Russian President Vladimir Putin and U.S. President Donald Trump are sure to discuss North Korea at next week’s bilateral summit as the American leader looks to tap Moscow’s strategic leverage over the isolated state. The controversial heads of state are due to meet in Helsinki on Monday, with arms control, Ukraine, Syria and Iran likely […]
Read moreCurrency, United States Finance
European markets seen higher amid global trade war fears; Trump visits the UK
European stocks are set to open higher Friday morning, tracking overnight gains on Wall Street amid elevated expectations of strong U.S. earnings. The FTSE 100 is seen 41 points higher at 7,692; the CAC is expected to open up around 26 points at 5,429 while the DAX is poised to start 60 points higher at […]
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Currency, United States Finance
History shows the US-UK special relationship is increasingly one-sided
Winston Churchill coined the term “special relationship” in a 1946 speech in Fulton, Missouri. He said a unique bond between the United States and the United Kingdom was the “only means” by which the world could achieve its “full stature and strength” in the face of communism. Churchill had established a deep friendship with President […]
Read moreThe proposed U.S. tariffs on an additional $200 billion in Chinese goods would hit the world’s second-largest economy more severely than the previous custom duties did, according to the chief executive of Southeast Asia’s largest bank. That’s because the latest list of targeted Chinese goods includes a greater number of finished products, which can be […]
Read moreChina reported Friday that its June imports rose 14.1 percent in dollar-denominated terms, falling far short of a 20.8 percent increase expected by analysts. China’s exports, meanwhile, slightly topped expectations by rising 11.3 percent in June, according to data from the country’s General Administration of Customs showed on Friday. Overall, China ran a $41.61 billion […]
Read moreChina on Friday reported that both its imports and exports with the U.S. rose in the first half of 2018. Exports to the world’s largest economy rose 5.7 percent against the prior year-ago period in yuan terms, China’s customs office said. Imports from the U.S., meanwhile, correspondingly rose 4 percent. More information on the trade […]
Read moreAsian shares extended gains on Friday after Wall Street rebounded as technology stocks there touched all-time highs. There was also some relief coming from the lack of escalation in trade tensions between the U.S. and China. Japan’s Nikkei 225 jumped 1.35 percent as stocks extended Thursday’s gains. Electric appliances led gains in the morning, up […]
Read moreIf you made a lot of money in the public markets over the past five years, you were probably betting big on tech and media. That’s according to a new global study from the Boston Consulting Group, which said last week that the nine companies with the highest shareholder returns from 2013 to 2017 came […]
Read moreApple in partnership with several of its suppliers announced on Thursday a $300 million fund for investing in renewable energy projects in China. The China Clean Energy Fund aims to produce at least 1 gigawatt of energy — or enough to power about 1 million homes — through fully renewable means over the next four […]
Read moreThe semiconductor company that tried and failed to buy Qualcomm has a new strategy — become a serial infrastructure software acquirer. Broadcom, which announced on Wednesday that it’s buying CA for almost $19 billion, is turning away from rolling up semiconductor companies and toward buying up mainframe and infrastructure software companies. Broadcom plans to use […]
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