As oil proves resilient around 2014 highs, experts warn that a sustained uptick in energy prices could upset market sentiment in Asia. Higher oil prices combined with rising U.S. interest rates could prove “a double whammy,” for the region, “adding about a trillion dollars a year to the import bill across Asia,” Richard Martin of […]
Read moreChina has not offered to cut its trade surplus with the U.S. by $200 billion, contrary to reports, China’s Foreign Ministry said Friday. Ministry spokesman Lu Kang said that the claims were not true while speaking at a daily news briefing about the ongoing trade talks between the world’s two largest economies, according to Reuters. […]
Read morePresident Donald Trump twice asked Bill Gates the difference between HPV and HIV, the Microsoft founder told an audience at a recent Bill & Melinda Gates Foundation meeting. The footage of Gates, aired on MSNBC late Thursday, shows the billionaire philanthropist responding to questions from staff members and describing his first exchanges with the president. […]
Read moreCurrency, United States Finance
If it's America First, then Europe will respond in kind, German minister says
The United States must reckon with Europe responding in kind if it declares “America First” and places its own economic interests before those of others, Germany’s Economy Minister Peter Altmaier said. In an interview with ARD television, Altmaier attributed the United States’s desire to block the building of a new pipeline linking Russia and Germany […]
Read moreGeneric competition to cholesterol fighter Crestor and higher costs hit AstraZeneca in the first quarter, despite good sales of new drugs, but the group said on Friday it remained on track for a promised return to sales growth in 2018. Its latest arrivals – Imfinzi for cancer and Fasenra for severe asthma – both sold […]
Read moreSingapore and Malaysia may find their relationship under pressure if the latter’s new government withdraws from a rail project that’s become emblematic of improved bilateral ties. Uncertainty clouds the future of a 2016 deal to construct a high-speed rail network between Kuala Lumpur and Singapore after Malaysian Prime Minister Mahathir Mohamad said this week that […]
Read moreWith the National Australia Bank under fire over allegations of fraud and misconduct by its bankers, its CEO Andrew Thorburn admitted that banks had been prioritizing its company operations over its clients. “Well I think this has been a drift over time where banks have become so complex, maybe so hierarchical, so focused on compliance, […]
Read moreEuropean shares are set for a mixed open Friday morning as concerns over geopolitics and trade intensify. The FTSE 100 is seen off by 3.3 points at 7,773; the DAX is set to open higher by 28 points at 13,125; and the CAC 40 is expected up by 6.6 points at 5,615; according to IG. […]
Read moreBeijing’s purported offer of a package aimed at cutting its trade deficit with the U.S. by up to $200 billion a year is all about politics, an academic said Friday. “This is not about economics. It’s about politics and geopolitics,” said Pushan Dutt, a professor of economics and political science at graduate business school, INSEAD. […]
Read moreChina said on Friday it was dropping an anti-dumping probe into imports of U.S. sorghum, a conciliatory gesture as top officials meet in Washington in an effort to head off a trade war between the world’s two biggest economies. Beijing’s announcement that it was ending its investigation, which effectively halted a trade worth roughly $1.1 […]
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