15h00 The pressure is on for
Amazon, Alphabet and Microsoft as they prepare to report
quarterly results at a time when confidence in those market
leaders looks increasingly fragile and in danger of derailing
Wall Street's. . .
13h37 Siemens boss Joe
Kaeser came under pressure from senior German politicians on
Sunday to pull out of an investment conference in Saudi Arabia
next week following Saudi journalist Jamal Khashoggi's death.. . .
13h10 Goldman Sachs Group Inc's
veteran banker Todd Leland will become Asia investment
banking head, a person with knowledge of the matter said on
Sunday, adding to leadership changes at the bank since Chief
Executive Officer. . .
13h06 U.S. Treasury Secretary Steven
Mnuchin said on Sunday it was premature to comment on possible
U.S. sanctions against Saudi Arabia for the death of Saudi
journalist Jamal Khashoggi until an investigation into what
happened had. . .
00h00 Germany's Finance Minister Olaf
Scholz has proposed a global minimum rate of corporation tax
coupled with tougher measures to prevent tax evaders from
stashing their profits in tax havens, newspaper Welt am Sonntag
reported.. . .
software maker CrowdStrike Inc has hired investment bank Goldman
Sachs Group to prepare for an initial public offering
that could come in the first half of next year, people familiar
with the matter said. . .
Donald Trump on Friday threw his support behind speeding up
water projects for agriculture and hydropower in the arid U.S.
West, a move aimed to help build support for Republicans in
tight congressional races. . .
19/10 Lotto fever was running high on Friday as
the U.S. Mega Millions lottery jackpot soared to a record $1
billion, hours before the drawing for what is also the
second-largest lottery prize in U.S.. . .
19/10 The U.S. benchmark S&P 500
stock index edged lower on Friday as strong earnings from
Procter & Gamble Co were offset by ongoing concerns about
rising interest rates and tensions over trade policy denting
economic. . .
19/10 U.S. soybean futures fell to a
one-week low on Friday and recorded a second straight weekly
decline, pressured by fresh cancellations of U.S. soybean sales,
Corn futures fell for. . .
19/10 U.S. Treasury yields rose on
Friday, with the 10-year yield hovering near a one-week high as
traders pared safe-haven bond positions stemming from hopes for
reduced tension between Italy and the European Commission over
the. . .
19/10 U.S. Federal Reserve
officials are monitoring the case of missing Saudi journalist
Jamal Khashoggi and the possibility that any sanctions against
Saudi Arabia could disrupt oil markets, Atlanta Fed President
Raphael Bostic said on Friday.. . .
19/10 Cambodia failed on Friday to
allay criticisms of authoritarianism and rights abuses that
threaten the country's duty-free trading access to the European
Union, the EU's top diplomat said after talks with its premier.. . .
19/10 Canada's finance ministry on Friday
released final figures for the 2017/18 fiscal year and said the
budget deficit was slightly smaller than initially forecast,
while the debt-to-GDP ratio had edged up.. . .
19/10 Custodian bank State Street Corp
said on Friday it expects fourth-quarter servicing fee revenue -
its main earnings driver - to remain flat compared with the
third quarter, sending its shares down 10 percent.. . .
19/10 Schlumberger NV, the world's
largest oilfield services provider, reported a slight profit
beat on Friday but cautioned that North American growth would
slow due to transportation bottlenecks and hurt results next
quarter.. . .
19/10 Disputes over U.S. tariffs and
retaliatory moves by other states have sparked 12 requests for
adjudication at the World Trade Organization, signalling an
escalation in global trade tensions.. . .
19/10 German Finance Minister Olaf
Scholz is working with international counterparts on a global
minimum corporate tax, a ministry spokesman said on Friday, as
governments look to prevent companies from shopping around for
tax havens.. . .
19/10 German exports to Iran have
dwindled since the United States pulled out of the international
nuclear deal with Tehran, data showed on Friday, despite
Berlin's attempts to shield companies from renewed U.S.
sanctions against Tehran.. . .
19/10 Wroclaw's hulking
Soviet-era public dormitories held little appeal for Odysseas
Savvas when he moved to the Polish city from Greece to study
business at university. Instead, he opted for his own room and
bathroom in. . .
19/10 China's economic growth cooled
to its weakest quarterly pace since the global financial crisis,
with regulators moving quickly to calm nervous investors as a
years-long campaign to tackle debt risks and the trade. . .
19/10 Melco Resorts &
Entertainment Ltd on Friday postponed a tender offer
for its Philippine casino subsidiary for a second time and
withdrew its application to delist the unit, amid minority
shareholder opposition to the proposed. . .
19/10 German Chancellor Angela Merkel
said on Friday that an Asia-Europe summit in Brussels showed
that some two-thirds of the world was committed to
multilateralism and recognised the benefits of free trade.. . .
19/10 Strong e-commerce
demand is fuelling Asia's air freight market, with the
U.S.-China trade war having minimal negative impact so far and
in some cases even boosting shipments, industry executives said
on Friday.. . .
19/10 The United States is
requesting that a World Trade Organization dispute resolution
panel get involved in a clash over international retaliation
over U.S. tariffs on steel and aluminium, according to a U.S.
official familiar with. . .
19/10 DowDuPont Inc said on Thursday
it would write down the value of its agriculture business by
$4.6 billion when it reports third-quarter results, as global
seed makers face shifts in demand linked to the. . .
19/10 U.S. trade policy towards
China over the next few years will become more confrontational,
according to a majority of economists in a Reuters poll who
remain convinced U.S. growth has peaked and will slow
substantially. . .
19/10 Investors slammed U.S.-based stock funds
during the latest week, pulling $17.5 billion, the most cash
from such investments since June, according to Lipper data on
The withdrawals came during a. . .
19/10 A group of companies and
individuals have agreed to pay $3 million in reparations to the
United Nations Refugee Agency to settle allegations by Mexico of
overcharging for basic food-aid packages distributed by the
Venezuelan. . .
19/10 China has filed a request with
the World Trade Organisation to establish an expert group to
determine the legality of tariffs imposed by the United States
on imports of steel and aluminium, the Ministry. . .
18/10 Goldman Sachs Group Inc on
Thursday joined the growing list of high-profile businesses
snubbing a Saudi investment conference next week amid mounting
pressure on Riyad over the disappearance of journalist Jamal
Khashoggi.. . .
18/10 DowDuPont Inc said it will
record a $4.6 billion impairment charge related to goodwill and
other assets of its agriculture reporting unit, sending its
shares down 6 percent in extended trading on Thursday.. . .
18/10 American Express Co topped Wall
Street estimates for third-quarter profit on Thursday and lifted
its yearly earnings forecast, as a strengthening U.S. economy
powered higher credit card spending.. . .
18/10 U.S. stocks fell more than 1
percent on Thursday as the European Commission issued a warning
regarding Italy's budget and concerns mounted over the
possibility of strained relations between the United States and
Saudi Arabia,. . .
18/10 Goldman Sachs economists on
Thursday said the firm remained "comfortable" with its call for
five more interest rate hikes — two more than priced in
financial markets — through the end of 2019.. . .
18/10 U.S. Treasury yields slipped on
Thursday as safe-haven demand fueled by more losses on Wall
Street mitigated selling tied to worries about further interest
rate increases from the Federal Reserve.
Jitters. . .
18/10 Swedish builder Skanska said on
Thursday it booked charges of 1.3 billion crowns ($143.81
million) in the third quarter relating to construction projects
in the United States and its exit from the power sector. . .
18/10 Textron Inc posted a
lower-than-expected quarterly profit on Thursday due to
lingering problems at its industrial products unit that houses
its recently acquired Arctic Cat all-terrain vehicle business,
sending its shares down 11 percent.. . .
18/10 Campbell Soup Co interim
Chief Executive Keith McLoughlin does not believe that there are
any concessions to be made in an ongoing proxy fight with hedge
fund Third Point LLC, he told Reuters on. . .
18/10 The Federal Reserve should
continue with its gradual rate hikes but must be prepared to
slow the tightening if U.S. productivity breaks out of a
several-year lull, as it may be poised to do,. . .
18/10 Nucor Corp posted a quarterly
profit short of analysts' forecasts on Thursday and investor
concerns that the U.S. steel market may be grappling with
oversupply, undermining President Donald Trump's tariffs on
imported steel, sent the. . .
18/10 The European Union sought Asian
support for free trade, the Iran nuclear deal and fighting
global warming at a regional summit on Thursday that included
China, Japan and Russia as a counterbalance to a. . .
18/10 Less than a month before the
U.S. congressional elections, data suggests equity options
traders do not view the election as a big catalyst for setting
the direction of U.S. stock market in the immediate. . .
18/10 The Federal Reserve's
current monetary policy path would raise the risks of recession
in an economy where recent, unexpectedly strong growth may start
to taper anyway, St. Louis Fed President James Bullard said on
Thursday.. . .
18/10 Travelers Corp is girding for
"significant" losses from Hurricane Michael, which caused
destruction in Florida and six other U.S. states this month,
Chief Financial Officer Daniel Frey said on Thursday.. . .
18/10 Rising U.S. crude oil exports to
Europe and Asia have had a knock-on effect in the futures
market, turning the U.S. West Texas Intermediate contract into a
near-24 hour benchmark, exchange operator CME Group. . .
18/10 New applications for U.S.
unemployment benefits dropped last week and the number of
Americans on jobless rolls fell back to levels last seen in
1973, suggesting a further tightening in labor market
conditions.. . .
18/10 U.S. sanctions against Iran and a
slide in Turkey's currency are contributing to an uncertain
short-term outlook for seed maker Vilmorin as it seeks to
recover from a disappointing past year, the French company. . .
18/10 The Federal Reserve's
current monetary policy outlook would move interest rates "quite
a way" into restrictive territory, slowing the economy and
raising the risk of recession, St. Louis Fed President James
Bullard said on Thursday.. . .
18/10 U.S. President Donald
Trump has appointed "standard, traditional" central bankers to
the Federal Reserve despite being harshly critical of its
monetary policy, St. Louis Fed President James Bullard said on
Thursday.. . .
18/10 ABB is
exploring a sale of its Power Grids business, people familiar
with the matter told Reuters, representing a U-turn by Chief
Executive Ulrich Spiesshofer who defied activist shareholders to
keep the unit two years. . .
18/10 It's probably not
the kind of success U.S. President Donald Trump had in mind, but
his trade dispute with China has effectively killed off the
burgeoning energy trade between the world's two biggest
economies.. . .
18/10 Saudi Arabia and Kuwait
will struggle to resume oil production from jointly operated
fields any time soon due to operational differences and souring
political ties between the previously close Gulf OPEC allies,
sources familiar with. . .
18/10 Mexico's Grupo Financiero
Mifel has postponed an initial public offering the bank had
hoped to close on Wednesday, according to its announcement to
the stock market, a decision first reported by Reuters.. . .
18/10 Earlier this year,
the world's two biggest lithium producers publicly celebrated
new deals with Chile's government that will allow them to vastly
increase output of the ultralight battery metal from the
Atacama, the world's driest. . .
18/10 Exxon Mobil Corp
has signed a framework agreement to supply liquefied natural gas
to Zhejiang Provincial Energy Group, a senior executive said on
Thursday, marking Zhejiang Energy's first long-term supply deal.
The company said in. . .
18/10 State-run Polish gas firm PGNiG
has agreed to buy Equinor's 42.38 percent
stake in the Tommeliten Alpha gas and condensate field in Norway
for $220 million, as part of its plan to diversify supplies,
PGNiG. . .
18/10 Many Japanese companies have
avoided a direct hit from escalating trade frictions so far, but
they increasingly worry their business will be impacted, central
bank officials said on Thursday.. . .
18/10 If Democrats win control of
the U.S. House of Representatives or Senate next month, nearly
every aspect of Donald Trump's presidency could face swift
examination – from his long-elusive tax returns to possible
business ties. . .
18/10 The U.S. Congress could
request President Donald Trump's tax returns under a seldom-used
1924 law, which Democrats say they plan to invoke promptly if
they win control of the House of Representatives or the. . .
18/10 Novartis is paying $2.1
billion for nuclear medicine specialist Endocyte in
Chief Executive Vas Narasimhan's latest deal to reshape the
Swiss drugs group from a pillmaker to a producer of
sophisticated therapies.. . .
18/10 Industrial gases group Praxair
and Linde are set to win U.S. antitrust
approval for their planned $86 billion merger, clearing the last
major hurdle for the deal, German monthly Manager Magazin
reported.. . .
18/10 Tens of thousands of South Korean
taxi-drivers held a rally on Thursday in Seoul, the capital,
saying a carpooling service planned by the operator of the
country's top chat app would threaten their livelihoods. . .
18/10 Sales of industrial robots in
China, the world's biggest market, will grow this year at only
about a third of last year as an escalating Sino-U.S. trade war
hits spending on equipment, a global. . .
18/10 Private equity giant Blackstone
Group has quit a takeover battle for Australian
office-block owner Investa Office Fund after it was
gazumped by Canadian landlord Oxford Properties Group's A$3.35
billion ($2.4 billion) bid.. . .
18/10 Mobile telecom equipment maker
Ericsson beat third-quarter operating profit
forecasts on Thursday, boosted by sales of next-generation 5G
gear in North America, and said it was making solid progress
towards its long-term financial goals.. . .
18/10 German software company SAP
reported a 41 percent jump in cloud revenues in the
third quarter as its business transformation gathers pace,
enabling management to raise guidance for revenues and profits
this year.. . .
18/10 Broadcaster Central European
Media Enterprises (CME) reported a 34 percent
rise in third-quarter core profit, beating expectations in a
typically weaker period as advertising revenues maintained
strong growth.. . .
18/10 Turkey's top refiner, Tupras,
is in talks with U.S. officials to obtain a waiver allowing it
to keep buying Iranian oil after Washington reinstates sanctions
on the Islamic Republic's energy sector in November, industry
sources. . .
18/10 U.S. footwear and apparel company Nine
West Holdings Inc filed an amended Chapter 11 bankruptcy plan
that will reduce its pre-bankruptcy debt obligations by more
than $1 billion, the company said on Wednesday.. . .
18/10 Japan's exports fell in September
for the first time since 2016 as shipments to the United States
and China declined, likely impeding third quarter economic
growth and adding to concerns about the broadening impact. . .
18/10 The Senate Commerce
Committee's Republican chairman and ranking Democrat said on
Wednesday they had asked top U.S. executives at Hyundai Motor Co
and Kia Motors Corp to testify at a Nov.
14 hearing on reports. . .
18/10 The story headlined 'China's Zhoushan
city woos Exxon Mobil for a $7 bln ethylene plant' is withdrawn.
The provincial government has withdrawn its original statement
issued on Wednesday because it was not factually correct,. . .
18/10 Republicans could try again
to repeal Obamacare if they win enough seats in U.S. elections
next month, Senate Republican Leader Mitch McConnell said on
Wednesday, calling a failed 2017 push to repeal the healthcare
law. . .
18/10 The Chilean government said on
Wednesday it would seek international arbitration over what it
alleged was the failure of lithium miner Albemarle Corp
to adhere to the terms of a contract drawn up in. . .
18/10 China's economy faces increasing
downward pressure, and the government will take targeted
measures to prevent large fluctuations in growth, Premier Li
Keqiang said while on a trip to Europe.. . .
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