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December, 11, 2016

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Business > Global Markets
Technology startups target financial services
It may not be much longer before bank branches join video-rental stores and record shops as relics of a bygone era.
 
Asian markets extended gains Wednesday after another record close on Wall Street, with Japan's SoftBank surging after Donald Trump said the telecoms giant had agreed to invest US$50 billion in the U.S.
 
Most Asian stocks rallied while the euro held up and high-yielding currencies rebounded Tuesday as investors rediscovered their appetite for risk after the previous day's losses fueled by Italian uncertainty.
 
46 countries fail to reach environmental goods deal
Forty-six countries including the U.S., China and European Union nations failed Sunday to agree on a list of "environmental goods" like solar-powered air conditioners or LED light bulbs that could see lower tariffs.
 
Arms manufacturers in Europe and Russia gained market share in 2015, but international sales were still dominated by their U.S. competitors, the Stockholm International Peace Research Institute (SIPRI) said Monday.
 
What to expect from mobile shopping
Shoppers buying on their phones this holiday season will see new ways stores are making it easier and faster as they try to lock in sales before people swipe to the next site.
 
World stocks fell Friday in nervy trade before Italy's crunch referendum and Austria's elections, amid fears that both could send shockwaves reverberating across markets.
 
The OPEC oil cartel defied expectations Wednesday and nailed down its first joint output cut since 2008 after tough talks in Vienna, sending oil prices soaring.
 
Oil prices rose Thursday, building slightly on a surge triggered by OPEC's output decision, while European stock markets retreated as attention switched to U.S. jobs data and Italy's weekend referendum.
 
ASEAN, the 10-state Association of Southeast Asian Nations, is a more open market for international trade than either the European Union or the United States, according to a World Economic Forum report released Wednesday.
 
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