U.S. money manager Invesco may announce a deal to purchase Guggenheim Partners’ exchange-traded fund business on Thursday, the Financial Times reported on Wednesday, citing two people familiar with the matter. Invesco is expected to pay between $1.1 billion and $1.3 billion in cash for the purchase, which has yet to be finalized, the newspaper said, […]
Read moreCommerce Secretary Wilbur Ross told CNBC that the White House isn’t in chaos, its transition was “normal,”‘ and he blamed the news media for being too focused on Washington. “Anytime you have a new administration, particularly a shift from one party that had been in the administration for eight years to another one, you’re bound […]
Read moreAsia markets on Wednesday are likely to focus on Federal Reserve Chair Janet Yellen’s overnight speech as North Korea tensions take a backseat. Fed Chair Janet Yellen’s speech on Tuesday was regarded as slightly hawkish by market watchers after she said the central bank had to continue raising interest rates gradually in the face of […]
Read moreThe United States will see its gross domestic product rise by 1 percent if the government can get tax reform “right,” according to the commerce secretary. Getting U.S. tax reform right is important, because it could add nearly $3 trillion in federal government revenue in the next decade, Wilbur Ross said on Wednesday. Beyond the […]
Read moreChina does not need the “preferential treatment” on trade today that would’ve been justified decades ago, U.S. Commerce Secretary Wilbur Ross told CNBC on Wednesday. Ross said the U.S. doesn’t mind competition — but that it wants the race to be “on a fair and level playing field.” The United States made a policy decision […]
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India’s economic growth hit a three-year low during the April-June period, enveloping Prime Minister Narendra Modi in a barrage of criticism for poor execution of major reforms such as the recent national sales tax and demonetization. But a new World Economic Forum study indicates his government has made progress in strengthening overall business sentiment. The […]
Read moreIt is no secret that the bulk of Ivanka Trump’s merchandise comes from China. But just which Chinese companies manufacture and export her handbags, shoes, and clothes is more secret than ever, an Associated Press investigation has found. In the months since she took her White House role, public information about the companies importing Ivanka […]
Read moreA conflict on the Korean peninsula would have “catastrophic consequences”, and Russia’s foreign ministry is working “behind the scenes” on finding a political solution to the North Korea crisis, the RIA news agency cited a senior Russian diplomat as saying on Tuesday. Cited by RIA, Mikhail Ulyanov, the head of the non-proliferation and arms controls […]
Read moreNorth Korea appears to have boosted defenses on its east coast, South Korea’s Yonhap news agency said on Tuesday, after the North said U.S. President Donald Trump had declared war and that it would shoot down U.S. bombers flying near the peninsula. Tensions have escalated since North Korea conducted its sixth and most powerful nuclear […]
Read moreOil prices near $60 a barrel could stabilize the energy market and signal for investors to invest and develop petroleum fields, according to a senior executive at a major Iranian state-owned oil company. Saeid Khoshrou, director of international affairs at the National Iranian Oil Company, told CNBC on Tuesday that low, fluctuating prices in the […]
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