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 ..
Read more

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 ..
Read more

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 ..
Read more

ECB’s Guindos Says Bond Purchases Won’t Hit Limits in Short Term
Yesterday, 16:09
(Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify (NYSE:SPOT) or Pocket Cast. The European Central Bank doesn’t face any immediate risk of hitting the limits of its quantitative-easing program, Vice President Luis de Guindos said, signaling that loose monetary policy is largely on autopilot for a while to come despite mounting negative side effects. ..
Read more

Nafta Rewrite Runs Into Trouble as Mexican Reform Comes Up Short
Yesterday, 16:06
(Bloomberg) -- It was a historic moment for Mexico: the first time workers were given the right to vote on a labor contract negotiated by their union under a new law. The vote, held one early September afternoon at a factory owned by cement giant Cemex, was also meant to signal to Democratic Party officials in the U.S. -- and to the labor leaders who support them -- that Mexico was making good on promises to strengthen union representation rules ..
Read more

Forex - U.S. Dollar Flat as Tensions With China Rise Over Hong Kong
Yesterday, 16:03 - The U.S. dollar was flat on Wednesday ahead of the expected release of the Federal Reserve meeting minutes and as tensions between Washington and Beijing rose. China took offense to the U.S. Senate passing legislation that backed Hong Kong protesters and would ban the export of items like tear gas and rubber bullets to the city's police force, as conflict between the two sides escalated this week. The news added to jitters ..
Read more

Stocks - Wall Street Tumbles as Trade Tensions Escalate 
Yesterday, 15:24 – Wall Street fell on Wednesday as tensions between the U.S. and China put a damper on any hope of a trade breakthrough between the two. The Dow was down 49 points, or 0.2%, by 9:37 AM ET (13:37 GMT), while the S&P 500 inched down 4 points, or 0.1%, and the Nasdaq composite slumped 18 points, or 0.2%. Tensions were exasperated by the U.S. Senate passing legislation backing Hong Kong protesters that would ban the export of ..
Read more

Chinese airlines turn to Asia as long-haul losses pile up
Yesterday, 15:21
By Rachit Vats and Stella Qiu BENGALURU/BEIJING - Chinese airlines are adding seats on short- and mid-range Asian flights in a strategic shift away from prestigious but loss-making North American routes to a market that promises better returns and growth. Over the past decade, the number of seats on U.S. routes operated by China's top three state-owned carriers rose fourfold, but such breakneck expansion came at a price. The nation's ..
Read more

PSA's small car platforms should be favored in FCA merger: executive
Yesterday, 15:18
MILAN (Reuters) - Small car platforms developed by France's Peugeot should be favored if plans to merge PSA (PA:PEUP) and FiatChrysler (MI:FCHA) go ahead, PSA executive Gaetano Thorel told Reuters on Wednesday. Managers on both sides are finalizing discussions to try and create the world's fourth-largest carmaker, a move that will result in choices being made about which technologies to adopt in the merged entity. “On smaller segments ..
Read more

U.S. Ambassador Sondland says he followed Trump's orders on Ukraine
Yesterday, 15:15
WASHINGTON (Reuters) - U.S. envoy Gordon Sondland told lawmakers on Wednesday that President Donald Trump ordered him to work with Trump's personal attorney Rudy Giuliani on Ukraine matters, and that Secretary of State Mike Pompeo was aware and "fully supportive" of their efforts. Sondland, the U.S. Ambassador to the European Union, said Giuliani's efforts to push Ukrainian President Volodymyr Zelenskiy to investigate Trump's ..
Read more

Latest News

Apple, Intel file antitrust case against SoftBank-backed firm over patent practices
Today, 03:09
SAN FRANCISCO (Reuters) - Apple Inc (NASDAQ:AAPL) and Intel Corp (NASDAQ:INTC) on Wednesday filed an antitrust lawsuit against Softbank Group Corp-owned Fortress Investment Group, alleging the firm stockpiled patents to hold up technology companies with lawsuits. The suit follows an earlier case filed by Intel against Fortress in October. Intel withdrew that suit and on Wednesday filed a new version in the U.S. District Court for the Northern ..
Read more

Factbox: How social media services handle political ads
Today, 03:06
By Elizabeth Culliford SAN FRANCISCO (Reuters) - Online platforms including Facebook (NASDAQ:FB) and Alphabet (NASDAQ:GOOGL) Inc's Google face growing pressure to stop carrying political ads that contain false or misleading claims ahead of the U.S. presidential election. In the United States, the Communications Act prevents broadcast stations from rejecting or censoring ads from candidates for federal office once they have accepted ..
Read more

Mexicans sue Walmart over Texas shooting that left victims on both sides of border
Today, 03:03
MEXICO CITY (Reuters) - Ten Mexican citizens have sued Walmart (NYSE:WMT) over the shooting at a store in the U.S. border town of El Paso, Texas, that killed eight Mexicans and left eight more injured, saying that Walmart did not do enough to protect its customers, Mexico said on Wednesday. The suspected gunman told police he was targeting "Mexicans" in the August shooting, which killed 22 people in total. Mexico's Foreign ..
Read more

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 ..
Read more

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 ..
Read more

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 ..
Read more

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 ..
Read more

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 ..
Read more

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 ..
Read more

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 ..
Read more
" template="news2" category="16" available="global" from="0" limit="5" order="date" sort="desc" cache="no"}