The market has been laser-focused on the 10-year Treasury note’s yield in recent sessions, as it topped 3 percent last week for the first time in four years. Now, the level is elusive once again: 3 percent wasn’t held for long, and I don’t see it being revisited again anytime soon. I’m trading 10-year Treasury […]
Read moreThe board of Indian e-commerce giant Flipkart has approved a deal to sell a roughly 75 percent stake in the company to a group led by Walmart for $15 billion, according to a report. Japan’s SoftBank will sell its entire 20-plus percent stake in Flipkart, Bloomberg reported Friday, citing unnamed sources, and Google’s parent company […]
Read moreCurrency, United States Finance
The Iran nuclear deal is doomed — and it could ‘propel’ oil prices skywards, analysts say
The Iran nuclear deal is on the brink of collapse, yet oil traders continue to underestimate the impact of a fast-approaching supply shock. A dramatic uptick in oil prices in recent weeks has partly been driven by mounting expectations that Donald Trump will soon pull out of the 2015 accord. The U.S. president must decide […]
Read moreAction-camera maker GoPro’s first-quarter revenue beat expectations and it reported a smaller-than-expected loss on Thursday, benefiting from aggressive marketing of its cameras and controlling expenses. The company recently exited its Karma drone business to stem losses and has been trying to attract consumers with promotional offers, new entry-level products and trade-up programs. GoPro — whose […]
Read moreBillionaire investor Warren Buffett said long-term investors of Apple‘s stock shouldn’t obsess with near-term iPhone sales. “The idea that you’re going to spend loads of time trying to guess how many iPhone X … are going to be sold in a 3 month period totally misses the point,” the Berkshire Hathaway chairman and CEO said […]
Read moreBritish Airways-owner IAG said it had been unable to reach agreement on a possible takeover offer for Norwegian after holding talks with the struggling airline’s board, putting a dampener for now on M&A in the European airline market. “IAG is currently considering its options in relation to Norwegian,” IAG said in slides for a presentation […]
Read moreTrade tensions between the United States and China and the normalization of U.S. interest rates are the top concerns for developing Asia, government officials from across the region told CNBC this week. As U.S. and Chinese officials meet for trade talks in Beijing, Asia is watching negotiations closely for signs of mutual concessions that can […]
Read moreThe United States formally complained to China after Chinese nationals pointed lasers at U.S. military aircraft near Djibouti in recent weeks, the Pentagon said on Thursday, an account strongly disputed by China. Djibouti, on the Horn of Africa, hosts a U.S. military base that is home to about 4,000 personnel, including special operations forces, and […]
Read moreIndia’s largest lender posted its first quarterly loss in 17 years for the three months ended in December, but its chairman told CNBC that the rest of the year looks much better. The State Bank of India reported a net loss of 24.16 billion rupees ($361.8 million) for the December quarter, compared with a profit […]
Read moreUnlike many of their Western counterparts, Japanese workers aren’t afraid of robots stealing their jobs, a top-ranking official from the country said Friday. Japan’s labor force do not mind robots in factories because they’re seen as a source of help, Japanese Deputy Prime Minister and Minister of Finance Taro Aso said in a panel discussion […]
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