Oil prices climb after Saudi oilfield attack, but recession worries drag
SINGAPORE (Reuters) – Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni…
White House says no recession in sight, pushes China trade talks
WASHINGTON (Reuters) – White House officials pushed back on Sunday against concerns that economic growth may be faltering, saying they…
Last orders: Rise of closing auctions stirs worries in European stock markets
LONDON (Reuters) – The final five minutes of trading have become the busiest time of day for stock market traders…
Argentina Treasury minister resigns, says ‘significant renewal’ needed amid economic crisis
FILE PHOTO: Argentina’s Treasury Minister Nicolas Dujovne gestures during a news conference in Buenos Aires, Argentina April 22, 2019. REUTERS/Agustin…
White House says ‘no recession in sight’ despite market turmoil
WASHINGTON (Reuters) – White House officials pushed back on Sunday against concerns that economic growth may be faltering, saying they…
Exclusive: U.S. set to give Huawei another 90 days to buy from American suppliers – sources
SINGAPORE/WASHINGTON (Reuters) – The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the…
U.S. housing market mired in weakness; consumer sentiment ebbs
WASHINGTON (Reuters) – U.S. homebuilding fell for a third straight month in July amid a steep decline in the construction…
Exclusive: Fed’s Mester weighing argument for U.S. rate cut
CLEVELAND (Reuters) – One Federal Reserve policymaker who opposed the Fed’s recent rate cut is considering whether to support such…
Oil rises alongside equities, but downbeat OPEC outlook caps gains
NEW YORK (Reuters) – Oil prices on Friday rebounded from a two-day drop, alongside equities as expectations of further stimulus…
Dollar firms, global stocks soar on ECB rate cut expectations
NEW YORK (Reuters) – U.S. and European stocks surged on Friday on expectations the European Central Bank will cut interest…
Trump says he is having dinner Friday with Apple CEO Cook
BEDMINSTER, N.J. (Reuters) – U.S. President Donald Trump said he was having dinner on Friday with Chief Executive Officer Tim…
Court leaves PG&E with sole right to submit bankruptcy plan
FILE PHOTO: PG&E crew work to repair damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018.…
Wall Street Week Ahead: Lower rates could boost housing stocks, but risks remain
NEW YORK (Reuters) – Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries…
Take Five: Fed in a hole
(Reuters) – FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah…
Lower rates could boost housing stocks, but risks remain
NEW YORK (Reuters) – Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries…
Wall Street ends sharply higher on German stimulus optimism
NEW YORK (Reuters) – U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic…
First two Ebola cases confirmed in Congo’s South Kivu: officials
FILE PHOTO: A woman and child wait to receive an Ebola vaccination in Goma, Democratic Republic of Congo, August 5,…
China’s economy worsens in July, industrial growth at 17-year low as trade war escalates
BEIJING (Reuters) – China’s economy stumbled more sharply than expected in July, with industrial output growth cooling to a more…
Lion Air ‘urgently requires’ more 737 MAX jets to support growth: co-founder
FILE PHOTO: Lion Air’s Boeing 737 Max 8 airplane is parked on the tarmac of Soekarno Hatta International airport near…
ViacomCBS is just the beginning of Shari Redstone’s media deals
NEW YORK (Reuters) – More than two months before CBS Corp (CBS.N) and Viacom Inc (VIAB.O) succeeded at a third…
WeWork preps for IPO with growing revenues and widening losses
(Reuters) – WeWork owner The We Company on Wednesday published detailed financial statements for the first time, showing it lost…
China’s Tencent cautious after surge in quarterly profit
HONG KONG (Reuters) – China’s Tencent Holdings (0700.HK), the world’s largest gaming company by revenue, warned on Wednesday of a…
U.S. yield curve inversion highlights recession fears, Fed dilemma
NEW YORK (Reuters) – When the U.S. Federal Reserve cut interest rates last month for the first time in more…
Stocks, oil tank on growing signs of global slowdown
NEW YORK (Reuters) – Equity markets tanked and oil prices fell sharply on Wednesday after a closely watched bond indicator…
Oil slumps more than 4% on weak global economic data, U.S. crude build
NEW YORK (Reuters) – Oil prices sank more than 4% on Wednesday after global demand fears were revived by weak…
Macy’s shares sink as discounts to clear inventory hurt, tourism drops
(Reuters) – Macy’s Inc (M.N) cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the…
U.S. import prices rebound, but trend remains subdued
WASHINGTON (Reuters) – U.S. import prices unexpectedly rose in July, but the underlying trend continued to be weak, pointing to…
Macy’s sinks as discounts to clear inventory backfire, tourism drops
(Reuters) – Macy’s Inc (M.N) slashed its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the…
Wall Street tumbles on rising fears of recession
(Reuters) – Wall Street main indexes slid more than 2% on Wednesday, as a closely watched U.S. bond market indicator…
Bayer mediator dismisses report of $8 billion Roundup settlement
NEW YORK/FRANKFURT (Reuters) – Bayer AG has not offered to pay billions of dollars to settle claims in the United…
No-deal Brexit could deepen Europe’s shortage of medicines – experts
BRUSSELS (Reuters) – As the Oct. 31 deadline for Britain to leave the European Union approaches, health professionals are warning…
U.S. budget deficit widens; spending up on health, military
WASHINGTON (Reuters) – The U.S. government’s deficit widened to $120 billion in July, fueled by increases in spending on health…
AMS plans rival takeover bid for Germany’s Osram
FILE PHOTO: CEO of lamp manufacturer Osram Olaf Berlien poses during the opening of the company ‘World of light’ showroom…
Oil rises on European stock draw despite demand slowdown forecast
NEW YORK (Reuters) – Oil prices rose more than $1 a barrel on Friday, supported by a drop in European…
Wall Street ends down amid more trade woes, high volatility
NEW YORK (Reuters) – U.S. stocks fell on Friday following renewed jitters over the U.S.-China trade war, capping a week…
Gold gains as trade concerns weigh on global markets
NEW YORK (Reuters) – Signs of further escalation of the U.S.-China trade war and weak UK economic data weighed on…
Exclusive: PSA, Dongfeng to drop two China auto plants, halve workforce – document
BEIJING/PARIS (Reuters) – Peugeot maker PSA Group (PEUP.PA) and partner Dongfeng Group (0489.HK) have agreed to cut thousands of jobs…
Trump roils markets with comments on China trade, Huawei
WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said he was not ready to make a deal with China…
IMF stands by yuan view; says China could need stimulus if trade war worsens
WASHINGTON (Reuters) – The International Monetary Fund on Friday stood by its assessment that the value of China’s yuan was…
Timeline: Key dates in the U.S.-China trade war
(Reuters) – Hopes for an early settlement of the yearlong U.S.-China trade war dimmed this week after the United States…
Bayer mediator dismisses report of $8 billion Roundup settlement
NEW YORK/FRANKFURT (Reuters) – Bayer AG has not offered to pay billions of dollars to settle claims in the United…
Investors look for consumer pressure ahead of next tariffs
(Reuters) – As President Donald Trump prepares to slap new tariffs on Chinese imports, investors are bracing for signs of…
Patient groups push back against Gilead’s pricey HIV prevention treatment
LOS ANGELES (Reuters) – Gilead Sciences Inc (GILD.O) hopes to soon introduce a pricey new pill to prevent HIV in…
Drug industry urges Canada to act early on U.S. import plan
TORONTO (Reuters) – Canada’s main pharmaceutical lobby group has urged the government not to wait for drug shortages before responding…
Philippines weighs re-use of controversial dengue vaccine
FILE PHOTO: Boxes of anti-dengue vaccine Dengvaxia are placed inside a freezer for storage at the Manila Health Department in…
Second Ebola case in Congo’s Goma infected several people: government
GOMA, Congo (Reuters) – The second case of Ebola recorded in east Congo’s main city of Goma had a large…
Congo races to contain Ebola after gold miner contaminates several in Goma
GOMA, Congo (Reuters) – Congolese authorities were racing to contain an Ebola epidemic on Thursday, after a gold miner with…
Trump firms up plan to import medicines; pharma companies resist
(Reuters) – The Trump administration took a step Wednesday toward allowing importation of medicines from Canada, an action the president…
U.S. to pay farmers up to $16 billion for trade war losses, South to benefit
WASHINGTON/CHICAGO (Reuters) – The U.S. government will pay American farmers hurt by the trade war with China between $15 and…
Exclusive: White House preparing order that would cut drug prices for Medicare: sources
NEW YORK (Reuters) – U.S. President Donald Trump is considering a sweeping executive order that would cut prices on virtually…
Deployment of second Ebola vaccine would not be quick fix, experts warn
GOMA, Democratic Republic of Congo (Reuters) – The resignation of Congo’s health minister in the midst of the country’s worst…
Earnings and trade optimism push Wall St. toward record high
(Reuters) – The S&P 500 and Nasdaq approached record highs on Tuesday, lifted by upbeat quarterly reports from Coca-Cola and…
White House’s Kudlow hopeful on U.S.-China trade talks, agriculture buys
WASHINGTON (Reuters) – White House economic adviser Larry Kudlow on Tuesday called it a good sign that top U.S. officials…
Exclusive: Deutsche Bank’s problem derivatives cloud recovery – sources
NEW YORK (Reuters) – Deutsche Bank AG’s (DBKGn.DE) turnaround strategy rests in large part on shedding 288 billion euros of…
China’s agri ministry emphasizes need to ensure stable hog market
BEIJING (Reuters) – China’s agriculture ministry said on Tuesday that it would work to ensure the country’s pork supplies and…
Senators announce bipartisan proposal to lower drug prices
WASHINGTON/NEW YORK (Reuters) – The top Republican and Democrat on the U.S. Senate Finance Committee announced a proposal to lower…
Alibaba and the $15 billion question: Amid Hong Kong’s protests, when to list?
HONG KONG (Reuters) – Hong Kong’s political unrest is posing a dilemma for Alibaba Group Holding Ltd (BABA.N) on the…