North Korea’s economy grew at its fastest pace in 17 years in 2016, South Korea’s central bank said on Friday, despite the isolated country facing international sanctions aimed at curbing its defiant pursuit of nuclear weapons. Gross domestic product (GDP) in North Korea last year rose 3.9 percent from the previous year when the economy […]
Read moreAs a presidential candidate, Donald Trump turned China’s currency into a campaign issue, but Republican political stumbles are now strengthening the yuan. Analysts said the newly resurgent Chinese currency, which has been slowly trending higher since May, was all about the dollar’s sudden weakness. “Just looking at a chart of the pair might lead one […]
Read moreThe recent outbreak of hawkishness by policymakers in the western world does not automatically mean that interest rates need to rise in Australia, a top central banker said on Friday. Canada’s central bank increased interest rates to 0.75 percent this month while the U.S. Federal Reserve has raised rates four times over the past two […]
Read morePresident Donald Trump’s lawyers are looking for ways to hit back at special counsel Robert Mueller’s Russia investigation, media outlets reported on Thursday. Trump’s legal team has been probing the backgrounds of investigators on the case as well as checking for any potential conflicts of interest that could foil Mueller’s inquiry, the Washington Post and […]
Read moreSouth Korea’s LG Chemical is expected to be the sole supplier of batteries for Apple’s iPhone 9, which is due next year, according to a report in The Korea Economic Daily. The report is notable because Apple is known for a “multi-vendor strategy” for its components. Citing industry insiders, The Korea Economic Daily said LG […]
Read moreSouth Korea’s proposed military talks aimed at easing tensions between the two Koreas planned for Friday failed to take place after North Korea snubbed a call by the South, a setback for new President Moon Jae-in’s hope of engaging Pyongyang in dialogue. South Korea’s Defense Ministry was expected to issue a statement at 0130 GMT […]
Read moreSix teenagers from a Burundi robotics team have been reported missing after an international competition in Washington and two of them were seen entering Canada, police said on Thursday. The four males and two females were last seen late on Tuesday afternoon when the robotics contest ended at the FIRST Global Challenge, police said. Authorities […]
Read moreCurrency, United States Finance
Strong earthquake of magnitude 6.7 strikes off Turkey coast, two reported killed in Greece
A powerful earthquake of magnitude 6.7 killed two people when it struck near major Turkish and Greek tourist destinations inthe Aegean Sea on Friday, Turkish and Greek officials said. The quake, which struck at 1:31 a.m. (2231 GMT on Thursday), was located off the southwestern coastal city of Marmaris in the Mugla province, the USGS […]
Read moreHomebuilder stocks could see further upside, according to one strategist who sees a strong environment for the homebuilders despite a rough trading day on Thursday. Matt Maley, equity strategist at Miller Tabak, is watching homebuilder stocks closely following Wednesday’s U.S. housing starts data, showing that housing starts rose 8.3 percent to a seasonally adjusted annual […]
Read moreJim Cramer has noticed that there are times when investors decide that certain stocks are not worth owning regardless of their fates, and a lot of the time, it is because of Amazon. “Yet, as is so often with this market, you can’t really see the losses on the surface because the money simply rotates […]
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