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.

FTSE 100 plunges to 6-month low on China’s trade threat

WNM | Aug 15, 2019 at 7:16 PM

London’s FTSE 100 tumbled to a six-month low as China’s warning to counter the latest U.S. tariffs fanned trade tensions, while the more domestically focused midcap index fared better in comparison, amid investors’ hopes of averting a no-deal Brexit.

U.K. parliament will block no-deal Brexit, Hammond says

WNM | Aug 14, 2019 at 12:15 PM

Parliament will block a no-deal Brexit if unelected people behind Prime Minister Boris Johnson try to wrench Britain out of the European Union on Oct. 31 without agreement, former finance minister Philip Hammond said on Wednesday.

Argentine peso crashes on primary results

WNM | Aug 13, 2019 at 12:43 AM

Argentine President Mauricio Macri vowed on Monday to win a second term despite a surprisingly strong performance by the opposition in the primary election that set off a shockwave through markets, crashing the peso currency and sending stocks and bonds tumbling.

China expected to moderately ease monetary policies

WNM | Aug 12, 2019 at 4:32 PM

China’s central bank will moderately loosen its monetary policies and continue the financial supply-side structural reform as domestic and external uncertainties rise, China International Capital Corporation Limited (CICC) predicted.

Hong Kong airport cancels all flights on Monday

WNM | Aug 12, 2019 at 12:11 PM

Hong Kong’s airport cancelled all flights on Monday, with authorities blaming demonstrators for the disruption of one of the world’s busiest terminals, a dramatic escalation of anti-government protests that have roiled the Asian financial hub.

U.N. says 40 killed in four days of fighting in Aden

WNM | Aug 12, 2019 at 1:58 AM

The Saudi-led coalition intervened in Aden on Sunday in support of the Yemeni government after southern separatists effectively took over the port city, fracturing the alliance that had been battling the Iran-aligned Houthi movement.