Manila appears to be testing its relationship with Beijing as Philippine President Rodrigo Duterte considers resuming energy exploration in the tension-laden South China Sea. Oil and gas drilling in the Reed Bank, located in the international waterway, has been suspended since 2014. That came after Manila launched an international arbitration case against Beijing over the […]
Read moreIran has piqued financial interest throughout the world for its massive energy reserves, but the country actually has a host of other opportunities in less obvious areas, according to one global investor. For Clemente Cappello, CIO of London-based Sturgeon Capital, Iran holds promise in part for its cheap labor, abundance of natural resources, and well-educated […]
Read moreThree attackers opened fire near Jerusalem’s holiest site on Friday, wounding three Israelis, two of them critically, before they were killed, Israeli police said. Army Radio said the shooting took place near the sacred site known to Muslims as Noble Sanctuary and to Jews as Temple Mount. Police said the three attackers were killed by […]
Read moreInfosys, India‘s second-biggest software services exporter, reported a 1.4 percent increase in first-quarter profit on Friday, slightly beating street estimates, helped by key client wins. Bengaluru-headquartered Infosys posted a consolidated net profit of 34.83 billion rupees ($540 million) for the three months ending June 30, compared to 34.36 billion rupees in the same quarter last […]
Read moreAs the 11 remaining Trans-Pacific Partnership countries continue talks without Washington this week, certain member states now need convincing to stay on board with the massive trade deal. No longer the world’s largest trade pact after President Donald Trump’s decision to withdraw the U.S. earlier this year, the TPP remains alive — for now. Its […]
Read moreCurrency, United States Finance
Russian central banker praises 'normal' interest rates — and gives her outlook for oil prices
The head of Russia’s central bank applauded the U.S. Federal Reserve’s moves toward higher, more historically “normal” interest rates, and called on other central banks to follow suit. At the same time, Elvira Nabiullina, governor of the Central Bank of Russia, underscored on Thursday that Russia will continue to ease its own rates. Russian interest […]
Read moreSignificant progress could be made on artificial sun technology by 2023 – and it could be used to generate clean energy for China in 50 to 60 years, a senior government nuclear scientist says. Song Yuntao, a lead scientist on the country’s largest fusion energy project, told the official Science and Technology Daily on Thursday […]
Read moreSingapore’s trade-reliant economy grew in the second quarter from the quarter before, dodging a recession, thanks to solid gains in the manufacturing sector. The economy expanded 0.4 percent in the April-June period from the previous three months on an annualized and seasonally adjusted basis, the Ministry of Trade and Industry said on Friday in a […]
Read moreTarget’s surprisingly positive preannouncement may have lifted retail stocks as investors wondered if their fears about the sector were overblown, but Jim Cramer remained skeptical. “While Target’s news flash is certainly good for Target and for its long-suffering shareholders, it’s not necessarily good enough yet to ignite a sustainable rally in the group – and […]
Read moreResearchers at Alphabet subsidiary Google have taught software to create great-looking photos out of panoramas that you can look at in Google Street View. An academic paper published on Wednesday documents the Creatism system, which is just the latest fascinating thing Alphabet is doing with artificial intelligence — alongside Facebook, Google and other tech companies. […]
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