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Monthly Archives: June 2018

Colombia is heading for a run-off presidential election

Sebastian Delgado | SOPA Images | Getty Images Young people marching against fraud in some formats of vote counting in the last presidential elections of Colombia on May 31, 2018. Last month, Colombia held its first presidential election since the government signed a historic 2016 peace agreement with guerrilla movement …

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US, South Korea and Japan officials speak after North Korea summit

Chung Sung-Jun/Getty Images U.S. Secretary of State Mike Pompeo, South Korean Foreign Minister Kang Kyung-wha and Japanese Foreign Minister Taro Kono hold a joint press conference on June 14, 2018 in Seoul. American, South Korean and Japanese officials strove to present a unified stance Thursday in an effort to quell …

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LG Electronics stock up 4 percent as Kospi drops more than 1 percent

SeongJoon Cho | Bloomberg | Getty Images The LG Electronics logo is seen at the World IT Show in Seoul, South Korea, on May 23, 2018. Shares of LG Electronics jumped more than 4 percent on Thursday, outperforming other South Korean technology shares and the broader market. LG Electronics rose …

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Impact on Japan, South Korea, rest of Asia

Chung Sung-Jun | Getty Images News | Getty Images A South Korean man reads a newspaper reporting the U.S. President Trump meeting with North Korean leader Kim Jong-un on June 12, 2018 in Seoul, South Korea. Tuesday’s U.S.-North Korea summit was hailed as a diplomatic breakthrough, but it unleashed critical …

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China’s industrial output in May grew 6.8 percent

Feng Li | Getty Images Workers assemble televisions on the production line of Tianle Group Co., Ltd on July 3, 2012 in Shengzhou of Zhejiang Province, China. China’s industrial output grew 6.8 percent in May from a year earlier, missing expectations, while fixed-asset investment growth slowed to 6.1 percent in …

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Japan is reportedly considering an Abe-Kim summit

Mikhail Svetlov | Getty Images Japanese Prime Minister Shinzo Abe at a press conference at the Kremlin on May 26, 2018 in Moscow, Russia. Japan is working on arranging a meeting between Prime Minister Shinzo Abe and North Korean leader Kim Jong Un, with one possibility including the premier’s visit …

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China is booming, but next comes Trump’s tariff verdict

Getty Images President Donald Trump and China’s President Xi Jinping (not shown) make a joint statement at the Great Hall of the People on November 9, 2017 in Beijing, China. Beijing is surely watching closely as a deadline for proposed American tariffs on China draws near, but any concern has …

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Comcast bids $65 billion for 21st Century Fox assets

Scott Eells | Bloomberg | Getty Images Brian Roberts, chairman and chief executive officer of Comcast Corp. Comcast announced a $65 billion bid for Twenty-First Century Fox units that are currently in an agreement to be acquired by Walt Disney Co. The bid, announced Wednesday, represents a 19 percent premium …

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Markets increase bets for fourth rate hike this year after Fed statement

Aaron P. Bernstein | Reuters Jerome Powell looks on after a swearing-in ceremony February 5, 2018 at the Federal Reserve in Washington, DC. Markets increased their expectations for a fourth interest rate hike this year after the Federal Reserve released its statement and economic projections on Wednesday. Fed funds futures …

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The UK Parliament can’t ‘tie the hands’ of my government

Neal | Getty Images Britain’s Prime Minister Theresa May holds a press conference at the end of the second day of the G7 Summit on June 9, 2018 in La Malbaie, Canada. The U.K. Parliament is made up of elected representatives from around the country. The ruling government, which runs …

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