International Markets


China’s Renminbi Now Officially a Reserve Currency

The International Monetary Fund (IMF) on Monday added China's currency, the renminbi, to the basket of official world reserve currencies. The renminbi, which is denominated in yuan, joins the U.S. ...
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India woman with mobile phone

India to Overtake US in Internet User Total

It took India more than a decade to grow its number of Internet users from 10 million to 100 million and three years to grow from 100 million to 200 ...
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European currency

Rekindled Interest in Currency Hedged Equity ETFs

The world of wildly fluctuating currencies and the wave of global quantitative easing, many U.S. investors wanting international exposure have decided to turn to hedged equity market exchange traded funds ...
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China Gives OK to Nokia, Alcatel-Lucent Merger

The $17 billion merger between Finland's Nokia Corp. (NYSE: NOK) and France's Alcatel-Lucent S.A. (NYSE: ALU) received conditional approval Monday morning from China's Ministry of Commerce. The deal, first announced ...
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Singapore Air, Airbus Team for World’s Longest Flight

Singapore Airlines and Airbus are teaming up to create the world’s longest non-stop flight beginning in 2018. The flight will originate in the city-state and fly nonstop some 8,700 nautical ...
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Oil pumpjack

Are Oil Prices Rising as Shorts Cover Their Bets?

Benchmark West Texas Intermediate (WTI) crude oil for November delivery rose above $50 a barrel in electronic trading on Thursday night and hit a high of $50.92 early Friday morning. ...
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Alternative Energy sources

Where Global Investment in Clean Energy Was Highest in Q3

Worldwide investment in renewable energy and smart-energy technologies totaled $70 billion in the third quarter of 2015, down just 1% compared with the same period a year ago. For the ...
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Maersk container ship

US Trade Deficit Grew Handily in August

The reading on international trade, known as the U.S. trade deficit to those who have been watching the reading since the 1980s and 1990s, came in at -$48.3 billion in ...
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Arab oil

Middle East Sovereign Wealth Funds, Reserves Taking a Beating

Low oil prices may have cost the government of Saudi Arabia more than $70 billion in the past six months. Qatar’s sovereign wealth fund has taken paper losses of up ...
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JASSM-B2 Lockheed

When Putin Talks Tough, Lockheed Benefits

Lockheed Martin Corp. (NYSE: LMT) may be adding Russian President Vladimir Putin to its Christmas card list this year. Putin’s tough talk and muscle-flexing have ratcheted up fears of what ...
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Open pit mine

Will Glencore Survive?

Barely two weeks ago, mining and commodity trading giant Glencore placed an offering of more than 1.3 billion new ordinary shares at 125 pence per share (about $1.90) with existing ...
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BMW Defends Diesel Technology

While it is still too early to assess all the damage caused by the revelations of Volkswagen’s cheating on emissions testing of its diesel engines, no one doubts that the ...
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Will 3 Days in a Row of Market Holidays in Japan Be Felt in Asian Equities?

Japan has endured one of the greatest efforts of quantitative easing measures. Abenomics has tried and tried to rekindle some inflation and growth in Japan, but now the Asian equities ...
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Open pit mine

Glencore Places $2.5 Billion in Share Offering

Mining and commodity trading giant Glencore announced Wednesday morning that it had placed a total of more than 1.3 billion new ordinary shares in the London-traded company with existing and ...
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United Nations Securty Council

UN General Assembly Adopts Plan to Reform Security Council

Couched in language that took 23 years to reach agreement on, the United Nations General Assembly on Monday adopted by consensus a negotiating text that sets the stage for adding ...
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