Wednesday, January 16, 2019
SEOUL - South Korea announced on Thursday that it would offer about 240 billion won ($224.72 million) in loan guarantees and low-interest loans to regions hit by corporate restructuring, including the area of the local unit of General Motors’soon-to-be-shut factory. A total of 395 subcontractors, small business owners and workers of Gunsan...
LONDON - The euro fell on Thursday on media reports that an Italian budget meeting was likely to be delayed, spooking traders concerned that the ruling parties will push for a bigger deficit target in the euro zone’s third-largest economy. Political wrangling over the budget in heavily indebted Italy has...
TOKYO - Stocks and commodities recovered slightly on Thursday as markets tried to consolidate from the previous session’s steep losses when fears of an escalation in the U.S.-China trade war jolted investor sentiment. Spreadbetters expected European stocks to open higher, with Britain’s FTSE gaining 0.3 percent, Germany’s DAX adding 0.35 percent and...
SYDNEY - Asian share markets fought to keep a global rebound alive on Tuesday after U.S. President Donald Trump seemed to quash hopes of a trade truce with China, clouding what had been a bright start to the week. Moves were generally muted but Japan's Nikkei managed to add 0.8...
LONDON - The euro fell to a two-month low on Tuesday as concerns that rising U.S. Treasury yields would push the currency to break below a range it has been stuck within most of this year, prompting hedge funds to unwind some of their record long bets. Some lingering worries that European...
T-Mobile US Inc and Sprint Corp said on Sunday they had agreed to a $26 billion all-stock deal and believed they could win over skeptical regulators because the merger would create thousands of jobs and help the United States beat China to creating the next generation mobile network. The agreement capped four...
SINGAPORE - Oil prices soared by around 5 percent on Monday after the United States and China agreed to a 90-day truce in their trade war, and ahead of a meeting this week by producer club OPEC that is expected to result in a supply cut. U.S. West Texas Intermediate...
SINGAPORE - Oil prices fell on Monday on concerns the U.S.-China trade dispute will erode global economic growth, although looming U.S. sanctions against Iran’s oil sector kept crude from falling further, traders said. International Brent crude oil futures LCOc1 were at $75.63 per barrel at 0654 GMT, down 19 cents...
LONDON - World tech stocks hit a record high on Tuesday, spurred on by a new all-time peak for Apple, a 17-year top for European tech firms and news that Twitter and Netflix were set to join Wall Street’s flagship S&P 500 index. MSCI’s global tech index scored the milestone...
TOKYO - Asian stocks scaled a one-month peak on Thursday, after investors drove a Wall Street rally on relief the U.S. midterm elections delivered no major political surprises, while the dollar bounced and pulled away from 2-1/2-week lows. Spreadbetters expected European stocks to follow Asia higher at the open, with...