After two rollercoaster weeks in equity markets, shares have posted gains in three consecutive trading session and may be heading for a fourth. Continue Reading Below Dow Jones futures were rising by 0.61%. The S&P 500 added 0.45% and the Nasdaq Composite was up 0.50%. Stocks on Tuesday rose for […]
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European official: Digital currencies inefficient way to pay
FRANKFURT, Germany – A top European monetary official says digital currencies are no substitute for conventional money issued and managed by central banks. Continue Reading Below Jens Weidmann said in a speech Wednesday that digital currencies such as Bitcoin are not good means of payment because their values fluctuate so […]
Kuwait to give $2 billion in loans, investments for Iraq
KUWAIT CITY – Kuwait’s ruling emir said on Wednesday that his oil-rich nation will give $1 billion in loans and $1 billion in direct investments to help rebuild Iraq, a stunning donation as only a generation ago Saddam Hussein invaded the small, oil-rich nation. Continue Reading Below Sheikh Sabah Al […]
South African police raid Gupta home, pressure cranks up on Zuma
FILE PHOTO: President of South Africa Jacob Zuma attends the 54th National Conference of the ruling African National Congress (ANC) in Johannesburg, South Africa December 16, 2017. REUTERS/Siphiwe Sibeko/File Photo February 14, 2018 By Ed Cropley and Olivia Kumwenda-Mtambo JOHANNESBURG (Reuters) – Heavily armed South African police raided the luxury […]
Trump’s personal lawyer said he paid porn star Stormy Daniels out of his own pocket
President Donald Trump’s longtime personal lawyer, Michael D. Cohen, said on Tuesday that he had paid $130,000 out of his own pocket to adult film star Stephanie Clifford, the New York Times reported. In a statement, Cohen said the Trump Organization and the Trump campaign were not involved in the […]
Charges vs. teacher who allegedly forced student to stand for Pledge
LAFAYETTE, Colo. — A Boulder Valley School District teacher now faces child abuse and assault charges for allegedly forcing a child to stand for the Pledge of Allegiance earlier this month, CBS Denver reports. Lafayette police say Karen Smith, a physical education teacher at Angevine Middle School, grabbed a boy by […]
Russia and China are developing ‘destructive’ space weapons, US intelligence warns
Within the next few years, Moscow and Beijing could possess “destructive” weapons for use in a potential space conflict, U.S intelligence agencies warned in a report on Tuesday. The two United Nations Security Council members are pursuing “anti-satellite weapons as a means to reduce U.S. and allied military effectiveness,” the […]
Credit Suisse CEO on controversial volatility trades: ‘It worked well for a long time until it didn’t’
Credit Suisse is defending a controversial financial product it issued that played a role in the staggering market losses last week. People shorted volatility at their own risk, Credit Suisse CEO Tidjane Thiam told CNBC on Wednesday, when asked about the losses suffered by investors who held shares of complex […]
Eric Trump: ‘The lowest of the low’ abuse women
President Donald Trump takes allegations of domestic abuse “very seriously,” according to the president’s son Eric Trump. “There’s no question about it,” Eric Trump told Rita Cosby Tuesday during a radio interview on “Curtis and Cosby” on New York City’s WABC Radio. The president’s son’s remarks following the departure of […]
Asian stocks closed mixed; Nikkei slips as yen rises to a 15-month high
Asian markets closed mixed and the dollar slid to multi-month lows against the yen on Wednesday. The Nikkei 225 closed lower by 0.43 percent, or 90.51 points, at 21,154.17 after reversing gains seen earlier. The index fell as much as 1.42 percent at one point and touched its lowest levels […]