President Donald Trump appears to have painted himself into a corner: He must now follow up on his pledge of hitting North Korea with “fire and fury,” or he risks further blowing U.S. credibility. Kim Jong-un’s regime threatened to strike Guam late on Tuesday shortly after Trump warned Pyongyang would face “power, the likes of […]
Read moreIt’s a conundrum: Despite Japan being a likely target of freshly erupting North Korean ire, traders still see the yen as a safe-haven play, and they’re pushing the currency higher. The yen has surged, with the dollar fetching as little as 109.71 yen in Asia trade, down from 110.82 overnight. The dollar/yen was at 109.88 […]
Read moreChina’s financial markets are shrugging off rising tensions between the U.S. and North Korea. The pariah state has produced a nuclear weapon that can fit inside its missiles, NBC News confirmed Tuesday, citing a U.S. intelligence official. The country is also seriously considering a strike on Guam, reported a state media outlet. In response, President […]
Read moreThe Congresswoman for the U.S. Pacific territory of Guam on Wednesday said she was confident U.S. forces could protect it from the “deeply troubling” North Korean nuclear threat. Madeleine Z. Bordallo called on President Donald Trump to show “steady leadership” and work with the international community to de-escalate tensions and stop North Korea advancing its […]
Read moreChinese e-commerce giant JD.com’s partnership with American retail corporation Wal-Mart is proving successful — leaving even large competitors like Amazon in its wake — according to JD.com International President Winston Cheng. “We’re integrating with Wal-Mart in a much tighter partnership, which … potentially, Amazon might do with Whole Foods,” Cheng told CNBC. “But for us, […]
Read moreChina reported its consumer price index rose 1.4 percent in July from a year ago while the producer price index rose 5.5 percent in the same period, the National Bureau of Statistics said Wednesday. Analysts polled by Reuters expected consumer inflation to stay steady from June at 1.5 percent on-year while producer prices were also […]
Read moreNetflix CEO Reed Hastings, who sits on Facebook’s board of directors, wrote an email to fellow board member Peter Thiel castigating him for his “catastrophically bad” judgment in supporting Donald Trump for president, according to a report in the New York Times. Hastings chairs the Facebook board’s Compensation and Governance Committee, which is responsible for […]
Read moreNine people have been killed, including six tourists, and 164 injured in an earthquake that struck a remote and mountainous part of southwest China’s Sichuan province, the local government and official media said on Wednesday. The quake hit a sparsely populated area 200 km (120 miles) west-northwest of the city of Guangyuan on Tuesday evening […]
Read moreMost Asian indexes were pressured as geopolitical tensions re-entered the spotlight Wednesday, while the dollar saw a boost from the Tuesday release of robust monthly U.S. jobs openings. Japan’s Nikkei 225 was down 0.91 percent and South Korea’s Kospi declined 0.66 percent in early trade. Australia’s benchmark S&P/ASX 200 index bucked the trend to climb […]
Read moreDisney CEO Bob Iger spoke to CNBC’s Julia Boorstin about the company’s earnings report on Tuesday, and discussed the company’s plans to withdraw its movies from Netflix. Here’s a full transcript. JULIA BOORSTIN: WITH THIS BIG NEWS TODAY ABOUT YOUR BIG INVESTMENT IN BAMTECH AND THESE TWO NEW STREAMING SERVICES IN THE WORKS. WHY DID […]
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