06h00 London copper inched higher
along with other metals on Thursday, supported by expectations
of potential stimulus measures in China to boost the world's No.
2 economy after recent data pointed to cooling growth.. . .
05h36 Exports of Malaysian palm oil products for November 1 - 15 rose 9.2 percent
to 551,857 tonnes from 505,352 tonnes shipped during October 1 - 15, cargo surveyor Intertek Testing Services said. . .
05h31 The dollar weakened on
Thursday against the pound and euro, which rose after Britain's
prime minister won cabinet approval for her draft Brexit plan,
although concerns about whether the proposal can clear
parliamentary hurdles capped. . .
05h10 Asian stocks rose on Thursday,
taking heart from a bounce in Chinese shares on news that China
has delivered a written response to U.S. trade demands, while
oil prices resumed their retreat on fears. . .
05h08 India's refined copper
consumption is set to more than double over the next eight years
amid rising demand from the power, auto and consumer sectors,
the chief executive of one of the country's top. . .
04h59 The board of directors of
Chilean miner Antofagasta has approved an expansion of
the company's flagship Los Pelambres copper mine in Chile, Chief
Executive Ivan Arriagada told Reuters in an interview on
Thursday.. . .
04h25 China's new home prices
accelerated in October, led by gains in smaller cities,
suggesting a key driver of the country's economic growth
remained intact despite slower investment and increasing
economic headwinds.. . .
04h13 Singapore Airlines Ltd
is facing no problem selling business-class tickets on
its ultra-long non-stop flights to the United States but is
having to price premium economy seats very attractively, a
senior executive said on Wednesday.. . .
04h10 Australia's economy is less
vulnerable to shocks thanks to regulators' efforts in recent
years to curb riskier home lending with macro prudential
measures, a top central banker said on Thursday.. . .
03h48 Australian shares edged lower on Thursday
as financial stocks tracked their Wall Street counterparts,
although stronger oil stocks provided some support for the
broader market as crude prices recovered.. . .
03h32 As contagion from worries over
global growth and trade friction pushes Asian equity, bond and
currency markets deeper into bear territory, fund managers are
hunting for bargains in Chinese and Indian equities and
high-yielding Asian. . .
03h26 Australian employment was
surprisingly strong in October as firms took on more full time
staff and the jobless rate stayed at its lowest since 2012, a
bumper report that sent the local dollar skipping. . .
03h12 A probe by the Nigerian Senate
into whether state oil firm NNPC improperly withdrew money has
expanded with the amount under investigation doubling to over
$2.2 billion, a committee said on Wednesday.. . .
03h06 A "really strong" U.S. economy is
likely to continue growing, but softness in housing and high
levels of corporate debt have caught the Federal Reserve's eye,
Chairman Jerome Powell said on Wednesday.. . .
03h00 India's government and
its central bank are getting close to ironing out some of their
policy differences, said two sources familiar with the
discussions, as they seek to defuse worsening tensions that had
threatened to. . .
03h00 Sterling is being whiplashed by
Brexit headlines and Brexit headlines only these days, it seems.
This is understandable, but the currency's fate next year will
be determined by global economic conditions, which may be. . .
02h37 South Korea's October imports of
Iran oil remained at zero for a second straight month ahead of
U.S. sanctions against Iran that came into effect on Nov.5,
customs office data showed on Thursday.. . .
02h31 Malaysian palm oil imports
from neighbouring producer Indonesia almost doubled in the past
month and the import trend looks set to extend throughout
November, despite local stocks that are near historical highs,
industry sources said.. . .
02h30 Prominent hedge funds,
including Baupost Group and Viking Global Investors, may be
bearing the brunt of utility PG&E Corp's tumbling share
price after raising bets on the utility in the months ahead of
the Camp. . .
02h26 Several prominent investors
raised their stakes in General Electric Co in the third
quarter, before its shares sank in recent weeks, filings with
the U.S. Securities and Exchange Commission showed on Wednesday.. . .
02h18 Japan is considering scrapping
import restrictions on U.S. beef purchases that were put in
place after the first case of mad cow disease in the United
States in 2003, local media reported on Thursday.. . .
02h13 European Union Trade
Commissioner Cecilia Malmstrom said on Wednesday that the EU has
a list of potential retaliation targets ready in case U.S.
President Donald Trump imposes auto tariffs on the bloc's member
states.. . .
02h11 A U.S. congressional
commission said on Wednesday that China appears to have relaxed
enforcement of sanctions on North Korea and called on the
Treasury Department to provide a report on Chinese compliance
within 180 days.. . .
02h00 Potential homebuyers priced
out of Hong Kong's stratospheric property market may now feel
more hopeful as housing prices finally begin to cool after a
bullish stampede lasting more than two years.. . .
01h58 Warren Buffett's Berkshire Hathaway Inc
deepened its commitment to the U.S. financial industry,
announcing a $4.02 billion stake in JPMorgan Chase & Co
and new investments in PNC Financial Services Group Inc
and Travelers Companies. . .
01h14 Grocery delivery startup Instacart raised
an extra $271 million in November from investors including U.S.
hedge fund Tiger Global Management, bringing its latest round of
fund raising to $871 million, a source familiar with. . .
01h14 British Prime Minister Theresa May's
cabinet on Wednesday approved a draft Brexit deal with the
European Union, more than 500 pages of legal text that was long
held up by disagreements between the two. . .
01h13 China has delivered a written
response to U.S. demands for wide-ranging trade reforms, three
U.S. government sources said on Wednesday, a move that could
trigger negotiations to bring an end to a withering trade. . .
01h02 Paulson & Co, led by longtime
gold bull John Paulson, kept its stake in gold investments
during the third quarter of 2018 while other heavyweights
including Soros Fund Management LLC, Jana Partners LLC and
Caxton. . .
01h01 Increased regulation of U.S.
technology companies is one of the biggest risks to a sector
that has led stocks higher, potentially derailing the market's
near-decade-long bull run if it suffers a sustained selloff.. . .
01h00 China Inc's profit
growth has fallen sharply while debt levels have recorded a rare
drop, a Reuters analysis of earnings data shows - signs of
strain brought on by Beijing's crackdown on leverage as. . .
01h00 When Papua New Guinea
Prime Minister Peter O'Neill flagged the possibility of China
bankrolling a port development off his country's northern coast
in June, the consternation in neighbouring Australia set off a
lightening-fast response.. . .
00h41 One hundred Bourbon Parma family
jewels, including 10 pieces that belonged to French Queen Marie
Antoinette, fetched 53.5 million Swiss francs ($53.2 million),
setting a world record for a royal collection, Sotheby's
said on Wednesday.. . .
00h35 Several prominent investors put
fresh money to work in Apple during the third quarter
even as they sold out of other high-flying tech companies,
betting the iPhone maker's stock would keep rising as strong
growth. . .
00h28 Latin American currencies snapped a
six-session losing run on Wednesday, spurred by Brazil's real
and Mexico's peso and a softer dollar that helped emerging
markets currencies in general.
"The euro has. . .
00h20 Uber Technologies Inc
said on Wednesday that growth in bookings for its
ride-hailing and delivery services rose 6 percent in the latest
quarter, the third quarter in a row that growth has remained in
the. . .
14/11 The European Union's Brexit
negotiator Michel Barnier said the British government's
agreement on Wednesday to a draft treaty was a "decisive step"
toward ensuring Britain's orderly withdrawal from the bloc.. . .
14/11 Sterling rose in
volatile trading on Wednesday after UK Prime Minister Theresa
May received the backing of her cabinet for a draft Brexit deal,
but she will now need to get the parliament to. . .
14/11 Wall Street stocks fell on
Wednesday, with the S&P 500 notching a fifth straight day of
losses as financial stocks were hit by fears that regulations on
the banking industry would tighten once the. . .
14/11 Activist investors stepped up
their engagement in Europe and put $7.6 billion to work there in
the first quarter alone while making more calls for corporate
sales and takeovers than last year, new data. . .
14/11 Oil prices bounced up on
Wednesday, as hopes for output cuts fueled a partial rebound
from the previous session's steep decline, and the euro and
sterling gained as British Prime Minister Theresa May obtained
her. . .
14/11 Cisco Systems Inc reported
quarterly revenue and profit that beat Wall Street estimates on
Wednesday, lifted by growth across its traditional business of
routers and switches, as well as in its newer focus areas. . .
14/11 European Union trade commissioner Cecilia
Malmstrom said on Wednesday she hoped that EU member states
would approve the Brexit deal, and that she agreed with
criticism by the United States on China.. . .
14/11 Brazilian oil company Petroleo
Brasileiro SA could receive some 30 billion reais
($7.9 billion) from the government in a renegotiation of the
"transfer of rights" oil contract, a person following the
process told Reuters on. . .
14/11 European Union trade
commissioner Cecilia Malmstrom said on Wednesday that the EU has
a list of potential retaliation targets ready in case U.S.
President Donald Trump imposes auto tariffs on EU member states.. . .
14/11 U.S. Treasury yields fell on
Wednesday, as investors fretted about renewed weakness on Wall
Street, which could signal much deeper problems in the world's
U.S. 30-year, 10-year, and two-year. . .
14/11 U.S. soybean futures rose on
Wednesday on a slower-than-expected harvest pace and news of
fresh export sales, although plentiful global supplies kept a
lid on the market, analysts said.
Wheat futures. . .
14/11 Oil rose nearly 2 percent on
Wednesday, recouping some of the previous session's heavy
selloff, on growing prospects that the Organization of the
Petroleum Exporting Countries and allied producers would cut
output at a meeting. . .
14/11 A California jury on Wednesday cleared
Johnson & Johnson of liability in a case involving a
woman who alleged that the company's talc-based products,
including its baby powder, contain asbestos and caused her
cancer, the. . .
14/11 - Europe's stuttering economy and
Italy's budget crisis may rule out an interest rate rise next
year by the European Central Bank, whose task will be
complicated by leadership change, the Chief Investment Officer
of. . .
14/11 President Xi Jinping
will showcase China's Belt and Road initiative to Pacific
leaders at a regional summit on Friday, diplomats say, with
Western countries watching warily for signs of Beijing's growing
clout.. . .
14/11 Strong U.S. consumer holiday
spending will not boost retailers across the board but instead
benefit winners like Apple Inc that have signature
products, Esplanade Capital's Shawn Kravetz said at the Reuters
Global Investment 2019 Outlook. . .
14/11 Levi Strauss & Co, the 145-year-old
company that made the first pair of blue jeans, is planning an
initial public offering, CNBC reported https://cnb.cx/2zSjbDL on
Wednesday, citing sources familiar with the matter.. . .
14/11 Pan American Silver Corp
said Wednesday it has agreed to buy Tahoe Resources
Inc in a $1.07 billion cash and stock deal that would
create a top global silver miner but also include some
troublesome. . .
14/11 Decades-old regulations barring
foreigners from owning Brazil's airlines are outdated and "might
make no sense anymore," the top executive of Brazil's largest
airline, Gol Linhas Aereas Inteligentes SA, said on
Wednesday.. . .
14/11 Oilfield services company Baker Hughes
, majority owned by General Electric Co, said a
previously announced share offering was priced at a discount of
3.4 percent, sending shares of both companies lower on
Wednesday.. . .
14/11 Britain's top stock index fell on
Wednesday as mining shares and oil majors sold off amid growing
anxiety that global growth was slowing, though a late rally in
gambling stocks offset some of the. . .
14/11 European shares hit their lowest
in two weeks on Wednesday in a broadbased sell-off across oil,
mining, technology and banking stocks amid renewed worries about
a global economic slowdown and Italy's budget crisis deepens.. . .
14/11 Global insurance regulators will
put off singling out insurers deemed so important to the
financial system that they are required to hold extra capital,
in a victory for companies such as American International Group
and. . .
14/11 Mexican central bank deputy
governor Roberto del Cueto has handed in his resignation on
health grounds, the bank said, giving President-elect Andres
Manuel Lopez Obrador more scope to influence the shape of the
Bank of. . .
14/11 Most banks in Britain are not
assessing and escalating whistleblower concerns consistently and
some need to improve arrangements to protect those who lift the
lid on wrongdoing from victimisation, the markets regulator said
on Wednesday.. . .
14/11 Negotiations for a major
China-backed trade agreement have moved to a final stage and
Southeast Asian states involved in the talks are determined to
wrap up the deal in 2019, Singapore, current chair of. . .
14/11 PG&E Corp, the electricity
provider in the Northern California region being ravaged by the
deadly Camp Fire, warned that it could face "significant
liability" in excess of its insurance coverage in the event that
its. . .
14/11 Italian bond yields hit
three-week highs on Wednesday, widening the gap over top-rated
German peers, after Italy re-submitted its 2019 budget to the
European Commission with unchanged growth and budget deficit
assumptions but falling debt. . .
14/11 Reliance Mutual Fund, one of
India's largest fund houses, is betting on select mid-cap stocks
to make a come-back after a big correction this year due to
macro-economic concerns and an emerging market sell. . .
14/11 U.S. consumer prices
increased by the most in nine months in October amid gains in
the cost of gasoline and rents, pointing to steadily rising
inflation that likely will keep the Federal Reserve on. . .
14/11 Sears Holdings Corp is
finalizing a deal with financial firm Great American Capital
Partners and other lenders for $350 million in critical
bankruptcy financing that would keep the U.S. retailer open
through the holidays, people. . .
14/11 The overall perceived risk to the
Canadian financial system has increased slightly over the last
six months, in part due to unease over the global economic
outlook, the Bank of Canada said on Wednesday.. . .
14/11 Boeing Co unit Aurora Flight
Sciences on Wednesday unveiled a solar-powered autonomous
aircraft that will help researchers collect climate-related data
at a fraction of the cost of a satellite.. . .
14/11 Denmark will consider new
rules to restrict ownership of the country's companies by
investors involved in wrongdoing, a government minister said on
Wednesday, responding to lawmakers' questions about a tax fraud
involving international banks.. . .
14/11 A group representing biofuel
companies asked a federal judge on Tuesday to force the U.S.
Environmental Protection Agency to stop exempting small
refineries from renewable fuel laws until a lawsuit challenging
the agency's actions is. . .
14/11 A global standards body has
proposed a one-year delay to implementing its new accounting
rule aimed at increasing visibility in how insurers earn money,
after the industry said it needed more time to prepare. . .
14/11 Leaving the European Union
without a transitional trade deal would cost Britain about 6
percent of GDP -- roughly four years of economic growth --
compared with staying in the bloc, the International Monetary
Fund. . .
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