Oil and consumer goods support FTSE 100 as May's Plan B awaited

LONDON, Jan 21 — British blue-chip shares rose today, buoyed by oil majors and multinational consumer goods stocks, as investors readied for Prime Minister Theresa May to present a modified plan to exit the European Union. London's FTSE 100 was…

Wall Street wary of progressive Democrats on the House finance committee

WASHINGTON: Wall Street is bunkering down for a wave of intense scrutiny as a group of progressive Democrats, including social media star Alexandria Ocasio-Cortez, have joined a powerful House of Representatives committee overseeing banking activities. “It’s a huge victory,” said Ocasio-Cortez, at 29 the youngest member of Congress and a self-described socialist – a word […]

Telenor identifies tech trends set to reshape lifestyle

KUCHING: After rapid year of tech world advancements, setbacks and successes, Telenor Group’s research arm, Telenor Research, has identified several tech trends to study up on for 2019. In a press statement, it said, while there is no shortage of staggering high-tech feats identified for the year, the notion of ‘responsibility’ resonates through many of […]

Coffee clash brewing in China: Startup Luckin takes on Starbucks

When Starbucks came to China two decades ago it promised to open a new store every 15 hours. Now a homegrown rival, Luckin Coffee, plans to build a high tech-driven shop every three and a half hours to dethrone the US giant. The Chinese upstart is burning through millions of dollars to lure customers with […]

Myanmar: Year in review 2018

Although Myanmar’s economy has grown above the regional average in 2018, a fall in overseas investment, crop losses and a weakening of the kyat have combined to slow the pace of that economic growth. However, moves to open up sectors of the economy to foreign ownership may boost inward investment in the coming year. According […]

How US-China talks differ from any other trade deal

WASHINGTON, Jan 19 — The trade deal that US negotiators are seeking with China may have more in common with a sanctions-monitoring regime than a traditional trade pact. The administration of US President Donald Trump is pushing China to agree to…

Trade talk hopes poise dollar for first positive week this year

NEW YORK, Jan 19 — The dollar held firm against its rivals yesterday and was poised for its first weekly gain in five weeks, boosted by optimism about trade talks between China and the United States. US Treasury Secretary Steven Mnuchin discussed…

China offers to ramp up US imports, Bloomberg reports

NEW YORK, Jan 19 — China has offered to go on a six-year buying spree to ramp up imports from the United States in order to reconfigure the relation between the two countries, Bloomberg reported yesterday, citing people familiar with the matter….

US chipmakers may give clues on China hazard

SAN FRANCISCO, Jan 19 — Intel Corp operates mostly outside the Apple-sphere, and that is exactly why whatever it says next week about business in its vital Chinese market matters so much for investors. Apple rattled global markets this month when…

US stocks rise again on hopes of trade deal

NEW YORK, Jan 18 — Wall Street stocks pushed higher today as optimism over a potential US-China trade agreement offset mixed earnings reports from Netflix and others. About 35 minutes into trading, the Dow Jones Industrial Average was up 0.5 per…