By Aislinn Laing SANTIAGO (Reuters) – Chile’s finance minister has sought to downplay a row between the government and the construction and engineering arm of South Korean giant Hyundai (KS:) over a $740 million suspension bridge, saying disputes in such mega projects were “quite common.” Hyundai Engineering and Construction (HDEC)Read More →
By Foo Yun Chee BRUSSELS (Reuters) – Nokia (HE:) said on Friday it was working to end a row with Germany’s Daimler (DE:) and other firms which have complained to the EU antitrust regulators about the level of fees charged for technology patents from the Finnish company. Sources familiar withRead More →
Is three the magic number for Wall Street? We’ll soon find out. Only a few think that Jerome Powell & Co. will not cut interest rates next week for a third time in as many gatherings of the rate-setting Federal Open Market Committee. Market-based probabilities imply a 93.5% chance ofRead More →
Gold futures gave up most of their earlier gains on Friday, but hold ground above the key $1,500 price and look poised to score a second weekly climb in a row. Downbeat economic data, with a reading on U.S. consumer sentiment revised down to 95.5 in October from an initialRead More →
Oil futures headed lower early Monday as investors failed to shake worries that growing signs of weakness will eventually hurt demand for crude oil. West Texas Intermediate crude for November delivery CLX19, -1.58% fell 21 cents, or 0.4%, to $53.66 a barrel on the New York Mercantile Exchange, after theRead More →
Oil futures traded higher Friday, looking to score a third gain in row, with support tied to progress toward deals on U.S.-China trade and Brexit, as well as a weekly fall in U.S. inventories. Prices, however, held on to a loss for the week on the back of downbeat economicRead More →
By Kate Holton LONDON (Reuters) – Scottish whisky makers said on Thursday jobs and investment were at risk after the United States slapped a 25% tariff on their single malt spirit and France said the European Union could respond in the row over EU aircraft subsidies. The World Trade OrganizationRead More →
LONDON/PARIS (Reuters) – Shares in Airbus (PA:) and other key French exporters fell on Monday as Europe and the United States edged closer toward tit-for-tat sanctions in a long-running dispute over aircraft subsidies. The World Trade Organization has approved a U.S. request to impose tariffs on some European goods inRead More →
Gold futures settled lower on Friday to post a loss for the week, but prices tallied a fourth consecutive monthly gain, with investors snapping up the precious metal and other haven assets in August as trade-related tensions stoked worries over global growth. “The precious metals remain in a bullish uptrend,Read More →
© Reuters. UK aviation authority questioning BA after cancelations row LONDON (Reuters) – The UK Civil Aviation Authority (CAA) is questioning British Airways after it enraged thousands of travelers by telling them their flights had been canceled after its pilots announced they would strike for three days next month. LastRead More →
ZURICH (Reuters) – Swiss President Ueli Maurer played down prospects for quickly ending a standoff with the European Union over a stalled partnership treaty that has disrupted cross-border stock trading and strained ties with Switzerland’s main trading partner. Maurer, a member of the right-wing and EU-skeptical Swiss People’s Party, suggestedRead More →
© Reuters. Japan to tighten curbs on tech material exports to South Korea amid wartime labor row By Makiko Yamazaki TOKYO (Reuters) – Japan will tighten restrictions on exports of high-tech materials used in smartphone displays and chips to South Korea in response to a South Korean ruling on war-timeRead More →
© Reuters. FILE PHOTO: Logo of Airbus is pictured at the Airbus A380 final assembly line at Airbus headquarters in Blagnac, near Toulouse SEOUL (Reuters) – Airbus has written to airline leaders to appeal for their backing in a trade dispute with rival Boeing (NYSE:), warning of higher aircraft pricesRead More →
© Reuters. FILE PHOTO: Shoppers walk past a Ted Baker store on Regents Street in London By Noor Zainab Hussain (Reuters) – British fashion retailer Ted Baker named a company veteran as its boss on Thursday, also introducing changes to workplace standards as it looked to draw a line underRead More →
U.S. stocks finished mostly higher Monday, with the S&P 500 rising for eighth session in a row, as investors geared up for a new earnings season. How did the benchmarks fare? S&P 500 index SPX, +0.10% bounced back to rise 3.03 points, or 0.1%, to 2,895.77, tying its longest winningRead More →
Evidence is mounting that the U.S. is becoming a less attractive place for international students to study. The latest sign: A report published Thursday by the Council of Graduate Schools, which found that applications from international students to U.S. graduate schools dropped 4% between fall 2017 and fall 2018, theRead More →
