Asian stocks see brighter world as trade, UK clouds lift
Asian share markets jumped on Friday as a last-gasp Sino-U.S. trade deal and a likely major election win by Britain’s Conservative Party looked to have cleared a couple of dark clouds from the global horizon.
Airbus beats Boeing to become preferred supplier for Qantas Sydney-London flights
Qantas Airways Ltd said on Friday it has chosen Airbus SE as preferred supplier for jets capable of the world’s longest commercial flights from Sydney to London, beating rival Boeing Co after a hard-fought contest.
China to buy $50 billion in U.S. farm products in return for tariff concessions-U.S. sources
The White House has agreed to suspend some tariffs on Chinese goods and reduce others in return for Beijing’s pledge to hike purchases of U.S. farm products in 2020, sources said on Thursday, taking a step towards de-escalating the trade war between th…
Broadcom’s full-year forecast fails to impress Wall Street, shares down
Broadcom Inc’s fourth-quarter earnings beat Street estimates on Thursday, but investors were put off by slowing growth in semiconductor business and a lukewarm revenue forecast for 2020, sending its shares down about 2% in extended trade.
A U.S. ‘deal in principle’ with China on trade may be more limited than October pledge
The White House reached a “deal in principle” with Beijing on trade, sources briefed on the talks said on Thursday, but it may be narrower than the “Phase 1” deal U.S. President Donald Trump promised in October.
U.S., China agree to reduce tariffs, delay duties scheduled for Dec. 15: source
The United States has agreed to reduce some tariffs on Chinese goods and delay a tranche of tariffs that were slated to go into effect on Dec. 15 as part of a trade deal between the two economic giants, a U.S. source familiar with the situation said on…
U.S. labor board approves McDonald’s bid to settle case by franchise workers
A U.S. labor board on Thursday approved McDonald’s Corp’s proposed settlement allowing the fast-food company to avoid a ruling on whether it is a “joint employer” of franchise workers and could be made to bargain with unions.
Broadcom full-year forecast gets a 5G boost
Broadcom Inc forecast full-year 2020 revenue above Wall Street estimates on Thursday, as the company expects to benefit from strong demand for its chips from rising 5G adoption and growth in its software business.
Boeing scuttles 2019 timeline for 737 MAX return after CEO meets with U.S. FAA
Boeing Co on Thursday abandoned its goal of winning approval this month from the Federal Aviation Administration to unground the 737 MAX after Chief Executive Dennis Muilenburg met with senior U.S. aviation officials.
Trump signs off on tariff deal with China: Bloomberg News
U.S. President Donald Trump on Thursday signed off on a trade deal with China that would delay a new round of tariffs that was to be put in place on Dec. 15, Bloomberg News reported.
