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January 17, 2020
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Reuters - Business

Wall Street strikes new high as housing data fuels optimism

Reuters
(Reuters) – Wall Street edged up to record highs on Friday after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S.,......
Reuters - Business

Boeing addresses new 737 MAX software issue that could keep plane grounded longer

Reuters
FILE PHOTO: A Boeing 737 Max aircraft is seen parked in a storage area at the company’s production facility in Renton, Washington, U.S. January 10, 2020. REUTERS/Lindsey Wasson WASHINGTON (Reuters) – Boeing Co (BA.N) said on Friday it is addressing a new software issue discovered in Iowa last weekend during......
Reuters - Business

Boeing says it is addressing new 737 MAX software issue discovered in technical review

Reuters
FILE PHOTO: A Boeing 737 Max aircraft is seen parked in a storage area at the company’s production facility in Renton, Washington, U.S. January 10, 2020. REUTERS/Lindsey Wasson WASHINGTON (Reuters) – Boeing Co (BA.N) said on Friday it is addressing a new software issue discovered during a technical review of......
Reuters - Business

U.S. housing starts at 13-year high in December; permits ease

Reuters
WASHINGTON (Reuters) – U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid low mortgage rates, and could help support the longest economic expansion on record. FILE PHOTO: A new apartment building housing construction site......
Reuters - Business

U.S. will look at sudden acceleration complaints involving 500,000 Tesla vehicles

Reuters
WASHINGTON (Reuters) – The National Highway Traffic Safety Administration (NHTSA) said Friday it will review a petition asking the agency to formally investigate 500,000 Tesla Inc vehicles over sudden unintended acceleration reports. FILE PHOTO: A Tesla Model S steering wheel is on display at the Canadian International AutoShow in Toronto,......
Reuters - Business

Wall Street opens at record high on strong data, earnings

Reuters
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 9, 2020. REUTERS/Brendan McDermid (Reuters) – U.S. stock indexes marched to new highs at open on Friday, driven by optimism over corporate earnings, upbeat economic data and indications of resilience in......
Reuters - Business

World shares gain as China data fuels bets on growth

Reuters
LONDON (Reuters) – World shares rose to record highs on Friday, buoyed by Chinese growth figures that suggested the world’s second-biggest economy was stabilizing. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Riskier assets were in demand......
Reuters - Business

Exclusive: Sinopec to review potential $16 billion U.S. gas deal with Cheniere – sources

Reuters
SINGAPORE (Reuters) – China’s Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas (LNG), is planning to review terms of a potential $16 billion supply deal with Cheniere Energy after a sharp drop in LNG prices, industry officials said. FILE PHOTO: A man stands next......
Reuters - Business

Exclusive: China’s Ant aims for $200 billion price tag in private share sales – sources

Reuters
HONG KONG/BEIJING (Reuters) – Ant Financial [ANTFIN.UL] shares are being offered privately at levels which value the Chinese financial giant at $200 billion, two people with knowledge of the discussions said, lifting it up the ranks of the most valuable unlisted companies. FILE PHOTO: Employees are seen at the reception......
Reuters - Business

HSBC cutting around 100 staff in equities business: sources

Reuters
FILE PHOTO: People walk past a HSBC signage in Singapore October 8 2019. REUTERS/Feline Lim HONG KONG/LONDON (Reuters) – HSBC (HSBA.L) is cutting around 100 roles in its equities business with the bulk of the layoffs falling on its continental European trading floors, sources familiar with the matter told Reuters.......
Reuters - Business

World shares up as China data fuels bets on growth

Reuters
LONDON/SHANGHAI (Reuters) – World shares rose to record highs on Friday, buoyed by Chinese data that suggested the world’s second-biggest economy was stabilizing. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Riskier assets were in demand worldwide......
Reuters - Business

China posts weakest growth in 29 years as trade war bites, but ends 2019 on better note

Reuters
BEIJING (Reuters) – China’s economic growth cooled to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States, and more stimulus is expected this year as Beijing tries to boost sluggish investment and demand. A girl runs past a man as he smokes......
Reuters - Business

Exclusive: Volkswagen to buy 20% of Chinese battery maker Guoxuan amid electric push – sources

Reuters
HONG KONG/BEIJING (Reuters) – Volkswagen AG (VOWG_p.DE) is set to take a 20% stake in Chinese electric vehicle battery maker Guoxuan High-tech Co Ltd (002074.SZ), two sources told Reuters, as the German firm accelerates its electric push into the world’s largest auto market. FILE PHOTO: A Volkswagen electric ID car......
Reuters - Business

China’s 2019 property investment solid, but first sales drop in 5 years dents outlook

Reuters
BEIJING (Reuters) – China’s property investment hit a two-year low in December even as it grew at a solid pace in 2019, adding to recent signs of a slackening in the sector and suggested Beijing might need to offer more stimulus to stabilize a cooling economy. FILE PHOTO: Lights are......
Reuters - Business

China posts weakest growth in 29 years as trade war bites, but ends 2019 on firmer note

Reuters
BEIJING (Reuters) – China’s economic growth slowed to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States and sputtering investment, and more stimulus steps are expected this year to help avert a sharper slowdown. FILE PHOTO: Containers are seen at Yantian port......
Reuters - Business

China fourth-quarter GDP grows 6%, in line with expectations and hovering near 30-year low

Reuters
FILE PHOTO: A cargo ship is seen next to containers at a river port during sunset in Huaian, Jiangsu province, China September 14, 2019. REUTERS/Stringer BEIJING (Reuters) – China’s economy grew 6.0% in the fourth quarter of 2019 from a year earlier, official data showed on Friday, in line with......
Reuters - Business

China’s annual aluminum output falls for first time in 10 years: statistics bureau

Reuters
BEIJING (Reuters) – China’s annual aluminum production fell for the first time in 10 years in 2019, official data showed on Friday, hit by softer demand amid the Sino-U.S. trade row and large-scale smelter outages. Aluminum output in the world’s largest producer of the metal dropped to 35.04 million tonnes......
Reuters - Business

Asian shares firm after Wall Street records; China GDP awaited

Reuters
SHANGHAI (Reuters) – Asian shares inched higher on Friday after global stock indexes and Wall Street posted more records, with strong corporate earnings and upbeat U.S. economic data adding to optimism after China and the U.S. signed a partial trade deal. FILE PHOTO: A man looks at a board showing......
Reuters - Business

China set to post weakest growth in 29 years as trade war bites, investment sputters

Reuters
BEIJING (Reuters) – China is expected to report on Friday that economic growth slowed to its weakest in nearly three decades in 2019 amid a bruising trade war with the United States, and more stimulus steps are expected this year to help avert sharper slowdown. FILE PHOTO: A teller counts......
Reuters - Business

Gap pulls plug on Old Navy spinoff to focus on turning around sales

Reuters
FILE PHOTO: The logo of GAP clothing retailer is seen at a company’s store at Tbilisi Mall in Tbilisi, Georgia, April 22, 2016. REUTERS/David Mdzinarishvili (Reuters) – Gap Inc (GPS.N) on Thursday called off a plan to spin-off its Old Navy brand and said it would instead work to stem......

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