Belt and Road: The debt threat
On April 12, IMF managing director Christine Lagarde ruffled feathers in Beijing by warning China not to laden Belt and Road recipient countries with unsustainable debt loads. She was in Beijing to speak at a conference and, nominally, to announce...
Sterling soars to its highest level since the Brexit vote
Sterling saw some strong buying on international currency markets Tuesday, reaching its highest level since the country voted to leave the European Union in June 2016. The pound had gained 0.2 percent by 9:00 a.m. London against the dollar, hitting...
‘We have a very strong outlook on China,’ says Eastspring portfolio manager
The U.S. may have lashed out against China in recent weeks, but at least one portfolio manager remains “very” optimistic about the prospects of the world’s second-largest economy. In recent weeks, the U.S. and China traded tariff threats, and on...
Sterling Firm as Markets Look into UK Unemployment Rate and Wage Growth, Aussie Lower after RBA Minutes
Sterling retreats mildly in Asian session today, against Dollar, Euro and Yen. But it remains the strongest one for the week. The breach of 1.4345 resistance in GBP/USD overnight signals medium term up trend resumption. But the rally slowed a...
After-hours buzz: NFLX, ROKU, CE & WTFC
Check out the companies making headlines after the bell: Netflix shares soared as much as 7 percent post-market after the entertainment company released its first-quarter earnings. Its earnings were in line with Wall Street estimates and revenues were slightly above....
Bitcoin exchange Coinbase buys Earn.com for a reported $100M and adds key executive
Digital currency exchange Coinbase is building on a recent hiring streak with a deal to buy Earn.com announced Monday. As part of the acquisition, the crypto company will bring on Earn’s founder and CEO as its first-ever chief technology officer....
Aluminum prices surge to highest level since 2011 as US sanctions on Russia take out big producer
Aluminum prices surged to their highest level in six years on Monday, extending a recent rally that follows the U.S. sanctioning of Russian aluminum giant Rusal. The metal traded as high as $2,403 per ton on the London Metal Exchange,...
Blockchain to disrupt Swiss hold on global bank system, Moody’s says
The blockchain technology underlying bitcoin could hurt Swiss banks the most, according to Moody’s Investors Service. “While making cross-border transactions faster and less expensive would be credit positive for banks, these efficiencies could also compress their fees and commissions, a...
Dollar Weak after Mixed Data, Sterling Shines
Dollar remains general weak in early US session after mixed economic data, in particular against European majors. The greenback does try to rebound against Australian Dollar and Canadian Dollar. But momentum is being capped. Yen also tried to rebound earlier...
McDonald’s downgraded because last year’s sales success is not the ‘norm’
Investors shouldn’t get used to McDonald’s recent strong sales growth, according to Stephens Inc., which downgraded the stock to equal weight from overweight. “Mid-single-digit comparable growth of recent quarters (especially in U.S.) was a result of successful initiatives coming together...
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