FILE PHOTO: Employees of Pacific Gas & Electric (PG&E) work in the aftermath of the Camp Fire in Paradise, California, U.S., November 14, 2018. REUTERS/Terray Sylvester/File Photo (Reuters) – California’s power producer PG&E Corp (PCG.N) said late on Thursday that it has filed for an amended reorganization plan, adding that it remains on track to
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SYDNEY (Reuters) – Asian share markets jumped on Friday as a last-gasp Sino-U.S. trade deal and a likely major election win by Britain’s Conservative Party looked to have cleared a couple of dark clouds from the global horizon. FILE PHOTO: A woman points to an electronic board showing stock prices as she poses in front
(Reuters) – U.S. stocks hit record highs on Thursday after President Donald Trump tweeted that Washington was “very close” to a trade deal with Beijing and on a report that U.S. trade negotiators had offered to cancel a new round of tariffs on Chinese goods. FILE PHOTO: Traders work on the floor at the New
RIYADH/DUBAI (Reuters) – Saudi Aramco (2222.SE) hit the $2 trillion target sought by Saudi leader Crown Prince Mohammed bin Salman on Thursday as its shares clocked up a second day of gains, defying some scepticism about the state-owned oil firm’s long-term value. Amin H. Nasser, President and CEO of Aramco, attends the official ceremony marking
NEW YORK (Reuters) – The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and low unemployment expected to continue through next year’s presidential election. FILE PHOTO: A cyclist passes the Federal Reserve building in Washington, DC, U.S., August 22, 2018.
WASHINGTON, (Reuters) – The U.S. Federal Reserve on Wednesday held interest rates steady and signaled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and low unemployment expected to continue through next year’s presidential election. FILE PHOTO: Federal Reserve Board Chairman Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs
The logo of Down Jones Industrial Average stock market index listed company Home Depot is seen in Encinitas, California April 4, 2016. REUTERS/Mike Blake (Reuters) – Home improvement chain Home Depot Inc (HD.N) on Wednesday forecast fiscal 2020 sales growth below Wall Street expectations. The company, ahead of its analyst day on Wednesday, said it
MEXICO CITY/WASHINGTON (Reuters) – Top officials from Canada, Mexico and the United States signed a fresh overhaul of a quarter-century-old trade pact on Tuesday that aims to improve enforcement of worker rights and hold down prices for biologic drugs by eliminating a patent provision. The signing ceremony in Mexico City launched what may be the
NEW YORK (Reuters) – Exxon Mobil Corp won a major victory in a closely-watched lawsuit on Tuesday when a judge ruled that the company did not defraud investors out of up to $1.6 billion by hiding the true cost of climate change regulation. The ruling by Justice Barry Ostrager in Manhattan Supreme Court followed a
WASHINGTON (Reuters) – Growth of U.S. labor costs was not as robust as initially thought in the third quarter, suggesting inflation could remain tame for a while. FILE PHOTO: Work crews construct a new hotel complex on oceanfront property in Encinitas, California, U.S., November 26, 2019. REUTERS/Mike Blake The sharp downward revision to labor costs,
SHANGHAI (Reuters) – Asian equity markets eased slightly on Tuesday, tracking Wall Street declines as investors fretted over a Dec. 15 deadline for the next round of U.S. tariffs on Chinese imports to take effect. FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province,
FILE PHOTO: The Apple Inc. logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar SAN JOSE, California – (Reuters) – Apple Inc on Monday told a federal court it has “deep concerns” that two Chinese-born former employees accused of stealing
WASHINGTON (Reuters) – Trial began Monday over an effort by U.S. state attorneys general, led by New York and California, to stop T-Mobile U.S. (TMUS.O) from buying Sprint Corp (S.N), in a case that highlights disagreements between federal antitrust enforcers, who are Republican, and Democrats in powerful states. Attorneys for the 13 states and the
FILE PHOTO: U.S. Trade Representative Robert Lighthizer testifies before a Senate Finance Committee hearing on “The President’s 2019 Trade Policy Agenda and the United States-Mexico-Canada Agreement” on Capitol Hill in Washington, U.S., June 18, 2019. REUTERS/Leah Millis (Reuters) – House Democrats and U.S. Trade Representative Robert Lighthizer are nearing a deal to pass a revised
WASHINGTON (Reuters) – Friday’s booming U.S. jobs report should give the Federal Reserve all it needs to stick to its plan not to cut interest rates further in the near future, so when U.S. central bankers meet this week, most of the focus will be on their outlook for next year and beyond. FILE PHOTO:
FILE PHOTO: A company logo is pictured outside a Tesco supermarket in Altrincham northern England, April 16, 2016. REUTERS/Phil Noble/File Photo LONDON (Reuters) – Britain’s biggest supermarket chain Tesco (TSCO.L) said on Sunday it had started a review of its businesses in Thailand and Malaysia, including looking at a possible sale. Celebrating its 100th anniversary,
FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China August 6, 2019. REUTERS/Aly Song BEIJING (Reuters) – China’s exports in November shrank for the fourth consecutive month, customs data showed on Sunday, confounding market expectations for a rise and underscoring persistent pressures on manufacturers from the Sino-U.S. trade dispute. The
WASHINGTON (Reuters) – Swedish mobile telecoms company Ericsson (ERICb.ST) has agreed to pay over $1 billion to resolve probes into corruption, including the bribing of government officials, the U.S. Department of Justice said on Friday. FILE PHOTO: An Ericsson logo is pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. REUTERS/Aly Song
WASHINGTON (Reuters) – Negotiators working to close a new North American trade deal have made “good progress” but many elements are not yet resolved, Mexico’s deputy foreign minister said on Friday. FILE PHOTO: Mexico’s Deputy Foreign Minister for North America, Jesus Seade, reacts during the delivery of the United States-Mexico-Canada Agreement (USMCA) deal at the
NEW YORK (Reuters) – The dollar rose and global equity markets soared on Friday after data showed U.S. job growth increased by the most in 10 months in November, putting to rest recession fears and briefly taking the spotlight off contentious U.S.-China trade talks. FILE PHOTO: Traders work on the floor of the New York
FILE PHOTO: A sign of Saudi Aramco’s initial public offering (IPO) is seen during a news conference by the state oil company at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. REUTERS/Hamad I Mohammed/File Photo DUBAI (Reuters) – Saudi Aramco shares will start trading on Dec. 11, the Saudi securities exchange Tadawul
SAN FRANCISCO (Reuters) – The Communications Workers of America union filed a federal labor charge against Alphabet Inc’s (GOOGL.O) Google on Thursday, accusing the company of unlawfully firing four employees to deter workers from engaging in union activities. FILE PHOTO: The Google logo is pictured at the entrance to the Google offices in London, Britain
(Reuters) – Mark Wiseman, global head of active equities at BlackRock Inc (BLK.N), is leaving the firm following a violation of the company’s “relationships at work policy,” the world’s largest asset manager said in an internal memo on Thursday. Mark Wiseman, Global Head of Active Equities and Chairman of BlackRock Alternative Investors at BlackRock LLC,
FILE PHOTO: Britain’s Chancellor of the Exchequer Sajid Javid takes a tour ot Bolton Lads & Girls club in Bolton, Britain, November 26, 2019. REUTERS/Phil Noble/Pool LONDON (Reuters) – Britain is unlikely to cut off ties to the European Union at the end of 2020 without having a free trade deal in place, finance minister
FILE PHOTO: The CBS Television Studios campus is seen in Los Angeles, California, U.S. August 3, 2018. REUTERS/Lucy Nicholson (Reuters) – CBS Corp and Viacom Inc completed their merger on Wednesday, reuniting media mogul Sumner Redstone’s U.S. entertainment empire. The combined entity, ViacomCBS Inc VIACA.O VIAC.O, is controlled by National Amusements Inc, the holding company
NEW YORK (Reuters) – Government debt yields and a gauge of global equity markets rose on Wednesday as sentiment improved after U.S. President Donald Trump said trade talks with China were going “very well” and a news report suggested key differences were being ironed out. FILE PHOTO: The German share price index DAX graph is
SINGAPORE (Reuters) – Asian shares extended losses on Wednesday after U.S. President Donald Trump said a trade deal with China might have to wait until after the 2020 presidential election, dashing hopes for a quick preliminary agreement. FILE PHOTO: People pass a stock board showing stocks in red outside the Singapore Exchange in the central
NEW YORK (Reuters) – A comment by President Donald Trump that a deal to end the U.S.-China trade war might not come until after the November 2020 election weighed on global stock markets on Tuesday, sending investors to the safety of bonds. A trader works on the floor of the New York Stock Exchange shortly
(Reuters) – U.S. stocks were set to drop at the open on Tuesday after comments from President Donald Trump sparked fears of a delay in resolving a bruising tariff dispute with China until after the presidential election in November 2020. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in
SHANGHAI (Reuters) – Asian shares fell on Tuesday after U.S. President Donald Trump stunned markets by imposing tariffs on imports from Brazil and Argentina, rekindling fears over global trade tensions, while weak U.S. factory data added to the investor gloom. FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage
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