October 17, 2017 By Christian Shepherd BEIJING (Reuters) – China’s Communist Party once shunned the rule of law, preferring to rely on what Chairman Mao Zedong called “rule of man” – essentially using the authority of party leaders to govern. In recent years, though, as China’s economy modernizes, the party has […]
FAN Editor
U.N. urges Bangladesh to move Rohingya refugees stranded at border
Rohingya refugees who crossed the border from Myanmar a day before, wash themselves in a rice field as they wait to receive permission from the Bangladeshi army to continue their way to the refugee camps, in Palang Khali, Bangladesh October 17, 2017. REUTERS/Jorge Silva October 17, 2017 By Stephanie Nebehay […]
Bad news for the bulls: There are now more bulls
The Investors Intelligence Bull/Bear ratio has climbed back above 4 for the first time since April 2015 — which ironically may serve as a bad sign for the market. “It does make me nervous, because we’re getting very, very frothy on these social indicators,” trader and strategist Boris Schlossberg of […]
J&J reports 11.9 pct fall in quarterly profit
Oct 17 (Reuters) – Johnson & Johnson, which completed its $30 billion acquisition of Swiss biotech Actelion in June, reported a 11.9 percent fall in quarterly profit as costs rose. Continue Reading Below The company’s net earnings fell to $3.76 billion, or $1.37 per share, in the third quarter from […]
UnitedHealth beats 3Q earnings forecast, hikes 2017 guidance
UnitedHealth Groups’ third-quarter earnings soared 26 percent to beat Wall Street expectations as its growing Optum business segment once again helped the nation’s largest health insurer. Continue Reading Below The Minnetonka, Minnesota, company earned nearly $2.49 billion as revenue grew 9 percent to $50.32 billion. Adjusted earnings totaled $2.66 per […]
Volvo’s electric car brand Polestar unveils first model
BEIJING – Volvo Cars’ performance electric car brand, Polestar, unveiled its first model Tuesday, adding to competition in a market dominated until now by Tesla. Continue Reading Below The hybrid Polestar 1, a four-seat coupe with a lightweight carbon-fiber body, promises a range of 150 kilometers (95 miles) on a […]
The Note: Fake news or real, the Trump-McConnell bromance was on display
The TAKE with Rick Klein When President Trump declared that he’s “closer than he’s ever been” to Senate Majority Leader Mitch McConnell the two men were practically touching each other. Real or fake, temporary or lasting, the fact that Trump chose to highlight this particular alliance just days after Steve […]
Rape allegation makes Muslim teen’s death a capital case
An already disturbing case about a 17-year-old Muslim girl killed as she walked to her mosque took another unsettling turn after an indictment alleged the victim was raped as well. The indictment Monday includes capital murder and rape charges and will allow prosecutors to pursue a death-penalty case against Darwin […]
China factories grapple with soaring prices as pollution crackdown bites
Visitors walk between booths at the Canton Fair in Guangzhou, China October 16, 2017. Picture taken October 16, 2017. REUTERS/Venus Wu October 17, 2017 By James Pomfret and Venus Wu GUANGZHOU, China (Reuters) – Chinese exporters at the country’s biggest trade fair are more optimistic about global demand now than […]
New Jakarta governor faces backlash for racially tinged speech
Presidential guards walk with (L-R) Indonesia President Joko Widodo and Jakarta Governor Anies Baswedan for a swearing-in ceremony at the Presidential Palace in Jakarta, Indonesia, October 16, 2017. REUTERS/Beawiharta October 17, 2017 By Kanupriya Kapoor and Agustinus Beo Da Costa JAKARTA (Reuters) – The new governor of Indonesia’s capital faced […]