Articles by admin

No Picture
Trading Ideas

Stocks, U.S. Futures Rise as Trade Talks Near: Markets Wrap

October 8, 2019 admin Comments Off on Stocks, U.S. Futures Rise as Trade Talks Near: Markets Wrap

(Bloomberg) — Stocks rose in Asia with U.S. futures following confirmation from China about the country’s high-level delegation heading for trade talks with the U.S. in Washington later this week.European futures also advanced, while the yuan rose in Shanghai. Treasury yields ticked up. Equity benchmarks saw solid gains from Tokyo and Seoul to Shanghai and Hong Kong — where trading showed little concern about the violence in public protests. Crude oil gained to around $53 a barrel in New York.Technology shares led gains in Asia in the wake of Samsung Electronics Co. posting earnings that beat analyst estimates, with news …read more […]

No Picture
Trading Ideas

Iraq May Be the Next Flash Point for Oil Markets

October 8, 2019 admin Comments Off on Iraq May Be the Next Flash Point for Oil Markets

(Bloomberg Opinion) — It’s now been a week since mass protests sprang up in southern Iraq, sparking unrest that has left dozens dead and continues to flare. What began as spontaneous expressions of discontent over high unemployment, government corruption and Iranian involvement in Iraqi affairs has quickly turned into a movement that could soon have severe consequences for global oil markets. This new danger comes just as supply concerns following last month’s attacks on a key Saudi Arabian facility have begun to die down.Southern Iraq is home to most of Iraq’s oil industry and the protests have reached the city …read more […]

No Picture
Trading Ideas

SoftBank's Damage From Uber, WeWork Could Exceed $5 Billion

October 8, 2019 admin Comments Off on SoftBank's Damage From Uber, WeWork Could Exceed $5 Billion

(Bloomberg) — Masayoshi Son’s startups have had a rough few months, from a botched initial public offering by WeWork to a sharp decline in shares of Uber Technologies Inc. Now analysts are beginning to calculate that the damage for Son’s SoftBank Group Corp. will likely reach into the billions of dollars.Mitsubishi UFJ Morgan Stanley Securities Co. cut its profit estimate for SoftBank’s Vision Fund, its main investment vehicle, by 580 billion yen ($5.4 billion) to an operating loss of 367.6 billion yen for the September quarter, citing declines in the stock prices of Uber and Slack Technologies Inc. and the …read more […]

No Picture
Business News

China’s Hikvision resolutely opposes U.S. blacklisting: state media

October 8, 2019 admin Comments Off on China’s Hikvision resolutely opposes U.S. blacklisting: state media

Chinese state media said on Tuesday video surveillance firm Hikvision resolutely opposes the U.S. move to blacklist the firm, saying the decision has no basis in fact. The U.S. Commerce Department on Monday placed 28 Chinese public security bureaus and companies – including Hikvision – on a U.S. trade blacklist over Beijing’s treatment of Uighur Muslims and other minorities.

…read more […]