India and China have agreed to an “expeditious disengagement” of troops in a disputed border area where their soldiers have been locked in a stand-off for more than two months, India’s foreign ministry said on Monday. The decision comes ahead of a summit of the BRICS nations – a grouping that also includes Brazil, Russia […]
Read moreCurrency, United States Finance
US dollar's status is in question as the euro hits two-and-half year high, investment manager says
The prestige of the U.S. dollar is being questioned as the currency weakens and competitors such as the euro and the renminbi gain strength, an investment manager told CNBC Monday. Though the U.S. economy has been performing well and the Federal Reserve has signaled further interest rate hikes, investors have been concerned over when and […]
Read moreSamsung Electronics Vice Chairman Jay Y. Lee has filed an appeal against the five-year jail term he was given for bribery and other charges through his lawyer, according to the Seoul Central District Court’s website on Monday. The website did not give any details about the appeal, which will be assigned to a higher court. […]
Read moreA Jakarta court has sentenced a female would-be suicide bomber to seven and a half years in prison, prosecutors and her lawyer said, the first time a woman has been convicted in Indonesia for planning such an attack. Dian Yulia Novi, 28, was arrested late last year on suspicion of plotting to blow herself up […]
Read moreAt the start of the third round of Brexit talks, only one thing seems clear: the division between Brussels and London. The EU’s chief negotiator Michel Barnier said last June that the third round of negotiations should be about clarification, but after the U.K. published a few papers outlining its position, it is evident that […]
Read moreChinese conglomerate Dalian Wanda Group said in a statement to Reuters on Monday that areport claiming its billionaire chairman, Wang Jianlin, was prevented from leaving the country was groundless and it planned to take legal action. Taiwanese news site Bowen Press had reported on Sunday that Wang was stopped from leaving Tianjin airport on Friday […]
Read moreDonald Trump’s company was chasing a deal to build a Trump Tower in Moscow while he ran for president in late 2015 and early 2016, the Washington Post reported on Sunday, citing people familiar with the proposal and records reviewed by Trump Organization lawyers. Russian-born developer Felix Sater had urged Trump to visit Moscow to […]
Read moreThere is no one in Silicon Valley who’s more connected than Reid Hoffman. That might be because he plays all of the connector roles—sometimes at once. Hoffman’s a venture capitalist, at Greylock Partners, and an entrepreneur who co-founded LinkedIn, selling it last year for $26 billion. (His net worth is estimated to be north of […]
Read moreExpedia CEO Dara Khosrowshahi will be Uber’s new chief executive, according to a report from Recode. The New York Times also reported that Khosrowshahi will be the company’s new CEO. The ride-hailing company’s board earlier voted on Khosrowshahi, an Iranian American businessman, to replace former CEO Travis Kalanick after General Electric boss Jeffrey Immelt dropped […]
Read moreTh euro soared after highly awaited speeches from top central bankers Friday while oil markets are expected to digest the impact of Hurricane Harvey during Monday’s Asian trading day. While Federal Reserve Chair Janet Yellen did not provide any clues on monetary policy outlook in her speech at a central banking meeting in Jackson Hole, […]
Read more