Business News

Oil rises as U.S.-Iran conflict eases, focus turns to trade deal

Oil rises as U.S.-Iran conflict eases, focus turns to trade deal

Published 13/01/2020

LONDON (Reuters) - Oil prices rose slightly on Monday as investors shift their focus away from easing Mideast tensions to this week’s scheduled signing of [more…]

European shares flat as Sino-U.S. trade deal in focus- tech gains

European shares flat as Sino-U.S. trade deal in focus- tech gains

Published 13/01/2020

(Reuters) - European shares were little changed on Monday as investors shifted their focus to the signing of an interim Sino-U.S. trade deal later this [more…]

Chinese firms implemented $203 billion debt-to-equity swaps in 2019

Chinese firms implemented $203 billion debt-to-equity swaps in 2019

Published 13/01/2020

BEIJING (Reuters) - Chinese firms implemented 1.4 trillion yuan ($203 billion) in debt-to-equity swaps and disposed of 2 trillion yuan in soured debt last year [more…]

Global stocks perch near record highs ahead of U.S.-China trade deal

Global stocks perch near record highs ahead of U.S.-China trade deal

Published 13/01/2020

LONDON (Reuters) - World stock markets ticked higher on Monday, hovering just below record levels ahead of the expected signing of a Phase 1 China-U.S. [more…]

China’s yuan leads rally ahead of U.S. trade deal

China’s yuan leads rally ahead of U.S. trade deal

Published 13/01/2020

LONDON (Reuters) - China’s yuan led a rally in trade-sensitive currencies on Monday and the Australian dollar recovered some recent losses as the imminent signing [more…]

Auto industry cautious as China starts 2020 with forecast of a 2% sales decline

Auto industry cautious as China starts 2020 with forecast of a 2% sales decline

Published 13/01/2020

BEIJING/SHANGHAI (Reuters) - Automakers in China need to get used to a new normal of “low speed growth” in the world’s largest car market, the [more…]

More than 400,000 German jobs at risk in switch to electric cars: Handelsblatt

More than 400,000 German jobs at risk in switch to electric cars: Handelsblatt

Published 13/01/2020

BERLIN (Reuters) - The shift to electric vehicles could cost 410,000 jobs in Germany by 2030, daily Handelsblatt reported on Monday, citing government advisers. In [more…]

UK regional airline Flybe in financing talks to survive: Sky News

UK regional airline Flybe in financing talks to survive: Sky News

Published 13/01/2020

LONDON (Reuters) - Flybe, a regional British airline, is in talks to secure new financing to help it survive reported Sky News. When asked about [more…]

Walmart sacks 56 executives in India as part of restructuring

Walmart sacks 56 executives in India as part of restructuring

Published 13/01/2020

NEW DELHI (Reuters) - Walmart Inc, the world’s largest retailer, has fired 56 of its executives in India as it restructures in the country. The [more…]

As businesses hold back, U.S. consumers seen boosting big banks’ profits

As businesses hold back, U.S. consumers seen boosting big banks’ profits

Published 13/01/2020

NEW YORK (Reuters) - Consumer lending is expected to propel profits for big U.S. banks when they unveil fourth-quarter results this week, though stress in [more…]