Month: May 2020

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Asian shares started cautiously on Monday as central bank largesse globally boosted sentiment but rising trade tensions between the world’s two biggest economies dulled risk appetite. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1% with South Korea, Australia and New Zealand all starting higher. Japan’s Nikkei jumped 1.5% after the Nikkei newspaper reported the country was considering a fresh stimulus package worth over $929 billion that will consist mostly of financial aid programmes for companies hit by the coronavirus pandemic. …read more […]

Digital media companies have understood podcasts for years. Now tech giants are getting in late, but bringing big dollars to buy instant footholds. …read more […]

May.24 — Foreign Minister Wang Yi said the U.S. should give up its “wishful thinking” of changing China, warning that some in America were pushing relations to a “new Cold War.” The bilateral relations have worsened dramatically in the past few months as America became one of the countries worst hit by the coronavirus pandemic, which was first discovered in the Chinese city of Wuhan. Selina Wang reports on “Bloomberg Daybreak: Australia.” …read more […]

May.24 — Hong Kong protesters battled with riot police in busy downtown areas on Sunday, showing their opposition toward China’s dramatic move to crack down on dissent in the biggest demonstration since the coronavirus swept through the city in January. Stephen Engle reports on “Bloomberg Daybreak: Australia.” …read more […]

(Bloomberg) — The U.S. should give up its “wishful thinking” of changing China, Foreign Minister Wang Yi said, warning that some in America were pushing relations to a “new Cold War.”“China has no intention to change the U.S., nor to replace the U.S. It is also wishful thinking for the U.S. to change China,” Wang said Sunday during his annual news briefing on the sidelines of National People’s Congress meetings in Beijing. He also criticized the U.S. for slowing its nuclear negotiations with North Korea and warned it not to cross Beijing’s “red line” on Taiwan.The U.S.-China relationship has worsened …read more […]

May.24 — U.K. Prime Minister Boris Johnson gave his backing to adviser Dominic Cummings, whom he said acted with “integrity” in traveling during the lockdown to obtain childcare. Johnson also said some schools are ready to open on June 1 as the country prepares to move to its second phase of reopening. He spoke at a press conference from 10 Downing Street on Sunday. …read more […]

May.24 — Governor Andrew Cuomo says he doesn’t “believe this economy just bounces back” even as he marks new steps in reopening New York, and urges the state to rebuild better after the nation’s worst outbreak of Covid-19. He speaks at Jones Beach on Long Island. (Excerpts) …read more […]

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Several Americans shared their unemployment claims process struggles with Yahoo Finance, along with documents to corroborate how their experiences played out. …read more […]

(Bloomberg) — Oil slipped in Asia as an escalating war of words between the U.S. and China added to caution over the prospects for a global recovery in demand.Futures in New York fell 1.4%, adding to a 2% pullback on Friday. Chinese Foreign Minister Wang Yi warned that American leaders are potentially pushing toward a new Cold War, further stoking investor nerves after Beijing on Friday abandoned its annual growth target in 2020 due to the uncertain impact from the Covid-19 outbreak. The U.S. market is closed on Monday for the Memorial Day holiday.Prices still rose almost 13% last week …read more […]

(Bloomberg) — Currency markets and U.S. equity futures saw a placid start to trading early on Monday as traders monitored more signs of economies reopening around the world against a deepening of tensions between the U.S. and China.The Australian dollar and the offshore yuan edged lower, though trading will be light with holidays in the U.S., U.K. and Singapore. The U.S. should give up its “wishful thinking” of changing China, Chinese Foreign Minister Wang Yi said, warning that American leaders are potentially pushing toward a new Cold War. All eyes will be on equities in Hong Kong, where riot police …read more […]