WHAT is in store for economies and markets in 2018? Around this time of year, a large number of analysts and fund managers are giving their views. Among the most interesting and thoughtful approaches can be found at Absolute Strategy Research (ASR), an independent group founded by David Bowers and Ian Harnett. ASR adds extra […]
Read moreAustralia’s Aconex said on Monday it had received a A$1.56 billion ($1.2 billion), or A$7.80 in cash-per-share, buyout offer from U.S. software major Oracle, sending the target’s share price up 45 percent. Aconex said in a statement its directors unanimously recommended the offer, with shareholders of the cloud-based project management company scheduled to vote on […]
Read moreGermany’s biggest airport is canceling 170 flights because of snowfall, though forecasters predict the weather will improve over the course of the day. Frankfurt airport said flights to Berlin, Hamburg, Munich, Vienna, Dublin and Warsaw were affected by cancellations Monday. Delta and Lufthansa connections between Frankfurt and the U.S. were also affected by a power […]
Read moreGermany’s Vonovia has agreed to buy Buwog in a cash deal valuing the Austrian real estate company at 5.2 billion euros ($6.12 billion), the two companies said on Monday. The deal will further grow Vonovia’s portfolio of residential properties to almost 400,000 flats from around 350,000 now, cementing its position as Germany’s leading property group […]
Read moreChinese internet giant Tencent Holdings Ltd said on Monday it would lead an $863 million investment in apparel platform Vipshop Holdings Ltd , upping its rivalry in retail with Alibaba Group Holding Ltd. Tencent will invest $604 million in exchange for a 7 percent stake in Vipshop, while e-commerce firm JD.com Inc – a long-standing […]
Read moreEuropean stocks are expected to open higher on Monday morning, with sentiment lifted by heightened expectations that U.S. lawmakers could pass a long-awaited tax bill. The FTSE 100 is poised to open up by around 14 points at 7,497; the DAX is seen 76 points higher at 13,181 and the CAC 40 is set to […]
Read moreWith just two weeks to go before the new year begins, many fund managers around the world seem to agree on one thing: The rally in Asian stocks will continue into 2018. Strength in the equity market, they said, will be supported by regional economies growing strongly and solid company fundamentals that will drive earnings […]
Read moreChina‘s electric vehicle start-up Nio launched its first mass-produced model over the weekend, in a home market marked by competition with companies such as Tesla. The ES8, which starts at 448,000 Chinese yuan ($67,765) is half the starting price of Tesla’s 836,000 yuan ($126,470) Model X in China. Nio also enjoys the advantage of Beijing’s […]
Read moreBitcoin will surge past $20,000 and continue its meteoric march into six figures, according to independent research analyst Ronnie Moas. “Bitcoin is already up 500 percent since I recommended it in the beginning of July, and I’m looking for another 500 percent move from here,” said Moas, the founder Standpoint Research, a self-described “one-man operation” […]
Read moreSouth Korea’s trade ministry said on Monday it had reported to parliament a plan to renegotiate the 2012 free trade agreement (FTA) with the United States after President Donald Trump threatened earlier this year to scrap the accord unless it was revised. The trade ministry said in a statement that Monday’s report completes South Korea’s […]
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