Wall Street opens lower as Saudi tensions add to concerns
(Reuters) – U.S. stocks dropped at open on Monday as rising tensions between Western powers and Saudi Arabia added to worries over rising borrowing costs and the impact of tariffs…
Exclusive: HNA held talks with Ant, others as it weighs options for IT unit Pactera – sources
HONG KONG (Reuters) – China’s HNA Group is exploring an outright sale and other options for its IT outsourcing unit Pactera and has held talks with investors including Ant Financial…
U.S. to seek currency chapters in trade talks with Japan, others: Mnuchin
NUSA DUA, Indonesia (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday that Washington wants to include a provision to deter currency manipulation in future trade deals, including with…
Mnuchin says U.S. will seek currency provision in trade deal with Japan, others
NUSA DUA, Indonesia (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday Washington would like to include a provision to deter currency manipulation in future trade deals, including with…
China echoes IMF pledges to avoid using currency as trade war tool
NUSA DUA, Indonesia (Reuters) – China’s top central banker on Saturday pledged to keep the yuan currency’s value “broadly stable,” a sign that Beijing may be trying to prevent a…
IMF members pledge to avoid using currencies as trade weapon
NUSA DUA, Indonesia (Reuters) – The International Monetary Fund said on Saturday its members pledged to refrain from competitive currency devaluations and step up dialogue on trade, as escalating trade…
Ford picks BBDO as lead creative agency in blow to Britain’s WPP
(Reuters) – Ford (F.N) has chosen Omnicom’s (OMC.N) BBDO as its lead creative advertising agency in a symbolic blow to its partner of 75 years, WPP (WPP.L). FILE PHOTO: A…
Danske shares slide as U.S. criminal inquiry spooks investors
COPENHAGEN (Reuters) – Danske Bank’s (DANSKE.CO) deepening money laundering scandal dragged its shares to a four-year low on Friday as Denmark’s biggest bank sought to calm investors over the impact…
Strong U.S. job growth expected in September; wages seen rising
WASHINGTON (Reuters) – The U.S. economy likely created jobs at a brisk clip in September, with the unemployment rate probably falling to an 18-year low of 3.8 percent, signaling a…
Lilly’s diabetes drug data impresses, hurts rival Novo’s shares
(Reuters) – Eli Lilly and Co (LLY.N) said on Thursday its new two-in-one diabetes drug was successful in lowering blood sugar and reducing weight, sending its shares to a record…