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 […]
CNBC News
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better than expected, and more and more members of its Governing Council seem convinced that extra stimulus should be withdrawn sooner rather than later.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 […]
Modi’s Davos address may have taken a subtle dig at China
Indian Prime Minister Narendra Modi highlighted his country’s democratic strengths in what some analysts interpreted as a dig at China during an address to global government and business leaders. Modi — the first Indian prime minister to attend the annual World Economic Forum meeting in Davos, Switzerland since 1997 — […]
Officials urge calm after chicken sample from Hong Kong vendor tests positive for bird flu virus
A chilled chicken sample from mainland China found to contain a bird flu virus was confirmed on Tuesday to have been sold by a Hong Kong vendor, but officials stressed the contamination was unlikely to sicken consumers. A spokesman for the Food and Environmental Hygiene Department announced that the H5 […]
‘Real’ Rosie the Riveter dies at 96
It’s an iconic image of solidarity during WWII that has become an enduring symbol of female empowerment. Now, The New York Times reports the woman who inspired the “Rosie the Riveter” poster, a California waitress named Naomi Parker Fraley, has died. Fraley passed away on Saturday at 96 in Longview, […]
Chinese news outlets like to steal my stories — but they probably won’t take this one
A decade ago, almost everything could be downloaded for free in China: from music and books, to movies and software. But today, there’s an increasing awareness of intellectual property rights in the country, as China tops the rest of the world in patent filings. In fact, the world’s second-largest economy […]
Southeast Asia is hugely at risk of cyberattacks. It’s not doing enough about that, report says
Member countries of the Association of Southeast Asian Nations need to significantly step up their spending on cybersecurity to tackle digital threats, according to a new report. Not doing so can potentially cost the top 1,000 companies in the region about $750 billion in market capitalization, and derail digital innovation. […]
Major Asian indexes trade mixed; dollar index briefly slips below 90
Asian markets traded mixed early on Wednesday after Wall Street closed mostly higher as investors stateside focused on earnings releases. The Nikkei 225 slipped 0.45 percent after the index hit a fresh 26-year high on Tuesday. The decline came as the yen firmed. Major automakers, financials and manufacturing companies recorded […]
Now is the best time to invest in bitcoin, says digital currency hedge-fund manager
Market watchers should invest in bitcoin now that prices are down, says BK Capital Management founder Brian Kelly. “Now, when everyone is saying … it’s over, that’s it, bitcoin is dead, for the 175th time. Now’s the time you start looking at it, on the buy side,” Kelly, portfolio manager […]