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Home2019February

Month: February 2019

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Business News

Wall St subdued with U.S.-China trade talks in focus

February 19, 2019 admin Comments Off on Wall St subdued with U.S.-China trade talks in focus

U.S. stocks struggled for direction on Tuesday after rallying strongly last week, as investors focused on the latest round of trade talks between the United States and China.

…read more […]

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Business News

Oil slips from 2019 high as economy worries weigh

February 19, 2019 admin Comments Off on Oil slips from 2019 high as economy worries weigh

Oil fell from its 2019 high of almost $67 a barrel on Tuesday as concerns about the progress of U.S.-China trade talks and slowing economic growth countered lower supplies.

…read more […]

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Business News

BHP CEO staying around to deal with tailings and transformation

February 19, 2019 admin Comments Off on BHP CEO staying around to deal with tailings and transformation

The chief executive of mining group BHP has no plans to quit and will focus on the “nuclear level of safety” needed to avoid any repeat of the Vale dam collapse in Brazil, as well as on transforming his own company.

…read more […]

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Business News

Wall St. opens lower as U.S.-China trade talks resume

February 19, 2019 admin Comments Off on Wall St. opens lower as U.S.-China trade talks resume

U.S. stocks opened lower on Tuesday after rallying strongly last week, as investors focused on the latest round of trade talks between the United States and China.

…read more […]

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Business News

Glencore to cut output, jobs at copper, cobalt mine in Congo: WSJ

February 19, 2019 admin Comments Off on Glencore to cut output, jobs at copper, cobalt mine in Congo: WSJ

Glencore Plc is planning to cut production at one of its largest copper and cobalt mining operations in the Democratic Republic of Congo, the Wall Street Journal reported, citing sources on Tuesday.

…read more […]

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Business News

Germany’s Altmaier: Cannot confirm report on government decision on Huawei

February 19, 2019 admin Comments Off on Germany’s Altmaier: Cannot confirm report on government decision on Huawei

German Economy Minister Peter Altmaier said on Tuesday he could not confirm a newspaper report saying Berlin was leaning toward letting China’s Huawei participate in building the nation’s high-speed internet infrastructure.

…read more […]

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HSBC warns on China, UK slowdowns as 2018 profit disappoints

February 19, 2019 admin Comments Off on HSBC warns on China, UK slowdowns as 2018 profit disappoints

HSBC warned it may have to delay some investments this year as Europe’s biggest bank missed 2018 profit forecasts due to slowing growth in its two home markets of China and Britain.

…read more […]

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Business News

Honda to close British car plant as Brexit looms

February 19, 2019 admin Comments Off on Honda to close British car plant as Brexit looms

Honda will close its only British car plant in 2021 with the loss of up to 3,500 jobs, a major departure of Japanese investment announced just over a month before the United Kingdom is due to leave the European Union.

…read more […]

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Business News

Tariff nerves wilt stocks, Swedish crown savaged by inflation slowdown

February 19, 2019 admin Comments Off on Tariff nerves wilt stocks, Swedish crown savaged by inflation slowdown

U.S. car tariff worries shunted Europe’s stocks off a four-month high on Tuesday, while Sweden’s crown was savaged by a slowdown in inflation less than two months after its central bank had dared to raise interest rates for the first time in seven years.

…read more […]

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UK PM May told Honda president she was disappointed by plant closure: spokesman

February 19, 2019 admin Comments Off on UK PM May told Honda president she was disappointed by plant closure: spokesman

British Prime Minister Theresa May spoke to the president of Honda to express her disappointment after the car manufacturer’s decision to shut a plant in England, May’s spokesman said on Tuesday.

…read more […]

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Business News

Walmart holiday quarter sales top estimates, shares jump

February 19, 2019 admin Comments Off on Walmart holiday quarter sales top estimates, shares jump

Walmart Inc reported an estimate-beating jump in holiday quarter comparable sales on Tuesday as a strong economy boosted consumer spending and fueled more e-commerce purchases, sending shares of the world’s larger retailer up almost 5 percent.

…read more […]

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Business News

Oil hovers below 2019 highs on OPEC cuts, trade talks in focus

February 19, 2019 admin Comments Off on Oil hovers below 2019 highs on OPEC cuts, trade talks in focus

Oil was close to its 2019 high of almost $67 a barrel on Tuesday, supported by OPEC-led supply cuts although gains were capped by concerns about slowing economic growth that could hit demand.

…read more […]

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Business News

Stock futures dip ahead of fresh U.S.-China trade talks

February 19, 2019 admin Comments Off on Stock futures dip ahead of fresh U.S.-China trade talks

U.S. stock index futures dipped on Tuesday, as investors started a holiday-shortened week on a cautious note ahead of a fresh round of trade talks between the United States and China.

…read more […]

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Business News

Get Brexit sorted out, UK business minister says after Honda plant decision

February 19, 2019 admin Comments Off on Get Brexit sorted out, UK business minister says after Honda plant decision

The United Kingdom must urgently end the uncertainty over its exit from the European Union so that businesses can have clarity about the future, business minister Greg Clark said just hours after Honda said it would close its car plant in Britain.

…read more […]

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Business News

Huawei founder says will not share data with China: CBS News interview

February 19, 2019 admin Comments Off on Huawei founder says will not share data with China: CBS News interview

Huawei Technologies Co Ltd’s founder and chief executive pledged not to share any customer information with the Chinese government and said it had never done so, in an interview with CBS News that aired on Tuesday.

…read more […]

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