China and the United States have agreed to cancel in phases the tariffs imposed during their months-long trade war, the Chinese commerce ministry said on Thursday, without specifying a timetable.
There is more than a one-in-five chance that Britain remains in the European Union and there’s a greater likelihood of that outcome than a no-deal Brexit, said Peter Fitzgerald, head of multi-asset management at Aviva Investors.
FRANKFURT/BERLIN (Reuters) – Lufthansa flight attendants went on a 48-hour strike over pay and pensions on Thursday, forcing the biggest German airline to cancel hundreds of flights. Lufthansa on Wednesday announced it expected to cancel a total of 1,300 connections on Thursday and Friday, with 180,000 passengers affected. The departure table on Frankfurt airport’s website showed scores of canceled flights to European destinations and on transatlantic routes. …read more […]
Blockchain payments firm Ripple has said that “more than two dozen” customers use its On-Demand Liquidity (ODL) solution, which leverages XRP cryptocurrency to settle cross border payments.The post Ripple says ‘more than two dozen’ customers use its payments solution that leverages XRP appeared first on The Block. …read more […]
Oil prices rose on Thursday amid new hints from China on progress towards a trade deal with the United States, offsetting downward pressure from a huge increase in U.S. crude stockpiles.
China and the United States have agreed in the past two weeks to cancel tariffs imposed during their months-long trade war in different phases, the Chinese commerce ministry said on Thursday.
(Bloomberg) — U.S. and European stock futures jumped as America and China agreed to proportionally roll back tariffs on each other’s goods. Havens including Treasuries and the yen slipped.Contracts on the S&P 500 climbed after a Chinese Ministry of Commerce spokesman said the economic superpowers had agreed to roll back tariffs in phases, potentially providing a road-map to a deal to end the trade war. Equities in Japan closed with marginal gains, while shares in Hong Kong rebounded after the news. Earlier in the session, traders had focused on signs that a preliminary trade agreement may not happen this month …read more […]
China and the United States must simultaneously cancel some existing tariffs on each other’s goods for both sides to reach a “phase one” trade deal, the Chinese commerce ministry said on Thursday.
Toyota Motor Corp unveiled plans for a $1.8 billion share buyback on Thursday, after reporting a more-than-expected quarterly profit on better global sales and an improvement in its North American business.
Rakuten Inc’s quarterly operating profit was almost wiped out in the three months ended September as the value of its investment in ride-hailing firm Lyft slid. Earlier this week, Rakuten said it would book a 103 billion yen writedown on its 11% stake in Lyft Inc. Bets on the ride-hailing industry by Rakuten and its bigger rival SoftBank Group Corp, the largest shareholder in Uber Technologies, have soured amid a market sell-off of money-losing startups. …read more […]
In a glass-walled laboratory, chemists puff on vaping devices as they test liquid nicotine flavors. Nearby, staffers with cartons of instant noodles on their desks tap away at laptops, messaging suppliers and customers.
Deutsche Telekom on Thursday raised its guidance for core earnings this year as it posted solid third-quarter results, saying it planned to pay an annual dividend of 0.60 euros regardless of whether a proposed U.S. merger goes through. Europe’s largest telecoms operator now expects core earnings before interest, taxation, depreciation and amortization after leases (EBITDA AL) of 24.1 billion euros ($26.6 billion). Deutsche Telekom has been lifted by the strong performance of U.S. unit T-Mobile, whose proposed takeover of smaller rival Sprint is on hold pending a court hearing on Dec. 9 into a lawsuit brought by several …read more […]
In a glass-walled laboratory, chemists puff on vaping devices as they test liquid nicotine flavors. Here at the Shenzhen offices of e-cigarette start-up RELX Technology, workers scramble to keep pace with the rush of firms vying for sales in the world’s biggest tobacco market. Founded by former employees of Didi Chuxing, China’s answer to Uber, RELX aims to become China’s answer to Juul Labs Inc, the San Francisco startup that captured a huge share of the U.S. vaping market with a sleek and addictive e-cigarette. …read more […]
(Bloomberg) — Most analysts following South Africa expect it to lose its final investment-grade rating. But they disagree over when that might happen and what the consequences would be.The gloomiest reckon it would trigger more than $10 billion of outflows and cause the rand to weaken to its lowest level in almost four years.Others say investors have already priced in a downgrade and South African assets may even rise in the aftermath, especially if sentiment toward emerging markets stays strong.Moody’s Investors Service, which rates South Africa Baa3, one step above speculative grade, cut its outlook to negative on Nov. 1. …read more […]
Asian shares napped near multi-month peaks on Thursday while bonds eked out a bounce as reports of delays in sealing a preliminary Sino-U.S. trade deal left investors frustrated at the lack of concrete progress.
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