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Japan stocks beat U.S. as funds soar 10.7% in Q1
If you sent your money abroad in the first quarter, you got some handsome returns — and the further you sent it, the better. The Standard & Poor’s 500 stock index rose 0.6% in the first quarter,...
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Hong Kong shares soar as mainland China investors buy in
The new system that connects stock markets in mainland China and Hong Kong is creating a buying frenzy in Hong Kong’s Hang Seng index as Shanghai-based investors look south in search of values. For the...
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Russia lifts ban on advanced air defense to Iran
Secretary of State John Kerry, members of Congress and Israeli leaders are protesting a decision by Russian President Vladimir Putin to lift a ban on transferring one of the world’s most advanced...
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EU accuses Google of abusing Internet search dominance
The European Union’s competition regulator on Wednesday accused Google of illegally abusing its dominance of the Internet search market in Europe by favoring its own comparison-shopping product when...
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IMF faces tipping point over Greece
It was perhaps inevitable that the Greek crisis would hijack the spring meeting of International Monetary Fund this week, but the damage to the international lending agency could grow much worse as the...
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Five years after the spill: BP still leaking
BP faced a major crisis exactly five years ago. Today, the oil giant is still facing a crisis – just a different one. On April 20, 2010, the Deepwater Horizon oil rig blew up – causing an oil spill to...
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Nikkei closes above 20,000 for first time in 15 years
The jury may still be out on “Abenomics,” but Japanese investors are rendering at least an interim verdict on the economic policies of Prime Minister Shinzo Abe: thumbs up. The 225-issue Nikkei Stock...
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Major aftershock hits Nepal as search for quake survivors intensifies
The Kathmandu area of Nepal was struck by a magnitude-6.7 aftershock Sunday, just a day after a massive earthquake in the region killed over 2,000 people and devastated a large swath of the capital...
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Japan PM Abe visits USA amid controversial WWII remarks
Japan Prime Minister Shinzo Abe begins a historic, week-long visit to the United States on Sunday that will highlight strengthened trade and defense ties between the two countries, and feature the...
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Global fund investors to U.S. stocks: Drop dead
Global fund investors are dropping U.S. stocks like a rattlesnake on meth. But emerging markets stocks? Sparkly unicorns. TrimTabs Investment research says that investors have yanked a net $15.4...
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Japan’s Takeda agrees to pay $2.4B ln in diabetes drug suit
Japan’s largest drugmaker Takeda Pharmaceutical Co. said Wednesday it has agreed to pay $2.4 billion to thousands of patients and their families over its diabetes drug Actos which has been linked to...
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Euro zone economy picks up pace but Germany lags
A slowdown in Germany weighed on the euro zone in the first quarter, but the bloc’s economy still grew at its fastest in almost two years as cheap food and fuel boosted spending and a central bank...
View ArticleWait continues for easier access to mainland China shares
Want an easier way to invest in shares of Mainland China stocks? Well, that day is getting closer, but investors will have to wait a little bit longer. Currently, American investors that want to buy...
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Air seeps out of Chinese stock ‘bubble’
The mainland Chinese stock market, which had gained more than 150% in a year’s time, prompting bubble warnings, seems to be deflating, as shares dipped 13.3% this week. The Shanghai composite index had...
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Greece and creditors meet Monday in 11th-hour bid to avoid default
Greece and its eurozone creditors are scheduled to meet Monday in a last-ditch effort to avert a default that could shake global financial markets and result in the debt-plagued country’s exit from the...
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Stocks surge on Greek debt deal optimism; Nasdaq hits record
Stocks surged Monday as a relief rally around the globe is underway that sent the Dow up more than 100 points and the Nasdaq to an all-time record high. Stock markets in Europe are up sharply and...
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European leaders meet on whether to rescue Greece or cut it loose
The leaders of the 19 nations that use the euro debated Sunday whether to rescue Greece from the brink of financial ruin or cut the country loose from the currency bloc and let it fend for itself. The...
View ArticleEven in defeat, Greece sends powerful message to Europe
The deal agreed to Monday between Greece and its creditors was hard fought, and even if Athens did not come out on top, the lengthy negotiations call to mind another Greek battle: the Battle of...
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World markets stage mixed comeback
Battered world financial markets attempted to reclaim lost territory Wednesday with mixed success. In Asia, Tokyo’s benchmark Nikkei 225 index gained 570.13 points, or 3.20%, closing at 18,376.83. The...
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China issues blueprint for state industry overhaul
China’s Communist Party has issued a long-awaited blueprint for overhauling bloated state industries even as it aims to retain the party’s dominance in the economy. The plan comes at a time when the...
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