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Home2019February

Month: February 2019

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Business News

Wall Street opens higher as U.S.-China trade talks progress

February 15, 2019 admin Comments Off on Wall Street opens higher as U.S.-China trade talks progress

U.S. stocks opened higher on Friday as trade talks between the United States and China advanced, although worries of a cooling domestic economy kept a lid on gains.

…read more […]

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Business News

Factories to test world’s ‘delicate equilibrium’

February 15, 2019 admin Comments Off on Factories to test world’s ‘delicate equilibrium’

The world economy is caught in a “delicate equilibrium” between stabilization and a further downturn, according to Bank of England Governor Mark Carney, and that balance could look even shakier over the next few days.

…read more […]

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Weak U.S. import prices support tame inflation picture

February 15, 2019 admin Comments Off on Weak U.S. import prices support tame inflation picture

U.S. import prices fell for a third straight month in January, leading to the largest annual drop in nearly 2-1/2 years, the latest indication of tame inflation pressures.

…read more […]

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Trust in tailings? Vale dam disaster spurs investors into action

February 15, 2019 admin Comments Off on Trust in tailings? Vale dam disaster spurs investors into action

Seeking assurances from Brazilian miner Vale by phone after a second deadly dam disaster in three years is not enough for Sasja Beslik. He plans to fly there himself to get answers.

…read more […]

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U.S.-China trade talks to resume in Washington next week

February 15, 2019 admin Comments Off on U.S.-China trade talks to resume in Washington next week

Talks between China and the United States to resolve their bruising trade war will resume next week in Washington, with both sides saying this week’s negotiations in Beijing made progress.

…read more […]

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Take Five: The R-word – World markets themes for the week ahead

February 15, 2019 admin Comments Off on Take Five: The R-word – World markets themes for the week ahead

Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.

…read more […]

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Mexico to pump $3.6 billion into ailing oil firm Pemex in relief plan

February 15, 2019 admin Comments Off on Mexico to pump $3.6 billion into ailing oil firm Pemex in relief plan

Mexico’s government will inject $3.6 billion into ailing state-owned oil company Pemex, including by reducing taxes paid, company officials said on Friday, a move aimed at improving the firm’s balance sheet and preventing a further downgrade to its credit rating.

…read more […]

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U.S., Chinese officials to meet in Washington next week on trade

February 15, 2019 admin Comments Off on U.S., Chinese officials to meet in Washington next week on trade

Talks between China and the United States to resolve their bruising trade war will continue next week in Washington, with both sides saying this week’s negotiations in Beijing made good progress.

…read more […]

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Visa, Mastercard mull increasing fees for processing transactions: WSJ

February 15, 2019 admin Comments Off on Visa, Mastercard mull increasing fees for processing transactions: WSJ

Visa Inc and Mastercard Inc, the two biggest U.S. card networks, are preparing to increase certain fees levied on U.S. merchants for processing transactions that will kick in this April, the Wall Street Journal reported on Friday, citing people familiar with the matter.

…read more […]

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PepsiCo forecasts surprise drop in profit as it ramps up investments

February 15, 2019 admin Comments Off on PepsiCo forecasts surprise drop in profit as it ramps up investments

PepsiCo Inc forecast a surprise drop in full-year profit on Friday, as the snack and beverage company spent heavily on marketing and developing new products in a bid to claw back market share from Coca-Cola Co Inc.

…read more […]

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China says reached consensus on some key issues during U.S. trade talks

February 15, 2019 admin Comments Off on China says reached consensus on some key issues during U.S. trade talks

China and the United States reached a consensus in principle on some key issues during trade talks in Beijing, state news agency Xinhua reported on Friday.

…read more […]

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U.S., Chinese officials to meet next week in Washington on trade: White House

February 15, 2019 admin Comments Off on U.S., Chinese officials to meet next week in Washington on trade: White House

Officials from the United States and China will meet next week in Washington to continue working on a trade deal after having made progress in talks in Beijing this week, White House Press Secretary Sarah Sanders said in a statement on Friday.

…read more […]

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European shares climb after progress in U.S.-Sino trade talks

February 15, 2019 admin Comments Off on European shares climb after progress in U.S.-Sino trade talks

European shares rose on Friday amid encouraging signs from U.S.-China trade talks, after weak data from both countries sent world stocks into a dive.

…read more […]

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Exclusive: Trafigura halts oil trade with Venezuela – source

February 15, 2019 admin Comments Off on Exclusive: Trafigura halts oil trade with Venezuela – source

Global commodities firm Trafigura has decided to stop trading oil with Venezuela due to U.S. sanctions on the OPEC nation’s energy sector, a source with direct knowledge of the matter said.

…read more […]

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Xi says trade talks progress, more meetings next week in U.S

February 15, 2019 admin Comments Off on Xi says trade talks progress, more meetings next week in U.S

Talks between China and the United States this week made important progress, President Xi Jinping told top U.S. trade negotiators on Friday, adding that efforts would continue in Washington next week to resolve their bruising trade war.

…read more […]

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