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Oil steady after G20 warns of risks to growth
Oil prices stabilized on Monday as worries over production losses were outweighed by concerns that trade disputes would reduce economic growth and hit global energy demand.
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Business News
China says threats, intimidation on trade will never work
Threats and intimidation on trade will never work on China, its foreign ministry said on Monday, after U.S. President Donald Trump said he was ready to impose tariffs on all $500 billion of imported goods from the country.
Business News
Saudi Aramco aims to buy controlling stake in SABIC: sources
Saudi Aramco aims to buy a controlling stake in petrochemical maker SABIC , possibly taking the entire 70 percent stake owned by Saudi Arabia’s sovereign wealth fund, two sources familiar with the matter told Reuters.
Business News
New Fiat Chrysler boss set to stay on course in post-Marchionne era
Fiat Chrysler’s new boss, Mike Manley, faces the task of executing his predecessor’s plan to ramp up production of SUVs and catch up on electric cars to keep the world’s seventh-largest carmaker competitive in the absence of a merger.
Business News
Mortgage, Groupon and card debt: how the bottom half bolsters U.S. economy
By almost every measure, the U.S. economy is booming. But a look behind the headlines of roaring job growth and consumer spending reveals how the boom continues in large part by the poorer half of Americans fleecing their savings and piling up debt.
Business News
China probes stainless steel imports from Indonesia, EU, Japan and Korea
China on Monday launched an anti-dumping probe into stainless steel imports worth $1.3 billion, including from a privately owned Chinese mill with operations offshore, after complaints that a flood of product has damaged the local industry.
Business News
Papa John’s adopts rights plan to limit founder’s stake
Papa John’s International Inc on Sunday adopted a shareholder rights plan, or a “poison pill”, with a 15 percent trigger to deter existing stockholders from amassing a controlling stake in the company.
Business News
Oil prices fall on demand concerns as G20 warns of risks to growth
Oil prices fell on Monday because of increasing concerns about fuel demand after finance ministers and central bank governors from the G20 warned that global economic growth risks have increased amid rising trade and geopolitical tensions.
Business News
Asian stocks ease, dollar near two-week lows on Trump comments
Asian shares dipped on Monday on fears of more protectionist measures from the United States while the dollar declined against major currencies after U.S. President Donald Trump criticized the Federal Reserve’s tightening policy.
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Tesla reportedly asked suppliers for cash back to help it reach profitability
In an unusual move, Tesla has reportedly asked some suppliers to return part …read more […]
Trading Ideas
After a week of walkbacks, Trump returns to Russia doubting
Trump spent days trying to reassure the country that he accepts that the longtime foe interfered in the 2016 election after his public undermining of U.S. intelligence agencies in Helsinki while standing alongside Russian President Vladimir Putin. “So President Obama knew about Russia before the Election,” Trump tweeted. It was not immediately clear whether Trump was suggesting that the entire notion of Russian interference — U.S. intelligence agencies unanimously concur it took place and Trump reluctantly accepted their assessment amid the firestorm — was fraudulent, or just the investigation of potential collusion by Trump associates with Russian agents. …read more […]
Business News
China launches probe into stainless steel imports from EU, Japan, South Korea, Indonesia
China’s Commerce Ministry said on Monday it has launched an anti-dumping probe into imports of stainless steel billet and hot-rolled stainless steel sheet and plate from the European Union, Japan, South Korea and Indonesia.
Business News
BOC Aviation to buy 17 Airbus aircraft worth $2.2 billion
BOC Aviation Ltd said on Monday it would buy 17 new Airbus A320NEO and A321NEO aircraft worth a combined $2.2 billion at list prices.
Business News
Oil prices mixed as G20 warns of risks to growth
Oil prices were mixed on Monday as finance ministers and central bank governors from the G20 warned that risks to global growth have increased with rising trade and geopolitical tensions among other vulnerabilities.
Business News
Dollar dips, stocks slip on Trump remarks
The dollar declined on Monday against major currencies to its lowest in more than two weeks after U.S. President Donald Trump criticized the Federal Reserve’s tightening policy, while stocks slipped on fears of further trade protectionist measures.