European shares rose cautiously at the open with gains in the banking and the pharmaceutical sectors lifting the market amid speculation the U.S. Federal Reserve will take a dovish stance towards monetary policy at a meeting later on Wednesday. The pan-European STOXX 600 <.STOXX> index was up 0.3 percent by 0825 GMT after four straight […] Read more
The latest wave of heavy selling in financial markets is a clear sign of things to come, according to a new report from the world’s oldest international financial organization. The Bank of International Settlements (BIS), an umbrella group for the world’s central banks, warned on Sunday that a normalization of monetary policy is likely to […] Read more
The growing ranks of stock market Eeyores now have another reason to stay glum: Next year’s profit picture is darkening fast. Corporate earnings forecasts are eroding as the tailwind from the tax cut fades and as investors worry the U.S.-China trade dispute could upend global commerce more than it already has. Even after the second […] Read more
Walmart is doing its best to keep prices unaffected by the U.S.-China trade war, but if things escalate it could be a different story, CEO Doug McMillon said Thursday. “We worry about next spring, next summer, next fall what customers will have to pay if tariffs do escalate,” McMillon said in an interview with CNBC’s […] Read more
Asian stocks slid on Wednesday, dragged down by Wall Street’s tumble as sharp declines in long-term U.S. Treasury yields and resurgent trade concerns stoked investor worries about global economic growth. Global equities have been shaken as a flattening U.S. Treasury yield curve fans worries about a recession, and on growing doubts that Washington and […] Read more
The reduction could include the closing of up to five domestic plants. By Paul A. Eisenstein In the most far-reaching shake-up since the company emerged from bankruptcy more than eight years ago, General Motors will shutter three North American assembly plants and two other facilities, while also eliminating 15 percent of its salaried and salaried contract […] Read more
The leader of Papua New Guinea, host of this year’s APEC summit, Friday urged respect for international trade rules by “countries large and small” as spats between the US and China threatened to overshadow the gathering. As leaders from Asian Pacific nations prepared to fly in to Port Moresby for their annual meeting, Prime Minister […] Read more
WHITE PLAINS, N.Y. (Reuters) – Sears Holdings Corp (SHLDQ.PK) won U.S. bankruptcy court approval on Thursday to move forward with plans to stay in business and sell itself, even as it continues to evaluate offers to liquidate its business. FILE PHOTO: A store closing sale sign is posted next to a Sears logo in New […] Read more
Hong Kong’s Hang Seng jumped 4.2%, China’s Shanghai Composite rose 2.7%, Japan’s Nikkei gained 2.56% and South Korea’s Kopsi rose 3.5%. The FTSE 100 was up 0.78%, the CAC 40 in Paris rose 1.26% and the Dax in Frankfurt climbed 1.44%. Markets moved higher after Bloomberg reported US President Donald Trump wants to reach an […] Read more
1/SEVEN DEADLY… The real possibility of the yuan weakening to the 7-per-dollar mark last seen in 2008, hangs over China, emerging markets and global equities. The thinking so far has been that the risk of capital outflows, along the lines of what happened in 2016, would dissuade Beijing from allowing such a slide in the […] Read more
