A Vietnamese tycoon detained in Singapore last week remains in the city-state, one of his lawyers said on Wednesday, easing his family’s immediate fears that he could face the death penalty if he were sent back home. Phan Van Anh Vu, 42, a property developer and former secret service officer who media say is wanted […]
Read moreNorth Korea announced Wednesday that it will reopen a cross-border communication channel with South Korea, officials in Seoul said, another sign of easing animosity between the rivals after a year that saw the North conduct nuclear bomb and missile tests and both the Koreas and Washington issue threats of war. The announcement, which came on […]
Read moreA conflict on the Korean Peninsula could disrupt global businesses, making it “the greatest geopolitical threat to credit quality in Asia,” according to Moody’s Investors Service. Such a scenario remains a “low-probability event,” Moody’s stated in a new report Wednesday following fresh bellicose rhetoric from North Korean leader Kim Jong Un and President Donald Trump. […]
Read moreManhattan real estate sales and prices took a fall in the fourth quarter, and they’re likely to slide even further this year after the new tax rules take effect. Total sales volume fell 12 percent compared with the fourth quarter of last year — the lowest quarterly level in six years, according to a report […]
Read moreJust three months after Mike Cagney’s board ousted him amid allegations of sexual harassment, the founder of SoFi is already plotting his comeback. Cagney has been approaching investors in recent weeks about a new fintech startup with a plan to raise about $25 million, according to multiple people familiar with his outreach. He has pitched […]
Read moreThis year could mark a comeback for commodities, with oil potentially hitting $80 per barrel, a portfolio manager said on Wednesday. Restrained production among major oil producers and the “greater impetus” to maintain stability ahead of the widely-anticipated initial public offering of Saudi Aramco will support prices further this year, said Yoon Chou Chong, head […]
Read moreSouth Korean President Moon Jae-In has stirred up a decades-old dispute with Japan, a move that risks disrupting the international effort to contain North Korea. For years, Seoul and Tokyo have been at loggerheads over the matter of comfort women — the thousands of girls and women, many of them Korean, who were forced to […]
Read moreTencent Holdings’ WeChat, China’s most popular messenger app, on Tuesday denied storing users’ chat histories, after a top businessman was quoted in media reports as saying he believed Tencent was monitoring everyone’s account. “WeChat does not store any users’ chat history. That is only stored in users’ mobiles, computers and other terminals,” WeChat said in […]
Read moreWall Street began the year on a strong note and the dollar slumped ahead of Asia’s Wednesday trading day. Markets stateside closed with gains in the first trading session of the new year as technology names moved higher. Both the S&P 500 and Nasdaq composite hit closing highs, with the latter closing above the 7,000 […]
Read moreAs the first trading day of 2018 wrapped up on a rosy note for the averages, CNBC’s Jim Cramer noticed a hint of discord in the market layout. “I swear people are bored with what’s going on with stocks,” the “Mad Money” host said. “Either they don’t want to say anything good about the market […]
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