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Global Financial News Articles

World Financial News

Recent hurricanes take toll on quarterly earnings
Posted on Saturday October 21, 2017

SAN FRANCISCO (Reuters) - After raging over the southern United States and Puerto Rico, remnants of hurricanes Harvey, Irma and Maria are now dampening U.S. corporate profits.

U.S. tax plan hopes lift stocks, dollar strengthens
Posted on Saturday October 21, 2017

NEW YORK (Reuters) - World stocks advanced, bond yields rose and the U.S. dollar strengthened on Friday on increased hopes President Donald Trump could make progress on his fiscal

California judge tosses $417 million talc cancer verdict against Johnson & Johnson
Posted on Sunday October 22, 2017

(Reuters) - A California judge on Friday threw out a $417 million verdict against Johnson & Johnson in a lawsuit by a woman who claimed she developed ovarian cancer after

Bitcoin soars to record high above $6,000
Posted on Saturday October 21, 2017

NEW YORK (Reuters) - Bitcoin surged to a record high of more than $6,000 on Friday, pushing its market capitalization to $100 billion at one point, as investors continued to

Stock market's future in Trump's hands as Federal Reserve chair pick looms
Posted on Saturday October 21, 2017

NEW YORK (Reuters) - Investors awaiting the nomination of the next Federal Reserve chair are hoping whoever is nominated pursues the same monetary policy that has supported rising stock prices

Asia Financial News

IBM lags in cloud computing and AI. Can tech’s great survivor recover?
Posted on Thursday October 19, 2017

TECHNOLOGY giants are a bit like dinosaurs. Most do not adapt successfully to a new age—a “platform shift” in the lingo. A few make it through two and even three.

Multilateral lenders vow openness about their carbon footprints
Posted on Thursday October 19, 2017

THE World Bank gets a lot of flak. Developing countries clamour for a bigger role in its management. President Donald Trump’s administration lambasts it for lending too much to China.

Firms that burn up $1bn a year are sexy but statistically doomed
Posted on Thursday October 19, 2017

YVES SAINT LAURENT, Lady Gaga, David Bowie. Some people do not operate by the same rules as everyone else. Might the same be true of companies? Most bosses complain of

A rash of bankruptcies hits Chinese lenders backed by state firms
Posted on Thursday October 19, 2017

THE Communist Party dominates China’s economy and uses state-run companies, which it controls with an iron fist, to enforce its diktats. Or so the theory goes. Reality is messier: the

Workers are not switching jobs more often
Posted on Thursday October 19, 2017

EVERYBODY knows—or at least thinks he knows—that a millennial with one job must be after a new one. Today’s youngsters are thought to have little loyalty towards their employers and