Band Aid: Hong Kong Spent $6.5 Billion to Defend Its U.S. Dollar Peg
The Hong Kong dollar has been mostly depreciating against its U.S. counterpart since the beginning of last year, driven by a wide gap between American and Hong Kong interest rates......»»
P&G Nears Deal to Acquire Merck KGaA"s Consumer-Health Unit
P&G is near a deal acquire the consumer-health business from Germany’s Merck KGaA, adding to its lineup of vitamins and supplements......»»
Qualcomm"s $44 Billion Purchase of NXP Has "Hard to Resolve" Issues: China
China is the last major government yet to approve the pending deal and this is its first public comment since Beijing-Washington trade tensions ramped up......»»
Barbara Bush Dies at Age 92
Barbara Pierce Bush went from a privileged childhood to become the wife of one president and mother of another, serving throughout as a pugnacious guardian of what had become America’s most prominent political family......»»
Stock Pickers Ready to Take the Facebook Out of "FANG"
Stock-picking fund managers have soured on Facebook since the social network’s revelation that millions of users’ data were compromised, with some either partially or completely abandoning their positions......»»
Tesla Halts Model 3 Production Again
Tesla has again halted production of the Model 3 sedan, days after CEO Elon Musk said the auto maker’s pace of making 2,000 of the sedans a week is sustainable......»»
U.S. Weighs New Trade Action Against China
The U.S. is examining ways to retaliate against Beijing’s restrictions on U.S. providers of cloud computing and other high-tech services, effectively opening a new front on its trade offensive against China......»»
Trump, Comey Duel Over Book
On Twitter, President Donald Trump renewed his attacks on the book written by James Comey, the former director of the Federal Bureau of Investigation......»»
What Happened to the Oil Glut?
A glut of stored oil that helped keep prices low for years is almost gone, thanks to production cuts by OPEC and Russia, a humming global economy and a series of small but meaningful supply disruptions......»»
General Atlantic, Silver Lake to Invest in Jack Ma"s Ant Financial
Ant, one of Chi.....»»
China"s HNA Profits from Early Exit on Hilton Investment
The Chinese conglomerate stands to collect roughly $2 billion in profits from its $6.5 billion Hilton investment, which it made a little over a year ago. That would translate into a more than 60% return for HNA......»»
China"s Commerce Ministry Says Market Opening Is Independent of Trade Dispute
The government is opening the economy “at its own pace, in its own direction, which is already fixed,†the ministry said after President Xi Jinping offered to increase foreign access to China’s markets......»»
White House Says Trump Has Power to Fire Mueller
The Whit.....»»
Shanghai and London Stock Exchanges to Be Linked
China’s central bank chief pledged to expand foreign access to the country’s banking, securities and insurance sectors this year and open a trading link between the Shanghai and London stock exchanges......»»
China Widens Ban on Exports of Items Potentially Used in Weapons to North Korea
China has tightened restrictions on exports to North Korea of items with potential dual use in weapons of mass destruction and conventional arms......»»
Deutsche Bank Faces Pressure to Address CEO Succession Plan
Deutsche Bank’s supervisory board faces turmoil and the prospect of losing its two co-heads of investment banking in coming weeks, ahead of a planned Sunday-evening meeting about the future of Chief Executive John Cryan......»»
Regulators Are Cracking Down on Cryptocurrencies. India"s Next.
The clampdown on cryptocurrencies is gaining momentum. The latest to take action is India, which vowed to prevent financial institutions from engaging in the currencies......»»
Trump Denies Knowledge of $130,000 Payment to Stormy Daniels
President Donald Trump denied knowing about a $130,000 payment his lawyer made to Stephanie Clifford, a former adult film star, in the month before the 2016 election, commenting for the first time on the payment......»»