LONDON (Reuters) – Oil prices slipped on Monday on weaker Chinese oil demand in the wake of the coronavirus outbreak and as traders waited to see if Russia would join other producers in seeking further output cuts. FILE PHOTO: An oil pump is seen just after sunset outside Saint-Fiacre, near Paris, France September 17, 2019.
PARIS (Reuters) – The Chinese embassy in Paris on Sunday urged the French government not to discriminate against Huawei as it selects suppliers for its 5G mobile network, saying it feared the company would face more constraints than rivals. FILE PHOTO: A smartphone with the Huawei and 5G network logo is seen on a PC
WASHINGTON (Reuters) – U.S. Energy Secretary Dan Brouillette said on Friday that Canada and Mexico could help export U.S. coal to Asia to get around the blocking of shipments by West Coast states concerned about the impact of the fuel on climate change. FILE PHOTO: Dump trucks haul coal and sediment at the Black Butte
VIENNA (Reuters) – Credit Suisse Chairman Urs Rohner does not expect to be voted out of office before his term ends after this week’s departure of Chief Executive Tidjane Thiam over a spying scandal. FILE PHOTO: Chairman Urs Rohner of Swiss bank Credit Suisse takes part in a panel discussion at the Swiss International Financial
WASHINGTON (Reuters) – U.S. President Donald Trump rolled out an eye-catching statistic in his State of the Union address Tuesday: the wealth held by the poorest half of American households increased three times as fast as the wealth held by the “1%” since he became president. U.S. President Donald Trump delivers a statement about his
NEW YORK (Reuters) – Uber Technologies Inc (UBER.N) and Lyft Inc (LYFT.O), the two leading U.S. ride-hailing companies, are on divergent paths as Uber pours money into money-losing side businesses while smaller rival Lyft focuses on moving people around. FILE PHOTO – A banner announcing the IPO of Uber Technologies Inc. hangs outside the New
FILE PHOTO: A man walks past the logo of Hyundai Motor during the 2019 Seoul Motor Show in Goyang, South Korea, March 28, 2019. REUTERS/Kim Hong-Ji/File Photo SEOUL (Reuters) – Hyundai Motor (005380.KS) and affiliate Kia Motors (000270.KS) plan to restart production at their Chinese factories on Feb. 17, a spokesperson said on Friday. They
APASEO EL GRANDE, Mexico (Reuters) – Toyota Motor Corp (7203.T) will ramp up production at its new Mexican plant to 100,000 vehicles a year by 2021 in a major step to shift production of its popular mid-size Tacoma pickup truck to Mexico from the United States, the company said on Thursday. A Toyota Motor Corp.
KUALA LUMPUR (Reuters) – Malaysian Prime Minister Mahathir Mohamad said on Thursday payments received to offset the costs of a high-value order could not be constituted as a bribe. FILE PHOTO: Malaysia’s Prime Minister Mahathir Mohamad looks on during an interview with Reuters in Putrajaya, Malaysia, December 10, 2019. REUTERS/Lim Huey Teng Mahathir was replying
NEW YORK (Reuters) – The dollar gained and a gauge of global equity markets surged for a third day as expectations of more central bank stimulus and media reports that suggest scientists are closing in on a vaccine for the deadly coronavirus boosted sentiment. U.S Treasury yields rose as traders welcomed early reports that a
LONDON (Reuters) – Expectations of more central bank stimulus lifted world stocks to their highest in more than a week on Wednesday, helping investors look past a mounting coronavirus death toll and policymakers’ concerns for the disease’s economic impact. FILE PHOTO: Investors sit in front of a board showing stock information at a brokerage house
Nike shoes are seen displayed at a sporting goods store in New York City, New York, U.S., May 14, 2019. REUTERS/Mike Segar (Reuters) – Nike Inc (NKE.N) said on Tuesday the coronavirus outbreak in China would have a financial impact on its operations in the country, its biggest growth market, sending the footwear maker’s shares
(Reuters) – Some companies have warned that a coronavirus outbreak in China could disrupt supply chains or hurt bottom lines as factories and shops shut and airlines suspend flights. FINANCIAL IMPACT: * Electrolux said the epidemic could have a material impact if its Chinese suppliers were further affected and that it was implementing contingency plans.
(Reuters) – U.S. stocks rallied on Monday, boosted by heavyweight technology shares and on surprise strength in U.S. manufacturing activity, following a sharp selloff last week on concerns about the economic impact from the fast-spreading coronavirus out of China. A trader works on the floor of the New York Stock Exchange shortly after the opening
People walk past a branch of Swiss bank Julius Baer in Zurich, Switzerland February 3, 2020. REUTERS/Arnd Wiegmann ZURICH (Reuters) – Julius Baer (BAER.S) will cut 300 jobs this year, its chief executive said on Monday, as the Swiss wealth manager looks to boost profitability after a double-digit percentage earnings fall during 2019. The private
FILE PHOTO: Workers are seen on the production line at Honda Motor’s new joint venture plant with Dongfeng Motor Group in Wuhan, Hubei province, China April 12, 2019. REUTERS/Norihiko Shirouzu SHANGHAI (Reuters) – Japanese automaker Honda Motor Co (7267.T) plans to resume car production at its China venture with Dongfeng Automobile (0489.HK) on Feb. 14,