Most major indexes in Asia closed higher on Monday after Wall Street closed out last week at records and the dollar continued to struggle. The Nikkei 225 rose 0.26 percent, or 61.06 points, to close at 23,714.88, despite the yen’s climb higher. Financial names rose in the session, but automakers […]
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Xiaomi could go public in the second half of 2018 at a $100 billion valuation
Chinese smartphone maker Xiaomi has picked Citic Securities, Goldman Sachs and Morgan Stanley as joint sponsors for its proposed IPO, IFR reported. The initial public offering could be the world’s biggest tech float this year — valuing the company at up to $100 billion – and is expected to come […]
Trump earns ‘high marks’ from UBS for his economic policies
Swiss bank UBS said Monday that President Donald Trump deserves praise for his pro-growth policies. Those efforts in making the U.S. a more business-friendly economy, which include the recently passed tax reform, are often under-appreciated, said Mike Ryan, UBS Wealth Management’s chief investment officer for Americas. But the president has […]
The West has ushered in a world order it does not like
In spite of giving the world the currency it needs and making a net contribution to the global economy of 10 trillion dollars over the 27 years since the end of the Cold War, America is accused by its European allies of a selfish withdrawal from world affairs. With an […]
Ireland to UK companies: We can fix your Brexit problems
Ireland says it can help U.K. companies that are concerned about losing the right to sell products into the European Union after Brexit comes into effect. “We’re saying to people, if there are difficulties, Ireland can be part of the solution for passporting,” Michael D’Arcy, minister of state at Ireland’s […]
China is very upset about a Marriott loyalty program questionnaire
“What if a Chinese enterprise listed Alaska or Hawaii as an independent country rather than a state of the United States?” a Beijing-owned newspaper asked Sunday amid a political ruckus spurred by foreign companies. Just as those territories are part of the U.S., the recent China Daily editorial argued, Hong […]
Hong Kong’s leader defends a plan many say undermines independent legal system
Hong Kong’s leader said Monday that anyone who objects to the installation of a Chinese checkpoint at a local railway station is fundamentally ill-informed. Protests erupted in the former British colony on New Year’s Day after Beijing lawmakers voted to allow Chinese immigration checks and the enforcement of Chinese laws […]
Singapore central bank head: I hope cryptocurrency tech will survive ‘the crash’
The head of Singapore’s central bank said on Monday he hoped the technologies underpinning cryptocurrencies such as blockchain would not be undermined by an eventual crash in the digital money. The city-state has been positioning itself as a hub for fintech — or financial technology —but has urged “extreme caution” […]
Trump insists: ‘I’m not a racist’
President Donald Trump said on Sunday that he is “not a racist” despite reports of his derogatory comments about immigrants from Haiti and Africa, adding that he was “ready, willing and able” to reach a deal to protect immigrants brought to the United States as children. Asked by a reporter […]
Asian shares gain as the dollar remains on the back foot
Major indexes in Asia notched gains on Monday after Wall Street closed out last week at records and the dollar remained on the back foot. The Nikkei 225 rose 0.54 percent as technology and financial names rose early in the session. Automakers proved to be a mixed picture. Shares of […]