Choppy markets leave U.S. bank bonus decisions in limbo
December is always a month of suspense on Wall Street, as dealmakers, traders and money managers at big U.S. banks wait to find out how much they will receive in bonuses.
Oil prices recoil as specter of trade war, weaker demand haunts market
Oil prices slipped on Tuesday for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC’s agreement with associated producers at the end of last week to deepen crude output cuts in early 2020.
Asian shares ease slightly as tariff deadline looms
Asian equity markets ticked down on Tuesday, tracking Wall Street losses as investors fretted over a Dec. 15 deadline for the next round of U.S. tariffs on Chinese imports to take effect.
Ford to nearly halve its 2018 before interest and taxes loss in China
U.S. automaker Ford Motor Co. said on Monday it expects its full year 2019 loss, before interest and taxes, from China to be nearly halved from the year ago.
White House adviser Kushner says ‘making pretty good progress’ on USMCA
White House adviser Jared Kushner said on Monday there was progress on reaching a trade deal with Mexico and Canada, but he would not confirm reports he planned to travel to Mexico for talks.
U.S., Canadian officials converge on Mexico City to seal final changes to trade deal
Senior U.S. and Canadian officials were set to fly to Mexico City on Tuesday to work on the final changes to a languishing North American trade pact that could clear the way for a vote in the U.S. Congress before the end of the year.
Honda’s Hachigo seizes the wheel as quality crisis hits profits
At a two-day gathering for Honda’s suppliers in March, Chief Executive Takahiro Hachigo sounded the alarm.
Australia cartel case against Citi, Deutsche delayed by late night witness statement
An Australian criminal cartel lawsuit against Citigroup Inc and Deutsche Bank AG was postponed on Tuesday after defense lawyers complained the prosecution had given them a redacted statement for a key witness late on the previous day.
Oil prices slip again as specter of trade war, demand concerns haunts market
Oil prices dropped on Tuesday for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC’s agreement with associated producers at the end of last week to deepen crude output cuts in early 2020.
House Speaker Pelosi says ‘not quite finished yet’ in reaching USMCA deal
A deal to clinch a North American trade pact with Canada and Mexico was close but “not quite finished yet,” Nancy Pelosi, the speaker of the U.S. House of Representatives, said on Monday.
