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Cash is no longer a king trading strategy in Japan

Cash is king, unless you are in Japan. One successful trading strategy there has recently lost its luster, thanks to the Bank of Japan’s never-ending obsession with negative interest rates. When a global recession looms, investors tend to hug stocks that pay handsome dividends. Cash rewards also have appeal at corporate headquarters. Since the collapse of Lehman Brothers, the S&P ...

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Recession fears seeping into the stock market

Last week brought lots of bad news about the American economy. The stock market treated each new data point suggesting that activity was slowing down as bad news. And that, in itself, is bad news. Here’s why: Grim tidings for the economy aren’t necessarily so bad for investors, because they tend to lead to lower interest rates. That, in turn, ...

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In war against plastic, America is a big threat

How much do you care about the scourge of plastic waste, and how much more might you pay for a bottled drink in order to reduce it? We may be about to find out. The cost of brand new polyethylene terephthalate, or virgin PET (the stuff used to make plastic containers and fibers for clothing), fell below the cost of ...

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DBS is losing Asia fintech deals to foreign banks

Southeast Asia’s largest lender happens to be its most tech-savvy. Why then is Singapore’s DBS Group Holdings Ltd. missing out on some of the region’s hottest deals in digital banking? In recent years, technology has played a large role in the bank’s profitable pivot away from trade financing to corporate cash management. One of its application programming interfaces that hooks ...

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Stocks advance on hopes of fresh trade deal; dollar dips

Bloomberg US index futures jumped along with stocks in Europe as China revived hopes of progress in trade talks with America this week despite a host of potential headwinds. Gold slipped with Treasuries. Contracts on the S&P 500, Dow Jones and Nasdaq 100 indexes extended gains after a report that China is still open to a partial trade deal with ...

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Stock revival on hold with investors wary of Ghana polls

Bloomberg First, a deep cleanup of its banking sector battered Ghana stocks. Now, investors already appear to have a wary eye on elections due next year, curbing the prospects of any revival. The Ghana Stock Exchange Composite Index, the world’s third-worst performing equities benchmark in 2019 in dollar terms, has suffered as a government-led reorganisation of banks that ended this ...

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Boeing invests $20m in Virgin Galactic’s space travel program

Bloomberg Boeing Co agreed to invest $20 million for a minority stake in Virgin Galactic, a startup that is preparing to fly its customers into space next year. The relationship is designed as a collaboration aimed at shaping the future of human space travel, the companies said in a statement. Virgin Galactic also is setting longer-term sights on shuttling airline ...

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Lion Air joins record rush of Indonesian firms planning IPOs

Bloomberg Indonesia’s largest private airline is among the more than two dozen local companies planning to sell shares for the first time as investors overlook a selloff in the broader market to lap up stocks from initial public offers. PT Lion Mentari Airlines, miners PT Ginting Jaya Energi, PT Dana Brata Luhur and PT Ifishdeco and developer PT Alamanda Investama ...

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Levi Strauss profit and sales top analysts’ estimates in Q3

Bloomberg Levi Strauss & Co posted third-quarter profit and sales that topped analysts’ estimates, while revenue in its home market fell, as the company navigates an increasingly crowded denim market. Earnings excluding some items amounted to 31 cents a share in August, compared with the 28-cent average of projections. Denim is experiencing a resurgence and the market is getting more ...

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Vans latest company caught up in Hong Kong protests

Bloomberg Hong Kong demonstrations continue to disrupt business as usual for some American companies and shoemaker Vans is the latest to get tangled up in the protests. During its annual shoe-design competition that is currently underway, Vans reportedly removed a submission from its website that depicted both a flower symbol of Hong Kong and protesters wearing gas masks, goggles and ...

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