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High turnout, low expectations for first EU-Arab summit
Egypt will host the first joint summit of Arab League and European Union leaders starting on Sunday, a gathering overshadowed by internal divisions in both alliances and last-minute talks on Brexit.
Posted on : 2019-02-23 00:05:40
Turkish banks to extend maturities of consumer, car loans: banking association
The Turkish banking association will extend maturities of consumer loans to five years from the current three, and car loans to five years from three, its chairman said on Friday.
Posted on : 2019-02-22 23:43:44
Canadian regulator recommends expanding oil pipeline, urges whale protections
Canada's National Energy Board (NEB) regulator recommended on Friday that Ottawa approve expansion of the government-owned Trans Mountain oil pipeline, but made new, nonbinding recommendations to mitigate harm to Pacific Ocean killer whales and the environment.
Posted on : 2019-02-22 23:39:49
U.S. Chamber of Commerce urges comprehensive U.S.-China trade deal
The U.S. Chamber of Commerce on Friday said gaps remain in the ongoing trade talks between the United States and China, particularly around structural issues, but urged both sides to make a comprehensive deal as soon as possible.
Posted on : 2019-02-22 23:39:15
Careful what you wish for, ECB's Draghi tells eurosceptics
Leaving the European Union or the euro currency does not equate to greater sovereignty for the country involved, which would then become hostage to decisions made elsewhere, the head of the European Central Bank Mario Draghi said on Friday.
Posted on : 2019-02-22 23:38:50
In hot job market, Fed still frets about low inflation
Despite a U.S. unemployment rate that has plumbed its lowest levels in nearly 50 years, Federal Reserve policymakers remain worried about excessively low inflation, a view that helps explain the central bank's recent decision to put interest-rate hikes on hold.
Posted on : 2019-02-22 23:38:25
Wall Street climbs as trade hopes power tech shares
U.S. stocks rose on Friday, as technology shares were boosted by signs of progress in the ongoing trade talks between the United States and China.
Posted on : 2019-02-22 23:36:10
Canada's Barrick considers buyout of rival Newmont Mining
Canada's Barrick Gold Corp said on Friday it was considering an all-stock bid for U.S. rival Newmont Mining Corp, a deal that would create a monolith in the global gold sector and likely push smaller peers to start buying each other.
Posted on : 2019-02-22 23:28:06
Madoff customer payout tops $12 billion
The court-appointed trustee liquidating Bernard Madoff's firm said he began distributing $464 million to the imprisoned swindler's former customers on Friday, boosting their recovery to roughly $12.2 billion.
Posted on : 2019-02-22 22:59:39
France holds out over start of EU trade talks with Trump
France expressed reservations on Friday about proposed trade negotiations with the United States, diplomats said, while other EU countries supported talks with Washington that could ward off punitive U.S. tariffs on European cars.
Posted on : 2019-02-22 22:35:42
Global Markets: U.S.-China trade hopes lift stocks; oil at 3-month high
Stocks rose in major markets on Friday on bets of progress in trade talks between the United States and China, while crude futures hit their highest in over three months, supported by ongoing supply cuts.
Posted on : 2019-02-22 22:34:18
Volkswagen warns of challenges, to redouble efforts to meet targets
Volkswagen warned investors about a tough year ahead as the car and truck making group reported preliminary annual results on Friday that were weighed down by currency headwinds and supply bottlenecks caused by new emissions testing rules.
Posted on : 2019-02-22 22:25:03
Gold eyes second weekly gain as focus shifts to growth fears
Gold rose on Friday en route to a second weekly gain as the dollar was subdued by weak U.S. economic data and hopes of a breakthrough in the U.S.-China trade dispute, with a darkening global economic outlook bolstering interest in bullion.
Posted on : 2019-02-22 22:22:45
Oil hits three-month highs on U.S.-China trade hopes
Oil prices touched more than three-month highs on Friday, supported by rising hopes that the United States and China would soon reach a deal to end their trade war, but new record U.S. oil production limited gains.
Posted on : 2019-02-22 22:22:37
Tech stocks lift Wall Street amid trade hopes
U.S. stocks rose on Friday as technology shares were boosted by signs of progress in the ongoing trade talks between the United States and China.
Posted on : 2019-02-22 22:22:15
Corrected: Exxon, Microsoft strike cloud computing agreement for U.S. shale
(Corrects Exxon's fourth-quarter Permian production in 5th paragraph)
Posted on : 2019-02-22 22:20:36
British fraud office abandons Rolls-Royce, GSK investigations
The UK's Serious Fraud Office (SFO) has abandoned two of its largest and longest investigations, into alleged bribery at aero engine maker Rolls-Royce and drugs maker GlaxoSmithKline, in a move described by one lawyer as "extraordinary".
Posted on : 2019-02-22 22:18:42
U.S., China resume talks on thorniest issues in trade war
Top U.S. and Chinese trade negotiators met on Friday to wrap up a week of talks that have seen the two sides struggle to detail how to bridge deep differences on China's role in global commerce.
Posted on : 2019-02-22 22:17:49
Asian spot prices hit new lows as oversupply weighs
Asian spot prices for liquefied natural gas (LNG) dropped to new lows this week as sporadic spot demand failed to change the overall trend of oversupply in the market.
Posted on : 2019-02-22 22:15:17
Thirty years on, U.S.-China politics and tech collide
"U.S. EASES CURBS ON EXPORTS TO CHINA" read a Reuters headline on March 1, 1989, when Washington lifted long-standing restrictions on technology shipments to China.
Posted on : 2019-02-22 21:32:15
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