Saudi crown prince proclaims investment conference a success despite boycott

Saudi Arabia’s crown prince trumpeted on Tuesday a conference that has drawn investment deals worth $50 billion despite a boycott over the killing of journalist Jamal Khashoggi, declaring the event as “great – more people more money”. This year’s Future Investment Initiative was overshadowed by the death of the Saudi journalist, a critic of Crown […]

JP Morgan and Ford cancel plans for Saudi investor conference

JP Morgan & Chase Co Chief Executive Jamie Dimon and Ford Motor Co Chairman Bill Ford canceled plans to attend a Saudi investor conference, the companies said on Sunday, the latest such high-profile announcements after the disappearance of Saudi journalist Jamal Khashoggi. The cancellations could add pressure on other U.S. firms like Goldman Sachs Group […]

Asia stocks down amid US-China trade tensions and US political uncertainty

Asia markets were broadly negative on Tuesday, amid concerns over the ongoing trade spat between the U.S. and China. Mainland China markets closed lower following Monday’s public holiday. The Shanghai composite ended the trading day lower by 0.58 percent at around 2,781.14 while the Shenzhen compositealso slipped by 0.54 percent to close at about 1,437.31. […]

China-U.S. trade war: $168 billion has been wiped off the value of Chinese stocks

Baidu, Alibaba and Tencent — the BATs — have seen over a collective $168 billion wiped off their valuation. Alibaba shares are down over 11 percent year-to-date, Tencent has plunged 22.4 percent, while Baidu is off more than 6 percent. The China-U.S. trade war, concerns over valuation and a regulatory crackdown from Beijing have hit […]

Here’s why Trump’s rising impeachment odds aren’t rattling stock-market investors

By :WILLIAM WATTS Corporate earnings and the economy still appear to carry more weight with investors than President Donald Trump’s mounting legal and political woes, including the threat of impeachment. According to political prediction markets, impeachment odds rose after Trump’s former personal attorney on Tuesday pleaded guilty to campaign finance violations and his former campaign manager […]

Apple could be used as a ‘bargaining chip’ by China in trade war with US, its media warns

Apple has benefited from cheap labor and a strong supply chain in China and needs to share more of its profit with the Chinese people or face “anger and nationalist sentiment” amid the ongoing trade war, an article in the state-backed People’s Daily warned Tuesday. The article originally appeared in another state-backed publication, Global Times, […]