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G20 watchdog focuses on rules review, holds fire on cryptocurrencies
LONDON (Reuters) - The global watchdog that drove through a welter of banking and market reforms after the financial crisis said it will pivot more towards reviewing existing rules and away from designing new ones.
Posted on : 2018-03-18 23:02:50
Germany warns U.S. against trying to divide EU on trade
BERLIN (Reuters) - Top German government officials on Sunday issued strong warnings to the United States about the dangers of pursuing protectionist policies but said they would continue efforts to avert planned U.S. steel and aluminium tariffs.
Posted on : 2018-03-18 21:02:03
China to appoint Yi Gang as new central bank governor - WSJ
SHANGHAI (Reuters) - China has selected American-trained economist Yi Gang to become the country's new central bank governor, the Wall Street Journal (WSJ) reported on Sunday, citing unnamed people with knowledge of the matter.
Posted on : 2018-03-18 20:45:18
UAE's ADNOC awards Total stakes in two offshore concessions
ABU DHABI (Reuters) - Abu Dhabi National Oil Company (ADNOC) said on Sunday it had signed 40-year agreements with France's Total, awarding the company a 20 percent stake in the Umm Shaif and Nasr concession and a 5 percent interest in the Lower Zakum concession.
Posted on : 2018-03-18 20:04:49
Iraq's SOMO chief says targeting more crude sells to Asian markets
BAGHDAD (Reuters) - The head of Iraq's state-oil marketer SOMO said on Sunday that Iraq will seek to corner a greater share of Asian markets through a new joint venture strategy.
Posted on : 2018-03-18 19:59:18
Exclusive: Qatar asks U.S. to investigate UAE bank for 'financial warfare'
LONDON (Reuters) - Qatar has asked U.S. regulators to investigate the U.S. subsidiary of the largest bank in the United Arab Emirates, accusing it of "bogus" foreign exchange deals designed to harm its economy as part of a blockade by Gulf neighbours.
Posted on : 2018-03-18 18:15:52
Analysis: Investors eye currencies for those most at risk in a trade war
LONDON (Reuters) - Foreign exchange markets appear convinced that a global trade war is unlikely to break out anytime soon, although with long bets on some currencies at record highs, investors fear complacency may be setting in.
Posted on : 2018-03-18 18:10:16
New German finance ministry pushes free trade at G20 meeting
BUENOS AIRES (Reuters) - Germany's new finance minister Olaf Scholz warned on Sunday that protectionism could harm future economic prospects and said Germany would continue talks to dissuade the United States from imposing planned punitive steel and aluminium tariffs.
Posted on : 2018-03-18 17:10:27
Analysis: Ten years after crash, Americans still have not fallen back in love with stocks
NEW YORK (Reuters) - Luke Thomas, 44, an information technology field manager who lives in Miami, began investing in the U.S. stock market in his early 20s, attracted by the prospect of learning “how to grow a little bit of money into a lot,” he said.
Posted on : 2018-03-18 16:45:02
Australia, Southeast Asian summit ends with rebukes against trade protectionism
SYDNEY (Reuters) - The leaders of Australia and Singapore closed a regional summit on Sunday with a stand against against protectionism, arguing in favour of multi-nation trade deals as fears mount that U.S. plans for new tariffs could stoke a global trade war.
Posted on : 2018-03-18 14:58:29
U.S. government to accept metals tariffs exclusion requests from Monday
WASHINGTON (Reuters) - The U.S. Commerce Department said it will begin accepting requests on Monday for product exclusions from President Donald Trump's new steel and aluminum import tariffs, but it could take up to 90 days for the agency to make determinations.
Posted on : 2018-03-18 13:16:09
China's Didi looks to raise $1.6 billion via asset-backed securities
SHANGHAI (Reuters) - A unit of Chinese ride-hailing firm Didi Chuxing has submitted an application to raise 10 billion yuan ($1.6 billion) through an issuance of asset-backed securities.
Posted on : 2018-03-18 13:13:38
DP World buys stakes in Peru's No. 2 container terminal, India logistics firm
DUBAI (Reuters) - DP World, one of the world's largest port operators, said on Sunday it had bought a logistics firm in Peru for $315.7 million, giving it a 50 percent stake in the country's second largest container terminal.
Posted on : 2018-03-18 13:09:34
Quick fix? Struggling Singapore retailers turn to vending machines
SINGAPORE (Reuters) - With sales stagnating and high rent and manpower costs eating away at his profits, Azan Tengku, the director of Singaporean gift company Kalms, decided to close down his stores and move all his products into vending machines.
Posted on : 2018-03-18 10:47:18
Daimler cars unit invests to ramp up output to 3 million vehicles
FRANKFURT (Reuters) - Germany' Daimler is in a push to boost production capacity as its Mercedes-Benz Cars unit eyes annual sales of 3 million vehicles, up from 2.4 million last year, an executive told weekly publication Automobilwoche.
Posted on : 2018-03-17 21:23:37
Merkel, Xi agree to work on steel overcapacity within G20
BERLIN (Reuters) - German Chancellor Angela Merkel and Chinese President Xi Jinping on Saturday discussed overcapacity in world steel markets and agreed to work on solutions within the framework of the G20 group of industrialised nations, Merkel's spokesman said.
Posted on : 2018-03-17 21:02:09
U.S. probes air bag failures in deadly Hyundai, Kia car crashes
WASHINGTON (Reuters) - The U.S. National Highway Traffic Safety Administration said on Saturday it is opening a probe into why some air bags failed to deploy in Hyundai and Kia vehicles after crashes in which four people were reportedly killed and another six injured.
Posted on : 2018-03-17 20:22:11
U.S. agency probing air bag failures after four deaths reported in Hyundai, Kia cars
WASHINGTON (Reuters) - The U.S. National Highway Traffic Safety Administration said on Saturday it is opening an investigation to determine why some air bags failed to deploy in crashes after four deaths were reported in Hyundai Motor Co and Kia Motors Corp vehicles.
Posted on : 2018-03-17 19:17:16
'Exhausted' Toys 'R' Us suppliers weigh options as huge retailer shuts
CHICAGO/NEW YORK (Reuters) - When Toys 'R' Us secured a $3.1 billion bankruptcy loan in September, toy makers were reassured they would be paid for goods delivered to the company as it tried to emerge from Chapter 11.
Posted on : 2018-03-17 16:47:07
Merkel defends German trade surplus, says trying to boost domestic demand
BERLIN (Reuters) - Germany is trying to stimulate domestic demand to offset strong exports, but wants a keen appetite for German products to continue, Chancellor Angela Merkel said in a video podcast on Saturday.
Posted on : 2018-03-17 16:14:20
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