Market News

Blackstone to end its stay at Hilton after 11 years

Global Business News Reuters - Fri, 05/18/2018 - 09:24
(Reuters) - After holding an interest in Hilton Worldwide Holdings Inc for nearly 11 years, private equity firm Blackstone Group LP has decided to exit the hotel chain operator by selling its about 5.8 percent stake.
Categories: Global news, Market News

Trump's bonfire of the treaties sweeps towards the WTO

Global Business News Reuters - Fri, 05/18/2018 - 08:36
GENEVA (Reuters) - President Donald Trump has the World Trade Organization in a chokehold, and the United States has made clear what he wants: no more judicial rulings that interpret WTO rules to Washington's disadvantage.
Categories: Global news, Market News

Clock ticking on post-Brexit flights - EU official

Global Business News Reuters - Fri, 05/18/2018 - 05:36
DUBLIN (Reuters) - There is still a possibility that flights will not be able to take place the day after Britain's planned departure from the European Union next year, an EU official said on Friday.
Categories: Global news, Market News

Dollar and oil pause ascent, bonds and gold lick wounds

Global Business News Reuters - Fri, 05/18/2018 - 05:32
LONDON (Reuters) - Calm returned to world markets on Friday after a rollercoaster week that has seen oil break $80 a barrel, government borrowing costs jump and emerging markets battered by a pumped-up dollar.
Categories: Global news, Market News

Snail cream, smelly fruit: Thai cosmetics, food firms tap into Chinese tourism boom

Global Business News Reuters - Fri, 05/18/2018 - 04:57
BANGKOK (Reuters) - The label on the pink and white box of face cream sold in a Bangkok hypermarket proudly declares that it is based on a "snail secretion filtrate moisture system". The Snail White branding - plus some positive internet reviews - is enough to have Chinese tourists recently lining up to buy the slime-infused product.
Categories: Global news, Market News

China denies it offered package to slash U.S. trade gap by $200 billion

Global Business News Reuters - Fri, 05/18/2018 - 04:23
BEIJING (Reuters) - China denied on Friday that it had offered a package to slash the U.S. trade deficit by up to $200 billion, hours after it dropped an anti-dumping probe into U.S. sorghum imports in a conciliatory gesture as top officials meet in Washington.
Categories: Global news, Market News

Elon Musk brings high-tech charm offensive to Los Angeles tunnel plan

Global Business News Reuters - Fri, 05/18/2018 - 03:25
LOS ANGELES (Reuters) - Billionaire entrepreneur Elon Musk promised a cheering crowd on Thursday that his controversial dream of burrowing a high-speed network of "personalized mass transit" tunnels under Los Angeles could be achieved without disturbance or noise at the surface.
Categories: Global news, Market News

Oil prices firm on OPEC cuts, strong demand and looming Iran sanctions

Global Business News Reuters - Fri, 05/18/2018 - 02:56
SINGAPORE (Reuters) - Oil prices held firm on Friday on strong demand, ongoing supply cuts led by producer cartel OPEC and looming U.S. sanctions against major crude exporter Iran.
Categories: Global news, Market News

Cambridge Analytica files for Chapter 7 bankruptcy

Global Business News Reuters - Fri, 05/18/2018 - 02:46
(Reuters) - Cambridge Analytica, the firm at the center of this year's Facebook privacy row, filed for voluntary Chapter 7 bankruptcy in a New York court late on Thursday.
Categories: Global news, Market News

China halts U.S. sorghum dumping probe amid signs of trade thaw

Global Business News Reuters - Fri, 05/18/2018 - 01:59
BEIJING/WASHINGTON (Reuters) - China said on Friday it was dropping an anti-dumping probe into imports of U.S. sorghum, a conciliatory gesture as top officials meet in Washington in an effort to head off a trade war between the world's two biggest economies.
Categories: Global news, Market News

Asia stocks steady as markets eye U.S.-China trade talks, dollar elevated

Global Business News Reuters - Fri, 05/18/2018 - 01:37
TOKYO (Reuters) - Asian stocks were steady on Friday amid caution over developments in U.S.-China trade negotiations, while the dollar perched near a five-month peak after the benchmark U.S. Treasury yield hit its highest in seven years.
Categories: Global news, Market News

Private equity firms bet on stock market's fixer-uppers

Global Business News Reuters - Fri, 05/18/2018 - 01:30
NEW YORK (Reuters) - Private equity firms, armed with a record $1 trillion in cash, are investing more in public companies than at any time since the financial crisis, buying those left behind in Wall Street's nine-year bull market.
Categories: Global news, Market News

U.S. bank stock gains may stall after two-year rally

Global Business News Reuters - Fri, 05/18/2018 - 01:23
(Reuters) - After two years of sharp gains for U.S. bank stocks, investors betting on another big boost for 2018 may be disappointed unless loan growth accelerates or regulations slacken considerably.
Categories: Global news, Market News

Uber chief product officer to leave in latest executive departure

Global Business News Reuters - Fri, 05/18/2018 - 00:33
(Reuters) - Uber Technologies Inc [UBER.UL] Chief Product Officer Jeff Holden is leaving the ride-hailing company, an Uber spokesman told Reuters on Thursday, the latest of more than a dozen senior executives to depart since last year.
Categories: Global news, Market News

Elon Musk brings technology charm offensive to Los Angeles tunnel plan

Global Business News Reuters - Fri, 05/18/2018 - 00:12
LOS ANGELES (Reuters) - Billionaire entrepreneur Elon Musk is bringing his technology charm offensive to an attempt at digging a tunnel beneath part of Los Angeles to test designs for a high-speed subterranean transportation network he envisions for the city.
Categories: Global news, Market News

Exclusive: Toyota plans to roll into China's EV market in GAC Motor vehicle

Global Business News Reuters - Thu, 05/17/2018 - 23:54
BEIJING (Reuters) - Toyota Motor Corp is taking an unprecedented route to meet China's stringent green car quotas: its showrooms will sell an electric vehicle without the Japanese company's distinctive triple-oval logo.
Categories: Global news, Market News

Oil steady on OPEC cuts, strong demand and looming Iran sanctions

Global Business News Reuters - Thu, 05/17/2018 - 23:22
SINGAPORE (Reuters) - Oil prices held firm on Friday on strong demand, ongoing supply cuts led by producer cartel OPEC and looming U.S. sanctions against major crude exporter Iran.
Categories: Global news, Market News

China offering Trump package to slash U.S. trade deficit, officials say

Global Business News Reuters - Thu, 05/17/2018 - 21:48
WASHINGTON (Reuters) - China is offering U.S. President Donald Trump a package of trade concessions and increased purchases of American goods aimed at cutting the U.S. trade deficit with China by up to $200 billion a year, U.S. officials familiar with the proposal said.
Categories: Global news, Market News

Asia stocks edge up, investors cautious on U.S.-China trade talks

Global Business News Reuters - Thu, 05/17/2018 - 21:03
TOKYO (Reuters) - Asian stocks edged up on Friday as investors kept a cautious watch on developments in U.S.-China trade negotiations, while the dollar was perched near a five-month peak against a basket of currencies thanks to the benchmark U.S. Treasury yield topping a seven-year high.
Categories: Global news, Market News

CBS votes to end Redstone control, needs court approval

Global Business News Reuters - Thu, 05/17/2018 - 19:26
(Reuters) - CBS Corp's board on Thursday voted to end Shari Redstone's control of the company, a move aimed at stopping a merger between CBS and sister company Viacom Inc and which will require approval by a Delaware court.
Categories: Global news, Market News
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