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North Korea Warns US of `Greatest Pain' if Sanctions Pass – BloombergQuint

BloombergQuint North Korea Warns US of `Greatest Pain' if Sanctions PassBloombergQuint(Bloomberg) — North Korea warned of retaliation if the United Nations Security Council approves a U.S. proposal for harsher sanctions after Pyongyang conducted its sixth and most powerful nuclear test. Kim Jong Un's regime “is closely following the …and more » Source: Business and finance

Electric Cars Reach a Tipping Point – BloombergQuint

BloombergQuint Electric Cars Reach a Tipping PointBloombergQuintJust 695,000 electric vehicles were sold in 2016, according to Bloomberg New Energy Finance, equivalent to about three days of sales in an 84 million-strong market. Including those already on the roads, the global car fleet is roughly a billion-strong.and more » Source: Business and finance

China Foreign Reserves Rise a Seventh Month Amid Yuan Strength – BloombergQuint

BloombergQuint China Foreign Reserves Rise a Seventh Month Amid Yuan StrengthBloombergQuint(Bloomberg) — China's foreign-exchange reserves posted a seventh straight gain in August as the yuan rose in its best monthly performance in at least a decade. Key Points. Stockpile climbed $11 billion to $3.09 trillion, the People's Bank of China …and more » Source: Business and […]

Speak Free, Grow Fast to Skirt Social Unrest: Rajan to India – BloombergQuint

BloombergQuint Speak Free, Grow Fast to Skirt Social Unrest: Rajan to IndiaBloombergQuint(Bloomberg) — India must boost growth if it's to provide enough jobs for what will be the world's biggest workforce, and history shows that some of the country's best economic phases have come when society is most open, said Raghuram Rajan. Speaking a …and more » […]

Al Hunt, Bloomberg View: What is Trump's strategy on explosive issues of immigration, North Korea? – Waco Tribune-Herald

Al Hunt, Bloomberg View: What is Trump's strategy on explosive issues of immigration, North Korea?Waco Tribune-HeraldRichard Bolling, the scholarly congressman of an earlier generation, taught me, as a young reporter, that politics is a seamless web: Every act affects other actions. It's a shame the late Missouri lawmaker isn't around to counsel Donald Trump. In […]

Bocom Rating Cut Sounds Alarm on China's Deposit Shortage – BloombergQuint

BloombergQuint Bocom Rating Cut Sounds Alarm on China's Deposit ShortageBloombergQuint(Bloomberg Gadfly) — As the world frets about China's excesses in lending, the downgrade of Bank of Communications Co. by Moody's Investors Service is a reminder that investors ought to pay attention to the funding side as well. The ratings company …and more » Source: Business and […]

Dollar Halts Drop as Markets Digest Lack of ECB Intervention – BloombergQuint

BloombergQuint Dollar Halts Drop as Markets Digest Lack of ECB InterventionBloombergQuint(Bloomberg) — The dollar stemmed the bleeding after earlier falling to the lowest in two years as Treasury yields rose from session lows and as key technical levels held amid light profit-taking. The Bloomberg dollar index was down about 0.7 percent …and more » Source: Business […]

Draghi's Claim of QE Flexibility Is Attracting Doubters – BloombergQuint

BloombergQuint Draghi's Claim of QE Flexibility Is Attracting DoubtersBloombergQuint(Bloomberg) — The European Central Bank may not have as much flexibility left in its bond-buying program as Mario Draghi insists. As the Governing Council kicks off discussion about the future of its asset purchases, the question that will loom large …and more » Source: Business and finance

Stocks Radar: ITC, InterGlobe Aviation, Just Dial, MSR India – BloombergQuint

BloombergQuint Stocks Radar: ITC, InterGlobe Aviation, Just Dial, MSR IndiaBloombergQuintThe analyst consensus price target was Rs 339.30, Bloomberg data showed, implying a potential upside of 15.1 percent from the current market price. The stock has returned 54 percent so far this year, against a 33.1 percent gain in the Nifty Bank Index.and more » Source: Business […]

Bitcoin's Golden Future – Bloomberg

Bloomberg Bitcoin's Golden FutureBloombergIt's comically difficult for ordinary investors to buy an actual barrel of crude oil, as Tracy Alloway of Bloomberg News found out a few years back. The economist John Maynard Keynes, according to one possibly apocryphal story, once measured up the …and more » Source: Business and finance