European markets look likely to rise sharply as they begin trading on Friday. The Italian MIB’s ascent is expected to be the steepest, with the index seen up 105 points at 23,773. Meanwhile the German DAX is also set for a rally, seen up 65 points at 13,344. The U.K. FTSE and French CAC are […]
Read morePresident Donald Trump made major news last week when he accused Russia of helping North Korea evade international sanctions. Reports that Russian tankers helped deliver fuel to the pariah state underscore that contention, but that occurrence alone doesn’t explain why the Kremlin would actively undermine the international community. The reason, experts told CNBC, could be […]
Read moreCurrency, United States Finance
It's profit over politics at China's state-run rail giant, chairman says
Making money — not following political directives — is the top priority for Chinese state-owned train giant CRRC, its chairman claimed this week. “As an enterprise, CRRC seeks profits. So when we look at the orders, we first assess our interest, the other things come later,” Liu Hualong, the company’s chair, said in Mandarin. Considerations […]
Read morePC-maker Dell Technologies is considering strategic options including a public share offering or a deal with its majority owned New York-listed unit, VMware, according to media reports on Thursday. Dell’s board is meeting later this month and will discuss its options, Bloomberg reported, citing people familiar with the matter, adding that the company may also […]
Read moreThinking of doing an MBA in Asia but worried you don’t have the money to pay for it? You’re not alone, but if you’re a woman you may be in luck. In a bid to address gender imbalances, a number of Asian business schools have created women-only scholarships to promote change from the ground up. […]
Read moreIf it’s true that the bigger they are, the harder they fall, then cryptocurrencies have been gearing up for a tremendous decline. But, then again, maybe this is just the start for the great crypto bull market. As of Monday, the entire cryptocurrency market stands at approximately $563 billion, according to industry site CoinMarketCap, which […]
Read morePresident Donald Trump ordered the firing of Special Counsel Robert Mueller last June, the New York Times reported Thursday. Citing “four people told of the matter,” the Times said Trump ultimately backed off following a threat from White House counsel to resign. Mueller himself learned about the president’s withdrawn directive in recent months, according to […]
Read moreWalmart is again treading on Amazon‘s turf. The big-box retailer is partnering with Rakuten, a Tokyo-based e-commerce business, to sell e-books and audiobooks on Walmart.com, a category that’s never been offered on the website before. Toronto-based Rakuten Kobo, a subsidiary of Rakuten, will bring its catalog of more than 6 million e-book titles to the […]
Read moreFacebook admitted this month that it recommended content produced by Russian operatives to some users, the latest acknowledgment that it underestimated how extensively foreign actors manipulated its platform around the time of the 2016 presidential election. “This happened in some cases,” Facebook told the Senate Intelligence Committee, in a written follow-up to a November hearing […]
Read moreThe dollar reversed its recent tumble following comments from President Donald Trump and major indexes stateside finished mostly higher ahead of Asia’s Friday trading day. The Dow Jones industrial average ended the session at a record, with markets focused on upbeat corporate earnings releases. Around 78 percent of S&P 500 companies that have reported quarterly […]
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