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Monthly Archives: June 2018

BOE financial stability report attacks EU position on £29 trillion of derivatives

Stefan Wermuth | Reuters Bank of England governor Mark Carney leaves Number 10 Downing Street in central London, Britain October 31, 2016. The Bank of England (BOE) has attacked the European Union (EU) for risking the possibility that £29 trillion ($38 trillion) worth of derivatives could becoming untradeable after March …

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North Korea could account for nearly a quarter of a unified Korean Peninsula’s economy one day, UBS says

North Korea could account for up to 24 percent of the Korean Peninsula’s total gross domestic product in 20 years under reunification with the South, UBS estimated in a report this week. The rogue state currently accounts for 1.1 percent of the regional economy. Tensions around the nuclear state have …

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Buy Nvidia because its new gaming chips will launch soon: Analyst

Tyrone Siu | Reuters Nvidia co-founder and CEO Jensen Huang attends an event during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. Nvidia shares will thrive as the company releases its next generation gaming graphics chips later this year, according to one Wall Street firm. Raymond James …

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Florida Senate race is close, while Democrats hold solid leads in Arizona and Ohio, polls say

Tom Williams | CQ-Roll Call | Getty Images Rep. Kyrsten Sinema, D-Ariz.  The likely Democratic nominee, U.S. Rep. Kyrsten Sinema, holds a double-digit lead over all of her potential opponents, according to an NBC/Marist poll. In a hypothetical contest with Rep. Martha McSally, Sinema gets 49 percent of support among …

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GE upgraded by Oppenheimer on debt reduction plan; shares rise

Scott Eisen | CNBC John Flannery, GE CEO, speaking at CNBC’s Net Net event in Boston, MA, on April 11, 2018. General Electric is set for better performance as the company’s leadership works to break off segments of the business, according to analysts at Oppenheimer, who upgraded shares of the …

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Google retires DoubleClick, AdWords brand names

Stephen Lam | Reuters Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Google announced on Wednesday the biggest-ever rebranding of its advertising software, retiring the DoubleClick and AdWords brands to streamline entry points for advertisers and ad …

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Supreme Court is poised to issue a major labor ruling as its term ends

Al Drago | Bloomberg | Getty Images A person waves an American flag outside the the U.S. Supreme Court building as the court rules on the final opinions of term in Washington, D.C., on Monday, June 25, 2018. The U.S. Supreme Court is due on Wednesday to rule in a …

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GE, Pratt & Whitney, Rolls-Royce told to bid for new plane

Andrew Harrer | Bloomberg | Getty Images Dennis Muilenburg, chairman and CEO of Boeing. The company says 1 out of every 4 jetliners rolling off its assembly lines is being bought up by Chinese customers. A major step towards the launch of a Boeing 797 has been taken after different …

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German coalition collapse threat after talks fail to solve migrant row

Aurore Belot | AFP | Getty Images German Chancellor Angela Merkel gives a press conference at the end of EU Eastern Partnership summit at the European Council in Brussels on Nov. 24, 2017. The threat of collapse still loomed over Germany’s three-month old coalition government on Wednesday after crisis talks …

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Europe’s divisions over migration likely to be exposed as leaders meet

ANDREAS SOLARO | AFP | Getty Images Migrants and refugees are transferred from the Topaz Responder ship run by Maltese NGO ‘Moas’ and the Italian Red Cross to the Spanish war ship Navarra, after being rescued off the coast of Libya on November 5, 2016. How Europe should prevent migrants …

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