Bank of America’s investment arm has offered some soothing words to investors fretting about an imminent meltdown in global equities and a resulting slowdown. The investment community have been busy watching the recent trend in bond yields this year, with many commentators predicting that the current economic cycle could be reaching a peak. The “flattening […]
Read moreCarl Icahn and Darwin Deason, shareholders in Xerox who oppose an agreed deal with Fujifilm, said they would consider an all-cash bid of at least $40 per share — a 43 percent premium to the Japanese firm’s offer. In setting a minimum price tag on Xerox, the billionaire investors have thrown the ball back into […]
Read moreMillennials in Britain should receive a one-off payment of £10,000 ($13,500) as soon as they turn 25 to help heal the “broken” intergenerational link between young and old, according to a prominent think tank. A “citizen’s inheritance” could boost the economic and social prospects for young people in Britain, said the Resolution Foundation’s report, authored […]
Read moreNintendo is launching a paid online service for its popular Switch console in September. The Japanese gaming company unveiled details of the new membership service Monday. It includes access to a library of 20 games from Nintendo’s classic NES console, as well as cloud backup for game saves. An annual subscription to the paid service […]
Read moreChina said President Xi Jinping has met with North Korean leader Kim Jong Un in a northern Chinese port city. The meeting, held Monday and Tuesday in Dalian, is the second between the two men in recent weeks, following Kim’s March visit to Beijing, his first since taking power six years ago. China is North […]
Read moreAmazon appears untouchable. It’s rallied 37 percent this year, outperforming the market nearly fourfold. And a stunning quarter, reported last month, prompted nearly two dozen firms to up their price targets on the e-commerce giant; a handful of those newly minted price targets place the company north of the $1 trillion threshold. But at this […]
Read moreAlibaba has bought Pakistani e-commerce firm Daraz, as the Chinese tech giant looks to increase its presence in South Asia. Financial details of the transaction, which was announced on Tuesday, were undisclosed. Daraz, founded in 2012, is backed by European tech incubator Rocket Internet. It operates in Bangladesh, Myanmar, Sri Lanka and Nepal as well […]
Read moreCurrency, United States Finance
Trump will kill the Iran nuclear deal — and that's a 'long-lasting' boost for oil prices
President Donald Trump‘s eagerly anticipated announcement on the Iran nuclear deal could be the flashpoint for a “long-lasting” uptick in oil prices, according to Barclays analysts. Crude futures hovered close to multi-year highs on Tuesday, as investors waited on Trump’s looming decision on the Iran nuclear accord. The U.S. president is due to make his […]
Read moreCurrency, United States Finance
Some investors are now starting to predict the ECB could extend its bond-buying program
Market players are closely monitoring data in the euro area over the next few weeks to see whether the European Central Bank (ECB) might be forced to extend monetary stimulus. Recent data across the euro zone has shown that economic activity in the region could be slowing down, raising doubts over the future of monetary […]
Read moreAmid a fierce political contest, Malaysia will be holding both federal Parliament and state assembly elections on Wednesday. Stakes are high for Malaysian Prime Minister Najib Razak, who is already weathering a multi-billion dollar scandal involving state fund 1Malaysia Development Berhad (1MDB). He is going up against a record number of candidates and battles in […]
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