After a week of relatively stable trade during China’s 19th Communist Party Congress, Chinese stocks took a tumble in early Monday trade. The Shanghai Composite was down 0.73 percent at 12:47 p.m. HK/SIN after sliding 1.3 percent earlier in the session. The Shenzhen Composite and the ChiNext index, Shenzhen’s Nasdaq-style start-up board, were down 1.244 […]
Read moreAmazon, Alphabet, Microsoft and Intel topped earnings expectations when the companies reported their quarterly results after the market close on Thursday. Shares of the tech giants popped on Friday following the earnings beats: Intel closed up 7.38 percent, Amazon soared 13.22 percent, Alphabet jumped 4.26 percent and Microsoft rose 6.4 percent on the day. That […]
Read moreSenior defense officials from the United States, South Korea and Japan held trilateral talks and urged North Korea to walk away from its “destructive and reckless path” of weapons development, the U.S. military said in a statement. Chairman of the U.S. Joint Chiefs of Staff General Joseph Dunford hosted his South Korean and Japanese counterparts […]
Read moreKobe Steel has decided to withdraw its forecast for current financial year, the Nikkei business daily reported on Monday, as it struggles to quantify the impact of its data falsification scandal. Japan’s No.3 steelmaker has also decided not to pay a dividend for the six months through September, the Nikkei said without citing sources, adding […]
Read moreHSBC, Europe’s largest bank, is expected to announce on Monday an increase in its third-quarter pre-tax profit and revenue, helped by the continuous cost-cutting effort and a low base from a year ago, analysts said. The bank, listed in Hong Kong, London and New York, is scheduled to release its third-quarter financial statement at noon […]
Read moreBitcoin-related jobs are the fastest growing category of role on international employment marketplace Freelancer, the company said Wednesday. With 82 percent growth in the third quarter, work related to cryptocurrency is skyrocketing, the data showed. The company’s periodic report tracks top trends in online jobs based on the listings on its Freelancer.com platform. “People are […]
Read moreThe U.S. and the euro area economies — nearly one-third of global output — are currently continuing to grow at a pace which is not causing inflationary capacity pressures in labor and product markets. The Federal Reserve and the European Central Bank are, therefore, maintaining an exceptionally easy policy stance, while envisaging gradually rising credit […]
Read morePolitical developments weighed on the euro ahead of Asia’s Monday trading day as investors awaited quarterly results from regional corporates. Markets have for days been keeping an eye on news about the next Federal Reserve chair. President Donald Trump reportedly favors nominating Federal Reserve Governor Jerome “Jay” Powell when current Chair Janet Yellen’s term comes […]
Read moreMars and Poseidon are coming to Asia. That is, those two varieties of U.S.-produced crude oil are spearheading American exporters’ direct challenge to OPEC for market share in Asia. In a shakeup to the established order, U.S. crude oil exporters are moving more cargoes toward high-growth Asia as they capitalize on favorable price differentials and […]
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Biggest challenge with being a woman in venture? I think of myself as “just one of the _____” (insert your preferred noun, like “guys” or “partners” or “colleagues.”) That’s often not how others usually see me, and I worry that there are jokes I don’t hear, events I don’t get invited to, or deals I […]
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