TOKYO (Reuters) – Asian shares pulled back slightly on Wednesday as investors awaited new developments toward scaling back a bruising trade war between the United States and China. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS eased 0.11%. Australian shares were down 0.09%, Chinese stocks .CSI300 drifted 0.08% lower while Japan’s Nikkei stock index […]
NEW YORK (Reuters) – The benchmark S&P 500 edged lower on Tuesday, as investors paused in the wake of a rally buoyed by hopes of a trade deal between the United States and China that sent the three main U.S. stock indexes to record highs in the previous session. While there was growing optimism over […]
WASHINGTON (Reuters) – The Federal Communications Commission on Tuesday released its order approving T-Mobile US Inc’s (TMUS.O) proposed $26.5 billion tie-up with Sprint Corp (S.N) in a vote split along party lines. Chairman Ajit Pai and two other Republican commissioners voted to approve the deal while two Democratic commissioners voted against it. The FCC commissioners […]
Mothercare UK has confirmed the appointment of PricewaterhouseCoopers as administrators for the collapsed company. The company said that after taking insolvency and legal advice, its board has decided that “there was no reasonable alternative but to appoint administrators”. Following the appointment on Tuesday evening, Mothercare chairman Clive Whiley said that despite changes made over the […]
LONDON (Reuters) – World shares climbed back toward record highs and safe-haven bonds tumbled on Tuesday, as hopes that Washington may roll back some of the tariffs it has imposed on Chinese imports rekindled optimism about the global economic outlook. A year-end rally looked to be building. Wall Street’s main markets were expected to add […]
LONDON/TOKYO (Reuters) – Oil prices rose on Tuesday on hopes for a U.S.-China trade agreement and optimism that Washington could roll back some of the tariffs it has imposed on Chinese imports. Brent crude LCOc1 was up 61 cents, or 1%, at $62.74 a barrel by 1136 GMT. U.S. crude CLc1 rose 42 cents, or […]
TOKYO (Reuters) – SoftBank Group Corp and its founder Masayoshi Son face a day of reckoning on Wednesday when the investment juggernaut is likely to post weak quarterly results, hit by hefty falls in the valuation of some of its biggest tech bets. SoftBank has come under renewed investor scrutiny after it was forced to […]
PARIS/HELSINKI (Reuters) – Air France-KLM (AIRF.PA) will combine a sales drive with efficiencies including better fleet management to lift profit margins to 7-8% over the medium term, the airline group’s Chief Executive Ben Smith told investors on Tuesday. “The Air France-KLM group has all the assets to regain its leadership position,” Smith said in a […]
(Reuters) – Uber Technologies Inc (UBER.N) on Monday posted a wider third-quarter loss as the company tries to outspend competitors through discounts and invests heavily in loss-making new business ventures, sending its shares down 5.5% in after-hours trading. Nevertheless, the company promised it would be profitable by the end of 2021 as quarterly revenues, driven […]
TOKYO (Reuters) – Asian shares closed in on their July peak on Tuesday on increasing signs the United States and China are inching closer to a truce in their trade war and on optimism the U.S. economy is well poised for solid, consumer-driven growth. MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed […]