Page 1758 - Business Finance
Asian shares edge up but sentiment fragile on growth worries
SYDNEY (Reuters) - Asian shares stepped ahead cautiously on Thursday while oil rebounded from a steep sell-off, though rising U.S. interest rates and escalating trade tensions kept financial markets on edge amid signs of slackening global growth.
S&P 500 gains with energy, tech but ends near day's low
NEW YORK (Reuters) - The S&P 500 ended higher on Wednesday after a brutal two-day selloff, led by a rebound in energy and technology shares, but the market faltered towards the session's end as Apple shares surrendered gains ahead of the Thanksgiving holiday.
US dollar falls amid downbeat data
The US dollar declined against most other major currencies as investors digested a string of generally negative economic reports.
Global markets: technology, energy stocks rally; oil bounces back from rout
NEW YORK (Reuters) - World stock markets rose on Wednesday, with Wall Street tipping higher on gains in technology and energy shares, while oil rebounded from a steep sell-off as U.S. government data pointed to strong demand.
Gold rises on easing dollar, uncertain U.S. rate hike path
BENGALURU (Reuters) - Gold prices rose to a two-week high on Wednesday as the dollar slipped, with uncertainty on the pace of interest rate hikes by the U.S. Federal Reserve also supporting the metal.
Wall Street climbs as tech, internet stocks bounce back
NEW YORK (Reuters) - U.S. stocks rose on Wednesday after a brutal two-day selloff, led by a rebound in beaten-down internet, technology and energy shares ahead of the Thanksgiving holiday.
Nissan board to vote on Ghosn's dismissal
The fate of Nissan's disgraced Carlos Ghosn as chairman of the Japanese car giant is set to be decided Thursday when board members meet to vote on his dismissal, days after the tycoon's arrest for financial misconduct. The fallen superstar executive credited with turning around the Nissan-Renault-Mitsubishi Motors alliance is in detention over allegations he under-reported his pay by millions of dollars. His arrest on Monday has sent shockwaves through the global car sector, corporate Japan and beyond. If Nissan's board remove the 64-year-old millionaire from his post on Thursday afternoon Japan time, it would be a staggering reversal of fortune for the once-revered manager. But it would appear his fate is all but sealed after his hand-picked replacement as CEO, Hiroto Saikawa, launched an astonishing broadside at his mentor. Saikawa said Monday that "too much authority" had been placed in the chairman's hands and lamented the "dark side of the Ghosn era", as he called the board ...
Oil rebounds after prior session's slide; glut worries persist
NEW YORK (Reuters) - Oil prices rose about $1 a barrel a barrel on Wednesday, bouncing from the lowest levels in months, after U.S. government data showed strong demand for refined fuel, but concerns remained over rising global crude supply.
Wall Street Week Ahead: Investors caught in crossfire of fight for holiday shoppers
NEW YORK (Reuters) - Investors would normally be thankful for a strong U.S. economy, yet this holiday season they worry retailers may have to spend heavily to win, leaving shareholders with a lump of coal.
Global markets: stocks rise on tech strength; oil bounces back from rout
NEW YORK (Reuters) - World stock markets climbed on Wednesday, with earnings and gains in tech stocks lifting shares on Wall Street, and oil rebounded from a steep sell-off as U.S. government data pointed to strong demand.
German car bosses invited to White House to discuss tariffs - Handelsblatt
BERLIN (Reuters) - The Trump administration has invited the heads of Volkswagen , BMW and Daimler to the White House to discuss U.S. tariffs on carmakers, the Handelsblatt newspaper reported on Wednesday.
US stocks trade higher amid tech rebound, data
US stocks traded higher on Wednesday as tech shares rebounded from an extensive sell-off in the previous sessions.
Deere cautious on 2019 profit after missing fourth-quarter estimate
CHICAGO (Reuters) - Deere & Co on Wednesday gave a cautious profit forecast for fiscal 2019 after missing quarterly earnings estimates amid a U.S. trade battle with China that has depressed local farm commodity prices and hurt agriculture equipment demand.
Wall Street recovers as technology stocks bounce back
(Reuters) - U.S. stocks recouped some losses on Wednesday after a brutal two-day selloff as strong earnings from Foot Locker and gains in technology stocks lifted investor sentiment ahead of the Thanksgiving holiday.
Wall Street regains footing as tech shares recover
(Reuters) - U.S. stocks recovered from a brutal two-day selloff on Wednesday as strong earnings from Foot Locker and gains in technology stocks lifted investor sentiment ahead of the Thanksgiving holiday.
EU moves to discipline Italy over budget, Rome remains defiant
BRUSSELS/ROME (Reuters) - The European Commission took the first step on Wednesday toward disciplining Italy over its expansionary 2019 budget after Rome refused to change it, raising the stakes in a dispute that has alarmed the whole euro zone and could eventually lead to fines.
Walgreens, Humana in talks to take stakes in each other: WSJ
(Reuters) - Drugstore owner Walgreens Boots Alliance Inc and health insurer Humana Inc are in preliminary discussions to take equity stakes in each other, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Global Markets: Stocks, oil climb after rout; euro rises on Italy budget hopes
NEW YORK (Reuters) - World stock markets and oil prices climbed on Wednesday, with earnings and gains in tech stocks lifting shares on Wall Street, while the euro rose on hopes Italy and the European Commission would reach a compromise on a dispute over Italy's 2019 budget draft.
Volkswagen strikes deal with Broadcom to end patent lawsuit: source
BERLIN (Reuters) - Germany's Volkswagen has struck a deal with U.S. semiconductor maker Broadcom, ending a billion-dollar patent lawsuit that pitted the carmaker against its supplier, a source close to Volkswagen told Reuters on Wednesday.
Atlanta Fed leaves U.S. fourth-quarter GDP growth view at 2.5 percent
NEW YORK (Reuters) - The U.S. economy is expanding at a 2.5 percent annualized rate in the fourth quarter, based on data on durable goods orders and home resales in October, the Atlanta Federal Reserve's GDPNow forecast model showed on Wednesday.