Iran To Send Revised Proposal To US In 'Days' As 'Tank Tops' Loom, Trump Claims Iran "Informed Us They Are In State Of Collapse"

Who's Winning China's Sportswear Battle? UBS Say It's Not Nike Greater China accounts for about 13% of Nike's revenue and 15% of Adidas', making the world's second-largest economy a major competitive battleground for both clothing brands.  A new UBS note highlights a widening divergence, with Adidas gaining market share as Nike's turnaround struggles to gain solid traction. UBS retail analyst Jay Sole wrote Monday that Adidas continues to outperform Nike in China, citing an industry expert who highlighted Adidas's stronger locally tailored products and marketing. Nike, meanwhile, faces weaker product momentum woes,...

Iran’s announcement declaring the MoU dead was quickly followed by a definitive change in Iran’s military tactics. On Tuesday, Iran’s Deputy Foreign Minister, Kazem Gharibabadi: ‘The U.S. has not merely ‘violated’ the Memorandum of Understanding. With tonight’s action (naval blockade) the MoU has been completely dismantled. Iran is no longer bound by the MoU. Until today […]

"GPIF To The Rescue?" Yen Jumps After Japan Urges Pension Funds To Invest More At Home After a relentless collapse in the yen to a 40 year lows, the trajectory was finally dented overnight when Japan’s finance minister called for the nation’s massive pension funds to increase investments in domestic assets, boosting the yen from near four-decade lows and spurring a rally in bonds. “One priority is to encourage households, as well as pension funds including the GPIF, to increase their investment in Japanese financial assets. We intend to pursue policies...