On Monday, when a judge questioned the agency why it had waited two years to charge Volkswagen AG after a global scandal connected to vehicle emissions, the U.S. Securities and Exchange Commission defended the pace of its examination. In March, the former chief executive, Martin Winterkorn accused Volkswagen of defrauding investors in U.S. bond offerings. …
SEC: U.S SEC Shields Volkswagen Suit after Emission Scandal Read More »
SAMSUNG – The second-quarter operating profit of Samsung Electronics Co Ltd probably plummeted, according to company forecast. The company cited the disruptive US-China trade war as the primary reason for the plunge, with the trade dispute adversely affecting the global chip and smartphone markets. However, the company believes the figure will beat analyst expectations thanks …
On Thursday, pushing world stocks to new 18-month highs and on bets the U.S. Federal Reserve would cut interest rates this month and that other major central banks would embrace looser monetary policy, the government bonds held near multi-year lows. In the wake of their recent rally and with Germany’s 10-year Bund yields just off …
ECB President: Euro Wary on Expected Fed Rate Cuts Read More »
On Wednesday, as initial enthusiasm over the latest U.S.-China trade truce was overtaken by fresh concerns over Washington’s threat of tariffs on additional European goods, Asian shares plunged. A day after weaker factory readings worldwide, with South Korea’s trade-reliant economy cutting its economic growth and export targets, global growth concerns also limit investor confidence. In …
Asian Shares Decline as Trade Confidence Diminishes Read More »
On Tuesday, after data showed manufacturing activity slowed last month and weakened appetite for risk, stocks gained only a little amid worries the global economy was faltering. Up for a fourth straight day, the MSCI’s All Country World Index that tracks stocks in 47 countries was higher by 0.03%. After the agreement of the two …
GDP: Fears on Slowing Global Growth Strain Asian Shares Read More »
On Monday, within a growing dispute over South Koreans forced to work for Japanese firms during World War Two, exports of high-tech materials used in smartphone displays and chips to South Korea will be tighten by Japan, an industry ministry said. On Thursday, slowing the export process by several months, hitting South Korean tech giants, …
Japan to Constrict Tech Material Exports for South Korea Read More »
Nike Inc. shares decreased by more than 3% after the release of financial results on Thursday. The company which is famous around the world for its apparel reported a fourth-quarter net income of $989 million or 62 cents a share. It means that during the same period of time last year, income was $1.14 billion …
Nike stocks, trade war and the protests in China Read More »
On Friday, Asian shares slipped. Meanwhile, markets became more uncertain whether the highly anticipated meeting between US President Donald Trump and Chinese President Xi Jinping could result to better trade relations. Signs of rising risks to global growth came out with uncertainty over whether the talks will result into progress in ending the year-long trade …
Asian Shares Weaken, Gold Advances on Trump-Xi Conflict Read More »
European stocks fell again for the fourth time in a row on Wednesday. Expectations of an interest rate cut by the US Federal Reserve collapsed after the remarks from its officials. Fed Chairman Jerome Powell said that the US central bank is “insulated from short-term political pressures.” This pushed back the pressure from US President …
Concerns for the new global clean air rules causing transport disruption. It has brought forward the shipment of armchairs and sofas from China by two months. This issue is taken seriously by the U.S. furniture company RC Willey Home Furnishings. On January 1, tougher regulations came into effect as the United Nations shipping agency and …
On Tuesday, with the persisting conflict in the Middle East, gold prices strengthened in Asia. August delivery of Gold futures increased by about 1.5% at $1,439.30. The Comex division of the New York Mercantile Exchange reported the increase. Spot gold climbed up 0.3% at $1,402.50 per ounce, bearing a fifth straight session of gains. Gold …
Gold Nears 6-year High as US-Iran Strain Persists Read More »
On Tuesday, an annual general meeting for Nissan Motor shareholders will be held, expecting everyone to back-up the Chief Executive of the company known as Hiroto Saikawa after its alliance partner Renault had a corporate scandal that diminished client confidence. Last year, after the dismissal of former Chairman Carlos Ghosn, the first annual shareholders meeting …
Nissan Shareholders backs Saikawa against Renault’s petition Read More »
Asian stocks fell on Thursday led by the result of the second session in the Hong Kong market. Click here now! – Wibest Broker
Infineon plans to purchase Cypress Semiconductor Corp in latest Chip Mega-deal. Click here for more information! – Wibest Broker
STOCK VALUES: Stocks around the globe declined on Friday while bonds jumped as a result of investor panic after US President Donald Trump’s shock threat of tariffs on Mexico. This also risked putting the United States into recession. Moreover, lackluster China data also contributed to investor jitters. Markets were aggressive in pricing deeper rate cuts …
Stock Values: World Stocks Tumble on Trump Threat Read More »
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