21h02 The United Auto Workers
(UAW) will tell Congress on Thursday the union opposes the Trump
administration's proposal to freeze fuel efficiency requirements
at 2020 levels through 2026, according to written testimony.. . .
21h01 Wall Street rose on Wednesday after the
Federal Reserve held interest rates steady and signaled
potential cuts later this year, reassuring investors worried
that the U.S.-China trade war could stall economic growth.. . .
20h35 Slack Technologies Inc, whose
instant messaging app has taken workplaces by storm, is
scheduled to go public via a direct listing on June 20, instead
of the more popular initial public offering route.. . .
20h32 U.S. Treasury yields turned
lower on Wednesday after the Federal Reserve held interest rates
steady, as expected, but flagged possible rate cuts of as much
as half a percentage point later this year.. . .
20h25 U.S. oil refiner Phillips 66
is proposing a deepwater crude export terminal off the
U.S. Gulf Coast, the company said on Wednesday, challenging at
least eight other projects aiming to send U.S. shale oil. . .
20h11 The United States has told
India it is considering caps on H-1B work visas for nations that
force foreign companies to store data locally, three sources
with knowledge of the matter told Reuters, widening. . .
20h09 The U.S. Federal Reserve
held interest rates steady on Wednesday but signaled possible
rate cuts of as much as half a percentage point over the
remainder of this year, as it responded to increased. . .
20h00 The United States has
sanctioned a Russian financial institution for allegedly helping
North Korea evade financial sanctions by assisting a company
linked to Pyongyang's primary foreign exchange bank, the U.S.
Treasury Department said on Wednesday.. . .
19h58 A gasoline cargo is set to
make a rare voyage to Australia from the U.S. Gulf Coast as
swelling stockpiles have suppressed regional prices, opening up
this unusual arbitrage opportunity, sources familiar with the
matter. . .
19h01 U.S. companies in everything from
computer chips to tractors have said President Donald Trump's
trade wars, including disputes with Beijing and global steel
tariffs, have had an impact on them.. . .
18h31 Concerns about a weakening
global economy prompted investors to send nearly $11.9 billion
into U.S. taxable and municipal bond mutual funds and
exchange-traded funds last week, the largest net inflows of any
week since February,. . .
17h29 U.S. oil stockpiles fell
across the board last week, with crude inventories dropping more
than expected and refined products posting surprise drawdowns
due to a rise in refining and crude exports, and drop in. . .
17h28 Russian private equity fund
Baring Vostok said on Wednesday it has ceded a 9.99% stake in
Vostochny Bank to the lender's other big shareholder following a
legal battle, meaning it is no longer the. . .
17h16 Energy major Total said
its new supercomputer - which has propelled it to a world
ranking as the most powerful computer in the sector - will
enable its geologists to find oil faster, cheaper. . .
16h30 Global oil consumption rose last
year at the slowest rate since 2014, as higher prices and broad
deceleration in manufacturing activity and freight movements
took their toll on fuel use and petrochemicals.. . .
16h28 Canada's main stock index was subdued on
Wednesday, as investors adopted a cautious approach ahead of the
Federal Reserve's policy statement that could open the door to
future interest rate cuts.. . .
16h08 Harley-Davidson Inc will partner
with China's Qianjiang Motorcycle Co to build a new smaller
motorcycle than its trademark "big hogs", making good on
promises to move more production outside the United States that
have angered. . .
15h54 The U.S. Federal Reserve
should be independent and not under the influence of President
Donald Trump in setting monetary policy, House of
Representatives Speaker Nancy Pelosi said on Wednesday.. . .
15h44 The trade war between Beijing and
Washington has stoked concern in financial markets that China
might opt to weaponize its holdings of more than $1.1 trillion
worth of U.S. Treasuries in retaliation for the. . .
15h33 U.S. House of
Representatives Speaker Nancy Pelosi on Wednesday outlined
several key impediments to congressional approval of a
U.S.-Mexico-Canada trade agreement, as Canadian Prime Minister
Justin Trudeau was set to arrive in Washington to push. . .
15h28 The Pentagon's Defense Security
Cooperation Agency (DSCA) has executed $44.15 billion in U.S.
foreign arms sales through June 19, and the agency's director
said he was optimistic the total for the full year would. . .
15h06 A group of Chinese firms have
jointly established a rare earths innovation centre in the
country's Hebei province as part of a plan to develop a
manufacturing base in the region, according to the. . .
15h01 OPEC's month-long
wrangle over a date for its next meeting has highlighted a
changing dynamic in the group with decisions increasingly driven
by long-time leader Saudi Arabia in tandem with non-OPEC Russia,
angering member states. . .
14h12 Apple Inc has asked its major
suppliers to assess the cost implications of moving 15%-30% of
their production capacity from China to Southeast Asia as it
prepares for a restructuring of its supply chain,. . .
13h16 Chicago corn fell for a second session
on Wednesday, pulling away from a five-year high struck at the start of the week
as investors assessed the consequences of a rain-disrupted U.S. planting
campaign that. . .
12h31 China's Commerce Ministry said
on Wednesday it is launching an anti-dumping investigation
imports of a synthetic rubber product from the United States,
South Korea and the European Union following a request from
major petrochemical producers.. . .
11h43 U.S. energy company Anadarko has
approved the construction of a $20 billion gas liquefaction and export terminal
in Mozambique, reflecting a global boom in LNG trade.
Its announcement late on. . .
10h25 Tokopedia, an Indonesian
e-commerce site backed by SoftBank and Alibaba
, said on Wednesday it generated a record $1.3 billion
in gross merchandise volume (GMV) during Ramadan sale, amid
soaring demand for online retail.. . .
10h20 U.S. financial services firm
Jefferies has hired well-known Australian banking
analyst Brian Johnson from rival broker CLSA, adding to more
than two dozen others who have been poached from the
Asia-focused broker, local media reported. . .
10h05 The United States has fined
several companies for exporting goods via a Chinese-owned
special economic zone in Cambodia in a bid to dodge President
Donald Trump's tariffs on Chinese imports, a U.S. Embassy
official told. . .
09h42 French startup Meero, which
offers online editing and production tools for photographers,
has raised $230 million in a boost for the country's technology
and start-up scene that President Emmanuel Macron hopes will
boost the overall. . .
09h35 China stocks closed higher on
Wednesday as Washington and Beijing looked to rekindle trade
talks and confirmed that Presidents Donald Trump and Xi Jinping
would meet later this month at the G20 summit.. . .
08h52 China's Ministry of Commerce
said on Wednesday it will maintain anti-dumping and anti-subsidy
tariffs on imports of U.S. distillers grains (DDGs), a
by-product of ethanol production used in animal feed, after
closing a review launched. . .
04h26 Japan's exports fell for a sixth straight month
in May as China-bound shipments of semiconductor manufacturing equipment and car
parts weakened, in a sign of a deteriorating outlook for growth as the
trade-reliant economy. . .
01h00 Japan's economy is likely to stop
expanding this year and into next with the Sino-U.S. trade war
and a planned sales tax hike expected to crimp activity, a
Reuters poll of Japanese companies found,. . .
00h41 Adobe Inc beat analysts'
estimates for quarterly profit and revenue on Tuesday, driven by
growth in its digital media business that houses its flagship
product Creative Cloud, sending its shares up 4.6% after market.. . .
00h08 Heavy crudes have poured into
the United States this spring, offsetting the loss of Venezuelan
oil and producing a mini-surplus, with Canadian heavy crude this
month being exported from the U.S. Gulf Coast.. . .
18/06 President Donald Trump on
Tuesday kept up pressure on the head of the Federal Reserve to
lower interest rates, following a report that White House
lawyers earlier this year explored whether they could legally
strip. . .
18/06 U.S. Senator Bob Menendez
began the formal process on Tuesday of blocking a White House
plan for $8 billion in military sales to Saudi Arabia and the
United Arab Emirates without the consent of. . .
18/06 The United States is expected to
be open to negotiations on an "enforceable mechanism" that could
allow European planemaker Airbus to receive government funding
on commercial terms and ease the risk of tit-for-tat sanctions,
two. . .
18/06 China will block pork imports
from a third Canadian firm after a shipment was found to contain
the banned feed additive ractopamine, the customs agency said on
Tuesday, deepening a trade and diplomatic dispute. . .
18/06 The U.S. Securities and
Exchange Commission said on Tuesday it is considering boosting
the number of options in private stock sales by broadening
access to more potential investors and revamping the
capital-raising process of private. . .
18/06 Wall Street surged on Tuesday and the
S&P 500 approached a record high after Washington rekindled
trade talks with Beijing, boosting sentiment along with growing
investor confidence that the Fed will cut interest rates. . .
18/06 President Donald Trump on Tuesday kept
up the pressure on the head of the Federal Reserve following a
report that lawyers at the White House earlier this year
explored the legality of stripping Jerome. . .
18/06 U.S. corn futures declined on
Tuesday as government data showing a rain-delayed planting
campaign was nearing an end encouraged a pause in a rally that
took prices to a five-year high a day earlier.. . .
18/06 Alphabet Inc's Google
announced on Tuesday it would set aside $750 million in land and
$250 million in financing to spur developers in the San
Francisco Bay Area to build at least 20,000 homes. . .
18/06 Airbus' defence division
is looking for new partners to expand its presence in the
growing U.S. space market, and could potentially build
components for a lunar programme there, Airbus Defence and Space
Chief Executive Dirk. . .
18/06 Acting U.S. Defense Secretary Patrick
Shanahan has withdrawn from consideration to head the U.S.
military, President Donald Trump said on Tuesday, making
Shanahan the latest of dozens of senior figures to leave the
high-turnover Trump. . .
18/06 U.S. Treasury yields plunged
on Tuesday, in line with the European market, after European
Central Bank President Mario Draghi hinted at more stimulus if
regional inflation fails to pick up toward its target.. . .
18/06 Farmers may need a third round
of government aid next year if political in-fighting during the
2020 U.S. election cycle prevents the Trump administration from
landing trade deals and reopening top export markets, the. . .
18/06 Cotton prices rose on Tuesday to hit a
two-week high on renewed optimism that the trade dispute between
the United States and China may be resolved as Washington said
it would rekindle trade talks. . .
18/06 U.S. tariffs on Chinese
goods may not be enough to force Beijing to make the economic
reforms demanded by the United States, but the trade barriers
are the only recourse given dialogue has failed,. . .
18/06 U.S. homebuilding fell in
May, but groundbreaking activity in the prior two months was
stronger than previously thought, pointing to some tentative
signs of improvement in the struggling housing market.. . .
18/06 The United States wants to
continue trade discussions with China that focus on structural
changes and enforcement mechanisms when talks continue late this
month during the G20 summit in Japan, White House economic
adviser Larry. . .
18/06 Bayer AG has asked a
California judge to overrule a $2 billion verdict by jurors who
found the company's glyphosate-based Roundup weed killer
responsible for a couple's cancer, arguing the jury decision was
not supported. . .
18/06 Russian state gas giant Gazprom
is awaiting the formation of a Ukrainian government
before starting talks with Kiev on extending a deal to transit
Russian gas across Ukraine to Europe, a senior company official
said. . .
18/06 U.S. homebuilding unexpectedly
fell in May, but data for the prior two months was revised
higher and building permits increased, suggesting that the
housing market was drawing some support from a sharp decline in
mortgage. . .
18/06 Archer Daniels Midland Company
plans to cut 127 staff at its recently acquired Neovia
animal feed business in France to eradicate job duplication, the
head of the group's animal nutrition department said on Tuesday.. . .
investors expect an aggressive set of U.S. interest rate cuts
this year, and a voluble president pines for the “old days” when
his predecessors bullied central bankers to get their way.. . .
18/06 The mood among German investors
deteriorated sharply in June, a survey showed on Tuesday, with
the ZEW institute pointing to recent weak economic data and an
escalating trade dispute between China and the United. . .
18/06 India will examine concerns
raised by foreign technology companies around stringent rules to
store data locally, the government said on Tuesday, an issue
that has upset firms such as Mastercard and also irked
the U.S.. . .
18/06 Infineon Technologies
raised 1.545 billion euros ($1.74 billion) in an
accelerated capital increase to help fund the cost of its
planned acquisition of Cypress Semiconductor, it said
late on Monday.. . .
18/06 Bank of Japan Governor Haruhiko
Kuroda said the central bank will "certainly" debate heightening
overseas risks at a rate review this week, underscoring concerns
among policymakers about the economic fallout of a U.S.-China
trade war.. . .
18/06 Coles Group Ltd
, Australia's second-biggest grocery chain, on Tuesday
unveiled a plan to cut A$1 billion ($685 million) in costs over
the next four years, as it looks to technology to offset rising
labour. . .
17/06 This year's holiday
season could be tighter for many Americans if the U.S.
government imposes tariffs on another $300 billion worth of
Chinese imports - because that will include tech products, game
consoles, toys, cribs,. . .
17/06 U.S. Senator Marco Rubio
filed legislation on Monday that would prevent Huawei
Technologies Co Ltd from seeking damages in U.S.
patent courts, after the Chinese firm demanded that Verizon
Communications Inc pay $1 billion. . .
17/06 A wide range of U.S.
companies told a hearing in Washington on Monday that they have
few alternatives other than China for producing clothing,
electronics and other consumer goods as the Trump administration
prepares new. . .
17/06 U.S. corn futures touched a
five-year high on Monday and soybeans advanced, supported by
forecasts for more rains in the Midwest where wet conditions
have delayed plantings and cast doubts on production prospects,
analysts said.. . .
17/06 Wall Street edged higher on Monday,
supported by Facebook, Amazon and Apple, as investors awaited a
key Federal Reserve meeting that is expected to lay the
groundwork for an interest rate cut later this. . .
17/06 Canadian Prime Minister
Justin Trudeau this week is set to meet with Democratic Speaker
of the House Nancy Pelosi and the U.S. Senate majority leader
Mitch McConnell, a Republican, in a bid to fast-track. . .
17/06 Franco-Israeli cable
magnate Patrick Drahi made a surprise move into the art world by
snapping up Sotheby's in a deal worth $3.7 billion,
marking the art auction house's return to private ownership
after 31 years.. . .
17/06 Siltronic, a
German maker of wafers used to make silicon chips, became the
latest firm in the semiconductor industry to warn that U.S.
restrictions on exports to China would hit sales and
profitability.. . .
17/06 U.S. Treasury yields fell on
Monday in choppy trading, weighed down by softer-than-expected
U.S. economic data and persistent pressure from the trade
conflict with China, as investors brace for this week's Federal
Reserve monetary policy. . .
17/06 U.S. oil output from seven
major shale formations is expected to rise by about 70,000
barrels per day (bpd) in July to a record 8.52 million bpd, the
U.S. Energy Information Administration said in. . .
17/06 The largest-known U.S.
uranium deposit will remain firmly under ground after the
Supreme Court on Monday upheld Virginia's ban on mining the
radioactive metal, rebuffing a challenge backed by President
Donald Trump's administration to the. . .
17/06 Deutsche Bank plans
to dramatically reduce the size of its U.S. equities business,
leaving only a skeleton operation in place to service corporate
and high-net-worth clients, three sources familiar with the
matter told Reuters.. . .
17/06 The White House will not
invite Israeli government officials to a Bahrain conference
devoted to gaining support for a Palestinian economic plan in
order to keep the event apolitical, a senior administration
official said on. . .
17/06 U.S. pipeline operator
Enterprise Products Partners LP is looking to sell its
50% stake in a recently-completed South Texas crude export
terminal, according to a marketing document viewed by Reuters.. . .
17/06 The White House does not
plan to invite Israeli government officials to a Bahrain
conference devoted to gaining support for a Palestinian economic
revitalization plan in order to keep the event apolitical, a
senior administration. . .
17/06 Infineon Technologies
said on Monday it was launching an accelerated
capital increase to raise 1.5 billion euros ($1.68 billion)
towards the cost of its planned acquisition of Cypress
Semiconductor.. . .
17/06 Iran's oil minister met his
Russian counterpart in Iran on Monday, industry sources said,
raising hopes of progress in resolving an impasse over when OPEC
and its allies will hold their next policy gathering.. . .
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