business news
How Russian banks got cut out of global finance: A ‘SWIFT’ system explainer
Several Russian banks were banned from the SWIFT financial-messaging system following Russia’s full-scale invasion of Ukraine. So, what does it mean to lose access to this important part of the international economy, and are there any viable alternatives? Effective communication systems are the backbone of how the world stays connected, from mobile phones, email networks, […]
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France’s retirement age looks set to rise. And the war in Ukraine could have helped
A man holds a banner that reads, ‘Pensioners, badly treated’ as pensioners and activists take part in a demonstration. Emmanuel Dunand | Afp | Getty Images France looks set to push back its retirement age — after several failed attempts — as war in Ukraine and Emmanuel Macron’s active diplomacy have boosted the chances of […]
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Obama to return to White House to celebrate health care reform
Former US President Barack Obama gestures as he speaks at the 2021 climate summit in Glasgow on November 08, 2021. NBC News reports Obama will return to the White House on Tuesday for the first time since he left office to promote the Affordable Care Act in an event alongside President Joe Biden. Jeff J […]
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Hong Kong leader Carrie Lam says she won’t seek second term in office
Hong Kong Chief Executive Carrie Lam listens to reporters’ questions during a press conference on March 21, 2022 in Hong Kong, China. Vincent Yu | Getty Images News | Getty Images Hong Kong Chief Executive Carrie Lam will not be pursuing a second term in office, she said during a press conference on Monday. This […]
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Here are 3 hottest markets in Southeast Asia for 2022, according to Wall Street
Indonesia’s stocks are among the top picks of JPMorgan Asset Management and Goldman Sachs for 2022. In this photo from April 2019, the statue of a bull is standing at the lobby of the Indonesia Stock Exchange (IDX) in Jakarta, Indonesia. Dimas Ardian | Bloomberg via Getty Images Geopolitical tensions around the world have been […]
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These are the best stocks to own as bond yields rise, Jefferies says
Jefferies has named the best stocks to own during rising U.S. 10-year Treasury yields. Source
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Goldman says now’s the time to buy these 3 stocks — including one it says has upside of nearly 40%
Goldman Sachs just upgraded three stocks to “buy” as Europe doubles down on energy self-sufficiency. Source
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Asia-Pacific stocks mixed; mainland China markets closed
SINGAPORE — Shares in Asia-Pacific struggled for direction on Monday, as investors continue to monitor the U.S. Treasury yield curve. The Nikkei 225 in Japan slipped fractionally as shares of Tokyo Electron dropped around 2%. The Topix index climbed about 0.1%. South Korea’s Kospi dipped 0.49%.Elsewhere in Australia, the S&P/ASX 200 rose 0.43%. MSCI’s broadest […]
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Op-ed: A new world order is emerging — and the world is not ready for it
DUBAI – “Are we ready for the new world order?” The provocative title of the panel that lead off the ambitiously named World Government Summit here last week was framed to suggest that a new global order is emerging — and the world is not ready for it. There has been a proliferation of writing […]
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China’s BYD ends full combustion engine cars to focus on electric, plug-in hybrids
A BYD Co. electronic vehicle (EV) is charged at an EV charging station at the company’s campus in the Pingshan district of Shenzhen, China. Brent Lewin | Bloomberg | Getty Images China’s largest electric vehicle (EV) maker BYD said that as of last month it stopped making combustion engine vehicles and now produces full electric […]
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