China announced its new leadership lineup on Wednesday with President Xi Jinping still at the helm of the Chinese Communist Party. Although it’s a team in name, the Chinese president is now more powerful than he’s ever been. In the wake of the last week’s Communist Party congress, Xi now stands as China’s most powerful […]
Read moreThe tropical island-nation of Singapore now boasts the world’s strongest passport, according to a new ranking. It’s the first time an Asian country has topped the list. Citizens of the Southeast Asian financial hub are able to enter the higher number of countries visa-free or with a visa on arrival, making Singapore’s passport the most […]
Read moreCuban officials investigating U.S. complaints of attacks on diplomats in Havana said talk of acoustic strikes was “science fiction” and they accused Washington of “slander” while refusing to cooperate fully with Cuba’s enquiry. President Donald Trump said last week that he believed Havana was responsible for 24 diplomats being harmed. Earlier in October, Washington expelled […]
Read moreThe Trump administration will temporarily delay processing of most refugees from 11 countries identified as high-risk, while resuming refugee admissions for other countries, government officials said on Tuesday. Most of the affected countries are in the Middle East and Africa, according to documents seen by Reuters. The administration also will place on hold a program […]
Read moreThe world’s top 10 fastest growing tourism cities are all in Asia, according to new data from the World Travel and Tourism Council. The Council’s latest “City Travel and Tourism Impact” report shows that Asian cities will be at the forefront of tourism growth over the next decade, and that’s especially true for those in […]
Read moreBoth of these things are true: Donald Trump is president. U.S. stocks are at a record. While Trump frequently claims that the former caused the latter, the technology industry might beg to differ. Tech giants Apple, Alphabet, Microsoft, Facebook and Amazon are the five top contributors to the S&P 500’s advance this year, accounting for […]
Read moreU.S. stocks gained and the dollar edged up ahead of Asia’s Wednesday trading day as investors awaited the unveiling of China’s new leadership line-up. Tax reform was in focus stateside following news that House Republicans would introduce a tax bill on Nov. 1. The plan’s release will follow an expected House vote on a budget […]
Read moreChan has accomplished the rapid expansion with the help of Hersing Culinary, a Singapore-based company that also owns the rights to Hong Kong’s Michelin-starred dimsum eatery, Tim Ho Wan. The Hong Kong eatery’s expansion demonstrates the marketing power of the Michelin rating. It has been enormously successful, expanding to more than 40 stores worldwide. It […]
Read moreAs Dow components 3M and Caterpillar brought the average to a record high on Tuesday, CNBC’s Jim Cramer explained why the stock market has been experiencing so many rotations. “This market’s all about rotations and it’s been all about rotations for ages,” the “Mad Money” host said. “There’s just not enough new money coming into […]
Read moreAswath Damodaran, a professor of corporate finance and valuation at New York University’s Stern School of Business, shared his view on bitcoin’s price in an interview with CNBC’s “Fast Money” Tuesday. Damodaran said he would be “OK” with bitcoin‘s massive price gains if the digital currency was usable for daily buying and selling of goods. […]
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