12h58 China will suspend additional
tariffs on U.S.-made vehicles and auto parts for three months
starting Jan. 1, 2019, the country's finance ministry said on
Friday, following a truce in a trade war between the. . .
12h56 Luxury goods maker LVMH
has agreed to buy Belmond, the owner of hotels including
Venice's landmark Cipriani, for $3.2 billion including debt to
increase its presence in upmarket hospitality.. . .
11h50 Oil prices slipped on Friday
after China reported slower economic growth, pointing to lower
fuel demand in the world's biggest oil importer, although market
sentiment was supported by supply cuts agreed last week by. . .
11h19 South Korea's President Moon
Jae-in told Japanese lawmakers on Friday "cautious, restrained"
language is needed when discussing wartime forced labour to
avoid "inciting antagonistic emotions" between the people of the
two East Asian countries.. . .
10h29 China's November retail sales
grew at their weakest pace since 2003 and industrial output rose
the least in nearly three years as the economy lost further
momentum, heaping pressure on Beijing to defuse its. . .
Renault and Fiat Chrysler led an 8.1 percent
decline in European car sales in November, the main regional
industry body said on Friday, as the introduction of tougher new
emissions tests continued to weigh. . .
08h00 China's trade war with the
United States is spurring some Chinese entrepreneurs, government
advisers and think-tanks to call for faster reforms in the
world's second-largest economy and the freeing of a private
sector stifled by. . .
07h25 Chicago soybean futures slid
for a second straight session on Friday, dropping to their
weakest in more than one week as lower-than-expected Chinese
buying weighed on the market.
Wheat ticked lower. . .
01h42 Costco Wholesale Corp's gross
margins fell in the first quarter, as the warehouse operator
paid higher wages, ramped up investments in its online business
and cut prices amid intense competition in the grocery industry.. . .
00h46 Nervous bond holders will
pore over Mexico's budget like never before this weekend to see
if leftist President Andres Manuel Lopez Obrador can pull off
higher social spending, tax cuts and pricey oil ventures. . .
13/12 The S&P 500 finished little
changed after a volatile session on Thursday, as investors
continued to be spooked by uncertainty on both domestic and
international issues, driving up bids for defensive shares while
financials and. . .
13/12 U.S. government
officials on Thursday hailed China's first meager purchase of
U.S. soybeans since its trade war with the United States began
in July and said they hoped for, but could not guarantee, more
to. . .
13/12 President Donald Trump on
Thursday said General Motors Co's decision to shift much
of its focus to electric vehicles will not succeed, and he
asserted a new trade deal will make it harder for. . .
13/12 U.S. Treasury yields were
narrowly mixed on Thursday, generally trading in line with U.S.
equities, with investors also focused on the European Central
Bank's lower growth and inflation forecasts for next year as
well as. . .
13/12 Oil prices climbed more than 2
percent on Thursday, after data showed inventory declines in the
United States and as investors began to expect that the global
oil market could have a deficit sooner. . .
13/12 U.S. Agriculture Secretary
Sonny Perdue said on Thursday he expects the White House to
approve a second tranche of aid payments to farmers hurt by
ongoing trade disputes, despite new Chinese purchases of
soybeans.. . .
13/12 Instacart said on Thursday it will stop
delivering groceries for Whole Foods next year, ending a
partnership that has been under stress since Amazon.com Inc
acquired the upmarket grocer last year.. . .
13/12 Canada's biggest banks are
tightening their grip over the country's C$1.5 trillion ($1.1
trillion) mortgage market as new rules designed to cut out risky
lending make it harder for borrowers to switch lenders, with
some. . .
13/12 U.S. House of Representatives
leader Nancy Pelosi said on Thursday that President Donald Trump
has not answered Democrats' budget compromise proposals on
measures to keep the federal government open.. . .
13/12 The United States plans to
counter the rapidly expanding economic and political influence
of China and Russia in Africa, where the two nations use corrupt
and predatory business practices, U.S. national security adviser
John Bolton. . .
13/12 The founder and CEO of Portuguese
start-up Science4You said demand for the company's share
offering, which closes on Friday, was going well and he remains
confident despite two local companies recently abandoning
listing plans due. . .
13/12 India's monthly oil imports
from Iran plunged to their lowest in a year in November with
Tehran dropping two places to become only the sixth biggest
supplier after New Delhi cut purchases due to. . .
13/12 General Electric Co on Thursday
said its digital unit would sell a majority stake in ServiceMax,
a cloud-based provider of software used in inventory and
workforce management, to technology-focused private equity firm
Silver Lake.. . .
13/12 Norway's sovereign wealth fund and
one of its partners, TH Real Estate, have agreed to sell a
jointly owned property located at 470 Park Avenue South in New
York, the real estate investment arm. . .
13/12 OPEC's supply-cutting deal agreed
last week is vague even by the standards of the oil producer
group as no individual output targets are likely to be
published, although precise plans from top exporter Saudi. . .
13/12 Thailand's PTT
Exploration and Production Pcl has won the production
and development rights for the Erawan and Bongkot petroleum
concessions in the Gulf of Thailand, Energy Minister Siri
Jirapongphan said on Thursday.. . .
13/12 The global oil market could move
into deficit sooner than expected thanks to OPEC's output
agreement with Russia and to Canada's decision to cut supply,
the International Energy Agency said on Thursday.. . .
13/12 China's foreign ministry said on
Thursday that two Canadian nationals detained in China are
suspected of engaging in activities endangering national
security, and that both cases are under investigation.. . .
13/12 SoftBank Group Corp plans
to replace 4G network equipment from China's Huawei Technologies
Co Ltd with hardware from Nokia and Ericsson
, Nikkei reported on Thursday, without citing sources.. . .
13/12 Lazada Group, a
Southeast-Asian e-commerce company backed by Alibaba Group
Holding, appointed Pierre Poignant as its new chief
executive officer (CEO) on Thursday as part of its succession
planning.. . .
13/12 Insurance claims from the
recent spate of California wildfires, including one ranked as
the most deadly and destructive in state history, have topped $9
billion and are expected to grow, the state insurance
commissioner reported. . .
13/12 A top U.S. Justice Department
official pushed back on Wednesday against President Donald
Trump's comment that he might intervene in a legal case
involving an executive from the Chinese telecommunications firm
Huawei Technologies Co if. . .
13/12 China appears to be easing its
high-tech industrial development push, dubbed "Made in China
2025," which has long irked the United States, amid talks
between the two countries to reduce trade tensions, according to
new. . .
13/12 Mexico's government on
Wednesday flagged state oil giant Pemex's 'delicate' finances as
it prepared to present the 2019 budget, seeking to reassure
markets by saying that the company should not be saddled with
more debt. . .
12/12 An "ineffective" safeguard
failed to prevent an explosive mixing of air and fuel at a Husky
Energy refinery in Superior, Wisconsin, leading to a
blast and fire in the plant's gasoline-producing unit in April,
a. . .
12/12 Oil ended lower on Wednesday
after reports that Iran's oil minister said divisions exist
within the Organization of the Petroleum Exporting Countries,
leading futures to give up earlier gains on OPEC-led production
curbs and export. . .
12/12 U.S. stocks were up 1 percent on
Wednesday afternoon, though well below their session highs, as
investors were hopeful about U.S.-China trade relations after
the latest comments from both sides and eyed some reassuring
signs. . .
12/12 U.S. soybean futures hit a
4-1/2-month high on Wednesday as China bought U.S. soybeans for
the first time since U.S. President Donald Trump and his Chinese
counterpart Xi Jinping met in early December.. . .
12/12 U.S. Treasury yields climbed on
Wednesday on signs of progress in U.S.-China trade discussions
and easing tensions on Britain's exit from the European Union
after UK Prime Minister Theresa May looked to have garnered
enough. . .
12/12 Yemen's warring
parties agreed on Wednesday to reopen Sanaa airport in the
Houthi-held capital and resume oil and gas exports, sources
said, as Western nations pressed them to accept
confidence-building steps before the end of. . .
12/12 China on Wednesday bought at
least 500,000 tonnes of U.S. soybeans in its first major
purchase of the oilseed since U.S. President Donald Trump and
his Chinese counterpart Xi Jinping struck a trade war. . .
12/12 Climate change talks
billed as the most important U.N. conference since the Paris
2015 deal on limiting global warming are in their final week in
Katowice, the capital of Poland's Silesian coal mining district.. . .
12/12 U.S. consumer prices were
unchanged in November, held back by a sharp decline in the price
of gasoline, but underlying inflation pressures remained firm
amid rising rents and healthcare costs.. . .
12/12 The Canada Pension Plan
Investment Board (CPPIB), the country's biggest public pension
fund, plans to continue deploying capital in China, despite
political tensions between the two nations, Chief Executive Mark
Machin said on Wednesday.. . .
12/12 Beijing appears to be easing its
push on its "Made in China 2025" industrial policy, which has
long irked Washington amid talks between the world's two largest
economies to de-escalate trade tensions.. . .
12/12 China is planning to replace an
industrial policy with a new program that promises greater
access for foreign companies, the Wall Street Journal reported https://www.wsj.com/articles/china-is-preparing-to-increase-access-for-foreign-companies-11544622331?mod=breakingnews
on Wednesday, in a move to r. . .
12/12 Canada's main stock index rose on
Wednesday, helped by shares of energy companies as oil prices
gained after an industry report showed a drop in U.S. crude
inventories and a cut in Libyan supplies.. . .
12/12 A Brazilian bankruptcy judge
late on Tuesday granted a request by the country's
fourth-largest airline, Avianca Brasil, to suspend lawsuits
seeking repossession of at least 14 of its aircraft, according
to a court document.
Avianca Brasil. . .
12/12 Oil producer cartel OPEC and its partners
will need to keep production lower than their agreed target
through 2019 for benchmark Brent crude to come back to $70 a
barrel, oil and gas consultancy. . .
12/12 OPEC said on Wednesday it had
offset a drop in sanctions-hit Iranian oil exports and lowered
the 2019 forecast of demand for its crude, underlining the
challenge the producer group faces to prevent a. . .
12/12 The U.S. Food and Drug Administration has
declined to approve an abuse-deterrent version of Mallinckrodt
Plc's opioid painkiller Roxicodone, saying some parts of
the company's application need further evaluation.. . .
12/12 OPEC on Wednesday said it
replaced a drop in Iranian exports as U.S. sanctions resumed and
lowered the 2019 forecast of demand for its crude, underlining
its challenge to prevent a glut building even. . .
12/12 Mexican President Andres
Manuel Lopez Obrador's declaration of war on "neo-liberal"
economics has shaken investors holding Petroleos Mexicanos
bonds, fueling concern about the future of the highly-indebted
state oil company he has pledged to revive.. . .
12/12 Famar, a contract manufacturer to
pharmaceutical industries, has completed a 174 million euro
($197 million) debt restructuring and secured new funds from
private equity-backed Pillarstone to strengthen its capital
position.. . .
12/12 China's Foreign Ministry said on
Wednesday that Canada's arrest of Meng Wanzhou, a top executive
with Chinese tech giant Huawei, was a mistake from the start,
and welcomed any efforts to move the case. . .
12/12 Australia is this week set to
sign a preliminary deal with the United States to support joint
research and development of minerals deemed critical to the U.S.
economy, a government minister said on Wednesday.. . .
12/12 Luckin Coffee, an
up-and-coming coffee chain with ambitions to challenge Starbucks
Corp in China, said on Wednesday it has raised $200
million in its latest funding round, increasing the company's
valuation to $2.2 billion.. . .
12/12 Chinese and Hong Kong stocks edged higher
on Wednesday after Huawei's chief financial officer was granted
bail by a Canadian court, and as U.S. President Donald trump
sounded upbeat about a trade deal with. . .
12/12 South Korean conglomerate Hyundai
Motor Group shook up its executive ranks on Tuesday and
appointed its first foreign head of research and development,
raising expectations of a smooth transition of power at the
family-run business. . .
12/12 Warburg Pincus and Hande Group
will invest a total $1 billion in a new joint venture to pursue
special situations investments in real estate projects in China,
the companies said on Wednesday.. . .
12/12 Bureaucratic wrangling and
funding problems have hampered the search for the cockpit voice
recorder of a crashed Lion Air jet, prompting investigators to
turn to the airline to foot the bill in a rare. . .
12/12 The Asian Development Bank
expects developing Asia to meet its growth forecasts for this
year and next on strong domestic demand and easing inflation
pressures, though it warned of downside risks from a rising. . .
12/12 President Donald Trump said
on Tuesday that China was buying a "tremendous amount" of U.S.
soybeans and that trade talks with Beijing were already under
way by telephone, with more meetings likely among U.S.. . .
12/12 The White House is
delaying additional payments from a $12 billion aid package for
farmers stung by President Donald Trump's trade war with China
because it expects Beijing to resume buying U.S. soybeans, three
sources. . .
12/12 McDonald's Corp said on Tuesday
it plans to reduce the use of antibiotics in its global beef
supply, fueling projections that other restaurants will follow
suit.. . .
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