Markets
China to grant 1 bn yuan for development projects in Myanmar
Chinese President Xi Jinping is planning to connect Asia, Africa and Europe through overland corridors and shipping lanes. The project has been hampered by allegations that it represents a new imperialism. "It's no longer just about infrastructure - it can cover other areas of co-operation". "In particular, we expect more high-tech manufacturers from China to operate in Malaysia, taking advant... [Full Article...]
White House Race: Strong Economy Can Help Trump’s Re-Election Bid
From the first quarter, GDP has been exceptionally weak in the past several years. The Bureau of Economic Analysis announced US GDP rose to 3.2% in the January to March period, rocketing upward from the 2.2% growth recorded in the last quarter of 2018. [Full Article...]
White House investigates Trump Fed pick's history of sexist comments
When asked about conservative commentator Matt Dowd's remarks over the weekend - that President Trump needs to understand how his rhetoric "inflame a part of what is going on in America" - Sanders called the insinuation "outrageous". Moore has expressed regret for some of the opinions voiced in the past, and claimed that some of them were meant as jokes. "They've been declining, and that is, I thi... [Full Article...]
Glasgow Airport reopens after ‘security alert’
Police remain at the scene of the incident, which it is understood was linked to a suspicious package. Passenger James Gale said he was not aware of any problem on board until he checked the microblogging site. Pictures emerged on social media of passengers being "dumped" in a room without information. The crew of the easyJet aircraft, which had just landed from London Gatwick, raised the alar... [Full Article...]
McDonald's US same-store sales beat on popular bacon-loaded menu
Same-store sales rose 5.4% systemwide, including 6% in both developed and newer global markets as the company's overall same-store sales have now risen 15 straight quarters. McDonald's stock jumped almost 4% in premarket trading. That was better than Wall Street's forecast of 3.4 per cent, according to analysts polled by FactSet. [Full Article...]
Land Rover Defender testing nearly finished
JLR emphasised that the new Defender had been designed and engineered in the United Kingdom, and would also use engines built in Wolverhampton "reinforcing both the company's British roots and the diversified, globalised nature of its manufacturing strategy". [Full Article...]
Fed pick Moore claims smear campaign
Moore has come under fire for past writings and comments criticizing cities and states in the Midwest and ridiculing women. He has said columns on women, written years ago, were "a spoof". After Trump stated he planned to nominate Cain to the central bank's board of 19, the problems resurfaced. Trump's selection of Moore has drawn criticism from some as a move motivated more by politics than... [Full Article...]
Elizabeth Warren blasts Chase for tweet about customers not having money
Chase tagged the tweet with the hashtag #MondayMotivation, and the post drew quick backlash, including from the MA senator and 2020 presidential candidate. Earlier this year, JPMorgan's board of directors approved a $31 million pay package for Dimon for 2018 that included cash and stock awards. Sen. [Full Article...]