Business News
UBS names new CEO for European Union operations
UBS on Tuesday announced the appointment of Christine Novakovic as the chief executive officer of the Swiss Bank’s European Union operations.
Month: August 2019
Business News
Oil prices rise on stimulus hopes, trade optimism
Crude oil prices edged up on Tuesday on optimism U.S.-China trade tensions will ease and on hopes major economies will take stimulus measures to ward off a potential economic slowdown that could hit oil demand.
Business News
Climate change could rain on Saudi Aramco’s IPO parade
By Clara Denina , Sinead Cruise, Rania El Gamal and Simon Jessop
Business News
Asia shares edge up as stimulus hopes temper recession worries
Asian shares rose on Tuesday as hopes for stimulus in major economies tempered anxiety about a global recession, boosting riskier assets and drawing money from safe-havens such as bonds and gold.
Business News
Japan’s Docomo to resume orders of Huawei P30 Pro smartphones
NTT Docomo will resume taking orders of Huawei P30 Pro smartphones from Wednesday, the largest Japanese telco said on its website.
Business News
Humbled Deutsche Bank faces battle in its own backyard
Online retailer Zalando is just the kind of fast-growing German business with foreign expansion plans that Deutsche Bank Chief Executive Christian Sewing needs to help drive the struggling lender’s recovery.
Business News
Oil prices hold steady on hopes trade tensions could ease
Crude oil prices held mostly steady on Tuesday on optimism that U.S.-China trade tensions would ease and on hopes that major economies would enact stimulus measures to counter a possible global economic slowdown that could affect oil demand.
Business News
Oil prices slip, but supported by hopes trade tensions could ease
Crude oil prices slipped on Tuesday, but losses were limited as equity markets rallied and as traders hoped Sino-U.S. trade tensions would ease.
Business News
Asian shares nudge higher on stimulus hopes, recession fears ease
Asian shares extended their gains on Tuesday as hopes for stimulus in major economies tempered anxiety about a global recession, helping boost riskier assets and drawing money from safe-havens such as bonds and gold.
Business News
Japan Inc backs Abe’s tough trade stance vs South Korea amid row: Reuters poll
Japanese companies broadly support Prime Minister Shinzo Abe’s tough trade stance against South Korea, a Reuters poll found.
Business News
Top U.S. CEOs say companies should put social responsibility above profit
Corporate America is responsible for providing economic benefits to all, not just its investors, the Business Roundtable group said on Monday.
Business News
General Electric fortifies defense against charges of bogus accounting
General Electric Co reinforced its defense of its accounting practices on Monday after investors asked more questions about an unusual research report last week that accused the jet engine and power plant maker of financial fraud.
Business News
Wall Street rallies on hopes of global economic stimulus
U.S. stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell.
Trading Ideas
How to Recover From a Sell-Off
“You’ll never make that money back!” the pitchman breathlessly exclaimed.
The guy on the radio was selling annuities and warning investors not to put their money in the risky “Wall Street casino.”
He tried to scare listeners by telling them that if the market crashed like it did in 1987 or we had another nasty bear market like in 2000 or 2008 that “it would take a lifetime to make that money back.”
He couldn’t have been more wrong.
On October 19, 1987, or Black Monday, the Dow Jones Industrial Average plummeted 22.6%.
It was the biggest one-day drop in U.S. stock market history.
But it …read more […]
Business News
U.S. tech industry leaders: French digital service tax harms global tax reform
Major tech firms and U.S. tech industry groups said on Monday that France’s new digital services tax undermines the global tax regime and multilateral efforts to reform it.