HONG KONG (Reuters) - Hong Kong sank into recession for the first time in a decade in the third quarter, government data confirmed on Friday, weighed down by increasingly violent anti-government protests and the escalating U.S.-China trade war.
LONDON (Reuters Breakingviews) - “British Broadband” is a catchy alliterative title, but that’s about all. The opposition Labour party on Thursday announced it wants to nationalise telecoms provider BT’s network in order to give everyone speedy fibre connections. State ownership might fix the country’s lagging communications infrastructure. But the promise of free web surfing risks condemning the idea to previous failed experiments in public ownership like British Coal or carmaker British Leyland.
Labour leader Jeremy Corbyn’s proposal drags Britain’s relatively poor levels of connectivity into the heart of the Dec. 12 election. BT’s fibre network currently reaches just 1.6 million homes, 9% of the total and way behind Spain and France. The company could crank up investment, but needs to provide a return to shareholders. Nationalising BT’s Openreach network would allow the state to...
(Reuters) - Three of Apple Inc’s former top semiconductor executives in charge of iPhone chips have founded a startup to design processors for data centers, aiming to take on current industry leaders Intel Corp and Advanced Micro Devices Inc.
Ms. Warren laid out a blueprint to pass major health legislation at the start of her presidency. But she would wait as long as three years to seek passage of a full-scale “Medicare for all” plan.
- signed order and price transparency in healthcare order will force companies to compete rule will compel hospitals to publish prices consumer will have lots of choices regard to doctors hospital and priceinsurance firms will need to show treatment costs
- India's T-Series built an online empire from Bollywood. Now it has to survive Netflix. A story of how a company that once made millions selling ringtones now gets 3.1 billion YouTube views a month.
TOKYO (Reuters) - In the chill pre-dawn hours of Friday, Japan’s Emperor Naruhito emerged from a shrine compound where he had spent a symbolic night with the sun goddess from whom conservatives believe his family descends, completing the rituals of his accession.
The “Daijosai” rite, centred on the goddess Amaterasu Omikami, began soon after sunset on Thursday and is the most overtly religious of all the rituals around Naruhito’s succession after his father, Akihito, abdicated in April.
Amid flickering torchlight and chanting by priests, Emperor Naruhito emerged from behind the white curtains of the shrine at around 3:00 a.m., concluding a ceremony observed by Prime Minister Shinzo Abe and 400 dignitaries in an outdoor pavilion.
“This ritual is basically a feast involving the sun goddess and the emperor,” said John Breen, a professor at Kyoto’s International Research...
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A major copyright dispute stretching to 2010 between Oracle Corp. ORCL, +0.52% and Alphabet Inc.'s GOOGL, +1.41% GOOG, +1.31% Google division is headed to the Supreme Court, the court said on Friday. The dispute centers on 11,500 lines of code that Google is accused of copying from Oracle's Java programming language, Oracle claims in a 9-year-old lawsuit seeking $9 billion in damages. Google, which deployed the code in Android, had won in lower courts but lost an appeal before the U.S. Court of Appeals for the Federal Circuit, which ruled last year for Oracle.
WASHINGTON (Reuters) - Federal prosecutors in New York are investigating U.S. President Donald Trump’s personal attorney Rudy Giuliani’s ties to Ukrainian energy projects and whether he violated federal lobbying laws, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Bloomberg, citing three unnamed U.S. officials, on Thursday reported federal prosecutors in Manhattan were investigating Giuliani’s financial dealings that could include possible campaign finance violations and a failure to register as a foreign agent.
Reuters could not immediately confirm the reports. Neither Giuliani nor a lawyer who represents him immediately responded to requests for comment. A spokesman for U.S. Attorney Geoffrey Berman in Manhattan declined to comment.
Citing people briefed on the matter, the Journal said two Giuliani associates, Lev Parnas and Igor...
Where will markets end 2019? See our Q4 forecasts for currencies, commodities and stock indexes!
Japan’s benchmark Nikkei 225 stock index rose alongside the hawkish turn in priced-in 2020 Fed policy expectations. The USD/JPY exchange rate advanced in lockstep, reflecting a parallel drop in the anti-risk Yen. The move appears to reflect hopes for de-escalation of the US-China trade war and easing worries about a no-deal Brexit. The US central bank concurred at its October policy meeting.
Chart created with TradingView
A red flag has now been raised by an eye-catching USD/JPY chart support break. Prices closed below a rising trend line establishing the upswing from August lows, which doubled as the lower bound of a bearish Rising Wedge pattern. It seems especially telling that this followed on the heels of a test at 13-month resistance. Negative RSI divergence added still more credence to the downside argument.
Daily USD/JPY chart created with...
The Opportunity and Inclusive Growth Institute is a research initiative housed within the Federal Reserve Bank of Minneapolis. It supports the Federal Reserve’s mandate to ensure maximum employment by conducting and promoting research into how to ensure full participation in a well-functioning economy by all American households. The Institute invites selected scholars at all career levels to a residency at the Federal Reserve Bank of Minneapolis to pursue their research and work on projects related to the Institute's main mission of increasing economic opportunity and inclusive growth.
Multiple Visiting Scholar positions are available. Visits are typically a nine-month academic year or a three-month quarterly term. The program typically runs from September 1 through June 30.All scholars are competitively compensated and receive office space at the Federal Reserve Bank of Minneapolis, where scholars are supported by top-tier research analysts and...
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