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A New York state judge found Exxon Mobil Corp. not guilty of fraud, saying that the New York state attorney general had failed to establish the oil giant had deceived its investors about how it accounted for the cost of future climate-change regulations...
Market News
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Jiming Huang, 11 December 2019, 12:38
Merck & Co. said it is buying ArQule Inc. for about $2.7 billion, adding to its portfolio of cancer treatments beyond the company's top-selling immunotherapy drug Keytruda. The purchase price, at $20 a share in cash, is more than double Friday's closing price of $9...
Market News
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Jiming Huang, 10 December 2019, 12:40
Global equities fell lower on Tuesday morning ahead of tomorrow FOMC meeting, with front month futures on the S&P 500 erasing Friday’s gains. The effect of the better than expected NFP figures didn’t last long. S&P futures are down 0...
Market News
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Jiming Huang, 10 December 2019, 12:38
OPEC and its allies completed a new production pact to deepen their oil-output cuts, delegates said Friday...
Market News
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Jiming Huang, 9 December 2019, 12:41
Asian markets has opened on a positive note following Friday's US equity markets strong upside reversal. Supporting renewed risk appetite is news that China had allowed exclusion of key US agricultural good from tariffs, lowering worries of escalation between US-China on the 15th...
Market News
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Jiming Huang, 9 December 2019, 12:39
With just one week to go before the UK general election, opinion polls show the opposition Labour Party gaining ground...
Market News
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Jiming Huang, 6 December 2019, 12:26
Mixed signals should temper the appreciation potential of crude oil as upcoming US labor data should provide a boost to the greenback...
Market News
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Jiming Huang, 6 December 2019, 12:20
US President Donald Trump signed the “Hong Kong Human Rights and Democracy Act of 2019” on 27 November, resisting Beijing’s calls to veto the law amid delicate bilateral trade negotiations...
Market News
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Jiming Huang, 5 December 2019, 12:59
With geopolitical tensions rising amid the uncertain outcome of current Sino-American trade talks, EM currencies remain under constant pressure as China’s precondition to reach a phase one deal consisting of a rollback of US tariffs along with the US willingness to include topics such as intellec...
Market News
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Jiming Huang, 5 December 2019, 12:56
Larry Page and Sergey Brin guided Google from a search startup to a massive conglomerate, will remain board members and controlling shareholders Alphabet Inc...
Market News
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Jiming Huang, 4 December 2019, 12:52
2019 has been a record year for the green bond market. More than USD 215bn of new issuance - including monthly records in September and October - have taken the overall market volume to USD 690bn. That's impressive growth considering new issuance was less than USD 50bn in 2015...
Market News
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Jiming Huang, 4 December 2019, 12:51
Airbus SE (AIR.FR) said that the World Trade Organization ruled the U.S. should immediately reduce the $7.5 billion tariffs authorized in October by around $2 billion...
Market News
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Jiming Huang, 3 December 2019, 12:24
The upsurge of AUD despite expectations from the Reserve Bank of Australia to maintain a wait-and-see approach at today’s monetary policy meeting after a series of three rate cuts appears quite surprising, especially considering last week trading session where the Aussie could barely benefit from...
Market News
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Jiming Huang, 3 December 2019, 12:22
Daimler AG (DAI.XE) said that it plans to cut thousands of jobs world-wide over the coming years to save costs amid heavy investments into emissions compliance and future technologies...
Market News
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Jiming Huang, 2 December 2019, 12:29
Markets sentiment improves following the release of upbeat PMI releases in China for November, in line with positive developments globally that flashed earlier globally...
Market News
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Jiming Huang, 2 December 2019, 12:27
Remy Cointreau SA (RCO.FR) said Thursday that net profit in the first half of the fiscal year increased, buoyed by proceeds from disposals. The French drink maker made a profit of 90.5 million euros ($99.4 million) for the six months ended Sept. 30, up from EUR87...
Market News
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Jiming Huang, 29 November 2019, 13:22
The latest release of data clearly shows that further fiscal easing is undoubtedly needed to try to mitigate the slowdown in private consumption in Japan...
Market News
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Jiming Huang, 29 November 2019, 13:20
In the latest hurdle confronting Boeing Co.'s bid to get its grounded 737 MAX fleet back in the air, federal regulators now intend to inspect and sign off on every jet individually before delivery to airlines...
Market News
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Jiming Huang, 28 November 2019, 12:21
Thanksgiving seems to start on a high note at first sight following the release of a positive GDP revision for third quarter that pictures a stronger US economy...
Market News
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Jiming Huang, 28 November 2019, 12:19
HP Inc. posted lower fiscal fourth-quarter earnings as its printing business remained weak, helping to spur an increasingly acrimonious takeover approach from rival Xerox Holdings Corp. HP said net income fell to $388 million from $1...
Market News
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Jiming Huang, 27 November 2019, 12:33