In a show of commitment to a more open market, China’s central bank governor on Tuesday criticized protectionism in the country’s financial sector just hours ahead of MSCI’s decision on whether to include Chinese mainland shares to its benchmark emerging markets index. “From the experience of many countries, including our own, protections will lead to […]
Read moreBillionaire Li Ka-shing, nearly 89 years old, plans to retire as chairman of conglomerate CK Hutchison by next year, the Wall Street Journal reported on Tuesday, citing people briefed by the storied businessman. His son, Victor Li, the company’s deputy chairman, has been tapped as his successor at the conglomerate, the report said. CK Hutchison […]
Read moreIn the latest saga of the family feud dominating Singaporean politics, Prime Minister Lee Hsien Loong has announced he will be answering questions in parliament to clear the air amid abuse of power allegations. Nearly a week after his siblings publicly denounced him for engaging in dynasty politics, the PM has urged all members of […]
Read moreAlthough many investors are still uneasy about the state of the global economy, Goldman Sachs Chairman and CEO Lloyd Blankfein says things actually seem to be looking up. “I’d say things are pretty good,” Blankfein told “Mad Money” host Jim Cramer on Monday. “If you looked at things statistically, you looked at the numbers, you […]
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Why Amazon is buying Whole Foods Whole Foods will eventually be part of Amazon CEO Jeff Bezos’s empire. Or will it? Some Wall Street analysts are starting to wonder whether another retailer will come up with a higher offer and start a bidding war. Source: cnn Could there be a bidding war for Whole Foods?
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Timeline: The rise and fall of Yahoo What on earth is Altaba? This odd-sounding moniker (AltabaVista? Jessica Altaba?) is the new name for what’s left of Yahoo. Source: cnn So long, Yahoo. Hello … Altaba?
Read more[unable to retrieve full-text content]E Trade Financial 160 ETFC saw impressive growth across key metrics in May The brokerage saw a significant rise in trading volumes both from the previous month 8 and year over year 42 during the month The acquisition of OptionsHouse in July 2016 continued to contribute Source: nasdaq E-Trade's Growth In […]
Read moreInvestors betting on a strong pickup in economic growth might want to consider a new forecast hitting Wall Street on Monday. The New York Federal Reserve now expects U.S. economic growth at an annualized rate of 1.9 percent for the second quarter, down from a 2.3 percent forecast. The bank also expects annualized growth of […]
Read more[unable to retrieve full-text content]Benchmarks mostly finished in the green on Friday with the Dow posting its 21st record close of the year headed by gain in energy shares Decline in consumer staple shares pared some gains on the broader markets after Amazon announced plans to purchase Whole Foods Market Additionally Source: nasdaq Stock Market […]
Read more[unable to retrieve full-text content]Monday June 19th 2017 Back when National Front leader Marine LePen failed to win the latest presidential election in France American supporters of President Trump may have found themselves feeling some level of disappointment initially After all both candidates were thought of as Source: nasdaq European Optimism Continues
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