SINGAPORE (Reuters) – Oil prices largely held steady on Monday, recouping some early losses as investors took stock of global economic pressures that could impact oil demand. Global benchmark Brent crude oil futures LCOc1 were down 1 cent to $59.41 a barrel by... More »
BEIJING (Reuters) – New home prices in China grew at a steady pace in September, with fewer cities reporting price gains, a relief for policymakers who remain wary of high debt and bubble risk and are refraining from stimulating the sector as the economy cools... More »
WASHINGTON (Reuters) – U.S. President Donald Trump was surprised at the resistance to his now-revoked decision to host next year’s Group of Seven summit at his Florida golf resort, his acting chief of staff said on Sunday, adding that Trump still considers him... More »
WASHINGTON (Reuters) – U.S. President Donald Trump abandoned plans late on Saturday to host next year’s Group of Seven summit at his Florida golf resort, after Democrats and others had decried the selection as evidence of the president misusing his office for ... More »
KORIYAMA, Japan (Reuters) – The death toll in the worst typhoon to hit Japan for decades climbed to 66 on Tuesday as rescuers slogged through mud and debris in an increasingly grim search for the missing, and as thousands of homes remained without power or wat... More »
LONDON (Reuters) – Britain’s vast financial services industry will lose more jobs to Europe over the coming years because of Brexit, the City of London’s policy chief told Reuters, warning people not to be duped by the low number of job moves to the continent ... More »
VIENNA (Reuters) – Plane parts maker FACC’s (FACC.VI) operating profit fell 6% in the second quarter as it produced fewer components for the Airbus (AIR.PA) A380 and Boeing (BA.N) 737NG jets being phased out and start-up costs for new cabin interiors bit. Chin... More »
LONDON (Reuters) – From the pinnacle of the City of London’s largest skyscraper, Stuart Lipton is wagering a $1.2 billion bet that the British capital remains a master of the international financial universe no matter what happens with Brexit. The 76-year-old ... More »
SINGAPORE (Reuters) – Oil prices fell on Tuesday, after heavy losses in the previous session, as two days of weak Chinese data added to worries about the top crude oil importer’s energy demand growth. Brent crude LCOc1 fell 42 cents, or 0.71%, to $58.93 a barr... More »
AMSTERDAM (Reuters) – The Dutch central bank said on Tuesday it would require banks to retain 3 billion euros ($3.31 billion) in additional capital to compensate for risks posed by mortgage portfolios. In its autumn report on financial stability, De Nederlands... More »
NEW YORK (Reuters) – Cash-strapped WeWork, the office-sharing company that is trying to negotiate a financial lifeline, has a new problem that may prove costly. It has closed about 2,300 phone booths at some of its 223 sites in the United States and Canada aft... More »
NEW YORK (Reuters) – WeWork has opened almost as many new locations in the last 3-1/2 months as it did in the whole first half of this year, likely accelerating the speed with which the office-sharing company is burning through cash as increasingly hard-nosed ... More »
PARIS (Reuters) – A painting by French post-impressionist painter Paul Gauguin is to be sold in Paris in December in an auction expected to fetch at least 5 million euros ($5.48 million). The oil on canvas titled “Te Bourao II” and believed to have been create... More »
TOKYO (Reuters) – Japan’s industrial output shrank more than expected in August in the latest warning that the economy and its manufacturers are facing intensifying pressure from a bitter Sino-U.S. trade war. Retail sales, however, expanded at a faster-than-ex... More »
(Reuters) – Nasdaq Inc (NDAQ.O) is cracking down on initial public offerings (IPOs) of small Chinese companies by tightening restrictions and slowing down their approval, according to regulatory filings, corporate executives and investment bankers. Nasdaq’s at... More »
BEIJING (Reuters) – Factory activity surveys in China pointed to slight improvement in September as domestic demand picked up, but analysts believe the gains will be short-lived as the property market cools and Sino-U.S. trade tensions remain elevated. Persist... More »
HONG KONG (Reuters) – Hong Kong private home prices fell for the third straight month in August, according to government data released on Monday, as increasingly violent street protests take a toll on the economy. Prices dropped 1.37%, steeper than July’s revi... More »
HONG KONG (Reuters) – While months of Hong Kong protests have scared away tourists, sent jitters across the financial centre and cast a dark cloud over the local economy, there’s one thing residents of the city are confident they can bank on – sky-high propert... More »
PARIS (Reuters) – French auction house Millon denied accusations by the Mexican government that a sale of dozens of pre-Columbian artifacts was illegal and proceeded with an auction on Wednesday. Mexico’s foreign ministry on Tuesday said that 95 of the 120 pie... More »
FRANKFURT (Reuters) – The European Central Bank approved a fresh stimulus package as expected on Thursday, cutting interest rates and approving a new round of bond purchases to prop up euro zone growth and halt a worrisome drop in inflation expectations. The E... More »
(Reuters) – U.S. private equity firm Blackstone Group Inc said on Wednesday it has raised the largest ever real estate fund, amassing $20.5 billion to be invested in property assets around the world. Large buyout firms such as Blackstone have been attracting a... More »
BERLIN (Reuters) – Wirecard (WDIG.DE) has signed a memorandum of understanding with Softbank’s (9434.T) Brightstar and anticipates “significant transaction volume” out of the deal, the German fintech announced on Monday. Under the agreement, digital financial ... More »
SYDNEY (Reuters) – Australia’s central bank would consider unconventional monetary options if the cash rate was cut to 0.5%, Deputy Governor Guy Debelle said on Tuesday, though he hoped such heavy policy adjustments would not be needed. Debelle said the Reserv... More »
LONDON/SINGAPORE (Reuters) – Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for signs that Sino-U.S. trade tensions could ease. Price gains were, however, capped to some degree by ... More »
SINGAPORE (Reuters) – Royal Dutch Shell is launching electric vehicle chargers at petrol stations in Singapore, its first such foray in Southeast Asia, the company said on Monday. The electric vehicle charging service, ‘Shell Recharge’, will be available at 10... More »
SAO PAULO (Reuters) – Huawei Technologies Co Ltd plans to build an $800 million plant in Brazil’s Sao Paulo state over the next three years, the governor said, as the Chinese tech giant ramps up its Latin American presence against U.S. objections. On a trip to... More »
DONGGUAN, China/HONG KONG (Reuters) – Huawei Technologies unveiled on Friday its proprietary operating system for smartphones and other devices, as U.S. trade restrictions imposed in May threaten to cut the Chinese firm’s access to U.S. technologies such as An... More »
LONDON, (Reuters) – Britain’s housing market picked up modestly in June with a stronger-than-expected rise in mortgage approvals, but consumer lending growth slowed to a fresh five-year low, Bank of England figures showed on Monday. Brexit worries have weighed... More »
WINDSOR, Ontario (Reuters) – U.S. Senator and Democratic presidential hopeful Bernie Sanders joined diabetes patients as they drove across the border on Sunday to buy cheap insulin in Canada, highlighting his argument in favor of federally negotiated prescript... More »
BEIJING (Reuters) – China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure. While more upbeat June factory output and retail sales o... More »
WASHINGTON (Reuters) – The U.S. may approve licenses for companies to re-start new sales to Huawei in as little as two weeks, according to a senior U.S. official, in a sign President Donald Trump’s recent effort to ease restrictions on the Chinese company coul... More »
MUMBAI/NEW DELHI (Reuters) – India proposed tax waivers on Friday on the purchase of electric vehicles and removed import taxes on some auto components to help boost sales and reduce its dependence on fossil fuels. India, the world’s third-biggest emitter of g... More »
FRANKFURT (Reuters) – Euro zone lending growth held steady in May while a broader money supply indicator, which often foreshadows future activity, grew faster than expected, data showed on Monday, easing pressure on the European Central Bank to provide more st... More »
(Reuters) – U.S. President Donald Trump on Saturday appealed a U.S. judge’s ruling that blocked his administration from using $2.5 billion in funds intended for anti-drug activities to construct a wall along the southern border with Mexico. U.S. Department of ... More »
(Reuters) – A U.S. federal judge on Friday blocked the Trump administration from using $2.5 billion in funds intended for anti-drug activities to construct a wall along the southern border with Mexico. U.S. President Donald Trump has sought to build a wall alo... More »
BEIJING (Reuters) – New home prices in China rose at their fastest pace in five months in May, complicating government efforts to keep frothy housing markets under control as it rolls out more stimulus for the slowing economy. Average new home prices in China’... More »
SYDNEY (Reuters) – Investors in Australian mortgage bonds are demanding higher premiums to buy the riskiest tranches of new debt, as a slowing economy stokes concerns a property downturn could get worse and increase home loan defaults. High-yield investors are... More »
PARIS (Reuters) – The Canadian government’s contracting arm is backing a proposed new satellite system that will use big data analytics to provide commercially available data about the Earth and its orbit amid growing concerns about the risks posed by space de... More »
LONDON (Reuters) – Britain’s Ocado is plowing 17 million pounds ($22 million) into the emerging “vertical farming” industry, further diversifying the online grocer and technology group’s business. Vertical farming involves producing food indoors, with crops gr... More »
LONDON (Reuters) – Investors plowed a record $12.3 billion into investment grade bond funds and ditched equities over the past week, Bank of America Merrill Lynch said on Friday, as worries over trade tensions and the world economy reinforced a run for safe-ha... More »
NEW YORK (Reuters) – For the Parkers of Houston, Texas, there will be no summer vacation this year because they are still paying off the dent in their finances left by 2017’s Hurricane Harvey. The couple joins a growing list of people forced to renovate or com... More »
LONDON (Reuters) – Investment banks are beefing up trading teams in markets such as gas, metals and carbon permits that are flourishing as businesses and economies become greener, according to recruitment consultants. The shift in staffing at the world’s bigge... More »
FRANKFURT (Reuters) – Infineon has agreed to buy Cypress Semiconductors in a deal valuing the U.S. maker of microchips used in cars and electronic devices at 9 billion euros ($10.1 billion), including debt, the German company said on Monday. The cash offer of ... More »
SINGAPORE (Reuters) – Singapore, the tiny Southeast Asian city-state, is an unlikely place for a farming revolution. With tiered fish farms, vegetable plots atop office buildings and lab-grown shrimp, the island aims to beef up its own food production and rely... More »
HONG KONG/SINGAPORE (Reuters) – Growing demand by Asia’s rich for independent advisory services and access to a wide variety of investment products is spurring the surge of boutique wealth managers more associated with the established wealth hubs of Switzerlan... More »
The Trump administration must temporarily halt the use of some Defense Department funds for a border wall with Mexico, a judge ruled on Friday, because the money was not specifically authorized by Congress for construction of the barrier. The order blocks the ... More »
(Reuters) – Purplebricks Group Plc named Phil Felice as the interim boss of its U.S. operations on Monday to oversee the online estate agent’s review of the business and said it was optimistic about the future of the business. Purplebricks had said earlier thi... More »
TOKYO (Reuters) – Japanese fashion tycoon Yusaku Maezawa sold art for more than $8 million at a Sotheby’s auction in New York on Thursday night, providing funds to the entrepreneur who previously said he has no money. Maezawa, the founder and CEO of online fas... More »
TOKYO (Reuters) – Japanese trading house Mitsubishi Corp and MUFG Bank plan to rescue plant engineering company Chiyoda Corp with a $1.4 billion lifeline, betting on a turnaround fueled by greater LNG demand, the Nikkei newspaper reported on Monday. Chiyoda, o... More »
BEIJING (Reuters) – Guangdong, China’s top province by economic output, maintained a growth rate of 6.6 percent in the first quarter thanks to improving industrial production and infrastructure spending, the 21st Century Business Herald reported, citing local ... More »
OSLO (Reuters) – Norway’s sovereign wealth fund will pay about $98 million dollars to extend the term of its ownership in a portfolio of New York properties and to acquire a few new, the fund said on Wednesday. “The partnership between Norges Bank Investment M... More »
DUBAI (Reuters) – Saudi Technology Ventures (STV) said on Tuesday Uber’s deal with Careem will help the Middle East ride hailing firm expand its customer base even further and continue to develop the regional economy. STV is a Careem investor and participated ... More »
LOUISVILLE, Ky. – United Parcel Service Inc wants to get beyond U.S. doorsteps with a new push into healthcare. The world’s largest package delivery firm is preparing to test a U.S. service that dispatches nurses to vaccinate adults in their homes, Reuters has... More »
PLYMOUTH, England (Reuters) – Britain’s largest bronze sculpture – a giant figure of a crouching woman – glided into its new home in the coastal city of Plymouth on Monday, bolted onto the back of a sea barge. The seven-meter (23 ft) high artwork, showing an a... More »
HONG KONG/SHANGHAI (Reuters) – Co-working space operators in China are shifting their focus from ambitious expansion plans to services such as customizing offices for clients, as rising vacancy rates and tighter financing slow their exponential growth of the p... More »
NEW YORK (Reuters) – BlackRock, the world’s biggest asset manager, on Monday recommended investors hold more U.S. Treasury Inflation Protected Securities (TIPS) as the Federal Reserve is expected to refrain from raising short-term interest rates in the coming ... More »
(Reuters) – British engine maker Rolls-Royce Holdings Plc said on Sunday it had scaled back efforts to join a Turkish program to build a new fighter jet with Turkey’s Kale Group. Talks between Kale and Rolls-Royce ran into problems last year because of a dispu... More »
ALGIERS (Reuters) – Algerian President Abdelaziz Bouteflika, facing mass protests over his 20 years in power, will run in April’s elections, his campaign manager said on Sunday, with Ennahar TV saying he had offered to step down after a year if re-elected. The... More »
ALGIERS (Reuters) – Hundreds of Algerians gathered in the capital and other cities late on Sunday to protest against President Abdelaziz Bouteflika’s plan to seek re-election, according to residents and footage posted online. Hundreds of youths gathered in the... More »
LONDON (Reuters) – High-grade euro zone debt remains scarce even though the European Central Bank has stopped its huge purchases of new bonds, intensifying concerns that banks will face future collateral shortages and highlighting the need for safe assets. The... More »
PARIS (Reuters) – French consumer confidence jumped in February to its highest level since “yellow vest” protesters started their weekly demonstrations, as households took heart in an improvement in their finances and unemployment fears receded. The reading of... More »
NEW YORK (Reuters) – The firm that sold Chelsea Market to Google for $2.4 billion has joined three large brokerages, among others, to back software designed to meet the growing demands of a millennial workforce that is changing how office space is leased and m... More »
ZURICH (Reuters) – Swisscom, Sunrise and Salt have paid a relatively modest 380 million Swiss francs ($379 million) for fifth-generation wireless frequencies that will tighten their grip on the Swiss mobile market. The three were able to secure an attractively... More »
CHICAGO (Reuters – It took 52-year-old social worker Nancy Peterson a combination of five different grants and low interest loans to accumulate $80,000 for the downpayment she needed to become a first-time home buyer in Seattle last summer. Peterson’s modest i... More »
NEW YORK (Reuters) – A U.S. agency that insures worker pensions sought permission on Friday to take over two underfunded Sears Holdings Corp pension plans, after objecting to Sears Chairman Eddie Lampert’s proposed $5.2 billion buyout of the bankrupt retailer.... More »
MILAN (Reuters) – It would be hard to disprove the case for a high-speed rail link between Italy and France, Italy’s economy undersecretary Massimo Garavaglia said on Monday in an interview with the daily Il Corriere della Sera. Italy’s government has asked a ... More »
WASHINGTON (Reuters) – Ebbing global growth and shaky financial markets threw the U.S. Federal Reserve off course in early 2016, and it took nearly a year for officials to regain confidence growth would continue and convince investors they would again raise in... More »
SAO PAULO (Reuters) – When Fabio Schvartsman took the reins of Vale SA in 2017, he suggested a motto for the world’s largest iron miner, turning the page on a tailings dam disaster that hit a small Brazilian town two years before: “Mariana, never again.” That ... More »
NEW YORK (Reuters) – U.S. pension funds are projected to shift $12 billion into bonds from stocks in a rebalancing of their investments at the end of January, amid a rebound in the stock market following a sharp sell-off in late 2018, Wells Fargo Securities an... More »
WASHINGTON (Reuters) – William Barr, nominated by President Donald Trump to become U.S. attorney general, plans to recuse himself from a major antitrust case, according to people who spoke with him on Thursday, as he navigates possible conflicts of interest pr... More »
NEW YORK (Reuters) – How U.S. schools calculate financial aid is so confusing that there is an entire industry devoted to unlocking its secrets with books, consultants and websites. Most parents are probably not aware that Stanford University in Palo Alto, Cal... More »
HONG KONG (Reuters) – Chinese conglomerate HNA Group [HNAIRC.UL] on Wednesday said it had sold a majority stake in a Manhattan building in a $422 million deal, the latest in a slew of asset disposals undertaken by the group to ease an intensifying cash crunch.... More »
(Reuters) – Madame Tussauds-owner Merlin Entertainments Plc has entered into a partnership agreement to build a Legoland theme park in South Korea, the company said on Monday. Merlin, which operates the London Eye, said the deal with the Gangwon Provincial Gov... More »
BOSTON (Reuters) – Hedge fund giant Bridgewater Associates’ flagship Pure Alpha Strategy posted a double-digit gain in 2018 when many other funds lost money after being caught off guard by the late-year market collapse. The Pure Alpha Strategy, which has been ... More »
BERLIN (Reuters) – Inflation in Germany’s most populous regions slowed in December, just as the European Central Bank ended a crisis-fighting bond purchase scheme after four years and as global markets slumped. The annual inflation rate in Germany’s most popul... More »
WASHINGTON (Reuters) – The Trump administration has decided it cannot authorize new flood insurance policies, citing the partial shutdown of the federal government due to a budget impasse in Congress and potentially putting thousands of home sales in limbo. Th... More »
WARSAW (Reuters) – Polish and Lithuanian power grid operators said on Friday they had agreed to build a high voltage direct current (HVDC) underwater cable by 2025 as part of a plan to connect the electricity grids of the Baltic states with those of the Europe... More »
LONDON (Reuters) – Oil fell on Monday, in line with further declines in global stock markets, erasing the gains made last week when producer group OPEC and other key exporters agreed to cut their crude output from January. Brent crude oil futures fell $1.02 on... More »
DOHA (Reuters) – The Qatar Investment Authority (QIA) has accelerated its investments in technology and is keeping the door open to strategic partnerships for technology investments, its CEO said on Monday. In the United States, the fund is focusing on “classi... More »
(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. 1/ CURVE-BALLS With major parts of the U.S. economy visibly slowing, the Treasury market has reacted in a... More »
(Reuters) – The Bank of Canada will next raise interest rates early next year, and twice again by the end of 2019, according to economists polled by Reuters who say the central bank needs to be careful with the pace of tightening. As recently as late October t... More »
NEW YORK (Reuters) – Americans’ demand for credit declined over the previous year as expected, as mortgage interest rates rose, while the percentage of approved applications also ticked lower compared to a year ago, a survey from the New York Federal Reserve s... More »
(Reuters) – Netherlands-based biopharmaceutical company argenx SE said it signed a deal with Cilag GmbH International, an affiliate of Johnson & Johnson’s Janssen Pharmaceutical Companies unit, to develop its Cusatuzumab drug in certain types of cancer. The de... More »
(Reuters) – Michael Cohen, President Donald Trump’s former personal lawyer, informed Trump about a conversation he had with the Kremlin seeking help to build a skyscraper in Moscow in 2016 during the U.S. presidential campaign, according to a court filing. Coh... More »
CHICAGO (Reuters) – American homes are showing their age – not the houses, but the people living in them. In 2016, about 55 percent of U.S. households (or about 65 million households) were headed by someone aged 50 or older, according to the Joint Center for H... More »
(Reuters) – French IT services company Atos (ATOS.PA) is boosting its North American operations with a $3.4 billion cash deal to buy Michigan-based IT services provider Syntel Inc (SYNT.O). Atos’ shares traded 7 percent lower by 1020 GMT on Monday on disappoin... More »
LONDON (Reuters) – Britain set out plans to promote the roll out of full-fiber broadband on Monday, including targeting public money at rural areas and insisting that the fastest connections are included as standard in new build properties. Britain is lagging ... More »
NEW YORK (Reuters) – A prolonged U.S. trade war with China and Europe would dent global economic growth and force investors to reassess the profitability of U.S. companies, some of the biggest hedge funds and private equity investors in the United States warne... More »
NEW YORK (Reuters) – Emerging market equities and real-estate debt remain attractive at a time when most of the year’s gains in the S&P 500 have already been realized, billionaire investor Howard Marks said on Wednesday at the CNBC Institutional Investor Deliv... More »
LUXEMBOURG (Reuters) – The European Central Bank defended its 2.6 trillion-euro bond-buying program before the European Union’s top court on Tuesday from accusations it was bankrolling governments and endangering taxpayer money. The case, brought by a group of... More »
LONDON (Reuters) – The dollar strengthened broadly on Monday and neared a six-month high against the Japanese yen as investors bought riskier assets, encouraged by signs that trade tensions have yet to hurt economic momentum. As the second-quarter corporate ea... More »
TOKYO (Reuters) – Takeda Pharmaceutical Co Ltd on Tuesday said it has received U.S. approval for its $62 billion acquisition of London-listed Shire Plc, taking the Japanese firm one step closer to its goal of becoming a global top 10 drugmaker. Takeda in a pre... More »
DETROIT (Reuters) – U.S. President Donald Trump’s threat to block Chinese investment in U.S. companies could be trouble for a number of American automotive and technology companies using Chinese funds to develop electric and self-driving cars and related servi... More »
TIRANA (Reuters) – Albanian actors and activists rallied on Thursday to demand the government halt a project to demolish the National Theatre in Tirana, but the ruling Socialists pushed the plan through parliament. They protested in front of parliament as lawm... More »
NEW YORK and LOS ANGELES (Reuters) – Netflix Inc, the streaming video pioneer that revolutionized television, is investing in one of the oldest forms of media to gain an edge in the raging battle for online viewers and top-notch talent. Known for acclaimed sho... More »
(Reuters) – Dell Inc. is nearing a deal to buy out the holders of shares that track the performance of VMWare Inc (VMW.N) using a mix of cash and equity in Dell, people familiar with the matter said on Sunday. The move will mark the culmination of a strategic ... More »
BOSTON (Reuters) – Billionaire investor John Paulson’s top real estate executives are launching their own investment firm with $1 billion and the hedge fund manager’s blessing, sources familiar with the matter said. Michael Barr, a portfolio manager who headed... More »
(Reuters) – U.S. President Donald Trump on Monday slammed Harley-Davidson Inc (HOG.N) after the motorcycle maker said it would move production for European customers overseas to avoid retaliatory tariffs that could cost it up to $100 million per year. Trump sa... More »
SYDNEY (Reuters) – One of Australia’s oldest financial institutions, AMP Ltd (AMP.AX), spent years building the country’s largest network of financial advisers to recommend its products, and well over a century polishing its brand. But in a bruising few months... More »
SYDNEY (Reuters) – Airlines are locking in fuel hedges, lowering capacity, raising fares and retiring older jets to cope with rising costs alongside the highest oil prices since 2014, industry executives say. The squeeze from fuel costs, which have risen much ... More »
