Monday, July 16, 2018
HONG KONG - HSBC Holdings Plc said on Monday it has performed the world’s first trade finance transaction using a single blockchain platform, in a push to boost efficiency in the multi-trillion-dollar funding of international trade. HSBC and Dutch bank ING completed the deal for Cargill last week when a shipment of...
WASHINGTON - U.S. job growth likely accelerated in April after a weather-related slowdown in the previous month, with the unemployment rate expected to drop to near a 17-1/2-year low of 4.0 percent. The Labor Department’s closely watched employment report on Friday is also expected to show steady wage growth, which would add...
LONDON - World stocks made little progress on Thursday as worries over global trade tensions weighed, while the U.S. dollar consolidated recent bumper gains after the Federal Reserve reaffirmed the outlook for more rate hikes. The MSCI world equity index, which tracks shares in 47 countries, traded flat in percentage terms. Europe’s...
SINGAPORE - Asian equities eased on Wednesday, while the dollar traded near a four-month high as investors count down to the U.S. Federal Reserve’s upcoming policy statement for clues on the future pace of U.S. monetary tightening. The Fed is seen set to hold interest rates steady this week but will...
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...
SINGAPORE - Oil prices on Wednesday fell back from more than three-year highs reached the previous session, as rising U.S. fuel inventories and production weighed on an otherwise bullish market. Brent crude oil futures LCOc1 were at $73.71 per barrel at 0655 GMT, down 15 cents, or 0.2 percent, from...
LONDON - The euro fell to a two-month low on Tuesday as concerns that rising U.S. Treasury yields would push the currency to break below a range it has been stuck within most of this year, prompting hedge funds to unwind some of their record long bets. Some lingering worries that European...
LONDON - World stocks slipped on Monday as investors braced for a blizzard of earnings from the world’s largest firms, while keeping a wary eye on U.S. bond yields as they approach peaks that have triggered market spasms in the past. The yield on 10-year U.S. Treasuries hit its highest level since...
LONDON - World stocks dipped on Friday but were set for a second week of gains after a strong start to the global corporate earnings season, while a rally in commodity prices fizzled out. The MSCI All-Country World Index, which tracks shares in 47 countries, was down 0.3 percent. Losses by the tech...
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...