An overhaul of the U.S. tax system could help promote growth but structural reforms need to be made, the secretary general of the Organisation for Economic Co-operation and Development (OECD) told CNBC at the World Economic Forum in Davos, Switzerland. “On the face of it you’re talking about lowering corporate […]
FAN Editor
Major Asian indexes close mostly higher; dollar index falls below 90
Asian markets closed mostly higher on Wednesday as the dollar continued its decline against a basket of other currencies. Most indexes in the region had recorded significant gains in the last session. The Nikkei 225 slid 0.76 percent, or 183.37 points, to close at 23,940.78 one day after the index […]
Asian shares mixed on renewed jitters over trade friction
TOKYO – Asian shares were mixed on Wednesday, as Japan’s benchmark took a rest from a spate of recent jumps. Worries over a resurgence of trade tensions overshadowed regional markets. Continue Reading Below KEEPING SCORE: Japan’s benchmark Nikkei 225 slipped 0.8 percent to finish at 23,940.78, while Hong Kong’s Hang […]
Tennis: Halep roars back to dismantle Pliskova
Tennis – Australian Open – Quarterfinals – Rod Laver Arena, Melbourne, Australia, January 24, 2018. Simona Halep of Romania shakes hands with Karolina Pliskova of Czech Republic after Halep won their match. REUTERS/Edgar Su January 24, 2018 MELBOURNE (Reuters) – Top seed Simona Halep recovered from a slow start before […]
Hindu groups call for all-India protest ahead of controversial movie release
A police officer tries to detain a member of Rajput youth wing during a protest against the release of the upcoming Bollywood movie “Padmaavat” in Ahmedabad, India, January 23, 2018. REUTERS/Amit Dave January 24, 2018 (Reuters) – Indian right wing Hindu groups intensified protests against the release of a controversial […]
Blast near Save the Children aid group office in Afghanistan, official says
Vehicles are seen on fire after a blast in Jalalabad, Afghanistan January 24, 2018.REUTERS/Parwiz January 24, 2018 JALALABAD, Afghanistan (Reuters) – Attackers set off a car bomb near the office of the Save the Children aid agency in the eastern Afghan city of Jalalabad on Wednesday and then clashed with […]
Pacific Rim trade pact makes step toward new deal without US
TOKYO – Leaders of countries in a Pacific Rim trade pact rejected by President Donald Trump are welcoming progress on a final agreement to press ahead without U.S. Continue Reading Below Officials said Wednesday that the accord reached in Tokyo clears the way for signing a Trans-Pacific Partnership deal by […]
Chinese e-commerce giant JD is considering a dual listing for its logistics business
China’s second-largest e-commerce firm, JD.com, could take its logistics business public and it may consider a dual listing, the company’s chief said this week. Speaking to CNBC in Davos, Switzerland at the annual World Economic Forum meeting, JD Founder and CEO Richard Liu said considerations were being made for the […]
Europe’s in its best shape for a decade — and its huge stimulus program is looking a little dated
The European Central Bank (ECB) is slowly moving toward an exit to its massive bond-buying program as the economy is doing far better than expected, and more and more members of its Governing Council seem convinced that extra stimulus should be withdrawn sooner rather than later. The ECB is unlikely […]
2018 global growth to roll to highs not seen in eight years: poll
The global economy is expected to grow at a robust pace this year and reach an altitude not seen since 2010, as momentum builds in developed economies and inflation revives, Reuters polls of over 500 economists showed. Continue Reading Below Major central banks are expected to move away from ultra-easy […]