EUR/USD continues to trade on the back foot and has now convincingly lost its grip on the 1.1900 level. The recent drop was prompted by news that the Fed will not be extending SLR rules at the month’s end. EUR/USD continues to trade on the back foot and hasRead More →
At the risk of sounding like Thomas Friedman, who is famous for getting insights from taxi drivers, when I get in an Uber UBER, +2.14% or a Lyft LYFT, +7.02% I often find myself talking to the driver. About the job, the company, the passengers, and so on. One ofRead More →
By Ron Bousso and Dmitry Zhdannikov LONDON (Reuters) – BP (L:) is seeking buyers for its stake in a major Algerian gas plant deep in the Sahara desert after recent talks on a sale to Russian oil giant Rosneft (MM:) failed, three industry sources told Reuters. BP hopes to raiseRead More →
CHICAGO (Reuters) – Chicago will gain $40 million in additional upfront savings from a bigger bond refunding aimed at plugging a huge hole in the current budget, the mayor’s office announced on Tuesday. A planned $1.26 billion refunding this week of outstanding debt was increased to $1.47 billion to accommodateRead More →
© Reuters. By Geoffrey Smith Investing.com — Stocks in focus in premarket trade on Monday, 13th January. Please refresh for updates. 9 AM ET: Renewable energy generator TerraForm Power (NASDAQ:) stock was up 9.9% after the company said it had received an unsolicited offer from Brookfield Renewable Partners (NYSE:) forRead More →
© Reuters. FILE PHOTO: Japan’s SoftBank Group Corp Chief Executive Masayoshi Son bows his head after his presentation at a news conference in Tokyo By Fanny Potkin and Sam Nussey JAKARTA/TOKYO (Reuters) – SoftBank Group Corp (T:) founder and chief executive, Masayoshi Son, said on Friday he wants to expandRead More →
Asian shares were mixed Monday as investors awaited updates on the signing of a trade deal between the U.S. and China and kept a wary eye on North Korea. Tokyo’s Nikkei 225 index NIK, -0.68% fell 0.7%, while Hong Kong’s Hang Seng HSI, +0.49% advanced 0.6%. The ShanghaiRead More →
By Arjun Panchadar (Reuters) – Wall Street’s main indexes were set to open flat on Tuesday after closing at record highs in the previous session, with a handful of retailers reporting mixed results ahead of the latest batch of consumer confidence data. Trade issues remained in focus after Beijing saidRead More →
© Reuters. The soy based Impossible Whopper is seen illustrated at a Burger King in New York By Joshua Franklin and Anirban Sen (Reuters) – Impossible Foods Inc, maker of the plant-based Impossible Burger, is in talks with investors about a new round of fundraising that could more than doubleRead More →
RIO DE JANEIRO (Reuters) – The board of Brazilian state-run power firm Eletrobras has approved an extraordinary shareholders meeting to decide upon a capital increase of 9.99 billion reais ($2.42 billion) via a follow-on share offering, the firm said on Monday. In a securities filing, Centrais Eletricas Brasileiras SA (SA:),Read More →
ATHENS (Reuters) – Hard Rock International will bid for a casino license in a long-delayed tourist development in Athens and plans to spend more than 1 billion euros ($1.11 billion) on the project, the U.S. firm’s chairman said in a newspaper interview. The casino will be part of a plannedRead More →
By Huw Jones LONDON (Reuters) – More realistic curbs on investors wanting to pull cash from funds could make investing in infrastructure more attractive and bolster economic growth, a senior Bank of England (BoE) official said on Monday. The decision by high-profile British fund manager Neil Woodford to suspend hisRead More →
© Reuters. Ryanair Chief Executive O’Leary addresses a news conference in Schwechat By Tim Hepher BRUSSELS (Reuters) – The boss of Europe’s Ryanair Holdings (I:) warned on Wednesday the impact of the prolonged grounding of Boeing Co’s (N:) 737 MAX on the airline’s growth plans may start to spill overRead More →
Facebook Inc. keeps offering inconsistent responses to privacy and content-moderation controversies on the social network, with recent flip-flops indicating that Supreme Ruler Mark Zuckerberg is making things up as he faces new crises seemingly every day. In the most recent round of issues for the embattled company, it has refusedRead More →
© Reuters. An aircraft flies past the HSBC headquarters building in the Canary Wharf financial district in east London By Sumeet Chatterjee HONG KONG (Reuters) – HSBC Holdings (LON:) PLC plans to boost its Asia retail wealth management staff by about 300 by end of this year, with Europe’s biggestRead More →
Associated Press In this Oct. 6, 2018 file photo, Senate Majority Leader Mitch McConnell, R-Ky., finishes speaking to reporters at the Capitol in Washington. Republican senators say that if the House passes articles of impeachment against President Donald Trump, they will quickly quash them in the Senate, where Majority LeaderRead More →
© Reuters. FILE PHOTO: FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house in Shanghai By Andrew Galbraith SHANGHAI (Reuters) – Asian stock markets edged up on Monday after surprising strong U.S. first-quarter economic growth boosted the to a record high, but gainsRead More →
© Reuters. FILE PHOTO: FILE PHOTO: A Volkswagen badge on a production line at the VW plant in Wolfsburg, Germany By Julie Zhu and Arno Schuetze HONG KONG/FRANKFURT (Reuters) – Volkswagen (DE:) AG is exploring purchasing a big stake in its Chinese electric vehicle joint venture partner JAC Motors andRead More →
© Reuters. EU Trade Commissioner Malmstrom attends an interview with Reuters in Geneva By David Lawder WASHINGTON (Reuters) – The European Union is focused on a narrower trade negotiation with the United States focused on industrial goods, including automobiles, European Trade Commissioner Cecilia Malmstrom said on Thursday, one day afterRead More →
For many investors and economists, it’s time for European Central Bank President Mario Draghi to acknowledge growing risks to the eurozone economic outlook. The ECB is widely expected to announce no new actions when it concludes its first policy meeting of 2019 on Thursday. The central bank has already declaredRead More →
© Reuters. Russia Eyes Island Storage for Arctic LNG Amid China Demand Boom (Bloomberg) — Russia’s Novatek PJSC is looking at storing liquefied produced in the Arctic on Japan’s southern island of Kyushu so it can better meet spot demand from China and cut shipping costs. Saibu Gas Co., whichRead More →
