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2 Articles
Source: Common Domain

Why investors are growing increasingly anxious about China

Saturday 15:25 GMT

Weakness in China’s currency and a rout in its stock market in 2018 are raising warning bells among investors haunted by memories of the August 2015 devaluation scare and the ensuing volatility that spooked investors.

The GDP report represented the weakest read since 2009 and was followed by a parade of statements from the People’s Bank of China, its securities regulator and banking and insurance regulator in support of the stock market and what was billed by that cohort as China’s positive economic fundamentals.

1 Article
Source: Common Domain

5G Has Arrived. It’s Been A Long Wait for Ericsson, Nokia.

Friday 22:47 GMT

Ericsson and Nokia have been waiting a while for the long-expected 5G sales boost, and it is unclear how sustained it might be.

Ericsson AB, the Swedish industry giant, reported its first profit in nine quarters, beating investor expectations and sending its shares sharply higher Thursday. The company cited strong demand from North American carriers for cellular-tower electronics and related equipment.

1 Article
Source: Fox News

Apple's Tim Cook demands Chinese spy chip story to be retracted by Bloomberg

Saturday 18:11 GMT

Apple CEO Tim Cook has upped the ante in its denial of an investigative report claiming a Chinese spy chip was embedded into the tech giant's servers, telling BuzzFeed News that Bloomberg must retract the story--"This did not happen. There's no truth to this.". "I was involved in our response to this story from the beginning," Cook said according to Buzzfeed.

Bloomberg Businessweek in its October story alleged that data center hardware used by Apple and Amazon Web Services, provided by server company Super Micro, was under surveillance by the Chinese government.

1 Article
Source: CBS News

Top DHS official Chris Krebs says ensuring election security is "a race without an end"

Saturday 09:55 GMT

Chris Krebs, the under secretary for the Department of Homeland Security's National Protection and Programs Directorate, says election security is "a race without end." On "The Takeout" podcast this week, Krebs said that while Americans should be reassured that while the 2018 election will be "one of the most secure" elections of the modern era, DHS is constantly on the forefront of battling attempted interference.

1 Article
Source: DW

2018 wildlife photography winners highlight nature's beauty

Saturday 13:35 GMT

Roz Kidman Cox, chair of the judging panel, called it a "symbolic reminder of the beauty of nature and how impoverished we are becoming as nature is diminished."

Send Facebook Twitter google+ Whatsapp Tumblr linkedin stumble Digg reddit Newsvine. In your time taking wildlife photos, have you begun noticing any effects of climate change, in South Africa or other areas? [Over the last 10 years,] I've definitely noticed it in the places I visit regularly, like Mashatu, where the drought season is becoming longer, and how the rainy season is coming at irregular times every year.

1 Article
Source: Common Domain

Dow up nearly 200 points as stock market aims to follow China rebound

Saturday 13:35 GMT

U.S. stocks kicked off Friday trading solidly higher as a rebound in China’s main equity benchmarks assuaged dread about waning global growth, even as Beijing reported the worst rate of economic expansion since 2009.

The Dow Jones Industrial Average DJIA, +0.77% rose 190 points, or 0.7%, to 25,569, while the S&P 500 index SPX, +0.92% advanced 24 points, or 0.9%, to 2,793. Friday’s action also comes on the 31st anniversary of the 1987 stock-market crash.

1 Article
Source: CBS News

U.S.-China trade feud dents American automakers

Saturday 13:35 GMT

The Goldman analysts base their case on a clause contained in the recently concluded trade agreement with Canada and Mexico.

Analysts are warning of more headwinds for car manufacturers, thanks partly to fears that the Trump administration will impose previously threatened auto tariffs on additional countries in Europe and Asia. Goldman Sachs recently predicted that tariffs for Japan, Korea and the European Union are likely sometime after the U.S. midterm elections.

1 Article
Source: DW

Taiwan to hold independence rally, irking China

Saturday 13:35 GMT

A group of pro-independence activists will gather in Taipei on Saturday to protest against China's increasing hostility toward the self-ruled island and push the Taiwanese government to take a more assertive stance on the issue of Taiwan's independence.

Pro-independence activists on the self-ruling democratic island are taking to the streets on Saturday demanding the government make way for a public referendum on independence from China.

1 Article
Source: Reuters

China moves to lift confidence as economic growth hits weakest pace...

Saturday 17:15 GMT

China’s economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving quickly to calm nervous investors as a years-long campaign to tackle debt risks and the trade war with the United States began to bite.

An official with China’s top economic planning agency said in July that China’s economy needs to maintain around 6.5 percent growth in order to ensure enough jobs are created, an indication that Beijing may not be comfortable with growth much below current levels.

1 Article
Source: Common Domain

Amazon and other battered tech stocks to buy after an ugly October for the Nasdaq

Saturday 10:50 GMT

TGIF…. Dow YMZ8, +0.44%  , S&P 500 ESZ8, +0.39%  and Nasdaq NQZ8, +0.63%  futures are hanging in there with gains on the heels of Thursday’s volatile action, which saw the Dow DJIA, -1.27%  shed 300 points, and losses for the S&P and Nasdaq.

Investors in the Nasdaq can attest to that fact after the index received a drubbing in the first three weeks of the month that has thusly slashed nearly 7% from the tech-heavy benchmark.

1 Article
Source: Common Domain

The Crisis in U.S.-China Relations

Saturday 17:15 GMT

China is not responsible for America’s health-care crisis, aging infrastructure, poor public schools, exploding debt or inadequate immigration policy.

What provided the impetus for a third era in Sino-American relations was growing economic interaction, initiated by Deng Xiaoping, who took power after Mao and in 1978 declared a policy of “reform and opening.” Each side sought access to the market of the other, and the Chinese economy began its long and spectacular rise.

1 Article
Source: BBC

Apple boss calls for chip story retraction

Saturday 19:05 GMT

Apple chief executive Tim Cook has called for the retraction of a story alleging Chinese infiltration in its and other major firms' infrastructure.

"Like our partners in the UK, the National Cyber Security Centre, at this time we have no reason to doubt the statements from the companies named in the story."

1 Article
Source: Fox News

Stock futures may rebound ahead of earnings reports

Saturday 08:05 GMT

In Europe, London’s FTSE opened up 0.2 percent, Germany’s DAX was lower by 0.1 percent and France CAC was higher by 0.1 percent.

U.S. stocks fell Thursday after U.S. Treasury Secretary Steven Mnuchin tweeted that he will not attend the Saudi summit. On the economic calendar, traders will get the latest numbers on existing home sales.


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte