U.K. Prime Minister Teresa May is expected to outline her vision for Britain’s industrial future Monday, while the leader of the U.K.’s opposition Labour party is expected to set out his proposals for “big changes” to the country’s economy. Both the prime minister and Labour leader Jeremy Corybn are expected to give speeches at a […]
Read moreSilvio Berlusconi’s center-right coalition on Sunday looked set to win by a narrow margin a regional vote in Sicily seen as a crucial test of national trends ahead of forthcoming parliamentary elections, exit polls suggested. The Sicilian vote could mark a striking comeback for the 81-year-old four-times prime minister, whose candidate was predicted to have […]
Read moreThe pursuit of democracy is considered a foundational pillar of U.S. foreign policy, but it has taken a backseat under President Donald Trump’s “America First” philosophy. Many believe that approach could heighten authoritarianism in the developing world and eventually backfire on Washington. Trump isn’t expected to criticize Beijing’s political detentions, Hanoi’s freedom of speech crackdown […]
Read morePresident Donald Trump on Monday made an eyebrow-raising remark during a joint press conference with Japanese Prime Minister Shinzo Abe in Tokyo. Calling Abe by his first name, the Republican took a zero-sum approach in comparing the Japanese and U.S economies. “The Japanese people are thriving, your cities are vibrant and you’ve built one of […]
Read moreCurrency, United States Finance
European markets seen lower ahead of earnings, economic data; oil prices jump
European stocks are set to start the week lower as investors focus on earnings and monitor President Donald Trump’s comments in Asia. The FTSE 100 is seen lower by 23 points at 7,536; the CAC 40 is set to open off by 7 points at 5,506 and the DAX is set to start the day […]
Read moreSoutheast Asia’s largest bank, DBS Group Holdings, unexpectedly set aside another 815 million Singapore dollars ($597.4 million) to cover for bad loans from the troubled oil and gas sector – a move it hopes will finally put worries over asset quality behind it. That action resulted in a 23 percent year-on-year fall in net profit […]
Read moreEach new robot in the workplace can replace roughly six human workers, according to the National Bureau of Economic Research. And not only is that a possibility, but it’s a certainty for some professions. “No doubt that some aspects of automation are going to eliminate certain jobs,” said Andrew Anagnost, the CEO of software firm […]
Read moreOne day in September, investors with fading summer tans mingled with their brokers over a three-course lunch at Cipriani in Lower Manhattan. Stocks were soaring and they swapped market tips and touted apps that allowed them to buy Bitcoin on the golf course. But the full stomachs and fat portfolios couldn’t mask a sense of […]
Read morePresident Donald Trump pushed for more “reciprocal” trade in Tokyo on the second day of his Asian tour and suggested that Japanese automakers “try building your cars in the United States instead of shipping them over.” The problem: They already do, and have for many years. According to Politico, Trump made the request during a […]
Read moreBank of Japan Governor Haruhiko Kuroda said on Monday that economic growth is gathering momentum and increasing the chances of inflation hitting his 2 percent target, reinforcing market expectations that no additional stimulus is forthcoming. Kuroda said the central bank was closely watching the economic effects of prolonged ultra-easy policy, particularly the damage it could […]
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