Oil prices fell about 1% on Tuesday after rising earlier in the session as hopes dimmed for a swift stimulus resolution. Brent crude futures fell 49 cents, or 1.1%, to settle at $44.50 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell 33 cents, or 0.8%, to finish at $41.61 a barrel. … [Read more...] about Asian markets set for mixed trade amid US stimulus wrangling
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Ray Attrill, Head of FX Strategy at National Australia Bank in Sydney, said that “the improvement in risk sentiment has carried the day” for the Aussie after initially being dragged lower by negative news out of New Zealand and second quarter wage data. … [Read more...] about Asian stocks set to track Wall Street’s defiant rally
"The bigger question for markets is whether these actions jeopardise the U.S.-China trade talks on August 15 and markets will be looking closely for any Chinese retaliation," said Tapas Strickland, director of markets & economics at National Australia Bank. … [Read more...] about Asian shares on backfoot as focus shifts to US stimulus, China tensions
Also on Monday, China imposed sanctions on 11 U.S. citizens including lawmakers from Trump’s Republican Party in response to Washington’s imposition of sanctions on Hong Kong and Chinese officials accused of curtailing political freedoms there. … [Read more...] about Asian stocks set for cautious start amid renewed US-China tensions
That could be good news for you. The fact that you have different goals and different appetites can work in your favor. You can present the CEO with a very compelling proposition. Have a conversation in which you say you understand that they want to shut down this business. You see it as something with great potential, but you also know it will require significant investment of funding and time. While you know they don’t want to do that, you are willing to go out and raise money and try build it. If they let you spin out, you will give them a piece of the action (maybe 5% ownership in the company). That way, if it fails, it will cost them nothing, but if it succeeds, they get to participate in the upside. Also, in the immediate, they can reduce costs because instead of sitting on the bench collecting full-time salaries, you could be off the payroll. With this plan, the CEO saves face and expense, and it would be a smart move for them to accept. … [Read more...] about Can I ‘buy’ back an idea from the private equity firm that owns my company?