US Business

Toll Brothers profit beat clouded by weakness in orders

00h29 Toll Brothers Inc reported a better-than-expected quarterly profit on higher home prices, but its shares fell as orders declined, hinting at weaker demand for new homes.. . .  Full story

Trump White House seeks to assuage farmer unrest over biofuel policy -sources

00h10 President Donald Trump's administration has been scrambling to stem the tide of rising anger in Farm Belt states after its decision this month to allow numerous oil refiners to mix less ethanol into their gasoline,. . .  Full story

Trump, advisers looking at ways to boost U.S. economy as markets fear recession

00h01 Even as they reject talk of a looming recession, President Donald Trump and his advisers are examining ways to provide a boost to the U.S. economy should it be deemed necessary, officials said.. . .  Full story

Toll Brothers earnings beat on higher home prices

20/08 Toll Brothers Inc reported a better-than-expected quarterly profit as increased home prices cushioned the luxury homebuilder from higher costs and choppy demand for new homes.. . .  Full story

State Dept approves possible $8 billion fighter jet sale to Taiwan -Pentagon

20/08 The U.S. State Department has approved a possible $8 billion sale of F-16 fighter jets to Taiwan, the Defense Security Cooperation Agency said on Tuesday in an official notification to Congress.. . .  Full story

Imports of Chinese steel racks injure U.S. industry -U.S. ITC

20/08 Subsidized steel rack imports from China have materially harmed U.S. industry, the U.S. International Trade Commission found on Tuesday, locking in the Trump administration's duties on such products in the worsening U.S.-China trade war.. . .  Full story

Walmart sues Tesla over fires at stores fitted with its solar panels

20/08 Walmart Inc sued Tesla Inc , saying solar panels supplied by the electric car maker were responsible for fires at about seven of its stores, according to a lawsuit filed in a New York. . .  Full story

Wheat slides on ample world supplies, dragging corn lower

20/08 U.S. wheat futures fell to a three-month low on Tuesday, pressured by ample global supplies and technical selling, analysts said. Corn futures also hit a three-month low, turning down as wheat. . .  Full story

DoubleLine's Jeffrey Gundlach says Federal Reserve has lost control

20/08 The Federal Reserve has lost control of interest rates as evidenced by the federal funds rate trading higher than any part of the U.S. Treasury yield curve, Jeffrey Gundlach, the chief executive of DoubleLine. . .  Full story

New Zealand's a2 Milk annual profit jumps as China demand persists

20/08 New Zealand's a2 Milk on Wednesday posted a 47% jump in annual profit, boosted by higher demand for its infant formula and dairy products in China and market share gains in the United States.. . .  Full story

Avaya considers outright sale as alternative to Mitel merger -sources

20/08 Telecommunications equipment and software vendor Avaya Holdings Corp is considering an all-cash offer from private equity firm Clayton Dubilier & Rice LLC (CD&R) as an alternative to a potential merger with Mitel Networks Corp, people. . .  Full story

General Electric stock drop attracts more short-sellers -S3 Partners

20/08 Betting against General Electric Co stock has increased in the last week as the stock has fallen following a report by fraud investigator Harry Markopolos that questioned the conglomerate's accounting, financial analytics firm S3 Partners. . .  Full story

Wall Street rally ends as financial shares slide

20/08 Financial shares led U.S. stocks lower on Tuesday to end a three-day rally as investors awaited comments from Federal Reserve Chair Jerome Powell at the end of the week.. . .  Full story

As trade war drags on, new Bunge CEO looks to avoid 'stroke-of-the-pen' risk

20/08 A year removed from a losing bet that the U.S.-China trade war would be promptly resolved, global grains trader Bunge Ltd is facing an even more uncertain business environment, with a new chief executive. . .  Full story

Trump looking at possible U.S. payroll, capital gains tax cuts

20/08 President Donald Trump on Tuesday said his administration was looking to cut U.S. taxes on wages and on profits from selling assets such as stocks, but that he was not talking about doing anything. . .  Full story

Boeing hiring as it targets 737 MAX fights resuming ‘early 4th quarter’

20/08 Boeing Co said on Tuesday it plans to add extra staff and hire "a few hundred" temporary employees at an airport in Washington state where it is storing many grounded 737 MAX jetliners, a. . .  Full story

Trump says he had to 'take China on,' regardless of short-term impact on U.S. economy

20/08 President Donald Trump on Tuesday said he had to confront China over trade even if it caused short-term harm to the U.S. economy because Beijing had been cheating Washington for decades.. . .  Full story

General Electric insurance called 'risky' by Fitch; shares fall again

20/08 General Electric Co ranks among the riskiest backers of long-term care insurance, suffering from both high exposure to claims and a relatively small cash pile to pay them, Fitch Ratings said in a report. . .  Full story

Trump White House tries to assuage farmer unrest over biofuel policy -sources

20/08 President Donald Trump's administration has been scrambling to stem the tide of rising anger in Farm Belt states after its decision this month to allow numerous oil refiners to mix less ethanol into their gasoline,. . .  Full story

U.S. regulators hand Wall Street a major win with stripped-down 'Volcker Rule'

20/08 U.S. banking regulators on Tuesday eased trading regulations for Wall Street banks, giving them one of their biggest wins under the Trump administration but drawing criticism from consumer activists who warned of potential risks to. . .  Full story

Yields fall as Fed minutes, Powell speech in focus

20/08 U.S. Treasury yields fell on Tuesday as the prospect of more central bank easing boosted demand for government debt, while concerns about Italy’s government and Britain’s tumultuous exit from the European Union fueled safe-haven buying.. . .  Full story

Teva launches generic version of EpiPen for young children

20/08 Teva Pharmaceutical Industries Ltd on Tuesday made its generic version of Mylan's EpiPen for young children available in most retail pharmacies at $300 for a 2-pack.. . .  Full story

U.S. removed almost 2.7 mln barrels daily of Iranian oil from market -Pompeo

20/08 The United States has removed nearly 2.7 million barrels of Iranian oil from global markets daily as a result of Washington's decision to reimpose sanctions on all purchases of Iran's crude, U.S. Secretary of. . .  Full story

Home Depot beats quarterly profit estimates, warns of tariff impact

20/08 Home Depot Inc beat quarterly profit estimates on Tuesday as it sold more big-ticket items to high-spending builders and handymen, while flagging the potential impact of U.S. President Donald Trump's ongoing trade tussle with China. . .  Full story

TJX posts rare same-store sales miss as competition stiffens

20/08 TJX Cos Inc forecast third-quarter profit below expectations and reported quarterly same-store sales that missed estimates for the first time in more than a year, as the discount store operator faces intense competition from online. . .  Full story

Sarepta shares sink 14% after shock FDA rejection

20/08 Shares of Sarepta Therapeutics Inc plunged 14% on Tuesday after the U.S. health regulator, in an unexpected move, declined to approve the drugmaker's newest treatment for a muscle-wasting disorder that mainly affects young boys.. . .  Full story

Kohl's cuts 2019 margin forecast on tariffs, first half promotions cost  

20/08 Kohl's Corp forecast a steeper decline in full-year profit margin despite better-than-expected quarterly earnings, because of the cost of more aggressive promotions in the first half and potential hit from new tariffs on imports from. . .  Full story

Medtronic hits record high as profit beats, raises annual profit outlook

20/08 Medtronic Plc beat analysts' estimates for quarterly profit on Tuesday, boosted by higher demand for its surgical instruments and diabetes devices, and the medical device maker raised its forecast for full-year adjusted profit as well.. . .  Full story

Cigna seeks sale of group benefits insurance business -sources

20/08 U.S. health insurer Cigna Corp is exploring a sale of its group benefits insurance business, which could be valued at as much as $6 billion, four people familiar with the matter said on Tuesday.. . .  Full story

Hedge fund manager Kyle Bass sees "shallow recession" potentially in 2020- CNBC

20/08 Hedge fund manager Kyle Bass told CNBC on Tuesday that he sees a "shallow recession" potentially in 2020, also adding that he thinks U.S. interest rates will follow the global interest rates all the. . .  Full story

Delivery robot firm Starship raises $40 million

20/08 Starship Technologies, a company set up by two founders of video messaging business Skype, has raised another $40 million to expand its delivery robot business, it said on Tuesday.. . .  Full story

U.S. crude export window slams shut as new pipelines start

20/08 Two long-awaited pipelines out of the busiest U.S. shale patch started shipping oil to Gulf Coast export hubs last week - just as U.S. crude barrels suddenly do not look all that attractive to. . .  Full story

TSX snaps two-session winning streak as energy shares weigh

20/08 Canada's main stock index dropped after two straight sessions of gains on Tuesday, as energy shares mirrored a drop in oil prices on persisting concerns over demand.. . .  Full story

Pompeo: 'No mixed messages' from U.S. on Huawei

20/08 U.S. Secretary of State Mike Pompeo said on Tuesday the United States was not sending "mixed messages" on Huawei Technologies and he does not believe a U.S. blacklist of the Chinese telecommunications giant will block. . .  Full story

DBS Bank to enter India's credit card market next year

20/08 Southeast Asia's biggest bank DBS Group Holdings is preparing to enter the local credit card market in India in 2020, a senior company executive said on Tuesday.. . .  Full story

Oil market starts to rebalance at lower prices: Kemp

20/08 Global oil consumption is falling at the fastest rate for almost five years as manufacturing activity and trade flows slip around the world and vehicle production tumbles.. . .  Full story

U.S. yield curve: Invert, steepen, repeat

20/08 A swift steepening of the U.S. 2-year/10-year yield curve after it inverted last week may have given investors hope that the United States can escape recession. They should probably take a breath.. . .  Full story

Russia, China and S.Korea vie for Bulgarian nuclear project

20/08 State run energy companies from Russia, China and South Korea are among seven groups interested in becoming strategic investors in Bulgaria's Belene nuclear power project, the Balkan nation's energy minister said on Tuesday.. . .  Full story

Huawei founder details "battle mode" reform plan to beat U.S. crisis

20/08 China's Huawei will spend more on production equipment this year to ensure supply continuity, cut redundant roles and demote inefficient managers as its grapples with a "live-or-die moment" in the wake of U.S. export curbs,. . .  Full story

China's new paraxylene plants on stream through 2023

20/08 China is starting up a total of 10 million tonnes of new plants making paraxylene, a chemical used to make synthetic textile fibre and bottles, from March 2019 to March 2020.. . .  Full story

Oil Search on tenterhooks over Total's Papua New Guinea gas deal

20/08 Oil Search warned on Tuesday that costs for a $13 billion plan to double gas exports from Papua New Guinea could rise if talks on a gas agreement between the government and Total SA. . .  Full story

Seadrill beats profit guidance as rig demand picks up

20/08 Seadrill beat its second-quarter core earnings guidance and forecast a further improvement in the third quarter as a pick up in offshore oil drilling boosts the rig operator's recovery from the brink of bankruptcy.. . .  Full story

Nikkei gains as trade tensions ease; Apple suppliers, chip-related shares outperform

20/08 Japan's Nikkei rose for a third straight day on Tuesday as investors tiptoed back into equities amid signs of a slight easing of trade tensions between the United States and China.. . .  Full story

China pig farmer profits soar after disease wipes out third of herd, boosts prices

20/08 Pig breeders in China who have managed to keep fatal African swine fever off their farms since outbreaks began a year ago are now set to reap rewards, with some in line for record. . .  Full story

Nikkei inches higher; Apple suppliers, chip-related shares outperform

20/08 Japanese shares edged up on Tuesday as investors tiptoed back into equities, amid signs of a slight easing of trade tensions between the United States and China and continued hopes for fresh stimulus moves. . .  Full story

Trump urges India and Pakistan to reduce tensions in call with leaders

20/08 U.S. President Donald Trump spoke with the leaders of India and Pakistan on Monday, discussing prospects for improved trade ties with Washington and stressing the need to reduce tensions over Kashmir between the nuclear-armed neighbors.. . .  Full story

Visa critical of India's move towards no-fee debit card transactions

20/08 Global card payments group Visa is critical of the Indian government's decision to boost adoption of electronic payments by requiring banks and card payment networks to offer no-fee debit card transactions, a senior Visa. . .  Full story

General Electric fortifies defense against charges of bogus accounting

20/08 General Electric Co reinforced its defense of its accounting practices on Monday after investors asked more questions about an unusual research report last week that accused the jet engine and power plant maker of financial. . .  Full story

Top U.S. CEOs say companies should put social responsibility above profit

19/08 Corporate America is responsible for providing economic benefits to all, not just its investors, the Business Roundtable group said on Monday.. . .  Full story

Wall Street rallies on hopes of global economic stimulus

19/08 U.S. stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell.. . .  Full story

Corn, soybean futures slide on beneficial U.S. weekend rains

19/08 U.S. corn futures fell 1.6% on Monday and soybean futures also declined after much-needed rains crossed dry areas of the Corn Belt over the weekend, bolstering crop production prospects, analysts said.. . .  Full story

Yields rise as Treasury considers ultra-long bonds

19/08 U.S. Treasury yields rose on Monday after the Treasury Department late on Friday said it was gauging market interest in ultra-long-dated debt, and as risk sentiment improved. The Treasury said it. . .  Full story

Fed's Rosengren says cutting rates could worsen next downturn -Bloomberg

19/08 Boston Federal Reserve Bank President Eric Rosengren on Monday signaled no willingness to support further interest rate cuts, saying that U.S. economic conditions are still good and that easing policy could encourage a worrying debt. . .  Full story

Gold sheds 1% as risk appetite recovers

19/08 Gold prices fell more than 1% on Monday as concerns eased that major economies could tip into recession, boosting investors' affinity for risk and detracting from bullion's safe-haven allure.. . .  Full story

Prime Minister Modi tells Trump hopeful India, US will meet soon to discuss trade

19/08 Indian Prime Minister Narendra Modi told U.S. President Donald Trump that he is hopeful that representatives from the two countries will meet again soon to discuss trade issues, the government said in a statement. . .  Full story

China CNPC suspends Venezuelan oil loading, worried about U.S. sanctions -sources

19/08 China National Petroleum Corp, a leading buyer of Venezuelan oil, has halted August loadings following the latest U.S. sanctions on the South American exporter, three sources with direct knowledge of the matter told Reuters on. . .  Full story

U.S. grants Huawei another 90 days to buy from American suppliers

19/08 The United States will extend a reprieve that permits China's Huawei Technologies to buy components from U.S. companies to supply existing customers, the Commerce Department said on Monday, but it also moved to. . .  Full story

Washington cannot influence China's decisions on Hong Kong- Global Times tabloid

19/08 The United States cannot influence China's decisions in handling the situation in Hong Kong, China's influential state-controlled tabloid Global Times said http://bit.ly/30fJ7p7 late on Monday.. . .  Full story

Facebook contractor hikes pay for Indian content reviewers

19/08 Facebook contractor Genpact has raised minimum wages for the content moderation teams it runs for the Silicon Valley firm in India, the latest sign of improvement for workers after reports of stressful conditions at the. . .  Full story

Bulgaria nuclear project attracts China and S.Korea interest-sources

19/08 State-run companies from China and South Korea have applied to be strategic investors in Bulgaria's revived Belene nuclear project, two industry sources familiar with the process said on Monday after Russia's Rosatom said it wanted. . .  Full story

Estee Lauder sees no slowdown in China, forecasts robust fiscal 2020

19/08 Estee Lauder Cos Inc on Monday forecast full-year revenue and profit above Wall Street expectations, putting to bed concerns of slowing demand in China due to trade tensions and Hong Kong protests as sales. . .  Full story

TSX gains on energy lift, stimulus hopes

19/08 Canada's main stock index rose on Monday, led by energy companies, as sentiment was buoyed by signs of an interest rate reform in China that raised hopes that major economies would act to counter. . .  Full story

Russian wheat prices follow global benchmarks lower

19/08 Prices of Russian wheat exports fell last week after a higher than expected U.S. Department of Agriculture (USDA) estimate of this year's U.S. corn crop caused a sharp slide in Chicago grain futures, a. . .  Full story

Hedge funds sell oil as global economy slows: Kemp

19/08 Hedge funds cut their bullish positions in petroleum last week for the second week running as anxiety about the slowing global economy and oil consumption trumped optimism over production restraint by OPEC and its allies.. . .  Full story

U.S. Commerce Secretary Ross downplays fears of recession

19/08 U.S. Commerce Secretary Wilbur Ross on Monday added to a chorus of presidential officials downplaying concerns over a looming recession after the U.S. Treasury yield curve temporarily inverted last week for the first time in. . .  Full story

S.Korean activist fund KCGI eyes Asiana Airlines stake, shares soar

19/08 South Korea's activist fund KCGI, the second-largest shareholder in the parent company of Korean Air Lines Co Ltd, said it was looking to buy a controlling stake in Asiana Airlines, helping send shares of the. . .  Full story

Japan's exports slip for 8th month, sales to China drop as recession fears grow

19/08 Japan's exports slipped for an eighth month in July, while manufacturers' confidence turned negative for the first time in over six years as China-bound sales slumped again in a fresh sign the Sino-U.S. trade. . .  Full story

COLUMN-U.S. auto sector outlook is softening: Kemp

19/08 U.S. motor manufacturing has been a rare bright spot amid a worldwide slowdown in the auto sector and a cooling in the rest of U.S. industry, but there are signs U.S. automakers could now. . .  Full story

U.S. President Trump does not want to do business with China's Huawei

19/08 U.S. President Donald Trump on Sunday said he did not want the United States to do business with China's Huawei even as the administration weighs whether to extend a grace period for the company.. . .  Full story

Apple CEO warns Trump about China tariffs, Samsung competition

19/08 President Donald Trump said on Sunday that he had spoken with Apple Inc's Chief Executive Tim Cook about the impact of U.S. tariffs on Chinese imports as well as competition from South Korean company. . .  Full story

Trump 'not ready' for China trade deal, dismisses recession fears

19/08 U.S. President Donald Trump and top White House officials dismissed concerns that economic growth may be faltering, saying on Sunday they saw little risk of recession despite a volatile week on global bond markets,. . .  Full story

White House says no recession in sight, pushes China trade talks

18/08 White House officials pushed back on Sunday against concerns that economic growth may be faltering, saying they saw little risk of recession despite a volatile week on global bond markets, and insisting their trade war. . .  Full story

Wall St Week Ahead-Lower rates could boost housing stocks, but risks remain

18/08 Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to. . .  Full story

China's Ganfeng closes deal to raise stake in Argentina lithium project

18/08 China's Ganfeng Lithium said on Sunday it had completed a $160 million deal to raise its stake in the Cauchari-Olaroz lithium brine project in Argentina to 50%.. . .  Full story

Russia says no plans to install new missiles unless U.S. deploys them

18/08 Russia will not deploy new missiles as long as the United States shows similar restraint in Europe and Asia, Russian defence minister Sergei Shoigu said on Sunday, after Washington's withdrawal from a Soviet-era arms pact.. . .  Full story

Alibaba and the $15 bln question: Amid Hong Kong's protests, when to list?

17/08 Hong Kong's political unrest is posing a dilemma for Alibaba Group Holding Ltd on the timing of its planned $15 billion listing in the city, with sources saying China's biggest e-commerce company is now considering. . .  Full story

U.S. set to give Huawei another 90 days to buy from American suppliers -sources

17/08 The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar. . .  Full story

China's Ninebot unveils scooters that drive themselves to charging stations

17/08 Segway-Ninebot Group, a Beijing-based electric scooter maker, on Friday unveiled a scooter that can return itself to charging stations without a driver, a potential boon for the burgeoning scooter-sharing industry. Ninebot said Uber and Lyft, the ride-hailing. . .  Full story

Court leaves PG&E with sole right to submit bankruptcy plan

17/08 A federal judge on Friday allowed PG&E Corp to retain the sole rights to propose a plan to exit bankruptcy, as he rejected efforts by investors to put forward competing plans, according to court. . .  Full story

Trump says he is having dinner Friday with Apple CEO Cook

17/08 U.S. President Donald Trump said he was having dinner on Friday with Chief Executive Officer Tim Cook of Apple Inc, a company the president has criticized for not manufacturing more of its products in. . .  Full story

U.S. removes some Chinese furniture, modems from planned 10% tariffs

17/08 The Trump administration is sparing some Chinese-made household furniture, baby items and internet modems and routers from its next rounds of 10% tariffs, it said on Friday.. . .  Full story

Edwards Lifesciences, Medtronic heart valves win U.S. approval for expanded use

17/08 Heart valve systems from Edwards Lifesciences Corp and Medtronic Plc have been approved for use in a condition that restricts blood flow from the heart in patients at low-risk of death linked to open-heart surgeries,. . .  Full story

U.S. corn, soy, wheat futures rise but post big weekly losses

16/08 U.S. corn, soybean and wheat futures rose on Friday on a technical rebound as traders evened up positions after the grains market posted sharp declines during the week.. . .  Full story

Apollo Global approached media company Tegna for a deal earlier this year - WSJ

16/08 Private equity firm Apollo Global Management has approached TV station operator Tegna Inc about a sale earlier this year, the Wall Street Journal reported, citing people familiar with the matter.. . .  Full story

Surprise rate cut in Mexico 'no use' for growth in short term

16/08 The Mexican central bank's surprise interest rate cut on Thursday is likely to have a limited impact at best on lifting growth this year after the sluggish economy narrowly avoided recession in the first. . .  Full story

Palo Alto executive VP of worldwide sales steps down

16/08 Palo Alto Networks Inc said on Friday its executive vice president of worldwide sales, Dave Peranich, is stepping down after three years in the cyber security company.. . .  Full story

Tyson Foods slaughterhouse fire ignites U.S. beef prices

16/08 Margins for U.S. beef processors climbed to a record high on Friday as the closure of a Tyson Foods Inc slaughterhouse due to a damaging fire last week fueled concerns about a shortage of. . .  Full story

Wall Street ends sharply higher on German stimulus optimism

16/08 U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market, closing the book on a tumultuous week.. . .  Full story

CME hog futures plunge daily limit on demand concerns

16/08 CME lean hog futures fell sharply on Friday, with the most-active October contract notching a limit down move as traders worried that seasonal growth in supplies will outstrip demand.. . .  Full story

Vessels from Venezuela can still transit Panama Canal -authority

16/08 The Panama Canal will allow vessels coming from Venezuela to transit the waterway provided they present the necessary paperwork, the canal authority's chief said on Wednesday, suggesting a new round of U.S. sanctions on the. . .  Full story

Oil rises alongside equities, but downbeat OPEC outlook caps gains

16/08 Oil prices on Friday rebounded from a two-day drop, alongside equities as expectations of further stimulus by central banks helped to ease recession concerns.. . .  Full story

Amazon.com defeats IRS appeal in U.S. tax dispute

16/08 Amazon.com Inc on Friday defeated an appeal by the U.S. Internal Revenue Service in what the online retailer has called a $1.5 billion dispute over its tax treatment of transactions with a Luxembourg subsidiary.. . .  Full story

Yields rise on German fiscal stimulus hopes

16/08 Benchmark U.S. Treasury yields rose on Friday on a report that Germany may be open to running a deficit to boost growth, while stronger stock markets also reduced demand for safe haven debt.. . .  Full story

Trump held conference call with big bank CEOs amid market turmoil -source

16/08 President Donald Trump held a conference call on Wednesday with the chief executives of the three largest Wall Street banks as financial markets were in turmoil, one source with direct knowledge of the matter. . .  Full story

Deforestation in Brazil, vote in Argentina endanger EU-Mercosur pact

16/08 Brazil's backsliding on Amazon conservation under right-wing President Jair Bolsonaro and a likely Peronist return to power in Argentina could delay or even derail ratification of an EU-Mercosur trade agreement that took two decades to. . .  Full story

U.S. drillers add oil rigs for first week since June -Baker Hughes

16/08 U.S. energy firms this week increased the number of oil rigs operating for the first time in seven weeks despite plans by most producers to cut spending on new drilling this year.. . .  Full story

Deere to slash costs after trade war hits earnings

16/08 Deere & Co. on Friday announced a review of costs after a combination of the U.S.-China trade war and bad weather dented its quarterly profits, forcing the company to trim its full-year earnings forecast for. . .  Full story

U.S. housing market mired in weakness; consumer sentiment ebbs

16/08 U.S. homebuilding fell for a third straight month in July amid a steep decline in the construction of multi-family housing units, but a jump in permits to a seven-month high offered hope for the. . .  Full story

OPEC sees bearish oil outlook for rest of 2019, points to 2020 surplus

16/08 OPEC delivered a downbeat oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals pump more, building a case to. . .  Full story

TSX bounces as techs rise, slowdown concerns ease

16/08 Canada's main stock index attempted to bounce back from a two-day slide on Friday, as expectations of further stimulus from global central banks eased concerns of an economic slowdown.. . .  Full story

U.S. auto sector outlook is softening: Kemp

16/08 U.S. motor manufacturing has been a rare bright spot amid a worldwide slowdown in the auto sector and a cooling in the rest of U.S. industry, but there are signs U.S. automakers could now. . .  Full story

U.S. housing starts drop for third straight month

16/08 U.S. homebuilding fell for a third straight month in July amid a steep decline in the construction of multi-family housing units, but a jump in permits to a seven-month high offered hope for the. . .  Full story