How is the stock market set up heading into summer? It’s hard to make a confident case the summer of 2018 will either be “hot fun” or particularly cruel. The weight of the evidence tilts toward some more aimless knocking around, punctuated by a few bursts of excitement, and probably a couple of attempts by […]
Read moreAlibaba on Tuesday said it has led a consortium of investors to buy about 10 percent of Chinese courier ZTO Express (Cayman) for $1.38 billion, as part of the e-commerce firm’s push into offline services. The consortium includes Alibaba’s majority-owned logistics affiliate Cainiao Smart Logistics Network, Alibaba, and ZTO said in a joint statement without […]
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Oil begins a new week after ending the last with its worst losses in three months. Commodities traders shouldn’t worry, though, says one technician — the charts suggest more good news than bad. “At this point in time, the charts just look like a pullback within the context of a bigger uptrend,” Craig Johnson, chief […]
Read morePresident Donald Trump is running out of time to deliver a revamp of the North American Free Trade Agreement (NAFTA) he promised for this year and people involved in the talks say the crunch is largely of his administration’s own making. Negotiators, industry lobbyists, trade experts and lawmakers briefed on the talks described how precious […]
Read moreInvestment firm KKR will buy enterprise software provider BMC Software from an investor group, the companies said on Tuesday. The group includes Bain Capital Private Equity, Golden Gate Capital, GIC, Insight Venture Partners and Elliott Management. Citing a single source familiar with the deal, the New York Post reported last week BMC could be worth […]
Read moreQualcomm is expecting to meet this week in Beijing with China’s antitrust regulators in a final push to secure clearance for its proposed $44 billion acquisition of NXP Semiconductors, three sources told Reuters. The acquisition has been caught in the crosshairs of rising U.S.-China trade tensions, with sources saying an approval would depend on the […]
Read more“Fortnite” developer Epic Games is facing a copyright violation lawsuit from PUBG Corp, the creator of “PlayerUnknown’s Battlegrounds,” according to a report. PUBG Corp, a subsidiary of South Korean developer Bluehole, is suing Epic Games to determine whether “Fortnite” was copied directly from its own game, The Korea Times reported, citing an unnamed PUBG official. […]
Read moreThe Hungarian-born billionaire George Soros has offered a three-point plan in order to preserve the status of the European Union. Europe’s alliance has been under strain as bigger more powerful countries demand that those with struggling economies rein in their spending to reduce debt. This enforced austerity has led to high unemployment in countries such […]
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Italy is 'only ever a few short steps' from a serious risk of losing trust, warns central bank chief
Italy’s central bank chief warned on Tuesday that the state was “only ever a few short steps” from losing investors’ trust as markets dumped stocks and bonds, fearing repeat elections will become a de facto referendum on the country’s euro membership. Prime minister-designate Carlo Cottarelli is set to unveil his cabinet on Tuesday, as tensions […]
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Moody's warns of possible Italy downgrade if debt ratio not put on downward trend
Moody’s said on Tuesday it would downgrade Italy if the fiscal policies of the next government were unable to place the country’s public debt ratio on a sustainable downward trend. The political developments of the last few days have no bearing on Friday’s decision to place Italy’s ratings under review for downgrade, the credit rating […]
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