Posts From Rachel Long
The biggest rally in American equities since 2009 flowed powerfully through to Japanese stocks, but momentum faltered thereafter as U.S. stock-index futures tumbled alongside European shares. Treasuries climbed as oil and the dollar gave up some of the previous session’s
(This story corrects typographical error in headline.) By Aftab Ahmed and Sankalp Phartiyal NEW DELHI/MUMBAI (Reuters) – India will ban e-commerce companies such as Amazon.com (AMZN.O) and Walmart (WMT.N)-owned Flipkart Group from selling products from companies in which they have
Martial law expires in Ukraine
KIEV (Reuters) – Martial law, imposed on Nov. 25 in some Ukrainian areas after Russia captured three Ukrainian ships, expired on Wednesday, President Petro Poroshenko told the country’s security council. Poroshenko said earlier this month he did not plan to
SHANGHAI (Reuters) – China expressed confidence on Wednesday that it can reach a trade deal with the United States, a sentiment echoed by U.S. President Donald Trump a day after he warned of more tariffs if the two sides could
Ernst & Young announced Monday that Mark Weinberger will step down as CEO and global chairman of the Big Four accounting firm next July. Weinberger has led Ernst & Young since 2013, the same year it rebranded itself under the
Bitcoin has lost most of its value this year
ON DECEMBER 17TH 2017 the price of bitcoin on CoinMarketCap, a cryptocurrency exchange, neared $ 20,000. True believers hoped that was just the beginning. One analyst at a Danish investment bank predicted bitcoin could be worth $ 100,000 by
MBIZA, A BUSINESS that grows berries in Zambia and South Africa, and Niel Finance and Services, which owns the Central African Republic’s largest mobile firm, would seem to have little in common. But both have headquarters in Mauritius, an
YOKOHAMA, Japan/PARIS (Reuters) – Nissan’s board voted unanimously to oust Chairman Carlos Ghosn over allegations of financial misconduct, after French partner Renault backed away from a last-minute demand to postpone the decision on their alliance leader’s fate. The vote –
The oil price swings dramatically
THE OIL price was supposed to be soaring around now. With American sanctions against Iran taking effect earlier this month, exports from that country, the world’s fourth-largest producer of crude oil last year, were expected to shrink to close to zero.
Apple’s former CEO says it’s no longer a tech innovator, it’s a luxury brand. And that’s a smart move, according to John Sculley, who led Apple from the mid 1980s to early 1990s. Sculley told CNN’s Julia Chatterley on “First