Crude steel production in China climbed to a record just shy of 1 billion tonnes in 2019, boosted by a resilient property market and robust demand as Beijing beefed up infrastructure spending in a bid to weather a slowdown in economic growth.
China’s economy grew 6.0% in the fourth quarter of 2019 from a year earlier, official data showed on Friday, in line with expectations and unchanged from the previous quarter’s pace.
Oil prices were steady on Friday as investors braced for data expected to show China’s economic growth last year slid to its slowest pace in 29 years, holding on to gains for now after Washington and Beijing inked a long-awaited trade deal. The impact of the trade row between Washington and Beijing last year is likely to show up in China’s official 2019 economic data, set to be released at 0200 GMT. …read more […]
Oil prices were steady on Friday as investors braced for data expected to show China’s economic growth last year slid to its slowest pace in 29 years, holding on to gains for now after Washington and Beijing inked a long-awaited trade deal.
Asian shares inched higher on Friday after global stock indexes and Wall Street posted more records, with strong corporate earnings and upbeat U.S. economic data adding to optimism after China and the U.S. signed a partial trade deal.
The U.S. Senate on Thursday approved a revamp of the 26-year-old North American Free Trade Agreement that includes tougher rules on labor and automotive content but leaves $1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged.
(Bloomberg) — Elon Musk’s suggestion for how to fix Twitter? Identify the bots.Musk, the SpaceX and Tesla Inc. chief executive officer, was asked Thursday by Twitter Inc. CEO Jack Dorsey how he would fix the social network, where Musk has almost 31 million followers.“Give us some direct feedback,” said Dorsey, who spoke to Musk via a video call from a company meeting in Houston. Musk was projected onto a giant screen as thousands of Twitter employees watched the two executives chat. “If you were running Twitter,“ Dorsey continued, “what would you do?”“I think it would be helpful to differentiate” between …read more […]
Four companies sued Facebook in U.S. federal court on Thursday for alleged anticompetitive conduct, saying the social network inappropriately revoked developer access to its platform in order to harm prospective competitors.
NBCUniversal’s new Peacock streaming service will offer free and $5-per-month options with advertising to try to win customers for its belated entry into the online video wars, the company announced on Thursday.
China is expected to report on Friday that economic growth slowed to its weakest in nearly three decades in 2019 amid a bruising trade war with the United States, and more stimulus steps are expected this year to help avert sharper slowdown.
Comcast Corp-owned NBCUniversal’s new Peacock service will offer free and $5-per-month options that include advertising to try to win customers for its belated entry into the streaming video wars, the company announced on Thursday.
Eli Lilly and Co aims to announce roughly one $1 billion to $5 billion deal every quarter in 2020, its chief financial officer told Reuters, as the U.S. drugmaker looks to build up its pipeline of future products.
Let’s start with some good news – according to Goldman Sachs’ chief global equity strategist Peter Oppenheimer, 2020 will see a continuation of last year’s surge. Oppenheimer believes 2019’s bull run was down to valuation expansion. If the history books are anything to go by, then 2020 will see a repeat of the trend.“Years of strong valuation expansion are generally followed by positive returns in the equity market, although typically at a slower pace. Moderate profit growth this year and higher starting multiples point to total returns in the high single digits for the asset class globally in 2020,” Oppenheimer …read more […]
A review of the firm’s latest quarterly letter Continue reading… …read more […]
(Bloomberg) — Nestle SA is introducing faux sausages to its meat-substitute lineup as competition for imitation meat spreads beyond burgers.The KitKat maker will start selling a pea protein-based sausage in the U.S. and a soy-based version in Europe this spring, the company said.The Swiss food giant joins rivals Impossible Foods Inc. and Beyond Meat Inc. in a race to offer plant-based meat alternatives after demand for vegan burgers exploded.“The burger was what you would call in the tech industry the killer app — it got the whole plant-based trend running,” Chief Executive Officer Mark Schneider said at a media event …read more […]
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