The long-term battle on trade between the U.S. and China shows no sign of ending as a war of words ensued this week between the two. First, U.S. Trade Representative Robert Lighthizer called China an “unprecedented” threat, because of the “sheer scale of their coordinated efforts to develop their economy, to subsidize, to create national […]

Regulators are scrutinizing the new red-hot fundraising trend in which start-ups and blockchain companies bring in millions of dollars by issuing virtual tokens to investors in exchange for money. But one Japanese billionaire investor thinks that, with time, the so-called initial coin offerings (ICOs) will become one of the “greatest major methods” for start-ups to […]

The ultra-wealthy are allocating more of their money to equities and less to hedge funds and real estate this year, a survey of family offices published on Wednesday found. Equities accounted for 27.1 percent of the average family office portfolio, the survey from UBS Wealth Management and Campden Research said. Equities allocation rose about 1.6 […]

Troubled Japanese conglomerate Toshiba has selected a group comprising Bain Capital and South Korea chipmaker SK Hynix to buy its prized memory business, according to Reuters, citing sources. The move came after Toshiba and Western Digital failed at the last minute to agree on limits to the latter’s future stake in the chip business, Reuters […]

London-based financial tech firm TransferWise’s new “borderless account” allows users to hold money in multiple currencies, and that could help businesses conduct their activities much more efficiently, according to the start-up’s CEO. “In addition to keeping a balance, which you can do in 27 currencies, you will also get local account numbers in U.S., in […]

A technical glitch caused Amazon.com to email some of its customers erroneously that they had received a gift, the company said on Tuesday. The email displayed an image of a crawling infant and told shoppers they had received a present from their baby registry. A number of recipients, however, reported on social media that they […]

President Donald Trump said he was “sorry” about an incident where Turkish security personnel attacked protesters in Washington D.C., according to an account from Turkish President Recep Tayyip Erdogan. In an interview with PBS NewsHour released Tuesday, the Turkish head of state said Trump expressed regret about the matter during a phone conversation. “President Trump […]

U.S. stocks edged slightly higher and the dollar slid as the U.S. Federal Reserve began its two-day meeting Tuesday. The Fed is expected to keep interest rates steady when it announces its rates decision Wednesday U.S. time. Investors, however, awaited details on how the central bank will unwind its $4.5 trillion balance sheet. Also in […]

North Korea sent an unspoken message to the U.S. ahead of President Donald Trump’s speech at the U.N. General Assembly on Tuesday. Its ambassador to the United Nations, Ja Song Nam, left the room before Trump arrived to speak. The North Korean mission to the U.N. told NBC it “boycotted” the speech, saying it left […]

Chinese President Xi Jinping and U.S. President Donald Trump spoke about keeping pressure on North Korea with economic sanctions imposed through the United Nations, the White House said in a statement on Monday. The United States and South Korea and separately Russia together with China, carried out military drills in a show of force against […]