World News

Stocks, currencies, oil along with earnings in focus

Over in Sydney, the S&P/ASX 0 edged up by 0.25 percent amid broad-based gains, although the heavily weighted financials sector traded lower by 0.29 percent. Markets in Malaysia remained closed on Friday for a special holiday following the landmark general election win by Mahathir Mohamad’s opposition alliance. Mahathir, who was prime minister of Malaysia between 1981 along with 2003, was ...

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China’s Belt as well as also Road is actually a ‘win-win’ for the Gulf, ministers say

Countries inside Gulf are keen to make the most of China’s Belt as well as also Road Initiative (BRI) — an ambitious mega-project of which plans to boost connectivity as well as also cooperation between East Asia, Europe as well as also East Africa. Bahrain’s minister for transportation as well as also telecommunications said the Gulf, with its central location ...

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Malaysia election may hit China Belt along with Road infrastructure projects

A stunning win by the opposition bloc in Malaysia’s general election on Wednesday could have implications for the Southeast Asian nation’s ties with China, a major invsetor. Mahathir Mohamad, a former Malaysian prime minister who led his opposition alliance to victory over the ruling coalition, said Thursday the country could renegotiate several agreements of which had been struck with China. ...

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Inside Huawei headquarters in Shenzhen, China

the item’s several minutes before noon on a Thursday afternoon at Huawei’s headquarters. Located in Shenzhen, the emerging tech city inside Guandong providence of China, the campus covers a massive area filled with trees, mid-sized buildings along with lakes. In what could easily be confused for a large university campus, the setting quickly goes by serene to bustling as throngs ...

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Tesco still favorite stock despite Walmart’s Asda deal with Sainsbury’s, asset manager says

The U.K. supermarket space has drawn renewed attention via investors following the tie-up between Walmart’s Asda in addition to J Sainsbury. The $10 billion deal between the two grocers, announced last week, was welcomed by the investment community, although according to one asset manager, Tesco is usually still the best stock pick. “Perhaps with most various other people, we’ve been ...

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Boeing claims Iran sanctions won’t affect its production pipeline

Boeing’s top executive inside the Middle East said the company’s conservative strategy will protect This particular by any loss of business with Iran. Boeing is usually playing down an estimated loss of $20 billion of sales to Iranian airlines after the U.S. moved to withdraw by a nuclear pact as well as re-impose sanctions on Tehran. Treasury Secretary Steve Mnuchin ...

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Analyst cut off by Musk plans to hold Tesla accountable

One of the analysts cut off by Tesla chief executive Elon Musk during the company’s latest earnings call has responded, telling clients he plans to “hold Tesla accountable” for its performance. In an open letter along with invitation to Musk entitled “Dear Elon,” RBC Capital Markets analyst Joseph Spak on Wednesday defended his questioning. “Some of these questions can seem ...

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