The Bank of Korea left its key interest rate unchanged on Thursday, as inflation is expected to remain below its target for the time being and trade tensions are clouding the outlook.
The economy remains on track to grow 3 percent this year but inflation is projected to register 1.6 percent, slightly below the central bank’s previous forecast, Governor Lee Ju-yeol said during a news....More>>>
New York, NY, based Investment company First Eagle Investment buys Imperial Oil, Alphabet Inc, Caterpillar Inc, Huntsman Corp, Pentair PLC, Twenty-First Century Fox Inc, Time Warner Inc, Western Digital Corp, MGM Resorts International, Molina Healthcare Inc, sells Grupo Televisa SAB, Nutrien, Chevron Corp, Coca-Cola European Partners PLC, Praxair Inc during the 3-months ended 2017-12-31, according....More>>>
(Photo credit should read MANMAN DEJETO/AFP/Getty Images)
Chinese President Xi Jinping sent a clear and loud message to Philippines President Rodrigo Duterte last week: drilling for oil in the South China Sea could lead to war between the two countries. Financial markets of the region, however, don’t seem to be taking either leader seriously.
The last twelve months haven’t been kind to Praxair (PX) and Air Products & Chemicals (APD), but UBS analyst John Roberts and team argue that’s about to change, as they upgrade their shares to Buy from Neutral arguing that their earnings can withstand a slowing global economy:
In our view, the two stocks are more alike than different. NTM P/Es are within ~0.5 pts of each other.....More>>>
It’s actually quite amazing. In March of this year, I wrote a missive entitled “Fed Levitation” discussing the Fed’s ability to detach asset prices from the underlying fundamentals. To wit:
“So what is it? Are we ‘data dependent’ or are we more concerned about ‘global economic weakness?’ Or, is this just part of the Fed’s careful....More>>>