The White House in Washington, DC Bloomberg | Bloomberg | Getty Images A majority of the stock strategies examined by CNBC expect Democratic candidate Joe Biden to win the US presidential race – but they are widely divided over what the stock election would mean. Fourteen of 20 strategists surveyed …
Read More »Asia-Pacific shares higher; new rules over China’s Nasdaq-style ChiNext board launch
Action in the Asia-Pacific fell to trading Monday morning as developments on the coronavirus pandemic continue by investors. Hong Kong’s Hang Seng Index led gains regionally as it jumped 1.43% in early trading. Chinese parts of the mainland were mixed. The composition of Shanghai was slightly higher, while the Shenzhen …
Read More »Norway’s massive pension fund reports loss after ‘volatile’ first half
Norwegian flag for the building of the town hall in Oslo. @ Didier Marti | Moment | Getty Images Norway’s enormous pension fund – the largest sovereign wealth fund in the world – reported negative returns for the first half of the year on Tuesday, calling “major fluctuations” in the …
Read More »China is launching an investigation into some imports from Australia
China’s Ministry of Commerce said on Tuesday it was launching an anti-dumping investigation into some wines imported from Australia. Australian Federal Trade Minister Simon Birmingham said in a statement that Chinese authorities “Australia have also advised that they consider a request to launch an investigation into spending.” “This is a …
Read More »Singapore announces another $ 5.8 billion to boost its coronavirus-hit economy
The Singapore government has allocated another $ 8 billion ($ 5.8 billion) to support the economy coming under pressure from the coronavirus pandemic, Deputy Prime Minister and Minister of Finance Heng Swee Keat said on Monday. “The resulting economic impact has been serious,” Heng, who is also coordinating economic policy …
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