Google to move Pixel smartphone production to Vietnam: Nikkei
Alphabet Inc’s Google is shifting its Pixel smartphone production to Vietnam from China starting this year as it builds a cheap supply chain in Southeast Asia, the Nikkei business daily reported on Wednesday.
World stocks slip as bond markets ring recession alarms
World stocks nudged down on Wednesday as deepening inversion of the U.S. bond yield curve a day earlier threw up reminders of looming recession risks, sending investors toward safe havens such as the Japanese yen and precious metals.
Costco limits shoppers in first China store after opening-day fiasco
Costco Wholesale Corp said it will limit the number of shoppers at its new China store after overcrowding forced the U.S. big box retailer to shut it early on the opening day.
U.S. yield curve inverts further, 30-year yields hit new record low
A key part of the U.S. yield curve, a closely-followed recession indicator, inverted further on Wednesday while 30-year Treasury yields fell to a few record low on growing concern about the fallout from a bitter global trade conflict.
Exclusive: Aramco Trading sells first U.S. West Texas Light crude to South Korea’s Hyundai – sources
Aramco Trading Company (ATC) sold its first-ever cargo of U.S. West Texas Light (WTL) crude, with a South Korean refiner the buyer, as the Saudi Aramco unit expands its U.S. oil dealings to boost trade volumes, four people familiar with the matter said…
Asian stocks edge up on Wall Street futures, firmer oil
Asian shares eked out cautious gains on Wednesday, as higher Wall Street futures provided some relief after an overnight U.S. selloff, though deeper worries about the global economy and trade continue to weigh on market sentiment.
Exclusive: Fake-branded bars slip dirty gold into world markets
A forgery crisis is quietly roiling the world’s gold industry.
Asian stocks post modest gains on Wall Street futures, oil
Asian shares eked out cautious gains on Wednesday, as higher Wall Street futures provided some relief after an overnight U.S. selloff, though deeper worries about the global economy and trade have kept a lid on sentiment.
Hyundai Motor agrees wage deal, avoids strike for first time in eight years
Hyundai Motor Co and its South Korean workers’ union have reached a tentative wage deal and averted strike action for the first time in eight years, sending the automaker’s shares up by more than 4%.
Asian stocks find modest support on firmer U.S. futures
Asian shares eked out meager gains on Wednesday, as higher Wall Street futures provided some relief for investors after an overnight U.S. selloff, though deeper worries about the global economy are likely to keep a lid on sentiment.
