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October 22, 2019

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Reuters - Business

European stocks inch up on earnings, sterling hovers before Brexit votes

Reuters
by Reuters00
LONDON (Reuters) – European shares eked out small gains on Tuesday as talk of progress in China-U.S. trade talks was offset by mixed corporate earnings, while sterling held below $1.30 ahead of another crucial Brexit vote. FILE PHOTO: Financial traders work at their desks at CMC Markets in the City...
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Trade tensions, jibes at U.S. overshadow Chinese cyber conference

Reuters
by Reuters01
WUZHEN, China (Reuters) – At one of the world’s showpiece tech conferences in China, jibes at the United States for its ‘bully behavior’ lent a Cold War tone to proceedings as trade tension once again reared its ugly head in an event that drew a dearth of top U.S. executives....
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Earnings weigh on European stocks, sterling lower before Brexit votes

Reuters
by Reuters01
LONDON (Reuters) – European shares edged lower on Tuesday as talk of progress in China-U.S. trade talks was offset by mixed corporate earnings, while sterling retreated ahead of another vote on Brexit. FILE PHOTO: Financial traders work at their desks at CMC Markets in the City of London, Britain, April...
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China will keep door open to foreign investment, global industry despite trade tensions

Reuters
by Reuters01
BEIJING (Reuters) – China will take steps to safeguard its interests, but won’t close its door to foreign investment and the global industry despite trade frictions with the United States, a Chinese official said on Tuesday. FILE PHOTO: Chinese staffers adjust U.S. and Chinese flags at the Diaoyutai State Guesthouse...
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Walmart chief seeks stable business environment from India’s Modi: ET

Reuters
by Reuters01
FILE PHOTO: The Wal-Mart company logo is seen outside a Wal-Mart Stores Inc company distribution center in Bentonville, Arkansas June 6, 2013. REUTERS/Rick Wilking MUMBAI (Reuters) – Walmart Inc’s (WMT.N) chief executive has written to Prime Minister Narendra Modi seeking certainty and predictability in India’s business environment, the Economic Times...
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Chinese vice foreign minister says progress made in trade talks with U.S

Reuters
by Reuters01
BEIJING (Reuters) – China and the United States have achieved some progress in their trade talks, Vice Foreign Minister Le Yucheng said on Tuesday, and any problem could be resolved as long as both sides respected each other. China’s Vice Foreign Minister Le Yucheng speaks at the Xiangshan Forum in...
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Asia tries to see light in trade talks, Brexit votes

Reuters
by Reuters02
SYDNEY (Reuters) – Asian share markets edged ahead on Tuesday amid cheery chatter about the chance of a Sino-U.S. trade deal, while investors were sanguine yet another vote on Brexit would still avert a hard exit. FILE PHOTO: An investor sits in front of an electronic board showing stock information...
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South Africa’s Eskom takes Deloitte to court alleging improper contracts

Reuters
by Reuters00
JOHANNESBURG (Reuters) – South Africa’s cash-strapped state power firm Eskom said on Monday it had filed court papers in a bid to recover 207 million rand ($14 million) in connection with contracts it alleged were improperly awarded to Deloitte Consulting in 2016. FILE PHOTO: Men walk past electricity pylons as...
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Global tocks climb on hopes for progress in trade; Canadian dollar gains

Reuters
by Reuters01
NEW YORK (Reuters) – World stock indexes rose on Monday as signs of work to resolve the U.S.-China trade war bolstered investor hopes, while the Canadian dollar strengthened in the hours before results of the election for prime minister. FILE PHOTO: Traders work on the floor at the New York...
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Reuters - Business

Global stocks gain on hopes for progress in trade war and Brexit

Reuters
by Reuters01
LONDON (Reuters) – World shares nudged higher on Monday, as hopes for progress towards resolving the U.S.-China trade war and a belief that Britain will avoid a disorderly exit from the European Union gave cause for riskier bets. FILE PHOTO: A trader works as screens show market data at CMC...
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Reuters - Business

Gojek CEO quits to join Indonesian cabinet, replacements named

Reuters
by Reuters01
JAKARTA (Reuters) – Gojek CEO and co-founder Nadiem Makarim said on Monday he had resigned to join Indonesia’s cabinet, and the ride-hailing and payments company said two senior officials would jointly take over running operations of the $10 billion firm. Nadiem Makarim, founder of the Indonesian ride-hailing and online payment...
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Reuters - Business

Asian shares tick up, pound skids on Brexit tumult

Reuters
by Reuters01
TOKYO (Reuters) – Asian stocks edged up on Monday as Chinese shares reversed early losses, supported by hopes for progress in resolving the U.S.-China trade war, while sterling slipped after the British parliament delayed a crucial vote on a Brexit withdrawal deal. FILE PHOTO: A visitor wearing a mask is...
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Reuters - Business

Asian shares edge higher, pound stumbles on Brexit drama

Reuters
by Reuters03
TOKYO (Reuters) – Asian stocks edged higher on Monday as Chinese shares reversed early losses due to hopes for progress in resolving the U.S.-China trade war and expectations for greater investment inflows into Hong Kong. FILE PHOTO: A visitor wearing a mask is seen behind a logo of Japan Stock...
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Reuters - Business

Asian share markets cautious, pound stumbles on Brexit drama

Reuters
by Reuters06
TOKYO (Reuters) – Asian stocks were steady in a cautious start to the week on Monday, while the British pound fell following a delay to a crucial vote on Britain’s divorce from the European Union. FILE PHOTO: A visitor wearing a mask is seen behind a logo of Japan Stock...
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Reuters - Business

Long-haul, fuel efficient jets underpin demand at Las Vegas air show

Reuters
by Reuters03
LAS VEGAS (Reuters) – New large corporate planes that can fly farther and an industry push toward sustainable aviation fuels are seen as bright spots as the world’s biggest business jet makers assemble in Las Vegas to showcase their offerings at the sector’s largest gathering. FILE PHOTO: Bombardier employee Francis...
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China’s Xiaomi says plans to launch more than 10 5G phones next year

Reuters
by Reuters03
Xiaomi founder and CEO Lei Jun attends a launch ceremony of the new flagship phone Xiaomi Mi 9 in Beijing, China February 20, 2019. REUTERS/Jason Lee WUZHEN, China (Reuters) – Chinese smartphone maker Xiaomi Corp plans to launch more than 10 5G phones in 2020, CEO Lei Jun said on...
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Turkey says nothing will come of Halkbank case if law in U.S. works

Reuters
by Reuters09
People walk past by a branch of Halkbank in central Istanbul, Turkey, October 16, 2019. REUTERS/Huseyin Aldemir ANKARA (Reuters) – Nothing will come of a case against Turkey’s state-owned lender Halkbank “if the law in the United States works”, Turkish Foreign Minister Mevlut Cavusoglu said on Sunday, adding that the...
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China’s indebted HNA group names chairman’s son as president: Caixin

Reuters
by Reuters02
A HNA Group logo is seen on the building of HNA Plaza in Beijing, China February 9, 2018. REUTERS/Jason Lee SHANGHAI (Reuters) – China’s indebted HNA Group has appointed its chairman’s son as president as part of business restructuring at the finance-to-aviation conglomerate, Chinese financial magazine Caixin reported on its...
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Reuters - Business

China says will work with the U.S. to address each other’s core concerns

Reuters
by Reuters00
NANCHANG, China (Reuters) – Chinese Vice Premier Liu He said on Saturday that China will work with the United States to address each other’s core concerns on the basis of equality and mutual respect, and that stopping the trade war would be good for both sides and the world. FILE...
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Reuters - Business

Dollar weakens on Brexit, shares sapped by weaker China growth

Reuters
by Reuters04
NEW YORK (Reuters) – The dollar posted its worst week in almost four months on Friday, pummeled by sterling and euro rallies driven by a deal on Britain’s departure from the European Union, while China’s weakest growth in nearly three decades weighed on equities. The dollar crept lower against the...
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