Brazil aviation regulator will no longer ground 10 Avianca Brasil planes
Brazil’s aviation regulator ANAC said on Friday it would no longer ground 10 planes operated by Avianca Brasil, which represented 20 percent of the struggling carrier’s fleet.
Exclusive: U.S. pushing for regular review of China trade, reform progress
The United States is pushing for regular reviews of China’s progress on pledged trade reforms as a condition for a trade deal – and could again resort to tariffs if it deems Beijing has violated the agreement, according to sources briefed on negotiatio…
PBGC steps in to oversee Sears’ two pension plans
Pension Benefit Guaranty Corp (PBGC) is taking steps to assume responsibility for bankrupt retailer Sears Holdings Corp’s two pension plans, covering about 90,000 people, the U.S. government agency said on Friday.
Wall Street rally builds on trade optimism
Technology and industrial stocks powered Wall Street’s rise on Friday, setting the three main indexes on track for their fourth week of gains, amid growing optimism that the United States and China would resolve their bitter trade dispute.
Take Five: World markets themes for the week ahead
Following are five big themes likely to dominate the thinking of investors and traders in the coming week and the Reuters stories related to them.
Tiffany holiday sales fall as dollar crimps Chinese tourists’ spending
Tiffany & Co tempered its yearly profit forecast on Friday after the luxury jeweler’s holiday sales fell unexpectedly as Chinese tourists spent less globally due to a stronger dollar and demand softened in Europe and at home.
U.S. consumer morale at two-year low; factory output surges
U.S. consumer sentiment tumbled in early January to its lowest level since President Donald Trump was elected more than two years ago as an ongoing partial shutdown of the federal government and financial market volatility stoked fears of a sharp decel…
Testing times from Beijing to Wall Street
If you were surprised by this month’s bounce in global stock markets, next week may tell you if you should join in or stay out.
Exclusive: BlackRock, Goldman to move some fund managers to U.S. if no-deal Brexit – sources
BlackRock and Goldman Sachs Asset Management both plan to temporarily move some British-based fund managers to New York in the event of a no-deal Brexit, two sources told Reuters.
Oil jumps 3 percent on OPEC plan details, U.S.-China trade hopes
Oil prices rallied about 3 percent on Friday, boosted after OPEC detailed specifics on its production-cut activity to reduce world supply, and on signals of progress in resolving the U.S.-China trade war.
