Tuesday, November 20, 2018
SEOUL - South Korea announced on Thursday that it would offer about 240 billion won ($224.72 million) in loan guarantees and low-interest loans to regions hit by corporate restructuring, including the area of the local unit of General Motors’soon-to-be-shut factory. A total of 395 subcontractors, small business owners and workers of Gunsan...
LONDON - Oil prices rose on Tuesday as U.S. sanctions squeezed Iranian crude exports, tightening global supply despite efforts by Washington to get other producers to increase output. Benchmark Brent crude oil LCOc1 was up 50 cents at $77.87 a barrel by 0750 GMT. U.S. light crude CLc1 was 15...
New York. – Even good news can do little to dispel the prevailing pessimism in the oil market. Hedge funds paused a swift increase last month in wagers on declining West Texas Intermediate (WTI) crude prices. But there was little conviction behind a price rise, as futures shook off a...
SYDNEY - The dollar hovered near 3-week highs on Tuesday and Asian shares gained as U.S. President Donald Trump and North Korean leader Kim Jong Un signed a ‘comprehensive’ deal at a historic summit aimed at the denuclearization of the Korean peninsula. Trump said the process of denuclearization would happen “very, very...
Vikram Pandit, who ran Citigroup Inc. during the financial crisis, said developments in technology could see some 30 percent of banking jobs disappearing in the next five years. Artificial intelligence and robotics reduce the need for staff in roles such as back-office functions, Pandit, 60, said Wednesday in an interview...
TOKYO - A rebound in battered Chinese stock markets on Monday helped lift Asian equities, which also drew support from earnings-led gains on Wall Street in a welcome relief for investors grappling with an intensifying Sino-U.S. trade conflict. Spreadbetters expected European stocks to open slightly higher, with Britain’s FTSE rising 0.1 percent,...
About two thirds of South Africa’s GDP now consists of contributions from the services sector, which ranges from banks and insurance companies to tourism, hospitality and personal services. This means that policymakers, industry leaders, lobbyists and small business owners should all be concerned about the sector’s potential to fix...
BEIJING - The United States is “opening fire” on the world with its threatened tariffs, China warned on Thursday, saying no one wants a trade war but it will respond the instant U.S. measures go into effect as Beijing ramped up the rhetoric in the heated dispute. The Trump administration’s...
SYDNEY - Most Asian share markets crept cautiously higher on Monday as investors awaited developments on proposed Sino-U.S. trade talks and the Chinese yuan rallied away from alarming lows. Spreadbetters pointed to a mildly positive start for European shares with FTSE futures up 0.1 percent. Eurostoxx 50 futures opened 0.3 percent higher. MSCI’s...
JOHANNESBURG. — South Africa’s rand is the best-performing currency in emerging markets since Janet Yellen last week signalled that the Federal Reserve won’t rush to tighten monetary policy. The rand has netted an almost 5 percent return in the period for carry traders, who borrow where rates are low to...