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Business News

  • Uber loses its license to operate in London
    LONDON (Reuters) - London's transport regulator on Friday stripped Uber [UBER.UL] of its license to operate from the end of the month, affecting over 40,000 drivers in a huge blow to the taxi app. ... Read more »
  • Citigroup targets Belt and Road to boost China revenue
    BEIJING (Reuters) - Citigroup Inc expects to boost its revenue growth in China by tapping into opportunities presented by Beijing's Belt & Road initiative, the bank's China chief said. ... Read more »
  • Despite tough talk, Canada seen unlikely to walk away from NAFTA
    OTTAWA (Reuters) - Despite Canada's threats to walk away from NAFTA talks if necessary, its limited success in diversifying exports leaves the nation too reliant on U.S. markets to play hardball, government insiders and trade experts say. ... Read more »

Market News

  • How To Prepare Your Portfolio For The Next War
    Investors should buy shares of major defense companies that supply military gear to American military forces and the forces of its allies; and shares of American frackers, which stand to benefit from a spike in oil prices.... Read more »
  • Chinese Wireless Carriers Had A Good August, Led By China Unicom
    August turned out to be a solid month for Chinese wireless carriers, with the three major players posting a cumulative 8.9 million new subscriber adds and about 23 million 4G additions/migrations.... Read more »
  • Are Treasuries About To Sell Off?
    Recently we see every spike in duration has been met by quick flattening of the curve. Below we review why this has happened and share that at this point we do not believe that these pressures will persist. Thus, long duration treasuries appear overpriced.... Read more »