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The Rise of Vietnam – the new Asian Innovation hub

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

4 years ago

China reserves cut extends risk rally, U.S. jobs data falls flat

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.



4 years ago

Wall St. opens higher after China stimulus plan, jobs data

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.



4 years ago

U.S. job growth slows further; wages, hours pick up

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.



4 years ago

U.S. August payrolls rose less than expected

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.



4 years ago

Novo Nordisk to cut insulin prices in the U.S.

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.



4 years ago

Cramer to Fed's Powell: Just admit you were wrong to hike rates so aggressively and move on

"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.

4 years ago

Years of forex market calm sends currency funds to the wall

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.



4 years ago

Larry Kudlow says phone call earlier this week with China on trade 'went very well'

White House economic advisor Larry Kudlow said recent conversations with China "went very well."

4 years ago

The disappointing jobs report would have been much worse without newly hired Census workers

The federal government hired 25,000 temporary workers in August in preparation for the 2020 Census, giving the overall jobs gain a big bump.

4 years ago

August jobs report points to slowing economy, Fed rate cut

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.



4 years ago

Risk appetite dampened by lackluster U.S. jobs growth

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.



4 years ago

Wall Street flat after jobs data, China 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.



4 years ago

Roche doesn't need M&A to boost sales, sees growth from own meds: CEO

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.



4 years ago

U.S. launches antitrust probe into California automaker agreement

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.



4 years ago