Goldman calls for patience to see commodity gains after rout

  Bloomberg Goldman Sachs Group Inc. isn’t letting the biggest commodities rout in eight months shake its confidence in raw materials. The bank is sticking to its view that tightening supplies will lead to higher prices later this year, maintaining its positive outlook on the sector, according to a report dated March 12. Investors should go or stay long on ...

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HSBC shares gain after bank names AIA’s Tucker as chairman

  Bloomberg HSBC Holdings Plc named insurance executive Mark Tucker to succeed Douglas Flint as chairman, enlisting an outsider to oversee Europe’s biggest bank as it overhauls management. Tucker, 59, chief executive officer of AIA Group Ltd. and former head of Prudential Plc, will take the post Oct. 1, the bank said in a statement on Monday. AIA Regional CEO ...

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Nintendo counts on high praise for Zelda

  Bloomberg Nintendo Co. is earning early accolades for making sure that its new Switch console debuted with a strong gaming title, Legend of Zelda: Breath of the Wild. The big question now is whether that will translate into sales. So far, signs are good. The latest iteration of Zelda has received almost universal praise among critics, becoming the fourth-highest ...

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Who and why: Twin mysteries behind leak of CIA cybertools

  WASHINGTON / AP It’s not just who did it, but why. WikiLeaks’ release of nearly 8,000 documents that purportedly reveal secrets about the CIA’s tools for breaking into targeted computers, cellphones and even smart TVs has given rise to multiple theories about who stole the documents and for what reason. Perhaps it was a US spy or contractor who ...

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Improved technology saves time for maple syrup producers

  Dubai / Emirates Business Maple syrup doesn’t get that rich flavour and colour in an instant. It’s a long process from tree to bottle. But an improved technology could keep maple sugarers from working late into the night boiling sap into syrup. The new machine can remove more water from sap, leaving a higher sugar content in half the ...

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CIA listed BlackBerry’s car software as possible target

  Bloomberg BlackBerry Ltd.’s QNX automotive software, used in more than 60 million cars, was listed as a potential target for the Central Intelligence Agency to hack, according to documents released by WikiLeaks. CIA meeting notes mention QNX as one of several “potential mission areas” for the organization’s Embedded Devices Branch. The same branch also worked with U.K. spy agencies ...

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UAE eyes closer trade ties with Asia, Africa

  Dubai / Reuters The United Arab Emirates, one of the Middle East’s largest economies, wants to expand trade ties with faster growing nations in Asia and Africa, a senior official said on Sunday. Gulf Arab states are looking at ways to diversify their economies, including who they trade with, after more than two years of depressed oil prices forced ...

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Learning America’s foundation principles

  Encouraging developments are as welcome as they are rare in colleges and universities that cultivate diversity in everything but thought. Fortunately, state legislatures, alumni and philanthropists are planting little academic platoons that will make campuses less intellectually monochrome. One such, just launched, is Arizona State University’s School of Civic and Economic Thought and Leadership. A primary mission of institutions ...

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Bank analysts signaling political risk is so last year

  Bank stocks often act as proxies for political risk, as well as economic barometers. When a government starts shaking or a recession looms, financial shares may be the first to suffer. If you trust bank analysts, that paradigm is about to change. Financial institutions in countries with high political risk have seen some of the steepest positive earnings revisions ...

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Park’s ouster lets South Korea move on

  Now that a court has ousted her from office, former South Korean President Park Geun-hye’s troubles are only beginning: She could face indictment on charges of bribery and abuse of power. Koreans, however, need to move beyond this lurid scandal. Months of uncertainty over Park’s fate have paralyzed her nation at a critical moment. Koreans have been riveted by ...

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