TOKYO (Reuters) Oil prices fell December 9 after data showing China’s overall exports of goods and services shrank for a fourth straight month, sending shivers through a market already concerned about damage being done to global demand by the Sino-U.S. trade war. Brent futures were down 33 cents, or 0.5 percent,...
Ana Swanson and Alan Rappeport (New York Times) The United States and China have settled on final terms of a phase one trade deal, moving both countries closer to signing a pact that President Donald Trump originally announced in October, four people familiar with the negotiations said. Trump met with his...
SAN FRANCISCO Apple Inc and Intel Corp on Wednesday filed an antitrust lawsuit against Fortress Investment Group, alleging the SoftBank Group Corp unit stockpiled patents to hold up tech firms with lawsuits demanding as much as $5.1 billion. The suit follows an earlier case that Intel filed against Fortress in October....
Praveen Paramasivam (REUTERS) Lululemon Athletica Inc. forecast holiday quarter profit largely below analysts’ expectations as the athleisure pioneer invests heavily to launch new products to fend off intensifying competition. The company’s shares fell a little over 4 percent in extended trading. They have nearly doubled in value this year as a...
Doreen Carvajal (The New York Times) MADRID – Manolo Osuna lacks a formal art education, but he has spent years roaming the galleries of the Prado Museum as a guard and leader of a seven-person moving brigade that hefts national treasures by Spanish masters like Velázquez and Goya around the...
Olga Cotaga (REUTERS) LONDON Sterling kept within its recent trading range on Thursday but this week could prove its second best so far this month as expectations that the Conservative Party may win a majority in the Dec. 12 national election fuel investors' optimism. British Prime Minister Boris Johnson's Conservatives have a...
Michael Nienaber and Rene Wagner /(REUTERS) BERLIN The German economy escaped a recession in the third quarter as consumers, state spending and construction drove a 0.1% quarterly expansion, defying expectations of another contraction in Europe's largest economy, preliminary data showed on Thursday. On an annual basis, gross domestic product expanded 0.5% from...
Marc Jones (REUTERS) LONDON World shares and benchmark government bond yields inched higher on Tuesday, as investors awaited a speech by U.S. President Donald Trump on U.S. trade policy and an inevitable maelstrom of headlines. Hopes for the speech were two-fold. Firstly, that there would be reassurances that China talks were progressing,...
LJUBLJANA The Slovenian parliament said it passed for the second time a law on Friday requiring the Bank of Slovenia to cover all possible repayments to those who lost their investments during the country's 2013 bank overhaul. The move overruled a veto of the law last month by the State Council,...
Barbara Lewis (REUTERS) LONDON European steel lobby Eurofer plans to raise concerns with the European Commission over Chinese group Jingye's proposed rescue of British Steel, saying the deal may flout rules on fair competition. In what would be the first takeover by a Chinese company of steel mills in the European Union,...