US Business

Uber agrees to pay VAT in Egypt -tax chief

19/02 Uber [UBER.UL] has agreed to pay value-added tax on its services in Egypt, Egyptian officials said on Monday, a move that may help resolve a long-simmering feud with traditional taxi drivers.  Full story

Oil ticks over near 2019 highs amid OPEC cuts, but economic slowdown applies brakes

04h59 Oil prices hovered close to 2019 highs on Thursday, bolstered by OPEC-led supply cuts and U.S. sanctions on Venezuela and Iran, but were prevented from rising further by slowing growth in the global economy.. . .  Full story

Wheat prices inch up from 7-mth low, but soybeans edge down

04h54 U.S. wheat futures on Thursday inched further away from a seven-month low touched in the previous session, but gains were checked as North American supply struggled to attract strong international demand.. . .  Full story

Japan auto lobby hopes Trump makes 'appropriate decision' on trade

04h48 Japan's auto industry lobby on Thursday called on U.S. President Donald Trump to make an "appropriate decision" on trade rules governing imported vehicles, repeating its stance that Japanese-made cars posed no threat to U.S. national. . .  Full story

France's Wendel to sell 40 pct stake in Allied Universal to Canada fund

04h17 French investment firm Wendel SE said on Thursday it would sell about 40 percent of its equity stake in security services company Allied Universal to Caisse de dépôt et placement du Québec (CDPQ) at. . .  Full story

Controversial Alaska gold-copper mine moves step closer to approval

03h13 The world's biggest undeveloped gold and copper mining project, planned in southwestern Alaska near the largest fishery for sockeye salmon globally, moved a step closer to approval on Wednesday after the U.S. Army Corps of. . .  Full story

COLUMN-Saudi Arabia resumes familiar role as swing producer: Kemp

03h00 Saudi Arabia has resumed its traditional role as the swing producer, sharply reducing its own output to tighten the oil market and push prices higher.. . .  Full story

Southwest shares drop as mechanics dispute escalates

01h50 Southwest Airlines Co's shares fell more than 5 percent on Wednesday after the low-cost U.S. carrier said it was investigating whether a conflict with its mechanics union was leading to a spike in flight. . .  Full story

Lyft plans to launch its IPO roadshow week of March 18 -sources

00h14 Lyft Inc plans to launch the roadshow for its initial public offering during the week of March 18, making it the first U.S. ride-hailing company to debut in the stock market, people familiar with. . .  Full story

Albemarle bullish on lithium outlook after 4th quarter profit

20/02 Albemarle Corp, the world's largest lithium producer, posted a higher-than-expected quarterly profit on Wednesday and gave a bullish 2019 outlook, saying it sees nothing that could slow demand for the white metal used to make. . .  Full story

Wall St ends up slightly as Fed minutes support cautious stance

20/02 U.S. stocks ended higher on Wednesday after minutes from the Federal Reserve's last meeting reaffirmed for investors that the U.S. central bank would be "patient" with respect to further interest rate hikes.. . .  Full story

Corona maker Constellation looking to offload some wine brands

20/02 Corona maker Constellation Brands Inc said on Wednesday it was looking to sell some of its lower-end wine brands, as it concentrates on the more profitable high-end segment.. . .  Full story

Lyft plans to launch IPO roadshow week of March 18 -sources

20/02 Lyft Inc plans to launch the roadshow for its initial public offering (IPO) during the week of March 18, making it the first U.S. ride-hailing company to debut in the stock market, people familiar. . .  Full story

Fed flags end to balance sheet runoff, patience on rates

20/02 The Federal Reserve on Wednesday signaled they will soon lay out a plan to stop letting go of $4 trillion in bonds and other assets, but policymakers are still debating how long their newly. . .  Full story

U.S. health spending to rise 5.5 pct per year over next decade - CMS

20/02 U.S. health spending is expected to grow at an average rate of 5.5 percent every year from 2018 over the next decade and will reach nearly $6 trillion by 2027 as more people become. . .  Full story

CVS profit miss, rebate questions send shares tumbling 8 pct

20/02 CVS Health Corp on Wednesday forecast 2019 profit well below Wall Street estimates due to weakness in its pharmacy business that serves long-term care facilities and slower than anticipated growth in drug prices, sending shares. . .  Full story

U.S. judge dismisses boys' lawsuit against Trump climate rollbacks

20/02 A federal judge has dismissed a lawsuit by two Pennsylvania boys and an environmental group seeking to stop U.S. President Donald Trump from rolling back regulations addressing climate change, saying the court does not. . .  Full story

Yields rise after FOMC minutes show 2019 hikes still possible

20/02 U.S. Treasury yields on Wednesday ticked up modestly after the publication of minutes from the Federal Reserve's January policy meeting showed committee members were undecided on whether to hike interest rates again this year.. . .  Full story

CBOT wheat plunges to 7-month low, soybeans rebound

20/02 Chicago Board of Trade wheat futures plunged yet again on Wednesday as traders fretted over lagging U.S. exports despite them being competitively priced in the global market.. . .  Full story

Trump threatens tariffs on European cars if no EU trade deal

20/02 President Donald Trump on Wednesday said the United States would impose tariffs on European car imports if it cannot reach a trade deal with the European Union.. . .  Full story

Cotton futures flat with focus on trade talks, USDA report

20/02 ICE cotton futures were mostly unchanged on Wednesday, as investors looked forward to the weekly exports sales report by the U.S. Department of Agriculture (USDA) and kept a close watch on U.S.-China trade talks. . .  Full story

Southwest shares drop as mechanics labor dispute escalates

20/02 Southwest Airlines Co's shares fell as much as 6 percent on Wednesday after the low-cost carrier said it was investigating whether a conflict with its mechanics union was leading to a spike in flight. . .  Full story

Garmin shares surge 15 pct as new direction fuels strong forecast

20/02 Garmin Ltd on Wednesday forecast full-year revenue and profit above expectations along with strong fourth-quarter results, sending its shares up 15 percent to their highest in more than a decade.. . .  Full story

White House readies panel to question security risks of climate

20/02 The White House is readying a presidential panel that would question U.S. military and intelligence reports showing human-driven climate change poses risks to national security, according to a document seen by Reuters on Wednesday.. . .  Full story

HollyFrontier profit beats, shares slip on weak lubricant sales

20/02 U.S. oil refiner HollyFrontier Corp's quarterly profit beat was overshadowed by weak performance in its lubricants and specialty products business, sending its shares down as much as 4 percent on Wednesday.. . .  Full story

Kinder Morgan to expand Chicago ethanol hub to calm glut concerns -sources

20/02 Kinder Morgan Inc will expand barge-loading capacity at its ethanol terminal in Chicago to help relieve a supply glut there that is driving down global prices for the biofuel, three people briefed on the company's. . .  Full story

Bristol-Myers says Starboard nominated five directors, bought shares

20/02 Bristol-Myers Squibb Co said on Wednesday that activist hedge fund Starboard Value LP intends to nominate five directors to the U.S. drugmaker's board, one month after it announced a $74 billion deal to acquire. . .  Full story

Tesla's top lawyer leaves two months into the job

20/02 Tesla Inc said on Wednesday its general counsel Dane Butswinkas is leaving the electric carmaker just two months into the job, the latest in a string of top-level departures at the company.. . .  Full story

Saudi Arabia resumes familiar role as swing producer: Kemp

20/02 Saudi Arabia has resumed its traditional role as the swing producer, sharply reducing its own output to tighten the oil market and push prices higher.. . .  Full story

Credit Suisse loses bid to dismiss lawsuit in U.S. over writedowns

20/02 A U.S. judge has rejected Credit Suisse Group AG's bid to dismiss a lawsuit accusing the Swiss bank of defrauding shareholders about its risk appetite and risk management before taking $1 billion of writedowns on. . .  Full story

TSX moves higher as gold powers gains in material stocks

20/02 Gains in material companies pulled higher Canada's main stock index on Wednesday, as gold prices rose on hopes of a trade deal between the United States and China.. . .  Full story

Steve Cohen's venture firm invests in U.S. cybersecurity company

20/02 Billionaire investor Steve Cohen's Point72 Ventures has invested in a U.S. cybersecurity firm that will provide a way to detect, alert, and protect against data- and identity-related attacks, according to one of the venture capital. . .  Full story

Dollar LIBOR posts biggest rise in two months

20/02 A key barometer of interbank borrowing costs recorded its biggest rise in two months on Wednesday, reversing three days of declines tied to expectations the U.S. Federal Reserve will refrain from raising interest rates. . .  Full story

Tesla executive departures since 2016

20/02 Tesla Inc on Wednesday announced the departure of its general counsel Dane Butswinkas, just two months into the job, the latest in a string of senior level exits from the electric carmaker.. . .  Full story

COLUMN-Coal going from winner to loser in India's energy future: Russell

20/02 India's demand for electricity is expected to double in the next two decades, and coal has been long forecast to be the fuel of choice for power generation. But this may no longer be. . .  Full story

Hedge funds hunt for shipping debt in new market push

20/02 A growing number of hedge funds are moving into shipping debt, an asset class few have invested in before, looking to buy up loans and bonds as banks cut their exposure to the troubled. . .  Full story

Chocolatier Godiva to sell Asian-Pacific operations to MBK Partners

20/02 Godiva Chocolatier, the Belgian manufacturer of gourmet chocolates, has agreed to sell parts of its Asia-Pacific business to private equity firm MBK Partners, Godiva CEO Annie Young-Scrivner told Reuters on Wednesday.. . .  Full story

Managers hired for Toshiba Memory IPO, possibly Japan's biggest in 2019-sources

20/02 U.S. private equity firm Bain Capital has picked Nomura and Mitsubishi UFJ Morgan Stanley to manage an initial public offering of Japan's Toshiba Memory, a deal that could happen as early as September, people. . .  Full story

Fresenius flags faster earnings growth from 2020 after investment

20/02 Fresenius expects earnings to grow faster than sales from 2020 after investments to improve its German hospitals and scale up its home dialysis business eat up profit this year, the German healthcare group said on. . .  Full story

China regulator stops accepting new video game applications to clear backlog -sources

20/02 China's top content regulator has asked local authorities to stop submitting requests to monetise new video games, while it processes a backlog of applications built up after a lengthy pause last year, three people with. . .  Full story

Russian central bank meeting Vostochny Bank minority investors

20/02 Russia's central bank is meeting Vostochny Bank minority shareholders following the detention on fraud charges last week of its majority U.S. investor, a banking source and a senior Russian official told Reuters on Wednesday.. . .  Full story

Commonwealth LNG finds European demand for gas from Louisiana terminal -CEO

20/02 Commonwealth LNG has received commitments from European buyers to take almost half of the liquefied natural gas (LNG) from its planned 8.4-million-tonnes-per-year export terminal in Louisiana, Chief Executive Officer Paul Varello said on Wednesday.. . .  Full story

Japan's exports fall most in 2 years as China shipments weaken

20/02 Japan's exports posted their biggest decline in more than two years as China-bound shipments tumbled, fuelling concerns about slowing global demand as the business mood sours and orders for the country's machinery goods fell sharply.. . .  Full story

Tesla prepares to offer Model 3 leasing to boost demand - Electrek

20/02 Elon Musk's Tesla Inc is preparing to launch its leasing products for Model 3 to boost demand, news website Electrek said on Tuesday, citing an email sent to employees.. . .  Full story

COLUMN-Slowing U.S. economy can ill afford any more shocks: Kemp

20/02 The U.S. economy lost a lot of momentum during the fourth quarter and suffered a serious wobble in December, which should give policymakers pause before doing anything that could unsettle fragile sentiment further.. . .  Full story

Walmart holiday-quarter sales jump, says consumers still spending

20/02 Walmart Inc posted its strongest holiday quarter in at least a decade on Tuesday, boosted by higher grocery and e-commerce sales, and said it saw no signs of weakness in U.S. consumer spending despite. . .  Full story

LendingClub forecasts bigger-than-expected 1st-qtr loss

20/02 Online lender LendingClub Corp forecast a bigger-than-expected first-quarter loss on Tuesday, and revenue that missed Wall Street estimates, sending its shares down 6 percent in after-market trading.. . .  Full story

U.S. watchdog proposes 'testing waters' before all public offerings

19/02 The U.S. Securities and Exchange Commission proposed on Tuesday to expand a rule that allows companies to sound out prospective investors privately before going public.. . .  Full story

-Ford to close oldest plant in Brazil, costing 2,700 jobs

19/02 Ford Motor Co said on Tuesday it will close its oldest factory in Brazil and exit its heavy commercial truck business in South America, a move that could cost more than 2,700 jobs as. . .  Full story

Fed's Williams says new economic outlook necessary for rate hikes

19/02 New York Fed President John Williams on Tuesday said he was comfortable with the level U.S. interest rates are at now and that he sees no need to raise them again unless economic growth. . .  Full story

Wall Street rises modestly on Walmart bump

19/02 U.S. stocks gained ground on Tuesday as upbeat results from Walmart boosted investor sentiment and high-level U.S.-China trade talks resumed in Washington.. . .  Full story

TransCanada restarts shut portion of Keystone oil pipeline

19/02 TransCanada Corp restarted a section of the Keystone oil pipeline on Tuesday, following a leak in Missouri earlier this month, company spokesman Terry Cunha said.. . .  Full story

ICE cotton ends higher as dollar slips; trade talks eyed

19/02 ICE cotton futures settled higher on Tuesday, having touched a one-week high earlier in the session, helped by a weaker dollar, while investors focused on the latest round of trade talks between the United. . .  Full story

Yields lower with FOMC, U.S.-China trade talks in view

19/02 Treasury yields were lower in Tuesday afternoon trade ahead of the release on Wednesday of minutes from the Federal Reserve's January policy-setting meeting and as trade talks between the United States and China neared their. . .  Full story

U.S. shale oil output to hit record 8.4 mln bpd in March - EIA

19/02 U.S. oil output from seven major shale formations is expected to rise 84,000 barrels per day (bpd) in March to a record of about 8.4 million bpd, the U.S. Energy Information Administration said in. . .  Full story

Lebanon nominates challenger to Trump's choice to lead World Bank

19/02 Lebanon has nominated investment banker Ziad Hayek as a candidate for president of the World Bank, mounting the first challenge to U.S. President Donald Trump's choice to lead the development lender, Hayek said in a. . .  Full story

Carl Icahn urges Caesars Entertainment to sell itself

19/02 Activist investor Carl Icahn on Tuesday urged Caesars Entertainment Corp to sell itself, after disclosing a 9.78 percent stake in the U.S. casino operator.. . .  Full story

BlackRock, KKR plan $4 bln-$5 bln investment in ADNOC pipeline unit - FT

19/02 U.S. investment firms BlackRock Inc and KKR & Co Inc are in advanced talks to take a $4 billion to $5 billion stake in Abu Dhabi National Oil Co's (ADNOC) pipeline network, the Financial. . .  Full story

European lawmakers say NordLB rescue may involve state aid, urge EU probe

19/02 The recapitalisation of Germany's NordLB bank should be investigated by the European Commission as it likely involved state aid that might have violated European Union rules, two EU lawmakers said on Tuesday.. . .  Full story

U.S. Silica posts smaller-than-expected loss as industrial push pays off

19/02 U.S. Silica Holdings Inc reported a smaller-than-expected quarterly loss on Tuesday, driven by increased supply of sand to industries such as glass and construction as its main frac sand business slows.. . .  Full story

U.S. consumers forecast more spending than a year ago -NY Fed

19/02 U.S. consumers expect to spend more money in 2019 than they did a year ago, data from the Federal Reserve Bank of New York showed on Tuesday.. . .  Full story

Israeli chipmaker TowerJazz expects core business growth, shares rise

19/02 Israeli chip manufacturer TowerJazz said it expects its main business units to grow further this year, despite macro-economic headwinds facing the sector, lifting its shares.. . .  Full story

Intercept's fatty liver drug meets late-stage main goal, shares soar

19/02 Intercept Pharmaceuticals Inc said on Tuesday its treatment in patients with a progressive fatty liver disease showed an improvement in scarring on the organ, taking the drug a step closer to approval and sending. . .  Full story

TSX edges higher as material shares gain on higher gold prices

19/02 Canada's main stock index inched higher on Tuesday, as shares of precious metal miners gained on the back of higher gold prices.. . .  Full story

Slowing U.S. economy can ill afford any more shocks: Kemp

19/02 The U.S. economy lost a lot of momentum during the fourth quarter and suffered a serious wobble in December, which should give policymakers pause before doing anything that could unsettle fragile sentiment further.. . .  Full story

Cyber security provider Palo Alto to buy Demisto for $560 mln

19/02 Cyber security company Palo Alto Networks Inc said on Tuesday it would buy U.S.-Israeli information security firm Demisto Inc for $560 million in cash and stock.. . .  Full story

Mexico pushes mobile payments to help unbanked consumers ditch cash

19/02 Mexico's new leftist government is betting on financial technology to help lift people out of poverty.. . .  Full story

Germany, with bumper current account surplus, frets about car tariffs

19/02 Germany recorded the world's largest current account surplus for the third year running in 2018 due to strong exports that are vexing U.S. President Donald Trump and raising the risk of U.S. tariffs on. . .  Full story

EU agrees to cut greenhouse gas emissions from trucks

19/02 The European Union agreed on Tuesday to reduce emissions of carbon dioxide (CO2) from new trucks and buses by 30 percent by a 2030 deadline as part of its commitment to cut its output. . .  Full story

Investors lose interest in Italy's malls as Sunday shopping curbs loom

19/02 Three deals to sell shopping malls in Italy have been scrapped or put on hold as a plan by the coalition to restrict Sunday trading raises questions about the value of the properties involved,. . .  Full story

Despite sanctions, Iran's oil exports rise in early 2019-sources

19/02 Iran's exports of crude oil were higher than expected in January and are at least holding steady this month, according to tanker data and industry sources, as some customers have increased purchases due to. . .  Full story

EU parliament committee backs start of U.S. trade talks

19/02 European Union lawmakers voted on Tuesday to start negotiations with the United States over lower tariffs for industrial goods, a deal designed to ease trade tension with the Trump administration.. . .  Full story

Germany sees 'most difficult part' in EU-U.S. trade talks ahead

19/02 The most difficult part in trade negotiations between Europe and the United States is starting now and talks should focus on reducing tariffs on industrial goods to increase the chances of a deal, German. . .  Full story

Australia's Oil Search banks on 2020 sign-off for major expansion

19/02 Australia's Oil Search is confident its partners ExxonMobil Corp and Total SA will be ready to sign off on two big projects in 2020 that together will double liquefied natural gas (LNG) exports from Papua. . .  Full story

Vitamin maker Blackmores sounds alarm on China demand health, shares hammered

19/02 Australian vitamin maker Blackmores Ltd said it would review its China business and issued a surprise profit warning, citing soft consumer demand on the mainland, sending its shares down the most since listing three decades. . .  Full story

Australia shares firmer, led by financial sector; NZ slips

19/02 Australian shares rose on Tuesday, led by financials sector gains, which outweighed declines in other segments of the market as patchy company results and guidance raised concerns about future growth.. . .  Full story

As medical costs mount, Japan to weigh cost-effectiveness in setting drug prices

19/02 Japanese doctor Yasushi Goto remembers prescribing the cancer drug Opdivo to an octogenarian and wondering whether taxpayers might object to helping fund treatment, which at the time cost hundreds of thousands of dollars, for patients. . .  Full story

Auto industry lines up against possible U.S. tariffs

18/02 The U.S. auto industry urged President Donald Trump's administration on Monday not to saddle imported cars and auto parts with steep tariffs, after the U.S. Commerce Department sent a confidential report to the White House. . .  Full story

EU's Juncker expects Trump to refrain from imposing higher tariffs on cars

18/02 U.S. President Donald Trump has promised European Commission President Jean-Claude Juncker that he will not impose additional import tariffs on European cars for the time being, Juncker was quoted in a published interview as saying. . .  Full story

U.S. sanctions delay Russian passenger jet by a year - Rostec CEO

18/02 Serial production of Russia's first post-Soviet mainline commercial aircraft will be delayed by a year due to U.S. sanctions, the head of state-owned industrial conglomerate Rostec said on Monday, Russian news agencies reported.. . .  Full story

U.S. may have overshot in China trade talks: Kemp

18/02 Brinkmanship has been one of the defining characteristics of the Trump administration, as the White House ramps up pressure to create a sense of crisis and force negotiating partners to make concessions.. . .  Full story

Bad loan manager Fire to boost assets as it considers IPO - CEO

18/02 Italian bad loan investor Fire is looking to add 1 billion euros ($1.1 billion) in assets under management this year as it works towards an eventual stock market listing, its chief executive said.. . .  Full story

Chinese traders cut Australian coal imports over customs delays - sources

18/02 Chinese coal traders are halting purchases of Australian coal and coking coal as clearing times through China's customs have at least doubled to 40 days or more, four traders at major buyers told Reuters. . .  Full story

Indian Oil signs first annual deal for U.S. oil

18/02 Indian Oil Corp , the country's top refiner, has signed its first annual deal to buy U.S. oil, paying about $1.5 billion for 60,000 barrels a day in the year to March 2020 to. . .  Full story

Hedge funds accelerate oil buying: Kemp

18/02 Investors bought crude oil futures and options at the fastest rate for almost six months in the week to Feb. 12.. . .  Full story

Saudi's military company eyes $10 bln revenue in next five years

18/02 State-owned Saudi Arabian Military Industries (SAMI) aims to generate $10 billion in revenue over the next five years, its chief executive said on Monday, as the wealth fund-backed group spearheads a drive to localise military. . .  Full story

China stocks jump on trade talk hopes, strong loan data

18/02 China stocks jumped on Monday after trade talks between the United States and Beijing saw progress ahead of a March 1 deadline, and new data showed Beijing's attempts to boost investment led to record. . .  Full story

New Zealand to target online giants with digital tax

18/02 New Zealand said on Monday that it plans to update its laws so it can tax revenue earned by multinational digital firms such as Google, Facebook and Amazon, extending a global effort to bring. . .  Full story

Nicaraguan gov't meets with business leaders in bid to end crisis

17/02 The Nicaraguan government said it has initiated talks with the country's private sector in what observers see as a bid to repair the relationship between embattled President Daniel Ortega and business leaders and ease a. . .  Full story

Indonesian presidential hopefuls vow energy self-sufficiency through palm

17/02 Indonesia's two presidential candidates pledged on Sunday to achieve energy self-sufficiency by boosting the use of bioenergy, particularly fuelled by palm oil, to cut costly oil imports by Southeast Asia's biggest economy.. . .  Full story

European car imports no threat to U.S. national security -VDA

17/02 Car imports from Europe do not endanger U.S. national security, German car lobby the VDA said on Sunday, echoing comments by Chancellor Angela Merkel a day earlier.. . .  Full story

ANALYSIS-After strong 2019 start for U.S. stocks, trade verdict looms

17/02 Optimism about a U.S.-China trade agreement has helped drive U.S. stocks to more than two-month highs, creating a make-or-break moment for Wall Street as a year-long clash between the world's two largest economies comes to. . .  Full story

Wall St Week Ahead-RPT-Profit estimates may be adding in too much cost risk

17/02 As Wall Street braces for the first quarterly decline in earnings in nearly three years, some investors are wondering if the market is factoring in a bigger erosion in profit margins than will actually. . .  Full story

U.S. President Trump receives update on China trade talks

17/02 President Donald Trump received an update on trade talks with China on Saturday at his Florida retreat after discussions in Beijing saw progress ahead of a March 1 deadline for reaching a deal.. . .  Full story

U.S. President Trump to get update on China trade talks

16/02 U.S. President Donald Trump will meet with members of his trade team and receive an update on the ongoing talks with China, White House spokeswoman Sarah Sanders said on Saturday.. . .  Full story

Russian court extends custody of Baring Vostok's Calvey until April

16/02 A Russian court on Saturday ordered Michael Calvey, the U.S. founder of one of Russia's biggest private equity firms accused of fraud, to be kept in custody until April 13.. . .  Full story

Automakers brace for U.S. government report on import tariffs

16/02 A confidential Commerce Department report due to be sent to Donald Trump on Sunday is widely expected to clear the way for the U.S. president to threaten tariffs on imported autos and auto parts. . .  Full story

China-U.S. trade talks 'making a final sprint' - state media

16/02 Chinese state media on Saturday expressed cautious optimism over trade talks between the United States and China, a day after President Xi Jinping said a week of discussions had produced "step-by-step" progress.. . .  Full story

Wheat falls to multimonth lows as global prices sag; soy firm

16/02 U.S. wheat futures fell to multimonth lows on Friday, despite broad strength in commodity and equity markets as grain traders monitored bearish technical signals as well as falling prices in the global cash wheat market.. . .  Full story

Mattel warns of weak 2019, shares drop most in 20 years

16/02 Mattel Inc on Friday issued a disappointing 2019 forecast and said demand for its iconic Barbie doll was slowing, triggering an 18 percent drop in its shares, their worst day in nearly two decades.. . .  Full story

U.S.-China trade talks to resume next week, Trump hints at extension

16/02 The United States and China will resume trade talks next week in Washington with time running short to ease their bruising trade war, but U.S. President Donald Trump repeated on Friday that he may. . .  Full story

Fed policymakers see one U.S. rate hike, or none, as growth slows

16/02 When the Federal Reserve last month adopted a new "patient" approach to monetary policy, it gave no specific guidance about how long its policy pause would last, or how many more interest-rate increases, if any,. . .  Full story