World News

Tess Torelli January 10, 2018

Where 10-year yields go from here will be a major determinant for all investors in both equities and credit (which as an asset class has also benefited from record inflows). Arguably though, what matters more for the real economy and for the growth trajectory is what actually happens to U.S. real yields (the nominal yield […]

Tess Torelli January 10, 2018

This was due to a “more positive business mood and political developments that are expected to put South Africa in a position for more encouraging business and economic policy options,” the South African Chamber of Commerce and Industry said in a statement. However, Piotr Matys, emerging market strategist at Rabobank, told Giftofaservant: “The market could […]

Tess Torelli January 10, 2018

China is moving to eradicate the country’s bitcoin mining industry over concerns about excessive electricity consumption and financial risk, reflecting authorities’ judgment that cryptocurrencies are not a strategic industry. A multi-agency task force has instructed provincial governments to “actively guide” companies in their respective regions to exit the cryptocurrency mining industry, according to a document […]

Tess Torelli January 10, 2018

Jamie Dimon formally became CEO of J. P. Morgan Chase on Jan. 1, 2006, and Lloyd Blankfein took the reins of Goldman Sachs just six months later. Both executives have successfully steered two of the world’s most celebrated financial institutions through the most turbulent decade for banking since the 1930s. Now that the external environment […]

Tess Torelli January 10, 2018

Enterprise software company VMware on Tuesday confirmed that it has laid off a small percentage of employees. The move comes two years after the Dell subsidiary cut around 800 employees. “We can confirm that there has been a small reduction in force at VMware this week,” a VMware spokesman told Giftofaservant in an email. “Workforce […]

Tess Torelli January 10, 2018

China’s consumer inflation accelerated to 1.8 percent in December, official data showed on Wednesday. The consumer price index (CPI) had been expected to rise 1.9 percent from a year earlier, compared with an increase of 1.7 percent in November. The producer price index rose 4.9 percent from a year earlier, compared with the previous month’s […]

Tess Torelli January 10, 2018

South Korean Presidential Blue House | Getty Images South Korean President Moon Jae-in a meeting at the National Security Council on November 29, 2017. South Korean President Moon Jae-in said on Wednesday denuclearizing the Korean peninsula is an aim that cannot be abandoned, but also that he did not want the immediate reunification of North […]

Tess Torelli January 10, 2018

Over in Seoul, the benchmark Kospi index declined 0.25 percent. Shares of tech giant Samsung Electronics fell 2.74 percent Wednesday morning. The stock declined in the Tuesday session on the back of a weaker-than-expected fourth-quarter profit guidance, prompting concerns about the business outlook for its semiconductor business. Rival memory chip maker SK Hynix tumbled 4.94 […]

Tess Torelli January 10, 2018

The Federal Reserve’s inflation target is expected to remain out of reach in 2018, leaving the central bank disappointed for yet another year, Swiss bank UBS said Tuesday. Inflation in the U.S. is forecast to end the year at around 1.7 percent, below the Fed’s target of 2 percent, the bank’s chief U.S. economist Seth […]

Tess Torelli January 10, 2018

Huawei confirmed Tuesday that it will not sell its flagship Mate 10 Pro smartphone in the U.S. via AT&T, but told Giftofaservant that it would still release “new products” in America. In a statement to Reuters on Tuesday, Huawei said that the U.S. market presents “unique challenges” and that the Mate 10 Pro will not […]