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Updated: 22 hours 25 min ago

Japan expects little impact from U.S. scrapping Iran oil waivers

Tue, 04/23/2019 - 06:56
Japan expects a limited impact from the U.S. decision not to renew waivers previously granted on Iran oil import sanctions, the country's trade and industry minister said on Tuesday.

Indian junk bonds make a comeback, issuance soars

Tue, 04/23/2019 - 06:51
Sales of Indian junk bonds have made a big comeback in 2019, almost tripling to hit a five-year high, boosted by a risk-on rally prompted by a dovish U.S. Federal Reserve that has given the Asia market a record start to the year.

China iron ore slips on tepid demand amid steel output curbs

Tue, 04/23/2019 - 06:45
Iron ore futures in China edged lower in early trade on Tuesday as demand eased in the wake of a move to restrict production in top steelmaking city of Tangshan, but losses were modest amid hopes that steel mills will soon replenish their stocks.

U.S. to end all waivers on imports of Iranian oil, crude price jumps

Tue, 04/23/2019 - 06:02
The United States on Monday demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions, a move to choke off Tehran's oil revenues which sent crude prices to six-month highs on fears of a potential supply crunch.

Oil near 2019 highs after U.S. ends all Iran sanction exemptions

Tue, 04/23/2019 - 05:53
Oil prices were near 2019 highs on Tuesday after Washington announced all Iran sanction waivers would end by May, pressuring importers to stop buying from Tehran.

Global Markets: Asian shares steady after Easter weekend; oil hits 2019 highs

Tue, 04/23/2019 - 04:13
Asian shares were little changed on Tuesday, hovering not far from nine-month peaks hit last week, with concerns China may slow the pace of policy easing curbing the market's enthusiasm.

Facebook hires State Department lawyer as general counsel

Tue, 04/23/2019 - 03:51
Facebook Inc on Monday named the legal adviser to the U.S. State Department as its general counsel, as the social media giant faces growing regulatory hurdles and privacy concerns.

Kraft Heinz's new CEO looks beyond cost-cutting, big M&A

Tue, 04/23/2019 - 03:29
Kraft Heinz Co's incoming chief executive, Miguel Patricio, is indicating a change in strategy for the packaged food company that could move it away from the aggressive cost-focused culture that has been in place since the company was created in 2015.

South Korean creditors to provide $1.4 billion support to Asiana Airlines

Tue, 04/23/2019 - 03:05
South Korean creditors plan to provide 1.6 trillion won ($1.4 billion) of financial support to debt-laden Asiana Airlines to address the carrier's liquidity problems, the country's finance minister said on Tuesday.

Barclays to cut investment bankers' bonuses: FT

Tue, 04/23/2019 - 02:37
Barclays Plc is planning to cut bonuses for investment bankers as it steps up its defence against activist investor Edward Bramson ahead of next week's annual meeting, the Financial Times reported on Monday.

China's Didi recruits Colombian drivers ahead of Bogota launch

Tue, 04/23/2019 - 02:15
Chinese ride-hailing giant Didi Chuxing said on Monday it is beginning to recruit drivers ahead of its launch in Colombia's capital Bogota in the coming months.

Samsung delays Galaxy Fold phone launch over screen problems

Tue, 04/23/2019 - 01:18
Samsung Electronics Co Ltd said on Monday it would delay the retail launch of its Galaxy Fold smartphone for an unspecified period of time after reviewers discovered problems with the display, a hit to the reputation of the world's largest handset maker.

Wall Street near flat in quiet session ahead of earnings wave

Tue, 04/23/2019 - 00:58
U.S. stocks ended a low-volume trading session little changed on Monday, with the biggest gains in the energy sector as investors otherwise stayed on the sidelines ahead of quarterly earnings.

Halliburton sees signs of price recovery, shares dip

Tue, 04/23/2019 - 00:58
Halliburton Co sought to convince investors on Monday that weak pricing which has undermined oilfield services providers over four years was on the verge of turning a corner.

Cain withdraws from Fed consideration, citing lower pay, influence

Tue, 04/23/2019 - 00:32
Herman Cain, facing resistance from his own political party as U.S. President Donald Trump's pick to fill a seat on the Federal Reserve Board, withdrew Monday from consideration for the post, citing what he said would be a decrease in influence and pay.

T-Mobile, Sprint lobby regulators to win U.S. approval for tie-up

Tue, 04/23/2019 - 00:27
Senior executives at T-Mobile US Inc and Sprint Corp made the case to U.S. officials in Washington last week that they should approve a planned tie-up between the two wireless companies, arguing a combined firm would have incentives to "aggressively lower prices."

Vegan burger maker Beyond Meat plans to raise up to $183.8 million in IPO

Tue, 04/23/2019 - 00:23
Plant-based meat maker Beyond Meat Inc is planning to raise up to $183.8 million from an initial public offering, looking to tap into the growing popularity of veganism.

Textron sees final certification of Longitude jet in third quarter

Tue, 04/23/2019 - 00:00
Textron Inc said on Wednesday it expects the final certification of its newest Longitude business jet in the third quarter of 2019, after it was delayed for several months.

Whirlpool profit beats on price hikes, shares jump

Mon, 04/22/2019 - 23:52
Appliances maker Whirlpool Corp beat analysts' estimates for quarterly profit on Monday, fuelled by price increases to counter higher raw material and freight costs.

USTR names new general counsel to replace departing Vaughn

Mon, 04/22/2019 - 23:42
U.S. Trade Representative Robert Lighthizer said on Monday that his agency's general counsel, Stephen Vaughn, will depart the Trump administration in coming weeks and be replaced by veteran Washington lawyer Joseph Barloon.