latest news headlines

Emerging markets bask in glow of dollar weakness.

LONDON -- With the dollar at 13-month lows, emerging stocks headed for a second straight week of gains on Friday and yields on emerging currency bonds hovered at their lowest in 2-1/2-years as the sector enjoyed buoyant fund inflows.

- BangkokPost - TH

Will Britain end up agreeing a lengthy transition deal with the EU?.

It's those seeking to prevent a referendum re-run who have the most to fear from a bungled exit. You can check out, but you'll never leave? Today's papers all cover the growing momentum behind a transition arrangement after Britain leaves the European Union, whereby the United Kingdom remains in the single market and ...

- New Statesman - UK

China bans imports of garbage from overseas.

China is to ban importing 24 kinds of solid waste from overseas because of the damage it creates to the environment and people’s health, according to a government official. China previously allowed the imports because the rubbish was recycled, creating extra supplies of metals and materials in short supply for use in ...

- South China Morning Post - HK

Wall St and European markets stall, while Australian dollar stops short of US80c mark.

Australian shares are set to open flat or slightly lower, following uninspiring leads from US and European markets.

- ABC News - AU

Oil rises on weak dollar, Gulf tensions as producers set to meet.

By Karolin Schaps LONDON - Oil prices edged higher on a weaker dollar and diplomatic tensions in the Gulf, but Brent held below the $50 per barrel level that was breached for the first time in six weeks on Thursday. Investors were also taking positions ahead of a meeting between OPEC and non-OPEC members in Russia on ...

- Sify - IN

Johnny Depp, ex-business manager trade blame for lost riches.

Hollywood heartthrob Johnny Depp took in hundreds of millions of dollars as Captain Jack Sparrow in Disney's Pirates of the Caribbean franchise and other movies, but not enough to pay for his own swashbuckling lifestyle.

- Stuff - NZ

Euro surge to two-year high prompts stocks pause.

LONDON - The euro's surge to an almost two-year high dominated financial markets on Friday, with most major stock exchanges consolidating after a second strong week of gains while those in mainland Europe dipped.

- Reuters - US

Chinese drivers hate that new car smell, so Ford is trying its best to get rid of it.

That "new car smell" can be pretty divisive. Some of us love it, yet the rest absolutely can't stand it. In China, it seems the majority hate it. And the fast-growing market is so valuable that Ford is going out of its way to get rid of the new car smell, so people don't get turned off. SEE ALSO: Made-to-order amphibious ...

- Mashable! - US

Commodities Corner: How OPEC committee's coming meeting could make or break oil prices.

A joint OPEC and non-OPEC ministerial monitoring committee will meet Monday in Russia as the global oil market continues to struggle to reach balance in the face rising crude output from the U.S. and wavering commitment to pledged production curbs.

- Marketwatch - US

MarketWatch First Take: Nobody told the euro that Mario Draghi was dovish.

European Central Bank President Mario Draghi's unwillingness to commit to a September announcement on tapering bond purchases is described as tacitly dovish, but the euro's continued rise indicates investors still think a move is coming in the fall.

- Marketwatch - US

BITU president warns about dangers of 'new world of work'.

PRESIDENT of the Bustamante Industrial Trade Union , Senator Kavan Gayle, says his union has no option but to prepare its members for the challenges and opportunities associated with an emerging “new world of work”.

- - JM

Five markets charts that matter for investors 

The EM carry trade, European equities and QE and the S&P 500 

- Financial Times - US

Most Leave voters back free movement – you just have to explain it

The argument during the referendum was never about free movement, but about immigration in general.  This week, a piece of YouGov polling flipped on its head a widely held belief about the public's attitude to immigration in the context of Brexit. The headline question was: In negotiating Britain's departure from the ...

- New Statesman - UK

Premarket: Euro's surge to two-year high prompts stocks pause

Investors move past worries over U.S. growth, signs world's central banks are moving toward tigher monetary policy

- The Globe and Mail - CA

FBI, Allies Shut Two Big Dark Web Sites for Drugs, Guns

Two of the world's largest online marketplaces for criminal goods have been shut down in a global operation that also resulted in the arrest of their owners and the freezing of millions of dollars in alleged criminal proceeds.

- Wall Street Journal - US

EU-NATO counter-hybrid data exchanges are high, set to move higher

Data exchanges and co-ordination between NATO and the European Union to combat hybrid threats have reached an unprecedented level, says the European Commission, which on 19 July released its first progress report regarding 22 areas of action by the 28 EU nations to stymie the threats. We

- Jane’s - US

The Tell: 5 'unlovable' plays that could pay off big in a world of ballooning asset prices

U.S. stocks? Hardly. Real estate? Not anywhere around here. Europe? Nope. Asia? Nah. The dollar? No. Credit? Not even close. Clearly, finding bargains in this climate is tough and getting tougher.

- Marketwatch - US

Taiwan market: Fujitsu launches new notebooks

Fujitsu has launched its new NB Lifebook U9-series notebooks in the Taiwan market targeting the business PC sector. The Japan-based brand aims to double its notebook shipments in the local market in 2017.

- DigiTimes - TW

Teco produces electric tricycles in Philippines

Own-brand electric machinery and home-use electric appliance maker Teco Electric & Machinery began producing 5-seat electric tricycles at a factory in Subic Bay specifically for the Philippines market at the end of 2016, according to the company.

- DigiTimes - TW

Something legendary is here….

Recognising the epic advantage of collaboration across their specialist skills and services, four Taupō businesses, The Business Studio, Good Graphic Design, Resonate Marketing and MediaSolve came together as a single agency at a brand relaunch at ...

- Scoop NZ - NZ

7 ways to craft highly engaging content

Pump up your content marketing strategy—along with your brand's online image—by creating articles, videos and more that are actionable. Here's how you can do it.

- - US

Peru's Organic Ginger is a Big Deal

Peru's brand of ginger boasts a stronger and bolder flavor; it is in high demand by health food services around the world. “Peruvian ginger is 100% sustainable,” claimed Lorena Green of Natural Green Corp.  Part of this sustainability is the Fair Trade label that her company has earned as they provide ...

- Peruthisweek - PE

Euro hits highest in almost two years as Draghi fails to convince markets

The euro hit its highest point in almost two years in morning trading against the US dollar after European Central Bank president Mario Draghi failed to stem its rapid rise in recent weeks. Draghi struck a dovish tone at the meeting in Frankfurt, with no firm date given to an announcement on the future of the quantitative ...

- City AM - UK

Outcome of yesterday's ECB meeting

Investors' attention was redirected to the European Central Bank meeting yesterday. They speculated on whether ECB president Mario Draghi will hint on tapering of the quantitative easing program in place, giving the strong economic data we are seeing out of the Europe. The expectations of the market in relation to the ECB ...

- - MT

The first 'beer for women' faces backlash

A beer marketed specifically at women is facing a major backlash online with social media users branding it "sexist" and "stupid".The beer, brewed in the Czech Republic, comes in a pretty pink bottle and has been marketed as the...

- The New Zealand Herald - NZ

Currency rates for July 21

Official exchange rate of the US dollar and euro to Azerbaijani manat for July 21 was set at 1.7012 manats and 1.9783 manats, respectively.

- AzerNews - AZ

What you need to know before the open

Today's top story: Barnier: Don't use Brexit to slash taxes and red tape Today's leader: Ending austerity now? That's not what Keynes would have done As MPs retreated to their constituencies for the summer, there were still some politics to be done, as the European Commission's chief Brexit negotiator, Michel Barnier, ...

- City AM - UK

British American Tobacco adds Reynolds directors as $49bn deal nears end

British American Tobacco has appointed three new non-executive directors as it prepares to close its acquisition of tobacco rival Reynolds. The new additions from Reynolds were agreed under the terms of the $49.4bn deal, which is expected to create the world’s largest listed tobacco company. BAT, the third-largest ...

- City AM - UK | Dollar stays weak on US politics, Aussie falls

Stocks in Asia pared a back-to-back weekly advance while the dollar returned to its lowest in almost a year as investors assess an investigation into the US president that may stall his economic agenda.

- Fin24 - SA

Could a Nintendo 64 Classic be on the horizon?

On Tuesday, Nintendo filed four trademark applications with the European Union Intellectual Property Office . They were all for Nintendo controllers. Two pertained to consoles currently in circulation, namely the Switch and the now discontinued NES Classic Edition. One was for the upcoming Super NES Classic Edition. The ...

- Techspot - EC

Stocks waver as earnings and central-bank news dominate attention

U.S. stock indexes snoozed Thursday as investors were relieved the European Central Bank didn't announce any changes to its stimulus policies. The European bank maintained its current policies, and ECB President Mario Draghi said it hasn't even set a date for considering changes. Investors were...

- Los Angeles Times - US

Authorities Take Down Hansa Dark Web Market, Confirm AlphaBay Takedown

An anonymous reader writes via Bleeping Computer: Today, in coordinated press releases, the U.S. Department of Justice and Europol announced the takedown of two Dark Web marketplaces -- AlphaBay and Hansa Market. First to fall was the Hansa Market after Dutch officers seized control over their servers located inside one of ...

- Slashdot - US

Alleged Dark Web Kingpin Doxed Himself With His Personal Hotmail Address

Joseph Cox, reporting for Motherboard: On Thursday, US authorities announced the seizure of the largest dark web marketplace AlphaBay. Europol and Dutch police also claimed seizure of Hansa, another popular market. In their dark web investigations, law enforcement have increasingly turned to hacking tools, including the ...

- Slashdot - US

Philippines, Indonesia stocks hit more than 1-wk lows

MANILA -- Most Southeast Asian stocks fell on Friday, in line with Asian markets, after the European Central Bank and the Bank of Japan kept rates steady and signalled that they were in no hurry to start unwinding their massive stimulus programmes.

- BangkokPost - TH

Euro hits new highs despite dovish signals from ECB

Draghi keeps commitment to economic stimulus but markets prepare for tightening

- Financial Times - US

Global Crackdown Closes Two Large Illegal-Goods Websites

Two of the world's largest online marketplaces for criminal goods have been shut down in a global operation that also resulted in the arrest of their owners and the freezing of millions of dollars in alleged criminal proceeds.

- Wall Street Journal - US

Upscale Kenya Hotels Linked to Cholera Outbreak

Kenya’s minister of health has ordered two top hotels in Nairobi to shut down after they were linked to a cholera outbreak.  The minister, Cleopa Mailu, said the hotels had supplied food to an event where cholera was reported.   The order for Nairobi’s San Valencia and Jacaranda Hotels to shut down follows ...

- Voice of America - US

On the inaugural U.S.-China Comprehensive Economic Dialogue

David Dollar, a senior fellow in the John L. Thornton China Center, explains the differences between the modern U.S. and Chinese economies and outlines why the Trump administration should exercise caution when blaming trade imbalance on China. Show notes: Expect more ...

- Brookings - US

Euro hits new highs despite dovish ECB signals

Draghi keeps commitment to economic stimulus but markets prepare for tightening

- Financial Times - US

Investors turn from US to European stocks

Fund flows into continental equities highest since Macron victory in France

- Financial Times - US

US, European Authorities Take Down 2 'Darknet' Marketplaces

U.S. and European law enforcement officials say they've shut down two of the most popular marketplaces operating on the so-called darknet that sold drugs, stolen credit cards, weapons and other illicit goods. The closure of AlphaBay by U.S. authorities this month and of Hansa Market by Dutch police on Thursday followed ...

- Voice of America - US

Calling Draghi's bluff

If ECB president Mario Draghi was hoping his press conference would temper market expectations about tapering, he didn't succeed, as the euro pulled higher. Valentin Marinov of Credit Agricole looks at the key takeaways from the ECB meeting and concludes that tapering is indeed coming, so long as the euro doesn't appreciate ...

- Financial Times - US

US, European Law Enforcement Shutter Massive AlphaBay Market

U.S. authorities along with law enforcement Europe and Asia announced today the takedown of the dark web's largest illicit market, AlphaBay.

- threatpost - US

Bond Report: Treasury yields steady as traders read Draghi remarks as dovish

Treasury yields on Thursday end little changed, in an up-and-down session, after the European Central Bank kept its policy stance unchanged, but emphasized that it could increase the size and scope of its bond-buying program to help the eurozone reach an elusive inflation target.

- Marketwatch - US

Hospital competition and performance in France

It is widely believed that the goal of keeping health expenditures under control while increasing the quality of the healthcare system can best be achieved by giving a greater role to market forces. This column evaluates the effect of a pro-competition reform implemented in France over 2004-2008 on hospital quality. It ...

- VoxEU - UK

Both franchisees and franchisors benefit from company-owned stores

Do company-owned stores really compete with franchisees? ShutterstockSome franchisees of hardware chain Mitre 10 are calling for an end to company-owned' stores. These are stores owned and run by Metcash, which owns the Mitre 10 brand and is a supplier to the franchisees. But research shows that brands with a mixture of ...

- The Conversation - UK

Malaysia's BPO market to soar to US$1.4b by 2021

KUALA LUMPUR, July 21 — Malaysia's Business Process Outsourcing market is expected to reach US$1.4 billion by end-2021 at a compound annual growth rate of 7.9 per cent, said International Data Corporation . The...

- The Malay Mail - MY

Key Trumpcare holdout says he's a 'yes' if guaranteed a vote on his amendment

APFor months, Sen. Rand Paul has been a staunch critic of Senate Republicans’ replacement for the Affordable Care Act, publicly blasting it as “Obamacare-lite” because it leaves many of the law’s taxes and some of its regulations in place and allocates billions of dollars for insurance market ...

- Business Insider - US

US, European police shut down two 'dark web' markets

US and European police have announced the shutdown of two huge "dark web" marketplaces that allowed the anonymous online trade of drugs, hacking software and guns.

- RTE - IE

Barnier: Don't use Brexit to slash taxes and red tape

​The EU’s chief Brexit negotiator has fired a warning shot across any British attempt to slash red tape after it leaves the bloc, saying mass deregulation would scupper hopes of a lasting trade deal with EU member states. Transcripts of Michel Barnier’s evidence to the Lords select committee earlier this ...

- City AM - UK