EU fails to block U.S. tariffs in new WTO aircraft ruling: sources
The World Trade Organization has found the EU has failed to withdraw all subsidies to planemaker Airbus, three people familiar with the matter said, a decision likely to permit the United States to maintain tariffs on European goods.
Saudi Arabia wants OPEC+ to deepen oil cuts due to Aramco IPO
OPEC and its allies plan to deepen oil cuts and have the deal in place so it runs at least until June 2020 as Saudi Arabia wants to deliver a positive surprise to the market before the listing of Saudi Aramco, two sources familiar with the talks said.
Oil jumps above $61 on talk of further OPEC+ supply curbs
Oil jumped above $61 a barrel on Monday, supported by hints that OPEC and its allies may agree to deepen output cuts at a meeting this week and as rising manufacturing activity in China suggested stronger demand.
Hong Kong Airlines told to improve finances or risk losing license
Hong Kong Airlines, controlled by cash-strapped Chinese conglomerate HNA Group, must shore up its financial position by Dec. 7 or risk the suspension or loss of its license, a Hong Kong air transport regulator said on Monday.
Euro zone factory activity shrank in November but worst may be over: PMI
Euro zone manufacturing activity contracted for a 10th straight month in November although the bloc’s battered factories may have turned a corner as forward-looking indicators in Monday’s survey appear to have passed a nadir.
China’s facial recognition rollout reaches into mobile phones, shops and homes
China on Sunday put into effect new regulations that require Chinese telecom carriers to scan the faces of users registering new mobile phone services, a move the government says is aimed at cracking down on fraud.
Stocks rally on Chinese data boost, cautious trade optimism
Stock markets rebounded on Monday as decent manufacturing data in China and renewed optimism over a trade deal eroded some of the jitters which emerged among investors last week.
China picks new leaders for Macau, replaces economy chief
China has appointed a slate of new officials to head the world’s top gambling hub of Macau, changing key roles including the city’s economy and justice secretaries.
UBS Asset Management bullish on emerging market equities, debt
The United States’ economic outperformance will wane, the dollar will probably weaken and growth next year can be expected from emerging markets, UBS Asset Management said on Monday, the latest money manager to turn bullish on the sector.
New Nissan CEO pledges better performance, cooperation with Renault
Nissan Motor Co chief executive Makoto Uchida said on Monday that he would work to improve the automaker’s financial performance and co-operate closely with alliance partner Renault SA , while maintaining Nissan’s independence.
