Goldilocks fights back but bears still swinging
LONDON (Reuters) – The fight between Goldilocks bets – on the not too hot, not too cold global economy – and market bears who have delivered some hefty blows in recent weeks, continued on Tuesday with little sign yet of a clear winner.
Surge in global oil supply may overtake demand in 2018: IEA
LONDON (Reuters) – The rise in global oil production, led by the United States, is likely to outpace growth in demand this year, the International Energy Agency said on Tuesday.
Ex-president’s friend jailed for 20 years in South Korea scandal, Lotte chief arrested
SEOUL (Reuters) – The friend of former South Korean leader Park Geun-hye who was at the center of an influence-peddling scandal that rocked the country’s business and political elite has been sentenced to 20 years in jail, a Seoul court said on Tuesday…
History suggests strong economy can ward off bear market
NEW YORK (Reuters) – Faith in the economy is reason to think this current stock market correction is unlikely to deepen into a full-blown bear market.
GM to shut one South Korea plant, decide on fate of others within weeks
DETROIT/SEOUL (Reuters) – U.S. President Donald Trump on Tuesday used a decision by General Motors Co to close one of its four plants in South Korea to launch fresh criticism of the U.S.-South Korea trade agreement.
Friend of former South Korea leader jailed for 20 years, Lotte chief arrested
SEOUL (Reuters) – The friend of former South Korean leader Park Geun-hye who was at the center of an influence-peddling scandal that rocked the country’s business and political elite has been sentenced to 20 years in jail, a Seoul court said on Tuesday…
Investors await Goldman’s $5 billion answers as trading picks up
NEW YORK (Reuters) – Last year, Goldman Sachs Group Inc executives met with some skepticism after unveiling an ambitious plan to grow revenue by $5 billion, whether or not markets remained subdued. Now that trading has picked up, Wall Street is hoping…
IBM sues former HR boss hired by Microsoft
(Reuters) – International Business Machines Corp sued its former executive Lindsay-Rae McIntyre, who was named Microsoft Corp’s new chief diversity officer over the weekend, alleging violation of a one-year non-competitive agreement.
‘Whistleblower’ alleges VIX manipulation, urges regulatory probe
(Reuters) – A scheme to manipulate Wall Street’s fear gauge, VIX, poses risk to the entire equity market and costs investors hundreds of millions of dollars a month, a law firm on behalf of an “anonymous whistleblower” told U.S. financial regulators an…
Icahn, Deason urge Xerox shareholders to oppose Fujifilm deal
(Reuters) – Xerox Corp’s plan to sell itself to Japan’s Fujifilm Holdings has come under further pressure with Carl Icahn and Darwin Deason urging fellow shareholders to oppose the $6.1 billion deal.
