Image 1 of 2 ▼ China is trying to defuse a spiraling tariff war with Washington over technology policy by highlighting gains in other trade-related areas. Continue Reading Below The Cabinet press office invited The Associated Press to interview the head of the country’s patent and copyright office, as part […]
FAN Editor
Exclusive: Big Australian fund manager divests Commonwealth Bank over misconduct
FILE PHOTO: A Commonwealth Bank of Australia logo adorns the wall of a branch in Sydney, Australia, May 8, 2017. REUTERS/David Gray/File Photo September 5, 2018 By Jonathan Barrett SYDNEY (Reuters) – Wealth manager Perpetual Ltd <PPT.AX> said it has divested Commonwealth Bank of Australia <CBA.AX> from its A$1.3 billion […]
Typhoon kills 10 in Japan, boats move stranded passengers from airport
A tree damaged by Typhoon Jebi is seen in front of Heian Shrine in Kyoto, western Japan, in this photo taken by Kyodo September 4, 2018. Kyodo/via REUTERS September 5, 2018 TOKYO (Reuters) – A powerful typhoon killed 10 people in western Japan and an airport company started to transfer some […]
Canada to stick to guns at NAFTA talks despite Trump pressure
FILE PHOTO: The flags of Canada, Mexico and the U.S. are seen on a lectern before a joint news conference on the closing of the seventh round of NAFTA talks in Mexico City, Mexico, March 5, 2018. REUTERS/Edgard Garrido/File Photo September 5, 2018 By David Lawder and David Ljunggren WASHINGTON/OTTAWA […]
Asian stocks sink after Wall Street losses
Image 1 of 2 ▼ Asian stocks sank Wednesday after Wall Street declined on losses for tech and health care companies. Continue Reading Below KEEPING SCORE: The Shanghai Composite Index lost 0.9 percent to 2,725.26 and Tokyo’s Nikkei 225 shed 0.2 percent to 22,653,30. Hong Kong’s Hang Seng fell 1.7 […]
Egypt can handle the emerging markets downturn ‘up to a limit,’ finance minister says
Amid a brewing storm for emerging markets, Egypt’s finance minister believes his country’s economy can weather what has thrown many others into crisis — as long as the underlying causes don’t get any worse. Speaking to CNBC’s Hadley Gamble in Cairo, the recently-appointed Mohamed Maait discussed what the current market […]
Emerging market currencies keep tumbling, but experts say fears of contagion may be overblown
Emerging market currencies succumbed to a sell-off again on Tuesday, with currencies tumbling across the board — some to new record lows. Among the worst hit was Indonesia’s rupiah, which fell to a new two-decade low on Tuesday at 14,940 against the dollar, then recovered slightly to 14,925 by Wednesday […]
Embattled blood-testing firm Theranos is reportedly set to dissolve
Embattled blood-testing company Theranos will soon formally dissolve, the Wall Street Journal reported on Tuesday, citing a shareholder email. The Silicon Valley firm will attempt to pay unsecured creditors its remaining cash in the coming months, the report said, adding that big name investors had lost about $1 billion. Theranos […]
New Bob Woodward book paints portrait of a chaotic and paranoid White House
President Trump described Attorney General Jeff Sessions as a “traitor” and “mentally retarded” to aides, according to an explosive new book by veteran journalist Bob Woodward. It’s just one anecdote from Woodward’s 448-page book, “Fear: Trump in the White House,” based on hundreds of hours of interviews with current and […]
Saudi Arabia is said to aim to keep crude in $70 to $80 band
Saudi Arabia wants oil to stay between $70 and $80 a barrel for now as the world’s biggest crude exporter strikes a balance between maximizing revenue and keeping a lid on prices until U.S. congressional elections, OPEC and industry sources said. After announcing the flotation of Saudi Aramco in 2016, […]