Asian shares wobbly, euro steady after ECB ends QE
Asian shares were on the defensive on Friday as investors kept a wary eye on economic tensions between Washington and Beijing while the euro was steady after the European Central Bank halted new bond purchases as expected.
Japan business mood steady but outlook sours: BOJ tankan
Confidence among Japan’s big firms remained unchanged from three months ago, a closely-watched central bank survey showed, but sentiment on the outlook soured for the first time in three quarters as trade frictions and global growth concerns hurt the b…
Nissan board may fail to select new chairman on Monday: Nikkei
Nissan Motor Co’s board may fail to select a chairman to succeed Carlos Ghosn as had been planned on Dec. 17 after a panel tasked to choose a candidate was unable to agree on a nominee in a meeting held Thursday, the Nikkei reported.
New York sues Target, Walmart over lead-contaminated toys
Target Corp , Walmart Inc and toy importer LaRose Industries were sued on Thursday over the sale of lead-contaminated children’s toys, New York Attorney General Barbara Underwood said.
U.S. recession risks jump, Fed rate hike expectations slump – Reuters poll
The risk of a U.S. recession in the next two years has risen to 40 percent, according to a Reuters poll of economists who also found a significant shift in expectations toward fewer Federal Reserve interest rate rises next year.
Costco margin dip overshadows sales beat, shares slide
Costco Wholesale Corp’s gross margins fell in the first quarter, as the warehouse operator paid higher wages, ramped up investments in its online business and cut prices amid intense competition in the grocery industry.
PG&E seeks 12 percent rate hike in 2020
PG&E Corp said on Thursday it had requested California’s top utilities regulator for a 12 percent rate hike in 2020 to fund its community wildfire safety program, insurance liabilities, and core gas and electric operations.
Instacart, Amazon’s Whole Foods relationship to end next year
Instacart said on Thursday it will stop delivering groceries for Whole Foods next year, ending a partnership that has been under stress since Amazon.com Inc bought the upmarket grocer last year.
Evidence of Apple switch ruled inadmissible in Qualcomm antitrust case
A federal judge on Thursday ruled that evidence provided by chip supplier Qualcomm Inc that major phone makers like Apple Inc have moved to competing suppliers like Intel Corp cannot be used to fight allegations Qualcomm acted to preserve a monopoly…
Starbucks sales growth to be steady despite UberEats deal, plans for China expansion
Starbucks Corp said on Thursday it was partnering with UberEats for delivery from about 3,500 U.S. stores and would nearly double its outlets in China over the next four years, but forecast that same-store sales would remain steady, sending shares dow…
