Articles by Jacob J

Japan public divided as laws easing limits on military take effect

Japan Commits to Mammoth Military Buildup as China's 'Taiwan Annexation' Could Draw it Into War

Japanese defense experts are seriously weighing the chances of China capturing Japanese islands near Taiwan.

Oct 19, 2022

Netflix Shares Zoom as Subscription Outlook Turns Healthy; Q3 Earnings Top Estimates at $7.9 Billion

Netflix's revenue in the third quarter was $7.9 billion, up 6 percent from a year earlier and topping analyst projections.

Oct 19, 2022

Netflix

Saudi Arabian, Abu Dhabi Sovereign Wealth Funds Eyeing Investment in Scandal-Hit Credit Suisse

The Middle Eastern nations are looking to seal a deal ahead of October 27, taking advantage of the depressed value of Credit Suisse assets.

Oct 18, 2022

China Property Financing Vehicles Run Up $8 Trillion Debt and Stare at Default

Bonds issued by the local government financing vehicles (LGFV) are at risk of defaulting in the aftermath of a sustained decline in the real estate sector.

Oct 17, 2022

Credit Suisse Looks to Sell Large Chunks of Domestic Assets to Raise Capital - Report

The Financial Times reported that the bank is looking to sell a stake in the SIX Group, a stake in Madrid-based tech company Allfunds, and the stakes in two specialist Swiss banks.

Oct 16, 2022

Will oil price stay higher after Opec-Russia output reduction?

Opec Output Cut will Alone Push Global Economy Into Recession, IEA Warns

The steep output reduction was shocking to the US, which accused Opec of colluding with Russia.

Oct 14, 2022

Protest Banner in Beijing Calls Xi Jinping Dictator and National Traitor; China Refuses to Call off Zeor-Covid Policy

The banners that appeared in Beijing specifically deals with the draconian Covid-19 measures that China continues to enforce on large chunks of population.

Oct 14, 2022

A man walks past a Singapore Airlines signage at Changi Airport in Singapore

Singapore Airlines Eyes Stake in Air India; Tie-Up With Tata Group Airlines Will Challenge Gulf Carriers

India's Tata Group now controls three airlines -- Air India, Vistara and Air Asia India.

Oct 13, 2022

Credit Suisse Shares Plunge as Legal Challenges Dent Recovery Plan

Shares dropped on news that the US Justice Department is investigating if Credit Suisse helped its US customers hide hundreds of millions of dollars.

Oct 13, 2022

TikTok Owner ByteDance to Spend $3 Billion to Buy Back Stock From Employees at Higher Price

The company is offering $155 per share, which is significantly above $142 offered in the buyback earlier this year.

Oct 12, 2022

Iran Hijab Protest: Girls on Street are Excited by Internet Porn, Says Hardline Regime Insider

Fundamentalist public speaker Ali-Akbar Raefipour branded the Iranian public outrage over the brutal murder of Ahzan Amini as sexual agitation.

Oct 12, 2022

More Trouble for Credit Suisse; Manhattan Court Starts Trial in Forex Market Rigging Case

The lawsuit says Credit Suisse traders shared nonpublic pricing information with traders in other banks and colluded to fix prices in the foreign exchange market.

Oct 12, 2022

Will China Overtake the US as the World's Largest Economy Ever? It's Unlikely; Not Any Time Soon, Anyway

If the current Covid policy stays in place, China GDP growth will be pushed back to below 3 percent levels.

Oct 11, 2022

Jamie Dimon's Recession Fixation: Latest Warning Comes After Robust Jobs Data

Dimon's latest recession warning came after data showed hiring was happening at a brisk pace and unemployment was at a half-century low even as average pay increased. This does not exactly look like a perfect recipe for a recession.

Oct 11, 2022

Netflix Revenue From Ads to Zoom to $2.65 Billion, New Model to Have 22 Million Subscribers - Report

On Monday, Netflix shares closed at$229.98, compared with $587.37 at the beginning of the year.

Oct 11, 2022

Netflix

Coinbase Gets a Boost as it Gets Payment License in Singapore

Singapore's central bank, the Monetary Authority of Singapore, began offering payment approval to cryptocurency firms last year.

Oct 11, 2022

Credit Suisse Shares Rise For 3rd Straight Day as PE Firms Show Interest in Buying Key Products Unit

Credit Suisse stock rose 3.7 percent to 4.61 Swiss francs on Monday, marking an 18 percent rise after dropping to its record closing low at the end of September.

Oct 10, 2022

North Korea to test nuclear-tipped ICBM after claiming clean warhead re-entry

Kim Jong-Un Sharpens Nuclear Attack Threat Against US, South Korea and Japan

North Korea says it has fully demonstrated the effectiveness and practical combat capability of its nuclear combat force.

Oct 10, 2022

Adani Group to Raise $10 Billion to Drive Clean Energy; Sees India Becoming Net Exporter

The group promoted by Gautam Adani, the world's third richest person, held talks with Singapore's sovereign wealth fund GIC and Singapore investment firm Temasek.

Oct 10, 2022

Will Faction-Ridden China Communist Party Allow Xi Jinping to Complete a Third 5-Year Term?

The term limit was abolished through a constitution amendment in 2018, enabling Xi to seek a third term.

Oct 9, 2022

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