Tag Archives: global

Global Markets, Dollar Rally As North Korea Blinks

Asian shares rallied and the dollar firmed on Tuesday after North Korea’s leader signalled that he would delay plans to fire a missile near Guam, easing tensions and prompting investors to move back into beaten-down riskier assets. MSCI’s broadest index of Asia-Pacific shares outside Japan extended early gains and rose 0.4 percent by late morning, with South Korea up 0.6 ... Read More »

A big decline in markets could hit global economy

A shock to market confidence -an end to irrational exuberance -could lead to sharp price falls. There is a “significant possibility” of a major stock market correction in the near future which could drag down global economic growth, according to recent analysis from staff at research house OxfordBSE 4.88 % Economics. Writing on Tuesday, Oxford’s global head of macro research GabrielBSE 2.53 % Sterne argued that a 10 ... Read More »

Claris sells global generic injectables business to Baxter for $625 mnClaris sells global generic injectables business to Baxter for $625 mn

AHMEDABAD, JULY 28:   City-based pharma player, Claris Lifesciences Ltd, said the company has completed the sale of its Global Generic Injectables Business to Baxter International Inc (USA) for an enterprise value of $625 million. The company will discuss with its advisors and identify the most efficient method of transferring a significant majority of the net proceeds to its shareholder. The company expects ... Read More »

Global finance officials argue benefits of free trade

The world’s major economies are united in their belief that free trade delivers healthy economic growth. But they also agree that more needs to be done for those left behind, and the new Trump administration is letting it be known that it intends to make sure that America’s trade deals are fair for U.S. workers. German Finance Minister Wolfgang Schaeuble ... Read More »

Global I-banks beef up Asia transaction business

  With dealmaking in Asia sluggish and Chinese investment banks taking market share from global rivals, some foreign banks are ploughing resources into transaction banking, the workaday business of financing trade, managing cash and facilitating payments. At a time of growing intra-regional trade in Asia, the largest trading region in the world, and expansion of supply-chain networks beyond China, transaction ... Read More »

US government ‘hacked global bank system’

The NSA is facing criticism for not sharing details of the security flaws with Microsoft A huge range of security exploits, said to be worth over $2m if sold on the black market, have been leaked online. The tools are said to have been created by the US National Security Agency (NSA), and accompanying documents appear to indicate a possible ... Read More »

Global political jitters are creeping up in the markets

Jung Yeon-Je | AFP | Getty Images People watch a television news showing file footage of a North Korean missile launch, at a railway station in Seoul on April 5, 2017. Investors are hunkering down in bonds, fearful that events such as North Korea tensions, the French election and strained Russian-American relations could turn out badly. Treasurys and gold rose ... Read More »

Prada 2016 revenue down 10 percent as Asia, Japan lead global decline

Italian fashion group Prada (1913.HK) reported a 10 percent drop in revenues on Monday as sales fell across all regions, including Japan and its top market Asia Pacific. Consolidated revenues in the financial year through January 2017 fell to 3.18 billion euros (3 billion pounds), down from 3.55 billion euros a year before. At constant exchange rates sales were down ... Read More »

Tesco warns global suppliers over price rises

Turning around Malaysia Airlines after the double tragedies of MH370 and MH17 is an “unprecedented” challenge, the firm’s recently appointed chief executive has told the BBC. Peter Bellew said the carrier was now marketing more aggressively as it tries to win back confidence in the brand. He accepted some passengers would choose to not fly with the company. But Mr ... Read More »

China slowdown is global economy’s biggest threat, Rogoff says

The former chief economist of the International Monetary Fund has told the BBC a slowdown in China is the greatest threat to the global economy. Ken Rogoff said a calamitous “hard landing” for one of the main engines of global growth could not be ruled out. “China is going through a big political revolution,” he said. “And I think the ... Read More »