Category: Economy

Weak U.S. data underscore growing headwinds to economy

WallStreetReview
Weak U.S. data underscore growing headwinds to economy
WASHINGTON (Reuters) – New orders for key U.S.-made capital goods unexpectedly fell in December amid declining demand for machinery and primary metals, pointing to a sustained slowdown in business spending on equipment that could further crimp economic growth. People look at Deere equipment as they attend National Farm Machinery show in Louisville, Kentucky, February 11, 2016. With U.S. farmers bracing... Read More

Global shares retain gains, Aussie whacked by rates and coal woes

WallStreetReview
Global shares retain gains, Aussie whacked by rates and coal woes
LONDON (Reuters) – Signs the United States and China were tackling some of the stickiest issues in their trade war kept world shares near a four-month high on Thursday, though it could not prevent a favorite Chinese proxy, the Aussie dollar, hitting the skids. Visitors look at a stock quotation board at Tokyo Stock Exchange in Tokyo Japan, October 11,... Read More

Asia shares rise on U.S.-China trade deal optimism, Aussie tumbles

WallStreetReview
Asia shares rise on U.S.-China trade deal optimism, Aussie tumbles
TOKYO (Reuters) – Asian shares pulled ahead to fresh 4-1/2-month highs and U.S. equity futures rose on a Reuters report that the United States and China have started to tackle the stickiest issues in their trade war. Visitors look at a stock quotation board at Tokyo Stock Exchange in Tokyo Japan, October 11, 2018. REUTERS/Issei Kato/File Photo Spread-betters expect Frankfurt’s... Read More

Asia shares up on Fed outlook, Aussie dollar seesaws after jobs data

WallStreetReview
Asia shares up on Fed outlook, Aussie dollar seesaws after jobs data
TOKYO (Reuters) – Asian shares pulled ahead to fresh 4-1/2-month highs on Thursday after the U.S. Federal Reserve affirmed it would be “patient” on further interest rate rises and as Sino-U.S. trade talks hinted of progress towards a deal in their tariff war. Visitors look at a stock quotation board at Tokyo Stock Exchange in Tokyo Japan, October 11, 2018.... Read More

Asia shares steady after Fed minutes, Aussie rallies

WallStreetReview
Asia shares steady after Fed minutes, Aussie rallies
TOKYO (Reuters) – Asian shares held near 4-1/2-month highs on Thursday after U.S. Federal Reserve minutes affirmed it would be “patient” on interest rate rises and risk assets got a lift from hopes of further progress in U.S.-China trade talks. Visitors look at a stock quotation board at Tokyo Stock Exchange in Tokyo Japan, October 11, 2018. REUTERS/Issei Kato/File Photo... Read More

Sainsbury’s-Asda deal in jeopardy as UK regulator condemns plan

WallStreetReview
Sainsbury’s-Asda deal in jeopardy as UK regulator condemns plan
LONDON (Reuters) – Britain’s competition regulator has dealt a potentially fatal blow to Sainsbury’s planned $9.5 billion takeover of Walmart’s Asda, saying it was unlikely the companies would be able to address its “extensive” concerns about the deal. FILE PHOTO: A man walks past branches of ASDA and Sainsbury’s in Stockport, Britain April 30, 2018. REUTERS/Phil Noble/File Photo Shares in... Read More

Sainsbury’s-Asda deal in doubt as UK regulator raises big objections

WallStreetReview
Sainsbury’s-Asda deal in doubt as UK regulator raises big objections
LONDON (Reuters) – Britain’s competition regulator has dealt a potentially fatal blow to Sainsbury’s planned $9.5 billion takeover of Walmart’s Asda, saying it was unlikely the companies would be able to address its “extensive” concerns about the deal. FILE PHOTO: A man walks past branches of ASDA and Sainsbury’s in Stockport, Britain April 30, 2018. REUTERS/Phil Noble/File Photo Shares in... Read More

UK regulator raises big objections to Sainsbury’s-Asda deal

WallStreetReview
UK regulator raises big objections to Sainsbury’s-Asda deal
LONDON (Reuters) – Britain’s competition regulator said on Wednesday Sainsbury’s planned $9.5 billion takeover of Walmart-owned Asda should either be blocked or require the sale of a significant number of stores, or even one of the brands. FILE PHOTO: Workers unload a Sainsbury’s home delivery van in central London, Britain, April 30, 2018. REUTERS/Toby Melville/File Photo In a major blow... Read More

Mexico to inject $3.9 billion in Pemex, seeks to prevent credit downgrade

WallStreetReview
Mexico to inject $3.9 billion in Pemex, seeks to prevent credit downgrade
MEXICO CITY (Reuters) – Mexico will inject $3.9 billion into ailing state oil company Pemex, officials said on Friday, promising to strengthen its finances and prevent a further credit downgrade, although investors saw the plan as only a short-term fix. FILE PHOTO: A digital LED price sign of state-owned company Petroleos Mexicanos (PEMEX) shows their gasoline prices at a gas... Read More