Asian stocks test new 19-month highs, some markets seen overvalued Asian stocks test new 19-month highs, some markets seen overvalued:- Asian stocks inched to new 19-month highs on Thursday with thanks to an ongoing rally on Wall Street and bolstered by gains in Chinese stocks while the dollar came in […]
Business
Business
U.S. business in China warms to possible Trump trade policy shake-up U.S. business in China warms to possible Trump trade policy shake-up:- "Reciprocity" has become the new buzzword in the U.S. business community in China, with some industry leaders saying they would welcome a tougher approach from the Trump administration in […]
Trian takes $3.5 billion stake in Procter & Gamble Trian takes $3.5 billion stake in Procter & Gamble:- Trian Fund Management LP disclosed a $3.5 billion stake in Procter & Gamble Co (PG.N) on Tuesday, taking aim at the maker of Pampers diapers as it moves to boost sales and shed […]
Apple, banks push Wall Street to all-time high Apple, banks push Wall Street to all-time high:- Major U.S. stock indexes established record highs on Tuesday, led by bank stocks after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates. Apple (AAPL.O) racked […]
Fed on course to raise interest rates at an upcoming meeting Fed on course to raise interest rates at an upcoming meeting:- The Federal Reserve will likely need to raise interest rates at an upcoming meeting, Fed Chair Janet Yellen said on Tuesday, although she flagged considerable uncertainty over economic policy […]
Berkshire takes huge bite of Apple, boosts airline stakes Berkshire takes huge bite of Apple, boosts airline stakes:- Warren Buffett's Berkshire Hathaway Inc (BRKa.N) was an aggressive buyer of stocks in last year's fourth quarter, nearly quadrupling its stake in Apple Inc (AAPL.O) and increasing its stake sevenfold in the four […]
Asia stocks at 19-month peak, dollar up as Yellen puts March rate hike in play Asia stocks at 19-month peak, dollar up as Yellen puts March rate hike in play:- Asian stocks scaled 19-month peaks on Wednesday thanks to a record-setting night on Wall Street after Federal Reserve Chair Janet […]
U.S. insurers sense opportunity in unwanted pension plans U.S. insurers sense opportunity in unwanted pension plans:- U.S. insurers are buying corporate pension plans at a record clip as rising interest rates and all-time high stock-market values give companies the perfect excuse to offload them. Calculating they can make more money […]
South Korea sues Nissan over mileage claims, probes BMW, Porsche South Korea sues Nissan over mileage claims, probes BMW, Porsche:- South Korea has sued Nissan Motor's (7201.T) South Korean unit alleging that the Japanese car maker manipulated the fuel economy test results of its Infiniti Q50 sedan, a government official […]
Geeks venture into Goldman Sachs world of big deals and egos Geeks venture into Goldman Sachs world of big deals and egos:- Technology whizzes who helped Goldman Sachs (GS.N) eliminate hundreds of trading jobs over the past few years are venturing into the bank's flagship M&A business, making some junior bankers uneasy. […]
