Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
Singapore has edged Hong Kong to emerge as Asia's top financial center and the third most important venue for financiers around the world, according to the latest Global Financial Centres Index (GFCI) rankings released earlier this week.
The city-state scored 755 points, leaping over Hong Kong, which ranked fourth globally with 753 points. Coming in fifth was Tokyo, with 728 points.
Topping the 19th edition of the GFCI was London, with 800 points. New York followed with 792 points. The study indicated the two cities were more complimentary than purely competitive venues to attract financiers.
The GFCI is a semi-annual study conducted by the Z/Yen Group, surveying over 2,500 financial services professionals.
The index rates each financial center on a scale of 1,000 points and considers five areas of competitiveness, such as the business environment, development of the financial sector, infrastructure, quality of labor force and regulations.
Rounding up the rest of top 10 were Zurich, Washington DC, San Francisco, Boston and Toronto.
Mark Yeandle, associate director at the Z/Yen Group and the author of the study said, "Five of the top ten centers are now North American, perhaps reflecting the surge in Fintech and blockchains."
Blockchain refers to the technology underlying the cryptocurrency bitcoin and financial institutions are working to incorporate it as well.