Category: Business

Investors have piled into traditionally defensive stocks in the last weeks of the year, spurring a rally some believe may lose steam early in 2022. The S&P 500’s top performing sectors this month are consumer staples (.SPLRCS), real estate investment trusts (.SPLRCR), healthcare (.SPXHC) and utilities (.SPLRCU). Each of the sectors, which are viewed as […]

Equities around the globe traded little changed on Thursday as oil prices fell and the U.S. dollar dipped against most major currencies although it has had its best year since 2015 with a 6.7% rise . With several markets in Asia and Europe closed on Friday, trading volumes were thin and most markets directionless. The […]

South Korea’s exports expanded at their fastest pace in 11 years in 2021, with the total export value reaching a record high, supported by post-pandemic recoveries in global demand. For the full year, exports rose 25.8% from a year earlier to $644.54 billion, trade ministry data showed on Saturday, the fastest pace since 2010. That […]

China will extend preferential income tax policies for foreigners residing in the country to Dec. 31, 2023, the finance ministry said on Friday, as part of measures to ease the burden on taxpayers. Previously, China said benefits and allowances for foreigners including housing rental and education for their children would cease to be income tax-exempt […]

The Japan Atomic Energy Agency (JAEA) and Mitsubishi Heavy Industries Ltd (7011.T) are set to cooperate with the United States and Bill Gates’ venture company to build a high-tech nuclear reactor in Wyoming, the daily Yomiuri reported on Saturday. The parties will sign an agreement as early as January for JAEA and Mitsubishi Heavy Industries […]

U.S. Transportation Secretary Pete Buttigieg and the head of the Federal Aviation Administration (FAA) on Friday asked AT&T (T.N) and Verizon Communications (VZ.N) to delay the planned Jan. 5 introduction of new 5G wireless service over aviation safety concerns. Buttigieg and FAA Administrator Steve Dickson asked AT&T Chief Executive John Stankey and Verizon Chief Executive […]

Germany wants to use its presidency of the Group of Seven (G7) to support the economic recovery from the pandemic and strengthen efforts to improve climate protection, Finance Minister Christian Lindner said on Saturday. “Germany has taken over the G7 presidency for 2022 – the G7 countries stand for freedom, democracy and progress,” Lindner said […]