International News
UBS's Andrea Orcel: How much is a good banker worth?
Did Santander make a big mistake when it backtracked on its decision to name the then head of UBS's investment bank, Andrea Orcel, as its new chief executive officer?.
US close: Stocks bounce even as analysts mull outlook for trade talks
Stocks on Wall Street staged a small bounce ahead of the long Memorial Day weekend, after the US President indicated he would be willing to ease restrictions on Chinese telco giant Huawei as part of a broader agreement on trade with the Asian giant.
BofA-ML sees further upside for risk assets, no escalation in trade war
Strategists see further upside for risk assets over the summer, but in their opinion the dominant underlying cross currents are deflation and "maximum liquidity".
US open: Stocks attempt rebound after Trump predicts swift end to trade war
Wall Street equities rallied at the open on Friday following some positive news on the trade front, with the President indicating he would be willing to ease restrictions on Chinese telco giant Huawei as part of a broader trade agreement.
US durable goods orders fall short of forecasts in April
Durable goods orders in the US dropped sharply last month, weighed down by falls in those for automobiles and parts, civilian aircraft and for telecommunications equipment, with some economists concluding that the data reinforced the argument for the Federal Reserve to cut rates.
Trump willing to include Huawei in trade deal with China
Donald Trump said on Thursday that he would be willing to include “dangerous” telecommunications company Huawei in the trade deal that he is hoping to negotiate with China.
Facebook plans to launch bitcoin rival in 2020
Facebook is set to launch a new cryptocurrency in 2020 to rival bitcoin and accelerate the diversification of its revenue away from advertising.
Foot Locker misses on sales, trims full-year EPS guidance
US retailer Foot Locker saw profits rise in the first quarter of its trading year, but sales came in lower than expected and the group trimmed its full-year profit guidance amidst the prospect of tariffs on Chinese made goods hitting the sports shoe and apparel industry.
US pre-open: Stocks set for bounce as Trump softens stance on Huawei
Wall Street futures were pointing to a positive open on Friday following some positive news on the trade front, with the President indicating he would be willing to ease restrictions on Chinese telco giant Huawei as part of a broader trade agreement.
Asia report: Markets mixed as trade war sentiment continues to sour
Markets in Asia finished in a mixed state on Friday, with concerns over the ongoing trade war between the US and China continuing to linger.