Hails End of ‘Space Race’ as Profits Crash  Tesco pledged to open big in the US, but expansion in Europe has left the UK-based grocer struggling to maintain its market share. Forbes reports that Tesco’s CEO Dave Lewis said that the company is “no longer in a space race” during an...
Foreign investors are piling into the US commercial property market as they see the sector as one of the few that will escape a property bubble bursting. London's skyline is dominated by skyscrapers that have been snapped up by foreign investors from China, India, and the Middle East.  In New...
The yen strengthened by 1% against the dollar following another North Korean missile test. The yen rallied to 109.03 against the dollar in Tokyo on Tuesday morning, up from 108.75 at the previous close, in its biggest daily move since September 2015.   The Nikkei climbed 2% in Japan to snap...
The federal government said on Friday that it would raise payments to health insurance companies by 45 percent in 2018. The Centers for Medicare and Medicaid Services made the announcement as Congress is considering repealing and replacing the Affordable Care Act. The agency did not specify which insurers or how...
Phasing in the acquisition of Deutsche Boerse would have increased London Stock Exchange’s yearly revenue and market cap. However, today, the merger was blocked by the EU on the basis that it would result in a monopoly for European trading. The merger would have been worth $2 billion and...