U.S. inflation firms on rising healthcare, energy costs

U.S. inflation firms on rising healthcare, energy costs
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

Oil is our gold and we aim to use all of it, ADNOC official says

Oil is our gold and we aim to use all of it, ADNOC official says
ABU DHABI (Reuters) – Abu Dhabi National Oil Co aims to exhaust its vast oil and gas reserves even as many consumers switch to cleaner sources of energy, a senior executive in the Gulf oil company said. FILE PHOTO: A general view of ADNOC headquarters in Abu Dhabi, United Arab Emirates May 29, 2019. REUTERS/Christopher Pike/File Photo The world’s transition... Read More

Rising healthcare costs power U.S. consumer inflation

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

Alibaba launches $13.4 billion Hong Kong listing to fund expansion

Alibaba launches $13.4 billion Hong Kong listing to fund expansion
HONG KONG (Reuters) – Chinese e-commerce giant Alibaba Group launched the share sale for its Hong Kong listing on Wednesday, braving unrest in the global financial hub to try to raise up to $13.4 billion to fund its expansion plans. The books for institutional investors looking to buy the shares opened during the New York trading session on Wednesday. A... Read More

U.S. consumer prices increase more than expected in October

U.S. consumer prices increase more than expected in October
WASHINGTON, Reuters) – U.S. consumer prices rebounded more than expected in October and underlying inflation picked up, which together with abating trade tensions and fears of a recession, support the Federal Reserve’s signal for no further interest rate cuts in the near term. FILE PHOTO – A man in short sleeves carries shopping bags near Herald Square during unseasonably warm... Read More

European shares knocked off four-year highs by Trump speech

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

Alibaba poised to launch record-breaking $13.4 billion Hong Kong share sale: sources

Alibaba poised to launch record-breaking $13.4 billion Hong Kong share sale: sources
HONG KONG (Reuters) – Chinese e-commerce giant Alibaba Group is poised to launch a Hong Kong share sale expected to raise up to $13.4 billion as soon as Thursday, according to two sources with knowledge of the discussions. FILE PHOTO: A logo of Alibaba Group is seen at the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, Oct. 20,... Read More

European shares knocked off four-year highs on Trump speech

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