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Stocks Climb in Trade-News Vacuum; Dollar Advances: Markets Wrap

Stocks Climb in Trade-News Vacuum; Dollar Advances: Markets Wrap Technology and auto shares led gainers on the Stoxx Europe 600 index, after Asia’s main stock markets all posted gains. Investors are operating with few signals on China trade talks and in a drought of data on the U.S. economy thanks to the partial government shutdown that’s persisting as Republicans and Democrats dig their heels in over opposing positions. “Earnings expectations particularly in the U.S. are too high,” said Bridgewater co-CIO Greg Jensen in an interview on Bloomberg TV Wednesday from Davos.


Huawei executive has strong case to fight extradition: Canadian envoy

Huawei executive has strong case to fight extradition: Canadian envoy Canadian envoy John McCallum's comments to Chinese-language media, which were broadcast on Wednesday, are the most explicit sign yet from a Canadian official that Meng Wanzhou, Huawei's chief financial officer, may not be sent to the United States. Meng was detained on Dec. 1 in Vancouver at the request of the United States https://reut.rs/2HuT3WE over alleged violations of U.S. sanctions on Iran. In a clip shown by the Canadian Broadcasting Corp, McCallum said Meng had "quite good arguments on her side," the first of which was "political involvement by comments from Donald Trump in her case." Trump told Reuters last month he would intervene in Meng's case if it served U.S. national security interests or helped close a trade deal with China.


The Latest: Sweden, Denmark back Venezuela opposition leader

The Latest: Sweden, Denmark back Venezuela opposition leader CARACAS, Venezuela (AP) — The Latest on the political crisis in Venezuela (all times local):


Brexit and Venezuela set to feature heavily in Davos

Brexit and Venezuela set to feature heavily in Davos DAVOS, Switzerland (AP) — The fallout from developments in Venezuela and uncertainty over Britain's exit from the European Union are set to be key points of discussions Thursday at the World Economic Forum in the Swiss town of Davos.


German Manufacturing Slump Casts Cloud Over Europe's Economy

German Manufacturing Slump Casts Cloud Over Europe's Economy IHS Markit’s monthly index showed manufacturing in Germany shrank for the first time in four years. The euro fell after the disappointing numbers and was down 0.2 percent to $1.1357 as of 10:07 a.m. Germany’s 10-year yield slipped two basis points to 0.21 percent. The ECB ended net bond buying last month.


Votes on Senate bills seen as progress even if they fail

Votes on Senate bills seen as progress even if they fail WASHINGTON (AP) — The Senate is taking a new approach to ending the partial government shutdown by actually taking votes instead of just pointing fingers.


Chip results augur more tech gloom as slowing China weighs

Chip results augur more tech gloom as slowing China weighs BEIJING/SEOUL (Reuters) - Somber results from chipmakers SK Hynix Inc <000660.KS> and Texas Instruments Inc , on the heels of warnings from tech behemoths Samsung and Apple, indicate more gloom for the sector as China's economy slows to its weakest in decades. A raft of earnings, analyst notes and market commentary in recent weeks have confirmed that a slowdown in the world's No.2 economy, exacerbated by its crippling trade war with the United States, will continue to squeeze sales and profits at technology companies, at least in the first half of the year. The world's No.2 memory chipmaker, which depends on China for more than a third of its revenue, also said it plans to spend 40 percent less on buying chip equipment this year.


Taliban says talks with the US enter fourth day in Qatar

Taliban says talks with the US enter fourth day in Qatar Negotiations between the Taliban and US officials in Qatar entered a fourth straight day Thursday, according to the insurgents, as the two sides pursue a potential deal to bring an end to Afghanistan's 17-year conflict. Taliban spokesman Zabihullah Mujahid confirmed to AFP that "discussions are still ongoing". Washington has been stepping up efforts for a peace deal that could pave the way for the Taliban's participation in the next government.


Airbus CEO warns it could move in event of no-deal Brexit

Airbus CEO warns it could move in event of no-deal Brexit LONDON (AP) — The chief executive of Airbus has warned it could move its U.K. operations out of the country in the event there is a departure from the European Union without a deal.


Turkey says has capacity to create 'safe zone' in Syria alone

Turkey says has capacity to create 'safe zone' in Syria alone Turkey has the capacity to create a "safe zone" in Syria on its own but will not exclude the United States, Russia or others if they want to cooperate, Turkish Foreign Minister Mevlut Cavusoglu said on Thursday. After U.S. President Donald Trump's decision to withdraw all 2,000 U.S. troops from Syria, President Tayyip Erdogan said he and Trump had discussed Turkey setting up a 20-mile-deep safe zone in Syria along the border.


House Democrats Cancel Tax Refund Hearing After Mnuchin Opts Out

House Democrats Cancel Tax Refund Hearing After Mnuchin Opts Out Representative Richard Neal of Massachusetts, chairman of the Ways and Means committee, canceled a hearing scheduled for Thursday after Treasury Secretary Steven Mnuchin declined to testify. Mnuchin had offered to send his deputies or other IRS officials who he said would be better equipped to answer questions. Neal has been pushing for testimony from Mnuchin on how the shutdown is affecting the Internal Revenue Service, which will begin accepting tax returns and processing refunds Jan. 28.


Ghosn Resigns From Top Job at Renault

Ghosn Resigns From Top Job at Renault The 64-year-old resigned as chairman and chief executive officer of the largest French carmaker late on Jan. 23, French Finance Minister Bruno Le Maire told Bloomberg TV in an interview on Thursday at the World Economic Forum in Davos, Switzerland. Government spokesman Benjamin Griveaux confirmed on local radio the duo willbe presented to Renault’s board on Thursday, without specifying roles.


Samsung's Galaxy S10 may come with a cryptocurrency wallet

Samsung's Galaxy S10 may come with a cryptocurrency wallet Samsung might be embracing crypto in a big way.  Photos posted by leaker of mobile things Ben Geskin allegedly show a Samsung Galaxy S10 feature called the "Samsung Blockchain KeyStore," which allows users to import a cryptocurrency wallet or create a new one.  SEE ALSO: Leaked images show what Samsung Galaxy S10 might look like The feature is located in the phone's "Biometrics and security" menu. Its description says "Samsung Blockchain KeyStore is a secure and convenient place for your cryptocurrency," and it appears to support only Ethereum at the moment.  The existence of such a feature was first reported by SamMobile, which claims the wallet will also support Bitcoin, Bitcoin Cash, and Ethereum-based ERC20 tokens.  Read more... More about Samsung, Bitcoin, Cryptocurrency, Samsung Galaxy S10, and Tech


Hong Kong Stock Exchange Head Hints at Incompatibility of Bitmain IPO

Hong Kong Stock Exchange Head Hints at Incompatibility of Bitmain IPO The head of the Hong Kong Stock Exchange (HKEX) has addressed queries about initial public offering (IPO) listings amid confusion over Bitcoin mining giant Bitmain’s application. English-language newspaper South China Morning Post (SCMP) reported the comments on Jan. 24. Speaking at the ongoing World Economic Forum (WEF) in Davos, Switzerland, HKEX CEO Charles Li Xiaojia said that it was important IPO candidates were consistent about their business offerings.


Ghosn resigns as Renault boss as French group enters new era

Ghosn resigns as Renault boss as French group enters new era Arrested car boss Carlos Ghosn resigned his position as chief executive and chairman of Renault, ending his leadership roles in the auto industry and signalling the start of new era for the French manufacturer. Ghosn, the most powerful man in car-making until his sensational arrest in Japan last November on financial misconduct charges, had already been sacked as chairman of Japanese auto groups Nissan and Mitsubishi. French Finance Minister Bruno Le Maire confirmed to AFP that Ghosn tendered his resignation late Wednesday -- ahead of a Renault board meeting in Paris that would have seen him replaced.


France's Le Maire: if UK wants Brexit delay, we have to understand what for

France's Le Maire: if UK wants Brexit delay, we have to understand what for French Finance Minister Bruno Le Maire said on Thursday that Britain had negotiated a fair Brexit deal with the European Union that should not be up for renegotiation. If Britain wants a delay to implementing the deal, Le Maire said, the EU would want to understand the reason behind the request. “There is a fair agreement that paves the way for fair Brexit,” he said at the World Economic Forum in Davos.


Prolonged Shutdown Risks Fading Appeal of Dollar, Treasuries

Prolonged Shutdown Risks Fading Appeal of Dollar, Treasuries “The more this lingers on, the more that investors are losing patience with their dollar positions,” said Mark McCormick, North American head of foreign-exchange strategy at TD Securities. For some, that prospect is reminiscent of the market upheaval surrounding the debt-limit impasse under the administration of President Barack Obama, when S&P Global Ratings cut the U.S.’s AAA score. While S&P, Moody’s Investors Service and Fitch Ratings have each flagged risks of the current shutdown, none say that a downgrade is imminent.


No-Deal Brexit Risk Recedes as Calls Grow to Delay Divorce

No-Deal Brexit Risk Recedes as Calls Grow to Delay Divorce Senior figures in the French and German governments said they’d be open to extending the Brexit deadline as momentum built for a delay in the U.K. Parliament. The pressure mounted on Thursday morning when Airbus SE said it could be forced to move future investments out of the U.K. if there’s no agreement.


Venezuela Now Has Two Presidents Dueling for Control of Country

Venezuela Now Has Two Presidents Dueling for Control of Country Guaido has the backing of the people, thousands of whom took to the streets Wednesday, along with a host of foreign governments, led by the U.S., Canada and Brazil, that recognized the congressman as the rightful head of state. This makes Guaido’s claim to power, for now at least, largely symbolic -- part of his bid to ratchet up pressure on Maduro to step down. The question is whether the military brass will finally break ties with Maduro and demand a transition.


German Manufacturing Enters Deepest Economic Slump in Four Years

German Manufacturing Enters Deepest Economic Slump in Four Years The poor reading for the IHS Markit Purchasing Managers’ Index in January will reinforce fears about the health of both the European and the global economy. It will also play into the discussion among European Central Bank policy makers, who meet in Frankfurt on Thursday. The ECB ended net bond buying last month.


China says to have in-depth talks with U.S. on economic, trade issues

China says to have in-depth talks with U.S. on economic, trade issues China and the United States will have in-depth discussions on economic and trade issues during Chinese Vice Premier Liu He's U.S. visit next week, the Chinese commerce ministry said on Thursday. Both sides are currently in touch on the detailed arrangements surrounding his visit on Jan. 30-31, Gao Feng, spokesman at the commerce ministry, told reporters. Reports the United States has canceled consultations with China are untrue, Gao said, adding that the two sides have maintained close contact.


UN chief warns 'we are losing the race' on climate change

UN chief warns 'we are losing the race' on climate change UN chief Antonio Guterres on Thursday warned that the world is "losing the race" on climate change as he demanded that governments make bolder commitments beyond the Paris accord. "Climate change is the defining issue of our time. The Paris climate accord has been shaken by the withdrawal of the United States under President Donald Trump, and by threats to do the same by Brazil's new hard-right leader Jair Bolsonaro.


Barclays Chief Jes Staley Says a New Financial Crisis Is Likely

Barclays Chief Jes Staley Says a New Financial Crisis Is Likely Instead, Jes Staley said he sees potential shocks from a seize-up in credit markets, given where risk in the system has gone since banks shrank their balance sheets. “This time, there’s a chance the banks will be the buffer, as opposed to the cause” of the crisis, Staley, who has been the British bank’s chief executive officer since 2015, said in a Bloomberg Television interview with Francine Lacqua from the World Economic Forum in Davos, Switzerland. This year’s Davos is abuzz with discussion about European bank mergers, but Staley poured cold water on the idea as a panacea for the industry.


Asian shares edge up; ECB decision awaited

Asian shares edge up; ECB decision awaited Asian shares inched up in subdued trade on Thursday after Wall Street ended higher, but political uncertainty in the United States and worries about weakening global economic growth kept many investors on the sidelines. Financial spreadbetters expect London's FTSE Frankfurt's DAX and Paris's CAC to dip marginally when they open, with investors awaiting news from the European Central Bank's first policy review of the year. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.3 percent, while Japan's Nikkei average eased 0.1 percent.


France keeping 2019 economic forecast and Internet tax plans: Le Maire

France keeping 2019 economic forecast and Internet tax plans: Le Maire France will stick to its forecast for 2019 economic growth of 1.7 percent and broader plans to tax the world's biggest Internet and software companies, finance minister Bruno Le Maire told Reuters Television on Thursday. "We will not revise our growth forecast for 2019.


French Economy Stays on Downward Trend at Start of 2019

French Economy Stays on Downward Trend at Start of 2019 A reading for the euro area due later is expected to increase to 51.4 from 51.1, but the disappointing French number means that’s now in question. French activity has been disrupted in recent months by the Yellow Vests protests, a movement that started because of a planned tax hike but has since expanded to include demands to increase the incomes of working-class people. “Despite the continuation of ‘gilets jaunes’ protests, it’s unclear whether the latest weak performance was caused by the resulting disruption, or whether the anticipated global economic slowdown for 2019 is already beginning to take hold,” said Eliot Kerr, an economist at IHS Markit.


Merkel’s Successor Takes Aim at Trump Over Sanctions Threats

Merkel’s Successor Takes Aim at Trump Over Sanctions Threats Chancellor Angela Merkel’s successor as leader of the Christian Democratic Union party chided President Donald Trump for upending global agreements and pressuring allies. Annegret Kramp-Karrenbauer said in a Bloomberg Television interview at the World Economic Forum that support for a major Russian gas pipeline, Gazprom’s Nord Stream 2, must take into account security interests in eastern Europe. “The way in which at least the American administration makes policy in general at the moment, with a lot of sanctions, with the fact that international agreements are scrapped, is not a good way to cooperate,” Kramp-Karrenbauer said in Davos, Switzerland.


Ex-Theranos CEO Elizabeth Holmes says 'I don't know' 600+ times in never-before-broadcast deposition tapes

Ex-Theranos CEO Elizabeth Holmes says 'I don't know' 600+ times in never-before-broadcast deposition tapes The testimony, obtained by ABC News "Nightline," has never been broadcast until now. "Did it concern you that a number of tests weren't working on Theranos' devices?" an SEC attorney asked Holmes."I know that we made mistakes," Holmes replied. Holmes has since settled with the SEC, with no admission of wrongdoing, but is now facing up to 20 years in prison, awaiting a criminal trial for charges of wire fraud and conspiracy to commit wire fraud.


A Brief History of Some of the Market’s Worst Fat Fingers

A Brief History of Some of the Market’s Worst Fat Fingers A spokesperson for the firm said it was aware an electronic trading error had occurred, while Singapore Exchange Ltd. said the bourse is looking into the stock slide. The episode is just the latest reminder for investors that even as global financial systems become ever faster and more complex, things can still go rapidly awry thanks in part to simple human error. German lender Deutsche Bank AG accidentally transferred 28 billion euros ($35 billion) to one of its outside accounts, Bloomberg News first reported in April 2018.


Why You Should Care About SnowWorld N.V.’s (AMS:SNOW) Low Return On Capital

Why You Should Care About SnowWorld N.V.’s (AMS:SNOW) Low Return On Capital Today we'll evaluate SnowWorld N.V. (AMS:SNOW) to determine whether it could have potential as an investment idea. Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the Read More...


Oil Drops as Economic and Supply Fears Overshadow Venezuela Risk

Oil Drops as Economic and Supply Fears Overshadow Venezuela Risk An extended shutdown of the government could wipe out U.S. economic growth in the first quarter of 2019, an economic adviser to President Donald Trump said. The prospect of swelling supplies and weaker economic growth is weighing on prices after they got off to their best start to a year since 2001 on optimism output cuts by the Organization of Petroleum Exporting Countries and its allies will balance the market.


Is Columbus A/S’s (CPH:COLUM) Balance Sheet A Threat To Its Future?

Is Columbus A/S’s (CPH:COLUM) Balance Sheet A Threat To Its Future? Columbus A/S (CPH:COLUM) is a small-cap stock with a market capitalization of ø1.6b. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end Read More...


Huawei announces 5G smartphone based on own technology

Huawei announces 5G smartphone based on own technology BEIJING (AP) — Chinese tech giant Huawei announced plans Wednesday to release a next-generation smartphone based on its own technology instead of U.S. components, stepping up efforts to compete with Western industry leaders in the face of Washington's warnings the company might be a security risk.


Need To Know: Tryg A/S (CPH:TRYG) Insiders Have Been Buying Shares

Need To Know: Tryg A/S (CPH:TRYG) Insiders Have Been Buying Shares We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be remiss not to mention that insider sales have Read More...


Do Insiders Own Lots Of Shares In CSE Global Limited (SGX:544)?

Do Insiders Own Lots Of Shares In CSE Global Limited (SGX:544)? The big shareholder groups in CSE Global Limited (SGX:544) have power over the company. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have Read More...


China's Huawei eyes smartphone supremacy this year after record 2018 sales

China's Huawei eyes smartphone supremacy this year after record 2018 sales BEIJING/HONG KONG (Reuters) - China's Huawei Technologies Co Ltd [HWT.UL] on Thursday said it could become the world's biggest-selling smartphone vendor this year even without the U.S. market and as global scrutiny of the firm intensifies. The bullish forecast contrasts with those of market-leader Samsung and other rivals such as Apple Inc , both of which have flagged weakening sales in China - the largest smartphone market where demand has long been slowing, and where economic growth is at its lowest pace in nearly three decades. It comes as the United States and its allies restrict market access for Huawei, alleging its products could be used by China for espionage.


Oil prices dip on worries fuel demand to stall as global growth slows

Oil prices dip on worries fuel demand to stall as global growth slows SINGAPORE (Reuters) - Oil prices declined on Thursday on lingering concerns that slowing global economic growth may limit fuel demand and after a surprise build in U.S. crude inventories.


At €2.88, Is Koninklijke BAM Groep nv (AMS:BAMNB) Worth Looking At Closely?

At €2.88, Is Koninklijke BAM Groep nv (AMS:BAMNB) Worth Looking At Closely? Koninklijke BAM Groep nv (AMS:BAMNB), which is in the construction business, and is based in Netherlands, received a lot of attention from a substantial price increase on the ENXTAM over Read More...


New Zealand Exchange Cryptopia Lost $16 Million in Hack, Not Initially Reported $2.5 Million: Research

New Zealand Exchange Cryptopia Lost $16 Million in Hack, Not Initially Reported $2.5 Million: Research By CCN.com: Contrary to prior reports putting the value of cryptocurrency stolen in the Cryptopia exchange hack at around $2.5 million, it has emerged that the true value of assets stolen sums up to about $16 million. According to blockchain analysis platform Elementus, this was ascertained by analysing the Ethereum blockchain using the Elementus query


Postponing Brexit Is Worse for U.K. Economy Than May’s Deal

Postponing Brexit Is Worse for U.K. Economy Than May’s Deal While that would remove the imminent possibility of a chaotic no-deal scenario, it would leave the U.K. worse off than if Parliament accepted Prime Minister Theresa May’s current plan, according to economists. Pushing back the departure prolongs the uncertainty that has already hit business investment and pushed consumer confidence to the lowest since 2013, according to JPMorgan Asset Management. “Kicking the can down the road has a cost,” said JPMorgan AM global market strategist Mike Bell.


Rane Brake Lining Limited (NSE:RBL): What Does Its Beta Value Mean For Your Portfolio?

Rane Brake Lining Limited (NSE:RBL): What Does Its Beta Value Mean For Your Portfolio? If you're interested in Rane Brake Lining Limited (NSE:RBL), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock Read More...


'Doom Loop' of Debt Threatens to Drag Down Australian Dollar

'Doom Loop' of Debt Threatens to Drag Down Australian Dollar After being the worst-performing developed-nation currency in 2018, the Aussie is set to extend losses this year as a near-record level of indebtedness at households make it more likely the Reserve Bank of Australia will cut interest rates to support the economy, according to strategists at HSBC Holdings Plc and Rabobank. HSBC sees a further 7 percent slide to 66 U.S. cents by year-end, while Rabobank tips 68 cents.


How Shougang Fushan Resources Group Limited (HKG:639) Can Impact Your Portfolio Volatility

How Shougang Fushan Resources Group Limited (HKG:639) Can Impact Your Portfolio Volatility If you're interested in Shougang Fushan Resources Group Limited (HKG:639), then you might want to consider its beta (a measure of share price volatility) in order to understand how the Read More...


Is GEA Group Aktiengesellschaft (FRA:G1A) Investing Your Capital Efficiently?

Is GEA Group Aktiengesellschaft (FRA:G1A) Investing Your Capital Efficiently? Today we'll evaluate GEA Group Aktiengesellschaft (FRA:G1A) to determine whether it could have potential as an investment idea. Specifically, we're going to calculate its Return On Capital Employed (ROCE), in Read More...


Jakarta ex-governor freed from prison after blasphemy sentence

Jakarta ex-governor freed from prison after blasphemy sentence Jakarta's former governor was released from prison Thursday, nearly two years after his blasphemy conviction fanned fears of religious intolerance in the world's biggest Muslim-majority nation. Basuki Tjahaja Purnama -- the Indonesian capital's first non-Muslim governor in half a century and its first ethnic Chinese leader -- left a prison outside the capital after dawn, his assistant Ima Mahdiah told AFP. Supporters of the Christian ex-governor, who is popularly known as Ahok, gathered outside the prison, chanting and cheering his new found freedom.


What Kind Of Shareholders Own Refex Industries Limited (NSE:REFEX)?

What Kind Of Shareholders Own Refex Industries Limited (NSE:REFEX)? The big shareholder groups in Refex Industries Limited (NSE:REFEX) have power over the company. Institutions often own shares in more established companies, while it's not unusual to see insiders own Read More...


Do Insiders Own Shares In Infotel SA (EPA:INF)?

Do Insiders Own Shares In Infotel SA (EPA:INF)? Every investor in Infotel SA (EPA:INF) should be aware of the most powerful shareholder groups. Institutions will often hold stock in bigger companies, and we expect to see insiders owning Read More...


What does Lee Kee Holdings Limited’s (HKG:637) Balance Sheet Tell Us About Its Future?

What does Lee Kee Holdings Limited’s (HKG:637) Balance Sheet Tell Us About Its Future? While small-cap stocks, such as Lee Kee Holdings Limited (HKG:637) with its market cap of HK$340m, are popular for their explosive growth, investors should also be aware of their balance Read More...


Does Carlo Gavazzi Holding AG’s (VTX:GAV) -20% Earnings Drop Reflect A Longer Term Trend?

Does Carlo Gavazzi Holding AG’s (VTX:GAV) -20% Earnings Drop Reflect A Longer Term Trend? After reading Carlo Gavazzi Holding AG's (VTX:GAV) latest earnings update (30 September 2018), I found it beneficial to look back at how the company has performed in the past and Read More...


These Factors Make COLTENE Holding AG (VTX:CLTN) An Interesting Investment

These Factors Make COLTENE Holding AG (VTX:CLTN) An Interesting Investment COLTENE Holding AG (VTX:CLTN) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with a holistic perspective. In the Read More...