Saturday, September 22, 2018
TOKYO - Some Asian economies running large external surpluses, including Thailand and South Korea, might be forced to tighten monetary policy soon as high household debt pose a bigger financial risk than the U.S. Federal Reserve’s steady pace of rate hikes. Up until now, these two economies have been considered...
T-Mobile US Inc and Sprint Corp said on Sunday they had agreed to a $26 billion all-stock deal and believed they could win over skeptical regulators because the merger would create thousands of jobs and help the United States beat China to creating the next generation mobile network. The agreement capped four...
Twenty miles may have made a $150 billion difference. Estimates for the damage Hurricane Irma would inflict on Florida kept mounting as it made its devastating sweep across the Caribbean. It was poised to be the costliest U.S. storm on record. Then something called the Bermuda High intervened and tripped...
Every African nation that’s sold dollar debt now has at least one junk rating, but it would be hard to tell by looking at the bond market. The average yield on sovereign Eurobonds in Africa has hovered near the lowest level in two years this month, according to a Standard...
BEIJING/WASHINGTON - China said on Tuesday that it has no choice but to retaliate against new U.S. trade tariffs, raising the risk that President Donald Trump could soon impose duties on virtually all of the Chinese goods that America buys. The commerce ministry’s statement came hours after Trump said he...
FRANKFURT - Private consumption in the euro zone has further room to grow, likely driving economic expansion even as external headwinds multiply, the European Central Bank said in an economic bulletin on Wednesday. Euro zone growth has slowed sharply over the past two quarters, raising fears that the bloc’s remarkable expansion,...
SINGAPORE - Oil fell more than 1 percent on Monday as markets opened following western air strikes in Syria over the weekend, while a rise in U.S. drilling for new production also dragged on prices. The United States, France and Britain launched 105 missiles on Saturday, targeting what they said were three chemical...
TOKYO - Asian stocks slid on Friday as reports of more chaos in the Trump administration tested investors’ nerves, already frayed by fears that U.S. tariffs could hurt the global economy and trigger a trade war. European stock futures point to a weaker start in Europe, with futures of Britain’s FTSE and...
New York. — Mark Zuckerberg, chief executive officer and founder of Facebook Inc, speaks during a House Energy and Commerce Committee hearing in Washington, DC, US, on Wednesday, April 11, 2018. Zuckerberg, under stern questioning by US House lawmakers about the social network’s privacy practices, said Facebook does collect...
NEW YORK, Next week, China will host leaders from across Africa for a summit in Beijing. The last summit was held in December 2015 in Johannesburg, South Africa, where Chinese President Xi Jinping announced $60 billion in funding support for infrastructure development in Africa. The upcoming Forum on China-Africa Cooperation...