The colossal disarray over the British government’s plans to leave the European Union comes at an awkward moment for global financial markets. How can anyone in New York hope to make sense of the mess in London when the government in Washington is partially shut down, with no chance of reopening in sight? Yet financial […]
(Reuters) – Intel Corp forecast current-quarter revenue and profit below analysts’ estimates and missed fourth-quarter sales estimates on Thursday, hit by a slowdown in China and sluggish demand for its data center and modem chips. The company’s shares fell 6.7 percent in extended trading as the news further stoked fears of an industry slowdown after […]
NEW YORK (Reuters) – Stocks flitted between positive and negative territory on Thursday while U.S. Treasuries were in demand after the European Central Bank chief said economic growth was likely to be weaker than previously expected and the United States was cautious on prospects for a trade deal with China. Demand increased for safe-haven assets […]
HONG KONG (Reuters) – The Sino-U.S. trade war has spurred anti-China sentiment, a senior Alibaba Group Holding Ltd executive said, adding that the United States was trying to contain the rise of China. Joe Tsai, the Chinese e-commerce giant’s executive vice-chairman, termed the U.S. government’s treatment of Chinese smartphone and network-gear maker Huawei “extremely unfair” […]
NEW YORK (Reuters) – Hundreds of flights were grounded or delayed at New York-area and Philadelphia airports on Friday as air traffic controllers called in sick hours before President Donald Trump announced an end to the 35-day partial shutdown of the U.S. government. Trump said on Friday he had reached a deal with U.S. lawmakers […]
NEW YORK (Reuters) – Hundreds of flights were grounded or delayed at New York-area and Philadelphia airports on Friday as air traffic controllers called in sick hours before President Donald Trump announced an end to the 35-day partial shutdown of the U.S. government. Trump said on Friday he had reached a deal with U.S. lawmakers […]
Enerplus Corp. says it will increase spending and production this year while continuing to focus on its North Dakota Bakken light oil play. The mid-sized producer says it plans to spend between $565 million and $635 million this year, with the mid-point of $600 million set slightly higher than actual spending of $594 million in […]
LEGISLATION is needed to maintain continued access to healthcare in Northern Ireland currently covered by EU rules in a no deal Brexit. The government has published the general scheme of the so-called mega-bill that the Dáil will need to pass to prepare Ireland for a no deal Brexit if the UK crash out in March. […]
NEW YORK (Reuters) – U.S. fund managers are continuing their retreat from consumer-related stocks and increasing their defensive bets out of concerns that the U.S. economy is slowing even though government leaders had reached agreement to end the longest shutdown ever. While the S&P 500 index is up more than 5 percent since the start […]
NEW YORK (Reuters) – Hundreds of flights were grounded or delayed at New York-area and Philadelphia airports on Friday as air traffic controllers called in sick hours before President Donald Trump announced an end to the 35-day partial shutdown of the U.S. government. Trump said on Friday he had reached a deal with U.S. lawmakers […]