Month: February 2019

Germany’s Economy Minister Peter Altmaier said on Tuesday the most difficult part in trade negotiations between Europe and the United States started now.

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British engineer Cobham said on Tuesday it would take an additional exceptional charge of 160 million pounds ($206 million) in relation to a dispute with Boeing over an aerial refueling program.

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Honda Motor Co Ltd said on Tuesday it would hold a news conference at 0800 GMT, a day after a British lawmaker said the Japanese car maker will announce the closure of its only British car plant.

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Goldman Sachs Group Inc’s Chairman and Chief Executive for the Asia-Pacific region excluding Japan, Ken Hitchner, is retiring from the company, Bloomberg reported on Tuesday, citing people with knowledge of the matter.

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HSBC Holdings Plc posted a disappointing profit growth as higher costs and a stocks rout took a toll on business, while cautioning that a weaker economic outlook for China and Britain would throw up further hurdles this year.

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Mexico’s new leftist government is betting on financial technology to help lift people out of poverty.

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Britons could face shortages of fresh food, price rises and less variety if the country leaves the European Union next month without agreeing trade terms, food industry officials say.

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Asian shares hovered near four-month highs on Tuesday as investors took heart from some progress in Sino-U.S. trade talks, while the yen slipped as the Japanese central bank said it won’t rule out further policy easing.

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HSBC Holdings Plc posted on Tuesday a 15.9 percent rise in 2018 profit, supported by business growth in its core markets of Asia and Britain, but market weakness in the fourth quarter resulted in the bank missing street estimates.

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Japanese car maker Honda is set to announce it’s closing its only British car plant in 2022 with the loss of 3,500 jobs, a lawmaker told Reuters, in the latest blow to the UK car industry as Brexit approaches.

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Mongolia has temporarily suspended operations of all KFC restaurants in the country to conduct an inquiry, as 42 people were hospitalized and hundreds showed food poisoning symptoms after eating at one of the outlets of the fast-food chain.

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Asian shares hovered near four-month highs on Tuesday, supported by hopes that Sino-U.S. trade talks were making progress and expectations of policy stimulus from central banks.

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Brent crude oil prices eased away from 2019 highs on Tuesday on caution that economic growth may dent fuel demand this year, although supply cuts led by producer cartel OPEC still meant markets were relatively tight.

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U.S. oil prices hit a three-month high on Tuesday, buoyed by production cuts led by the Organization of the Petroleum Exporting Countries.

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Asian shares hovered near a four-month peak on Tuesday, supported by hopes that Sino-U.S. trade talks were making positive progress and expectations of policy stimulus from central banks.

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