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NEW YORK: Wall Street tanked on Thursday, slamming the book on the longest-ever U.S. bull market after new travel restrictions to curb the coronavirus spread spooked investors and rattled world markets.
BERLIN: Anyone expecting Germany to ride to the rescue of Europe’s economy is in for a wait.
Everything is awesome in financial markets. The sense that a trade deal may finally be on the cards sent stocks and crude soaring in the US on Thursday, while flight-to-safety trades such as bonds and gold slumped.
Stocks tumble as the two nations swap blows over trade
Malaysian movies are breaking new records in ticket sales in line with global box office uptrend.
LOS ANGELES: Way back in November 2012, as the global economy gingerly emerged from a long recession, an enormous Hollywood Hills estate sold for US$39 million. That unprecedented sale price shocked all real estate observers and sparked an avalanche of gold-digging developers to build and market their own "trophy" modern mansions in the hills.
SINGAPORE: Never mind the trade war. A looming US interest-rate cut is set to replace tariff headlines as the key driver of developing Asian bonds, according to money managers.As traders count down to the Group of 20 summit this week, global funds are looking beyond the outcome to focus on an expected easing in Federal Reserve policy. Portfolio managers reason that regional central banks are likely to follow in the Fed’s footsteps, and this would galvanise demand for Asian bonds.
London: Brunei is facing unexpected hurdles on a prestigious London property project as the kingdom comes under fire for introducing laws persecuting homosexuals.
SINGAPORE: Singapore’s US$200bil state investor is gearing up for more deals in the U.S.