Niyati Shetty (Reuters)
Australian shares rose for a sixth straight session on Friday, driven by healthcare stocks and as prospects of local monetary policy easing buoyed risk sentiment.
However, trading volumes were low in the region as U.S. financial markets were closed for a Thanksgiving holiday on Thursday.
The S&P/ASX 200 index...
Clyde Russell (Reuters)
LAUNCESTON, Australia
Coal prices around the world are gently sliding as demand from top importers such as China, India and even Europe remains subdued amid a so far mild northern winter. However, there is one exception.
South African coal export prices at Richards Bay have surged in recent months,...
Francesco Guarascio
BRUSSELS (Reuters) - The market for COVID-19 antibody tests is red-hot. It has ballooned in a matter of months as hundreds of products flood the world for people who want to find out whether they’ve already had the virus.
The problem is, some of them don’t work properly.
As a...
Vanessa Friedman (The New York Times)
Virgil Abloh, the founder of Off-White and the menswear designer of Louis Vuitton, is the kind of fashion figure that seems to demand comparison.
Almost every profile contains one buried somewhere in the text. He is “the Andy Warhol for our times” (The Guardian), he...
Alan Rappeport (New York TImes)
WASHINGTON
The Trump administration has formally objected to the World Bank’s plans to continue lending to China, the latest flashpoint in a long-running battle between the world’s largest economies.
The objection comes at a delicate moment, as Washington and Beijing try to reach a Phase 1 trade...
LAUNCESTON
Profits at Asian refineries are being buffeted by a combination of factors, chief among them uncertainty over how exactly new shipping fuel standards will play out and the rise of China as a product exporter.
Refinery margins in Asia have been knocked to the lowest since the financial crisis in...
Ana Swanson(New York Times)
WASHINGTON
The U.S. has spent two years chipping away at the World Trade Organization, criticizing it as unfair, starving it of personnel and disregarding its authority, as President Donald Trump seeks to upend the global trade system.
The Trump administration is expected to go one step further and...
Richa Naidu (Reuters)
Impossible Foods Inc. on January 6 launched a plant-based sausage patty that will be tested in 139 Burger King restaurants later this month, entering a category dominated by rival Beyond Meat.
Silicon Valley-based Impossible Foods, which supplies plant-based Whopper patties to Burger King in the United States, said...
MILAN, (Reuters)
Italy’s biggest bank UniCredit said on Tuesday it would buy back its stock this year to improve returns for investors, and shed 9 percent of staff under a new plan to 2023 to cut costs by 1 billion euros ($1.1 billion) in Western Europe.
Highlighting the challenge facing retail...
By Norihiko Shirouzu and Paul Lienert
May 14 (Reuters) - Electric car maker Tesla Inc plans to introduce a new low-cost, long-life battery in its Model 3 sedan in China later this year or early next that it expects will bring the cost of electric vehicles in line with gasoline...
