MSCI unveiled plans to gradually add mainland Chinese shares to its benchmark emerging markets index, injecting buzz into the market, but the stamp of approval may not help investors, say critics. The index giant will add 222 China A Large Cap stocks — including Bank of China and Tsingtao Brewery — on a gradual basis […]
Read moreSaudi Arabia has relieved Muhammad bin Nayef from his role as crown prince, replacing him with Mohammad bin Salman, according to a royal decree published by state news agency SPA. Bin Salman, 31, has been his country’s defense minister and deputy crown prince, and was recently credited with a “huge success” for President Donald Trump’s […]
Read moreTroubled Japanese conglomerate Toshiba on Wednesday announced it has selected a consortium led by the public-private Innovation Network Corporation of Japan (INCJ) as a preferred bidder for its prized memory chip business. The consortium consists of the INCJ, Bain Capital Private Equity and the Development Bank of Japan. In a statement, Toshiba said it determined […]
Read moreTesla on Tuesday confirmed that it had hired a major figure in artificial intelligence (AI) to be its new head of AI and Autopilot vision. Andrej Karpathy, who is joining from nonprofit research lab OpenAI, has done extensive work in trendy areas in AI such as reinforcement learning and generative adversarial networks (GANs). Before joining […]
Read moreThe founder and chairman of developer China Vanke, Wang Shi, said he will step down from the board following a long power struggle over the company’s ownership. “Today, Vanke announced a new board of directors of the candidate list. When I was considering the list of board of directors, I have decided to no longer […]
Read moreSouth Korea’s military said on Wednesday a drone found earlier this month on a mountain near the Demilitarized Zone border was confirmed to have been from North Korea and described it as a “grave provocation” that violated the Korean War truce. The drone crashed while returning to the North and was found equipped with a […]
Read moreAbout $17 billion to $18 billion should initially flow into mainland China’s stock market once some of those stocks are added to the key MSCI Emerging Markets Index, an MSCI executive said Tuesday. MSCI announced earlier Tuesday a long-awaited decision in favor of addingstocks, known as A shares, to the firm’s emerging markets index, which […]
Read morePro-Islamic State militants stormed a town and occupied a school in the southern Philippines early on Wednesday, a police officer said, on the same island where fighting between government troops and Islamist militants has entered its fifth week. Members of the Bangsamoro Islamic Freedom Fighters (BIFF) were engaged in a gun battle with the military, […]
Read moreBank of Japan policymakers agreed that the amount of government debt purchases will fluctuate under its quantitative easing program, minutes of the central bank’s April 26-27 policy meeting showed on Wednesday. Members also said such fluctuations do not pose problems for the BOJ’s guidance on its market operations, the minutes showed. Policymakers also expressed more […]
Read moreEven though Jim Cramer hates bonds for how boring they are compared to stocks, he cannot discount their intelligence when it comes to predicting day-to-day market activity. On Tuesday, investors watched as bonds rallied and interest rates fell, signaling a slowdown. And while the “Mad Money” host made a point of saying stocks are not […]
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