Asian Markets End Mixed On Final Trading Day Of 2016
Shutterstock photo (RTTNews.com) - Asian stock markets closed mixed on the final trading day of 2016, following the weak cues from Wall Street and lower commodity prices. Trading volumes remained thin in the absence of any market-moving news and as investors preferred to stay on the sidelines heading into the New Year. Crude oil edged higher in Asian trades. The Australian market closed lower in the last session of 2016, but ended the year with a gain of seven percent. The benchmark S&P/..>> view originalChina to ease curbs on foreign investment in banks
SHANGHAI--China says it will give foreign companies long-sought greater access to its financial industry. Investment restrictions will be relaxed in banking, securities, fund management, futures and insurance, Ning Jizhe, vice chairman of the National Development and Reform Commission, said during a press conference Friday, without elaborating. Current rules limit foreign investors in China's securities industry to 49% stakes in joint ventures set up with local partners. Earlier this week Premi..>> view originalChina policymakers pledge stability for 'complex' year ahead
BEIJING China's economy is on a steady growth path as 2016 ends, supported by a housing boom and billions in government investment, but the mood of policymakers is more cautious than celebratory as they face "complexity" in the new year. Controlling risks has been a constant refrain in recent months as the focus of policymakers switches to taming asset bubbles and checking unbalanced growth stemming from efforts to fuel the economy with credit.The central bank - while reaffirming a long-standi..>> view originalFoxconn Deepens Investment in China With Plans for New Flat-Panel Factory
Foxconn Technology Group founder Terry Gou announced plans to build an $8.8 billion television flat-panel factory in Guangzhou, China, depicting the region as an “investment treasure land” amid calls to move tech manufacturing to the U.S. The new factory will make advanced liquid-crystal displays with technology from Sharp Corp., the Japanese electronics brand acquired this year by Foxconn. In a speech announcing the deal,...>> view originalRun-DMC Sues Wal-Mart, Amazon for $50 Million
NEW YORK — Run-DMC filed a $50 million lawsuit in New York accusing Wal-Mart, Amazon, Jet and other retailers of selling products that traded on the rap group's name without permission. A founder of the group and owner of the Run-DMC brand, Darryl "DMC" McDaniels, was listed as the plaintiff in the lawsuit, which was filed Thursday in the Southern District of New York. Run DMC pose at the 31st annual Grammy Awards in New York City on March 2, 1988. From left, Joseph "Run" Simmons, Da..>> view originalAnother shake-up at Faraday Future, as 'global CEO' departs
Ding Lei, a top executive at Chinese tech giant LeEco and “global CEO” of Faraday Future, has stepped down from overseeing Faraday Future, sources tell The Verge. Faraday Future never had an official CEO — the company has gone almost two years ...>> view originalWiring maker General Cable will pay $82.3M in SEC case
Bowdeya Tweh, Cincinnati Enquirer 6:30 p.m. EST December 29, 2016The Department of Justice headquarters building in Washington(Photo: J. David Ake, AP) General Cable, a company that makes wiring, will pay $82.3 million to the federal government to resolve investigations into accounting practices and potential violations of a law that prohibits the payment of bribes to foreign officials.The company, based in Highland Heights, Ky., said Thursday it entered into agreements with the Se..>> view originalPeople are dying because of an audacious cash policy that India says will modernize its economy
Usha Boinavad, a farmworker in western India who underwent a heart operation as a teenager, began suffering from chest pains this month. A doctor advised the 26-year-old to seek heart valve surgery in the nearest major city, 200 miles away.She immediately ran into another problem: cash. The procedure would cost at least $1,500, far more than what she and her husband had in their bank account. But with India in the grip of a severe currency shortage since the government invalidated 86% of the ..>> view originalApple Has a Lot to Lose if Its Favorable Chinese Manufacturing Deals Unravel
China not only provides Apple with low labor costs and incredible scale, but many valuable local government incentives. Some of them could disappear if trade tensions rise. Eric Jhonsa. Follow. Dec 30, 2016 6:00 AM EST. There already were good reasons ...>> view originalCould Amazon stop a Ron Swanson with a gun? A new patent for drone protection shows the retailer is trying
We’ve all thought about it after learning about Amazon.com’s ambitious effort to fill the skies with its unmanned delivery drones. What happens if someone tries to take one of these flying merchandise-hauling contraptions down?The idea was famously touched upon in an episode of NBC political comedy “Parks & Recreation,” when stanchly libertarian Luddite Ron Swanson (played by Nick Offerman) shoots a delivery drone with a hunting rifle. Last year, a Kentucky man did just that to a neighbor’s dro..>> view original
Sunday, February 5, 2017
Asian Markets End Mixed On Final Trading Day Of 2016 and other top stories.
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