Financial Stock
Alibaba has set another new sales record for this year’s annual “Singles Day” shopping spree. The Singles Day, first started in China as a 24-hour shopping event that celebrates people who are not in relationships, has been such a massive success that it makes Black Friday and Cyber Monday in the United States look like […]
... written on Nov 12 2020China, the world’s most populous country, has benefited most from being a member of the 164-country WTO. It has already become the biggest global exporter. But for the last 17 years since the “Middle Kingdom” joined the free-trading World Trade Organization, foreign companies have been kept in the queue waiting to enter the world’s largest […]
... written on Oct 18 2019Mahathir, the world’s oldest prime minister, appears to have lost his magic touch in running the country, which is burdened with record RM1 trillion debts inherited from the previous corrupt government. Initially praised – even worshipped – for stunningly defeated protégé-turn-nemesis Najib Razak, Mahathir administration has increasingly attracted criticisms. Whether Mr. Mahathir realized it […]
... written on Oct 12 2019On Sunday (July 7) in Europe, 150-year-old German bank – Deutsche Bank – officially launched its restructuring plan to cut a mind-blowing 18,000 jobs by 2022. By Monday morning (July 8), the entire teams in Deutsche Bank’s Asian operations were told to pack and clear their desks, before their security passes are deactivated as their […]
... written on Jul 08 2019Four out of six largest American banks have released their first-quarter financial results over the past week. And their results aren’t convincing. J.P. MOrgan and Wells Fargo reported quarterly profit and revenue that exceeded analysts’ expectations. However, Goldman Sachs and Citigroup missed analyst estimations. All eyes are now on Morgan Stanley and Bank of America. […]
... written on Apr 16 2019Everyone should have experienced at least once where we need to withdraw cash but have forgotten the plastic card – ATM card. Get real, despite the so-called cashless society and internet banking, the cash is here to stay. JPMorgan Chase has become the latest bank to embrace a cardless society – you don’t need your […]
... written on Aug 03 2018Donald Trump is indeed a very happy man. Not even the decision by Michael Flynn, a former national security adviser to the U.S. president, pleading guilty to lying to the FBI could make Trump lose his sleep. An early and vocal Trump supporter, Flynn has apparently made a U-turn and agreed to co-operate with special counsel […]
... written on Dec 04 2017Cash-rich China has been on a shopping spree snapping American assets. They had taken over at least 10 American iconic brands including Motorola, Waldorf Astoria, GE Appliances, Smithfield Foods and AMC Theatres. And they were about to add a 135-year-old Chicago Stock Exchange to their shopping cart – until they’re being stopped now. The […]
... written on Sep 29 2017Over the centuries, the Empire of China has risen only to be invaded, humiliated, disintegrated and demolished, before rising again. And like many past – and ancient – dynasties and kingdoms, China today is experiencing the same cycle all over again – the rise after the humiliating fall of its dominance in the world economy. […]
... written on Sep 12 2017Planning for a holiday in Italy for the first time? Then you should be aware that city such as Rome is one of European top cities where you are most likely to be pick-pocketed. That would be the first advice your tour guide tells you. Believe it or not, thieves in Italy have more rights […]
... written on Jul 04 2017
