US Business

Wheat drops for third session on supply pressure, soybeans tick higher

04/12 Chicago wheat futures fell for a third consecutive session on Wednesday, dropping to their lowest in more than a week on pressure from ample world supplies. Corn fell for a second. . .  Full story

Hong Kong police retrieve fresh trove of petrol bombs from university

04/12 Police in Hong Kong this week re-entered the campus of a university it besieged for more than 10 days last month, gathering newly discovered chemicals and petrol bombs hoarded by anti-government protesters in the Chinese-ruled. . .  Full story

China capex growth hits 3-year low as weak economy, trade war drag

04/12 Capital investment by Chinese firms has ground to its slowest pace in three years, as a weakening economy, tight credit and prolonged trade war with the United States dent sales growth and cash reserves,. . .  Full story

COLUMN-Hedge funds pile into petroleum on rosier economic outlook: Kemp

04/12 Hedge funds resumed heavy buying of crude oil and petroleum products last week, with the previous week's bout of profit-taking halted by increasing optimism over the global economy and hopes for more output cuts. . .  Full story

Court tells banks to hand Trump financial records to House Democrats

04/12 A U.S. appeals court on Tuesday handed President Donald Trump another defeat in his bid to keep his financial records secret, directing Deutsche Bank AG and Capital One Financial Corp to comply with subpoenas from. . .  Full story

Proper U.S.-China trade deal more important than timing-U.S. Commerce chief

04/12 U.S. Commerce Secretary Wilbur Ross on Tuesday rejected any deadlines on a trade deal with China and launched a fresh attack on telecoms giant Huawei, further dimming hopes for an end to a 17-month. . .  Full story

U.S. has not ruled out imposing tariffs on imported autos - Commerce chief

04/12 U.S. Commerce Secretary Wilbur Ross said on Tuesday the Trump administration has not ruled out imposing tariffs on imported autos, after letting a review period end in November with no action.. . .  Full story

Russians, Italians, charged for attempt to evade U.S. sanctions

04/12 U.S. federal prosecutors have charged Russian, Italian and U.S. companies and several employees for allegedly trying to evade U.S. sanctions by providing a U.S.-manufactured power turbine to a Russian state-controlled business, the U.S. Justice Department. . .  Full story

China's restaurants feel the heat as pork supplies plunge

04/12 Cao Xianli, the owner of a 'ribs and rice' restaurant in eastern China's Qingdao city, is facing his biggest test in a decade of running the eatery.. . .  Full story

Judge grants U.S. motion to disqualify Huawei lawyer from fraud, sanctions case

04/12 Federal judge grants u.s. Government motion to disqualify james cole, a lawyer for huawei, from criminal case accusing company of bank fraud, sanctions violations -- order. . .  Full story

France fights back over U.S. tariff threat to champagne, cheese

04/12 France and the European Union said on Tuesday they were ready to retaliate if U.S. President Donald Trump acted on a threat to impose duties of up to 100% on imports of champagne, handbags. . .  Full story

Huawei urging suppliers to break the law by moving offshore - U.S. Commerce chief

04/12 China's telecoms giant Huawei has been encouraging its suppliers to violate U.S. law by telling them to move operations offshore in a bid to avoid U.S. sanctions, Commerce Department Secretary Wilbur Ross told Reuters. . .  Full story

Oil steadies after slide on Trump's U.S-China trade comments

03/12 Oil steadied on Tuesday, settling narrowly mixed as expectations of output cuts from OPEC and allied producers helped prices bounce after a slide following comments from U.S. President Donald Trump that a trade deal with. . .  Full story

Wall Street falls as trade hopes wane

03/12 U.S. stocks sold off for a third consecutive session on Tuesday after comments from President Donald Trump and Commerce Secretary Wilbur Ross threw cold water on hopes of a possible near-term respite from the market-bruising. . .  Full story

Wheat futures drop sharply; soy snaps losing streak; corn mixed

03/12 Chicago Board of Trade soft red winter wheat futures sagged 1.8 percent on Tuesday, the biggest percentage loss for the most-active contract in two months, on a round of profit-taking and technical selling, traders said. U.S.. . .  Full story

U.S. consumer watchdog proposes exemptions for banks, credit unions on remittances

03/12 The U.S. consumer watchdog on Tuesday proposed making permanent an exemption that allows certain banks and credit unions to estimate the international remittance fees they charge consumers in instances when it may be too expensive. . .  Full story

French Champagne makers fear impact of potential new U.S. duties

03/12 French champagne producers and exporters decried a U.S. government threat to slap tariffs of up to 100% on a range of French products including sparkling wines, saying they have nothing to do with the. . .  Full story

Bank of Montreal profit drops on costs to cut 5% of workforce

03/12 Bank of Montreal reported a drop in fourth-quarter net profit on Tuesday, driven by severance costs to cut about 5% of its workforce, even as earnings excluding the one-time items beat expectations.. . .  Full story

Court directs banks to provide Trump financial records to House Democrats

03/12 A U.S. appeals court on Tuesday handed President Donald Trump another defeat in his bid to keep his financial records secret, directing Deutsche Bank AG and Capital One Financial Corp to comply with subpoenas from. . .  Full story

Fidelity Investments names new head of $3 trillion asset management division

03/12 Fidelity Investments on Tuesday named Bart Grenier, who was at the center of a tickets scandal at the mutual fund company more than a decade ago, to lead its nearly $3 trillion asset management. . .  Full story

U.S. shoppers, mostly online, spend 16% more over holiday weekend

03/12 A record number of U.S. consumers spent more online and in stores over the holiday weekend for everything from clothing to toys, the National Retail Federation said on Tuesday.. . .  Full story

U.S. Treasury yields continue fall; 10-year yield at 1.7020%

03/12 The 10-year U.S. Treasury yield fell 13.4 basis points on Tuesday, on track for its biggest daily drop since May 2018, reflecting tough trade talk by U.S. President Donald Trump and his Commerce Secretary. . .  Full story

CN Rail strike to weigh on 2019 profit, shares fall

03/12 Canadian National Railway Co on Tuesday cut its adjusted profit growth target for 2019, citing shipment delays from the country's largest rail strike in a decade that ended last week.. . .  Full story

European bond yields dive after Trump suggests trade agreement delay

03/12 European bond yields turned lower on Tuesday, reversing all the previous day's gains, after U.S. President Donald Trump said he had no deadline for reaching a trade agreement with China, adding it could come. . .  Full story

Mexico resists U.S. demands on trade deal, wants Senate to back tweaks

03/12 President Andres Manuel Lopez Obrador on Tuesday pushed back against U.S. attempts to subject Mexico to oversight of its labor market, and said the Mexican Senate should be consulted before changes to a new. . .  Full story

White House considered kicking Huawei out of U.S. banking system - sources

03/12 The Trump administration considered banning China's Huawei from the U.S. financial system earlier this year as part of a host of policy options to thwart the blacklisted telecoms equipment giant, according to three people familiar. . .  Full story

France fights back over U.S. tariff threat to Champagne, cheese

03/12 France and the European Union said on Tuesday they were ready to retaliate if U.S. President Donald Trump acted on a threat to impose duties of up to 100% on imports of champagne, handbags. . .  Full story

Baltic index up for 8th session on robust rates for capesize vessels

03/12 The Baltic Exchange's main sea freight index rose for an eighth straight session on Tuesday, supported by stronger rates for capesize and panamax vessels.. . .  Full story

Fidelity's head of asset management arm to retire - FT

03/12 The head of Fidelity Investment's $2.8 trillion asset management division, Steve Neff, is retiring, the Financial Times reported https://on.ft.com/2PdATJA, citing a memo sent to the brokerage's employees on Tuesday.. . .  Full story

TSX slides for third day on fears of delay in U.S.-China trade deal

03/12 Canada's main stock index fell for a third session on Tuesday after U.S. President Donald Trump said a U.S.-China trade deal might not be reached until after the 2020 U.S. presidential elections.. . .  Full story

France's Macron hopeful of settling digital tax dispute with U.S.

03/12 French President Emmanuel Macron said on Tuesday he was hopeful that trade and economic disagreements with the United States, including a dispute over France's new digital services tax, could be settled.. . .  Full story

SoftBank leads $100 mln funding round in Mexico's Konfio

03/12 Japan's Softbank Group Corp is leading a $100 million investment in Mexico's financial services platform Konfio in its fourth financing round, the Mexican company said in a statement on Tuesday.. . .  Full story

Hedge funds pile into petroleum on rosier economic outlook: Kemp

03/12 Hedge funds resumed heavy buying of crude oil and petroleum products last week, with the previous week's bout of profit-taking halted by increasing optimism over the global economy and hopes for more output cuts. . .  Full story

World's largest pension fund halts stock lending to short sellers

03/12 Japan's Government Pension Investment Fund (GPIF), the world's largest pension fund, has suspended stock lending for short selling, calling the practice inconsistent with its responsibilities as a long-term investor.. . .  Full story

U.S.-China trade pendulum swings toward Beijing; commodities key: Russell

03/12 Since U.S. President Donald Trump launched his trade dispute with China one of the best questions to ask in order to assess the current state of the process is who, right now, is more. . .  Full story

Foxconn's Gou to discuss trade war, investment on U.S. trip

03/12 Terry Gou, the billionaire founder of Apple supplier Foxconn, said on Tuesday he would discuss investment and the China-U.S. trade war while in the United States, adding that he may get to meet U.S.. . .  Full story

Pool of negative-yielding euro zone govt bonds shrinks in November

03/12 The pool of negative-yielding euro zone bonds shrank further in November, data from electronic trading platform Tradeweb showed on Tuesday, but still accounts for almost two-thirds of the bloc's government bond market.. . .  Full story

New U.S. threat of sanctions are bad for global economy - Le Maire

03/12 New tariff threats by the United States on certain French products are bad for the global economy, and France is counting upon the solidarity of its European partners as it looks to challenge the. . .  Full story

PG&E failed to inspect transmission lines that caused deadly 2018 wildfire -state probe

03/12 Bankrupt California power producer PG&E Corp did not properly inspect and replace transmission lines before a faulty wire sparked a wildfire that killed more than 80 people in 2018, a probe by a state. . .  Full story

Safran and MTU reach agreement on co-operation on military jet engine - sources

03/12 French engine maker Safran and German counterpart MTU Aero Engines have reached an agreement to cooperate on a military jet engine, removing an obstacle to developing a Franco-German fighter, sources familiar with the matter said.. . .  Full story

Russia blocks Shutterstock domain for 'insulting state symbols'

03/12 Russia has blocked one of U.S. stock photography and footage provider Shutterstock's domains over content it said constituted an insult to state symbols.. . .  Full story

Trump says new U.S. law on Hong Kong doesn't help China trade talks

03/12 U.S. President Donald Trump said on Monday U.S. legislation backing protesters in Hong Kong did not make trade negotiations with China easier, but added he believes Beijing still wants a deal with the United States.. . .  Full story

Leading French luxury stocks fall after latest U.S. tariff threats

03/12 Shares in leading French luxury companies fell on Tuesday after the United States issued a new set of tariff threats on French products.. . .  Full story

Japan's Astellas to buy Audentes for $3 bln in high-priced gene therapy bet

03/12 Japan's Astellas Pharma Inc is buying U.S. drugmaker Audentes Therapeutics Inc for about $3 billion in cash, in a high-priced push to make genetic medicines a key area of growth.. . .  Full story

EU ready to respond to U.S. tariff threat on France -Le Maire

03/12 The latest U.S. tariff threats on French products are "unacceptable" and the European Union is ready to issue a riposte, French finance minister Bruno Le Maire said on Tuesday.. . .  Full story

Nomura incoming CEO says to speed up reform, domestic retail business seen in focus

03/12 Nomura Holdings Inc's incoming chief executive Kentaro Okuda said on Tuesday he wanted to speed up the pace of reform at the country's largest brokerage, which has long struggled to make its mark globally and. . .  Full story

Goldman expects an "uneventful" 3-month OPEC output cut extension

03/12 Goldman Sachs said on Monday the Organization of the Petroleum Exporting Countries (OPEC) and its allies will likely extend its current output curbs through June, but expects the "uneventful" three-month extension to provide little support. . .  Full story

U.S. Cyber Monday sales to hit record $9.2 billion

03/12 Cyber Monday sales were on course to bring in a record $9.2 billion, according to evening estimates, building on a bumper Black Friday weekend for U.S. retailers driven by earlier-than-usual promotions and free shipping.. . .  Full story

Senior Chinese diplomat set for first visit to S.Korea in 5 years amid missile defence row

03/12 A high-ranking Chinese diplomat is visiting Seoul this week for the first time in five years as the two countries seek to improve ties amid a spat over a U.S. anti-missile system in South. . .  Full story

China may ban all U.S. diplomatic passport-holders from Xinjiang -Global Times editor

03/12 China might ban all U.S. diplomatic passport-holders from entering the country's western Xinjiang autonomous region, Global Times Editor-in-Chief Hu Xijin said on Tuesday.. . .  Full story

COLUMN-U.S. oil output continues to climb despite lower prices: Kemp

03/12 U.S. crude production rose again in September, confounding sceptics who have long been predicting that output is poised to begin declining because of lower oil prices.. . .  Full story

U.S. senators want Turkey sanctioned over Russia missile system

03/12 U.S. lawmakers pressed the Trump administration on Monday to impose sanctions on Turkey over its purchase of a Russian missile defense system, saying the failure to do so sends a "terrible signal," and a. . .  Full story

UnitedHealth forecasts 2020 earnings, midpoint below estimates

03/12 Health insurer UnitedHealth Group on Monday issued its adjusted earnings forecast for 2020, the midpoint of which was below analysts' estimates.. . .  Full story

Trump's tariff ambush risks pushing Brazil closer to China

03/12 U.S. President Donald Trump's surprise decision to slap metals tariffs on Brazil is a blow to President Jair Bolsonaro's aim of forging closer ties with Washington and could push Latin America's No. 1 economy. . .  Full story

Wells Fargo names Scott Powell as COO

03/12 Wells Fargo & Co said on Monday Scott Powell will become chief operating officer, the second external recruit to join the top ranks since Chief Executive Charles Scharf took over six weeks ago.. . .  Full story

U.S. stocks retreat on economy and trade jitters

02/12 Wall Street stepped back from last week's record highs on Monday, with weak U.S. manufacturing data and fresh trade worries keeping buyers on the sidelines.. . .  Full story

Yield curve steeper on weak manufacturing, construction data

02/12 The Treasury yield curve was steeper on Monday following two reports showing U.S. factory activity and construction spending fell unexpectedly, sounding a cautionary note on the U.S. economy despite a recent string of upbeat data.. . .  Full story

U.S. corn futures firm; wheat, soybean futures drop

02/12 U.S. corn futures firmed on Monday, edging up to their highest in nearly a month on a round of technical buying despite signs of poor demand, traders said.. . .  Full story

China's Zijin Mining to buy Canada's Continental Gold for $1 bln amid security risk

02/12 China's Zijin Mining Group Co Ltd has agreed to buy Canadian miner Continental Gold Inc for C$1.3 billion ($1 billion), but a top executive with the target company said elevated security concerns in Colombia. . .  Full story

Russia blocks Shutterstock domain over 'objectionable' content, firm says

02/12 Russia's communications watchdog has blocked one of U.S. stock photography and footage provider Shutterstock's domains over content the company said had been "deemed objectionable" by the Russian authorities.. . .  Full story

U.S. manufacturing contracts further, tempers economic growth hopes

02/12 U.S. factory activity contracted for a fourth straight month in November as new orders slumped back to around their lowest level since 2012, while construction spending fell in October, tempering optimism over the economy that. . .  Full story

U.S. oil output growth slows: just how much is anyone's guess

02/12 U.S. oil producers could expand daily output by 1 million barrels next year, or by as little as 100,000 barrels, with the wide gap creating huge uncertainty as OPEC officials gather this week to. . .  Full story

Facebook warns EU regulators seeking data access about privacy, liability risks

02/12 Facebook warned European Union regulators on Monday against forcing tech giants to open their vast troves of data to rivals, saying such a move would carry privacy and liability risks.. . .  Full story

Trump says U.S. bill on Hong Kong doesn't help China trade talks

02/12 U.S. President Donald Trump on Monday said U.S. legislation backing protesters in Hong Kong did not make trade negotiations with China easier, but added he believes Beijing still wants a deal with the United. . .  Full story

U.S. senators want Turkey sanctioned over Russia missile system - letter

02/12 Republican U.S. Senator Lindsey Graham and Democratic Senator Chris Van Hollen called on the Trump administration on Monday to impose sanctions on Turkey over its purchase of a Russian missile defense system, saying the failure. . .  Full story

China to release "unreliable entity list" soon - Global Times tweet

02/12 China will release an "unreliable entity list" soon, which includes relevant U.S. entities, Global Times Business said http://bit.ly/2ReSCmG in a tweet on Monday, citing an unnamed source.. . .  Full story

BP, Bunge complete Brazil deal to form world's No.2 cane processor

02/12 British oil major BP Plc and U.S. commodities trader Bunge Ltd announced on Monday the completion of a deal to combine their sugar and ethanol operations in Brazil, creating the world's second largest cane processor.. . .  Full story

Brazil steel industry body "perplexed" by Trump tariff move

02/12 Brazil's main steel industry body said on Monday that it was "perplexed" by U.S. President Trump's decision to restore tariffs on Brazilian steel and aluminum, calling the move "retaliation" and saying that the Brazilian government. . .  Full story

TSX dips as Trump to restore tariffs on metal imports from Brazil, Argentina

02/12 Canada's main stock index fell on Monday, tracking global stocks, as U.S. President Donald Trump decided to restore tariffs on steel and aluminum imports from Brazil and Argentina, shrugging off a jump in oil. . .  Full story

U.S. Treasury yields drop after construction spending falls

02/12 U.S. Treasury yields dropped on Monday morning after the Commerce Department reported that construction spending unexpectedly fell in October as investment in private projects tumbled to its lowest level in three years.. . .  Full story

Lexicon Pharma shares plummet after FDA denies appeal against drug rejection

02/12 The U.S. FDA denied Lexicon Pharmaceuticals Inc's appeal against the rejection of its add-on treatment for type 1 diabetes, marking the company's third major setback this year and sending its shares plunging 18% on Monday.. . .  Full story

U.S. factory sector contracts again in November - ISM

02/12 The U.S. economy's manufacturing sector contracted for a fourth straight month in November as new order volumes slid back to around their lowest level since 2012, according to an industry report released on Monday.. . .  Full story

U.S. construction spending unexpectedly falls in October

02/12 U.S. construction spending unexpectedly fell in October as investment in private projects tumbled to its lowest level in three years, offering a cautionary note on the economy despite a recent string of upbeat reports.. . .  Full story

Baltic index gains for seventh-straight session on strong vessel demand

02/12 The Baltic Exchange's main sea freight index rose for a seventh consecutive session, helped by growing demand for ships across vessel segments.. . .  Full story

Rheinmetall re-enters race for Volkswagen's Renk unit - sources

02/12 German defence group Rheinmetall has rejoined the auction for Volkswagen's transmissions maker Renk, as a mid-December deadline for the process approaches, people close to the matter said.. . .  Full story

-Sanofi agrees to sell Seprafilm to Baxter for $350 mln

02/12 Medical supply company Baxter International Inc said on Monday it had agreed to buy Sanofi's Seprafilm unit, which makes specialist surgical products, for $350 million in cash.. . .  Full story

Brazil's Bolsonaro says confident Trump will listen to tariff concerns

02/12 Brazilian President Jair Bolsonaro said on Monday he is almost certain U.S. President Trump will listen to Brazil's economic concerns, after Trump said earlier he would re-impose tariffs on Brazilian and Argentine steel and aluminum.. . .  Full story

COLUMN-China's new Russian natural gas pipeline won't worry LNG, oversupply will: Russell

02/12 A new pipeline from Russia that will eventually be capable of delivering more than a quarter of China's current level of natural gas imports sounds like the last thing embattled liquefied natural gas (LNG) producers. . .  Full story

Centene to sell Illinois health plan unit to CVS to aid merger with WellCare

02/12 Health insurer Centene Corp said on Monday it had entered an agreement to sell its Illinois unit to CVS Health Corp, moving a step closer to closing its $15.27 billion deal to buy smaller. . .  Full story

Pandora sticks to sales forecast despite Black Friday U.S. payment glitch

02/12 Danish jewellery maker Pandora said on Monday there was no reason to change its sales guidance as a result of Black Friday payment issues at U.S. and Canadian concept stores.. . .  Full story

Brazil's largest digital broker XP expects IPO to raise $1.81 bln

02/12 Brazil's largest digital broker XP Inc said on Monday it expects its initial public offering to raise up to $1.81 billion, giving it a market value of about $14 billion.. . .  Full story

U.S. oil output continues to climb despite lower prices: Kemp

02/12 U.S. crude production rose again in September, confounding sceptics who have long been predicting that output is poised to begin declining because of lower oil prices.. . .  Full story

Off the radar: US CEOs' jet perks add millions to corporate tax bills

02/12 As U.S. corporate jet use approaches pre-financial crisis levels and chief executives take an increasing number of personal trips on the company tab, many investors are being kept in the dark about the true. . .  Full story

Putin and Xi oversee launch of landmark Russian gas pipeline to China

02/12 Russian President Vladimir Putin and his Chinese counterpart Xi Jinping on Monday oversaw the launch of a landmark pipeline that will transport natural gas from Siberia to northeast China, an economic and political boost to. . .  Full story

Hong Kong office workers begin week of lunchtime protests

02/12 Hundreds of office workers in Hong Kong's business district gathered on Monday for the first in a week of lunchtime protests backing the pro-democracy movement after its resounding victory in district polls last month in. . .  Full story

Silver Lake appoints Egon Durban, Greg Mondre as first co-CEOs

02/12 Private equity firm Silver Lake on Monday named company veterans Egon Durban and Greg Mondre to the newly formed roles of co-chief executive officers.. . .  Full story

UBS Asset Management bullish on emerging market equities, debt

02/12 The United States' economic outperformance will wane, the dollar will probably weaken and growth next year can be expected from emerging markets, UBS Asset Management said on Monday, the latest money manager to turn bullish. . .  Full story

China suspends review of request for U.S. military ships, aircrafts visiting HK

02/12 China's Foreign Ministry said on Monday it has suspended the review of requests by U.S. military ships and aircraft to visit Hong Kong in response to legislation passed by U.S. lawmakers in support of. . .  Full story

China picks new leaders for Macau, replaces economy chief

02/12 China has appointed a slate of new officials to head the world's top gambling hub of Macau, changing key roles including the city's economy and justice secretaries.. . .  Full story

Many firms have no contingency plans should U.S.-China trade war worsen -DHL survey

02/12 As the U.S.-China trade war drags into its 16th month and continues to disrupt supply chains, more than one-quarter of multinational firms have not made contingency plans, showed a survey from a subsidiary of courier. . .  Full story

Centerra Gold says two workers missing at Kumtor mine

02/12 Two employees working at its Kumtor gold mine in Kyrgyzstan are missing following a "significant rock movement" at a waste rock dump, Centerra Gold Inc said on Sunday.. . .  Full story

White House says it will not participate in Wednesday's Trump impeachment hearing

02/12 The White House told Democratic lawmakers on Sunday that U.S. President Donald Trump and his lawyers would not participate in a congressional impeachment hearing this week, citing a lack of "fundamental fairness.". . .  Full story

White House tells House Democrats that it will not participate in Wednesday impeachment hearing

02/12 The White House said in a letter on Sunday to the chairman of the House of Representatives Judiciary Committee that President Donald Trump would not send representation to a Wednesday impeachment hearing.. . .  Full story

China trade deal "stalled because of Hong Kong legislation" - Axios

02/12 A trade deal between United States and China was now "stalled because of Hong Kong legislation", news website Axios reported on Sunday, citing a source close to U.S. President Donald Trump's negotiating team.. . .  Full story

China wants U.S. tariffs rolled back in phase one trade deal - Global Times

01/12 Beijing's top priority in any phase one trade deal with the United States is the removal of existing tariffs on Chinese goods, China's Global Times newspaper reported on Sunday, amid uncertainty on whether the two. . .  Full story

Schmolz+Bickenbach battle escalates on eve of capital increase vote

01/12 The fight for control of Schmolz+Bickenbach flared on Sunday, with Russian oligarch Viktor Vekselberg's investment vehicle accusing a rival shareholder of trying to increase its stake on the cheap via a planned share issue.. . .  Full story

SK China to set up $850 mln fund with China's Hillhouse Capital - Korea Economic Daily

01/12 A Chinese unit of South Korea's SK Group has decided to set up an investment fund worth 1 trillion won ($848 million) with Hillhouse Capital, Korea Economic Daily said on Sunday, citing investment banking. . .  Full story

Macau casino revenue slides 8.5% in November

01/12 Gambling revenue in the Chinese territory of Macau dropped 8.5% in November year on year, hit by lacklustre demand from high roller gamblers due to slowing economic growth amid the ongoing Sino-U.S. trade. . .  Full story

Facebook issues corrective label on user's post under new Singapore fake news law

30/11 Facebook said on Saturday it had issued a correction notice on a user's post at the request of the Singapore government, but called for a measured approach to the implementation of a new "fake. . .  Full story

GRAINS-U.S. wheat futures surge to 5-mth high on fund covering, global supply worries

30/11 Chicago wheat futures exploded to a five-month high on Friday due to threats to global production and as fund scrambled to cover their short positions in the post-holiday market, traders said.. . .  Full story

China's factory activity unexpectedly returns to growth in November

30/11 Factory activity in China unexpectedly returned to growth in November for the first time in seven months, as domestic demand picked up on Beijing's accelerated stimulus measures to steady growth.. . .  Full story