Eastern Europe is a new frontier for private medical care, and insurers and tech startups are racing to steal a march on their rivals by harnessing the region’s health data.
Asian stocks had their best session in weeks on Thursday, as the United States and Iran backed away from the brink of conflict in the Middle East and investors reversed their flight to safety.
U.S. President Donald Trump said last week that the ‘phase one’ deal with China, which will reduce U.S. tariffs in exchange for a boost in Chinese purchases of certain American goods, would be signed on Jan. 15. Long positions on the Chinese yuan were at their highest since March last year, a poll of 16 respondents showed. “Given that the Chinese yuan is holding below the 7.0 level against the U.S. dollar, that is offering some measure of support for regional currencies,” Han Tan, a market analyst at FXTM said. …read more […]
The diverging fundamentals of U.S. oil and natural gas can be seen dramatically in the markets, where the oil-to-gas price ratio has surged to its highest in six years.
China’s FAW Group [SASACJ.UL] aims to double its annual sales of Chairman Mao Zedong’s carmaker of choice, Hongqi, or Red Flag, to 200,000 units this year and grow them further to 1 million cars in the next decade, its chairman Xu Liuping said.
South Korea’s Samsung Group, whose leader faces trials over a bribery scandal involving former president Park Geun-hye, has appointed external experts to a new oversight panel to stamp out criminal conduct, the chief of the committee said on Thursday.
Oil prices climbed on Thursday after a rocket attack on Baghdad triggered fresh concern over the potential for conflict in the Middle East, a day after markets were roiled by an Iranian missile strike on Iraqi bases hosting U.S. forces.
(Bloomberg) — Indian equities rose, tracking global markets, as the price of crude oil, the nation’s biggest import, steadied after the U.S. and Iran appeared to be stepping back from a military conflict.The S&P BSE Sensex Index advanced 1.1% to 41,247.01 as of 9:33 a.m. in Mumbai. Global stocks rallied after U.S. President Donald Trump on Wednesday said that he would impose new sanctions on Iran while offering the country a diplomatic opening. The NSE Nifty 50 Index also rose by 1.1%.India’s monthly factory output data, due Friday, along with earnings from Infosys Ltd. marking the start of quarterly reporting …read more […]
Macy’s is reportedly closing more than two dozen stores in the next couple months, according to local media reports. Is your store on the list? …read more […]
Japan’s justice minister launched a rare and forceful public takedown of auto executive-turned-fugitive Carlos Ghosn after he blasted the country’s legal system as allowing him “zero chance” of a fair trial as he sought to justify his escape to Beirut.
(Bloomberg) — American Express Co. cleared a key hurdle in its bid to accessing China’s $27 trillion payments market after the central bank accepted its application to start a bank card clearing business.The People Bank of China made the announcement on its official Wechat account Wednesday, without giving more details. The decision to accept the application signals that it’s moving closer to final approval.AmEx in November 2018 became the first foreign company to win permission to start preparation for the business after forming a joint venture with LianLian, a Chinese fintech-services firm.The latest move shows progress in U.S. payment networks’ …read more […]
Asian stocks rebounded on Thursday and oil edged up as the United States and Iran backed away from the brink of further conflict in the Middle East and investors unwound safety plays.
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