SYDNEY (Reuters) – A landmark 11-country trade deal, a revamped version of the Trans-Pacific Partnership (TPP), came into force on Sunday with New Zealand’s trade minister hailing the opportunities it presented for exporters. The deal, which will slash tariffs across much of the Asia-Pacific region, does not include the United States after Washington pulled out […]
NEW YORK (Reuters) – Perceived safe havens like utilities and consumer staples, often an afterthought in Wall Street’s cascade of year-ahead investment recommendations each December, are emerging as top picks as stocks limp into 2019. Growth-oriented sectors like tech or communications services have typically dominated year-end roundups of investment ideas. But an uncertain economic outlook […]
(Reuters) – Citi Research on Friday slashed its first-quarter production estimates for Apple Inc’s iPhones and nearly halved expectations on the costliest iPhone XS Max, joining other brokerages in lowering forecast amid reports of weak demand. “The material cut in our forecasts is driven by our view that 2018 iPhone is entering a destocking phase, […]
LONDON (Reuters) – World stocks rose to one-week highs on Friday and looked set to snap a three-week losing streak after a late-session bounce overnight on Wall Street filtered into Asian and European markets. Safe-haven assets were also in demand amid broader doubts about the market stability that in turn eroded the dollar’s appeal. U.S. […]
LONDON (Reuters) – Oil prices fell on Friday, shedding early gains on profit-taking ahead of the New Year holiday as global crude benchmarks moved back toward their lowest levels in more than a year. Brent crude oil LCOc1 fell 56 cents to a low of $51.60 a barrel before recovering some ground to trade around […]
LONDON (Reuters) – World stocks rose to one-week highs on Friday and looked set to snap a three-week losing streak after a late-session bounce overnight on Wall Street filtered into Asian and European markets. Safe-haven assets were also in demand amid broader doubts about the market stability that in turn eroded the dollar’s appeal. U.S. […]
(Reuters) – The New York Yankees are in talks with Amazon.com Inc and Sinclair Broadcast Group Inc about a joint bid for the team’s regional sports network, Yes, the Wall Street Journal reported on Friday, citing people familiar with the matter. The baseball team, which owns 20 percent of Yes, has also been talking to […]
LONDON (Reuters) – Stocks in Europe and Asia rose cautiously on Friday after Wall Street ended a volatile session with big gains, but fears of further price swings and worries about U.S. politics kept safe-haven currencies such as the yen and Swiss franc in demand. European shares opened in positive territory after Thursday’s 1.7 percent […]
(Reuters) – U.S. stocks roared back to end in positive territory on Thursday, following steep losses earlier, as equities rebounded for a second day. The gains come a day after the major indexes posted their biggest daily percentage increases in nearly a decade, feeding some hope that a Wall Street swoon may be coming to […]
NEW YORK (Reuters) – A wild Christmas week ride in global markets continued on Thursday as stocks rallied from significant losses to post gains for the day. For the second consecutive session, early weakness in markets turned to strength by the time U.S. stocks closed as investors shuffled their portfolios. “We had a very wild […]