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Markets

Citing climate risk, investors bet against US mortgage market

NEW YORK: David Burt helped two of the protagonists of Michael Lewis' book The Big Short bet against the US mortgage market in the run-up to the 2008 financial crisis. Now he's betting against the market again, but this time, the risk is not from underwater subprime mortgages, it's from...

Markets

Commentary: Reverence for the rich and powerful hold Hong Kong back from badly needed reforms

The movement should be taking aim at vested economic interests that have entrenched inequality but do not, says the City University of Hong Kong’s Tony Carroll.

Markets

Iran oil industry must be alert to physical, cyber threats: minister

Iran's oil minister told the petroleum industry on Sunday to be on alert to physical and cyber attacks, amid heightened tensions with the United States in the Gulf region.

Markets

Vape product concerns weigh on Canadian cannabis companies looking for sales boost

A U.S. recommendation that consumers avoid vaping products containing the active ingredient in marijuana ahead of their legalization in Canada next month could be a blow to Canadian cannabis companies' hopes that the higher-margin products will help propel them to profitability.

Markets

Boeing omitted safeguards on 737 MAX that were used on military jet: Report

Boeing Co engineers working on the 737 MAX passenger plane's flight-control system omitted safeguards included in an earlier version of the system used on a military tanker jet, The Wall Street Journal reported on Sunday, citing people familiar with the matter.

Markets

Boeing omitted safeguards on 737 MAX that were used on military jet: WSJ

Boeing Co engineers working on the 737 MAX passenger plane's flight-control system omitted safeguards included in an earlier version of the system used on a military tanker jet, The Wall Street Journal reported on Sunday, citing people familiar with the matter.

Markets

China urges ‘calm and rational’ resolution to US-Sino trade war

China hopes Beijing and Washington will resolve their trade dispute "with a calm and rational attitude", Vice Commerce Minister Wang Shouwen said on Sunday, ahead of talks in two weeks between the two sides.

Markets

Registers, rates and points: Tax hike woes for Japan retailers

Cash register shortages, differing tax levels and a complicated points system: from October 1, Japan will have a new consumption tax and its complex regulations have left some retailers baffled.

Markets

Russia rolls out the red carpet for Huawei over 5G

While the US banned Huawei for alleged espionage and asked its allies to do the same, Moscow has rolled out the red carpet for the Chinese tech company, letting it develop 5G networks in Russia.

Markets

Sales galore as Indian web giants woo reluctant festive shoppers

E-commerce giants Amazon and Walmart-backed Flipkart kicked off a crucial battle for shoppers on Sunday ahead of India's massive festive season as retailers search for a much-needed boost to sales amid a slowing economy.

Markets

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