As America gets set to celebrate its 242nd birthday with multi-colored fireworks bursting in air, the suppliers of those pyrotechnics are starting to worry about whether they’ll get stuck in the middle of a trade war. So far, the Trump administration has not included the $1.24 billion fireworks industry on its list of China tariff
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India’s banking sector crisis has left most state lenders hamstrung with mounting levels of bad loans, investigations into fraud and restricted growth opportunities. Amid that storm, private banks are set to emerge as winners. India’s public-sector financial institutions control about 70 percent of all banking assets in the country, but they have the highest exposure
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International attention is on Malaysia’s new government to demonstrate its commitment to political transparency as the criminal case of former scandal-ridden ruler Najib Razak gets underway. Najib’s Tuesday arrest and subsequent charges — three criminal breach of trust counts and one offense of abuse of power — are a major development in a multibillion-dollar corruption
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Patrick Kaser, managing director and portfolio manager at Brandywine Global, believes free cash flow is a key determining factor in whether or not a company will be a lucrative investment. Earnings, however, are not always indicative of a successful company. “There are many ways to manipulate earnings, earnings per share, GAAP, non-GAAP, but there’s very
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Casino stocks fell sharply on Monday on weaker-than-expected gaming revenue data out of Macau. Macau’s Gaming Inspection and Coordination Bureau said gaming revenue for June increased by 12.5 percent to $2.78 billion on a year-over-year basis. Analysts polled by Reuters expected revenue to jump between 17 and 21 percent for June. Shares of Wynn Resorts
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— This is the script of CNBC’s news report for China’s CCTV on June 15, 2018, Friday. Elizabeth One of the biggest ideas in the payments industry is called biometrics. All you need to make a payment? Your voice, your face, your fingerprint, maybe even your heartbeat. Hello Knomi, please verify my identity. There we
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