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Reuters - Business

‘Moving right along’? Shares nudge up after Trump trade talk

Reuters
LONDON (Reuters) – World shares ticked up on Friday, buoyed by comments from U.S. President Donald Trump that talks aimed at dialling down the damaging trade war with China were “moving right along”. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December...
Reuters - Business

Chinese defy Hong Kong’s protest gloom in hunt for bargain stocks

Reuters
SHANGHAI (Reuters) – Chinese investors more than doubled their Hong Kong stocks purchases this year, braving market headwinds from violent street protests and the protracted Sino-U.S. trade war, which have battered the Asian financial hub’s economy. FILE PHOTO: The name of Hong Kong Exchanges and Clearing Limited is displayed at...
Reuters - Business

Asian shares gain as Trump fuels trade deal optimism, oil firm on OPEC+ output cut

Reuters
SYDNEY/TOKYO (Reuters) – Asian stocks gained on Friday as investors took heart from U.S. President Donald Trump saying trade talks with China were “moving right along”, and U.S. oil prices sat near 2-1/2-month highs after OPEC and other producers agreed to cut output. FILE PHOTO: An investor looks at an...
Reuters - Business

Asian shares firm, oil near two-month high after deeper output cut

Reuters
TOKYO (Reuters) – Asian stocks held firm on Friday as U.S. President Donald Trump’s rhetoric kept investors’ hopes up on a trade deal with China, while oil sat near two-month highs after producers led by Saudi Arabia and Russia agreed on further output cuts. FILE PHOTO: An investor looks at...
Reuters - Business

Facebook sues ILikeAd, alleges ad fraud

Reuters
(Reuters) – Facebook Inc on Thursday sued a Hong Kong company that it said baited people into clicking on celebrities’ photos and bogus advertising links, so it could install malware and run ads for counterfeit goods, diet pills and male enhancement supplements. FILE PHOTO: Facebook logos are seen on a...
Reuters - Business

Tiffany profit falls short on weak demand in Americas, Hong Kong

Reuters
(Reuters) – Luxury jeweler Tiffany & Co (TIF.N), which is being bought by Louis Vuitton owner LVMH (LVMH.PA), missed market expectations for quarterly profit and sales on Thursday, hit by lower spending by foreign tourists in the United States and Hong Kong. The jeweler has been struggling to lure price-conscious...
Reuters - Business

Stocks keep the faith, sterling gallops higher

Reuters
LONDON (Reuters) – Stocks gained amid trade war headlines on Thursday, while sterling rose to its highest in more than two years against the euro on hopes next week’s UK election will lead to a smooth Brexit. FILE PHOTO: Employees of the Tokyo Stock Exchange (TSE) work at the bourse...
Reuters - Business

Asian stocks climb as trade deal hopes flicker among Trump’s mixed signals

Reuters
TOKYO/HONG KONG (Reuters) – Stock markets in Asia inched up on Thursday on the possibility that China and the United States may soon seal a “phase one” deal to end their 17-month trade war, but conflicting messages from U.S. President Donald Trump kept a lid on the advance. FILE PHOTO:...
Reuters - Business

Asian stocks inch up on trade outlook but markets remain wary

Reuters
TOKYO (Reuters) – Asian stocks edged up on Thursday on signs the United States and China were on track for a preliminary trade deal, though optimism was tempered by the almost daily shifts in prospects for defusing the damaging tariff war now in its second year. FILE PHOTO: Employees of...
Reuters - Business

BMW sues air conditioning suppliers over price fixing

Reuters
FILE PHOTO: BMW i8 is displayed at the LA Auto Show in Los Angeles, California, U.S., November 20, 2019. REUTERS/Lucy Nicholson BERLIN (Reuters) – BMW is suing two of its suppliers over price fixing on air conditioning components, the German carmaker said on Wednesday. The case was first reported in...
Reuters - Business

Trump says trade talks with China going ‘very well’

Reuters
U.S. President Donald Trump attends the NATO leaders summit in Watford, Britain December 4, 2019. REUTERS/Toby Melville WATFORD, England (Reuters) – U.S. President Donald Trump said on Wednesday that trade talks with China were going “very well,” sounding more positive than on Tuesday when he said a trade deal might...
Reuters - Business

Stocks jolted by Trump’s threat of longer, broader trade war

Reuters
SINGAPORE (Reuters) – Asian shares extended losses on Wednesday after U.S. President Donald Trump said a trade deal with China might have to wait until after the 2020 presidential election, dashing hopes for a quick preliminary agreement. FILE PHOTO: People pass a stock board showing stocks in red outside the...
CNBC Business

These are investment opportunities in Asia that Credit Suisse and UBS are bullish on in 2020

CNBC
Credit Suisse and UBS singled out some investment picks or sectors they are optimistic on for 2020. Source link: Click here for more
Reuters - Business

China’s Postal Savings Bank says some retail investors opt out of mainland listing

Reuters
FILE PHOTO: A man walks out of a Postal Savings Bank of China branch in Beijing April 23, 2015. REUTERS/Kim Kyung-Hoon//File Photo BEIJING (Reuters) – Postal Savings Bank of China (1658.HK) said investors had opted out of paying for 3% of shares on offer in its Shanghai listing – a...
Reuters - Business

Shares slide as Trump raises spectre of longer, wider trade war

Reuters
SINGAPORE (Reuters) – Asian shares extended their losses on Wednesday after U.S. President Donald Trump said a trade deal with China might have to wait until after the 2020 presidential election, dashing hopes for a quick preliminary agreement. FILE PHOTO: People pass a stock board showing stocks in red outside...
Reuters - Business

U.S. judge disqualifies Huawei lawyer from fraud, sanctions case

Reuters
(Reuters) – A U.S. judge on Tuesday disqualified James Cole, a Washington lawyer for China’s Huawei, from defending the telecommunications equipment maker against charges of bank fraud and sanctions violations. FILE PHOTO: The Huawei logo is pictured at the IFA consumer tech fair in Berlin, Germany, September 5, 2019. REUTERS/Hannibal...
Reuters - Business

Asian shares slide as Trump raises specter of longer trade war

Reuters
SINGAPORE (Reuters) – Asian shares extended their losses on Wednesday after U.S. President Donald Trump said a trade deal with China might have to wait until after the 2020 presidential election, dashing market hopes for a quick preliminary agreement. FILE PHOTO: People pass a stock board showing stocks in red...
Reuters - Business

Xiaomi, Oppo to use Qualcomm’s newest mobile phone chips

Reuters
FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London, Britain, November 8, 2018. REUTERS/Toby Melville (Reuters) – Two fast-growing Chinese phone brands said on Tuesday that they will adopt Qualcomm Inc’s (QCOM.O) newest 5G chip in their flagship devices early next year....
Reuters - Business

European shares whacked lower as Trump says China trade deal may come only after Nov 2020 election

Reuters
LONDON (Reuters) – European shares fell back into the red on Tuesday, abandoning earlier efforts to claw their way back from three days of falls, as U.S. President Donald Trump said a trade deal with China might be delayed until after November 2020 elections. FILE PHOTO: The German share price...

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