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Updated: 9 hours 54 min ago

Trade hopes buoy Wall Street as China extends olive branch

Thu, 09/12/2019 - 02:36
Wall Street moved higher on Wednesday, led by tariff-sensitive technology and industrial stocks after China extended an olive branch ahead of next month's trade negotiations with the United States.

Global Markets: Stocks buoyed by trade hopes, bond yields up with ECB on deck

Thu, 09/12/2019 - 02:05
A gauge of global equity markets climbed on Wednesday on signs of gradual progress in the trade war between the United States and China, while bond yields rose as investors remained unconvinced what stimulus measures the European Central Bank will provide at its meeting on Thursday.

'Oracle of oil' T. Boone Pickens dies at 91

Thu, 09/12/2019 - 01:42
T. Boone Pickens, a celebrated corporate raider and energy industry magnate who built an empire out of an initial $2,500 investment, died on Wednesday at age 91.

Factbox: Purdue OxyContin settlement would rank among largest in pharma history

Thu, 09/12/2019 - 01:33
OxyContin maker Purdue Pharma LP has reached a tentative multibillion-dollar agreement with some plaintiffs aimed at settling thousands of lawsuits over its alleged role in the U.S. opioid crisis, Reuters reported on Wednesday, citing people familiar with the matter.

White House urges biofuel industry to take deal boosting blending mandates - sources

Thu, 09/12/2019 - 01:06
White House officials on Wednesday urged U.S. biofuel producers to accept the administration's offer to raise biofuel blending mandates next year by 5% even if it falls short of their demands, and said a deal must be reached by Friday, three sources familiar with the matter said.

Oil prices slide 2% after report Trump weighed easing Iran sanctions

Thu, 09/12/2019 - 00:35
Oil prices tumbled more than 2% on Wednesday after a report that U.S. President Donald Trump weighed easing sanctions on Iran, which could boost global crude supply at a time of lingering worries about global energy demand.

China exempts some U.S. goods from retaliatory tariffs as fresh talks loom

Thu, 09/12/2019 - 00:08
U.S. President Donald Trump on Wednesday welcomed China's decision to exempt some U.S. anti-cancer drugs and other goods from its tariffs, days ahead of a planned meeting aimed at defusing a trade war between the world's two largest economies.

German software firm TeamViewer sets IPO price range at up to 5.5 billion euros

Wed, 09/11/2019 - 23:53
German software company TeamViewer set the price range for its planned listing on the Frankfurt stock exchange on Wednesday, valuing it at up to 5.5 billion euros ($6.05 billion) in one of Europe's largest IPOs of the year.

Trump reverses course, seeks negative rates from Fed 'boneheads'

Wed, 09/11/2019 - 23:35
U.S. President Donald Trump on Wednesday called on the "boneheads" at the Federal Reserve to push interest rates down into negative territory, a move reluctantly used by other world central banks to battle weak economic growth that risks punishing savers and banks' earnings in the process.

Foreign trophy hunters scent bargains in Britain as pound weakens

Wed, 09/11/2019 - 22:10
From pubs to theme parks, sterling's near record lows against other major currencies has encouraged overseas buyers to snap up "UK Plc", with more bargain hunters expected.

GM recalls 3.8 million vehicles in North America due to braking issue

Wed, 09/11/2019 - 22:09
General Motors Co said Wednesday it was recalling 3.46 million U.S. pickup trucks and SUVs to address a vacuum pump issue that could make braking more difficult and that has been linked to 113 accidents and 13 injuries.

Wall Street mixed as investors flee growth for value

Wed, 09/11/2019 - 05:35
The S&P 500 ended little changed on Tuesday, with a rally in energy and industrial shares countering a drop in the technology and real estate sectors as investors favoured value over growth.

Apple reveals triple-camera iPhone; $5 monthly streaming TV undercuts Disney

Wed, 09/11/2019 - 05:34
Apple Inc caught up with hardware rivals on Tuesday by revealing a triple-camera iPhone, and it rolled out a streaming TV service priced at $5 a month, undercutting Disney and Netflix.

White House adviser plays down expectations for U.S.-China talks

Wed, 09/11/2019 - 05:05
A senior White House adviser tamped down expectations on Tuesday for the next rounds of U.S.-China trade talks, urging investors, businesses and the public to be patient about resolving the two-year trade dispute between the world's two largest economies.

Fitness startup Peloton Interactive targets up to $1.33 billion in IPO

Wed, 09/11/2019 - 04:13
Peloton Interactive Inc, the fitness startup known for on-demand workout programs on its exercise bikes, is planning to raise up to $1.33 billion in an initial public offering.

WeWork presses on with IPO, pushing SoftBank into a corner

Wed, 09/11/2019 - 03:57
Office-sharing startup WeWork is pressing ahead with plans to go public despite lukewarm interest in its shares, three sources said, leaving its largest investor, SoftBank Group , with a stark choice: take a haircut or pony up even more cash.

Oil falls on possibility of Iran exports resuming after Trump fires hard-line adviser

Wed, 09/11/2019 - 02:46
Oil prices edged lower on Tuesday after U.S. President Donald Trump fired national security adviser John Bolton, who took a strident stance against Iran, raising speculation of a return of Iranian crude exports to the market.

Global Markets: Bond yields climb, stocks dip on shifting ECB views

Wed, 09/11/2019 - 02:04
A gauge of world stock markets fell for the first time in five sessions and bond yields rose on Tuesday, as uncertainty grew over the mix of stimulus the European Central Bank will add to boost a slumping economy this week amid fresh signs global growth was slowing.

Factbox: Prosus, tech heavyweight with Tencent stake, to list in Amsterdam

Wed, 09/11/2019 - 01:12
South African e-commerce group Naspers is listing its international internet assets, including its 31% stake in China's Tencent , in Amsterdam on Wednesday under the name of Prosus.

Naspers takes Tencent stake out of Africa with Prosus listing

Tue, 09/10/2019 - 23:30
South African e-commerce group Naspers is listing its global empire of consumer internet assets under the name of Prosus on Wednesday - and the jewel in the crown is a 31% stake in Chinese tech titan Tencent.