- 2018-12-16 19:30:34Z
Asian share markets began the week on a cautious note after soft economic data from China and Europe added to evidence of cooling global growth and reinforced anxiety over the broadening impact of international trade frictions. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.1 percent in Monday trade, led by losses in China and Hong Kong. The CSI 300 of Shanghai and Shenzhen share index dropped 0.9 percent Other markets showed some resilience.
Dec.16 -- Fraser Howie, co-author of "Red Capitalism" and "Privatizing China," discusses the 40th anniversary of China's "reform and opening" and his outlook for China's economy. He speaks on "Bloomberg Daybreak: Asia."
Has the tobacco giant become an undervalued income investment?
Treasuries steadied just below 2.90 percent. U.S. equity futures edged up with stocks in Japan, while Australian shares slipped after a rough end to last week. Treasuries held last week's gains and the yen was steady after a bout of risk aversion that hammered global equities amid concern over the health of world economic growth.
Legislation quickly passed by North Carolina's lawmakers this week would prepare a path for Republicans to dump their nominee in a still-undecided U.S. House race marred with ballot fraud allegations. "I think (legislators are) worried that Mark Harris might be damaged goods and they want to
Gareth Nicholson of Bank of Singapore says the focus from this week's Federal Reserve meeting will likely be around the "discussions" as an actual interest rate hike is "probably baked in already."
Some of this comes from China's technology giants turning themselves into conglomerates. For years, China relied on cash subsidies to encourage development of key industries. As of the first half, various levels of the government had established 1,171 guidance funds, aiming to raise and deploy a staggering 5.9 trillion yuan ($856 billion) according to China Venture.
Trump and Rudy Giuliani used Twitter and television interviews to deliver a series of broadsides against special counsel Robert Mueller and federal prosecutors in New York. Giuliani said he was "disgusted" by the tactics used by Mueller in his probe into Russian election interference, including
Benzinga has featured looks at many investor favorite stocks over the past week. Bullish calls included a leading telecom and the FANG stocks. Bearish calls included a rival telecom giant and an oil supermajor. ...
The Bank of International Settlements (BIS), an umbrella group for the world's central banks, warned on Sunday that a normalization of monetary policy is likely to trigger a flurry of sharp sell-offs over the coming months. "The market tensions we saw during this quarter were not an isolated event," Claudio Borio, head of the monetary and economic department at the BIS, said in the report. The latest wave of heavy selling in financial markets is a clear sign of things to come, according to a new report from the world's oldest international financial organization.
Want to get your hands on the very first Mk.V Supra? Better get a ticket to Barrett Jackson's Scottsdale auction.
Rudy Giuliani Says 'Over My Dead Body' Trump Will Meet With Mueller
Senate Democrats Say Preventing a Government Shutdown Now Rides on Trump
Sticking with the themes of risk, leverage and asset prices that have long obsessed the Basel-based institution, the BIS took a look at financial cycles. Based on its analysis, in a piece co-written by Chief Economist Claudio Borio, it says this is a better recession-risk indicator than the term spread
Most Americans Think Trump Has Been Dishonest in Russia Probe
U.S. health-care stocks are poised for a potentially ugly trading session Monday as investors weigh in on a judge's ruling that Obamacare is unconstitutional. A judge sided with Texas Friday in a lawsuit alleging that Congress's decision in 2017 to kill a related tax penalty essentially voided the entire Affordable Care Act. While many analysts expect the ruling to be reversed by higher courts, the news adds to volatility in a sector that had barely recovered from political overhangs this year and yet remains the top performing sector in the S&P 500.
You can claim your Social Security benefits no matter where in the world you live, says Suzan Haskins , an International Living editor, so don't worry about losing eligibility. "You do not need to return to the States every few months, and the government does not require that you keep a U.S. address, although there are probably other very good reasons to do that," Haskins said. Many overseas banks will accept direct deposit of Social Security checks.
More than 40 people were injured in an explosion on Sunday night at a restaurant in northern Japan. The explosion occurred in Sapporo, the capital city of Japan's northern main island of Hokkaido, and caused nearby apartment buildings and houses to shake. Police said 42 people were injured, most of them mildly, though one was in serious condition. They were rushed to nearby hospitals for treatment. The cause of the explosion, which occurred at a two-storey restaurant in the Toyohira district, is under investigation, police said, adding that they had no further details. TV footage from Japanese public broadcaster NHK showed the restaurant in flames, with debris scattered on the...
A Government Shutdown Would Be Limited as Only Some Agencies Will Be Unfunded
The retailer lost its CEO and, perhaps more important, appears to have lost its way.
It pays to take advantage of your employer's generosity.
When the going gets tough in the Canadian marijuana market, there could be a surprising winner.
WASHINGTON/SAN FRANCISCO (Reuters) - In June 2006, the U.S. Federal Reserve raised interest rates for a 17th consecutive time but cushioned the increase with a strong signal that officials were ready to stop the tightening cycle. Each rate increase in the previous two years had come with a cue that the U.S. central bank would continue to lift borrowing costs, but at that policy meeting the Fed said any additional hikes would "depend on the evolution" of the economy. Now, as 2018 winds down with three rate increases on the books and another expected at the end of the Dec. 18-19 policy meeting, the Fed may be similarly preparing to call time on a rate hike cycle that has proved remarkable...
Mohammed bin Abdulrahman al Thani discusses Washington's move to reinstate sanctions on Iran.
You don't need a partner if you have all the marbles.
Investigations now entangle Donald Trump's White House, campaign, transition, inauguration, charity and business. For Trump, the political, the personal and the deeply personal are all under examination. Less than two years into Trump's presidency, his business associates, political advisers
Lawyers for the family of a 7-year-old girl who died while in U.S. Border Patrol custody say she did not suffer from a lack of food or water before being picked up by authorities. Border Patrol officials did not immediately comment Saturday. Jakelin Caal and her father were taken into custody Dec.
Outlook: U.S. Stocks Could Rally More Than 10% by Vito J. Racanelli makes the case that, after a gloomy 2018, Wall Street strategists are upbeat about the market's prospects next year. See what Barron's thinks that may mean for the likes of Prudential Financial Inc (NYSE: PRU) and T. Rowe Price Group Inc (NASDAQ: TROW). Andrew Bary's "Top 10 Stock Picks for 2019" claims that value managers see some of the best opportunities in years, and most of Barron's picks trade for 10 times forward earnings or less.
President Donald Trump, who was criticized last month for skipping a visit to a cemetery in France where US soldiers are buried, made an unscheduled visit Saturday to a military cemetery near Washington for a wreath-laying ceremony. Trump, who was in France to mark the 100th anniversary of the end of
Residents of Yemen's flashpoint port of Hodeida and other cities fear a UN-brokered ceasefire could collapse at any moment, saying that after four years of conflict any accord is deeply fragile. The Red Sea port of Hodeida, a main frontline between rebels and loyalist forces backed by a Saudi-led military coalition and a key conduit of aid, had woken to calm after weeks of confrontation. Saturday morning saw calm return to Hodeida, but shops and schools remained shuttered as gunmen deployed in the south and east.
MOSCOW (AP) - Alarmed by the growing popularity of rap among Russian youth, President Vladimir Putin wants cultural leaders to devise a means of controlling, rather than banning, the popular music.
Predicting is easy. Predicting accurately? Not so much. But here's the most likely scenario for this top marijuana stock's future.
These states could be "going green" within the next year.
Two brothers, Gary and Matt Percy, decided to start a Christmas tree farm. To clear the space, Canton Township alleges, the brothers cut down 1,500 trees - some of them "landmark" trees - without official permission. At the end of November, the Michigan Senate has passed a bill greatly restricting
Although U.S. West Texas Intermediate and international-benchmark Brent crude oil finished lower for the week, February WTI crude oil managed to hold the minor bottom at $50.31, while remaining well-above the main bottom at $49.60. February Brent crude oil held its minor bottom at $58.39 and its main bottom at $57.78. At the same time, WTI remained well-below its recent minor top at $63.71 and Brent under its last minor top at $63.71.
As he considers running for president, Joe Biden is talking with friends and longtime supporters about whether, at 76, he's too old to seek the White House, according to several sources who have spoken with the former Democratic vice president. The discussions suggest Biden is aware that his age
Reed O'Connor, appointed to the federal bench by President George W. Bush, ruled against Barack Obama's signature health-care law three times, dealing the most serious blow Friday when he declared the entire law unconstitutional and cast uncertainty on insurance coverage for millions of Americans. While
The decision Friday finding the Affordable Care Act unconstitutional comes at the tail end of a six-week open enrollment period for the program in 2019 and underscores a divide between Republicans who have long sought to invalidate the law and Democrats who fought to keep it in place. The White House
Former FBI Assistant Director Chris Swecker and John Yoo, former deputy assistant attorney general, discusses how Michael Flynn's legal team alleged that the FBI pushed Flynn not to have an attorney present during questioning.
Conservative author Jerome Corsi speaks out against The Daily Caller's article and discusses his lawsuit against special counsel Robert Mueller.
Bitcoin fell by 2.16% on Friday, following on from a 5.13% slide on Thursday, to end the day at $3,281.7. It's been a tough week, month and year for the Bitcoin bulls, with Bitcoin down 6.4% for the current week, 18.7% for the current month and a whopping 76.2% for the current year. In the words of Isaac Newton, 'what goes up must come down' and nothing has proven Isaac Newton's theory more than the cryptomarket.
Social media stars Diamond & Silk on why Congress should fund President Trump's border wall and the problems with special counsel Robert Mueller's Russia probe.
Attorney Cleta Mitchell and Fox News anchor Gregg Jarrett on how former FBI Director James Comey admitted to sending FBI agents to interview Michael Flynn without telling the White House.
WASHINGTON/NEW YORK (Reuters) - T-Mobile US Inc and Sprint Corp believe their foreign owners' offer to stop using Huawei Technologies equipment will help with the United States clearing their $26 billion merger deal, sources said, underscoring the lengths to which Washington has gone to shut out the Chinese company. Like all major U.S. wireless carriers, T-Mobile and Sprint do not use Huawei equipment, but their majority owners, Germany's Deutsche Telekom AG and Japan's SoftBank Group Ltd, respectively, use some Huawei gear in overseas markets.
The three major U.S. stock Indexes have all fallen more than 10% from their recent highs, enough to be considered a market correction. All three are in correction territory, having lost more than 10% during the past three months. Financial stocks, which are seen as a bellwether for other sectors, have fallen harder The S&P 500 Financial Sector Index, which tracks bank and financial services stocks in the S&P 500, closed down 1% Friday at $400.72.
According to a new report from the Congressional Budget Office, the next air-superiority fighter could cost about $300 million per unit. The sky-high price tag for the new jet, dubbed the Penetrating Counter Air, or PCA, is based on two factors, CBO said. The as-yet undesigned fighter would replace
Congress left town Thursday for a five-day weekend with no clear plans for how to avoid a partial government shutdown next week. Democrats said they were waiting for Republicans to make a move, Politico reported, while Republicans said they were waiting to hear from President Trump. Everybody's looking
DALLAS (AP) - Spirit Airlines tops the latest ratings for on-time flights, a big turnaround for a discount carrier that consistently ranked as the tardiest airline in America three years ago.
"I don't think you're going to get hurt that bad, I think it's going to work for you" to buy J&J if it falls another 10 percent on Monday, "Mad Money" host Jim Cramer says. "I think that the sellers of J&J aren't done, because they didn't do any homework," he says. Johnson & Johnson JNJ shares will keep falling on Monday and it could be an opportune time to buy, CNBC's Jim Cramer said on Friday.
Mueller Investigation Cost $25 Million So Far, Report Says. It's Pulled in $48 Million From Tax Cheats