging 14.2 percent to post its best start to a […]
Read moreMike Tuchen is best when he’s feeling down. Halfway through a project he kicks his efforts into overdrive, just when others might start to relax. Tuchen is the CEO of Talend, a company with a billion-dollar market value. It helps customers take advantage of their data, and apply it effectively. Yet before kicking off a […]
Read moreEight people were wounded in a shooting in front of a mosque in the southern French city of Avignon in an incident police consider to be a settling of scores rather than a militant attack, a source close to the investigation said on Monday. Two of the eight wounded were hospitalized after the incident, according […]
Read moreJapan’s Tankan report showed the Big Manufacturers Index for June came in higher than expected at +17, compared with a Reuters poll forecast for +15. The dollar/yen spiked as high as 112.38 after the data, before retreating to 112.27 at 8:26 a.m. HK/SIN. It was at 112.26 just before the release. The Big Manufacturers Index […]
Read moreAustralia‘s oldest newspaper publisher Fairfax Media on Monday said it had ceased discussions with two U.S private equity suitors, after neither lodged a binding offer for the company. The publisher last month fielded bids worth as much as A$2.87 billion ($2.2 billion) from TPG Capital Management LP and Hellman & Friedman, and both firms were […]
Read moreHigh-profile investor Dave McClure’s role has been diminished at 500 Startups, the investment company he co-founded and had been running. “In recent months, we found out that my co-founder Dave McClure had inappropriate interactions with women in the tech community. His behavior was unacceptable and not reflective of 500’s culture and values. I sincerely apologize […]
Read moreKanye West has departed Jay-Z’s streaming service Tidal amid a financial feud, according to celebrity website TMZ. Jay-Z, also known as Shawn Carter, just used Tidal—which he started with much fanfare with other A-list musicians —to promote his widely praised new album, “4:44.” West, however, has made his displeasure with the service known for at […]
Read moreA painful correction is coming and there’s little that can be done to prevent it, according to former Republican congressman and libertarian firebrand Ron Paul. Speaking to CNBC last week, the former GOP presidential contender argued the economy is not as strong as Wall Street consensus believes, and the situation could turn ugly as soon […]
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