Business News

Oil edges down on lower demand outlook, U.S.-China trade dispute

Oil edges down on lower demand outlook, U.S.-China trade dispute

Published 12/08/2019

SEOUL (Reuters) - Oil prices edged lower on Monday amid worries about an economic slowdown and the Sino-U.S. trade war, which have led to a [more…]

Decentralizer Rosengren is ideal man to transform ABB, says chairman

Decentralizer Rosengren is ideal man to transform ABB, says chairman

Published 12/08/2019

ZURICH (Reuters) - ABB (ABBN.S) Chairman Peter Voser said he was convinced he had got the right man to transform the Swiss engineering group after [more…]

South Korea to drop Japan from its fast-track trade ‘white list’

South Korea to drop Japan from its fast-track trade ‘white list’

Published 12/08/2019

SEOUL (Reuters) - South Korea said on Monday it plans to drop Japan from its “white list” of countries with fast-track trade status from September, [more…]

Asian shares turn lower on Sino-U.S. trade, recession worries

Asian shares turn lower on Sino-U.S. trade, recession worries

Published 12/08/2019

SHANGHAI (Reuters) - Worries that a prolonged Sino-U.S. trade war could tip the world and U.S. economies into recession weighed on Asian equities on Monday, [more…]

Yen buoyed by China jitters- sterling under water

Yen buoyed by China jitters- sterling under water

Published 12/08/2019

SYDNEY (Reuters) - The dollar remained on the defensive against the safe-haven yen on Monday as the Sino-U.S. trade dispute looked set to drag on [more…]

ABB’s largest shareholder pleased with new CEO appointment

ABB’s largest shareholder pleased with new CEO appointment

Published 12/08/2019

ZURICH (Reuters) - ABB’s (ABBN.S) largest shareholder Investor AB (INVEb.ST) is pleased with the appointment of Bjorn Rosengren as the new chief executive of the [more…]

Hawkish Norway to press on with rate hikes after August pause:…

Hawkish Norway to press on with rate hikes after August pause:…

Published 12/08/2019

OSLO (Reuters) - Norway’s central bank is expected to keep interest rates on hold on Aug. 15 while signaling that a hike will likely follow [more…]

Take Five: The devil’s in the data

Take Five: The devil’s in the data

Published 12/08/2019

LONDON (Reuters) - 1/ READY FOR A SCARY EURO ZONE GDP SHOW? Fears of a major downturn in euro zone powerhouse Germany grew this week [more…]

Goldman Sachs economists say fears rise that U.S.-China trade war…

Goldman Sachs economists say fears rise that U.S.-China trade war…

Published 11/08/2019

(Reuters) - Goldman Sachs Group Inc (GS.N) said on Sunday that fears of the U.S.-China trade war leading to a recession are increasing and that [more…]