Nomura analysts see a high likelihood further negotiations between the United States and China will be needed before a final trade deal is reached, dragging out a dispute between the world’s two biggest economies that has kept investors on edge.
Wendy’s Co reported better-than-expected quarterly revenue and profit on Wednesday, as the U.S. burger chain benefited from higher royalty fees and the launch of its premium burgers that come with avocado, bacon and barbecue chicken.
World shares tumbled towards five-week lows on Wednesday as renewed trade tensions and concern over the strength of the global economy drove investors to the safety of bonds and the Japanese yen, with the latter hitting a six-week high against the dollar.
U.S. stock index futures fell on Wednesday, ahead of a crucial round of trade negotiations between the United States and China this week.
Tesla Inc said on Wednesday it closed its $2.7 billion offering of stock and convertible notes and that it was over-subscribed, giving the electric carmaker much needed cash as it ramps up production.
Burger chain Wendy’s Co reported better-than-expected quarterly revenue on Wednesday, as it collected more royalties from its franchises and its line of premium burgers that come with avocado, bacon and barbecue chicken attracted more diners.
Investor disappointment at Lyft Inc’s growth outlook underscores the pressure for rival Uber Technologies Inc to show potential backers of its initial public offering that it can expand services such as food delivery even as its core ride-hailing slows down.
Huawei Chief Financial Officer Meng Wanzhou is set to appear in a Canadian court on Wednesday to begin what is expected to be a long legal battle against the United States’ request that she be extradited to face fraud charges.
Australia’s competition regulator on Wednesday said it opposed the proposed merger between TPG Telecom Ltd and Vodafone Group’s Australian unit because it would reduce competition, particularly in mobile services.
Thomson Reuters Corp on Wednesday reported a rise in quarterly sales and reaffirmed its forecast for the rest of this year and 2020.
Two top Japanese automakers said they planned to tighten their belts in the years ahead to free up cash to develop electric cars and ride-sharing services, underscoring the hard task ahead as traditional automakers face a rapidly changing industry.
Canada’s Enbridge is asking oil shippers to sign at least eight-year contracts to move crude on its Mainline pipeline network, as it proposes to shift away from a monthly allocation system, people with knowledge of the matter told Reuters.
The world’s biggest diversified miners have yet to see their share prices reflect their role as providers of the minerals needed for a shift to a low-carbon economy.
Uber drivers in Britain started a day of transatlantic strikes on Wednesday to protest at the disparity between gig-economy conditions and the sums investors are likely to make in Friday’s blockbuster stock market debut.
The diplomatic cable from Beijing arrived in Washington late on Friday night, with systematic edits to a nearly 150-page draft trade agreement that would blow up months of negotiations between the world’s two largest economies, according to three U.S. government sources and three private sector sources briefed on the talks.
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