Oil prices stumble on weak China exports hangover
Oil prices fell on Monday after data showing China’s overall exports of goods and services shrank for a fourth straight month, sending shivers through a market already concerned about damage being down to global demand by the Sino-U.S. trade war.
Mexico accepts U.S. steel demand in USMCA trade deal, but with conditions
Mexico would accept a U.S. demand on steel in the United States-Mexico-Canada Agreement if the rule took effect at least five years after the trade pact’s ratification, Mexican Foreign Minister Marcelo Ebrard said on Sunday.
Global financial watchdogs take aim at Big Tech’s data dominance
Google, Alibaba and other “Big Tech” companies could be forced to share data on financial services customers with banks and financial technology firms to prevent unfair competition.
Capital One is a banking-peer bargain, even with recent gains: Barron’s
Shares of Capital One Financial Corp could climb significantly if investors look beyond its well-known credit card arm to see the bank within it, according to Barron’s Dec. 7 edition.
Mexico accepts U.S. steel demand in USMCA, with conditions
Mexican Foreign Minister Marcelo Ebrard said on Sunday that Mexico would accept a U.S. proposal regulating steel in the United States-Mexico-Canada Agreement, but only if the rule took effect at least five years after the pact’s ratification.
As Fed reiterates rate pause, forecasts likely to be blown off course
Friday’s booming U.S. jobs report should give the Federal Reserve all it needs to stick to its plan not to cut interest rates further in the near future, so when U.S. central bankers meet this week, most of the focus will be on their outlook for next y…
U.S. banks’ reluctance to lend cash may have caused repo shock: BIS
The unwillingness of the top four U.S. banks to lend cash combined with a burst of demand from hedge funds for secured funding could explain a recent spike in U.S. money market rates, the Bank for International Settlements said.
Britain’s Tesco considers Asia exit
Britain’s biggest retailer, Tesco , has signaled a further retreat from its once lofty global ambitions by starting a review of its remaining Asian businesses, which could result in a sale of those Thai and Malaysian operations.
Britain’s Tesco reviews Thai, Malaysian business for possible sale
Britain’s biggest supermarket chain Tesco said on Sunday it had started a review of its businesses in Thailand and Malaysia, including looking at a possible sale.
Jeff Bezos says Amazon wants to work more with the Pentagon
Amazon.com Inc founder Jeff Bezos said it would support the U.S. Department of Defense as technology companies vie for more defense contracts and the Pentagon seeks to modernize itself.
