European stocks are set to open higher on Monday morning as investors watch out for further earnings and digest political news. The FTSE 100 is expected to open higher by 8 points at 7,785; the German DAX is seen up by 53 points at 13,282 and the CAC 40 is expected to start higher by […]
Read moreSwiss bank UBS said Monday that President Donald Trump deserves praise for his pro-growth policies. Those efforts in making the U.S. a more business-friendly economy, which include the recently passed tax reform, are often under-appreciated, said Mike Ryan, UBS Wealth Management’s chief investment officer for Americas. But the president has “changed the perception of what’s […]
Read moreAround a dozen injured people were carried on stretchers out of the Indonesia Stock Exchange on Monday, eye witnesses said, after reports of a collapsed structure inside the building. Dozens of police officials were cordoning off the two-tower, multi-storey complex as many people ran away and others were seen sitting on steps outside the lobby. […]
Read moreThe key to Asian economic growth in 2018 will be greater friendship and cooperation between countries, according to the president of the Asian Development Bank. One of the reasons behind Asia’s success in growth and development is the region’s successful fostering of a “sense of cooperation” between countries in Asia, ADB President Takehiko Nakao told […]
Read moreIreland says it can help U.K. companies that are concerned about losing the right to sell products into the European Union after Brexit comes into effect. “We’re saying to people, if there are difficulties, Ireland can be part of the solution for passporting,” Michael D’Arcy, minister of state at Ireland’s Department of Finance, told CNBC […]
Read more“What if a Chinese enterprise listed Alaska or Hawaii as an independent country rather than a state of the United States?” a Beijing-owned newspaper asked Sunday amid a political ruckus spurred by foreign companies. Just as those territories are part of the U.S., the recent China Daily editorial argued, Hong Kong, Macau, Taiwan and Tibet […]
Read moreHong Kong’s leader said Monday that anyone who objects to the installation of a Chinese checkpoint at a local railway station is fundamentally ill-informed. Protests erupted in the former British colony on New Year’s Day after Beijing lawmakers voted to allow Chinese immigration checks and the enforcement of Chinese laws in a part of Hong […]
Read moreThe head of Singapore’s central bank said on Monday he hoped the technologies underpinning cryptocurrencies such as blockchain would not be undermined by an eventual crash in the digital money. The city-state has been positioning itself as a hub for fintech — or financial technology —but has urged “extreme caution” about buying cryptocurrencies. “I do […]
Read moreSoftBank Group plans to list its mobile-phone business and raise some $18 billion, the Nikkei newspaper said, a spin-off that would complete the Japanese telecoms conglomerate’s transformation into a global technology investor. The parent will sell some 30 percent of SoftBank. It plans to apply to the Tokyo Stock Exchange for the IPO as early […]
Read morePyongyang could still pull out from the upcoming Winter Olympics, a North Korean media outlet threatened in response to recent “ill-boding” remarks by South Korean President Moon Jae-in. Moon’s praise of President Donald Trump in a speech last Wednesday chilled the atmosphere for North-South reconciliation, according to the state-run Korean Central News Agency (KCNA). “They […]
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