Asian stocks closed slightly lower on Wednesday following President Donald Trump’s announcement that the U.S. would pull out of the Iran nuclear deal, as oil prices rose to multi-year highs. Japan’s Nikkei 225 declined 0.44 percent, or 99.81 points, to close at 22,408.88 as most sectors traded in negative territory, […]
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An almost certain rate hike from the Bank of England looks set to be postponed
The Bank of England’s (BOE) Monetary Policy Committee (MPC) meets Thursday and is expected to keep interest rates unchanged, marking a sharp turnaround from early projections just a few weeks ago. A month ago, short-term interest rates had been pricing in another 25 basis point rate hike with near certainty […]
Sonic the Hedgehog is set to make a comeback — this time in a movie
Sonic the Hedgehog, the iconic Sega game character, is set to soon make his comeback in a big way. The blue hedgehog, who derived his name from the speed abilities he possesses, will be starring in a Sonic-focused movie — a partnership between Paramount Pictures and Sega — that is […]
‘Greed usually overcomes fear’ when it comes to investing in the Gulf, says Bahrain development head
Despite tumultuous events in the Middle East, the financial gains offered to investors usually trump concerns about the region’s stability, the chief executive of the Bahrain Economic Development Board (EDB) told CNBC Wednesday. “Greed usually overcomes fear, investors do a risk-reward analysis and they’ve always seen the reward,” Khalid Al […]
Wall Street’s first analyst to cover bitcoin is now urging caution on the cryptocurrency
Wall Street’s first analyst to cover bitcoin has a new recommendation for investors: Avoid it. Speaking with CNBC, DataTrek Research co-founder Nick Colas cited lackluster fundamentals surrounding what he calls the “FANG stock of the crypto world.” FANG, references Facebook, Amazon, Netflix and Alphabet’s Google, the highest flying and most […]
Ford is scrambling to limit the impact of stopping F-Series production
Just as auto sales start to heat up, Ford is facing the daunting prospect of seeing a major drop in the supply of its best selling and most profitable vehicle, the F-150 pickup truck. Final assembly of the F-150 is crippled by the lack of critical components after a fire […]
GOP leaders breathe sigh of relief as ex-convict Blankenship concedes West Virginia Senate primary
Republican leaders have avoided their worst fear in West Virginia. Trailing his two rivals Tuesday night, ex-convict Don Blankenship conceded in the West Virginia Republican Senate primary. State Attorney General Patrick Morrisey is projected to beat Rep. Evan Jenkins for the nomination, according to NBC News. Blankenship’s defeat allows Republicans […]
Job site operator Glassdoor to be acquired by Japan’s Recruit for $1.2 billion
Japanese HR services provider Recruit Holdings said on Wednesday it has agreed to buy popular California-based job site operator Glassdoor for $1.2 billion to tap into its database of company reviews and salary data. Privately held Glassdoor, founded in 2007, last raised funds in 2016, valuing the company at $1 […]
Secretary of State Mike Pompeo is expected to return with Americans held in North Korea: Official
U.S. Secretary of State Mike Pompeo is expected to return with three Americans held in North Korea, a South Korean presidential official said on Wednesday. The official said that during Pompeo’s visit to North Korea he was expected to finalise the date of an unprecedented summit planned between U.S. President […]
Most Asian shares edge lower after Trump announces plan to withdraw from Iran deal
Asian stocks were listless on Wednesday following President Donald Trump’s announcement that the U.S. would pull out of the Iran nuclear deal, with most markets posting slight declines in morning trade. Japan’s Nikkei 225 declined 0.37 percent, as most sectors traded in negative territory, although gains were seen in the […]