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Analysts say Tech Sector is not in Bubble Territory

In spite of concern surrounding market statistics that suggest rapid growth for the sector, fears that the tech sector is entering another bubble have been dismissed by analysts.   While technology stocks listed on the S&P 500 have risen significantly, the tech laden Nasdaq has...

Germany’s Economy Minister Announces Failed U.S.-EU Free Trade Talks

Talks on the Transatlantic Trade and Investment Partnership (TTIP), a free trade deal being negotiated by the United States and the European Union, has all but failed, said Germany's Economy Minister Sigmar Gabriel on Sunday.   "The negotiations with the USA have de facto failed because we...

Record High Stocks Likely to be Impacted by U.S. Jobs data

Crested by payrolls data on Friday that could sway expectations about the timing of future interest rate hikes and spark volatility in record-high stock prices, Wall Street will fixate on a wave of U.S. economic data next week.   Investors could be helped in lending weight to a minority of...

Ride Hailing Industry is Ripe for Competition, say Economists

The biggest move yet towards consolidation in an industry that many investors and Silicon Valley pundits view as a winner-take-all game was marked by Chinese powerhouse Didi Chuxing's acquisition of Uber Technologies Inc's China operations.   Just as Uber struggled to erode Didi's share in...

Regulatory Clarity Called for by Exchanges over Blockchain Use

The world's trade body for exchanges said that a lack of clarity over regulation is holding back the development of blockchain technology for cutting the cost of share trading.   Blockchain is a tamper-proof shared ledger that can automatically process and settle transactions using computer...

As Profits Surge 166 Percent, Russia’s Largest Bank Sets Record

With banks booming while commodities companies suffered, Russia's corporations painted an accurate reflection of the state of their country's economy.   The net profit reached 145.4 billion rubles ($2.2 billion) in the second quarter of this year for Sberbank, the state-controlled lender and...

Quiet Technocrat Chosen to Replace Rock-Star Rajan at India RBI by Modi

Indian Prime Minister Narendra Modi sought someone who would cement credibility with international investors without upsetting his political base in promoting Deputy Governor Urjit Patel to lead India’s central bank. Both were successfully managed by Raghuram Rajan who steps down on Sept. 4....

Huge Cash to Lure Foreign Pilots Waded by Chinese Airlines

To meet skyrocketing travel demand in the next 20 years, Chinese airlines need to hire almost 100 pilots a week. Chinese carriers are dangling lucrative pay packages at foreigners with cockpit experience having faced with a shortage of candidates at home.   He’s being bombarded every week...

Tepid Response as Shanghai-Hong Kong Connect Could be met for China Opening Shenzhen Stock Market

While it isn’t clear the new "through train" would see any more traffic than the lackluster Shanghai one, efforts by China to draw more foreign investors was evident when China announced plans to open its Shenzhen stock market for foreign investors.   China's Shenzhen stock exchange is home...

Brexit Fears Results in London Loosing out Global Property Crown to New York

Pushed by fears that the vote to leave the European Union would diminish the British capital's appeal as a global financial center, New York has knocked off London as the world's premier city for foreign investment in commercial real estate.   Voters in the U.K. had unexpectedly approved...

Reuters Poll Finds Japan Manufacturers' Mood at Lowest Since 2013

The pain caused by a rising yen was reflected and the huge task facing policymakers to generate growth is highlighted in the results of a poll done by Reuters showcasing the mood of the manufacturers. The poll showed that the mood of the Japanese manufacturers has soured in August to its lowest...

Surge of Robots and Diapers a Betting Point for Firms in an Aging Thailand

In a country where the working-age population will decline this year - a first among the emerging economies of Southeast Asia, the demand for elderly robots is on the increase. For example, apart from exercising with and entertain the elderly with its karaoke skills, keeping track of their...
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