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Business News

Japan curbs could drag on, hurt global economy: Moon

July 10, 2019 admin Comments Off on Japan curbs could drag on, hurt global economy: Moon

Japan’s export curbs on key materials used by South Korean tech companies could drag on despite diplomatic efforts to end the dispute, South Korea’s president said on Wednesday, pledging to help firms to reduce their reliance on Japanese suppliers.

…read more […]

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Business News

Bond yields creep higher as markets wait for Fed signals

July 10, 2019 admin Comments Off on Bond yields creep higher as markets wait for Fed signals

Shares were treading water on Wednesday while rising Treasury yields kept the dollar steady, as investors waited to hear whether the world’s most powerful central banker would confirm or confound expectations for a U.S. rate cut this month.

…read more […]

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Business News

China June exports seen falling, adding to fears of global slowdown: Reuters poll

July 10, 2019 admin Comments Off on China June exports seen falling, adding to fears of global slowdown: Reuters poll

China’s exports likely fell in June as weakening global demand and a sharp hike in U.S. tariffs took a heavier toll on the world’s largest trading nation, a Reuters poll showed.

…read more […]

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Business News

Oil gains after U.S. stockpiles drop, rigs evacuated

July 10, 2019 admin Comments Off on Oil gains after U.S. stockpiles drop, rigs evacuated

Oil prices rose on Wednesday after industry data showed U.S. stockpiles fell far more than expected, alleviating concerns about oversupply, while major U.S. producers evacuated rigs in the Gulf of Mexico ahead of a brewing storm.

…read more […]

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Business News

Oil rises on falling U.S. stockpiles, Gulf storm forecast

July 10, 2019 admin Comments Off on Oil rises on falling U.S. stockpiles, Gulf storm forecast

Oil prices rose on Wednesday after industry data showed U.S. stockpiles fell far more than expected, alleviating concerns about oversupply, while major U.S. producers evacuated rigs in the Gulf of Mexico ahead of a brewing storm.

…read more […]

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Business News

Asia shares count on Powell to stay accommodative

July 10, 2019 admin Comments Off on Asia shares count on Powell to stay accommodative

Asian shares pulled ahead on Wednesday while rising Treasury yields lifted the dollar as investors waited anxiously to hear if the world’s most powerful central banker would confirm or confound expectations for U.S. easing this month.

…read more […]

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Business News

British billionaire Dyson snaps up Singapore’s priciest penthouse

July 10, 2019 admin Comments Off on British billionaire Dyson snaps up Singapore’s priciest penthouse

British billionaire and inventor of the bagless vacuum cleaner James Dyson has bought the most expensive apartment in Singapore, where his company plans to build an electric car.

…read more […]

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Business News

Apple starts China app development program in services business push

July 10, 2019 admin Comments Off on Apple starts China app development program in services business push

Apple Inc has started a program in Shanghai to help Chinese developers create apps as part of the iPhone maker’s efforts to build out its services business in one of its most critical overseas markets.

…read more […]

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Business News

Corporate activist Elliott outspending rivals: Lazard data

July 10, 2019 admin Comments Off on Corporate activist Elliott outspending rivals: Lazard data

Elliott Management Corp, Paul Singer’s $35 billion hedge fund, has outspent all rivals in pushing for corporate changes like spin-offs, mergers, and management overhauls this year.

…read more […]

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Business News

Fed chief likely to focus on trade-inspired policy shift in testimony

July 10, 2019 admin Comments Off on Fed chief likely to focus on trade-inspired policy shift in testimony

The U.S. Federal Reserve over the course of its 105-year history has changed monetary policy in reaction to property crashes, war, financial bubbles and policymakers’ gut instincts about where the economy was heading.

…read more […]

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Business News

Chinese movie-ticketing leader Maoyan says to boost film investment, Tencent partnership

July 10, 2019 admin Comments Off on Chinese movie-ticketing leader Maoyan says to boost film investment, Tencent partnership

Maoyan Entertainment , China’s leading movie-ticketing platform, said it would boost investment in the domestic film industry and deepen its partnership with Tencent Holdings Ltd , as it works to halt a downturn at cinemas.

…read more […]

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Business News

Asia shares cautious in case Powell closes rate door

July 10, 2019 admin Comments Off on Asia shares cautious in case Powell closes rate door

Asian shares turned mixed on Wednesday while rising Treasury yields lifted the dollar as markets wondered if the world’s most powerful central banker would confirm or confound expectations for U.S. policy easing this month.

…read more […]

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Business News

British billionaire Dyson buys Singapore’s priciest penthouse

July 10, 2019 admin Comments Off on British billionaire Dyson buys Singapore’s priciest penthouse

British billionaire James Dyson, inventor of the bagless vacuum cleaner, has bought Singapore’s most expensive penthouse, official records show.

…read more […]

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Business News

Japan export curbs could be prolonged, says South Korea’s Moon

July 10, 2019 admin Comments Off on Japan export curbs could be prolonged, says South Korea’s Moon

South Korea’s president said on Wednesday Japan’s export curbs on key materials used by South Korean technology firms could be prolonged and Seoul will help companies reduce their reliance on Japanese suppliers.

…read more […]

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Business News

Oil prices rise as data shows bigger-than-expected fall in U.S. stockpiles

July 10, 2019 admin Comments Off on Oil prices rise as data shows bigger-than-expected fall in U.S. stockpiles

Oil prices rose on Wednesday, led by U.S. crude after an industry group reported that U.S. stockpiles fell for a fourth week in a row, alleviating concerns about oversupply amid global trade tensions.

…read more […]

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