BUSINESS >>Insider's Eye

Rocket-fueled stocks finally feel the burn on concerns investors once largely ignored

A collection of rocket-fueled stocks are finally feeling the burn. Amazon, Tesla and Facebook have shed billions of dollars in recent days on concerns investors once largely ignored.
Source: Global Times | 2018/4/1 18:58:39

Best way to fix UK gender pay gap would be financial penalty for failure to comply

Good intentions are sometimes insufficient. That may be the case when it comes to closing Britain's gender pay gap. Prime Minister Theresa May could speed things up by aligning the ...
Source: Global Times | 2018/3/29 21:43:40

Mukesh Ambani aims for entertainment earnings with music streaming merger

Mukesh Ambani is playing a new tune. India's richest man, through his flagship conglomerate Reliance Industries, is merging two music-streaming services into one worth $1 billion. Reliance is following a ...
Source: Global Times | 2018/3/28 22:17:01

China is helping to empower African women

China's interaction with Africa has been attracting considerable attention lately, with billions of dollars provided in the form of preferential loans to support the continent's infrastructure, manufacturing, education, trading and ...
Source: Global Times | 2018/3/28 22:17:01

Deal with Singapore-based Grab allows Uber to exit tricky market, prepare for IPO

Uber is revving up for an IPO by exiting another cut-throat market. On Monday, the US ride-hailing giant said it would hand its Southeast Asian arm to Grab, a $6 ...
Source: Global Times | 2018/3/27 23:13:40

Protectionism will hit US companies hardest

Editor's Note: As the US and China are the two largest economies in the world, tension in the bilateral trade relations between the two countries has drawn a lot of ...
Source: Global Times | 2018/3/27 23:13:40

Is it time to move to a floating exchange rate?

Over the years, the yuan exchange rate regime has generally lacked flexibility, which has constrained the People's Bank of China (PBC)'s monetary policy. In a sense, China's monetary policy framework ...
Source: Global Times | 2018/3/26 23:58:39

Inclusion of China bonds in Bloomberg index a timely counterweight to US tariffs

World markets are taking another step to embrace China. Bloomberg will add the country's government and policy-bank bonds to the Bloomberg Barclays Global Aggregate Index. That should attract foreign investors ...
Source: Global Times | 2018/3/26 23:48:39

China needs measured but firm response to US

US President Donald Trump announced plans for up to $60 billion in new tariffs against Chinese goods on Thursday. Compared with Trump's March 1 announcement of tariffs on imported steel ...
Source: Global Times | 2018/3/25 23:23:40

Rate hikes may suit US economy but other monetary authorities will face tricky dilemma

US rate hikes risk causing a global fallout. Gulf states, Hong Kong and other markets that peg their currency to the dollar worry that following the Federal Reserve's tightening ...
Source: Global Times | 2018/3/25 23:23:39

Europe has right to tax foreign tech companies more, but change will be difficult

Where should multinational tech companies pay income tax? Changing international rules devised a century ago will be difficult, but Europe is right that asset-light, data-hungry businesses like Google and Facebook ...
Source: Global Times | 2018/3/22 21:53:40

Solving trade disputes with US requires law, reasoning

Today's world is funny: sometimes it's ruled by law, but most of the time the world is not ruled by law. How can it be? Because in many cases we ...
Source: Global Times | 2018/3/22 21:23:40

Brexit transition deal buys a little time but offers no solutions to primary problems

The latest Brexit deal buys little more than time. The agreement unveiled on Monday effectively keeps Britain in the European Union until the end of 2020, giving companies longer to ...
Source: Global Times | 2018/3/21 21:58:39

China's cabinet reshuffle to boost opening-up

The proposals approved by the 13th National People's Congress (NPC) to revamp the central government organizational lineup are substantive and systematic, which will significantly reshape the decades-old rules of central ...
Source: Global Times | 2018/3/21 21:53:40

Flawed blockchain technology can't justify hype

Predictions that Bitcoin and other cryptocurrencies will fail typically elicit a broader defense of the underlying blockchain technology. Yes, the argument goes, over half of all “initial coin offerings” to ...
Source: Global Times | 2018/3/20 23:03:39

Feeble Facebook response to data scandal shows company is still living in denial

For a business built on growing friendships, Facebook is making an astonishing number of enemies. Revelations by two newspapers that some 50 million of its user profiles were inappropriately harvested ...
Source: Global Times | 2018/3/20 22:58:41

Benefits of big data not yet being fully exploited in China

Surging data flows, which have become one of the hallmarks of the digital era, are gaining a higher profile than traditional flows of goods, liquidity and people. This seems particularly ...
Source: Global Times | 2018/3/19 21:08:39

Coles spinoff may be grim news for Australian grocers but it suits Wesfarmers

Spinning off supermarkets is a good start for Wesfarmers. The A$50 billion ($38.49 billion) Australian conglomerate plans to list Coles separately. Pushing out the slow-growth company should make the rest ...
Source: Global Times | 2018/3/19 21:03:40