Trading Ideas
Caterpillar Inc. (NYSE:CAT) Passed Our Checks, And It's About To Pay A US$1.03 Dividend
Some investors rely on dividends for growing their wealth, and if you’re one of those dividend sleuths, you might be… …read more […]
Year: 2020
Business News
BlackRock threatens backlash against firms who delay climate change action
BlackRock Chief Executive Larry Fink has warned company boards to step up efforts to tackle climate change or face increased wrath from investors concerned about how unsustainable business practices might curb their future wealth.
Business News
Rally hits the buffers ahead of U.S.-China trade deal
Europe’s markets were struck by a bout of weakness on Tuesday, as traders cashed in on recent record highs and waited for a long-awaited U.S.-China trade deal and the first flurries of the Wall Street earnings season.
Trading Ideas
China to ramp up U.S. car, aircraft, energy purchases in trade deal-source
Under the terms of the trade deal to be signed on Wednesday in Washington, China would also buy over $50 billion more in energy supplies, and boost purchases of U.S. services by about $35 billion over the same two-year period, the source told Reuters on Monday. The Phase 1 agreement calls for Chinese purchases of U.S. agricultural goods to increase by some $32 billion over two years, or roughly $16 billion a year, said the source, who was briefed on the deal. …read more […]
Business News
Yuan soars, yen falls as U.S. drops China FX manipulator label
The Japanese yen plumbed eight-month lows while China’s yuan climbed to its highest level since July on Tuesday as the U.S. Treasury Department reversed its decision in August to designate China as a currency manipulator.
Business News
Yuan, stocks rally as investors bet on imminent U.S.-China deal signing
Asian shares rose, China’s yuan jumped and safe-harbor assets slipped on Tuesday, amid signs of goodwill between China and the United States, as the world’s two biggest economies prepared to sign a truce in their bitter trade war.
Trading Ideas
Business News
Ahead of Bezos visit, India antitrust chief says e-commerce firms shouldn’t offer heavy discounts
Big e-commerce firms should not offer steep discounts, must disclose discounting policies and ensure they do not drive brick-and-mortar rivals out of business, India’s antitrust chief said as his commission launched a probe into Amazon.com and Walmart’s Flipkart.
Business News
UK’s Johnson says Huawei critics need to suggest alternatives
British Prime Minister Boris Johnson said those opposed to the use of equipment made by China’s Huawei in the UK’s new 5G networks need to say what alternative technology should be used instead.
Trading Ideas
An 1,800-Word Ramble Won't Save Siemens's Soul
(Bloomberg Opinion) — “If I’d had more time,” the French mathematician Blaise Pascal once wrote, “I’d have written with more brevity.” Joe Kaeser, the chief executive officer of German industrial giant Siemens AG, should have heeded that dictum.His 1,800-word open letter this week explaining Siemens’s decision to provide rail signaling for the controversial Carmichael coal project in Australia must count as one of the strangest pieces of executive communication since Elon Musk last opened his mouth. Almost twice the length of “The Love Song of J. Alfred Prufrock,” it’s a stream-of-consciousness that veers in the space of a few paragraphs …read more […]
Business News
France expects Renault to name new CEO in few days: minister
French Finance Minister Bruno Le Maire said on Tuesday he expected carmaker Renault to name its new chief executive in a few days.
Business News
China’s 2019 iron ore imports rise to second-highest ever
China’s iron ore imports rose 0.47% in 2019 to hover just below their all-time annual peak, fueled by strong demand at steel mills and a second-half recovery in shipments from big miners after disruptions earlier in the year.
Business News
China’s 2019 trade surplus with U.S. narrows to $295.8 billion vs $323.3 billion in 2018
China’s trade surplus with the United States for December stood at $23.18 billion, Reuters calculation based on Chinese customs data showed on Tuesday, narrowing slightly from the $24.6 billion surplus posted for November.
Business News
China’s 2019 annual crude imports set record for 17th year
China’s crude oil imports in 2019 surged 9.5% from a year earlier, setting a record for a 17th straight year, as demand growth from new refineries built last year propelled purchases by the world’s biggest importer, data showed on Tuesday.
Business News
China’s December soybean imports surge on year as cargoes clear customs
China’s soybean imports in December surged 67% from a year earlier to a 19-month-high, customs data showed on Tuesday, as a flurry of U.S. and Brazilian cargoes booked earlier cleared customs.