Category Archives: Asia

Is now the time to invest in South Africa?

South African President Cyril Ramaphosa says his country is entering “a new era” following the ouster of his scandal-plagued predecessor, Jacob Zuma. Investors appear to agree. The country’s benchmark stock index has surged 5% since Zuma stepped down late Wednesday.

Trump administration recommends steep tariffs on steel and aluminum

The Commerce Department is recommending steep tariffs on foreign steel and aluminum. The suggested tariffs, offered by Commerce Secretary Wilbur Ross in the name of national security, are the latest indication that President Trump’s trade talk is turning from bark

UK and US blame Russia for ‘malicious’ NotPetya cyber-attack

The Russian military was directly behind a “malicious” cyber-attack on Ukraine that spread globally last year, the US and Britain have said. The White House said June’s NotPetya ransomware attack caused billions of dollars in damage across Europe, Asia, and

Dow climbs 253 points as stocks rise for 4th straight day

Stocks rose for the fourth day in a row. The Dow climbed 253 points Wednesday, and it’s back in positive territory for the year. Investors shrugged off warning signs about inflation. The Labor Department reported consumer prices rose 2.1% over

Apple’s guidance for this quarter could be really bad, BTIG analyst says

  Apple will give a forecast for this current quarter that may be shockingly low, according to a BTIG analyst Walter Piecyk. “Smartphone upgrade rates remain at record low levels and do not appear poised to rebound in the first

Can the US rejoin TPP? Yes — with permission

Withdrawing from the 12-nation Trans-Pacific Partnership was one of President Donald Trump’s first moves in office. The deal had been cast aside by Congress and had been, politically, left for dead. In an interview with CNBC in Davos on Thursday, Trump

South Korea to ban cryptocurrency traders from using anonymous bank accounts

  South Korea will ban the use of anonymous bank accounts in cryptocurrency trading from Jan. 30, the nation’s financial regulator said on Tuesday. Local cryptocurrency traders will not be allowed to make deposits into their virtual coin exchange wallets

Bitcoin-crazy South Korea may face a ban on cryptocurrency trading

Bitcoin trading could soon be outlawed in one of the virtual currency’s biggest markets. The South Korean government is preparing a bill to ban trading in all cryptocurrencies including bitcoin, Justice Minister Park Sang-ki said Thursday. “There are great concerns

China’s premier says 2017 GDP growth expected around 6.9 percent

  ChinesePremierLi Keqiang said the economy is expected to have grown around 6.9 percent last year, according to the official Xinhua news agency. China’s foreign exchange reserves continued to rise last year, while the country’s corporate leverage ratio declined at

Oil prices rise to hit four-year high of $70 a barrel

The price of oil has hit $70 a barrel for the first time since December 2014. Brent crude climbed after members of Opec, the cartel of 14 oil-producing nations that accounts for 40% of the world’s output, said it would