Category: Economy

Rising healthcare costs power U.S. consumer inflation

WallStreetReview
Rising healthcare costs power U.S. consumer inflation
WASHINGTON (Reuters) – U.S. consumer prices jumped by the most in seven months in October, which together with abating fears of a recession, support the Federal Reserve’s signal for no further interest rate cuts in the near term. FILE PHOTO: Intravenous bags hang above young cancer patients at Rady’s Children Hospital in San Diego, California, U.S., September 4, 2019. REUTERS/Mike... Read More

European shares knocked off four-year highs by Trump speech

WallStreetReview
European shares knocked off four-year highs by Trump speech
LONDON (Reuters) – European shares fell on Wednesday from four-year highs after U.S. President Donald Trump threatened to “substantially” increase tariffs if China failed to agree a trade deal, and he also took a swipe at European Union trade policies. FILE PHOTO: Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchange April... Read More

European shares knocked off four-year highs on Trump speech

WallStreetReview
European shares knocked off four-year highs on Trump speech
LONDON (Reuters) – European shares fell on Wednesday from four-year highs after U.S. President Donald Trump threatened to “substantially” increase tariffs if China failed to agree a trade deal and also took a swipe at European Union trade policies. FILE PHOTO: Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchange April 15,... Read More

Trump barks at Fed but offers no fresh details on trade in NY speech

WallStreetReview
Trump barks at Fed but offers no fresh details on trade in NY speech
NEW YORK (Reuters) – U.S. President Donald Trump on Tuesday took aim once again at the Federal Reserve for its interest rate policy in a highly anticipated speech that offered no fresh details on his administration’s long-running trade war with China. FILE PHOTO: U.S. President Donald Trump speaks during a meeting with China’s Vice Premier Liu He in the Oval... Read More

World’s energy watchdog is undermining climate change battle, critics say

WallStreetReview
World’s energy watchdog is undermining climate change battle, critics say
PARIS (Reuters) – A short walk from the Eiffel Tower, Fatih Birol oversees the world’s energy watchdog, whose analyses of fuel demand have long been viewed as the gold standard by government officials, energy executives and investors. Fatih Birol, Executive Director of the International Energy Agency poses for a portrait at its offices in Paris, France, November 7, 2019. REUTERS/Benoit... Read More

China October new bank loans dip to 22-month low, more easing expected

WallStreetReview
China October new bank loans dip to 22-month low, more easing expected
BEIJING (Reuters) – New bank loans in China fell more than expected to the lowest in 22 months in October, but the drop was likely due to seasonal factors and policymakers are still expected to ramp up support for the cooling economy in coming months. FILE PHOTO: Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured... Read More

Airbus reshuffles supply chain as former autos executive leaves group

WallStreetReview
Airbus reshuffles supply chain as former autos executive leaves group
PARIS (Reuters) – Airbus is seeking a new permanent leader of a $50 billion supply chain as Klaus Richter, chief procurement officer, steps down from his post at the Franco-German-led company to “pursue other professional challenges,” industry sources said. FILE PHOTO: The Airbus logo is pictured at Airbus headquarters in Blagnac near Toulouse, France, March 20, 2019. REUTERS/Regis Duvignau/File Photo... Read More

China’s tobacco monopoly means big risks for e-cigarette startups

WallStreetReview
China’s tobacco monopoly means big risks for e-cigarette startups
(Reuters) – In a glass-walled laboratory, chemists puff on vaping devices as they test liquid nicotine flavors. Nearby, staffers with cartons of instant noodles on their desks tap away at laptops, messaging suppliers and customers. Pods of different flavors are seen on display at an authorized reseller store of Chinese e-cigarette company Relx in Shanghai, China July 24, 2019. REUTERS/Aly... Read More

Risk rally pauses as markets await signals on trade

WallStreetReview
Risk rally pauses as markets await signals on trade
LONDON (Reuters) – Global stock markets steadied after a three-day rally on Wednesday as traders continued to watch incoming economic data and awaited new developments from U.S.-China trade talks. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo MSCI’s All Country World Index .MIWD00000PUS was flat on... Read More