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Updated: 9 hours 29 min ago

Global Markets: Stocks, bond yields lifted by U.S.-China trade hopes

Sat, 09/14/2019 - 02:23
A gauge of global stocks rose for an eighth straight day and benchmark government bond yields climbed on Friday after signs of progress in U.S.-China trade talks, as well as a solid U.S. retail sales report, allayed recession worries.

Microsoft's Brad Smith: Tech companies won't wait for U.S. to act on social media laws

Sat, 09/14/2019 - 00:57
Microsoft Corp President and Chief Legal Officer Brad Smith said on Friday that U.S. tech companies will change how they moderate online platforms in response to new laws from foreign governments, regardless of whether U.S. lawmakers take action.

ECB hawks rally against Draghi's farewell stimulus

Sat, 09/14/2019 - 00:36
Conservative policymakers slammed the European Central Bank's lavish stimulus measures on Friday, voicing doubts about the need and effectiveness of a package that could consume most of the bank's remaining firepower.

Exclusive: WeWork considers dramatic valuation cut in IPO

Sat, 09/14/2019 - 00:17
WeWork owner The We Company may seek a valuation in its upcoming initial public offering of between $10 billion and $12 billion, a dramatic discount to the $47 billion valuation it achieved in January, people familiar with the matter said on Friday.

Crisis-hit Boeing readies huge effort to return 737 MAX to the skies

Fri, 09/13/2019 - 23:53
As Boeing Co sets its sights on winning approval to fly its 737 MAX within weeks, following a six-month safety ban, engineers around the world are rolling out plans for one of the biggest logistical operations in civil aviation history.

Three Atlantia employees arrested in probe linked to Genoa bridge collapse

Fri, 09/13/2019 - 23:47
Three employees of companies owned by infrastructure group Atlantia were placed under house arrest on Friday, police said, as part of an investigation into the safety of motorway viaducts following a bridge collapse in Genoa.

PG&E settles wildfire claims with insurers for $11 billion

Fri, 09/13/2019 - 23:12
PG&E Corp said on Friday it has reached an $11 billion settlement to resolve most claims by insurance carriers related to 2017 and 2018 wildfires in California.

Factbox: What needs to happen before Boeing's 737 MAX can fly again

Fri, 09/13/2019 - 23:00
Boeing Co's best-selling jet, the 737 MAX, was grounded globally in March, days after the crash of an Ethiopian Airlines flight that followed a similar Lion Air disaster in Indonesia in October. A total of 346 people died in the two crashes.

Malta must do more to fight money laundering, says European watchdog

Fri, 09/13/2019 - 22:57
Malta has been sharply criticised by an influential European monitoring body for inadequately tackling financial crime, in a report highlighting the risks of its large banking and online gambling sectors.

IMF has a decision to make in Argentina: rock or hard place?

Fri, 09/13/2019 - 22:48
The International Monetary Fund has a tough choice to make in Argentina: Unlock over $5 billion in funds under the country's loan deal as the government strains to stave off default, or hold the money back and risk sparking more market panic.

China to exempt U.S. pork, soybeans from additional tariffs: Xinhua

Fri, 09/13/2019 - 22:42
China will exempt some agricultural products from additional tariffs on U.S. goods, including pork and soybeans, China's official Xinhua News Agency said Friday, in the latest sign of easing Sino-U.S. tensions before a new round of talks aimed at curbing a bruising trade war.

Toyota using made-for-Tesla Panasonic batteries for China hybrids: Nikkei

Fri, 09/13/2019 - 05:51
Toyota Motor Corp has started using batteries that Panasonic Corp designed for Tesla Inc in some of its plug-in hybrids sold in China, the Nikkei business daily reported on Friday.

Hong Kong gold market losing shine amid political unrest

Fri, 09/13/2019 - 05:47
Long-running and sometimes violent street protests in Hong Kong are helping tarnish its lustre as the main physical gateway of gold to China, the world's top bullion buyer.

Japan firms push back capex plans as trade risks grow - Reuters survey

Fri, 09/13/2019 - 05:36
Most Japanese companies have put capital investment plans on hold as a result of the U.S.-China trade war and other global risks, a Reuters survey found, in a potential blow for Prime Minister Shinzo Abe's economic agenda.

Trump favours 'whole deal' with China, two sides prepare for trade talks

Fri, 09/13/2019 - 05:20
President Donald Trump said on Thursday he preferred a comprehensive trade deal with China but did not rule out the possibility of an interim pact, even as he said an "easy" agreement would not be possible.

Climate protesters arrested at Texas port ahead of U.S. presidential debate

Fri, 09/13/2019 - 05:18
Police on Thursday arrested Greenpeace climate protesters who closed part of a key oil export waterway for hours by tying themselves to a bridge and dangling over the water.

Japan Inc increasingly hit by trade war, but few shifting from China - Reuters poll

Fri, 09/13/2019 - 05:13
Half of Japanese companies have seen their profits hurt by the U.S.-China trade war, although few firms are planning to shift operations or supply chains out of China yet, a Reuters poll found.

Investing green is all the rage, but benchmarks still hazy

Fri, 09/13/2019 - 05:10
Global money managers and companies are rushing to meet a deadline to report on their carbon footprint, but the lack of a standard metric raises concerns their efforts could just be a box-ticking exercise in the transition from brown to green.

British supermarket Sainsbury's vows to halve plastic packaging by 2025

Fri, 09/13/2019 - 04:52
Britain's second-biggest supermarket, Sainsbury's , vowed on Friday to halve plastic packaging by 2025, promising to switch to alternative materials and refillable options to meet consumer demand for less waste.

Philippine fast food specialist Jollibee hungry to expand in U.S., China

Fri, 09/13/2019 - 04:46
Jollibee Foods Corp , the Philippine fast food specialist known for fried 'Chickenjoy' and chopped hotdogs in sweet spaghetti sauce, is doubling down on expansion plans in the United States and China that are likely to include more M&A.