U.S. business spending slowing; housing market weak
New orders for key U.S.-made capital goods were unexpectedly unchanged in October and shipments rebounded modestly, which could temper expectations of an acceleration in business spending on equipment early in the fourth quarter.
Wall Street regains footing as tech shares recover
U.S. stocks recovered from a brutal two-day selloff on Wednesday as strong earnings from Foot Locker and gains in technology stocks lifted investor sentiment ahead of the Thanksgiving holiday.
Nissan seeks more power in Renault alliance; governments urge stability
Nissan wants more influence in its alliance with France’s Renault following the arrest of group Chairman Carlos Ghosn, arguing the structure does not adequately reflect the Japanese carmaker’s size and global sales.
China and U.S. accuse each other of hypocrisy as WTO litigation begins
The United States and China clashed on Wednesday at a World Trade Organization meeting with a U.S. envoy accusing Beijing of using the WTO to pursue “non-market” policies and a Chinese official saying it was Washington that was flouting the rulebook.
Wall Street bounces back as tech shares recover
U.S. stocks recovered from a brutal two-day selloff on Wednesday as strong earnings from Foot Locker and gains in technology stocks lifted investor sentiment ahead of the Thanksgiving holiday.
Abu Dhabi’s IPIC files lawsuit against Goldman Sachs, others over 1MDB case
Abu Dhabi’s International Petroleum Investment Co (IPIC) said on Wednesday it had filed a lawsuit against U.S. investment bank Goldman Sachs and others to recover losses suffered through its dealings with Malaysian state fund 1MDB.
Ryanair says not seeing any Brexit impact, well-prepared for no-deal
Europe’s biggest low cost airline Ryanair is not seeing any impact from Brexit on demand for flights, and is prepared for a no-deal, chief marketing officer Kenny Jacobs said.
LATAM Airlines posts steep third-quarter profit fall on Argentina, Brazil
LATAM Airlines , the biggest airline group in Latin America, reported a steep fall in third-quarter profit due to lower passenger demand in Argentina and Brazil as well as higher fuel prices and competition from low-cost airlines.
U.S. home refinancing requests fall near 18-year low: mortgage group
U.S. borrowers filed the fewest applications for home refinancing in almost 18 years last week even as mortgage rates drifted lower in step with U.S. bond yields, the Mortgage Bankers Association said on Wednesday.
China hits back at U.S. ‘hypocrisy’ at WTO meeting
China accused the United States of hypocrisy and making false claims at a World Trade Organization meeting on Wednesday, after Washington triggered litigation against China over steel tariffs and intellectual property protection.
