Amid the morass of parliamentary moves to influence the course of Brexit, a proposal has emerged that has raised eyebrows as it reportedly involved collaboration between both “Leave” and “Remain” wings of the bitterly divided ruling Conservative Party. After the UK-EU Brexit deal was roundly rejected by the House of Commons earlier this month, individual […] Read more
By Peter Valdes-Dapena Nissan makes the best-selling electric car in the world to date. Over 380,000 Nissan Leafs have been sold, and that model is now in its second generation. But the Leaf remains Nissan’s only widely available electric car. In an encouraging sign that the arrest of its former CEO Carlos Ghosn has not […] Read more
By Catherine Bosley Yale’s Robert Shiller says Elizabeth Warren harmed her chances by calling for higher taxes on the ultra-wealthy. Taxing the ultra-rich more heavily as proposed by U.S. presidential hopeful Elizabeth Warren probably won’t work, according to Nobel laureate Robert Shiller. The widening gap between the rich and the poor and its effect in […] Read more
By Nguyen Dieu Tu Uyen Vietnam won’t devalue the dong to boost exports even as the U.S.-China tension starts to hurt Southeast Asia’s trade-reliant economies. “We will keep the dong stable,” Vietnamese Prime Minister Nguyen Xuan Phuc said in an interview with Bloomberg TV’s Haslinda Amin. “That’s our policy.” Investors, both domestic and international, have […] Read more
By Tami Luhby The world’s billionaires are growing $2.5 billion richer every day, while the poorest half of the global population is seeing its net worth dwindle. Billionaires, who now number a record 2,208, have more wealth than ever before, according to an Oxfam International report published Monday. Since the global financial crisis a decade […] Read more
Investors in British stocks turned their focus from political to company developments on Thursday as results from software firm Sage, Primark owner ABF, and bookmaker GVC triggered big moves and weak house sales data dented shares in housebuilders. The FTSE 100 <.FTSE> was down 0.4 percent by 0825 GMT, extending Wednesday’s fall, while the mid-cap […] Read more
China and the United States have made plans for face-to-face consultations over trade in January, the Chinese commerce ministry said on Thursday, as the world’s two biggest economies advanced efforts to resolve a months-long trade war. Consultations through “intensive” telephone calls will continue in the meantime, Gao Feng, spokesman at the commerce ministry, told reporters, […] Read more
European shares rose cautiously at the open with gains in the banking and the pharmaceutical sectors lifting the market amid speculation the U.S. Federal Reserve will take a dovish stance towards monetary policy at a meeting later on Wednesday. The pan-European STOXX 600 <.STOXX> index was up 0.3 percent by 0825 GMT after four straight […] Read more
Stocks extended their slump in early Asian trade on Monday, with U.S. equity futures off to a softer start for the week as worries over U.S.-China trade tensions battered investor sentiment. S&P futures were down 0.6 percent and the Dow futures lost 0.7 percent, while Australian stocks <.AXJO> declined 0.9 percent. White House trade adviser […] Read more
Bitcoin’s value has plunged by three-quarters this year, sending the original and biggest cryptocurrency back to levels not seen before its bubble. And price isn’t the only aspect of trading that has changed. The retail investors behind bitcoin’s dizzying ascent to a record of nearly $20,000 last December have fled, leaving the early adopters and […] Read more
