BOSTON (Reuters) – It’s nice work if you can get it. The average annual compensation for non-executive directors at S&P 500 companies rose 2 percent to $304,856 last year, topping $300,000 for the first time and 43 percent higher than it was 10 years ago, according to a new report released by executive headhunters Spencer […]
NEW YORK (Reuters) – Beleaguered shares of small U.S. companies are set for a bump in performance as value stocks have risen, market analysts say, but small caps could quickly fade again with an economic setback. The small-cap Russell 2000 index has lagged the benchmark S&P 500 .SPX for much of 2019 and has yet […]
SYDNEY/TOKYO (Reuters) – Asian stocks retreated from six-month highs on Friday as conflicting signals from China and the United States on progress made in trade talks deflated market hopes of a near term truce to end their damaging tariff war. In a sign of the anxiety, the pan-region Euro Stoxx 50 futures and German DAX […]
SHANGHAI (Reuters) – Trial production has started at Volkswagen AG’s (VW) (VOWG_p.DE) and SAIC Motor Corp Ltd’s (600104.SS) $2.5 billion electric vehicle (EV) factory in Shanghai, VW’s chief executive said on Friday, the latest development in the race to sell EVs in China. “The move goes in line with Volkswagen’s (electric) e-mobility initiative,” Herbert Diess […]
China and the United States have agreed to cancel in phases the tariffs imposed during their months-long trade war, the Chinese commerce ministry said yesterday, without specifying a timetable. An interim US-China trade deal is widely expected to include a US pledge to scrap tariffs scheduled for December 15 on about $156bn (€141bn) of Chinese […]
ONE of the largest credit unions in the State has been fined for having too many long-term loans on its books. Savvi Credit Union was also fined by the Central Bank for failing to have systems and controls in place to manage its long-term lending. And it breached rules by paying a director, which is […]
WASHINGTON (Reuters) – The number of Americans filing applications for unemployment benefits fell more than expected last week, consistent with strong labor market conditions and continued job growth. Initial claims for state unemployment benefits decreased 8,000 to a seasonally adjusted 211,000 for the week ended Nov. 2, the Labor Department said on Thursday. Data for […]
HONG KONG — One bank failed. A second and third were bailed out. Worried depositors of two more banks then rushed to pull out their savings for fear of losing them in a spectacular failure. These stumbles, which have occurred in quick succession since May, would stir fears of a financial meltdown had they happened […]
BEIJING (Reuters) – China is considering the removal of restrictions on poultry imports from the United States, state-owned Xinhua News Agency reported on Thursday. The report comes after the commerce ministry said the two country have agreed to cancel in phases the tariffs imposed during the months-long trade war. China has banned all U.S. poultry […]
Ongoing uncertainty about the Britain's future has seen businesses cut spending and looks set to see Britain's growth cut in half, the Bank of England has said. The Bank now expects the economy to grow by a miserly 0.2% this year, down from almost 0.4% the year before. "Growth in the UK economy has been […]