If you’re feeling edgy about where your investments are headed next year, you’re not alone. The professionals are anxious, too. …read more […]
Top Indian electricity generator NTPC has rejected the emissions-cutting technology of GE and other foreign firms for its coal-fired plants, documents show, shutting them out of an estimated $2 billion in orders. Despite struggling with some of the world’s worst air pollution levels, India has already pushed back a deadline to cut emission levels to up to 2022, after extensive lobbying by power producers who cited high costs and technical difficulties. The rejection of the foreign technology comes at a time when over half of coal-fired plants in India are already set to miss a phased deadline …read more […]
China on Thursday criticized 41 apps including Tencent messaging app QQ and Sina’s sports app for allegedly forcing users to hand over personal data, part of an ongoing campaign to boost digital privacy protections. Tencent’s app made it hard to deactivate accounts and required users to authorize access to a broad range of data, the industry and information technology ministry said. …read more […]
(Bloomberg) — Asian stocks drifted lower after the year’s biggest run-up, though investors largely shrugged off the vote in the U.S. House to impeach President Donald Trump. American futures were flat.Equities dipped in Tokyo, Sydney and Hong Kong. They were flat in Seoul. Australia’s dollar climbed after job gains beat forecasts for November and the unemployment rate fell. Ten-year Treasury yields held around 1.90% after rising Wednesday. Shanghai stocks were largely unchanged in early trading after the central bank mounted another liquidity injection in advance of what’s typically a cash squeeze around year-end.Global stocks are close to all-time highs, though …read more […]
Asian shares pulled back from a one-and-a-half year peak on Thursday as investors booked profits ahead of holiday trade and awaited further data on the state of the global economy.
Swatch Group threatened on Wednesday to pursue damages after it said the Swiss competition authority COMCO wants to prohibit the world’s biggest watch maker from supplying watch mechanisms to other companies during 2020.
With a track record of streamlining Peugeot’s portfolio of vehicles, engines and platforms and offering generous layoffs Carlos Tavares has a ready-made manual for combining France’s most profitable carmaker with Fiat Chrysler (FCA). FCA, which is merging with Peugeot owner PSA in a $50 billion combination, has so far failed to reach sustainable profitability for its small passenger car business in Europe, something which Tavares found a successful formula for at Opel and Peugeot, which are both heavily exposed to the segment. Before Tavares took on Peugeot in 2014 it was loss-making, requiring a capital injection from the …read more […]
The dollar took in stride the impeachment of U.S. President Donald Trump on Thursday while its Australian counterpart rallied after a surprise fall in the country’s unemployment rate.
President Donald Trump was impeached in the sharply divided House of Representatives Wednesday on overwhelmingly partisan votes for what Democrats say was an effort to get Ukraine to investigate one of Trump’s potential rivals in the 2020 election. Trump was impeached on two articles, one for abuse of power and one for obstruction of Congress, with critics alleging he tried to stymie the House’s investigation into his request to the Ukrainian president to investigate Joe Biden and his son Hunter. The question now goes to the Republican-controlled Senate in a trial on the charges. …read more […]
(Bloomberg) — A defining moment in the history of the oil-refining and shipping industries is at hand.In fewer than two weeks, thousands of ships the world over will be forced to use fuel containing less sulfur in order to comply with global rules set out by the International Maritime Organization. Those who don’t could face penalties and even imprisonment. Ports are deploying drones to — literally — sniff out wrongdoers. The regulations are having a profound effect on oil refineries and the cost of seaborne trade looks set to rise.What’s the big deal? For decades, shipping has been the oil …read more […]
Asian shares edged higher on Thursday amid growing confidence in the global outlook following improving economic indicators and a preliminary trade deal between the United States and China.
The New Zealand dollar bounced from a one-week low on Thursday after the country’s third quarter economic growth came in stronger than expected while greenback traders awaited a vote to impeach U.S. President Donald Trump.
All 29 McDonald’s Peru locations will remain closed until its local operator Arcos Dorados Holdings Inc completes inspections following the deaths of two teenaged employees at the weekend, the franchisor said in a statement on Wednesday.
Dec.18 — Sunny Bangia, deputy portfolio manager at Antipodes Partners, talks about Chinese stocks and the yuan. He speaks with Paul Allen and Shery Ahn on “Bloomberg Daybreak: Australia.” …read more […]
The S&P 500 ended a five-day winning streak on Wednesday as investors’ optimism about global economic growth was countered by a steep drop in FedEx Corp shares, but the benchmark index managed to hover near all-time highs.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
