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French business activity picked up in October - PMI

Wed, 11/06/2019 - 14:24
French business activity picked up in October from September, a survey showed on Wednesday, as the euro zone's second-biggest economy displays resilience in an uncertain economic landscape.

China to resume imports of Canadian beef and pork

Wed, 11/06/2019 - 14:19
China will resume imports of Canadian beef and pork, Prime Minister Justin Trudeau said on Tuesday, some four months after Beijing blocked shipments amid an escalating diplomatic feud between the two countries.

Tesla plans after-sales network expansion in China as Shanghai factory spins up

Wed, 11/06/2019 - 14:15
Tesla Inc plans to double the number of repair and maintenance shops, add about 100 charging stations and revamp showrooms in China as the electric vehicle maker gears up to open its Shanghai plant.

Weak clothing sales hit Britain's M&S profit

Wed, 11/06/2019 - 14:06
Britain's Marks & Spencer reported on Wednesday a 17% drop in first-half profit, dragged down by falling clothing sales, illustrating the bumpy path of its latest attempt at a turnaround after over a decade of false dawns.

Air France-KLM plans sales and efficiency drive to lift profit

Tue, 11/05/2019 - 16:06
Air France-KLM will combine a sales drive with efficiencies including better fleet management to lift profit margins to 7-8% over the medium term, the airline group's Chief Executive Ben Smith told investors on Tuesday.

Operating an airline in France is not easy, costs high - Air France KLM CEO

Tue, 11/05/2019 - 16:06
Air France KLM is lobbying authorities in France as it pushes to try and make the market more competitive, the group's top boss said on Tuesday, adding that tax bills and the cost of operating out of airports there was higher than elsewhere.

Suzuki braces for bumpy road ahead after second-quarter profit tumbles on India market woes

Tue, 11/05/2019 - 16:01
Suzuki Motor Corp said quarterly profit plunged by almost a third on slumping car demand in India, its biggest market, and Japanese automaker slashed its full-year vehicle sales outlook.

Explainer: World's biggest trade pact shapes up without India

Tue, 11/05/2019 - 15:59
Although India pulled out at the last minute, China and 14 other countries agreed in Bangkok this week on plans for what could become the world's biggest trade agreement - the Regional Comprehensive Economic Partnership (RCEP).

Oil gains on optimism over U.S.-China trade deal

Tue, 11/05/2019 - 15:56
Oil prices rose on Tuesday on positive economic data and hopes for a Washington-Beijing trade deal that will lead to a de-escalation in tensions between the world's top economies.

China presses Trump for more tariff roll-backs in 'phase one' trade deal

Tue, 11/05/2019 - 15:50
China is pushing U.S. President Donald Trump to remove more tariffs imposed in September as part of a "phase one" U.S.-China trade deal, people familiar with the negotiations said on Monday.

Hugo Boss sees recovery elsewhere after Hong Kong hit

Tue, 11/05/2019 - 15:45
Hugo Boss expects sales and operating profit to recover in the fourth quarter, helped by more modern stores and growth in mainland China and ecommerce, after the German fashion house reported falling sales in the United States and Hong Kong.

Chinese yuan surges to three-month high on trade optimism, 'tiny' rate cut

Tue, 11/05/2019 - 15:38
China's offshore yuan surged past 7 per dollar to three-month highs on Tuesday, benefiting from signs Beijing and Washington are approaching a trade deal and also from the Chinese central bank's decision to trim lending rates by only 5 basis points.

Floundering tech bets put spotlight on SoftBank results, Son

Tue, 11/05/2019 - 15:37
SoftBank Group Corp and its founder Masayoshi Son face a day of reckoning on Wednesday when the investment juggernaut is likely to post weak quarterly results, hit by hefty falls in the valuation of some of its biggest tech bets.

UK service sector stagnates as Brexit worries hurt orders

Tue, 11/05/2019 - 15:34
Britain's services sector stagnated last month as concerns about Brexit caused new orders to fall at the fastest rate in six months, according to a monthly survey that suggests the economy made a subdued start to the final quarter of 2019.

Bullet dodged? Markets bet global recession averted

Tue, 11/05/2019 - 15:33
World shares climbed back towards record highs on Tuesday, as hopes that Washington may roll back some of the tariffs it has imposed on Chinese imports rekindled optimism on the global economic outlook.

Xerox exits Fujifilm venture with $2.3 billion stake sale to Japan partner

Tue, 11/05/2019 - 15:19
Xerox Holdings Corp will sell its 25% stake in Fuji Xerox, its joint venture with Fujifilm Holdings , for $2.3 billion (£1.8 billion), after investor activism scuppered a deal involving the two companies.

IndiGo, Qatar Airways to announce strategic deal

Tue, 11/05/2019 - 14:53
India's largest airline, IndiGo , and Qatar Airways will make a strategic business announcement on Thursday, which media reports said would involve a codeshare agreement.

Euro zone slowdown doesn't mean recession - ESM's Regling

Tue, 11/05/2019 - 14:16
A slowdown in economic growth in the euro zone since last year may be sharper than expected, but that does not necessarily mean a recession is looming, Klaus Regling, head of the euro zone's bailout fund, said on Tuesday.

OPEC sees its oil market share shrinking, lowers demand view

Tue, 11/05/2019 - 14:14
OPEC will supply a diminishing amount of oil in the next five years as output of U.S. shale and other rival sources expands, the exporter group said, despite a growing appetite for energy fed by global economic expansion.

India gold demand to hit three-year low as prices surge to record - World Gold Council

Tue, 11/05/2019 - 13:55
India's gold demand is expected to fall to its lowest level in three years in 2019, the World Gold Council (WGC) said on Tuesday, as domestic prices climb to a record against a backdrop of falling earnings in rural areas, a key source of custom for the precious metal.

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