How does a business full of brilliant engineers sell products in a human rather than a geeky way, in a manner that appeals to your average Joe but doesn’t alienate hard-core fans? It’s a problem that many technology companies face. At Chinese business Lenovo, the company has relied on the steadiness of its computers to […]
Read moreEconomic disruptions caused by a back-to-back pummeling from hurricanes in the United States may just seal the deal for the Federal Reserve to hold interest rates intact for the rest of this year, experts told CNBC on Monday. Hurricane Irma is still making its way up Florida’s coast, but Goldman Sachs and Bank of America-Merrill […]
Read moreChina is starting to roll back measures meant to prop up its currency after a recent surge in the yuan erased all of last year’s losses. Starting today, the central bank has scrapped a reserve requirement rule on trades called currency forwards, making it cheaper for investors to buy dollars while selling the yuan. Banks […]
Read moreSouth Korea has gaps in its countermeasures against North Korean missiles — with or without America’s state-of-the-art defense system in place. South Korea and the United States had to overcome political resistance from locals and diplomatic and economic pushback from China in order to get the anti-missile system known as THAAD deployed in South Korea. […]
Read moreMyanmar finds itself increasingly isolated diplomatically as violence against the country’s Muslim minority Rohingya spurs a humanitarian crisis, but an analyst said the country has found one prominent ally: India. Over the weekend, the United Nations appealed for aid as the number of Rohingya fleeing into southern Bangladesh neared 300,000 after the upsurge of violence […]
Read moreDisaster relief for the victims of Hurricanes Irma and Harvey isn’t just about immediate necessities like food, clean water and shelter. It could also come wrapped up in the tax code. Texas Republican Rep. Kevin Brady, head of the House Ways and Means Committee, is floating several proposals intended to provide relief for those suffering […]
Read moreCurrency, United States Finance
From Wall Street to Main Street: Goldman reportedly eyes UK to deepen its push into retail banking
Goldman Sachs is looking to expand its retail banking offerings to the U.K., and aims to start an online deposit business around the middle of 2018, the Financial Times reported on Sunday. The move is planned as an expansion of the bank’s Marcus by Goldman Sachs brand, a digital consumer-lending platform that it launched last […]
Read moreSeptember so far is living up to its reputation as the market’s cruelest month. Major indexes are uniformly negative so far, with the once-untouchable tech shares leading the way lower. Things don’t get any easier, even though it looked like Monday was going to get off to a strong start. As Hurricane Irma tears its […]
Read moreNorth Korea warned on Monday the United States would pay a “due price” for spearheading a U.N. Security Council resolution against its latest nuclear test, as Washington presses for a vote on a draft resolution imposing more sanctions on Pyongyang. South Korean officials have said after the North’s sixth nuclear test on Sept. 3, which […]
Read moreAsia markets on Monday are expected to digest headlines concerning developments out of the People’s Bank of China and European Central Bank announced at the weekend. Nikkei futures traded in Chicago were up 0.44 percent at 19,360, while Osaka futures were off 0.54 percent at 19,170, at 6:20 a.m. HK/SIN. That compared with the Nikkei […]
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