Page 1255 - Business Finance
Global Markets: Equities slump as growth worries resurface
NEW YORK (Reuters) - A gauge of world stock markets fell on Tuesday as concerns over global growth spurred investors to look towards safe-haven assets such as the Japanese yen and government bonds, with equities extending losses on additional trade worries.
Renault convenes board to turn page on Ghosn era
PARIS (Reuters) - Renault has called a board meeting to replace Chairman and Chief Executive Carlos Ghosn, in a move that may begin to ease tensions with alliance partner Nissan <7201.T> in the wake of Ghosn's arrest in Japan for alleged financial misconduct.
IBM revenue beats estimates on strength in cloud, services businesses
(Reuters) - IBM Corp reported a smaller-than-expected 3.5 percent drop in fourth-quarter revenue on Tuesday, as higher sales in its newer businesses such as cloud, software and services partially offset tapering sales of its latest mainframe computers and the pressures from a strong dollar.
BOJ to retain ultra-low rates, global slowdown raises fresh policy challenge
TOKYO (Reuters) - The Bank of Japan is set to cut its inflation forecasts and maintain its ultra-loose monetary policy on Wednesday, as pressure on the economy mounts in the face of slowing global demand, dealing another blow to its years-long efforts to foster durable growth.
GM, facing losses in Brazil, seeks tax breaks in Sao Paulo state
SAO PAULO (Reuters) - General Motors Co's Brazil unit is in advanced talks with Sao Paulo state to receive tax incentives, the company told public officials and union representatives at a meeting on Tuesday, a few days after telling workers in a memo that it was losing money in the country.
Oil settles down two percent as slowed global growth, rising supplies
HOUSTON (Reuters) - Oil prices dropped about 2 percent on Tuesday over concerns the world's stumbling economy could pinch fuel demand as U.S. shale fields surge and cuts by Russia come in below expectations.
US rejects advance trade meeting with China: reports
The United States has rejected Beijing's offer to hold preparatory talks in Washington ahead of next week's high-level trade delegation, according to media reports. The reports by The Financial Times and CNBC sent US stocks sharply lower, reviving fears that efforts to resolve the US-China trade war could fail. Citing a lack of progress on some of the thorniest issues in the trade dispute -- including allegedly forced technology transfers and structural reforms to China's economy -- Washington cancelled plans for a face-to-face preparatory meeting this week, according to The Times. Chinese Vice Premier Liu He is due to travel to the United States next week as the two sides work to resolve their disagreements by March 1, when a 90-day truce is due to expire, allowing US import duties on Chinese goods to increase sharply. The US Treasury Department and Office of the US Trade Representative did not immediately respond to requests for comment. The Chinese economy last year posted its ...
Wall St ends four-day rally as economic outlook, corporate forecasts sour
NEW YORK (Reuters) - Wall Street ended its four-day rally on Tuesday as a gloomy global economic growth outlook and disappointing company forecasts dampened investor spirits at the height of fourth-quarter reporting season.
Facing losses in Brazil, GM turns to Sao Paulo state for tax breaks
SAO PAULO (Reuters) - General Motors Co's Brazil unit is in advanced talks with Sao Paulo state to receive tax incentives, the company told public officials and union representatives at a meeting on Tuesday, a few days after it said in a memo to workers that it was losing money in Brazil.
Oil drops nearly three percent on rising supplies, China slowdown
HOUSTON (Reuters) - Oil prices fell 3 percent on Tuesday over concerns the world's stumbling economy could pinch fuel demand as U.S. crude output climbs to new heights and cuts by Saudi Arabia and its allies are smaller than advertised.
Global Markets: Equities retreat as growth worries dent risk appetite
NEW YORK (Reuters) - A gauge of global stock markets fell on Tuesday, putting a four-session winning streak in jeopardy, as concerns over global growth spurred investors to look towards safe-haven assets such as the Japanese yen and government bonds.
U.S. rejects offer from China for preparatory trade talks - FT
WASHINGTON (Reuters) - The Trump administration has rejected an offer from China for preparatory trade talks this week ahead of high-level negotiations scheduled for next week, the Financial Times reported on Tuesday, citing people briefed on the talks.
Davos bankers try to put brave face on gloomy outlook
DAVOS (Reuters) - The International Monetary Fund has cut its global growth forecasts for the second time in three months. Central banks in the U.S. and Europe are reversing a decade of ultra-loose monetary policy. Trade tensions between Washington and Beijing are hurting investor sentiment worldwide.
Brexit backer Dyson moves vacuum giant's HQ to Singapore
LONDON (Reuters) - James Dyson, the billionaire Brexit supporter who revolutionised vacuum cleaners with his bagless technology, is moving his head office to Singapore from Britain to be closer to his company's fastest-growing markets.
Wall St drops over 1.5 percent as global growth worries resurface
(Reuters) - U.S. stocks tumbled over 1.5 percent on Tuesday on concerns of global growth after the International Monetary Fund cut its growth forecast, China reported a sharp slowdown and a few U.S. companies gave disappointing earnings outlooks.
Hedge funds push for overhaul at eBay
(Reuters) - Hedge funds Elliott Management and Starboard Value have taken stakes in eBay Inc and are pushing for changes including the sale of some of the e-commerce company's businesses.
U.S. home sales hit three-year low, prices rise slowly
WASHINGTON (Reuters) - U.S. home sales tumbled to their lowest level in three years in December and house price increases slowed sharply, suggesting a further loss of momentum in the housing market.
StanChart CFO says second referendum 'a way forward' to break Brexit stalemate
DAVOS, Switzerland (Reuters) - The chief financial officer of Asia-focused bank Standard Chartered believes a second referendum on Britain's membership of the European Union could be a way to end a paralysing parliamentary deadlock on future ties with the bloc.
Zimbabwe vows bold economic turnaround despite surging prices
DAVOS, Switzerland (Reuters) - Zimbabwe's finance minister painted an optimistic outlook for his country on Tuesday, despite protests over fuel prices that human rights groups say have left at least a dozen people dead.
British billionaire Dyson moves vacuum giant to Singapore
LONDON (Reuters) - James Dyson, the billionaire Brexit supporter who revolutionised vacuum cleaners with his bagless technology, is moving his corporate office and tax registration to Singapore from Britain to be closer to his fastest growing markets.