(Bloomberg) -- This year’s unexpected 20% rally in Taiwan stocks is poised to close a final chapter in the history of its financial markets. The Taiex index is within 7% of its all-time high from 1990, a milestone that analysts say will likely be topped next year. That year marked the bursting of the bubble in Taiwan stocks, which had rallied even more than shares in Tokyo. Taiwan’s recovery contrasts with Japan’s Nikkei 225, which peaked around ..
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ANKARA (Reuters) - Turkey will attain single-digit interest rates and inflation in 2020, President Tayyip Erdogan told state broadcaster TRT Haber on Monday, adding this will pave the way for an increase in investments. Turkey's central bank has cut its policy interest rate by 10 percentage points since July to 14%. A Reuters poll last week showed it is expected to cut another 1.5 percentage points at its rate decision on Thursday. ..
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WASHINGTON (Reuters) - President Donald Trump on Monday said the United States is doing well with China in hammering out a trade deal, as the clock ticks toward the levying of possible new tariffs on Chinese imports. U.S. tariffs on several consumer products, including mobile phones and toys, are set to kick in on Dec. 15, but there is hope the two countries can come to an agreement that either postpones or cancels them. ..
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(Bloomberg) -- Stephen Poloz’s announcement that he won’t seek a second term as governor of the Bank of Canada kicked off the guessing game on who will succeed him in June. The contest comes as the central bank stubbornly keeps the nation’s benchmark interest rate among the highest of all advanced economies, so one consideration for Prime Minister Justin Trudeau may be whether he has a preference for cheaper money. But given his governing ..
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MILAN (Reuters) - Telecom Italia (MI:TLIT) (TIM) said on Monday it agreed a deal with digital global sports provider DAZN Group that will enable Italy's biggest phone company to broadcast a wide range of sport events on its own video streaming platform TIM Vision. The tie-up follows similar moves by a growing number of telecoms firms hoping to retain clients by giving them a broader choice of video content. Earlier this year TIM sealed a ..
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(Reuters) - SoftBank Group Corp's Vision Fund has agreed to sell its nearly 50% stake in Wag Labs Inc back to the dog-walking startup, the Wall Street Journal reported on Monday citing people familiar with the matter. "We are amicably parting ways with SoftBank and SoftBank will no longer have board representation," Chief Executive Garrett Smallwood said in a memo to employees, the report said. Wag, which earlier this year laid off several ..
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(Reuters) - Morgan Stanley (N:MS) is cutting about 2% of its workforce due to an uncertain global economic outlook, CNBC reported on Monday citing people familiar with the matter. The job cuts will hit technology and operations roles hardest at the Wall Street bank, the report said. Morgan Stanley had 60,532 employees as of Sept. 30. ..
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(Bloomberg) -- The U.S. is unlikely to impose extra tariffs on a new $160 billion swathe of Chinese goods including toys and smartphones come Sunday, Agriculture Secretary Sonny Perdue said. The looming Dec. 15 deadline for new tariffs is just one of a number of events this week putting concerns over trade back at the forefront for investors and policy makers around the world. Besides the ongoing talks with China, the Trump administration is ..
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By Karl Plume CHICAGO (Reuters) - Chinese soy importers on Monday bought at least five bulk cargo shipments of U.S. soybeans, or about 300,000 tonnes, for shipment in January and February after Beijing offered the buyers at least 1 million tonnes in new tariff waivers, U.S. exporters said. The fresh allotment of tariff waivers, which exempts importers from 30% tariffs on U.S. shipments, comes after buyers used up nearly all of the 10 million ..
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Investing.com – Virgin Galactic's space-tourism efforts have been getting a lot of news coverage, but it is the company's plans for hypersonic point-to-point air travel that has Morgan Stanley excited. Morgan Stanley issued a $22 per share price target for Virgin Galactic, estimating that shares of the company could more than double from current levels. Virgin Galactic Holdings (NYSE:SPCE) was up more than 19% on the day. "A viable ..
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