The overnight trading session was relatively quiet, with U.S. markets closed for the Thanksgiving holiday on Thursday. In Asia, futures pointed to a lower start for Japanese markets while investors are likely to keep an eye on Chinese markets after equities took a tumble in the last session. On the data front, the European composite […]
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Officially, North Korea’s top exports are coal and textiles, but its business dealings go beyond those products, extending to arms sales and exported labor. The United Nations estimates that more than 50,000 North Korean workers are employed in foreign countries, mostly in China and Russia, but also in countries like Malaysia, Qatar, Ethiopia and Poland. […]
Read moreApple supplier Foxconn has stopped students from working illegal overtime at a factory in China. It comes after the Financial Times reported Tuesday that six high school students in Henan province would work 11-hour shifts to manufacture Apple’s iPhone X. The long hours breached Chinese laws which aim to prevent children from working more than […]
Read moreChinese equities saw heavy losses Thursday following new liquidity rules in the country and as global investors opted for safe-haven assets like sovereign bonds. The Shenzhen composite closed down 2.9 percent and the tech-heavy Chinext composite lost 2.77 percent. The Shanghai composite dropped 2.2 percent with the technology, consumer non-cyclical and health-care sectors recording the […]
Read moreSouth Korea is considering scrapping a regular military exercise with U.S. forces next year to minimize the risk of an aggressive North Korean reaction during the Winter Olympics in the South, the Yonhap news agency reported on Thursday. North Korea denounces regular military exercises between South Korean and U.S. forces as preparations to invade it, […]
Read moreSingapore’s economy grew much faster than initially estimated in the third quarter, and blew past analysts’ expectations, buoyed by strength in manufacturing activity. The economy grew 8.8 percent in July-September from the previous quarter on an annualised and seasonally adjusted basis, the Ministry of Trade and Industry (MTI) said in a statement onThursday. The government’s […]
Read moreThe world’s second-largest economy raised its hand this week to help halt the ongoing ethnic cleansing in Myanmar. But it’s not just altruism: China has an eye on ensuring stability for its hefty investments in the region. In the wake of rising brutality against Rohingya Muslims, an ethnic minority in Buddhist-majority Myanmar, China proposed a […]
Read moreU.S. stocks closed narrowly mixed in the lead up to Thanksgiving as investors parsed through minutes from the U.S. central bank. Minutes from the Federal Reserve released on Wednesday showed policymakers were largely positive about the economy, even though some officials had concerns about inflation. When it came to market conditions, several Fed members were […]
Read moreThe 2017 global stock market rally is showing signs of fatigue and a 10 percent correction in U.S. equities looks imminent, experts are predicting. Conflict in the Korean Peninsula or a Middle East oil crisis are emerging as the main low-probability but potentially high-impact market events. A central bank policy error or the failure of […]
Read moreChina took steps to rein in the rapidly growing and lightly regulated market for online micro-lenders in the government’s latest crackdown on internet finance, sending shares of U.S.-listed Chinese financial firms into a tailspin. A top-level Chinese government body issued an urgent notice on Tuesday to provincial governments urging them to suspend regulatory approval for […]
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