European markets are expected to start trade mixed to slightly higher on Friday morning, as investors gear up for more data releases, while taking note of the positive trading seen overseas. The U.K.’s FTSE 100 is expected to open 4 points lower at 7,426, while the German DAX is set to start on a positive […]
Read moreWhen President Donald Trump walked away from the Trans-Pacific Partnership, he set off a series of geopolitical recalculations across Asia. The U.S. withdrawal from the TPP had widely been considered a political boon for China, and that has lead countries such as Japan to worry they’ll lose influence. “Some Chinese officials saw the TPP as […]
Read moreGreece wants nothing more than to avoid another bailout — which means it needs debt relief. And so far, that’s the sticking point. “There is now light at the end of the tunnel,” Greek Finance Minister Euclid Tsakalotos said hopefully in June. After months of wrangling, the European Union and International Monetary Fund had just […]
Read moreOfficially, the starting pistol has yet to be fired for an election. But in Malaysia’s palm oil plantations, the battle for key votes is well underway. Seeking re-election, Malaysian Prime Minister Najib Razak in July offered cash hand-outs and debt relief to palm oil farmers, a show of government largess that political commentators say is […]
Read moreSix months after Japan’s premier Shinzo Abe bonded with Donald Trump on a golf course amid hopes he’d be a pragmatic partner, a consensus is emerging that Tokyo must reduce risks from the unpredictable president by forging ties with his more mainstream advisors. The increasing controversies surrounding Trump coincide with rising tension over North Korea’s […]
Read moreA former vice-chairman of China’s securities regulator, Yao Gang, is being investigated for taking bribes, the official China Daily said, citing the prosecutors’ office. Yao was one of the most senior figures arrested in a crackdown on suspected stock manipulation in late 2015, after the mid-year collapse of the Chinese stock market following a long […]
Read moreA private survey on China’s manufacturing activity will be released on Friday at 9.45 a.m. SIN/HK as market watchers keep their eyes on the world’s second-largest economy ahead of a key leadership meeting in October. The Caixin/Markit manufacturing Purchasing Managers’ Index was expected to dip slightly to 50.9 in August from 51.1 in July, according […]
Read moreLaunches of new digital currencies, known as initial coin offerings (ICOs), have shaken up social and economic order, created hidden financial risks, and in some cases may amount to fraud, China’s National Internet Finance Association said. ICO investors should be wary and report any suspected crimes to police, the state-backed association said in the latest […]
Read moreA senior administration official says President Donald Trump has prepared a request to Congress for an initial $5.9 billion package in Harvey recovery aid. The official says the White House proposal, which is not final, would make sure there’s plenty of money available for immediate recovery efforts over the next several weeks. The White House […]
Read moreAsia traders on Friday will be looking to a sliding dollar and advancing U.S. equities following the release of stateside data. Other major news from the U.S. included Treasury Secretary Steven Mnuchin saying that a “very detailed” tax plan had been prepared by President Donald Trump’s administration. In the Thursday interview with CNBC, Mnuchin also […]
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