President Donald Trump said Thursday he is “very disappointed” following a report that China may have run afoul of international sanctions by providing oil to North Korea. In a tweet, Trump warned that “there will never be a friendly solution” to North Korea’s nuclear and missile programs “if this continues to happen!” A South Korean […]
BEIJING — China said on Thursday that it would temporarily exempt foreign companies from paying tax on their earnings, a bid to keep American businesses from taking their profits out of China following Washington’s overhaul of the United States tax code. There is, however, a catch: To be eligible, foreign companies must invest those earnings […]
An important provision of the tax cut legislation passed by Congress this week allows the American people to finally benefit from abundant petroleum resources that experts predict will be found in a very small area of the Arctic National Wildlife Refuge (ANWR) on Alaska’s northern coast. The legislation directs the Interior Department to hold at […]
Oh, by gosh, by golly, it’s time for the Santa rally. According to “Stock Trader’s Almanac,” the Santa rally officially begins Friday, the start of the final five trading days of 2017, and ends at the close Jan. 3, the end of the second trading day of the new year. Some strategists are saying humbug […]
WASHINGTON – U.S. home sales increased more than expected in November, hitting their highest level in nearly 11 years, the latest indication that housing was regaining momentum after almost stalling this year. The report on Wednesday from the National Association of Realtors also added to data ranging from the labor market to retail sales that […]
Amazon.com Inc. may already be the largest apparel retailer and could still grow to sales between $45 billion and $85 billion by fiscal 2020, according to Instinet analysts. Instinet analysts led by Simeon Siegel estimate overall apparel and accessories sales at above $1 trillion with “above average” online penetration and “leading gross margin” compared with […]
Regulator says it’s probing 10 cases involving private funds CSRC cites misuse of Shanghai-Hong Kong stock connect China’s securities regulator is cracking down on the fast-growing hedge-fund industry, investigating 10 cases of alleged wrongdoing.
Bangladesh’s finance minister said late on Saturday he wanted to “wipe out” a Philippines bank that was used to channel $81 million stolen from the Bangladeshi central bank’s account with the Federal Reserve Bank of New York last year. Abul Maal A. Muhith was responding to questions from reporters about a Reuters story on Friday […]
Crown Prince, key backer of Vision Fund, consolidating power But a reversal may raise questions about continued investment Billionaire Masayoshi Son may be getting closer to achieving his dream of making SoftBank Group Corp. the world’s biggest investor in technologies. The reason has to do with the main patron of Son’s $100 billion investment plan, Saudi Arabia’s […]
Dec.11 — Mary Nicola, investment strategist and senior economist for Asia at Aviva Investors, discusses Fed policy, inflation and her out for markets in 2018. She speaks on “Bloomberg Markets: Middle East.”
Bitcoin futures launched on Cboe Global Markets Sunday, with the cryptocurrency surging. January Bitcoin futures rose 15% to $17,840 in active trading. Bitcoin’s big 2017 run has intensified in recent weeks, rapidly rising from $10,000 to last week clearing $17,000 last week — above $19,000 on some spot-price platforms — before pulling back. Bitcoin was trading at $16,270.93, CoinDesk, […]
Electric-car start-up Lucid Motors is doubling the size of its offices and is moving into Tesla ‘s neighborhood. The company, which is not yet selling any cars, is moving from its current headquarters in Menlo Park, California, to a new facility in the nearby city of Newark. Lucid Motors announced the move on its blog on Monday. […]
