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Xi hits back at critics who call China’s opening up ‘a Joke’

Xi hits back at critics who call China’s opening up ‘a Joke’

Xi’s remarks ended on a conciliatory note, calling on nations to “abandon those Cold War mentalities and zero-sum games. Chinese President Xi Jinping. (AFP pic) BEIJING: Chinese President Xi Jinping hit back at critics, saying in a speech on Thursday that those who think the nation’s opening up is “a joke” haven’t seen the confidence […]

June 21, 2018 | By | Reply More
Retailers have one fewer excuse as states can tax online sales

Retailers have one fewer excuse as states can tax online sales

Good news is a welcome change for a sector that’s endured a brutal few years with surging bankruptcies, store closings and the liquidation of big-name chains like Sports Authority Inc. and Toys “R” Us Inc. Amazon. (Reuters pic) NEW YORK: Chalk up another victory for brick-and-mortar retailers. The industry is on a winning streak after […]

June 21, 2018 | By | Reply More
States can require Internet tax collection, Supreme Court rules

States can require Internet tax collection, Supreme Court rules

Broader taxing power will let state and local governments collect an extra $8 billion to $23 billion a year, according to various estimates. All but five states impose sales taxes. The US Supreme Court is seen after the court revived Ohio’s contentious policy of purging infrequent voters from its registration rolls, overturning a lower court […]

June 21, 2018 | By | Reply More
A wave of new environmental laws is scaring shipowners

A wave of new environmental laws is scaring shipowners

THE shipping industry has encountered rough seas over the past decade. Between 1985 and 2007 trade volumes shot up at around twice the rate of global GDP but since 2012 their rate of growth has barely kept pace, leaving the industry with overcapacity. Freight rates for containers have plunged by a third since 2008. Worse may be to come. The industry does […]

June 21, 2018 | By | Reply More
Glencore dodges American sanctions rather than spurn its friends

Glencore dodges American sanctions rather than spurn its friends

AMONG Africa’s many foreign fixers and mining tycoons, few are more colourful than Dan Gertler, an Israeli diamond trader. Just over 20 years ago at the age of 23 he took a punt on Laurent Kabila, the rebel who in 1997 had just seized the Democratic Republic of Congo (then Zaire) from Mobutu Sese Seko, […]

June 21, 2018 | By | Reply More
A maverick French telecoms firm attempts Italian conquest

A maverick French telecoms firm attempts Italian conquest

“CHOOSE truth. Choose Iliad,” entreats the voice-over of a television advertisement after images of President Donald Trump speechifying and footballers feigning injuries flash across the screen. That may seem pretentious for a mobile provider, but the advert is part of Iliad’s entry into Italy, which began on May 29th. The group, led by one of […]

June 21, 2018 | By | Reply More
Most stockmarket returns come from a tiny fraction of shares

Most stockmarket returns come from a tiny fraction of shares

IN his book about the use of language, “The King’s English”, Kingsley Amis describes a tug-of-war. On one side are “berks”, careless and coarse, who would destroy the language by polluting it. On the other side are priggish “wankers”, who would destroy it by sterilisation. Get our daily newsletter Upgrade your inbox and get our […]

June 21, 2018 | By | Reply More
China considers its response to Donald Trump’s proposed tariffs

China considers its response to Donald Trump’s proposed tariffs

FOR now, at least, when speaking of the trade dispute with America, China’s government is taking a more-in-sorrow-than-in-anger tone. That helps explain the Chinese public’s surprisingly measured views of Donald Trump, and gives the Chinese government some breathing room to consider its options. The state media have so far taken the high ground. True, the […]

June 21, 2018 | By | Reply More
FBM KLCI slides below 1,700 points to 16-month low

FBM KLCI slides below 1,700 points to 16-month low

PETALING JAYA: The local stock market’s benchmark index slipped below the 1,700-point phychological level today as investors were spooked by continued uncertainy in the trade spat between the US and China. The FBM KLCI sank as much as 27.86 points or 1.63% to 1,681.89 points, its lowest level since January 2017. At the close of […]

June 21, 2018 | By | Reply More
Opec confident of deal ahead of crucial talks with partners

Opec confident of deal ahead of crucial talks with partners

VIENNA: Organisation of the Petroleum Exporting Countries (Opec) energy ministers expressed optimism today they were nearing a compromise on oil output policy, with Saudi Arabia acknowledging that a big production increase would be “politically unacceptable” to arch foe Iran. Opec and non-Opec partner countries are due to hold crunch talks here today and tomorrow to […]

June 21, 2018 | By | Reply More