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Home2018December

Month: December 2018

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Business News

Bank of America completes Brexit switch to Dublin

December 3, 2018 admin Comments Off on Bank of America completes Brexit switch to Dublin

Bank of America finished moving its banking and markets operations in Europe to a new base in Dublin from London, the bank said on Monday, after it received all necessary regulatory and court approvals.

…read more […]

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Qatar to withdraw from OPEC and focus on gas exports

December 3, 2018 admin Comments Off on Qatar to withdraw from OPEC and focus on gas exports

Qatar said on Monday it was quitting OPEC from January 2019 but would attend the oil exporter group’s meeting this week, saying the decision meant Doha could focus on cementing its position as the world’s top liquefied natural gas (LNG) exporter.

…read more […]

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Nestle says L’Oreal stake is ‘active on the board’s agenda’: FT

December 3, 2018 admin Comments Off on Nestle says L’Oreal stake is ‘active on the board’s agenda’: FT

Nestle Chairman Paul Bulcke said the food giant’s stake in French cosmetics firm L’Oreal was “something active on the board’s agenda” in an interview with the Financial Times published on Monday that could trigger a fresh round of speculation.

…read more […]

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China says U.S., China working toward removing all tariffs

December 3, 2018 admin Comments Off on China says U.S., China working toward removing all tariffs

China’s foreign ministry said on Monday that the Chinese and U.S. presidents instructed their economic teams to work toward removing all tariffs, following a meeting in Argentina where the two leaders agreed to a truce in their trade war.

…read more […]

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Oil surges on U.S.-China trade war ceasefire, expected supply cuts

December 3, 2018 admin Comments Off on Oil surges on U.S.-China trade war ceasefire, expected supply cuts

Oil prices soared by more than 4 percent on Monday after the United States and China agreed to a 90-day truce in their trade war, and ahead of a meeting this week by producer club OPEC that is expected to result in a supply cut.

…read more […]

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Trump says China to cut tariffs on U.S.-made cars in potential lift for Tesla, BMW

December 3, 2018 admin Comments Off on Trump says China to cut tariffs on U.S.-made cars in potential lift for Tesla, BMW

U.S. President Donald Trump said on Sunday that China had agreed to cut import tariffs on American-made cars, a potential boon for automakers including Tesla Inc and BMW who manufacture in the United States for export to China.

…read more […]

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Qatar to withdraw from OPEC as of Jan 2019: minister

December 3, 2018 admin Comments Off on Qatar to withdraw from OPEC as of Jan 2019: minister

Qatar is withdrawing from the Organization of the Petroleum Exporting Countries (OPEC) as of January 2019, Saad al-Kaabi, the country’s energy minister said on Monday.

…read more […]

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Qualcomm says NXP deal is dead, even as China seen open to okaying it

December 3, 2018 admin Comments Off on Qualcomm says NXP deal is dead, even as China seen open to okaying it

U.S. chipmaker Qualcomm Inc rejected a suggestion by the White House that its collapsed $44 billion acquisition of Dutch peer NXP Semiconductors could be revived, saying the deal had been terminated as the deadline had expired.

…read more […]

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Oil prices jump 5 percent on U.S.-China trade war ceasefire; Qatar to leave OPEC

December 3, 2018 admin Comments Off on Oil prices jump 5 percent on U.S.-China trade war ceasefire; Qatar to leave OPEC

Oil prices soared by around 5 percent on Monday after the United States and China agreed to a 90-day truce in their trade war, and ahead of a meeting this week by producer club OPEC that is expected to result in a supply cut.

…read more […]

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Asian shares, oil soar on Sino-U.S. trade truce

December 3, 2018 admin Comments Off on Asian shares, oil soar on Sino-U.S. trade truce

Asian shares rallied on Monday after U.S. and Chinese leaders brokered a truce in their trade conflict, a relief for the global economic outlook and a tonic for emerging markets and battered oil prices.

…read more […]

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Trump says China to cut tariffs on U.S.-made autos after trade war truce

December 3, 2018 admin Comments Off on Trump says China to cut tariffs on U.S.-made autos after trade war truce

China has agreed to “reduce and remove” tariffs below the 40 percent level that Beijing is currently charging on U.S.-made vehicles, U.S. President Donald Trump said, as a trade war truce between the two countries gathers pace, cheering markets.

…read more […]

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Asia’s outlook darkens as factory activity slips, new orders fall

December 3, 2018 admin Comments Off on Asia’s outlook darkens as factory activity slips, new orders fall

Asia’s economic prospects looked gloomy as factory activity and export orders weakened across the region in November, with analysts expecting no quick rebound amid simmering global trade frictions.

…read more […]

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Qualcomm sees no prospect for NXP acquisition

December 3, 2018 admin Comments Off on Qualcomm sees no prospect for NXP acquisition

U.S. smartphone chip manufacturer Qualcomm Inc considers the prospect of an acquisition of NXP Semiconductors as closed, the company said on Monday.

…read more […]

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China media welcomes U.S. trade truce, markets surge

December 3, 2018 admin Comments Off on China media welcomes U.S. trade truce, markets surge

Chinese state media gave a cautious welcome on Monday to the trade war truce agreed by China and the United States at the weekend, as Chinese shares, commodities and the yuan currency surged even as uncertainly remains about the deal.

…read more […]

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Trump says China has agreed to cut tariffs on U.S.-made autos

December 3, 2018 admin Comments Off on Trump says China has agreed to cut tariffs on U.S.-made autos

U.S. President Donald Trump said on Sunday that China had agreed to “reduce and remove” tariffs on U.S. cars below the 40 percent level that Beijing is currently charging on American-made vehicles.

…read more […]

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