Accelerating growth has given the administration more leverage over trading partners. But economists warn of potential headwinds beyond this year.
Biz - Money
MSCI returned Argentina to emerging market status for the first time in nearly a decade, a move that is expected to provide a much-needed boost to the beleaguered country.
In a conversation with Barron's following better-than-expected quarterly results from Micron Technology, the CEO of the memory-chip maker, Sanjay Mehrotra, said the company's focus on reducing the cost of manufacturing and selling more and more products that are of higher value is paying off. Micron shares were up almost 3% in late trading.
And it will be easier to monetize than two of the others.
Industrial property heavyweight Goodman Group has increased its footprint in South America with a partnership to develop and invest in warehouses in Brazil, .
Asian stocks were mixed on Thursday, though many of the region’s moves were muted. Japan’s Nikkei 225 index rose 0.8%, while Hong Kong’s Hang Seng index lost 0.3%. But Australia’s stocks are on a tear.
Commonwealth Bank of Australia (CBA) said on Thursday the federal court had approved its settlement with the Australian Securities and Investments Commission (ASIC) in relation to allegations it manipulated the bank bill swap rate (BBSW).
Oil prices fell on Thursday as Iran signaled it could be won over to a small rise in OPEC crude output, potentially paving the way for the producer cartel to agree a supply increase during a meeting on Friday.
China's commerce ministry on Thursday accused the United States of being "capricious" over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt by Washington's penchant for brandishing "big sticks".
Chinese direct investment in the US totaled $1.8 billion between January and May. That's a 92 percent drop compared to the same period in 2017, and the lowest level in seven years, according to a report released Wednesday by Rhodium Group, a US research firm which tracks Chinese direct investment in the US.