“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 […]
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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 […]
SoftBank reportedly plans $18 billion IPO of its mobile phone unit this year
SoftBank Group plans to list its mobile-phone business and raise some $18 billion, the Nikkei newspaper said, a spin-off that would complete the Japanese telecoms conglomerate’s transformation into a global technology investor. The parent will sell some 30 percent of SoftBank. It plans to apply to the Tokyo Stock Exchange […]
North Korean media threatens Olympics pull out after Seoul praises Trump
Pyongyang could still pull out from the upcoming Winter Olympics, a North Korean media outlet threatened in response to recent “ill-boding” remarks by South Korean President Moon Jae-in. Moon’s praise of President Donald Trump in a speech last Wednesday chilled the atmosphere for North-South reconciliation, according to the state-run Korean […]
North Korean news agency threatens Olympics pullout after Seoul praises Trump
Pyongyang could still pull out from the upcoming Winter Olympics, a North Korean media outlet threatened in response to recent “ill-boding” remarks by South Korean President Moon Jae-in. Moon’s praise of President Donald Trump in a speech last Wednesday chilled the atmosphere for North-South reconciliation, according to the state-run Korean […]
JPMorgan Chase’s Dimon walks back Trump one-term prediction, says Dems don’t have a deep 2020 bench
JP Morgan Chase CEO Jamie Dimon walked back a previous prediction that President Donald Trump would only serve one term, telling Fox Business in an interview that the Democrats don’t appear to have a particularly deep bench of contenders for the 2020 general election. When asked by Fox Business’ Maria […]
A ‘big money indicator’ is pointing to more record highs for stocks: Bank of America
If you’re worried about the market’s record run coming to an end, one Bank of America strategist says fear not— because there’s a strong technical case for a rally through 2018. According to Stephen Suttmeier, chief equity technical strategist at Bank of America, the advance-decline line of the S&P 500 […]