Brent crude prices consolidated recent gains at around $70 a barrel on Tuesday, a level not seen since 2014’s dramatic oil market slump. Continue Reading Below Prices have been driven up by production curbs in OPEC nations and Russia, as well by robust demand on the back of healthy global […]
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Panama Hotel votes to drop Trump _ but his company won’t go
WASHINGTON – An attempt to oust President Donald Trump’s hotel business from managing a luxury hotel in Panama has turned bitter, with accusations of financial misconduct. Continue Reading Below Trump Hotels is contesting its firing, and its staff ran off a team of Marriott executives invited last month to visit […]
Asian stocks advance as investors look ahead to US earnings
BEIJING – Asian stock markets were mostly higher Tuesday following a holiday for U.S. markets as investors looked ahead to American corporate earnings. Continue Reading Below KEEPING SCORE: The Shanghai Composite Index rose 0.3 percent to 3,420.80 and Tokyo’s Nikkei 225 added 0.8 percent to 23,905.40. Hong Kong’s Hang Seng […]
Dow futures are pointing to a big open
Dow futures traded significantly higher late Monday night, pointing to a strong Tuesday showing for U.S. stocks. At 12:10 p.m. HK/SIN, Dow Jones industrial average e-mini futures were higher by 0.69 percent, or 178 points, ahead of American markets re-opening for trade after the long weekend. U.S. stocks had soared […]
Japan investigates how to evacuate citizens from South Korea in crisis report
Japan is examining how to evacuate its roughly 60,000 citizens from South Korea in the event of a crisis that closes airports, with military ships being used as shuttles, a Japanese newspaper reported on Tuesday. North Korea’s pursuit of its military and nuclear programs in defiance of U.N. Security Council […]
Tennis: Prize money row rumbling behind scenes at Melbourne Park
January 16, 2018 MELBOURNE (Reuters) – Six-times Australian Open champion Novak Djokovic is leading calls for players to be given a greater share of the sport’s revenues and have their own union independent of the Association of Tennis Professionals (ATP), a report in the Daily Mail said. Djokovic, who is […]
Asian shares shrug off losses, euro near three-year top
A woman walks in strong wind caused by Typhoon Lan, past an electronic board showing the graphs of the recent movements of Japan’s Nikkei average outside a brokerage in Tokyo, Japan, October 23, 2017. REUTERS/Issei Kato January 16, 2018 By Lisa Twaronite TOKYO (Reuters) – Asian shares pushed higher on […]
China lifts 63-day reverse repo rate in line with other maturities
FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration/File Photo January 16, 2018 SHANGHAI (Reuters) – China’s central bank lifted the interest rate on 63-day reverse repurchase agreements, or reverse repos, used for open market operations by 5 basis points on Tuesday, […]
U.S. warned Jared Kushner about Wendi Deng Murdoch
U.S. counterintelligence officials in early 2017 warned Jared Kushner, President Donald Trump’s son-in-law and senior adviser, that Wendi Deng Murdoch, a prominent Chinese-American businesswoman, could be using her close friendship with Mr. Kushner and his wife, Ivanka Trump, to further the interests of the Chinese government, according to people familiar with the matter. […]
Countries are ‘specifically targeting’ China with ‘protectionism,’ says wealth fund chief
China is increasingly facing resistance within countries where it’s trying to invest, according to a top official at the country’s sovereign wealth fund. China Investment Corporation (CIC) will probably gain investment opportunities thanks to an ongoing global economic recovery, but it is also “facing more difficulties and challenges” related to […]