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Volkswagen pulls out of Iran, according to U.S. official - Bloomberg
Volkswagen AG will end almost of all its operations in Iran, Bloomberg reported on Wednesday, citing a U.S. official who led the discussions with the carmaker.
Posted on : 2018-09-20 06:59:34
Asian markets follow global shares higher, trade war still in focus
Asian stocks rose in early trade on Thursday following a second day of gains on global share markets amid easing investor concern over the impact from the U.S.-China trade war, but markets remained cautious.
Posted on : 2018-09-20 06:34:34
U.S. oil prices climb amid drop in stockpiles, strong gasoline demand
U.S. oil prices extended gains on Thursday amid another drawdown in U.S. crude inventories and strong local gasoline demand, while signs OPEC may not raise output to address shrinking supplies from Iran also buoyed markets.
Posted on : 2018-09-20 06:16:20
Alibaba's Jack Ma says can't meet promise to create 1 million U.S. jobs - Xinhua
Alibaba Chairman Jack Ma said the company can no longer meet its promise to create 1 million jobs in the United States due to U.S.-China trade tensions, Chinese news agency Xinhua reported on Wednesday.
Posted on : 2018-09-20 06:14:07
Forecasters unanimous: U.S.-China trade war bad for economy
The U.S. economy will expand at a robust pace in coming quarters but slow to 2 percent by the end of 2019, according to forecasters polled by Reuters who unanimously said the escalating trade war with China was bad economic policy.
Posted on : 2018-09-20 05:55:35
Trump nominates ex-Fed economist Liang for Fed board seat - officials
U.S. President Donald Trump on Wednesday nominated former Federal Reserve economist Nellie Liang to the U.S. central bank's board of governors, two White House officials said.
Posted on : 2018-09-20 04:09:27
Don't rip Britain apart, May appeals to fellow EU leaders on Brexit
Prime Minister Theresa May appealed directly to fellow European leaders on Wednesday to drop "unacceptable" Brexit demands that she said could rip Britain apart, and urged the bloc to respond in kind to her "serious and workable" plan.
Posted on : 2018-09-20 03:16:52
S&P 500, Dow up as rising treasury yields boost banks
The S&P 500 and the Dow Jones industrial average rose on Wednesday, with the Dow hitting its highest closing level since late January as rising Treasury yields boosted the financial sector and trade worries subsided.
Posted on : 2018-09-20 02:45:35
Financials boost S&P 500, Dow; tech drags on Nasdaq
The S&P 500 and the Dow Jones industrial average rose on Wednesday, with the Dow hitting its highest level since late January as rising Treasury yields boosted the financial sector and trade jitters abated.
Posted on : 2018-09-20 02:21:45
World stocks rally for a second day, setting aside trade fears
World stock markets rallied for a second straight day on Wednesday, while safe-haven assets such as U.S. bonds and the Japanese yen slipped to multi-week lows on bets the ongoing U.S.-China trade spat would inflict less damage than feared.
Posted on : 2018-09-20 02:12:40
Brexit progress elusive as sides ask each other for help
British Prime Minister Theresa May urged fellow European Union leaders at an informal summit on Wednesday to follow her lead and adapt their Brexit negotiating stance to secure a good deal.
Posted on : 2018-09-20 02:00:14
Amazon considering opening up to 3,000 cashierless stores by 2021 - Bloomberg
Amazon.com Inc is considering a plan to open as many as 3,000 new Amazon Go cashierless stores in the next few years, Bloomberg reported on Wednesday, citing people familiar with the matter.
Posted on : 2018-09-20 01:51:32
U.S. oil prices surge as inventory draw adds to supply concerns
U.S. oil futures surged nearly 2 percent on Wednesday as they were bolstered by a fifth weekly crude inventory drawdown and strong domestic gasoline demand amid ongoing global supply concerns over U.S. sanctions on Iran that come into force in November.
Posted on : 2018-09-20 01:50:38
DoubleLine's Gundlach warns U.S. Treasury yields headed higher
Jeffrey Gundlach, chief executive officer of DoubleLine Capital, on Wednesday said bond prices across the U.S. Treasury yield curve could fall if the 30-year yield closes above 3.25 percent twice in a row.
Posted on : 2018-09-20 01:07:58
May and other EU leaders ask each other for Brexit help
British Prime Minister Theresa May urged fellow European Union leaders at an informal summit on Wednesday to follow her lead and adapt their Brexit negotiating stance to secure a good deal.
Posted on : 2018-09-20 00:20:59
Gold climbs as dollar weakens on U.S.-China trade dispute
Gold rose on Wednesday as the dollar weakened, indicating investors are starting to worry about the impact of the U.S.-China trade war on the U.S. economy, luring some buyers back into precious metals investments.
Posted on : 2018-09-19 23:34:58
Ex-PBOC chief says China must address 'loopholes' as part of WTO reform
China must plug loopholes in the way it applies rules on subsidies and technology transfer to address complaints from the United States and the European Union, former central bank chief Zhou Xiaochuan said on Wednesday.
Posted on : 2018-09-19 23:27:34
Danske Bank CEO quits over $234 billion money laundering scandal
Danske Bank's chief executive Thomas Borgen resigned on Wednesday after an investigation revealed payments totalling 200 billion euros ($234 billion) through its small Estonian branch, many of which the bank said were suspicious.
Posted on : 2018-09-19 23:17:35
Bank of America to pay $30 million 'manipulation' penalty: CFTC
U.S. regulators ordered Bank of America on Wednesday to pay a $30 million civil penalty for what it called attempted manipulation of the swaps and derivatives benchmark.
Posted on : 2018-09-19 23:16:05
Nike's Kaepernick ad spurs spike in sold out items
Nike Inc has sold out 61 percent more merchandise since the controversial ad campaign featuring former NFL player Colin Kaepernick appeared earlier this month, according to data on the company's online sales from Thomson Reuters Proprietary Research.
Posted on : 2018-09-19 23:13:10
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