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Global Financial News Articles

World Financial News

Disney deal set to value Fox at more than $75 billion: source
Posted on Thursday December 14, 2017

(Reuters) - Walt Disney Co's deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc will value the latter at over $40 per share, or

Wall Street mixed as financials drag after Fed rate hike
Posted on Thursday December 14, 2017

NEW YORK (Reuters) - The S&P 500 ended slightly lower on Wednesday pressured by the financial sector after the Federal Reserve announced a widely expected interest rate hike but kept

Fed raises interest rates, keeps 2018 policy outlook unchanged
Posted on Thursday December 14, 2017

WASHINGTON (Reuters) - The Federal Reserve raised interest rates on Wednesday but left its rate outlook for the coming years unchanged even as policymakers projected a short-term jump in U.

Republicans forge tax deal, final votes seen next week
Posted on Thursday December 14, 2017

WASHINGTON (Reuters) - Congressional Republicans reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that would slash the U.

Exclusive: Saudi Aramco to push ahead with market share, expansion strategy - CEO
Posted on Thursday December 14, 2017

DAMMAM, Saudi Arabia (Reuters) - Saudi Aramco, the world's largest oil producer, aims to regain its lost market share after the OPEC-led supply-cut pact ends and plans to push ahead

Asia Financial News

When politicians and executives get caught out
Posted on Wednesday December 13, 2017

POLITICIANS and executives are held to different standards. That is pretty clear when it comes to issues such as sexual harassment, notwithstanding the resignation of Al Franken or the rejection

Why the Trump administration has enraged flyers across America
Posted on Tuesday December 12, 2017

FOR a president elected on a populist campaign message, Donald Trump is not doing much to make himself popular with flyers in America. On December 7th, the Trump administration announced

British Airways’ franchisee in South Africa throws off two black passengers
Posted on Saturday December 09, 2017

IN THE latest—and possibly most alarming—in a recent string of allegations of racism against airlines, two black musicians claim they were downgraded from business class on a British Airways-branded flight

Hedge funds embrace machine learning—up to a point
Posted on Thursday December 07, 2017

ARTIFICIAL intelligence (AI) has already changed some activities, including parts of finance like fraud prevention, but not yet fund management and stock-picking. That seems odd: machine learning, a subset of

Putting a price on Bitcoin
Posted on Friday December 08, 2017

SCENE: A pet shop with a bored looking proprietor. A customer approachesCUSTOMER: I’d like to buy a parrot.OWNER: Certainly, sir. How about this one? It’s a Norwegian Blue. Beautiful