Stocks faltered and bonds rose on Wednesday as U.S. President Donald Trump’s political position was threatened by the criminal convictions of two former advisers, while the U.S. dollar steadied after five consecutive days of losses.
Some Chinese coal traders handling U.S. imports have begun sourcing future supplies domestically, people with knowledge of the matter said, as they await delivery of the last U.S. cargoes to arrive before hefty tariffs kick in on Thursday in a deepening trade row between the world’s top two economies.
Asian stocks inched higher on Wednesday, with sentiment boosted by Wall Street’s rise and a record intraday high for the S&P 500 index, but political headlines in the U.S. and Australia and a retreat in Chinese markets darkened the mood.
U.S. and Chinese officials are set to resume contentious trade talks on Wednesday under the cloud of a prediction by U.S. President Donald Trump that there would be no real progress.
Linde warned that divestments needed to secure approval for its planned tie-up with Praxair have reached a size that would allow either party to abandon the deal, but added it was in constructive talks to salvage the $83 billion merger.
Linde said divestments needed to secure regulatory approval for its planned tie-up with Praxair have reached a size that would allow either party to abandon the deal, but added it was in constructive talks with its prospective merger partner.
Sears Holdings Corp is facing a familiar foe in its bid to sell off the Kenmore appliances brand: the U.S. government body that oversees the pensions for the company’s 100,000 retirees.
Tesla Inc Chief Executive Elon Musk’s contemplated $72 billion take-private deal is presenting investments bankers with a dilemma: heed concerns about how feasible it is or risk missing out on what could be this year’s biggest and most high-profile acquisition.
Two U.S. airlines on Tuesday cut routes between China and the United States, underscoring increasingly tough competition from state-backed Chinese rivals as they aggressively expand their fleets with cut-price tickets.
Asian stocks eked out gains on Wednesday, with sentiment boosted by Wall Street’s rise and a record intraday high for the S&P 500 index on Tuesday, but fragile Chinese markets retreated after two days in the black.
Bitcoin jumped more than 5 percent in the span of a few minutes on Wednesday, pacing a rally in cryptocurrencies as market watchers cited potential short covering for the move. …read more […]
U.S. Rep. Duncan Hunter and his wife were charged Tuesday with using more than $250,000 in campaign funds to finance family trips to Italy and Hawaii, golf outings, school tuition, theater tickets — even fast food purchases — and attempting to disguise the illegal spending in federal records, prosecutors said. A 48-page federal indictment depicts the couple as binge spenders who over eight years pocketed a steady stream of dollars intended for campaign purposes, while their household budget was awash in red ink. In March 2015, Hunter told his wife he wanted to buy “Hawaii shorts” but ran …read more […]
Asian stocks were flat in early trade on Wednesday after Wall Street ended higher, with the S&P 500 index touching a record high on Tuesday, and as lower-level trade talks between the U.S. and China due this week boost hopes of easing trade tensions.
U.S.-Turkey business groups on Tuesday warned that a political dispute between the NATO allies was affecting investor confidence and had forced some firms to suspend investment plans.
Everyone naturally thinks about toys, but there is a bigger market to exploit. …read more […]
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