Dollar scales 11-month peak, oil slides ahead of OPEC
LONDON (Reuters) – Simmering trade and political tensions and a pumped-up dollar weighed on world shares on Thursday, while oil prices were under pressure before an OPEC meeting expected to increase the world’s supply of crude.
Volkswagen Truck & Bus to list 25 percent stake in summer 2019: Manager Magazin
FRANKFURT (Reuters) – Volkswagen’s Truck & Bus division plans an initial public offering in summer 2019 and could raise more than 6 billion euros ($6.9 billion) by listing a stake of around 25 percent, the division’s chief executive told Manager Magazin.
Starbucks blames slower China growth on drop in third-party delivery orders
(Reuters) – Starbucks Corp has reported a sudden slowdown in China growth just weeks after trumpeting rapid expansion in the country, citing a drop-off in unapproved third-party delivery services whose bulk orders had been clogging up its cafes.
Double whammy: U.S. pork, fruit producers brace for second wave of Chinese tariffs
BEIJING/CHICAGO (Reuters) – U.S. producers of pork, already saddled with duties enacted in an earlier round of the escalating trade dispute with China, are bracing for further pain after Beijing hit the products with additional tariffs due to come into…
Ex-Airbus boss urges UK-French defense industry ties after Brexit
PARIS (Reuters) – A leading French industrialist has urged France and Britain to preserve co-operation in the defense industry despite Britain’s departure from the European Union next year.
Global shares edge up, China pulls Asia down, oil subdued pre: OPEC
SYDNEY (Reuters) – Shares crept higher in most major markets on Thursday as a lull in the Sino-U.S. trade tussle and talk of more stimulus in China helped calm nerves, though the nagging trade tensions caused Chinese shares to slip, dragging other Asia…
China-U.S. trade war hits Daimler profit, may sweep sector
FRANKFURT (Reuters) – Germany’s Daimler cut its 2018 profit forecast and BMW said it was looking at “strategic options” because of a trade war between China and the United States, sparking fears of a wave of earnings downgrades in the auto industry.
Washington’s ‘capricious’ trade actions will hurt U.S. workers, China warns
BEIJING (Reuters) – China’s commerce ministry on Thursday accused the United States of being “capricious” over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt by Washington’s penchant for brandi…
Bank investors await U.S. stress test results for capital returns
NEW YORK (Reuters) – U.S. investors expect banks and other financial institutions to announce large returns of capital to shareholders after the Federal Reserve publishes the first set of results from its annual “stress test” late Thursday.
China warns Washington’s ‘capricious’ trade actions will hurt U.S. workers
BEIJING (Reuters) – China’s commerce ministry on Thursday accused the United States of being “capricious” over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt by Washington’s penchant for brandi…
