Category: Economy

Aramco listing was delayed to rope in anchor investors: sources

WallStreetReview
Aramco listing was delayed to rope in anchor investors: sources
DUBAI/RIYADH (Reuters) – Oil giant Saudi Aramco’s much-vaunted stock market listing was delayed after deal advisers said they need more time to lock in cornerstone investors, three sources with direct knowledge of the matter told Reuters. FILE PHOTO: The Saudi Aramco logo pictured at the company’s oil facility in Abqaiq, Saudi Arabia, October 12, 2019. REUTERS/Maxim Shemetov/File Photo After a... Read More

Hopes for progress in trade war and Brexit buoy stocks

WallStreetReview
Hopes for progress in trade war and Brexit buoy stocks
LONDON (Reuters) – World shares rose on Monday, as hopes for resolving the U.S.-China trade war and a belief that Britain will avoid a disorderly exit from the European Union gave investors cause for riskier bets. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 17, 2019. REUTERS/Staff/File Photo MSCI’s world equity... Read More

Global stocks gain on hopes for progress in trade war and Brexit

WallStreetReview
Global stocks gain on hopes for progress in trade war and Brexit
LONDON (Reuters) – World shares nudged higher on Monday, as hopes for progress towards resolving the U.S.-China trade war and a belief that Britain will avoid a disorderly exit from the European Union gave cause for riskier bets. FILE PHOTO: A trader works as screens show market data at CMC markets in London, Britain, December 11, 2018. REUTERS/Simon Dawson MSCI’s... Read More

Stocks gain on hopes for progress in trade war and Brexit

WallStreetReview
Stocks gain on hopes for progress in trade war and Brexit
LONDON (Reuters) – World shares nudged higher on Monday, as hopes for progress towards resolving the U.S.-China trade war and a belief that Britain will avoid a disorderly exit from the European Union gave cause for riskier bets. FILE PHOTO: A trader works as screens show market data at CMC markets in London, Britain, December 11, 2018. REUTERS/Simon Dawson MSCI’s... Read More

Instant View: China third-quarter GDP grows 6.0% year-on-year, misses expectations

WallStreetReview
Instant View: China third-quarter GDP grows 6.0% year-on-year, misses expectations
BEIJING (Reuters) – China’s economic growth slowed more than expected to 6.0% year-on-year in the third quarter, the weakest pace in at least 27-1/2 years, as demand at home and abroad faltered amid a bruising Sino-U.S. trade war. People walk on a crossing with light signals for pedestrians near shopping malls in Shenyang, Liaoning province, China October 16, 2019. REUTERS/Stringer... Read More

China third-quarter GDP grows 6% year-on-year, misses expectations

WallStreetReview
China third-quarter GDP grows 6% year-on-year, misses expectations
BEIJING (Reuters) – China’s economic growth slowed more than expected to 6.0% year-on-year in the third quarter, the weakest pace in at least 27-1/2 years, as demand at home and abroad faltered amid a bruising Sino-U.S. trade war. People walk on a crossing with light signals for pedestrians near shopping malls in Shenyang, Liaoning province, China October 16, 2019. REUTERS/Stringer... Read More

Plastic bottles vs. aluminum cans: who’ll win the global water fight?

WallStreetReview
Plastic bottles vs. aluminum cans: who’ll win the global water fight?
LONDON (Reuters) – Global bottled water giants are ramping up trials of easily recyclable aluminum cans to replace plastic that pollutes the world’s seas. Sound like a slam-dunk for the environment? Not entirely. FILE PHOTO: A plastic bottle drifts on the waves of the sea at a fishing port in Isumi, east of Tokyo, Japan November 21, 2018. REUTERS/Issei Kato/File... Read More

As the beer flows, so does the economy, as consumers keep growth aloft

WallStreetReview
As the beer flows, so does the economy, as consumers keep growth aloft
DENVER (Reuters) – If the global economy hits the skids, the warning may come from the hop-covered taproom of the Denver Beer Co, where yearly sales are up 17% and founder Charlie Berger says the new “Juicy Freak” India Pale Ale is a bestseller despite its $1-per-pint higher price tag. Charlie Berger, founder of the Denver Beer Co., speaks at... Read More

Are U.S.-Chinese tariffs on almost everything the ‘new normal’?

WallStreetReview
Are U.S.-Chinese tariffs on almost everything the ‘new normal’?
WASHINGTON (Reuters) – U.S. President Donald Trump called his Phase 1 trade deal with China “by far, the greatest and biggest deal ever made,” even though nothing was agreed on paper, and most of the tariffs set upon Chinese goods remain in place. FILE PHOTO: Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese... Read More

China September exports, imports in deeper contraction as tariffs take toll

WallStreetReview
China September exports, imports in deeper contraction as tariffs take toll
BEIJING (Reuters) – A slide in China’s exports picked up pace in September while imports contracted for a fifth straight month, pointing to further weakness in the economy and underlining the need for more stimulus as the Sino-U.S. trade war drags on. FILE PHOTO: A truck transports a container at a port in Qingdao, Shandong province, China July 11, 2019.... Read More