17h01 A top executive from Huawei
Technologies Co Ltd can make a good case against being
extradited to the United States, in part due to remarks made by
U.S. President Donald Trump, Canada's ambassador to. . .
16h52 U.S. oil producers
sought on Wednesday to soothe OPEC's worries about losing market
share, telling the group that investors in the U.S. firms wanted
a reduction in growth and higher payouts.. . .
16h47 Stocks in Brazil's benchmark index rose
on Wednesday to near record-high levels, tracking broad-based
gains in global equities as investors returned to riskier assets
and on recovering oil prices.
A weaker. . .
16h46 Argentine Central
Bank Governor Guido Sandleris said on Wednesday that the bank's
monetary policy committee would be looking at its current daily
limit on foreign exchange purchases of up to $50 million.. . .
16h43 German Chancellor
Angela Merkel delivered a robust defence of the post-war
multilateral order on Wednesday, lauding compromise as a virtue
in international relations in a veiled criticism of U.S.
President Donald Trump.. . .
16h41 Pakistani Finance Minister
Asad Umar unveiled a package of measures on Wednesday to boost
exports and investment and help Islamabad address a severe
balance of payments squeeze that has forced it to turn to. . .
16h35 Strong earnings from IBM, United
Technologies and Procter & Gamble boosted the Dow Jones
Industrial Average at the open on Wednesday and propelled a
rebound in U.S. stocks from its second biggest decline in. . .
16h33 The Canadian dollar edged higher
against its U.S. counterpart on Wednesday, recovering from an
earlier two-week low, as gains for stocks and oil prices offset
domestic data showing a bigger-than-expected drop in domestic
retail sales.. . .
16h31 Four former Barclays
executives conspired to commit fraud by hiding 322 million
pounds of payments to Qatar in return for cash injections in
2008, a prosecutor alleged at the opening of one of London's
most. . .
16h24 European Union's Brexit
negotiator Michel Barnier said on Wednesday that no-deal Brexit
was the default scenario and the fact that majority of the House
of Commons was against it would not prevent it from. . .
16h20 The governor of Brazil's Sao
Paulo state said additional tax breaks may be extended to all
automakers operating in the state, newspaper Valor Economico
reported on Wednesday, suggesting that pressure from General
Motors Co could. . .
16h18 There was no sign of relief
on Wednesday for 800,000 federal workers going without pay
because of the partial government shutdown as the U.S. Senate
scheduled votes on competing proposals facing steep odds to. . .
16h09 Selling pounds has been a
favourite game of the $5.1 trillion-a-day global currency market
for over two years. But as the Brexit endgame plays out and
'worst case' scenarios ebb, market metrics and dynamics. . .
16h03 Germany and its
European Union partners have an interest in a close relationship
with Britain after it leaves the bloc, Chancellor Angela Merkel
said on Wednesday, adding that it was now up to London. . .
16h02 United Technologies Corp beat
analysts' estimates for fourth-quarter profit on Wednesday,
boosted by a lower tax rate and double-digit sales growth at its
aerospace businesses, sending the industrial conglomerate's
shares up 5 percent.. . .
15h56 Russia slightly increased its oil
production to 11.39 million barrels per day (bpd) on average
between Jan. 1 and Jan 22, a source familiar with the Energy
Ministry data told Reuters on Wednesday.. . .
15h51 India is poised to raise the
subsidies for the world's biggest food welfare programme by 6.5
percent for the fiscal year beginning April 1, the smallest
increase in three years, in the nation's interim. . .
15h49 Procter & Gamble Co raised its
full-year sales forecast and beat Wall Street estimates for
quarterly revenue and profit on Wednesday, driven by price
increases and robust demand for detergent and premium skin care
brands.. . .
15h48 Popolare di Bari is studying
a possible tie-up with other local mutual banks, two sources
said, as the Rome government said it was keeping an eye on the
situation at the troubled southern Italian. . .
15h45 The German government will fund a
research facility to offer firms in Germany know-how to develop
battery cells for electric vehicles (EVs), the science minister
said on Wednesday, seeking to compete with Asian producers. . .
15h41 The dollar edged lower but held
within sight of a three-week high on Wednesday as firmer stock
markets and commodity currencies such as the Australian dollar
prompted investors to trim their long dollar positions.. . .
15h40 Chicago soybean futures edged higher on
Wednesday as traders assessed the risk of further yield losses due to dry
conditions in Brazil while monitoring U.S.-China trade talks for signs of any
fresh export deals.. . .
15h32 Italian Deputy Prime Minister
Matteo Salvini said on Wednesday he hoped the French people
would not choose President Emmanuel Macron's party in European
parliament elections later this year, drawing a sharp response
from officials in. . .
15h29 Global markets recovered from
earlier losses on Wednesday as investors made a cautious return
to riskier assets, with U.S. futures and European stocks higher
even as worries about corporate and economic growth lingered.. . .
15h29 Norway's sovereign wealth fund, the
world's biggest, has bought six logistics properties in Chicago,
Nashville and Orlando together with real estate partner
Prologis, the fund said on Wednesday.. . .
15h28 South African
President Cyril Ramaphosa pledged on Wednesday that his
government would not interfere with the independence of the
Reserve Bank, despite a proposal by the ruling party to broaden
its focus to boost employment. . .
15h17 Chinese demand
for semiconductor manufacturing equipment has not slackened,
despite a slowdown in the country's economic growth and trade
frictions with the United States, the chief executive of
toolmaker ASML Holding NV told Reuters on. . .
15h16 Italy's economy
minister kept the door open on Wednesday to the potential
appointment of Bundesbank President Jens Weidmann as next head
of the European Central Bank, saying past stances should not
weigh on the decision.. . .
15h09 Qatar is preparing to issue a
tender for energy firms seeking a stake in its gas expansion
project, drawing interest from long-standing partners as well as
newcomers Chevron, Norway's Equinor and Italy's Eni, industry
sources. . .
15h05 Gold held steady on Wednesday after
posting its best daily gain in two weeks in the previous
session, with investors drawn to bullion as global equities
slipped on economic growth fears and the U.S.-China. . .
15h02 Metro Bank shares lost a
third of their value on Wednesday after the British lender
announced a sharp rise in exposure to higher-risk mortgages and
said profits would be hit by slowing growth, raising. . .
14h51 Japanese Prime
Minister Shinzo Abe said on Wednesday he will seek to use his
chairmanship of the Group of 20 leading economies to rebuild
trust in the global trade system and foster consensus. . .
14h36 The European Union's executive
said on Wednesday the bloc would do its utmost to avoid
extensive border controls between EU member state Ireland and
the British province of Northern Ireland regardless of how
Brexit goes,. . .
14h30 Malaysia will consider laws
to restrict imports of French products if Paris does not
withdraw plans to curb the use of palm oil in biofuels, Prime
Minister Mahathir Mohamad said in a letter to. . .
14h00 U.S. Army pilot Shaun Perez
spent ten hours flying an Apache helicopter over Afghanistan,
providing gun cover for Special Forces soldiers on the ground as
they hunted for high-value targets, guns and weapons.. . .
13h43 ** Sri Lanka's rupee
closed slightly weaker on Wednesday due to dollar demand from
importers and state banks, while investors remained cautious
over debt repayment by the government.
** Stocks edged higher from an eight-week. . .
13h40 A setback for Danish energy group
Orsted's plans to sell its domestic power network
and private customer businesses will not derail its global
expansion drive, the company's head of offshore wind said on
Wednesday.. . .
13h17 China has approved a plan to set
up a Nasdaq-style board for tech companies in Shanghai aimed at
improving their ability to raise funds, the official Xinhua news
agency reported on Wednesday.. . .
13h15 UK shares fell on Wednesday as fresh
worries about slowing global economic growth weighed on oil and
financial stocks, with Metro Bank losing almost a third of its
value after missing profit forecasts.. . .
13h11 InterGlobe Aviation Ltd, owner
of India's biggest airline by market share IndiGo, said its
third-quarter profit slumped 75 percent, dragged down by higher
crude prices and intense competition.. . .
13h11 Japanese Prime
Minister Shinzo Abe said on Wednesday he hopes there is a
transitional period for Britain's exit from the European Union
as many Japanese companies have made investment inroads into the
country.. . .
13h00 There was no sign of quick
relief for 800,000 federal workers going without pay because of
the partial government shutdown as the U.S. Senate scheduled
votes on competing proposals to end the month-long impasse. . .
13h00 As much as U.S. President
Donald Trump wants to boost markets through a trade pact with
China, he will not soften his position that Beijing must make
real structural reforms, including how it handles. . .
12h50 Most euro zone bond yields fell
on Wednesday after the Bank of Japan set the tone for further
easing ahead by warning of rising risks to its economy, and
ahead of Thursday's European Central. . .
12h49 Britain's premier luxury brand
Burberry said a no-deal Brexit would cost it tens of
millions of pounds in tariffs and severely disrupt the movement
of fabrics and finished products between its suppliers,
manufacturing centres and. . .
12h44 China's state-owned
offshore oil and gas producer CNOOC Ltd said it is
confident of achieving its spending target this year, the
highest since 2014, as its responds to a call to build up the
nation's. . .
12h17 Gazprom Neft, the oil
arm of Russian gas giant Gazprom, is studying the
possibility of its own liquefied natural gas (LNG) production in
the Arctic as it tries to monetise its vast natural gas
reserves.. . .
12h16 Deutsche Bank said
on Wednesday it had received requests for information from
regulators and law enforcement agencies around the world that
are investigating a money laundering scheme involving Danske
Bank.. . .
12h16 China's Union Life Insurance
is planning to sell a controlling stake that could be snapped up
by locals or foreigners looking to tap into the country's
growing demand for insurance products, three people familiar
with. . .
12h14 Malaysian shares fell on Wednesday,
underperforming other Southeast Asian markets ahead of a central
bank policy meeting and December inflation data, while Thai
stocks rose 1 percent with almost all sectors in positive
territory.. . .
11h57 European shares dipped on
Wednesday morning as a new batch of corporate updates prompted
fresh concerns, particularly on the tech sector, and added to
worries about a global growth slowdown and Sino-U.S. trade
negotiations.. . .
11h49 Emerging market stocks dipped on
Wednesday as fresh doubts over progress in U.S.-China trade
talks and global growth concerns weighed, while developing world
currencies held firmed against a resurgent dollar.. . .
11h38 British trade minister Liam Fox
will use a two-day trip to the World Economic Forum in Davos to
meet ministers from around the world to discuss rolling over
existing EU trade agreements after Britain. . .
11h35 The French government said it has
opened bids for a 300 megawatt solar power project as part of
the conversion programme for its Fessenheim nuclear power plant
that is due to be decommissioned by. . .
11h25 Apollo Global Management is to buy
packaging products maker RPC Group for 3.3 billion
pounds ($4.28 billion) in cash after months of negotiations,
marking the latest M&A deal for an industry in the midst. . .
11h24 The Bank of Japan cut its
inflation forecasts on Wednesday but maintained its massive
stimulus programme, with Governor Haruhiko Kuroda warning of
growing risks to the economy from trade protectionism and
faltering global demand.. . .
11h14 Subaru Corp said its sole
car factory in Japan, accounting for roughly 60 percent of
global production, could be out of action for almost two weeks
after it discovered a suspected defect in a. . .
10h48 Carrefour's shares rose
on Wednesday, after the French supermarket retailer expressed
confidence in its strategy plan even though sales growth slowed
slightly in the fourth quarter due to anti-government protests
in France.. . .
10h47 Egypt's stock exchange suspended
trading on Wednesday in the Sixth of October Development and
Investment Company (SODIC) and Madinet Nasr for
Housing and Development (MNHD) after the two firms
called off a planned merger.. . .
10h41 Hong Kong's main Hang Seng index
ended flat on Wednesday, while the China H-shares index rose, as
optimism over stimulus measures to boost economic growth in
China offset concerns about the tepid outlook for. . .
10h41 European companies listed on the
STOXX 600 index are expected to report a 4.8-percent
rise in earnings per share (EPS) in the fourth quarter, sharply
lower than forecasts last week, according to I/B/E/S Refinitiv.. . .
10h36 China's imports of livestock
feed grains sorghum and barley shrank further in December,
customs data showed on Wednesday, as Beijing's trade disputes
with major exporters continued to shrivel demand.. . .
10h12 China's imports of liquefied
natural gas (LNG) in December soared 25 percent from the same
period a year earlier to a monthly record of 6.29 million
tonnes, customs data showed on Wednesday.. . .
10h05 China's top search engine Baidu
Inc said on Wednesday it will improve its media
aggregating service after a complaint about the quality of the
service and its search results went viral on social media,
helping. . .
10h00 Chilean copper miner Antofagasta Plc
ended the year with annual output at the higher end of
its forecast, boosted by record fourth-quarter production as
well as better grades and output at its Centinela mine.. . .
09h44 Investors should focus on
"limiting losses rather than chasing large gains" in the Year of
the Pig, which will be a roller-coaster year for Hong Kong's
stock market, according to brokerage CLSA.. . .
09h43 Fujairah in the United Arab
Emirates has become the latest major port to ban a type of fuel
exhaust cleaning system to comply with a coming tightening in
rules regarding global sulphur emissions, mirroring. . .
09h10 Brazil's new
right-wing President Jair Bolsonaro threw out the welcome mat
for big business and foreign investors on Tuesday, telling a
summit of CEOs in Davos that his government would make the
country one of. . .
09h05 Egypt's fuel subsidy bill stood at
around 43.5 billion Egyptian pounds ($2.43 billion) in
July-December last year, Oil Minister Tarek El Molla told
Reuters on Wednesday, 14.7 percent down on the same period in
2017.. . .
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