Business News
Stock futures higher, Powell speech in focus
U.S. stock index futures rose on Friday, as investors awaited a speech from Federal Reserve Chair Jerome Powell for clues on the direction of monetary policy.
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Business News
Enbridge to buy Spectra Energy Partners for $3.3 billion
Enbridge Inc , Canada’s largest pipeline operator, said on Friday it would buy its U.S. master limited partnership Spectra Energy Partners for a sweetened $3.3 billion deal.
Business News
Dollar dips, global stocks inch up ahead of Powell speech
The dollar dipped on Friday, set for its biggest weekly decline since March as markets braced for a speech by Federal Reserve chair Jerome Powell for hints on the direction of monetary policy, while a gauge of global stocks inched higher.
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Why Is This the Only REIT in Warren Buffett’s Portfolio?
This stock has a big dividend yield, room to grow, and many other qualities Warren Buffett loves to see. …read more […]
Business News
Shelved Aramco IPO hits at heart of Saudi prince’s reforms
Saudi Arabia’s decision to shelve what was billed as the biggest share sale ever is a major blow to the credibility of Crown Prince Mohammed bin Salman but there are other ways to finance reforms to strengthen the economy, bankers and investors say.
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New IRS rule on deductions hits some high-tax states hard
New rules unveiled by the IRS undermine some states’ attempts to help residents keep a version of a popular federal income tax deduction. Last year’s Republican tax overhaul put a $10,000 cap on deductions for state and local income taxes, which could affect some high-earners in high-tax states. A handful of high-tax states sued the administration earlier this summer over the Republican tax law, which they say was in part politically motivated to attack Democratic-leaning states. …read more […]
Business News
Four Toyota group firms to form JV for self-driving tech: Nikkei
Four Toyota Motor Corp group firms will form a joint venture to combine their self-driving technologies to better compete with automotive component giants such as Bosch Group [ROBG.UL], the Nikkei business daily reported on Friday.
Business News
Siemens denies report it may cut 20,000 jobs
German engineering giant Siemens said a report by monthly Manager Magazin that it could cut 20,000 jobs as part of its Vision 2020+ strategy was “completely unfounded”.
Business News
Siemens denies report that it may cut 20,000 jobs
German engineering giant Siemens denied on Friday a report by German monthly Manager Magazin that said it could cut 20,000 jobs as part of its “Vision 2020” strategy.
Business News
Dollar downbeat ahead of Powell speech, stocks subdued
The dollar fell on Friday, set for its biggest weekly decline since March as markets braced for a speech by Federal Reserve chair Jerome Powell for hints on the direction of monetary policy, while a gauge of global stocks barely budged.
Business News
Tipping point? Inflation creep at Australia’s mines to erode margins
As Australia’s big miners gear up for a new round of expansion after years of belt tightening, prices for everything from labor to fuel to equipment have begun to rise, driving up costs and eating into margins.
Business News
Fighting to survive: Noble Group’s fate hangs on investors restructuring vote
Singapore-listed Noble Group Ltd faces a make-or-break shareholders’ meeting on Monday as investors vote on a $3.5 billion debt restructuring plan that its creditors and board say is vital to prevent insolvency.
Business News
Exclusive: China to keep hitting back at U.S. over trade, to boost government spending – finance minister
China will keep hitting back at Washington as more U.S. trade tariffs are imposed, but its counter-strikes will remain as targeted as possible to avoid harming businesses in China – whether Chinese or foreign, Finance Minister Liu Kun said.
Business News
Alibaba’s revenue jumps but investments to prolong margin squeeze
Alibaba Group Holding Ltd , China’s biggest e-commerce firm, warned on Thursday investments in its delivery business would keep pressuring profits even as it reported its strongest-ever quarterly revenue growth, largely in line with estimates.
Business News
China’s Huawei slams Australia 5G mobile network ban as ‘politically motivated’
Australia has banned Huawei Technologies Co Ltd [HWT.UL] from supplying equipment for a 5G mobile network citing national security risks, a move the Chinese telecoms gear maker criticized as being “politically motivated”.