Inflation in New Zealand slowed by more than expected in the second quarter, sending the local dollar sharply lower and likely to reinforce the central bank’s resolve to keep interest rates steady at record lows for some time. Consumer price inflation was flat in the second quarter, below the 0.2 percent expected by analysts in […]
Read moreChina has started commercial production of its deadliest drone for overseas users, and it could be a rival to US remotely piloted vehicles, according to a Chinese drone researcher. Wang Song, an associate professor with the school of aeronautic science and engineering at Beihang University, said the first flight of a mass-produced CH-5 Rainbow on […]
Read moreChina’s banking regulator will tighten control over risks in the financial markets, work more closely with the central bank and other regulators, and “resolutely follow” the leadership of a newly-formed financial stability committee, it said late on Monday. The China Banking Regulatory Commission’s comments come after President Xi Jinping said on Saturday that the central […]
Read moreSilicon Valley’s most powerful imagination belongs to a very powerful CEO. That’s according to recent data from job search firm Paysa, which used IBM’s supercomputer Watson to determine that Apple CEO Tim Cook is the tech industry’s “most imaginative” leader. Cook is followed by Amazon’s Jeff Bezos, Oracle’s Larry Ellison and Cisco’s Chuck Robbins. It’s […]
Read moreMagnitude 7.8 quake between Russia and Alaska to cause tsunami waves: Pacific Tsunami Warning Center
The U.S. Pacific Tsunami Warning Center said Monday evening that a magnitude 7.8 earthquake had occurred off the coast of Russia’s Kamchatka Peninsula. “Based on preliminary earthquake parameters… hazardous tsunami waves are possible for coasts located within 300 km (186 miles) of the earthquake epicenter,” the center wrote in an official message. Tsunami waves, however, […]
Read moreGlobal fund managers are ramping up their presence in China, aiming to be well ahead of next June’s inclusion of mainland-listed stocks into MSCI’s benchmark index that is set to boost investment into the economy’s $8 trillion equity market. Wells Fargo Asset Management, Neuberger Berman, Fidelity International and Robeco are among fund houses sharpening their […]
Read moreMonday’s proxy fight between activist investor Nelson Peltz and the board of consumer goods giant Procter & Gamble captivated plenty of market-watchers, including Jim Cramer. “There’s no glossing over it,” the “Mad Money” host said. “But let’s not lose sight of the prize here as the market stands at what I regard as a truly […]
Read moreIt’s that time again! Jim Cramer rang the lightning round bell, which means he gave his take on callers’ favorite stocks at rapid speed: Groupon: “I think there’s real worth here. I still think the stock could get to $5. The business is better than people think.” Exelixis: “Development-stage biotech company. You know from Alder […]
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Monday’s proxy fight between activist investor Nelson Peltz and the board of consumer goods giant Procter & Gamble captivated plenty of market-watchers, including Jim Cramer. “There’s no glossing over it,” the “Mad Money” host said. “But let’s not lose sight of the prize here as the market stands at what I regard as a truly […]
Read moreNetflix overwhelmingly beat its projections for new subscribers this quarter, an impressive feat considering that Q2 has traditionally been its slowest quarter for adding subscriptions. The company welcomed 5.2 million subscribers this past quarter, putting it at 104 million subscribers worldwide. The announcement on Tuesday widely exceeded the company’s estimate of 3.2 million. Q2 has […]
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