BANGKOK – Shares were mixed Wednesday in Europe and Asia after an update on U.S. inflation pulled most Wall Street stocks lower, though gains for Nvidia pushed the Nasdaq to another record. The report showed inflation in the United States accelerated to 2.7% last month from 2.4% in May. Economists said higher prices for clothes,…
The U.S. government said Monday it is placing a 17% duty on most fresh Mexican tomatoes after negotiations ended without an agreement to avert the tariff. Proponents said the import tax will help rebuild the shrinking U.S. tomato industry and ensure that produce eaten in the U.S. is also grown there. Mexico currently supplies around…
Stock markets mostly rose Thursday on optimism that governments would reach deals to avoid US tariffs, with London hitting a record high. London’s FTSE 100 index jumped one percent in morning trading, lifted also by a surge in mining stocks after US President Donald Trump said he would enact a 50-percent copper tariff on August…
Stock markets mostly rose Thursday on optimism that governments would reach deals to avoid US tariffs, with London hitting a record high. London’s FTSE 100 index jumped one percent in morning trading, lifted also by a surge in mining stocks after US President Donald Trump said he would enact a 50-percent copper tariff on August…
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SHANGHAI — The Industrial and Commercial Bank of China, the country’s largest state-owned lender, is setting up an 80 billion yuan ($11 billion) fund to support private-sector technology companies following Beijing’s focus on private enterprises as fuel for economic growth. ICBC’s technology and innovation fund will make equity investments in companies and provide other forms of…
Global stock markets started the week on the front foot on Monday as investors welcomed China’s plans to kickstart consumption in the world’s number two economy, with upcoming central bank rate decisions also in focus. Relief about a US government shutdown being avoided helped counterbalance disappointing US economic data. Investors were keeping tabs on Beijing…
{KXLG – Watertown, SD} On this week’s From the Halls of City Hall our guest is Councilman Mike Danforth. With a council meeting on Monday 3/3/25, there was a lot to discuss. Your browser does not support the audio element. A mid-term review of the Home Rule Charter is in progress. The committee is assessing…
A simple handshake between Chinese President Xi Jinping and once-sidelined entrepreneur Jack Ma sent the country’s tech stocks booming in recent weeks. It was seen as the latest sign the sector is being brought in from the cold, although experts advise caution. Beijing launched a regulatory blitz on the industry in 2020 that triggered a…
The Alibaba logo is seen outside its offices in Beijing in February 2025 (ADEK BERRY) A simple handshake between President Xi Jinping and once-shunned entrepreneur Jack Ma sent Chinese tech stocks booming in recent weeks as it was interpreted as the latest sign the sector is being brought in from the cold — though experts…