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Updated: 2 hours 5 min ago

U.S. housing starts fall further, but permits at seven-month high

Fri, 08/16/2019 - 14:05
U.S. homebuilding fell for a third straight month in July amid a steep decline in the construction of multi-family housing units, but a jump in permits to a seven-month high offered hope for the struggling housing market.
Categories: Financial Media

U.S. 30-year yields drop to record low; 10-year yields sink

Fri, 08/16/2019 - 11:23
U.S. 30-year Treasury yields fell to a record low below 2% and benchmark 10-year notes dropped to a three-year trough on Thursday amid persistent worries about global trade tensions and economic slowdowns around the world.
Categories: Financial Media

Alibaba and the $15 billion question: Amid Hong Kong's protests, when to list?

Fri, 08/16/2019 - 11:18
Hong Kong's political unrest is posing a dilemma for Alibaba Group Holding Ltd on the timing of its planned $15 billion listing in the city, with sources saying China's biggest e-commerce company is now considering several timetables.
Categories: Financial Media

Oil rises 2% as recession fears recede

Fri, 08/16/2019 - 11:13
Crude oil prices rose more than 2% on Friday, recovering from two days of declines after data showing a rise in U.S. retail sales helped to ease concerns about a recession in the world's biggest economy.
Categories: Financial Media

U.S. surfboard makers not so stoked about China tariffs

Fri, 08/16/2019 - 11:11
President Donald Trump's decision to slap 10% tariffs on imported surfboards convinced surf executive Sue Bowers to move factory jobs out of China - but not back to the United States, which was one goal of Trump's tariffs.
Categories: Financial Media

Stocks buoyed by stimulus hopes but still head for third losing week

Fri, 08/16/2019 - 10:05
World stocks rose on Friday as expectations grew of further stimulus by central banks, offsetting worries about slowing economic growth, which intensified this week as the U.S. yield curve inverted for the first time since 2007.
Categories: Financial Media

STAR Market tech board offers hope to Chinese venture capitalists

Fri, 08/16/2019 - 08:51
When Chinese venture capital firm New Vision Capital invested in two startups focusing on cloud computing and micro-optics, the plan was to eventually take them public on the Nasdaq exchange.
Categories: Financial Media

Irish regulator nears end of first privacy probe, ruling to take months

Fri, 08/16/2019 - 08:43
Ireland's data privacy regulator is close to concluding its first probe into a multinational company under the EU's new privacy laws, likely to involve Facebook's WhatsApp subsidiary, although a formal decision could take months.
Categories: Financial Media

Asia shares take heart in stimulus speculation

Fri, 08/16/2019 - 08:29
Asian shares found some footing on Friday after a turbulent week as China hinted at more support for its economy, amid growing expectations of aggressive stimulus from all the major central banks.
Categories: Financial Media

Exclusive: Buyout firms KKR, Blackstone among bidders for Philippine hospitals group - sources

Fri, 08/16/2019 - 07:05
Buyout firms KKR , Blackstone and CVC are among bidders competing for a stake in the hospital unit of Philippines' Metro Pacific Investments Corp , people with knowledge of the matter told Reuters.
Categories: Financial Media

Weight of history: Chongqing Steel and China's state sector dilemma

Fri, 08/16/2019 - 06:52
A year and a half ago, Chongqing Iron and Steel Corp (CISC) , China's oldest steelmaker, was rescued from the brink of bankruptcy in a deal hailed as a shining example of how struggling state companies can be revamped.
Categories: Financial Media

Invesco thrives in China as former executive Ross leads Trump's trade war

Fri, 08/16/2019 - 06:33
The former investment company of U.S. Commerce Secretary Wilbur Ross has been flourishing in China, even as he marshals billions of dollars' worth of punishing tariffs in America's deepening trade war.
Categories: Financial Media

Exclusive: Private-equity funds bid for Philippine hospitals group - sources

Fri, 08/16/2019 - 05:38
Buyout firms such as KKR , Blackstone and CVC are competing to buy a stake in the hospital unit of Philippines' Metro Pacific Investments Corp , people with knowledge of the matter said.
Categories: Financial Media

Asia stocks take heart in stimulus speculation

Fri, 08/16/2019 - 04:56
Asian shares found some footing on Friday after a turbulent week as China hinted at more support for its economy, amid growing expectations of aggressive stimulus from all the major central banks.
Categories: Financial Media

Trump says China talks 'productive'; Beijing vows tariff retaliation

Fri, 08/16/2019 - 02:20
U.S. President Donald Trump said on Thursday that U.S. and Chinese negotiators were holding "productive" trade talks and expected them to meet in September despite U.S. tariffs on over $125 billion worth of Chinese imports taking effect Sept 1.
Categories: Financial Media

'Crazy inverted yield curve' vexes Fed, with no clear resolution

Fri, 08/16/2019 - 02:17
Amid the recent financial market volatility, the interest rates on some long-dated government bonds have fallen below the level for short-term debt.
Categories: Financial Media

Asia stocks nurse losses, bonds hold huge gains

Fri, 08/16/2019 - 01:40
Asian shares were heading for weekly losses on Friday as conflicting messages on the Sino-U.S. trade war only added to worries for the global economy, while talk of aggressive central bank stimulus drove bond yields to fresh lows.
Categories: Financial Media

Facebook failed to warn users of known risks before 2018 breach: court filing

Fri, 08/16/2019 - 01:22
Facebook users suing the world's largest social media network over a 2018 data breach say it failed to warn them about risks tied to its single sign-on tool, even though it protected its employees, a court filing on Thursday showed.
Categories: Financial Media

Ackman eyes more gains for his fund with help of Berkshire, others

Fri, 08/16/2019 - 01:13
Billionaire investor William Ackman, whose portfolio has gained almost 50% this year, said his fund can keep delivering "high, long-term" returns, and he expects that a newly disclosed stake in Berkshire Hathaway Inc will help boost gains.
Categories: Financial Media

China says U.S. block on nuclear firms a 'misuse' of export controls

Fri, 08/16/2019 - 01:06
A U.S. decision to stop China General Nuclear Power Corp (CGN) and its subsidiaries from dealing with U.S. companies was a misuse of export control measures and would harm both U.S. and Chinese firms, China's foreign ministry said.
Categories: Financial Media