April, 2017

• 6 April

  GOP plays blame game as health deal prospects fade

  

    Bloomberg Let the blame game begin — again — with House Republicans saying they still can’t reach a deal on reviving their health-care bill, likely delaying any chance of action until at least May. “And this time, we’ll have two weeks to let this all fester,” said Representative Dennis Ross of Florida, referring to the two-week recess that starts ...

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• 6 April

  Michigan would take ‘hardest hit’ from border-tax plan

    Bloomberg Michigan, a state critical to Donald Trump’s presidential win, would be the hardest hit by a proposed 20 percent tax on US companies’ domestic sales and imports, according to a study released by conservative groups associated with billionaire brothers Charles and David Koch. The report, which used federal tax, labor and census data, was commissioned by Freedom Partners ...

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• 6 April

  Manhattan townhouse fetches $79.5 million, setting price record

    Bloomberg A home on Manhattan’s Upper East Side sold for $79.5 million, according to property records made public, making it the highest price ever paid for a townhouse in the borough. The 20,500-square-foot property, at 19 E. 64th St., had been owned by the Wildenstein family, billionaire art dealers whose gallery was located at the site for more than ...

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• 6 April

  Stocks markets fluctuate, dollar rises amid policy bets

  

    Bloomberg Investors turned attention to Washington to gauge the prospects for sweeping policy changes a day after the Federal Reserve roiled markets with talk of shrinking its balance sheet. The S&P 500 Index fluctuated as a rally in crude boosted energy shares, while banks stumbled after White House economic adviser Gary Cohn was said to support separating their business ...

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• 6 April

  Dubai insurance rises on Q1 expectations, Gulf stocks mixed

  

    DUBAI / Reuters Gulf shares were marginally lower on Thursday amid caution from investors ahead of companies reporting first quarter results. Dubai insurance companies made strong gains by the close, lifted by investor bets on good results from the sector and market speculation on consolidation. Dar Al Takaful Insurance jumped 14.84 percent at the closing bell, while Dubai Islamic ...

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• 6 April

  Fed’s quantitative tightening looms over Asia

    Bloomberg Asian emerging markets were among the biggest beneficiaries of the Federal Reserve’s massive balance-sheet build-up over the past decade. So it’s tempting to conclude the Fed’s coming asset wind-down bodes ill for bonds and equities from South Korea to Taiwan. The key gauge to watch may not be the pace at which the US central bank’s balance-sheet contracts ...

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• 6 April

  YouTube TV looks to attract millennials

  

    NEW YORK / AP YouTube TV, Google’s new streaming package of about 40 television channels, is the tech industry’s latest bid to get cable-shunning millennials to pay for live TV over the internet. It offers intriguing advantages over rivals, but it remains hobbled by a limited channel selection. Don’t confuse the YouTube service, with Netflix, Amazon Prime and other ...

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• 6 April

  Facebook adds wifi hotspots to sustain African growth

  

    Bloomberg Facebook Inc. has increased the number of its African users to 170 million and plans to expand further by adding wifi hotspots and laying fiber-optic cables in a bid to spread its reach outside of developed markets. The figure is 42 percent higher than when the US social network first opened an African office in 2015, Carolyn Everson, ...

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• 6 April

  UK court gives ruling on tech patent rights

  

    LONDON / AP Britain’s High Court ruled that it can decide what mobile phone manufacturers should pay to use patented technology that is essential to make mobile networks function. In a case that helps clarify how patents are handled in the telecoms industry, Justice Colin Birss ruled that neither of the parties in the case had made a “fair, ...

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• 6 April

  New robo-adviser app to manage investors’ wealth

  

      Bloomberg Yunfeng Financial Group Ltd., the financial services company backed by Alibaba-billionaire Jack Ma, has created a robo-advisor application to manage the wealth of regular Chinese and Hong Kong investors, a segment traditionally neglected by banks and financial institutions. The service — called Youyu — targets anyone who has a bank account in Hong Kong with at least ...

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