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Updated: 9 hours 28 min ago

Broadcom in advanced talks to buy Symantec - sources

Wed, 07/03/2019 - 09:47
Chipmaker Broadcom Inc is in advanced talks to buy cybersecurity firm Symantec Corp, according to sources familiar with the matter, as Broadcom seeks to diversify beyond semiconductors.

Eva Air cancels hundreds more flights as cabin crew strike drags on

Wed, 07/03/2019 - 09:47
Taiwan's Eva Airways has cancelled 550 more flights scheduled through mid-July as a cabin crew strike entered its 14th day, after latest negotiations on work conditions and wages broke down this week.

Singapore wealth fund GIC warns of low returns amid trade war

Wed, 07/03/2019 - 09:34
Singapore sovereign wealth fund GIC Pte Ltd said it is now more cautious about the investing environment than it was last year and is bracing for low returns due to high valuations and slowing economic growth.

Asian shares weaken as trade optimism fades

Wed, 07/03/2019 - 09:23
Asian shares fell on Wednesday as initial enthusiasm over the latest U.S.-China trade truce was overtaken by fresh concerns over Washington's threat of tariffs on additional European goods.

U.N. aviation agency to review global pilot training in shadow of 737 MAX crashes

Wed, 07/03/2019 - 09:08
Global regulators will meet in Montreal next week to review pilot licensing requirements, the U.N.'s aviation agency said, as part of a discussion that has gained urgency following two fatal crashes of Boeing 737 MAX aircraft in the past year.

White House's Navarro says China trade deal will take time - CNBC

Wed, 07/03/2019 - 08:52
White House trade adviser Peter Navarro said on Tuesday U.S. trade talks with China are heading in the right direction and any concessions to Beijing on Huawei Technologies were small in the context of a larger trade deal.

Trump announces nominees to fill two vacant Fed seats

Wed, 07/03/2019 - 08:52
U.S. President Donald Trump announced on Tuesday the names of two nominees to fill vacant posts on the Federal Reserve Board, after two of his earlier choices withdrew from consideration in the face of criticism.

Corrected: Gold jumps 1.5% as yields dropped on global on growth concerns

Wed, 07/03/2019 - 00:14
Gold prices rose 1.5% on Tuesday, a day after posting the biggest one-day percentage fall in 2-1/2 years, as U.S. Treasury yields fell on worries over global growth and renewed concerns over global trade.

Stocks stall as trade enthusiasm fades

Tue, 07/02/2019 - 23:58
U.S. stocks held near the unchanged mark on Tuesday as optimism over the U.S.-China trade truce faded after the United States threatened tariffs on additional European goods, stalling a recent rally.

Lagarde to rely on political skill to overcome shortcomings at ECB

Tue, 07/02/2019 - 23:56
A shrewd negotiator who has run the IMF but has little monetary policy experience, Christine Lagarde will face the challenge as the European Central Bank's new chief of having to revive the euro zone economy with a largely depleted policy arsenal.

UK economy may need more help as trade war, Brexit risks grow-BoE's Carney

Tue, 07/02/2019 - 23:54
Bank of England Governor Mark Carney said a global trade war and a no-deal Brexit were growing risks to Britain's economy which might need more help to cope with a downturn, prompting investors to increase their bets on a BoE interest rate cut.

EU leaders agree on France's Lagarde to lead ECB

Tue, 07/02/2019 - 23:43
European Union leaders agreed on Tuesday to name Frenchwoman Christine Lagarde as the new head of the European Central Bank and sealed a deal on filling the other four top jobs in the bloc after tortuous marathon talks exposed their deepening divisions.

Weak economic data, tariff concerns weigh on stocks globally

Tue, 07/02/2019 - 23:27
Weak U.S. and euro zone manufacturing data and Washington's threat to impose additional tariffs on European goods weighed on global stock markets on Tuesday, cooling a rally that pushed U.S. stocks to near-record highs the previous day.

Cyprus takes legal action against firms encroaching its exclusive economic zone

Tue, 07/02/2019 - 23:18
Cyprus has initiated legal proceedings against three companies involved in gas drilling by Turkey to the west of the island for encroaching on the island's continental shelf, a senior foreign ministry official said on Tuesday.

Scotch Whisky Association urges U.S. and EU to end trade stand-off

Tue, 07/02/2019 - 23:15
The Scottish government and the Scotch Whisky Association (SWA) urged the United States and the EU on Tuesday to end a trade dispute after Washington threatened tariffs on $4 billion of goods including Scotland's most famous export.

Lagarde to relinquish IMF duties during ECB nomination period

Tue, 07/02/2019 - 23:01
International Monetary Fund Managing Director Christine Lagarde said on Tuesday she is "honored" to be nominated for the European Central Bank presidency and will temporarily relinquish her IMF responsibilities during the nomination period.

EU leaders agree on top jobs: Tusk

Tue, 07/02/2019 - 22:49
European leaders have agreed on who should fill the top jobs for its main institutions for the next five years after a marathon summit, European Council President Donald Tusk and Luxembourg Prime Minister Xavier Bettel said on Twitter.

Oil dives 3% on demand worries even as OPEC, allies extend cuts

Tue, 07/02/2019 - 22:46
Oil prices fell about 3% on Tuesday, even after OPEC and allies including Russia agreed to extend supply cuts until next March, as weak manufacturing data had investors worried that a slowing global economy could dent oil demand.

Wall Street looks to earnings after strongest June in decades

Tue, 07/02/2019 - 22:43
On the heels of the S&P 500's best June performance in more than six decades, investors are anxious to see whether earnings can justify further gains as the largest U.S. companies open their books in the coming weeks.

Facebook campus given all-clear after sarin scare

Tue, 07/02/2019 - 22:38
Facebook Inc's Silicon Valley campus received the all-clear on Tuesday after fears that a package at its mail facility contained the nerve agent sarin.