U.S. housing starts rise on jump in multi-family construction
U.S. homebuilding increased more than expected in August, a positive sign for the housing market which has underperformed the broader economy amid rising interest rates for home loans.
Posted on : 2018-09-19 22:57:22
China and U.S. energy officials tout cooperation, despite tariffs
Energy trade with China will remain strong in the long term, officials said on Wednesday at a Sino-U.S. oil and gas forum in Houston, even as an escalating trade dispute hits U.S. exports of natural gas.
Posted on : 2018-09-19 22:53:33
Exclusive - Russian oil firm seeks dollar alternative amid US sanctions threat: traders
Russian oil producer Surgutneftegaz is pushing buyers to agree to pay for oil in euros instead of dollars if the need arises, apparently as insurance against possible tougher U.S. sanctions, traders who deal with the firm told Reuters.
Posted on : 2018-09-19 22:44:33
Banks lift S&P, Dow; Nasdaq weighed by Microsoft
The S&P 500 and the Dow Jones Industrials Average rose on Wednesday, helped by upbeat housing data and a gain for bank stocks driven by rising Treasury yields, while the tech-heavy Nasdaq was weighed by a drop in Microsoft.
Posted on : 2018-09-19 22:42:08
China's exporters could quickly ditch U.S. market, says ex-central bank head
The direct economic impact on China of the trade war with the United States appears limited, though it could rapidly prompt China's exporters to switch away from the U.S. market, the former central bank governor in Beijing said on Wednesday.
Posted on : 2018-09-19 22:17:06
Exclusive: Orange Bank's CEO Coisne to resign in next few weeks -sources
The boss of telecom group Orange's online bank will resign in the next few weeks, three sources close to the matter told Reuters, underscoring operational challenges at the lender less than a year after its launch.
Posted on : 2018-09-19 22:15:34
WTO possible without the U.S.; trade spat between U.S., China could escalate: WTO chief
It would be possible to have a global trade dispute resolution body without the United States, but it's unclear whether Washington would favor such an organization, the director-general of the World Trade Organization (WTO) said on Wednesday.
Posted on : 2018-09-19 22:05:38
U.S. oil prices jump as fifth weekly stock draw adds to supply concerns
U.S. oil futures rose more than $1 a barrel on Wednesday, bolstered by a fifth weekly crude inventory drawdown and strong domestic gasoline demand, amid ongoing supply concerns over U.S. sanctions on Iran that come into force in November.
Posted on : 2018-09-19 22:02:47
Germany to reach target of 1 million electric cars later than planned
Germany will likely have to delay its target of having 1 million electric vehicles on the road by two years to 2022, according to a government-sponsored report.
Posted on : 2018-09-19 22:01:58
Royal favourite, designer Orla Kiely closes stores
Irish designer Orla Kiely, who built a fashion label around colourful 1970s-style geometric prints, has closed her online business and shops in the UK and Ireland after parent company Kiely Rowan went into administration.
Posted on : 2018-09-19 21:27:45
ECB's Draghi calls for euro area fiscal instrument to fight crises
The euro zone needs a new fiscal instrument and more public risk-sharing to fight the sort of crises that have left lasting scars on the currency bloc's economy and society, European Central Bank President Mario Draghi said on Wednesday.
Posted on : 2018-09-19 21:19:07
Global stocks rally for a second day, setting aside trade fears
World stock markets broadly rose 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 : 2018-09-19 21:17:39
Britain's Tesco takes on discount rivals with new Jack's chain
Britain's biggest retailer Tesco is going head-to-head with fast-growing German discounters Aldi and Lidl on price with a new grocery store it says will be the cheapest in town.
Posted on : 2018-09-19 21:16:25
Startup Picnic runs grocery delivery bus in Dutch online shopping boom
Coming to a stop outside yet another front door on Utrecht's narrow streets, 25-year-old Susann Huber gets out of her electric minivan, pulls out a crate of groceries and hands them over to a waiting customer.
Posted on : 2018-09-19 21:15:34
Exclusive: China's Nanhua plans London Metal Exchange debut
Major Chinese broker Nanhua Futures is planning to start trading on the London Metal Exchange in the first half of next year as the market experiences a wave of fresh interest from China.
Posted on : 2018-09-19 21:13:35
Goldman Sachs nears deal to sell its fintech app: source
Goldman Sachs is in advanced talks with several financial companies to spin off its three-year-old app, Simon, which sells complex financial products to retail investors, a source familiar with the matter told Reuters.
Posted on : 2018-09-19 21:11:03
RBI says Yes Bank's Kapoor can remain CEO until Jan 2019
The Reserve Bank of India (RBI) has allowed Yes Bank Ltd Chief Executive Rana Kapoor to continue in the role until Jan. 31, 2019, the private-sector lender said on Wednesday.
Posted on : 2018-09-19 20:59:45
Life Healthcare to sell stake in Indian JV for $293 million
South African private hospital group Life Healthcare said on Wednesday it will sell its entire 49.7 percent stake in India's Max Healthcare to a global investment firm for 4.3 billion rand ($293 million), in order to focus on its operations elsewhere.
Posted on : 2018-09-19 20:44:30
U.S. Chamber chief says Trump can still avoid a damaging trade war
U.S. Chamber of Commerce President Tom Donohue said on Wednesday that the Trump administration could still avoid a full-blown global trade war that erodes business confidence if it seals a trilateral NAFTA trade deal and makes progress on European trade issues in the coming weeks.
Posted on : 2018-09-19 20:12:22
EU unveils Asia infrastructure plan, denies rivalry with China
The European Commission proposed on Wednesday a foreign policy plan to improve transport, energy and digital infrastructure links with Asia but denied seeking to counter China's ambitions that have raised suspicion in Western capitals.
Posted on : 2018-09-19 20:04:57
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Volkswagen pulls out of Iran, according to U.S. official - Bloomberg
Asian markets follow global shares higher, trade war still in focus
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Forecasters unanimous: U.S.-China trade war bad for economy