The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
The potential deal would shift Neumann's already diminished voting power to the Japanese conglomerate, according to the Journal.Technologyread more
Hunter's vows to forgo any foreign work follow a slew of unsubstantiated attacks by President Donald Trump accusing him of corruption.Politicsread more
Fisher was initially defiant amid the backlash in an interview with Bloomberg, in which he said he had "given a lot of talks, a lot of times, in a lot of places and said stuff...Personal Financeread more
Airlines continue to delay when they plan to have the planes back again with no sign from regulators on when the planes will be approved again.Airlinesread more
Turkey's invasion of northeastern Syria began Wednesday after Trump ordered U.S. troops to pull back from the area.Politicsread more
While Warren's ad about Facebook isn't true, the company's own policy allows politicians to make such false claims in paid advertising.Politicsread more
Typhoon Hagibis made landfall south of Tokyo on Saturday evening. By Sunday around 376,000 homes were left without electricity, and 14,000 without running water across Japan....Weather & Natural Disastersread more
SpaceX and Boeing are each in the final stages of developing the spacecraft needed for the U.S. to once again fly astronauts.Investing in Spaceread more
Bryn Mawr's Jeffrey Mills believes the market needs more time to break out of its slump.Trading Nationread more
Swiss investors could be mulling an immediate move into London's property market in order to capitalize on the soaring Swiss franc, a specialist asset management firm predicted Friday.
London Central Portfolio (LCP), which specializes in investing in "prime" central London residential property, said it had already seen "a number of inquiries from Swiss-based wealth managers and potential investors looking to move their money into central London real estate," in a statement.
The news came after the Swiss central bank stunned markets on Thursday by announcing an end to its three-year-long currency cap against the euro.
"Swiss investors taking the opportunity to capitalize on this windfall and hedge against increasing global uncertainty in the equity and bond markets are turning their attention to blue-chip tangible assets," said LCP.
The firm said that "prime" central London real estate— which includes some of the world's most desirable addresses in the Royal Borough of Kensington and Chelsea and the City of Westminster—was a "safe haven" asset class that benefited from global uncertainty.
In the LCP statement, specialist London Mortgage Broker Tim Kemp, CEO of Kemp Private Finance, said: "Overnight, Central London has become a much more attractive investment for my Swiss clients. I have already received numerous calls this morning from investors wanting to agree finance quickly to move their money out of Switzerland."
LCP noted that its fund "London Central Apartments II" had seen 15 inquiries from Swiss investors on Friday morning alone.
"Unlike the rest of Europe, who account for 49 percent of LCP's investor base, the Swiss, to date, have not traditionally represented a large buying force in the marketplace," said the firm, which has around $1 billion of asset under management.