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,...
By David Lawder WASHINGTON, June 1 (Reuters) - U.S. President Donald Trump has little choice but to stick with his Phase 1 China trade deal despite his anger at Beijing over the coronavirus pandemic, new Hong Kong security rules, and dwindling hopes China can meet U.S. goods purchase targets, people...
Scott Murdoch (REUTERS) HONK KONG Alibaba Group will carry out Hong Kong’s first paperless stock market listing with its $13.4 billion share sale, according to a source with knowledge of the matter, ending the long-held tradition of Hong Kong investors queuing in bank branches to place stock orders. The decision to fully...
LONDON, June 18 (Reuters) - Britain has so far approved the spending of 3.5 billion pounds ($4.38 billion) to keep its railways running during the coronavirus pandemic, the government said on Thursday. Under emergency measures brought in on March 23 for six months, the government has been providing financial support...
LONDON, May 8 (Reuters) - Currencies closely linked to global trade rose on Friday boosted by news that U.S. and Chinese negotiators had agreed to strengthen cooperation over a trade deal and as more governments slowly reopened their economies. Top U.S. and Chinese trade representatives discussed their Phase 1 trade...
New York Times WASHINGTON A growing movement by foreign governments to tax American tech giants that supply internet search, online shopping and social media to their citizens has quickly emerged as the largest global economic battle of 2020. The fight pits traditional allies against each other, with European countries like France, Italy...
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...
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...
SYDNEY Airport passenger traffic in the Asia-Pacific region is expected to take a 24 percent hit in the first quarter from the coronavirus, leading to a $3 billion decline in airport revenue and placing pressure on growth projects, an industry group said on March 9. Airports Council International (ACI) Asia-Pacific said...
By James Davey LONDON, May 9 (Reuters) - The British government has told airlines it will introduce a 14-day quarantine period for most people arriving from abroad to try to avoid a second peak of the coronavirus pandemic, an association representing the airlines said on Saturday. Airlines UK, which represents British...