US Justice Department charges Panasonic unit with anti-bribery law violations
The U.S. Justice Department filed criminal charges against a unit of Panasonic on Monday, alleging the company falsified its financial books and records in order to conceal payments to sales agents in China and other parts of Asia. The charges...
March pending home sales barely rose as buyers struggled to afford what little is available
March marked the official start of the spring, but it didn’t cause more home buyers to leap into action. Signed contracts to purchase existing home rose just 0.4 percent in March compared to February, according to a monthly pending home...
Dollar Staying Range Bound an PCE Matched Expectations, Sterling Rebounds after Initial Selloff
Dollar remains firm in early US session after release of personal income and spending data. But now, the green back is held below Friday’s high against all but Sterling. Canadian Dollar follows as the second strongest. The Pound was initial...
US annual inflation measures jump as consumer spending rises
U.S. consumer prices accelerated in the year to March, with a measure of underlying inflation surging to near the Federal Reserve’s 2 percent target as last year’s weak readings dropped out of the calculation. The rise in the annual inflation...
Argentina: Two confessions – not everyone likes them
I am going to confess an unpopular opinion: I am getting worried about Argentina. I am also going to confess to embarrassing naivety: I have been testing my hypothesis with the wrong bankers. But first, my concerns about Argentina. The...
The last two times this ‘classic late-cycle activity’ emerged, a recession soon followed
A disconnect between the best- and worst-performing sectors this year is raising a note of caution to some market watchers. Recently, the degree to which the 2018 market-leading consumer discretionary sector is outperforming the biggest laggard, consumer staples, has reached...
The typical professional investor today has never seen rising rates; here’s what they should expect
Ill-equipped investors may be set for a rude awakening if the rising-rate environment continues, Fundstrat’s Tom Lee is warning. “Rising interest rates, after a period of extraordinary monetary policy and intervention, and a three-decade trend of falling interest rates, is...
‘It’s going to be a rough, rocky ride’ for AMP investors: Morningstar
Damaging revelations of misconduct at Australia’s largest listed money manager, AMP, may take years to fix, according to Morningstar. “It’s going to be a rough, rocky ride for the next six months, twelve months, probably even longer for investors in...
Forex Markets Steady as Heavy Weight Data from US, Eurozone and UK Awaited
The forex market open the week rather steadily with major indices stuck inside Friday’s range. Aussie is generally lower followed by Yen. Meanwhile, Sterling, Dollar and Swiss Franc are generally higher. But the picture could quickly change as volatility comes...
CEO of Southeast Asia’s largest bank discusses what’s next after record quarter
DBS Group, the largest bank in Southeast Asia, on Monday said net profit in the first three months of 2018 rose to its highest ever as its loans business grew on the back of a strengthening economy in its home...
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