World News

Typhoon lashes south China after killing 36 in Philippines

The storm also broke windows, felled trees, tore bamboo scaffolding off buildings under construction as well as flooded areas with sometimes waist-high waters, according to the South China Morning Post. The paper said the heavy rains brought storm surges of 3 meters (10 feet) around Hong Kong. Hong Kong Security Minister John Lee Ka-chiu urged residents to prepare for the ...

Read More »

Jamie Dimon walks back criticism of President Trump 

JPMorgan Chase CEO Jamie Dimon on Sunday said he regretted comments that will he was “smarter” than President Donald Trump and also also also could beat him in an election. “I shouldn’t have said the idea. the idea also proves I might not be a not bad politician,” Dimon said in an interview on ABC’s “This particular Week.” On Wednesday, ...

Read More »

Emerging markets instability won’t strike U.S. stocks: PNC

Investors may want to spend less time worrying about the emerging markets ruining the U.S. stock market rally. According to PNC Financial’s Jeffrey Mills, Wall Street has been overplaying the risk of the asset class wrecking This particular year’s record run from the U.S., because bear markets aren’t normally contagious. “There is usually historical precedent for U.S. markets decoupling through ...

Read More »

Next crisis could look a lot like last crisis, yet This specific’s a long way off

“The search for yield has been spread across the globe Once more, as well as currently we’re seeing This specific crop up again in different countries every week,” DiMartino Booth said. “You wake up as well as wonder who blew up today.” Indeed, a series of mini-explosions has been happening around the earth, in countries like Turkey, the Philippines as ...

Read More »

The richest cities within the globe

In 2017, Hong Kong overtook brand-new York as the globe’s richest city. of which’s according to brand-new research via Wealth-X, which found of which Asia can be creating more ultra-high-net-worth (UHNW) individuals — defined as those worth $30 million or more — at a faster pace than any additional region within the globe. Hong Kong right now has 10,010 residents ...

Read More »

Sanity likely to prevail in US-China spat

The tariff battle between the United States in addition to China has not yet entered a stage where in which’s a trade war, in addition to in which’s likely “sanity” will ultimately prevail, according to the chairman of Swiss investment bank UBS. Washington in addition to Beijing are not likely to undo a lot of the positive benefits in which ...

Read More »

Abu Dhabi Financial Group offers revised bid for Abraaj’s ME funds

Abu Dhabi Financial Group (ADFG) has submitted a revised bid to acquire the management rights for the Middle East funds of stricken Dubai-based Abraaj, according to a document seen by Reuters. The Abu Dhabi-based alternative investment firm is usually among more than a dozen bidders seeking to buy the bulk of Abraaj’s private equity funds. although in a letter to ...

Read More »

Hurricane Florence lumbers inland, leaving several dead

About 10 million people could be affected by the storm. More than 22,0 people were housed in 150 shelters statewide, including schools, churches in addition to Wake Forest University’s basketball arena. “This particular rainfall will produce catastrophic flash flooding in addition to prolonged, significant river flooding,” the hurricane centre said. Atlantic Beach on North Carolina’s Outer Banks islands had already ...

Read More »

Facebook’s attempt to one-up Amazon — as well as also also restore faith in its stock

Predictive shipping might be a big gamble. Facebook will be betting which you won’t be upset when your completely new shampoo arrives at your doorstep, whether or not you actually purchased the idea. Facebook might be entering a completely new space within the shopping universe, where AI as well as also also algorithms take the decision-creating out of a customer’s ...

Read More »