Bank of East Asia warns of economic fallout in Hong Kong

WNM | Aug 21, 2019 at 1:25 PM

A major bank warned on Wednesday that weeks of protests in Hong Kong could hit the economies of the Chinese-ruled city and mainland China itself as demonstrators began to gather for a sit-in at the subway site of a mid-summer mob attack.

Argentina will struggle to repay IMF loan, must renegotiate

WNM | Aug 18, 2019 at 7:29 PM

The Argentine opposition candidate, Alberto Fernandez, said that the country would struggle under present conditions to repay a loan to the International Monetary Fund and he would seek to renegotiate the repayment terms.

UK faces food, fuel and drugs shortages in no-deal Brexit

WNM | Aug 18, 2019 at 1:08 AM

Britain will face shortages of fuel, food and medicine if it leaves the European Union without a transition deal, jamming ports and requiring a hard border in Ireland, official government documents leaked to the Sunday Times show.

GE shares fall on investigator calling its finances a fraud

WNM | Aug 16, 2019 at 1:08 AM

General Electric Co shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff’s Ponzi scheme, said GE was concealing deep financial problems, prompting a sharp rebuke from GE’s new CEO.