Whatever the potential outcome, President Donald Trump’s summit with North Korean leader Kim Jong Un in Singapore last week was historic, marking the first-ever meeting between a sitting U.S. president and a head of state of the rogue Asian nation. And while the perspectives of South Koreans, the Chinese, the Japanese and even the Russians […]
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European stocks seen higher ahead of OPEC meeting, BOE to announce rate decision
European markets are set to open higher Thursday morning amid growing tensions in the oil market ahead of an OPEC meeting that could expand crude production. The FTSE 100 is seen 23 points higher at 7,659; the CAC is expected to open up around 12 points at 5,390 while the DAX is poised to start […]
Read moreChina’s commerce ministry on Thursday accused the United States of being “capricious” over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt by Washington’s penchant for brandishing “big sticks.” Previous trade negotiations with the United States had been constructive, but because the U.S. government is being unpredictable […]
Read moreChinese smartphone maker Xiaomi has lined up $548 million from seven cornerstone investors including U.S. chipmaker Qualcomm for its Hong Kong IPO of up to $6.1 billion, according to a term sheet seen by Reuters. Xiaomi, which also makes internet-connected devices, has set a price range of HK$17 to HK$22 ($2.17 to $2.80) each for […]
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In boardrooms, there’s a real fear that Italy could leave the euro zone
Italy’s battle with Brussels has triggered fears among executives that continental Europe’s third biggest economy will soon vote to leave the euro zone. Italy now has a right-wing populist government at its helm, with much of the power appearing to lie in the hands of interior minister and far-right Lega (League) leader Matteo Salvini. Euroskepticism […]
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Burger King apologizes for offer to women who get pregnant by World Cup players
Burger King has apologized for offering a lifetime supply of Whoppers to Russian women who get pregnant by World Cup players. Critics assailed the offer, announced on Russian social media, as sexist and demeaning. The announcement was removed Tuesday from Burger King’s social media accounts but was still circulating among Russian social network users. It […]
Read moreKim Jong Un and China's Xi agree to boost 'strategic, tactical' cooperation, North Korean media says
North Korean leader Kim Jong Un and Chinese President Xi Jinping discussed measures to bolster “strategic and tactical” cooperation between the two countries in a second meeting on Wednesday, the North’s state media said on Thursday. The meeting between Kim and Xi came on the North Korean leader’s second and last day of his latest […]
Read moreAsian stocks were set for a muted open on Thursday as global markets calmed after an elevation in trade tensions between the U.S. and China triggered a sell-off earlier in the week. Nikkei futures traded in Chicago were lower by 0.18 percent compared to the benchmark’s last close. Australian SPI futures, meanwhile, were up 0.16 […]
Read moreThe Trump administration’s zero tolerance policy for illegal immigration is shining a spotlight on U.S. detention efforts. Recent government handout images show children lying on the ground with Mylar blankets in kennel-like wire cages. Audio obtained by ProPublica captures children crying after being separated from their migrant parents. Though Trump signed an order he says […]
Read moreHealth-tech start-up GoodRx is in talks to be acquired for at least $1.5 billion, but could fetch as high as $3 billion, according several people familiar. Health distribution giant McKesson was among the companies taking a look, one person said, but will probably not be the buyer. The identity of the other potential buyers could […]
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