China has an ambitious plan to become a global leader in innovation and technology, and that could potentially bode very well for German multinational company Merck KGaA. The company is one of the leading names in science and technology and does business across three sectors: health care, life science and performance materials. The latter two […]
Read moreCurrency, United States Finance
Europe points to slightly higher open as investors await news on US tax reforms
European markets are expected to open slightly higher on Thursday morning, as investors turn their attention to the States, awaiting more developments concerning tax reform and geopolitics. The U.K.’s FTSE 100 is expected to open 12 points up at 7,359, while the German DAX is set to open 36 points higher at 13,033 and the […]
Read moreChina’s growth rate will be “much, much lower” when Beijing gets a grip on controlling debt, a finance professor at one of China’s top university said Thursday. “I have absolutely no doubt that once Beijing is able get control of the growth in credit — which they are a long way from doing — growth […]
Read moreMedia giant Time Inc.’s acquisition by Meredith is key to boosting its digital business, offering it a fighting chance against “giant tech monsters” like Facebook and Google, the company’s chief content officer, Alan Murray, said Thursday. The $2.8 billion deal, backed by an affiliate of billionaire brothers Charles and David Koch, was announced in November. […]
Read moreChina’s economy may be set for a gradual slowdown, but the world’s largest cosmetics company isn’t worried about business in the country being negatively affected. Instead, L’Oreal is pinning its hopes on the growing affluence of China’s middle class. “The growth potential [is] I believe unlimited in China because of this rise of [the] middle […]
Read moreJust months after Ford cancelled plans to build a plant in Mexico and not move some vehicle production south of the border, the automaker says it plans to shift future production of an electric vehicle from Michigan to Mexico. The move is part of a larger plan to free up production space at the automaker’s […]
Read moreAsian markets were mixed on Thursday, as the Hang Seng Index and Nikkei 225 recouped some losses after falling around 2 percent on Wednesday. Stateside, major indexes closed narrowly mixed as investors awaited tax reform developments. Japan’s Nikkei 225 bounced 1.27 percent after falling nearly 2 percent in the previous session. Gains were seen across […]
Read moreAn almost two-year long study of the Chinese financial system by the International Monetary Fund found three major tensions that could derail the world’s second-largest economy. Those tensions emerged as China moves away from its role as the world’s factory to a more modern, consumer-driven economy, the IMF said. The financial sector is critical in […]
Read moreProperty price gains in China are likely to slow due to official efforts to rein in the market, a top real estate executive said Thursday. “For years, the Chinese government has had the effort to control the speed of the fast-rising property price, so there’s always been policies coming out to control the market, but […]
Read moreSingapore Airlines, one of the world’s top ranked carriers, has taken measures to reroute some flights in response to North Korea’s missile tests, Channel NewsAsia reported. The change involves the airline’s Seoul-Los Angeles flights and was put in place following Pyongyang’s July 27 missile launch into the Sea of Japan, the company reportedly told Channel […]
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