Democratic presidential candidate Messam drops out of 2020 race
Yesterday, 17:09
By Jason Lange WASHINGTON (Reuters) - U.S. Democratic Party presidential candidate Wayne Messam on Wednesday signaled that he was ending his 2020 bid for the White House. "I am suspending my 2020 presidential campaign," Messam said in a Twitter post. Messam, 45, defeated a 16-year incumbent in 2015 to become the first black mayor of the Miami suburb of Miramar. He was re-elected in March. The son of Jamaican immigrants, Messam played ..
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Gold Edges Lower as U.S. Oil Data Takes Edge off Slowdown Fears
Yesterday, 17:06 -- Gold prices fell slightly on Wednesday after stronger-than-expected U.S. data ate into the support for haven assets from the latest twists in U.S.-China relations. By 11:05 AM ET (1605 GMT), gold futures for delivery on the Comex exchange were at $1,468.55 a troy ounce, down 0.4% from late Tuesday and well off an intra-day high of $1,479.15. Spot gold fell 0.3% to $1,468.44 an ounce. The $1,470 level held until U.S. government ..
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Thyssenkrupp to cut 640 jobs at System Engineering business
Yesterday, 17:03
FRANKFURT (Reuters) - Thyssenkrupp (DE:TKAG) on Wednesday said it planned to cut 640 jobs at its struggling System Engineering unit, which it put under review earlier this year. System Engineering, which makes assembly lines for the car, aerospace and battery industries, was one of three underperforming divisions the group has said needed major restructuring. "Overall we believe in the future of our automotive engineering business," Karsten ..
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NewsBreak: Oil Inventories Rose by 1.38M Last Week
Yesterday, 16:30 - Oil inventories rose a little less than expected last week, the Energy Information Administration reported Wednesday, sending crude prices higher. Crude stockpiles rose by 1.38 million barrels for the week ended Nov. 15, the EIA said. The market was expecting a build of about 1.54 million barrels, according to forecasts compiled by Gasoline inventories rose by about 1.8 million barrels, versus analysts’ ..
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Some Huawei suppliers get U.S. approval to restart sales to blacklisted firm
Yesterday, 16:27
By Alexandra Alper and David Shepardson (Reuters) - The U.S. government said on Wednesday it has begun issuing licenses for some companies to supply goods to China's blacklisted telecommunications company Huawei Technologies Co Ltd. Companies began receiving notices of approval and "intent to deny" notices from the Commerce Department on Wednesday, two industry sources said, as U.S President Donald Trump seeks to close a partial ..
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U.S. diplomat Sondland says he 'followed the president's orders' on Ukraine
Yesterday, 16:24
By Patricia Zengerle WASHINGTON (Reuters) - A U.S. diplomat who is a pivotal witness in the impeachment inquiry into President Donald Trump said on Wednesday he worked with his personal attorney Rudy Giuliani on Ukraine issues on "the president's orders," confirming Trump's active participation in a controversy that threatens his presidency. Gordon Sondland, the U.S. ambassador to the European Union, told the inquiry that ..
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Emirates jet swap opens door to Boeing 787 deal in Dubai
Yesterday, 16:21
By Alexander Cornwell and Tim Hepher DUBAI (Reuters) - Emirates agreed to buy its first Boeing (N:BA) 787 Dreamliners in a last-minute, $9 billion deal at the Dubai Airshow on Wednesday while reducing its order for the U.S. planemaker's delayed 777X model. The deal for 30 787-9 Dreamliners is part of a $25 billion shake-up of the airline's fleet involving overhauls of orders from both Boeing and Airbus as it reshapes its fleet to ..
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Argentina to Spur Growth and Pay Debt, Fernandez Tells IMF
Yesterday, 16:18
(Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast. Argentine President-elect Alberto Fernandez told International Monetary Fund chief Kristalina Georgieva that he has a plan to grow the economy and tackle the nation’s debt as he seeks to renegotiate a record $56 billion credit line with the lender. “We have developed a sustainable plan that ..
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Russia Aims to Keep OPEC+ Pledge, But Has New Excuse to Break It
Yesterday, 16:15
(Bloomberg) -- Russia offered yet another explanation for why its oil production may exceed its OPEC+ target for November, months after promising to improve the country’s lax implementation of output cuts. “We’re trying to reach the planned level,” Energy Minister Alexander Novak told reporters in Moscow on Wednesday. “There are certain nuances that, as we’ve said before, have an impact during winter season.” The startup of new natural gas ..
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Saudi Central Bank Watches Banks for Excessive Lending in Rush for Aramco IPO
Yesterday, 16:12
(Bloomberg) -- Saudi Arabia is closely monitoring how much banks are lending to local investors rushing to buy shares in Aramco and what impact the mammoth offering will have on the kingdom’s financial sector. The Saudi Arabian Monetary Authority wants daily updates on how much credit banks are providing after it eased lending limits for buyers, according to people with knowledge of the matter. The regulator is warning banks not to breach any ..
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Latest News

Oil dips on worries U.S.-China trade deal could slip to next year
Today, 02:09
By Koustav Samanta SINGAPORE (Reuters) - Oil prices retreated on Thursday as a spat over Hong Kong added to worries of a delay in any U.S.-China trade deal, after posting steep gains in the previous session on bullish U.S. crude inventory data. The trade war between the world's two biggest economies has dominated the outlook for future oil demand, and trade experts have warned the completion of a "phase one" U.S.-China trade deal could slip ..
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Google to let sites block personalized ads under California privacy law
Today, 02:06
By Paresh Dave SAN FRANCISCO (Reuters) - Websites and apps using Google's advertising tools will be able to block personalized ads to internet users in California and elsewhere as part of the Alphabet (NASDAQ:GOOGL) Inc unit's effort to help them comply with the state's new privacy law, it told clients this week. The California Consumer Privacy Act (CCPA), which goes into effect on Jan. 1, requires large businesses to let ..
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Apple supplier Japan Display says executive embezzled $5.25 million
Today, 02:03
TOKYO (Reuters) - Japan Display Inc said on Thursday it dismissed an accounting executive last year for embezzling about $5.3 million over four years since the Apple Inc (NASDAQ:AAPL) supplier went public in 2014. JDI said in a statement it had filed a criminal complaint against the former employee and that it was cooperating with police. The embezzlement was first reported by the Asahi newspaper on Thursday. The employee had defrauded the ..
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Asian shares slide as Sino-U.S. spat on Hong Kong clouds trade deal outlook
Today, 01:15
By Hideyuki Sano TOKYO (Reuters) - Global shares slid on Thursday as a fresh row between Washington and Beijing over U.S. bills on Hong Kong could complicate their trade negotiation and delay a "phase one" deal that investors had initially hoped to be inked by now. MSCI's broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) fell 0.16% while Japan's Nikkei (N225) dropped 0.25%. U.S. S&P500 futures (ESc1) dropped 0.2% in ..
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Alibaba to pay banks up to $32.3 million in fees for Hong Kong listing
Today, 01:12
By Scott Murdoch (Reuters) - China's Alibaba (N:BABA) will pay its investment banking syndicate up to $32.3 million for leading its Hong Kong listing which will raise up to $12.9 billion, according to documents filed with U.S. securities regulators. The e-commerce giant employed two co-sponsors, China International Capital Corp (CICC) and Credit Suisse (S:CSGN), to head the deal which has been carried out over the past week. The two lead ..
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Can he 'ride it out'? Pompeo future uncertain after impeachment testimony
Today, 01:09
By Jonathan Landay and Matt Spetalnick WASHINGTON (Reuters) - Testimony on Wednesday that U.S. Secretary of State Mike Pompeo played a more central role than previously known in President Donald Trump’s Ukraine dealings has fueled uncertainty within the administration about the top diplomat's future. Gordon Sondland, the U.S. ambassador to the European Union and a key figure in the Democratic-led impeachment inquiry against Trump, depicted ..
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Yen rises, yuan falls as U.S.-China trade deal this year looks unlikely
Today, 01:06
By Stanley White TOKYO (Reuters) - The yen rose against the dollar on Thursday after sources close to the White House told Reuters that a U.S.-China trade deal is unlikely this year, which spurred demand for safe-haven assets. The yuan eased toward a two-week low in offshore trade as failure to reach a deal to roll back U.S. tariffs would cause a further slowdown in China's economy and complicate efforts to keep growth on track. Some ..
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Fed holds off on permanent lending tool as policymakers mull details
Today, 01:03
By Matt Scuffham and Jonnelle Marte NEW YORK (Reuters) - The Federal Reserve will hold off deciding whether to introduce a permanent lending facility aimed at staving off the money market ructions seen earlier this fall even as a growing number of policymakers warm to the idea, several sources told Reuters. Concerns ranging from how to fine tune such a facility to whether the temporary solution the Fed installed several weeks ago is sufficient ..
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Google changes election ads policy to limit targeting
Today, 00:30
By Elizabeth Culliford (Reuters) - Alphabet Inc's (O:GOOGL) Google will stop giving advertisers the ability to target election ads using data such as public voter records and general political affiliations, the company said in a blog post on Wednesday. The move comes at a time when social media platforms are under pressure over their handling of political advertising ahead of the U.S. presidential election in 2020. Social media giant ..
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Ukraine officials knew about hold on aid earlier than reported
Today, 00:27
WASHINGTON (Reuters) - A senior U.S. Department of Defense official testified on Wednesday that Ukrainian officials knew President Donald Trump's administration was withholding military assistance in July, undercutting a key Republican defense of the president's actions in the impeachment inquiry. Deputy Assistant Secretary of Defense Laura Cooper testified at a hearing in the impeachment inquiry into Trump that has largely focused on ..
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