Photos: Inside a $21 million modern Montauk beach mansion

See inside a $21 million modern Montauk beach mansion1:37 PM ET Thu, 1 Nov 2018To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. It has a ocean views, a “floating” guesthouse and a futuristic movie theater.


See inside a $21 million modern Montauk beach mansion1:37 PM ET Thu, 1 Nov 2018To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. It has a ocean views, a “floating” guesthouse and a futuristic movie theater.
Photos: Inside a $21 million modern Montauk beach mansion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-01
Keywords: news, cnbc, companies, site, mansion, 21, view, player, photos, inside, try, modern, beach, views, theater, enabled, plugin, flash, million, browser, montauk


Photos: Inside a $21 million modern Montauk beach mansion

See inside a $21 million modern Montauk beach mansion

1:37 PM ET Thu, 1 Nov 2018

To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again.

It has a ocean views, a “floating” guesthouse and a futuristic movie theater.


Company: cnbc, Activity: cnbc, Date: 2018-11-01
Keywords: news, cnbc, companies, site, mansion, 21, view, player, photos, inside, try, modern, beach, views, theater, enabled, plugin, flash, million, browser, montauk


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A private survey shows China’s factory activity unexpectedly grows

Chinese factory activity expanded sightly in October despite an ongoing trade dispute with the U.S., a survey of small and medium-sized enterprises in China showed. Despite the better-than-expected headline number and slight expansion in manufacturing activity for October, a detailed reading of the survey showed softness in the Chinese economy. Official manufacturing PMI was 50.2 in October — lower than the 50.6 that analysts expected in a Reuters poll. Manufacturing PMI will likely drop below 5


Chinese factory activity expanded sightly in October despite an ongoing trade dispute with the U.S., a survey of small and medium-sized enterprises in China showed. Despite the better-than-expected headline number and slight expansion in manufacturing activity for October, a detailed reading of the survey showed softness in the Chinese economy. Official manufacturing PMI was 50.2 in October — lower than the 50.6 that analysts expected in a Reuters poll. Manufacturing PMI will likely drop below 5
A private survey shows China’s factory activity unexpectedly grows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-01  Authors: huileng tan, aly song
Keywords: news, cnbc, companies, chinas, analysts, pmi, expansion, unexpectedly, china, factory, reading, trade, manufacturing, private, activity, tariffs, reported, shows, grows, survey


A private survey shows China's factory activity unexpectedly grows

Chinese factory activity expanded sightly in October despite an ongoing trade dispute with the U.S., a survey of small and medium-sized enterprises in China showed.

On Thursday, Caixin and IHS Markit reported October Purchasing Managers’ index (PMI) was 50.1 for October, beating analysts’ expectations. Analysts polled by Reuters had expected the reading to have dipped slightly to 49.9 from 50.0 in September.

A reading above 50 indicates expansion, while a reading below that signals contraction.

Despite the better-than-expected headline number and slight expansion in manufacturing activity for October, a detailed reading of the survey showed softness in the Chinese economy.

The sub-index for new orders improved from a two-year low in September but remained in negative territory. New export sales dropped for the seventh straight month.

“China’s economy has not seen obvious improvement,” said Zhengsheng Zhong, director of macroeconomic analysis at CEBM Group, a Caixin subsidiary in a press release.

“Overall, expansion across the manufacturing sector was still weak. Production and business confidence continued to cool despite stable demand. The pressure on production costs didn’t ease,” Zhong added.

On Wednesday, China reported the country’s weakest manufacturing growth in more than two years.

Official manufacturing PMI was 50.2 in October — lower than the 50.6 that analysts expected in a Reuters poll. The official manufacturing PMI was 50.8 in September.

China’s official PMI gauge focuses on large companies and state-owned enterprises, while the private survey by Caixin and IHS focus on small and medium-sized enterprises.

October was the first full month after the latest U.S. tariffs went into effect. Washington and Beijing slapped additional tariffs on each other’s goods on Sept. 24.

Even though October manufacturing data from China was positive, there will be more pressure from the U.S. tariffs in the months ahead, said Wang Tao, head of China economic research at UBS Investment Bank. Manufacturing PMI will likely drop below 50 in November and December, Wang told CNBC on Thursday.

“Q4 and Q1 next year will feel the brunt of the tariff impact,” she added.

Economic data from China is being closely watched amid a trade war between the two economic giants.

Although economic data out of China has held up so far this year even amid the trade dispute with the U.S., analysts said many exporters were rushing to ship products before American tariffs on the goods hit.

Already, China reported slower-than-expected growth of 6.5 percent in the third quarter of the year — its weakest pace since the first quarter of 2009.

Even before the escalation in trade tensions with the U.S. this year, Beijing was already trying to manage a slowdown in its economy after three decades of breakneck growth.

The trade war with the U.S. is now complicating those efforts, with analysts expecting Beijing to boost policy easing measures to manage the threats from the bilateral dispute that may derail growth.

On Wednesday, China’s powerful politburo — the ruling Communist Party’s top decision-making body — said the country will take more timely steps to support its economy, which faces increasing pressures, state news agency Xinhua reported.

— Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-11-01  Authors: huileng tan, aly song
Keywords: news, cnbc, companies, chinas, analysts, pmi, expansion, unexpectedly, china, factory, reading, trade, manufacturing, private, activity, tariffs, reported, shows, grows, survey


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Interview tips: Salary negotiation, how to respond to questions on pay

It’s the question you hope will never arise during your job interview: What is your current salary? Answer honestly, and you risk getting low-balled and missing your chance to climb the pay scale. New York City, Delaware, Amazon and Facebook are but a few of the places to make the shift away from the question. Research suggests that salary history questions can cause pay disparities between men and women to snowball over time. According to compensation research firm PayScale, 43 percent of U.S.


It’s the question you hope will never arise during your job interview: What is your current salary? Answer honestly, and you risk getting low-balled and missing your chance to climb the pay scale. New York City, Delaware, Amazon and Facebook are but a few of the places to make the shift away from the question. Research suggests that salary history questions can cause pay disparities between men and women to snowball over time. According to compensation research firm PayScale, 43 percent of U.S.
Interview tips: Salary negotiation, how to respond to questions on pay Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-01  Authors: karen gilchrist, pattanaphong khuankaew, istock, getty images, steve debenport
Keywords: news, cnbc, companies, cooke, tips, job, respond, interview, york, negotiation, shift, firm, question, salary, history, pay, questions, research


Interview tips: Salary negotiation, how to respond to questions on pay

It’s the question you hope will never arise during your job interview: What is your current salary?

Answer honestly, and you risk getting low-balled and missing your chance to climb the pay scale. Bend the truth, and you might overshoot the mark or, worse still, be found out as a liar.

In the U.S., the once routine query is becoming increasingly uncommon as a number of states, cities and companies have moved to ban it. New York City, Delaware, Amazon and Facebook are but a few of the places to make the shift away from the question.

The move is part of efforts to reduce the gender pay gap. Research suggests that salary history questions can cause pay disparities between men and women to snowball over time.

In some cases, the ban appears to be working. New York City-based recruitment specialist Oliver Cooke told CNBC Make It that one female candidate who interviewed through his firm secured a 100 percent pay increase shortly after the city-wide regulation came into effect.

“I’m pretty confident that if she had said her salary history she would have been offered much less,” remarked Cooke, who said he had seen a “big shift” in the year since the roll out.

Yet, elsewhere, the question continues to rear its head. According to compensation research firm PayScale, 43 percent of U.S. workers are still asked about their salary history. Meanwhile, in other countries, the request is still widespread.

So, how should you respond to make the most of your next job opportunity?


Company: cnbc, Activity: cnbc, Date: 2018-11-01  Authors: karen gilchrist, pattanaphong khuankaew, istock, getty images, steve debenport
Keywords: news, cnbc, companies, cooke, tips, job, respond, interview, york, negotiation, shift, firm, question, salary, history, pay, questions, research


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Chinese mobile lender WeLab aims for new ways to win its customers

One of China’s major mobile lending platforms, WeLab, plans to diversify its services to meet the changing needs of its customers as they enter into new stages of their lives, said the company’s CEO, Simon Loong. WeLab, a Hong Kong-based financial technology firm, plans to expand its services after applying for a virtual banking license from the Hong Kong Monetary Authority this year. In the past, the company only provided its users with lending services but it’s now exploring new opportunities.


One of China’s major mobile lending platforms, WeLab, plans to diversify its services to meet the changing needs of its customers as they enter into new stages of their lives, said the company’s CEO, Simon Loong. WeLab, a Hong Kong-based financial technology firm, plans to expand its services after applying for a virtual banking license from the Hong Kong Monetary Authority this year. In the past, the company only provided its users with lending services but it’s now exploring new opportunities.
Chinese mobile lender WeLab aims for new ways to win its customers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-01  Authors: harini v, anthony kwan, bloomberg, getty images
Keywords: news, cnbc, companies, technology, win, services, aims, loong, lending, virtual, needs, mobile, lender, chinese, hong, welab, plans, customers, ways


Chinese mobile lender WeLab aims for new ways to win its customers

One of China’s major mobile lending platforms, WeLab, plans to diversify its services to meet the changing needs of its customers as they enter into new stages of their lives, said the company’s CEO, Simon Loong.

WeLab, a Hong Kong-based financial technology firm, plans to expand its services after applying for a virtual banking license from the Hong Kong Monetary Authority this year.

In the past, the company only provided its users with lending services but it’s now exploring new opportunities.

“Can we actually with the license, with the technology, offer them other additional financial services and also grow with them throughout their life cycle?” Loong told CNBC at the Hong Kong Fintech week on Wednesday.

Adding new services such as virtual banking to WeLab’s portfolio would help meet different needs of its customers at different points of their lives, Loong said.

The customers at WeLab five years ago were 20 years old, and they may have had needed more lending services at that time, said Loong. Today, the services they need might have changed and evolved to include managing “deposits, transactions, wealth, insurance,” he said.


Company: cnbc, Activity: cnbc, Date: 2018-11-01  Authors: harini v, anthony kwan, bloomberg, getty images
Keywords: news, cnbc, companies, technology, win, services, aims, loong, lending, virtual, needs, mobile, lender, chinese, hong, welab, plans, customers, ways


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Apple is reportedly considering a tie-up with US radio group iHeartMedia

Apple is exploring a tie-up with the largest U.S. radio group, iHeartMedia, to try and boost its streaming service, the Financial Times reported on Thursday. Another source suggested that the tie-up could result in a multimillion-dollar marketing partnership instead of a direct investment, the FT said. The FT said that the tech giant declined to comment while iHeartMedia did not respond to multiple requests for comment. Earlier this year, Apple bought music recognition app Shazam to bolster its


Apple is exploring a tie-up with the largest U.S. radio group, iHeartMedia, to try and boost its streaming service, the Financial Times reported on Thursday. Another source suggested that the tie-up could result in a multimillion-dollar marketing partnership instead of a direct investment, the FT said. The FT said that the tech giant declined to comment while iHeartMedia did not respond to multiple requests for comment. Earlier this year, Apple bought music recognition app Shazam to bolster its
Apple is reportedly considering a tie-up with US radio group iHeartMedia Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-01  Authors: saheli roy choudhury, anadolu agency
Keywords: news, cnbc, companies, stake, considering, radio, ft, spotify, group, million, reportedly, apple, tieup, streaming, source, iheartmedia, times


Apple is reportedly considering a tie-up with US radio group iHeartMedia

Apple is exploring a tie-up with the largest U.S. radio group, iHeartMedia, to try and boost its streaming service, the Financial Times reported on Thursday.

Talks between the two companies are at a preliminary stage and no deal has been agreed, according to people with knowledge, the FT said.

The newspaper added that a source said iHeartMedia, which filed for bankruptcy earlier this year, is hoping that the iPhone-maker will take an equity stake worth tens of millions of dollars. Another source suggested that the tie-up could result in a multimillion-dollar marketing partnership instead of a direct investment, the FT said.

Apple did not immediately respond to CNBC’s emailed request for comment.

The FT said that the tech giant declined to comment while iHeartMedia did not respond to multiple requests for comment.

Earlier this year, Apple bought music recognition app Shazam to bolster its music business as the company takes on streaming giant Spotify. Apple’s subscription service boasted 50 million active users in May, though the company hasn’t offered an official update since. Spotify has 83 million paying subscribers and 100 million or so unpaid users.

Apple is set to report fourth-quarter earnings on Thursday.

Read the Financial Times’ full report on Apple exploring a stake in iHeartMedia here.


Company: cnbc, Activity: cnbc, Date: 2018-11-01  Authors: saheli roy choudhury, anadolu agency
Keywords: news, cnbc, companies, stake, considering, radio, ft, spotify, group, million, reportedly, apple, tieup, streaming, source, iheartmedia, times


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Banks are adapting to get through ‘extinction phase’ spurred by new tech

Pedigrees, some stretching back centuries, are of little use to global banks unless they aggressively adapt to new financial technologies. That’s long been true, but the pace of innovation means financial juggernauts now face what one top executive likened to a mass extinction event. A revolution in financial technology — often shortened to fintech — has propelled an explosion of new entrants who are shaking up the sector. Established giants, for their part, are fighting to adapt, emphasizing th


Pedigrees, some stretching back centuries, are of little use to global banks unless they aggressively adapt to new financial technologies. That’s long been true, but the pace of innovation means financial juggernauts now face what one top executive likened to a mass extinction event. A revolution in financial technology — often shortened to fintech — has propelled an explosion of new entrants who are shaking up the sector. Established giants, for their part, are fighting to adapt, emphasizing th
Banks are adapting to get through ‘extinction phase’ spurred by new tech Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-01  Authors: kelly olsen, ben stansall, afp, getty images
Keywords: news, cnbc, companies, global, unless, established, banking, adapt, unprecedented, technology, true, extinction, banks, phase, spurred, transition, tech, financial, adapting


Banks are adapting to get through 'extinction phase' spurred by new tech

Pedigrees, some stretching back centuries, are of little use to global banks unless they aggressively adapt to new financial technologies.

That’s long been true, but the pace of innovation means financial juggernauts now face what one top executive likened to a mass extinction event.

A revolution in financial technology — often shortened to fintech — has propelled an explosion of new entrants who are shaking up the sector. Established giants, for their part, are fighting to adapt, emphasizing that technology may be changing fast but banking fundamentals are not.

Stephen Bird, CEO for global consumer banking at Citi, said the current changes may be happening on an unprecedented scale, but his bank — established in 1812 — is set to make the transition.


Company: cnbc, Activity: cnbc, Date: 2018-11-01  Authors: kelly olsen, ben stansall, afp, getty images
Keywords: news, cnbc, companies, global, unless, established, banking, adapt, unprecedented, technology, true, extinction, banks, phase, spurred, transition, tech, financial, adapting


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Oil prices fall on signs of rising supplies, ebbing confidence on global economy

Oil prices fell early on Thursday, extending losses in previous sessions, amid signs of rising supply and growing concerns that demand might weaken on the prospect of a global economic slowdown. West Texas Intermediate (WTI) crude futures fell 46 cents to $65.01 a barrel. Thursday’s drops came after U.S. Energy Information Administration data showed crude oil inventories climbed for a sixth straight week. “The strong built in oil inventories is likely to keep downward pressure on oil prices,” AN


Oil prices fell early on Thursday, extending losses in previous sessions, amid signs of rising supply and growing concerns that demand might weaken on the prospect of a global economic slowdown. West Texas Intermediate (WTI) crude futures fell 46 cents to $65.01 a barrel. Thursday’s drops came after U.S. Energy Information Administration data showed crude oil inventories climbed for a sixth straight week. “The strong built in oil inventories is likely to keep downward pressure on oil prices,” AN
Oil prices fall on signs of rising supplies, ebbing confidence on global economy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-01
Keywords: news, cnbc, companies, crude, ebbing, supplies, confidence, rising, slowdown, economy, petroleum, wti, xue, trade, global, fall, prices, oil, signs, supply


Oil prices fall on signs of rising supplies, ebbing confidence on global economy

Oil prices fell early on Thursday, extending losses in previous sessions, amid signs of rising supply and growing concerns that demand might weaken on the prospect of a global economic slowdown.

The Brent crude January futures contract lost 44 cents, or 0.32 percent, to trade at $74.72 per barrel by GMT 0054 GMT. West Texas Intermediate (WTI) crude futures fell 46 cents to $65.01 a barrel.

Both benchmarks posted their worst monthly performance since July 2016 on Wednesday, with Brent falling 8.8 percent for the month and WTI dropping 10.9 percent.

Thursday’s drops came after U.S. Energy Information Administration data showed crude oil inventories climbed for a sixth straight week.

“The strong built in oil inventories is likely to keep downward pressure on oil prices,” ANZ Research analysts said in a note.

Meanwhile a Reuters survey found the Organization of the Petroleum Exporting Countries (OPEC) boosted oil production in October to its highest since 2016, as higher output led by the United Arab Emirates and Libya more than offset a cut in Iranian shipments due to U.S. sanctions, set to start on Nov. 4.

U.S. President Donald Trump said on Wednesday in a presidential memorandum that he had determined there was sufficient supply of petroleum and petroleum products from nations other than Iran to permit a reduction in purchases from that country.

Also weighing on prices is growing concerns over the prospect of a global slowdown amid the ongoing U.S-China trade war, said Bruce Xue, an analyst with Huatai Great Wall Capital Management.

“Oil investors are now betting on the potential of global slowdown,” Xue said.

China delivered disappointing PMI data, with its manufacturing sector in October expanding at its weakest pace in over two years.


Company: cnbc, Activity: cnbc, Date: 2018-11-01
Keywords: news, cnbc, companies, crude, ebbing, supplies, confidence, rising, slowdown, economy, petroleum, wti, xue, trade, global, fall, prices, oil, signs, supply


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Company: cnbc, Activity: cnbc, Date: 2018-11-01
Keywords: news, cnbc, companies, enable, browser, iframes, access, view, blocked, page, supports, options, site


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UK and EU reportedly agree to tentative Brexit deal on financial services

British Prime Minister Theresa May has struck a tentative deal with the European Union that would give UK financial services companies continued access to European markets after Brexit, The Times reported on Thursday. British and European negotiators have reached tentative agreement on all aspects of a future partnership on services, as well as the exchange of data, the British newspaper reported, citing government sources. The services deal would give UK companies access to European markets as


British Prime Minister Theresa May has struck a tentative deal with the European Union that would give UK financial services companies continued access to European markets after Brexit, The Times reported on Thursday. British and European negotiators have reached tentative agreement on all aspects of a future partnership on services, as well as the exchange of data, the British newspaper reported, citing government sources. The services deal would give UK companies access to European markets as
UK and EU reportedly agree to tentative Brexit deal on financial services Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-01  Authors: matt cardy, getty images news, getty images
Keywords: news, cnbc, companies, european, uk, financial, british, services, reportedly, union, brexit, times, access, tentative, eu, deal, agree


UK and EU reportedly agree to tentative Brexit deal on financial services

British Prime Minister Theresa May has struck a tentative deal with the European Union that would give UK financial services companies continued access to European markets after Brexit, The Times reported on Thursday.

British and European negotiators have reached tentative agreement on all aspects of a future partnership on services, as well as the exchange of data, the British newspaper reported, citing government sources.

The services deal would give UK companies access to European markets as long as British financial regulation remained broadly aligned with the EU’s, the Times reported.

The British pound jumped as much as 0.5 percent against the dollar following the report.

Global banks operating in the UK have had to reorganize their operations around Britain’s departure from the European Union, due to take place in March next year. Many have set up new European hubs and begun to move operations, senior executives and staff to ensure they can continue to serve their continental clients if Britain leaves the bloc without a deal.

According to the Times’ report, EU will accept that the UK has “equivalent” regulations to Brussels, and UK financial services companies will be allowed to operate as they now do in Europe.

EU officials have said that the EU’s financial market access system, known as “equivalence,” under which Brussels grants access to foreign banks and insurers if their home rules converge with the bloc’s, is probably Britain’s best bet.

“Equivalence” has so far had limited application, because, for one, under existing rules market access can be withdrawn unilaterally with only a month’s notice, the Times said.

Under the new deal, “equivalence” will be extended and will fall under the governance of the wider trade treaty, allowing the EU and the UK to change or set new financial regulations after consulting each other beforehand, the Times said.

May’s principal Europe adviser, Oliver Robbins, is continuing the negotiations in Brussels, according to the report.

With five months to secure a deal before Britain is due to leave the EU, business leaders are demanding certainty over the kind of trade terms the divorce will deliver.

UK’s Financial Conduct Authority wants Britain to stay closely aligned with the EU, but without Britain’s having to copy all the bloc’s rules, the acting director of strategy at the FCA, Richard Monks, has said.

Britain on Wednesday said there was no set date for Brexit talks to finish, backtracking from a letter by Brexit minister Dominic Raab that suggested a deal on the terms of its departure from the European Union could be finalized by Nov. 21.


Company: cnbc, Activity: cnbc, Date: 2018-11-01  Authors: matt cardy, getty images news, getty images
Keywords: news, cnbc, companies, european, uk, financial, british, services, reportedly, union, brexit, times, access, tentative, eu, deal, agree


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Asia stocks kick off November with mixed trade

Shares in Asia were mixed in the first hours of November trading after a roller coaster October rocked stocks in the region. Japan’s Nikkei 225 slipped into negative territory in early trade, falling by 0.72 percent while the Topix shed 0.57 percent. Tech giants were in focus, with shares of conglomerate Softbank diving more than 6 percent and Panasonic plunging almost 10 percent. In Australia, the benchmark ASX 200 gained 0.28 percent in morning trade, with the materials sector advancing 1.86 p


Shares in Asia were mixed in the first hours of November trading after a roller coaster October rocked stocks in the region. Japan’s Nikkei 225 slipped into negative territory in early trade, falling by 0.72 percent while the Topix shed 0.57 percent. Tech giants were in focus, with shares of conglomerate Softbank diving more than 6 percent and Panasonic plunging almost 10 percent. In Australia, the benchmark ASX 200 gained 0.28 percent in morning trade, with the materials sector advancing 1.86 p
Asia stocks kick off November with mixed trade Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-01  Authors: eustance huang
Keywords: news, cnbc, companies, trade, tinto, mixed, territory, slipped, asia, topix, tech, softbank, kick, trading, shares, stocks


Asia stocks kick off November with mixed trade

Shares in Asia were mixed in the first hours of November trading after a roller coaster October rocked stocks in the region.

Japan’s Nikkei 225 slipped into negative territory in early trade, falling by 0.72 percent while the Topix shed 0.57 percent. Tech giants were in focus, with shares of conglomerate Softbank diving more than 6 percent and Panasonic plunging almost 10 percent.

In Australia, the benchmark ASX 200 gained 0.28 percent in morning trade, with the materials sector advancing 1.86 percent. Shares of major miners saw gains: Rio Tinto was up 1.92 percent, Fortescue Metals advanced 1.63 percent and BHP Billiton jumped 4.86 percent.


Company: cnbc, Activity: cnbc, Date: 2018-11-01  Authors: eustance huang
Keywords: news, cnbc, companies, trade, tinto, mixed, territory, slipped, asia, topix, tech, softbank, kick, trading, shares, stocks


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