NEW YORK (Reuters) – Worries that a broadening trade war between the United States and China will upend the global supply chain are prompting some U.S. fund managers to buy shares of companies they believe will shield them from such disruptions. FILE PHOTO: A Tencent sign is seen during the fourth World Internet Conference in
TOKYO (Reuters) – Business confidence among Japan’s big manufacturers worsened for a second straight quarter in the three months to June, a Bank of Japan survey showed, with the outlook clouded by U.S. trade protectionism and rising input costs. FILE PHOTO: A humanoid robot works side by side with employees in the assembly line at
BERKELEY HEIGHTS, N.J. (Reuters) – President Donald Trump lashed out at OPEC with a warning to stop manipulating oil markets and piled pressure on close U.S. allies in an interview that aired on Sunday with a threat to sanction European companies that do business with Iran. FILE PHOTO: U.S. President Donald Trump delivers remarks at
WASHINGTON/RIYADH (Reuters) – The leader of Saudi Arabia promised President Donald Trump that he can boost oil production if needed and the country has 2 million barrels per day of spare capacity available, the White House said on Saturday. FILE PHOTO: Saudi Arabia’s King Salman bin Abdulaziz Al Saud talks during the opening of 29th
WASHINGTON/RIYADH (Reuters) – U.S. President Donald Trump said in a tweet on Saturday that Saudi Arabia’s King Salman had agreed to his request to increase oil production “maybe up to 2,000,000 barrels” to offset a decline in supplies from Iran and Venezuela. FILE PHOTO: U.S. President Donald Trump speaks to the press aboard Air Force
BEIJING (Reuters) – Growth in China’s manufacturing sector slowed in June after a better-than-expected performance in May, official data showed, as escalating trade tensions with the United States fuel concerns about a slowdown in the world’s second-biggest economy. FILE PHOTO: A labourer works inside an electronics factory in Qingdao, Shandong province, China January 29, 2018.
(Reuters) – Nike Inc’s (NKE.N) shares jumped 12 percent to their all-time high on Friday after the world’s largest shoe maker saw a major sales rebound in its North America business and forecast strong growth for 2019. FILE PHOTO: The logo of Nike (NKE) is seen in Los Angeles, California, United States, April 12, 2016.
MUMBAI (Reuters) – Multinational companies like Amazon Inc (AMZN.O) and H&M (HMb.ST) are lobbying to soften a ban against single-use plastic imposed by an Indian state last week, according to four sources familiar with the matter. A notice is pasted outside a shop stating the unavailability of plastic bags at a market in Mumbai, India,
DUBAI/LONDON (Reuters) – Iran may be Russia’s ally in the Syrian conflict but when it comes to oil, Tehran’s arch-enemy Saudi Arabia takes precedence – if last week’s OPEC meeting in Vienna is anything to go by. FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen at OPEC’s headquarters
WASHINGTON (Reuters) – Walt Disney Co won U.S. approval to buy Twenty-First Century Fox Inc entertainment assets for $71.3 billion on condition it sell Fox’s 22 regional sports networks, the Justice Department said on Wednesday, giving Disney an edge over Comcast Corp’s competing bid. The Fox movie franchises and TV shows have been the subject
(Reuters) – U.S. stocks opened higher on Wednesday after the Trump administration said it would use a strengthened security review process to deal with threats from Chinese investments in domestic technologies, instead of imposing China-specific restrictions. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S.,
SINGAPORE (Reuters) – Oil prices rose on Wednesday, pushed up by supply disruptions in Libya and Canada and after U.S. officials said all countries should stop Iranian crude imports from November. FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas, U.S., May 3, 2017. REUTERS/Ernest Scheyder/File Photo Brent crude futures LCOc1
CHICAGO/NEW YORK (Reuters) – With its lonely hallways, half-shut food court and out-of-order restrooms, the River Oaks Center mall in suburban Chicago seems like an unlikely place to make money. FILE PHOTO – A store vacancy sign hangs at a property owned by Mason Asset Management and Namdar Realty Group at Matteson Town Center in
SINGAPORE (Reuters) – Oil prices rose on Tuesday on uncertainty over Libyan oil exports, although plans by producer cartel OPEC to raise output continued to drag. FILE PHOTO: An oil pump is seen operating in the Permian Basin near Midland, Texas, U.S. on May 3, 2017. REUTERS/Ernest Scheyder/File Photo Brent crude futures LCOc1, the international
LONDON (Reuters) – Brent crude oil fell by more than 1 percent on Monday as investors prepared for an extra 1 million barrels per day (bpd) in output to hit the markets after OPEC and its partners agreed to raise production. Despite the increase, which is intended to stop the gap between global supply and
LONDON (Reuters) – Uber [UBER.UL] goes to court on Monday to overturn a decision stripping it of its license in London after being ruled unfit to run a taxi service in its most important European market. FILE PHOTO: The Uber logo is seen on mobile telephone in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Photo