Search Results for: U.S. economy
The South Korean Miracle
February 26th, 2016
Most people around the world know Korea because of the threat for world stability that is posed by Kim-Jong un, the young leader of Pyongyang, North Korea. Indeed, it is a serious threat, especially for the people living in ...
Asia markets mostly higher; Sharp drops 15% on takeover deal
February 26th, 2016
Asian markets were mostly higher Friday, with Japan extending gains from the previous session and Australia closing flat. Market watchers will be focused on a two-day gathering of G20 finance ministers and central bankers in Shanghai that kicked off ...
Brexit could wipe 20% off sterling: HSBC
February 25th, 2016
Separating from the European Union could trigger a 20 percent drop in sterling and shave 1.5 percentage points off the British economy, HSBC has warned. The doom-laden report released Wednesday outlined the worst-case scenario if voters were to approve a ...
Apple Goes to the Supreme Court
February 25th, 2016
The Justices should hear the e-book antitrust case. The Supreme Court may consider as early as Friday whether to take an appeal of one of the great antitrust abuses of recent decades, and the economic import is far larger ...
Saudi Oil Minister Surprises OPEC with Tough Line on Prices
February 25th, 2016
Prepared for $20 a barrel to force production cuts outside the Middle East, Says al Naimi Saudi Arabian Oil Minister Ali al-Naimi surprised fellow members of the Organization of the Petroleum Exporting Countries on Tuesday when he said the ...
Asia trades lower as market sentiment falls, ASX slips 2%, Shanghai down 1%
February 24th, 2016
Asia stocks traded mostly down Wednesday morning, with a combination of low oil prices, concerns over China and weak overnight data weighing on market sentiment. In Japan, the benchmark Nikkei 225 retraced losses over 1.7 percent early on to trade down ...
Asia shares edge ahead with oil, pound slips
February 22nd, 2016
Asian share markets edged cautiously higher on Monday as investors awaited a rush of February industry surveys to take the pulse of the global economy, while sterling suffered on concerns the UK might yet vote to leave the European ...
Why the Chinese Yuan Will Lose 30% of its Value
February 19th, 2016
The stark truth is nobody wants yuan any more. The U.S. dollar (USD) has gained over 35% against major currencies since 2011. China’s government has pegged its currency, the yuan (renminbi) to the USD for many years. Until mid-2005, ...
Gold rebounds from three-day slide ahead of Fed minutes
February 18th, 2016
Gold held onto earlier gains and snapped three days of losses on Wednesday, after minutes of the U.S. Federal Reserve’s latest meeting showed policymakers considered changing their planned path of interest rate hikes in 2016. “If the recent tightening ...
Shares Jump From Europe to Japan as Oil Holds Rally; Yuan Soars
February 16th, 2016
Absence of post-holiday China selloff bolstered sentiment Draghi said ECB will act should turmoil hit price stability Stocks came back with a vengeance amid speculation losses that sent global equities into a bear market had gone too far, with ...
