French bank Societe Generale said Monday it has teamed with the Singapore Exchange to introduce one of Europe’s “fastest growing” trading products into Asia — something called “daily leverage certificates.” The certificates, or DLCs, are exchange-traded products that allow investors to multiply their returns by betting on the daily rise and fall of the underlying […]
Read moreTesla Inc.’s high-volume Model 3 sedan passed all regulatory requirements for production two weeks ahead of schedule, Chief Executive Elon Musk tweeted on Sunday night. “(Model 3) Production grows exponentially, so Aug should be 100 cars and Sept. above 1,500,” Musk said on Twitter. “Looks like we can reach 20,000 Model 3 cars per month […]
Read moreTesla Motors’ first mass-market car, the Model 3, will begin rolling off the line on Friday, two weeks earlier than planned, Elon Musk, the company’s chief executive, said late Sunday. Mr. Musk said on Twitter that production would increase quickly, with 100 Model 3s produced in August and 1,500 or more in September. He said […]
Read moreFinancial systems in Asia have improved tremendously since the Asian Financial Crisis swept the region 20 years ago, but the world’s second-largest economy, China, is presenting fresh risks, experts told CNBC on Monday. The crisis was triggered by a devaluation of the Thai baht on July 1997, which sparked a contagion effect across the region. […]
Read moreIran plans to sign a new contract to develop its giant South Pars gas field with France’s Total and China’s CNPC on Monday, the first major Western energy investment since sanctions against Tehran were lifted, an Iranian oil ministry official told Reuters on Sunday. A spokesman for Total confirmed the company will sign the contract […]
Read moreCurrency, United States Finance
Op-Ed: May’s political troubles sow Brexit confusion, undermines economy
It is now just over a year since the UK’s non-binding referendum vote to extricate itself from the European Union. And in the 12 months since, amid electoral surprises, incessant speculation and endless political posturing, the British economy has not – by some measures – performed particularly well. The most recent public data shows the […]
Read moreJapanese Prime Minister Shinzo Abe said on Monday he will work to regain public trust after his party suffered an historic defeat in an election in the nation’s capital, signalling trouble for the premier amid tumbling support rates. The dismal showing for Abe’s Liberal Democratic Party (LDP) in Sunday’s Tokyo Metropolitan assembly election was a […]
Read moreThe Caixin China manufacturing purchasing manufacturers’ index (PMI) for June beat expectations, offering another signal that the world’s second-largest economy continues to defy expectations for a slowdown. The private survey came in at 50.4, marking a three-month high. It was up from May’s 49.6, which was an 11-month low, and beat a Reuters poll forecast […]
Read moreThe first half of the year has flown by and stocks certainly have a lot to show for it. The S&P 500 and the Dow Jones industrial average notched their biggest first-half gains since 2013. The tech-heavy Nasdaq composite, meanwhile, left them in the dust, surging 14.2 percent to post its best start to a […]
Read moreMike Tuchen is best when he’s feeling down. Halfway through a project he kicks his efforts into overdrive, just when others might start to relax. Tuchen is the CEO of Talend, a company with a billion-dollar market value. It helps customers take advantage of their data, and apply it effectively. Yet before kicking off a […]
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