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February 19, 2020
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Reuters - Business

S&P 500, Nasdaq notch record highs on China stimulus hopes

Reuters
FILE PHOTO: A view of the exterior of the Nasdaq market site in the Manhattan borough of New York City, U.S., October 24, 2016. REUTERS/Shannon Stapleton/File Photo NEW YORK (Reuters) – The S&P 500 and Nasdaq rose to record closing highs on Wednesday as optimism that China would take more......
Reuters - Business

S&P 500, Nasdaq scale new highs on China stimulus hopes, drop in new virus cases

Reuters
(Reuters) – The S&P 500 and the Nasdaq hit fresh highs on Wednesday on signs of slowing coronavirus infections and expectations that China would take more measures to bolster its virus-hit economy. FILE PHOTO: A view of the exterior of the Nasdaq market site in the Manhattan borough of New......
Reuters - Business

U.S. housing starts drop; building permits near 13-year high

Reuters
WASHINGTON (Reuters) – U.S. homebuilding fell less than expected in January while permits surged to a near 13-year high, pointing to sustained housing market strength that could help keep the longest economic expansion in history on track. A new apartment building housing construction site is seen in Los Angeles, California,......
Reuters - Business

Trump blasts proposed U.S. restrictions on sale of jet parts to China

Reuters
WASHINGTON (Reuters) – President Donald Trump objected on Tuesday to U.S. proposals that would prevent companies from supplying jet engines and other components to China’s aviation industry and suggested he had instructed his administration not to implement them. FILE PHOTO: Chinese Vice Premier Liu He and U.S. President Donald Trump......
Reuters - Business

U.S. judge rejects Huawei challenge to federal law restricting its business

Reuters
FILE PHOTO: The Huawei logo is pictured at the IFA consumer tech fair in Berlin, Germany, September 6, 2019. REUTERS/Hannibal Hanschke (Reuters) – A federal judge in Texas on Tuesday rejected Chinese telecommunications equipment maker Huawei Technologies’ constitutional challenge to a U.S. law that restricted its ability to do business......
Reuters - Business

Dow, S&P 500 decline after Apple’s sales warning

Reuters
NEW YORK (Reuters) – The Dow and S&P 500 fell on Tuesday after a sales warning from Apple left investors assessing the impact of the coronavirus outbreak on U.S. companies. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S.,......
Reuters - Business

Dow, S&P close lower but Nasdaq edges up after Apple warning

Reuters
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., February 6, 2020. REUTERS/Lucas Jackson NEW YORK (Reuters) – The Dow and S&P fell on Tuesday while the Nasdaq ended just above the unchanged mark as a sales warning from......
Reuters - Business

Huawei accuses U.S. of overlooking HSBC misconduct to go after Chinese firm

Reuters
(Reuters) – U.S. prosecutors overlooked apparent violations of U.S. sanctions against Iran by HSBC Holdings (HSBA.L) in exchange for the British bank’s cooperation with a government investigation of Huawei Technologies, lawyers for the Chinese telecoms giant said. FILE PHOTO: The Huawei logo is seen on a communications device in London,......
Reuters - Business

Trump blasts proposed restrictions on selling U.S. jet parts to China

Reuters
WASHINGTON (Reuters) – U.S. President Donald Trump on Tuesday blasted proposals that could restrict U.S. companies’ ability to supply jet engines and other components to China’s aviation industry and said he had instructed his administration to prevent such moves. FILE PHOTO: Chinese Vice Premier Liu He and U.S. President Donald......
Reuters - Business

20 years after dot-com peak, tech dominance keeps investors on edge

Reuters
SAN FRANCISCO/NEW YORK (Reuters) – As Wall Street approaches the 20th anniversary of the piercing of the dot-com bubble, today’s decade-old rally led by a few small players shows some similarities that cautious investors are keeping an eye on. FILE PHOTO: A view of the exterior of the Nasdaq market......
Reuters - Business

China to grant tariff exemptions on 696 U.S. goods to support purchases

Reuters
BEIJING (Reuters) – China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so far, as Beijing seeks to fulfill commitments made in its interim trade deal with the United States. FILE PHOTO: A Benjamin Franklin U.S. 100 dollar banknote......
Reuters - Business

China to grant tariff exemptions on additional U.S. goods

Reuters
FILE PHOTO: A Benjamin Franklin U.S. 100 dollar banknote and a Chinese 100 yuan banknote with late Chinese Chairman Mao Zedong are seen in this picture illustration in Beijing, China, January 21, 2016. REUTERS/Jason Lee/File Photo BEIJING (Reuters) – China said on Tuesday it would accept applications for new tariff......
Reuters - Business

U.S. mulls cutting Huawei off from global chip suppliers, with TSMC in crosshairs

Reuters
WASHINGTON (Reuters) – The Trump administration is considering changing U.S. regulations to allow it to block shipments of chips to Huawei Technologies from companies such as Taiwan’s TSMC (2330.TW), the world’s largest contract chipmaker, two sources familiar with the matter said. FILE PHOTO: The Huawei booth is shown during the......
Reuters - Business

U.S. weighs blocking GE engine sales for China’s new airplane: sources

Reuters
(Reuters) – The U.S. government is considering whether to stop General Electric Co (GE.N) from continuing to supply engines for a new Chinese passenger jet, according to people familiar with the matter, casting uncertainty over China’s efforts to enter the civil aviation market. FILE PHOTO: A traffic light is seen......
Reuters - Business

Huawei cyber security chief says no operator gives it access to intercept equipment

Reuters
LONDON (Reuters) – Huawei’s cyber security chief said on Friday that he was not aware of any mobile operator ever having given the Chinese company access to the equipment used to intercept calls when required to do so by security services. FILE PHOTO: The Huawei logo is seen on a......
Reuters - Business

U.S. raises tariffs on European aircraft in ongoing dispute over subsidies

Reuters
WASHINGTON (Reuters) – The U.S. government on Friday said it would increase tariffs on aircraft imported from the European Union to 15% from 10%, ratcheting up pressure on Brussels in a nearly 16-year transatlantic dispute over aircraft subsidies. FILE PHOTO: The logo of Airbus is pictured at the aircraft builder’s......
Reuters - Business

U.S. firm wins reprieve from expanded duties on steel products

Reuters
FILE PHOTO – U.S. President Donald Trump speaks about trade at the Granite City Works steel coil warehouse in Granite City, Illinois, U.S., July 26, 2018. REUTERS/Joshua Roberts WASHINGTON (Reuters) – The U.S. Court of International Trade has issued a temporary order under which U.S. customs agents cannot collect duties......
Reuters - Business

Airbus says higher U.S. tariffs on EU planes will harm U.S. airlines, consumers

Reuters
FILE PHOTO: The Airbus logo is pictured at Airbus headquarters in Blagnac near Toulouse, France, March 20, 2019. REUTERS/Regis Duvignau/File Photo WASHINGTON (Reuters) – The U.S. government’s decision to raise tariffs on European-built aircraft will hit U.S. airlines already facing a shortage of aircraft and complicate efforts to reach a......
Reuters - Business

Wall Street Week Ahead: Investors bet emerging markets will weather coronavirus impact

Reuters
NEW YORK (Reuters) – Investors are edging back into emerging markets, even though worries about the coronavirus’ impact on global economic growth have clouded prospects for the boom-and-bust asset class. Nearly $730 million flowed back into emerging markets exchange-traded funds (ETFs) in the past week, according to Lipper, after two......

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