Articles by admin

German luxury carmaker Daimler said all costs were under scrutiny after reporting a moderate start to the year and affirmed its full-year forecast.

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China’s three biggest airlines have requested compensation from U.S. planemaker Boeing Co for losses incurred by the grounding and delayed deliveries of 737 MAX jets, as regulators gather to discuss design changes for the troubled aircraft.

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Asian stocks struggled for traction on Wednesday, as relief over Washington’s temporary relaxation of curbs against China’s Huawei Technologies failed to offset deeper worries about an intensifying trade war between the world’s two largest economies.

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At 2.3 percent, Minneapolis’ jobless rate seems impossibly low, even with national unemployment at a 50-year trough.

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Further weakness in inflation could prompt the U.S. Federal Reserve to cut interest rates, even if economic growth maintains its momentum, James Bullard, President of the Federal Reserve Bank of St. Louis, said on Wednesday.

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Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and as Saudi Arabia pledged to keep markets balanced.

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Walmart Inc will meet large consumer goods companies and advertising firms for the first time in New York next week to pitch its advertising business, as the world’s largest retailer aims to rev up its website and stores as a platform for other companies to reach customers.

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Air China has formally asked Boeing Co for compensation over the grounding of its 737 MAX aircraft and delayed deliveries of its orders, the state TV China Central Television reported on Wednesday.

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Asian stocks were on shaky ground on Wednesday, as earlier relief over Washington’s temporary relaxation of curbs against China’s Huawei Technologies failed to offset deeper worries about trade frictions between the world’s two largest economies.

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Shenzhen-listed shares in Chinese video surveillance firm Hikvision Digital Technology Co Ltd opened 10% lower on Wednesday after reports that the U.S. may blacklist the firm.

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The U.S. administration is considering limits to Chinese video surveillance firm Hikvision’s ability to buy U.S. technology, the New York Times reported on Tuesday, deepening worries about trade frictions between the world’s two top economies.

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Brazil’s lower house of Congress voted on Tuesday to allow foreign-controlled airlines to operate domestic flights in Latin America’s largest economy, opening the door to more competition in an increasingly concentrated market.

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Wynn Resorts Ltd said on Tuesday the company has decided to stop talks with MGM Resorts International to sell its Encore Boston Harbor casino.

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A top U.S. business lobby in China said on Wednesday that nearly half of its members are seeing non-tariff barrier retaliation in China as a result of the increasingly bitter trade war between Beijing and Washington.

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Asian stocks were on shaky ground on Wednesday, as earlier relief over Washington’s temporary relaxation of curbs against China’s Huawei Technologies failed to offset deeper worries about trade frictions between the world’s two largest economies.

…read more […]