U.S. President-elect Donald Trump attacked BuzzFeed and CNN during his first news conference since winning the election at Trump Tower in Midtown Manhattan because the two news organizations published reports and documents on alleged ties between the Russian government and Trump. More than 14,000 voices in Sentifi financial market are discussing this explosive story, so stay with Sentifi to learn new insights.
BuzzFeed: Gets called out by Trump
The news organization published a 35-page intelligent report on alleged ties between the Russian government and Donald Trump, a move that Trump condemned as a “political witch hunt.” He also called out the organization for publishing fake news. The report contained much unverified information, and BuzzFeed chose to publish it to let the public to judge for itself. During his conference, Trump called BuzzFeed “a failing pile of garbage.”
Rodrigo Duterte: Pushes away the U.S. in favor of China
Philippine President Rodrigo Duterte is increasing its ties with China, a move that proves to me problematic for the country’s former colonizer and military benefactor the U.S. as well as Japan. Japan has a good relations with the Philippines, giving it aid and investment for decades to outrun China, who is using similar means to increase its control over the region. Japanese Prime Minister Shinzo Abe will meet with Duterte for two days to discuss the future between the two countries.
Turkish Lira: Instills fear into investors
The currency of Turkey has been taking in the past few days, provoking a possibility of a currency crisis. Many Turkish businessmen have sounded off that a weaker lira could slow investments and hurt Turkish companies. Since Jan. 1, the currency has dropped almost 9 percent in value, similar to the financial crises Turkey suffered in the 1900s and early 2000s which lasted several years. The central bank of Turkey has tried to intervene by cutting foreign exchange reserve requirement ratios by 50 basis points for all maturities, and the crowd is expecting more from the bank to save the currency.
Walgreens Boots Alliance: Partners with FedEx
Drugstore operator Walgreens and delivery service have entered into a multi-year deal that enables drop-off and pick up of pre-packaged and pre-labeled at almost all Walgreens stores by the fall of 2018. This could increase shopper traffic for Walgreens as well as supplement FedEx’s networks of stores that are closer to customers and offer additional spots where customers can ship or retrieve packages.
Tiger Airways Holdings: Is forced to cancel flights to and from Bali, Indonesia
The dispute over new licensing conditions between the airline and the Indonesian government has affected more than 1,700 travelers, with hundreds of passenger being left stranded and more having their holiday plans ruined. The airline is now scrambling to resolve the dispute while 350 passengers are stranded in Bali waiting for flights home.
Sainsbury: Has a record Christmas week
The U.K. supermarket chain had a great holiday season, reporting £1 billion group sales over Christmas. Like-for-like retail sales excluding fuel increased 0.1 percent during Q3. The supermarket also recorded more than 30 million customer transactions over the Christmas week. Its shares jumped 4.6 percent when the market opened. The impressive performance of the supermarket signaled positive signs amid talks of post-Brexit slowdown, with the one obvious post-Brexit weakness in the economy being the devalued pound.
Exxon Mobil: Protesters escort Rex Tillerson to Senate hearing
Hundreds of protesters had tried to interrupt Rex Tillerson’s Senate hearing as the ex-CEO of Exxon Mobil attempted to convince the Senate he is a good pick for the secretary of state. Unfortunately for Tillerson, he is facing some resistance from key GOP senators, with Republican Senator Marco Rubio being one of them. The Senate also have lots of doubt for Tillerson due to Exxon’s business ties to Russia. Last year, Tillerson opposed the sanctions the U.S. imposed on Russia and upset the White House by sending an Exxon executive to a Russian business forum, an act that caused some senators to question his royalty to the country.
PBOC: Causes the collapse of bitcoin
From all-time records to extreme bouts of volatility, that’s the journey of bitcoin over the past few days as fear arose after the People’s Bank of China launched spot investigations on bitcoin exchanges in Beijing and Shanghai to fend off market risks. The bank cited the goal of the investigation was to prevent “possible market manipulation, money laundering, unauthorized financing and other issues.” Bitcoin had fell 14 percent in value since the reports of the investigation were published.
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