US Business

Wall Street pegs Boeing's 737 MAX bill at more than $25 bln

16h04 Boeing Co's bill for the 737 MAX grounding could balloon to more than $25 billion, analysts estimated on Wednesday, a day after the U.S. planemaker warned of further delay in returning its once best-selling. . .  Full story

Warren calls on big U.S. banks to disclose preparation for climate risk

16h00 U.S. Senator Elizabeth Warren, a contender for the Democratic Party's presidential nomination, is asking the biggest U.S. banks for details on their assessments of and preparations for risks related to global warming.. . .  Full story

-DAVOS - Trump, WTO chief to discuss changes to trade arbiter

15h35 U.S. President Donald Trump on Wednesday vowed dramatic action with the World Trade Organization, saying the group's director general would visit Washington as soon as next week, but giving no other details.. . .  Full story

Baker Hughes profit misses estimates as LNG equipment demand wanes

15h24 Oilfield services provider Baker Hughes Co missed analysts' estimates for quarterly profit on Wednesday, hit by lower orders in its business that supplies turbines and compressors to liquefied natural gas (LNG) producers.. . .  Full story

Wheat hits new 1-1/2 year high, soybeans steady post 1-month low

15h08 Chicago and Paris wheat futures extended a rally on Wednesday to set new 1-1/2 year highs as strong export demand, tightening global supplies and technical momentum supported prices. Chicago soybeans were. . .  Full story

S&P 500 aims for record open on IBM support, fading China virus fears

15h00 U.S. stock index futures pointed to fresh highs for the S&P 500 on Wednesday, as investors took heart from China's efforts to contain a deadly virus outbreak, while strong results from IBM and Netflix. . .  Full story

DAVOS-Trump says he would have loved to have seen Greta Thunberg speak

14h58 U.S. President Donald Trump said he doesn't think climate change is a hoax and would have loved to have seen Greta Thunberg speak while he was at Davos.. . .  Full story

Trump says he would prefer longer impeachment trial with witnesses

14h07 U.S. President Trump on Wednesday said it was up to the Senate to decide how to handle the impeachment trial over his handling of Ukraine and that he would rather have a long trial. . .  Full story

With record profits on Wall Street, small bonuses will annoy bankers -experts

14h00 Most Wall Street banks announced their fourth quarter profits beat industry expectations last week. But by the end of this week, bank sources and compensation experts told Reuters, most of their staff will be underwhelmed. . .  Full story

Trump says he expects to make trade deal with Europe

13h55 U.S. President Donald Trump on Wednesday said he expects to be able to make a trade deal with Europe, but that negotiating an agreement is in many ways tougher than the trade pact he. . .  Full story

Investors look for insurance as U.S. bull market runs - BNP fund manager

13h13 Asian investors with money in the U.S. equities market are unwilling to cash out their bets just yet - but some are beginning to buy insurance against a correction, according to a quant fund. . .  Full story

ASML sees no financial impact from delay to Chinese order for EUV machine

12h54 The chief executive of semiconductor equipment supplier ASML on Wednesday said the company has received an order for one of its most advanced machines from a Chinese customer but could not deliver it because it. . .  Full story

Bank of America to hire 50 bankers for Asia dealmaking team in 2020 -sources

12h41 Bank of America Corp will recruit about 50 bankers for its investment banking team in Asia this year, as it pushes to bolster its dealmaking business and shore up revenues from the unit, three. . .  Full story

Activist investor calls on Toshiba Machine to put defence plans before shareholders

12h20 Japan's most prominent activist investor on Wednesday demanded Toshiba Machine Co hold an extraordinary shareholders meeting to discuss its plans to introduce defence measures against a hostile takeover.. . .  Full story

Trump says middle class tax cut to be announced over next 90 days- Fox Business

12h18 U.S. President Donald Trump said on Wednesday a tax cut for the middle class would be announced over the next 90 days.. . .  Full story

Major 737 MAX buyer Air Lease remains confident in demand for jet

12h16 Aircraft lessor Air Lease Corp , which has ordered 150 of Boeing's grounded 737 MAX, remains confident in the jet's long-term value, Chief Financial Officer Greg Willis said on Wednesday after Boeing announced a new. . .  Full story

Trump says Fed raising rates was a mistake - CNBC

12h14 The United States' economy would be growing at a pace near 4% if wasn't for the lingering effect of Federal Reserve rate hikes, President Donald Trump told CNBC in an interview on Wednesday.. . .  Full story

DAVOS-BlackRock, partners eye initial $500 mln for climate fund

11h49 A BlackRock-backed group aims to raise an initial $500 million for a private equity fund that will invest in climate change-linked infrastructure upgrades in emerging markets.. . .  Full story

-Powered by SUVs, Hyundai turns in best quarter since early 2017

11h32 Hyundai Motor Co turned in its best quarterly operating profit in over two years and said it was on track for higher profit margins in 2020, powered by more sales of sport-utility vehicles (SUVs). . .  Full story

Cathay says crew can wear masks on all flights due to new coronavirus

11h31 Hong Kong's Cathay Pacific Airways Ltd will allow all crew members and frontline employees to wear surgical masks due to concerns over a new coronavirus, and said passengers to and from Wuhan, China, could. . .  Full story

ValueAct CEO Jeff Ubben to step down -FT

08h24 ValueAct Capital Partners LP's founder Jeff Ubben is stepping down as chief executive officer and will be replaced by the activist hedge fund's president, Mason Morfit, the Financial Times reported on Wednesday.. . .  Full story

Mexico's Pemex issues $5 bln in bonds to refinance debt

03h40 Mexican state oil firm Petroleos Mexicanos said on Tuesday it has issued $5.0 billion in bonds with 11-year and 40-year maturities, which it will use to refinance existing debt.. . .  Full story

Tesla crosses $100 bln stock market valuation in extended trading

03h26 Tesla Inc became the first $100 billion publicly listed U.S. carmaker in extended trading on Tuesday, in a sign of Wall Street's confidence in an all-electric future.. . .  Full story

Trump administration won't turn over auto import probe report, defying Congress

00h50 The Trump administration is snubbing Congress by refusing to turn over a report detailing an investigation into national security risks potentially posed by imported vehicles and auto parts, citing pending international negotiations and executive branch. . .  Full story

Boeing warns of new 737 MAX delay, now sees mid-year return to service

00h44 Boeing Co said on Tuesday it does not expect to win approval for the return of the 737 MAX to service until mid-year due to further potential developments in the certification process and regulatory scrutiny. . .  Full story

Hog, cattle futures ease amid uncertainty about Chinese demand

00h33 U.S. livestock futures came under pressure on Tuesday as traders waited for signs of increased Chinese demand after Beijing and Washington signed an initial trade deal last week.. . .  Full story

IBM forecasts full-year profit above estimates on cloud growth

00h22 International Business Machines Corp forecast full-year profit above market expectations on Tuesday after reporting surprise growth in quarterly revenue, boosted by its high-margin cloud computing business, sending its shares up more than 4%.. . .  Full story

Netflix subscriber growth beats Wall Street estimate as market leader faces Disney

21/01 Netflix Inc added more paying subscribers than Wall Street expected in the fourth quarter as it faced new competition from lower-cost services from Walt Disney Co and Apple Inc for the first time in the. . .  Full story

Wall Street falls as China virus reaches the U.S.

21/01 Wall Street lost ground on Tuesday, backing away from record highs as a viral outbreak from China found its way to U.S. shores and the International Monetary Fund (IMF) lowered its global economic growth. . .  Full story

Defying Congress, U.S. Commerce Department will not turn over auto import probe report

21/01 The Trump administration is snubbing Congress by refusing to turn over a report detailing an investigation into national security risks potentially posed by imported vehicles and auto parts, citing pending international negotiations and executive branch. . .  Full story

U.S. yields sink on fears about China's new virus

21/01 U.S. Treasury prices surged on Tuesday, pushing yields lower as risk appetite dropped, amid worries about the potential fallout from a lethal virus that has broken out in China.. . .  Full story

EXCLUSIVE-Philadelphia refinery expected to be sold to real estate developer -sources

21/01 The bankrupt Philadelphia Energy Solutions is expected to sell its fire-damaged refinery site to real estate developer Hilco Redevelopment Partners, three sources familiar with the situation said on Tuesday.. . .  Full story

U.S. shale oil, natgas output growth to hit slowest in a year -EIA

21/01 U.S. oil and natural gas output in major shale formations is expected to rise by the smallest in about a year in February to record highs, the U.S. Energy Information Administration (EIA) said on. . .  Full story

Corn, soy fall as traders await Chinese buying; wheat jumps

21/01 U.S. corn futures weakened and soybeans touched a five-week low on Tuesday as traders awaited confirmation that China has started to buy more U.S. crops after the countries signed an initial trade deal last. . .  Full story

Don't shun China, urges Merkel at American prize ceremony

21/01 German Chancellor Angela Merkel on Tuesday urged Western global powers to include China in their multilateral system and treat Beijing equally rather than freeze it out and risk slipping into a Cold War-style bipolar. . .  Full story

U.S. seeks big contempt fines against Turkey's Halkbank

21/01 The U.S. government said on Tuesday that Turkey's state-owned Halkbank should be subjected to escalating fines totaling millions of dollars until it responds in court to criminal charges it helped Iran evade U.S. economic sanctions.. . .  Full story

Reynolds Consumer tees up first $1 bln-plus U.S. IPO of 2020

21/01 Reynolds Consumer Products said on Tuesday it is looking to raise up to $1.32 billion in an initial public offering (IPO), potentially setting up the first $1 billion-plus U.S. listing of 2020.. . .  Full story

Spanish olive growers claim first victory against U.S. duties

21/01 Spanish olive growers have claimed an important victory in a U.S. court, which could help lift some of the duties imposed by President Donald Trump's administration, Spain's olive exporters' association said on Tuesday.. . .  Full story

Goldman CEO says process on canceled WeWork IPO 'worked'

21/01 Goldman Sachs Chief Executive David Solomon called WeWork's abandoned initial public offering (IPO) a great example of the listing process working on Tuesday, even if was "not as pretty as everybody would like it to. . .  Full story

Brazil's GOL sees 737 MAX flying by April, with compensation talks under way

21/01 Brazilian low-cost carrier GOL, which has 130 of Boeing's grounded 737 MAX jets on order, expects to be flying the jet by April and hopes to secure a compensation deal within months, chief financial. . .  Full story

Trump has 'very good' trade talks with Europe, keeps tariff threat on table

21/01 U.S. President Donald Trump struck a cautiously optimistic tone on trade talks with Europe on Tuesday, but kept the threat of new car tariffs firmly on the table.. . .  Full story

Thunberg v Trump: A trillion trees is 'not enough'

21/01 Activist Greta Thunberg said on Tuesday planting trees was not enough to address climate change, in an apparent rebuke to a pledge in Davos by U.S. President Donald Trump an hour earlier.. . .  Full story

VTB Group's Orcel says Russian rates could drop up to 75 bps in 2020

21/01 Russian interest rates could drop by up to 75 basis points by the end of 2020, VTB Group Deputy Chief Executive Riccardo Orcel said on Tuesday, as long as inflation holds steady.. . .  Full story

Hedge fund HG Vora wants Tegna to consider a sale or merger -sources

21/01 Another large investor in Tegna Inc wants the U.S. regional TV station operator to pursue a merger or sale, arguing a tie-up could be very valuable at a time the industry is facing a. . .  Full story

Latest China virus outbreak revives fears of 2003 SARS fallout

21/01 The death toll from a flu-like virus in China climbed to six and new cases surged beyond 300 on Tuesday, sending shivers through global markets as investors recalled the fallout from the Severe Acute. . .  Full story

Halliburton takes $2.2 bln charge on shale slump

21/01 U.S. oilfield services firm Halliburton Co. on Tuesday disclosed a $2.2 billion charge to earnings as weakening North American shale activity continued to hit the industry.. . .  Full story

TSX falls as gold, energy stocks weigh

21/01 Canada's main stock index was set to end six sessions of gains on Tuesday, as energy and gold stocks fell against the backdrop of a global downturn in sentiment due to concerns over a. . .  Full story

China vice-premier says will continue to open up, prepared for all challenges

21/01 Chinese Vice-Premier Han Zheng said at the World Economic Forum in Davos on Tuesday the world's second-largest economy will continue to reform as it seeks to provide greater market access for global investors.. . .  Full story

IEA's Birol sees 1 mln bpd oil market surplus in H1 2020; says Iraq a concern

21/01 A surplus of one million barrels per day (bpd) of oil is expected to keep a lid on prices in the first half of 2020, International Energy Agency (IEA) Executive Director Fatih Birol said. . .  Full story

Trump touts U.S. economy, dismisses climate 'prophets of doom' as Greta looks on

21/01 U.S. President Donald Trump touted the success of the U.S. economy in Davos on Tuesday, dismissing "perennial prophets of doom" on climate change to an audience that included Greta Thunberg.. . .  Full story

Aramco IPO proceeds to fund Saudi industry, including defence - finance minister

21/01 Saudi Arabia will pump the proceeds from last month's listing of oil giant Saudi Aramco into the local economy over several years, including building up the domestic defence industry amid tensions with Iran, its finance. . .  Full story

Swedish refiner Nynas proposes restructuring to escape U.S. sanctions

21/01 Swedish oil refiner Nynas, which is owned by Venezuela’s state-run PDVSA and Finland’s Neste Oil, said on Tuesday it planned to reorganise its business in an attempt to disentangle itself from U.S. sanctions imposed on. . .  Full story

U.S. may grow more quickly this year than projections: Mnuchin

21/01 The U.S. economy may grow faster this year than many projections, U.S. Treasury Secretary Steve Mnuchin said on Tuesday, pointing to the positive impact of trade deals and the possible return of Boeing's 737 Max. . .  Full story

Phillips 66, partner cancel renewable diesel project in Washington

21/01 U.S. refiner Phillips 66 and biodiesel producer Renewable Energy Group Inc have abandoned construction of a renewable diesel plant in Washington state following delays in receiving permits and uncertainties, the companies said.. . .  Full story

McDermott to file for Chapter 11 bankruptcy protection

21/01 U.S. oilfield services provider McDermott International Inc said on Tuesday it would file for prepackaged bankruptcy protection under Chapter 11, as it looks to cut debt that ballooned following a major acquisition in 2018.. . .  Full story

Baltic index slips to 9-month low, dragged by lower vessel rates

21/01 The Baltic Exchange's main sea freight index fell to its lowest level since early April last year on Tuesday, weighed down by weaker demand for vessels across all segments.. . .  Full story

Trump says to discuss trade deal with EU's Von der Leyen

21/01 U.S. President Donald Trump said on Tuesday that he was going to discuss a trade deal with the European Union (EU) in a meeting with European Commission President Ursula von der Leyen.. . .  Full story

COLUMN-Mission Impossible: China can't meet its commitments on U.S. crude, LNG, coal: Russell

21/01 The more you delve into the details of China's commitment to buy an additional $52.4 billion in U.S. energy over the next two years, the more it becomes apparent the goal is unachievable, even. . .  Full story

Uber cuts losses from Eats business in India with sale to Zomato

21/01 Uber has sold its loss-making online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China's Ant Financial.. . .  Full story

Macron and Trump declare truce in digital tax dispute

21/01 French President Emmanuel Macron said on Monday he had a "great discussion" with U.S. President Donald Trump over a digital tax planned by Paris and said the two countries would work together to avoid. . .  Full story

Trump says U.S. to join one trillion trees initiative

21/01 U.S. President Donald Trump told a packed forum in the Swiss resort of Davos his country will join the one trillion trees initiative launched at the World Economic Forum, which has chosen sustainability as. . .  Full story

Trump says Fed has lowered rates too slowly

21/01 Thousands of miles from his impeachment trial in the United States, President Donald Trump took centre stage at Davos on Tuesday to tout the success of the country's economy.. . .  Full story

Apple lawsuit tests if an employee can plan rival startup while on payroll

21/01 Attorneys for a former Apple Inc executive on Tuesday will try to convince a skeptical judge of a core tenet of tech startup culture - that employees can plan a competing venture while still. . .  Full story

France offers to suspend digital tax in dispute with U.S. - source

21/01 France has offered to suspend down payments on a digital services tax on big internet companies due in April as part of an effort to resolve a dispute with Washington over the levy, a. . .  Full story

U.S. calls for immediate resumption of operations by Libya's NOC

21/01 The U.S. is deeply concerned that a shutdown of oil operations in Libya risks exacerbating the humanitarian emergency in the country, the U.S. Embassy for Libya said on Tuesday.. . .  Full story

China issues biosafety certificates for domestic GM corn, soybean traits

21/01 China's agriculture ministry issued biosafety certificates on Tuesday for domestically grown, genetically modified (GM) corn and soybean traits, moving closer to commercialisation of GM grain production in the world's top market.. . .  Full story

Talks on tech tax with U.S. still difficult -France's Le Maire

21/01 Talks between France and the United States on taxing digital companies "remained difficult", French Finance Minister Bruno Le Maire said on Tuesday, despite a pledge by the two countries to avoid a trade war. . .  Full story

MTG shares dive as China e-sports talks fail

21/01 Shares in Swedish e-sports and gaming firm MTG dived nearly 20% on Tuesday, after it said talks with live streaming platform Huya over a joint venture to break into the Chinese e-sports market had. . .  Full story

Trump, Greta and unicorns - What to watch for at Davos on Tuesday

21/01 The annual meeting of the World Economic Forum kicked off on Tuesday in the Swiss ski resort of Davos.. . .  Full story

China says buying U.S. farm products will not affect imports from other countries

21/01 China's purchases of U.S. agricultural products will not impact its imports from other countries, a commerce ministry official said on Tuesday.. . .  Full story

Trump, Macron agree important to complete digital services tax talks

21/01 U.S. President Donald Trump and French President Emmanuel Macron agreed on the importance of completing a successful negotiation on the digital services tax, the White House said on Monday.. . .  Full story

Boeing seeks to borrow $10 billion or more amid 737 MAX crisis -source

20/01 Boeing Co is in talks with banks about borrowing $10 billion or more amid rising costs for the U.S. planemaker after two crashes involving its 737 MAX jetliner, a source told Reuters on Monday.. . .  Full story

Macron and Trump declare a truce in digital tax dispute

20/01 French President Emmanuel Macron said on Monday he had a "great discussion" with U.S. President Donald Trump over a digital tax planned by Paris and said the two countries would work together to avoid. . .  Full story

Avolon CEO says greener airlines should pay less to lease planes

20/01 Airlines with the best environmental scores should pay less for leasing aircraft than more polluting competitors, the head of one of the world's top leasing companies said on Monday.. . .  Full story

Alphabet CEO backs temporary ban on facial-recognition, Microsoft disagrees

20/01 The EU's proposal for a temporary ban on facial-recognition technology won backing from Alphabet Chief Executive Sundar Pichai on Monday but got a cool response from Microsoft President Brad Smith.. . .  Full story

AerCap CEO warns against panic discounts for Boeing 737 MAX jets

20/01 Owners of Boeing's grounded 737 MAX jet must keep cool heads and avoid offering panic discounts on sale or lease prices to avoid undermining its long-term value, the head of one of the world's. . .  Full story

CANADA STOCKS-TSX trades flat as gains in gold stocks offset by laggard tech

20/01 Canada's main stock index treaded water on Monday as gains in gold stocks were offset by laggard technology shares, while a holiday in the United States prompted languid trade.. . .  Full story

No turning point in sight as IMF predicts sluggish global growth

20/01 Global growth appears to have bottomed out but there is no rebound in sight and risks ranging from trade tensions to climate shocks makes the outlook uncertain, a top International Monetary Fund official said. . .  Full story

Baltic index hits nine-month low as capesize, panamax rates fall

20/01 The Baltic Exchange's main sea freight index fell to its lowest level since April last year on Monday, dragged by falling rates across the capesize and panamax segments.. . .  Full story

EU won't meet China halfway in investment talks - EU trade chief

20/01 The European Union wants to agree a deal with China this year to protect foreign investment and increase investment market access, but it will not meet Beijing halfway, EU trade chief Phil Hogan said. . .  Full story

Apple's Cook says global corporate tax system must be overhauled

20/01 Everyone knows that the global corporate tax system needs to be overhauled, Apple Chief Executive Tim Cook said on Monday, backing changes to global rules that are currently under consideration.. . .  Full story

BofA raises 2020 oil price view on OPEC+ curbs, Mideast supply risks

20/01 Bank of America Global Research raised its 2020 oil price forecasts on Monday, citing risks to supply from the Middle East, an improving demand outlook and higher OPEC+ compliance to deepen output cuts.. . .  Full story

Higher-yielding Mexico set to lure fresh capital inflows in 2020

20/01 Fueled by high interest rates, Mexico is in 2020 primed to build on recently resurgent capital inflows following a year long overshadowed by uncertainty over a new North American trade deal and U.S.-Chinese economic tensions.. . .  Full story

Air Lease chairman hopes Boeing's 737 MAX cleared to fly within 90 days

20/01 The executive chairman of aircraft leasing firm Air Lease Steven Udvar-Hazy on Monday said he was hopeful that Boeing's grounded 737 MAX would be cleared to fly by regulators within 90 days, but. . .  Full story

EU industry chief: EU ready to act on digital tax, if OECD fails

20/01 European industrial policy chief Thierry Breton said on Monday that if discussions at the OECD level on taxation for digital companies such as Amazon or Google do not bear fruit, the European Union will take. . .  Full story

Stainless steel maker Outokumpu shares up 16% on Q4 beat

20/01 Finnish stainless steel maker Outokumpu said on Monday its October-December core operating profit would be better than expected due to tighter management of its raw material costs, sending its shares 16% higher.. . .  Full story

Private equity firm Peninsula invests in fashion group Zadig & Voltaire

20/01 French fashion label Zadig & Voltaire said on Monday that it had received new investment funding from private equity firm Peninsula.. . .  Full story

Middle East share of India's oil imports falls to 4-yr-low in 2019 - trade

20/01 India's imports of Middle Eastern oil plunged to a four-year low in 2019, tanker data obtained from sources shows, as the energy-hungry nation diversifies its supplies to cut costs and help shield itself from geopolitical. . .  Full story

Tencent says to step up investment overseas and in smart retail

20/01 Chinese tech giant Tencent Holdings said it will step up its investment overseas and in industries such as "smart retail", having already invested in more than 800 companies.. . .  Full story

Trump promises farmers that China trade deal will be good for them

20/01 President Donald Trump sought on Sunday to assure American farmers and ranchers hit by a protracted tariff war with China that a trade agreement he signed with Beijing will lead to major purchases of. . .  Full story

COLUMN-U.S. oil and gas boom tamed by sharply lower prices: Kemp

20/01 U.S. oil and gas production growth is slowing, as lower prices force shale firms to reduce new well drilling and completion rates, and the slowdown is set to intensify this year.. . .  Full story

CEO says Bank of America aims to 'double' its U.S. consumer market share -FT

19/01 Brian Moynihan, the chief executive officer of Bank of America Corp, has said the bank could double its consumer market share in the United States despite fears about the power of the country's largest. . .  Full story

Mexican official eyes stronger ties with China after U.S. trade deal

19/01 Mexico should move to deepen its economic ties with China after U.S. congressional approval of a new North American trade deal, a senior Mexican official said late on Saturday.. . .  Full story

Jordan parliament passes draft law to ban gas imports from Israel

19/01 Jordan's parliament on Sunday approved a draft law to ban imports of Israeli gas to the country just days after they started under a multibillion-dollar deal struck in 2016 which is opposed by much. . .  Full story

Wall St Week Ahead-With market at record highs, eyes on reports from chipmakers

19/01 Reports from Netflix, Intel and Texas Instruments next week may hint at what is to come in the December quarterly earnings season, with some investors wary of possible danger signs that could knock Wall. . .  Full story

China will increase imports from U.S. according to 'market principles' - official

19/01 China will negotiate with American companies and increase imports of U.S. goods and products according to market principles, an official with its state planner said on Sunday.. . .  Full story

U.S. grants Chevron another three months for Venezuela operations

18/01 The U.S. Treasury Department on Saturday granted permission for Chevron Corp, the last major U.S. oil company operating in Venezuela, to continue working in the country until April 22.. . .  Full story

Trump, EU chief to meet in Davos as U.S tariffs loom over digital tax -sources

18/01 Donald Trump is expected to meet with EU leader Ursula von der Leyen in Davos, Switzerland, next week, three sources said on Friday, as tensions mount between the allies over tariff threats and the. . .  Full story

Best Buy starts investigation into CEO's personal conduct

18/01 U.S. consumer electronics retailer Best Buy Co said on Friday that its board was conducting an independent review on allegations of misconduct against Chief Executive Officer Corie Barry after receiving an anonymous letter.. . .  Full story

CME hog and cattle futures end firm on winter weather woes

18/01 Front-month lean hog futures on the Chicago Mercantile Exchange (CME) settled about 1% higher on Friday, supported by fears that a weekend winter storm in the Plains and Midwest would slow the transport of. . .  Full story

IMF chief says interactions with Argentina 'very constructive' so far

18/01 International Monetary Fund Managing Director Kristalina Georgieva said on Friday the lender has had "very constructive" exchanges with Argentina's new Peronist government and would do whatever possible to assist the indebted country.. . .  Full story

Lawyers for Huawei CFO call Canada prosecutor's arguments 'circular'

17/01 Extraditing Huawei Chief Financial Officer Meng Wanzhou to the United States based on American sanctions against Iran would set a dangerous precedent and could even undermine Canada's policy towards Iran, Meng's lawyers argued in court. . .  Full story

S&P, Fitch lower outlook on Bombardier to negative from stable

17/01 S&P Global Ratings and Fitch Ratings on Friday joined fellow credit rating agency Moody's Investors Service to cut their outlook for Bombardier Inc to negative from stable, a day after the company lowered its. . .  Full story

Wall Street hits new highs in strongest week since August

17/01 Wall Street climbed to record highs on Friday, with major indexes turning in their strongest weekly gains since August, after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes. . .  Full story