Daily Fintech | Arunkumar Krishnakumar | Sep 6, 2019 Poor existing banking infrastructure? No major Unicorns from the local ecosystem? – No problem. The rise of Vietnam as an innovation/Fintech hotbed is a fascinating trend. A tech savvy population, supportive government regulations, and high smartphone penetration – a great combo that has done wonders to
Stimulus from China capped a strong week for global share markets on Friday, as mixed U.S. jobs data kept bond buyers and dollar dealers on the back foot after the first significant selloffs in those assets in months.
U.S. stocks opened higher on Friday as China rolled out a stimulus plan to shore up its flagging economy and weak jobs data cemented expectations of an interest rate cut by the Federal Reserve later this month.
U.S. job growth slowed more than expected in August, with retail hiring declining for a seventh straight month, but strong wage gains should support consumer spending and keep the economy expanding moderately amid rising threats from trade tensions.
U.S. job growth slowed more than expected in August, with retail hiring declining for a seventh straight month, but strong wage gains should support consumer spending and keep the economy expanding moderately amid rising threats from trade tensions.
Novo Nordisk will offer cheaper insulin to U.S. diabetics, the Danish drugmaker said on Friday, in response to criticism over the high price of the medication and after similar moves by rivals Sanofi and Eli Lilly.
"The Fed chair should be bullied by the bond market. And the bond market is saying, 'Whoa, are you wrong,'" says CNBC's Jim Cramer.
The Chinese yuan's tumble is stirring hopes of a long-awaited volatility boost for forex markets but any rise will be too late for the currency funds that have shut down this year, and it may be too small to hold out much hope for those that remain.
White House economic advisor Larry Kudlow said recent conversations with China "went very well."
The federal government hired 25,000 temporary workers in August in preparation for the 2020 Census, giving the overall jobs gain a big bump.
U.S. job growth slowed more than expected in August, reflecting the U.S. trade war with China and raising expectations for a Federal Reserve rate cut this month.
Wall Street eked out gains on Friday and the dollar lost ground as a weaker-than-expected U.S. jobs report tempered investor sentiment on the heels of China's announced economic stimulus plan.
U.S. stocks treaded water on Friday as underwhelming jobs data rounded off a week of mixed economic signals about the domestic economy, while a new stimulus plan from China helped ease some concerns around global growth.
Swiss drugmaker Roche sees sales rising in the longer term from medicines in its own pipeline, Chief Executive Severin Schwan told Reuters on Friday, adding he does not want or need to do takeovers to mitigate looming patent losses.
The U.S. Justice Department is investigating whether the decision of four automakers in July to reach a voluntary agreement with California to adopt state emissions standards violated antitrust law, people briefed on the matter said on Friday.