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January 24, 2020

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Reuters - Business

Euro near seven-week lows before PMI data release

Reuters
by Reuters00
LONDON (Reuters) – The euro held near seven-week lows on Friday after the European Central Bank struck a more dovish tone at Thursday’s meeting than some had expected. FILE PHOTO: Euro currency bills are pictured at the Croatian National Bank in Zagreb, Croatia, May 21, 2019. REUTERS/Antonio Bronic Investor attention......
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Reuters - Business

Dollar up vs euro as ECB holds rates steady, launches review

Reuters
by Reuters05
NEW YORK (Reuters) – The dollar rose against the euro on Thursday after the European Central Bank held interest rates steady and launched a broad review of its policy that was likely to see new President Christine Lagarde redefine the ECB’s main goal and how to achieve it. FILE PHOTO:......
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Reuters - Business

ECB to launch review that will redefine its mission and tools

Reuters
by Reuters01
FRANKFURT (Reuters) – European Central Bank President Christine Lagarde is set to launch a broad review of its policy on Thursday that is likely to see her redefine the ECB’s main goal and how to achieve it. FILE PHOTO: New European Central Bank (ECB) President Christine Lagarde addresses a news......
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Reuters - Business

Trump threatens big tariffs on car imports from EU if no trade deal struck: CNBC

Reuters
by Reuters03
DAVOS, Switzerland (Reuters) – U.S. President Donald Trump on Wednesday threatened to impose high tariffs on imports of cars from the European Union if the bloc doesn’t agree to a trade deal. U.S. President Donald Trump talks during a bilateral meeting with Iraqi President Barham Salih (not pictured) at the......
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Reuters - Business

Explainer: As Britain decides, Europe grapples with Huawei conundrum

Reuters
by Reuters02
BERLIN (Reuters) – Britain’s impending decision on whether to allow Huawei [HWT.UL] to supply equipment for 5G mobile networks comes at a delicate time, with debate raging in European capitals over the security implications of reliance on Chinese technology. FILE PHOTO: A Huawei company logo at Shenzhen International Airport in......
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Reuters - Business

Risk assets dragged lower by Chinese virus anxiety

Reuters
by Reuters03
NEW YORK (Reuters) – Risk assets took a hit across the globe on Tuesday while the Japanese yen and some developed country bond prices gained as financial markets reacted to mounting concern about a new strain of flu-like virus in China. Traders work on the floor at the New York......
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Reuters - Business

China virus sends chill through markets as risks rise

Reuters
by Reuters01
LONDON (Reuters) – Global stock markets took a hit on Tuesday as mounting concern about a new strain of coronavirus in China sent a ripple of risk aversion through markets. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby......
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Reuters - Business

China virus sends shiver through markets as risks mount

Reuters
by Reuters04
LONDON (Reuters) – Global shares took a beating on Tuesday, wiping out all gains made at the start of the week as mounting concerns about a new strain of coronavirus in China sent a ripple of risk aversion through markets. FILE PHOTO: The London Stock Exchange Group offices are seen......
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Reuters - Business

Embraer studies turboprop to be developed through Boeing venture

Reuters
by Reuters04
DUBLIN (Reuters) – Brazilian planemaker Embraer (EMBR3.SA) is in the advanced stages of studying the launch of a new turboprop aircraft to be developed through a venture it is planning with Boeing, subject to necessary approvals, a top executive said on Monday. FILE PHOTO: Embraer’s commercial aviation chief John Slattery......
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Reuters - Business

Global FDI dips, hit by Hong Kong divestment, Brexit: U.N.

Reuters
by Reuters03
GENEVA (Reuters) – Global direct foreign investment (FDI) dipped slightly around the world last year, hit by massive divestment in Hong Kong and a drop in flows into Britain due to Brexit uncertainty, the United Nations said on Monday. FILE PHOTO: Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound......
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Reuters - Business

Global stocks stay near record highs; focus turns to central banks, earnings

Reuters
by Reuters06
LONDON (Reuters) – World stocks traded just below record highs on Monday, pausing ahead of this week’s central bank meetings, economic data and earnings, while oil prices rose to their highest in over a week after blockades began shutting down two Libyan oilfields. FILE PHOTO: The London Stock Exchange Group......
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Reuters - Business

BBC Director General Hall to step down this year

Reuters
by Reuters05
FILE PHOTO: BBC Director General Tony Hall makes a statement in London, Britain February 25, 2016. REUTERS/Adrian Dennis/pool LONDON (Reuters) – Tony Hall will step down as the director general of the BBC in the summer to make way for a new person who will negotiate the future for the......
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Reuters - Business

Feel good factor keeps world stocks near record highs, oil jumps

Reuters
by Reuters04
LONDON (Reuters) – World stocks held near record highs on Monday as generally better data and earnings bolstered sentiment, while oil prices hit their highest in over a week after two large crude production bases in Libya began shutting down following a blockade. FILE PHOTO: The London Stock Exchange Group......
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Reuters - Business

A thousand EU financial firms plan to open UK offices after Brexit

Reuters
by Reuters02
LONDON (Reuters) – More than a thousand banks, asset managers, payments companies and insurers in the European Union plan to open offices in post-Brexit Britain so they can continue serving UK clients, regulatory consultancy Bovill said on Monday. FILE PHOTO: A person walks through the Canary Wharf financial district of......
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Reuters - Business

EU industry chief dismisses fears strict security rules could delay 5G

Reuters
by Reuters09
PARIS/MUNICH (Reuters) – European industrial policy chief Thierry Breton dismissed claims that relying on European companies to build a 5G network would delay its rollout, weighing in on an increasingly tense debate in Germany over the risk posed by China’s Huawei. FILE PHOTO: A logo of the upcoming mobile standard......
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Reuters - Business

Exclusive: EU industry chief to dismiss fears strict security rules could delay 5G

Reuters
by Reuters013
PARIS (Reuters) – European industrial policy chief Thierry Breton is set to dismiss claims that relying on European companies to build a 5G network would delay its rollout, weighing in on an increasingly tense debate in Germany over the risk posed by China’s Huawei. FILE PHOTO: A logo of the......
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CNBC Business

Khamenei says missile strikes against US troops was a ‘day of God’

CNBC
by CNBC05
CNBC – For more and to sign up click here Iranian Supreme Leader Ayatollah Ali Khamanei makes a speech regarding Trump’s withdrawal decision from Iran nuclear deal during a press conference in Tehran, Iran on May 09, 2018. Iranian Leader’s Press Office | Handout | Anadolu Agency | Getty Images......
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Reuters - Business

Dollar gains, stocks scale fresh highs on data, trade deal

Reuters
by Reuters07
NEW YORK (Reuters) – The dollar rose while key world and stock indexes on Wall Street scaled new records on Thursday as the U.S.-China trade deal, strong corporate earnings and encouraging U.S. economic data lifted equity markets. Oil rose as the long-awaited Phase 1 trade deal brought some relief to......
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Reuters - Business

European firms call for tougher EU approach to China

Reuters
by Reuters014
BRUSSELS (Reuters) – European companies called on European Union policy-makers on Thursday to toughen their approach to China to secure a level playing field for European businesses. BusinessEurope, an organisation grouping business federations from 35 countries, said China was the most restrictive of the EU’s major trading partners — with......
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Reuters - Business

European firms get ‘crumbs’ from China’s Belt and Road: business group

Reuters
by Reuters011
BEIJING (Reuters) – China’s Belt and Road investment scheme, which aims to connect Europe with Asia, is sidelining European companies and Brussels should review its competition law to level the playing field, a business lobby group said on Thursday. FILE PHOTO: Container handlers transport containers at the railway port in......
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