Page 1710 - Business Finance
New Zealand government agency rejects Spark's plan to use Huawei 5G equipment
(Reuters) - Spark New Zealand said on Wednesday the Government Communications Security Bureau declined the telco's proposal to use 5G equipment of China's Huawei Technologies Co Ltd, citing significant risks to national security.
Global Markets: Asian shares tentative ahead of Trump-Xi meeting, Fed speech
SYDNEY (Reuters) - Asian shares dithered on Wednesday and the dollar jumped to a near 1-1/2-year top as risk assets rowed back amid conflicting signals on prospects for de-escalating the Sino-U.S. trade dispute.
Gold falls as dollar strengthens on Fed rate hike comments
(Reuters) - Gold fell on Tuesday to its lowest in more than a week, as the dollar rallied after comments from U.S. Federal Reserve Vice Chair Richard Clarida bolstered expectations that the central bank would continue raising interest rates.
Growth and trade worries to keep a lid on European stocks in 2019: Reuters poll
MILAN (Reuters) - European shares will move in a tight range going into the year-end and throughout 2019, a Reuters poll showed, as slowing growth, political risks and worries over Washington's protectionist policies keep investors on the sidelines.
Oil edges up ahead of OPEC meeting, but sentiment still cautious
SINGAPORE (Reuters) - Oil prices rose on Wednesday ahead of an OPEC meeting next week at which the producer club is expected to decide some form of supply cut to counter an emerging glut.
Stock options traders brace for volatility ahead of G20 summit
NEW YORK (Reuters) - U.S. options traders have their eyes firmly fixed on Buenos Aires this week, and they are increasingly confident the meeting there of the heads of the world's 20 largest economies means one thing: more volatility.
Hong Kong's finance sector M&A deals fall prey to China crackdown
HONG KONG (Reuters) - Mergers and acquisitions targeting Hong Kong financial firms have slumped this year, with insurance sector deals particularly hard hit, as China's moves to tighten capital controls and crack down on corporate debt have driven mainland buyers away.
Analysis: South Korea's construction sector feels chill from Moon policies
SEOUL (Reuters) - Jeong Myeong-in drives his dump truck up to 800 km (500 miles) a day across South Korea to find work and sleeps only three hours a night to keep up payments on his truck. He still counts himself luckier than other drivers with no cash to pay for fuel.
Cryptocurrencies to survive sell-off: Allianz's El-Erian
NEW YORK (Reuters) - Cryptocurrencies are here to stay despite a prolonged slump this year, and will gain wider acceptance after the recent entry of more institutional investors in the space, Mohamed El-Erian, chief economic adviser at Allianz, said on Tuesday.
Oil prices edge lower ahead of G20, OPEC meetings
NEW YORK (Reuters) - Oil prices dipped on Tuesday, weighed down by uncertainty over the U.S.-China trade war and signs of increased global crude production, but losses were limited by expectations that crude exporters would agree to cut output at an upcoming OPEC meeting.
GM stock slips as Trump threatens to cut subsidies
General Motors (GM) stock fell on Tuesday after US President Donald Trump stepped up his attack on the company, threatening to cut all subsidies after the automaker announced thousands of jobs cuts and closure of several plants across North America.
USD rallies as Trump casts doubt over May's Brexit deal
The US dollar rose against other major currencies in late trading on Tuesday, as the sterling declined after President Donald Trump said Britain's Brexit deal might undermine trade between the two countries.
Global markets: stocks finish higher on China trade-deal hopes; dollar rises
NEW YORK (Reuters) - Stocks on Wall Street logged modest gains on Tuesday as traders remained hopeful that the United States and China can work towards resolving their trade-related differences at the upcoming G20 Summit.
Three quarters of UK carmakers fear no-deal Brexit: SMMT
LONDON (Reuters) - Three quarters of businesses in Britain's automotive sector think leaving the European Union next year without a transition deal would hurt them, an industry survey showed on Tuesday.
Global markets: stocks modestly higher on China trade-deal hopes; dollar rises
NEW YORK (Reuters) - Stocks on Wall Street eked out modest gains on Tuesday as traders remained hopeful that the United States and China can work towards resolving their trade-related differences at the upcoming G20 Summit.
Wall Street turns positive on White House adviser's trade comments
NEW YORK (Reuters) - U.S. stocks made small gains on Tuesday after White House economic adviser Larry Kudlow said a meeting between President Donald Trump and his Chinese counterpart on Saturday was an opportunity to "turn the page" on a trade war.
Volkswagen diesel customers invited to join German class action against carmaker
Motorists in Germany who have purchased diesel vehicles from Volkswagen were invited by the Federation of German Consumer Organizations (VZBV) Tuesday to join a new form of class-action lawsuit against the Wolfsburg-based company.
Analysis: Opening on Thanksgiving hurts retailers more than it helps
NEW YORK (Reuters) - As store sales fall and purchases shift online over the Thanksgiving weekend, many U.S. retailers still open their doors on Thanksgiving itself, Thursday evening - to their detriment.
White House adviser says Trump may announce GM shutdown consequences
WASHINGTON (Reuters) - White House economic adviser Larry Kudlow on Tuesday indicated President Donald Trump may announce specific ramifications for General Motors Co's plans to cut thousands of jobs and potentially close some of its North America plants.
Wall Street dips as tariff worries push industrials lower
(Reuters) - U.S. stocks dipped in choppy trading on Tuesday after President Donald Trump's threat to move ahead with additional tariffs on Chinese goods weighed on industrial stocks.