News

Mon, 19 Aug 2019 00:43:55 -0400
U.S. President Donald Trump and top White House officials dismissed concerns that economic growth may be faltering, saying on Sunday they saw little risk of recession despite a volatile week on global bond markets, and insisting their trade war with China was doing no damage to the United States.
Mon, 19 Aug 2019 00:29:53 -0400
Cathay Pacific shares were choppy in opening trade on Monday after the shock exit of CEO Rupert Hogg, as the airline grapples with mounting Chinese scrutiny over the involvement of some of its staff in anti-government protests in Hong Kong.
Sun, 18 Aug 2019 23:54:45 -0400
Asian stocks tracked the Wall Street rally on Monday and found an extra tailwind from a move by China's central bank to change the way a key interest rate benchmark is set, seen by analysts as reducing borrowing costs for companies.
Sun, 18 Aug 2019 23:01:12 -0400
Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for any signs that Sino-U.S. trade tensions could ease.
Sun, 18 Aug 2019 22:55:12 -0400
Japan's exports slipped for an eighth month in July, while manufacturers' confidence turned negative for the first time in over six years as China-bound sales slumped again in a fresh sign the Sino-U.S. trade war could tip the economy into recession.
Sun, 18 Aug 2019 21:25:05 -0400
U.S. President Donald Trump on Sunday said he did not want the United States to do business with China's Huawei even as the administration weighs whether to extend a grace period for the company.
Sun, 18 Aug 2019 19:32:45 -0400
When Europe's tariffs on U.S. whiskey hit in June 2018, craft distillery Mountain Laurel Spirits LLC lost 10% of its sales overnight as its European distributor simply stopped buying its award-winning Dad's Hat Pennsylvania Rye Whiskey.
Sun, 18 Aug 2019 19:09:18 -0400
President Donald Trump said on Sunday that he had spoken with Apple Inc's Chief Executive Tim Cook about the impact of U.S. tariffs on Chinese imports as well as competition from South Korean company Samsung Electronics Co Ltd .
Sun, 18 Aug 2019 14:52:29 -0400
JPMorgan Chase & Co plans to host a conference call for clients on Tuesday to address recent market moves, after last week's inversion of the U.S. Treasury yield curve and a sharp sell-off on global stock markets.
Sun, 18 Aug 2019 12:18:19 -0400
An unnamed Novartis executive sold 925,400 Swiss francs ($946,000) worth of shares less than three weeks before the U.S. Food and Drug Administration (FDA) announced data from tests of its gene therapy Zolgensma had been manipulated.
Sun, 18 Aug 2019 06:19:32 -0400
Italian premium sports car maker Ferrari NV will expand sales of easier-driving grand touring cars, but will not try to chase rival Porsche's annual sales volume, Ferrari Chairman John Elkann told an audience of classic car enthusiasts gathered at this storied golf resort on the Pacific coast.
Sat, 17 Aug 2019 19:52:29 -0400
Argentina´s Treasury Minister Nicolas Dujovne has resigned, saying in a letter seen by Reuters on Saturday he believed the government needed “significant renewal” in its economic team amid a crisis which saw the peso plunge this week.
Sat, 17 Aug 2019 19:03:17 -0400
The final five minutes of trading have become the busiest time of day for stock market traders in Europe.
Sat, 17 Aug 2019 17:41:03 -0400
Sainsbury's is not talking to internal candidates about succession plans to Chief Executive Officer Mike Coupe and he has the full support of company's shareholders and the board, a company spokesperson told Reuters late on Saturday.
Sat, 17 Aug 2019 13:50:10 -0400
The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar with the situation said.
Sat, 17 Aug 2019 11:31:46 -0400
Japan's SoftBank Group Corp is planning to lend up to $20 billion to its employees, including Chief Executive Masayoshi Son, to buy stakes in its second Vision Fund, the Wall Street Journal reported https://on.wsj.com/307Ljih on Saturday, citing people familiar with the matter.
Sat, 17 Aug 2019 08:19:27 -0400
Banking group Standard Chartered is facing a fine for failing to prevent sanctions breaches, Sky News reported on Saturday.
Sat, 17 Aug 2019 02:07:47 -0400
Hong Kong's political unrest is posing a dilemma for Alibaba Group Holding Ltd on the timing of its planned $15 billion listing in the city, with sources saying China's biggest e-commerce company is now considering several timetables.
Fri, 16 Aug 2019 22:44:58 -0400
A federal judge on Friday allowed PG&E Corp to retain the sole rights to propose a plan to exit bankruptcy, as he rejected efforts by investors to put forward competing plans, according to court documents.
Fri, 16 Aug 2019 22:10:34 -0400
Finding a buyer for Philadelphia Energy Solutions' oil refinery has grown urgent as the bankrupt company's funds dwindle and no signs emerge that it is winning a fight for insurance payouts after a June blaze at the plant, according to court documents and bankruptcy experts.