BUSINESS >>Insider's Eye

End is coming for rising trend in US stock market

The US stock market achieved the longest rise in its history on August 22, with the Standard and Poor's 500 index up by 230 percent since 2009. Although this wasn't ...
Source: Global Times | 2018/9/2 19:38:39

Basic problems with accounting practices still holding back recovery in Puerto Rico

Puerto Rico's revival relies on re-establishing the certainty of death and taxes. The island's governor, Ricardo Rosselló, on Tuesday put the official death toll from last year's Hurricane Maria at ...
Source: Global Times | 2018/9/2 19:33:39

China's consumption is changing, not downgrading

There is heated discussion online as to whether China is experiencing a consumption downgrading. Many claim that household budgets are under pressure, spending is being reduced and prices have become ...
Source: Global Times | 2018/8/30 22:53:44

Need for jobs means S.Korea's chaebol overhaul plans may have to be softened

South Korea's chaebol overhaul is running into economic reality. The country's competition chief just unveiled new rules to rein in multi-layered conglomerates, in what will be the first rewrite of ...
Source: Global Times | 2018/8/30 21:03:40

US policies run risk of creating new financial crisis

The US economy is doing well. But the next recession – and there is always another recession – could be very bad.
Source: Global Times | 2018/8/29 20:43:41

Long, hard road ahead to renegotiate NAFTA despite signs of progress with auto deal

A deal between the US and Mexico is only the start of a tough road to renegotiate the North American Free Trade Agreement (NAFTA). Now Canada will rejoin the talks ...
Source: Global Times | 2018/8/29 20:43:40

Keeping a lid on inflation must be priority in China

While recent official Chinese data suggest there was only a mild increase in the nation's Consumer Price Index (CPI) in July, the figure may have failed to capture the full ...
Source: Global Times | 2018/8/28 22:13:42

McCain showed independent streak that remaining Republicans should learn from

John McCain was a financial maverick for a Republican. The Arizona senator, who died on Saturday after battling brain cancer, was famous for his independent streak. His last major contribution ...
Source: Global Times | 2018/8/28 19:43:40

Effective land reform can revitalize China's GDP growth

The Chinese economy is facing downward pressure. Maintaining stable growth has again emerged as a key issue. China has reached a point where it must choose whether to expand real ...
Source: Global Times | 2018/8/27 22:28:40

UK can limit no-deal Brexit currency crisis but vital role of finance sector still at risk

Britain is trying on its Brexit crash helmet. On Thursday, the UK government revealed the first batch of contingency plans for what happens if the country exits the EU next ...
Source: Global Times | 2018/8/27 21:18:39

Strong dollar suits Trump's ego but not the US

Having gained more than 8 percent in value since the start of the year, the US dollar is nearing highs not seen in more than a decade, and market indicators ...
Source: Global Times | 2018/8/26 20:23:40

Dismal Meitu results show harsh reality facing tech firms when user loyalty tails off

A Chinese mainland beauty app just revealed an ugly tech reality. Meitu unveiled dismal first-half results, which lopped nearly a fifth off its $2.9 billion market capitalization. A strategic makeover ...
Source: Global Times | 2018/8/26 20:23:39

Trade deal will strengthen China-Panama relations

China and Panama began talks over a free trade pact in July, only one year after the two nations established diplomatic relations. The first round of negotiations took place in ...
Source: Global Times | 2018/8/23 20:13:41

Italy's bond fix plan is just a covert bailout designed to avoid hard budget decisions

Italy's latest bond fix idea resembles a covert bailout. The economic spokesman of the ruling League Party, Claudio Borghi, says the euro will collapse unless the European Central Bank (ECB) ...
Source: Global Times | 2018/8/23 20:13:40

Yuan depreciation not a tactic amid trade tension

Under the current economic situation, the yuan to US dollar exchange rate can be stabilized at around 7 per the US dollar. Even if it may weaken from that level, ...
Source: Global Times | 2018/8/22 19:58:41

Maduro's new economic strategy will enlarge gaping hole in Venezuela's finances

Venezuela's President Nicolas Maduro is rearranging the economy's deckchairs. A plan he announced on Friday night to devalue the bolivar, peg it to an obscure state-backed cryptocurrency and raise the ...
Source: Global Times | 2018/8/22 19:58:40

China, Mongolia see great potential for cashmere trade

Mongolia has long pushed to diversify its economy and increase the economic viability of its livestock sector, particularly its wool and cashmere business. This is also important for China. Although ...
Source: Global Times | 2018/8/21 21:03:41

Greater powers for US deal review body could put skids under Tesla buyout plans

Tesla Chief Executive Elon Musk's idea of taking the company private faces risks beyond the financial and disclosure-related kind. Saudi Arabia's help in a buyout could spur national-security scrutiny under ...
Source: Global Times | 2018/8/21 21:03:40