Business News

Oil jumps above $61 on talk of further OPEC+ supply curbs

Oil jumps above $61 on talk of further OPEC+ supply curbs

Published 02/12/2019

LONDON (Reuters) - Oil jumped above $61 a barrel on Monday, supported by hints that OPEC and its allies may agree to deepen output cuts [more…]

UK manufacturers cut jobs at fastest rate since 2012: PMI

UK manufacturers cut jobs at fastest rate since 2012: PMI

Published 02/12/2019

LONDON (Reuters) - British manufacturers cut jobs last month at the fastest rate since 2012, a survey showed on Monday, as pressures from Brexit and [more…]

U.S.-China trade deal ‘stalled because of Hong Kong legislation’: Axios

U.S.-China trade deal ‘stalled because of Hong Kong legislation’: Axios

Published 02/12/2019

(Reuters) - A trade deal between United States and China was now “stalled because of Hong Kong legislation”, news website Axios reported on Sunday, citing [more…]

Silver Lake appoints Egon Durban, Greg Mondre as first co-CEOs

Silver Lake appoints Egon Durban, Greg Mondre as first co-CEOs

Published 02/12/2019

(Reuters) - Private equity firm Silver Lake on Monday named company veterans Egon Durban and Greg Mondre to the newly formed roles of co-chief executive [more…]

Euro zone factory activity shrank in November but worst may be over: PMI

Euro zone factory activity shrank in November but worst may be over: PMI

Published 02/12/2019

LONDON (Reuters) - Euro zone manufacturing activity contracted for a 10th straight month in November although the bloc’s battered factories may have turned a corner [more…]

China’s facial recognition rollout reaches into mobile phones, shops and homes

China’s facial recognition rollout reaches into mobile phones, shops and homes

Published 02/12/2019

SHANGHAI (Reuters) - China on Sunday put into effect new regulations that require Chinese telecom carriers to scan the faces of users registering new mobile [more…]

Stocks rally on Chinese data boost, cautious trade optimism

Stocks rally on Chinese data boost, cautious trade optimism

Published 02/12/2019

LONDON (Reuters) - Stock markets rebounded on Monday as decent manufacturing data in China and renewed optimism over a trade deal eroded some of the [more…]

China picks new leaders for Macau, replaces economy chief

China picks new leaders for Macau, replaces economy chief

Published 02/12/2019

HONG KONG (Reuters) - China has appointed a slate of new officials to head the world’s top gambling hub of Macau, changing key roles including [more…]

Burst of social unrest tests emerging market risk models

Burst of social unrest tests emerging market risk models

Published 02/12/2019

LONDON (Reuters) - A wave of social unrest across developing countries this year has caught many investors off-guard and is challenging models designed to gauge [more…]

German manufacturing contraction eases in November

German manufacturing contraction eases in November

Published 02/12/2019

BERLIN (Reuters) - Germany’s export-dependent manufacturing sector contracted at a slower pace for the second month in a row in November, a survey showed on [more…]