Financial 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 […]
Read moreEight people were wounded in a shooting in front of a mosque in the southern French city of Avignon in an incident police consider to be a settling of scores rather than a militant attack, a source close to the investigation said on Monday. Two of the eight wounded were hospitalized after the incident, according […]
Read moreJapan’s Tankan report showed the Big Manufacturers Index for June came in higher than expected at +17, compared with a Reuters poll forecast for +15. The dollar/yen spiked as high as 112.38 after the data, before retreating to 112.27 at 8:26 a.m. HK/SIN. It was at 112.26 just before the release. The Big Manufacturers Index […]
Read moreAustralia‘s oldest newspaper publisher Fairfax Media on Monday said it had ceased discussions with two U.S private equity suitors, after neither lodged a binding offer for the company. The publisher last month fielded bids worth as much as A$2.87 billion ($2.2 billion) from TPG Capital Management LP and Hellman & Friedman, and both firms were […]
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