WASHINGTON () – U.S. Senator Elizabeth Warren, a liberal firebrand who has taken on Wall Street and traded barbs with Donald Trump, on Monday became the most prominent Democrat to announce a challenge to the Republican president in 2020. Warren said she had formed an exploratory committee, which will allow her to begin raising money
WASHINGTON () – U.S. Senator Elizabeth Warren, a liberal firebrand who has taken on Wall Street and traded barbs with Donald Trump, on Monday became the most prominent Democrat to announce a challenge to the Republican president in 2020. Warren said she had formed an exploratory committee, which will allow her to begin raising money
() – Chinese electric vehicle developer Faraday Future said on Monday it signed a new restructuring agreement with a unit of its main investor, Evergrande Health Industry Group Ltd (0708.HK), ending a bitter legal fight and clearing the path for raising funds. Season Smart, which agreed to be bought by China’s Evergrande Health, will now
WASHINGTON () – U.S. Senator Elizabeth Warren, a liberal firebrand who has taken on Wall Street and traded barbs with Donald Trump, on Monday became the most prominent Democrat to announce a challenge to the Republican president in 2020. Warren said she had formed an exploratory committee, which will allow her to begin raising money
SAO PAULO () – Brazil’s business community will give far-right President-elect Jair Bolsonaro little in the way of a honeymoon as it presses him to make good on campaign promises to tame the country’s bureaucracy and erase a yawning public deficit. FILE PHOTO: Brazil’s President-elect Jair Bolsonaro speaks in a synagogue in Rio de Janeiro,
MEXICO CITY, Dec 31 () – The Mexican stock exchange was on track on Monday to post its worst quarter in over 17 years, dragged down by doubts about how the new leftist government will manage the economy as well as concerns over global growth and trade. Mexico’s S&P/BMV IPC stock index has declined over
FILE PHOTO: A flag flies behind an enclosure on the territory of the U.S. embassy in Moscow, Russia March 28, 2018. /Tatyana Makeyeva/File PhotoMOSCOW () – Russia’s FSB state security service said on Monday it had detained an American citizen suspected of spying in Moscow and had opened a criminal case against him. The FSB
MOSCOW () – Russia’s FSB state security service said on Monday it had detained an American citizen suspected of spying in Moscow and had opened a criminal case against him. FILE PHOTO: A flag flies behind an enclosure on the territory of the U.S. embassy in Moscow, Russia March 28, 2018. /Tatyana Makeyeva/File PhotoThe FSB
SAO PAULO () – Brazil’s business community will give far-right President-elect Jair Bolsonaro little in the way of a honeymoon as it presses him to make good on campaign promises to tame the country’s bureaucracy and erase a yawning public deficit. FILE PHOTO: Brazil’s President-elect Jair Bolsonaro speaks in a synagogue in Rio de Janeiro,
WASHINGTON () – U.S. Senator Elizabeth Warren, a liberal firebrand and Wall Street antagonist, took the first step toward a 2020 White House run on Monday, becoming the most prominent Democrat to announce a challenge to Republican President Donald Trump. FILE PHOTO: U.S. Senator Elizabeth Warren (D-MA) leaves after delivering a major policy speech on
LONDON () – Economic optimists have for years been misguidedly predicting the twilight of the boring, safety-first bond market. And the year gone by was another one that proved them wrong, particularly in the euro zone. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September
(Adds quote, details) Dec 31 () – India’s central bank on Monday said the proportion of commercial lenders’ non-performing assets (NPAs) may fall slightly to 10.3 percent by March, thanks to measures including the creation of a bankruptcy code. In June, the Reserve Bank of India (RBI) had said commercial lenders’ ratio for gross bad
WASHINGTON () – U.S. Senator Elizabeth Warren took the first step toward a 2020 presidential run on Monday, becoming the most prominent Democrat to announce a challenge to Republican President Donald Trump. FILE PHOTO: U.S. Senator Elizabeth Warren (D-MA) leaves after delivering a major policy speech on « Ending corruption in Washington » at the National Press
LONDON () – European shares closed slightly higher on Monday as soothing comments from Washington and Beijing about trade frictions between the world’s top two economies provided some comfort for investors as a bruising year in equity markets drew to a close. Stock index price for France’s CAC 40 and company stock price information are
() – U.S. companies have sent home over half a trillion dollars of cash they held overseas in 2018 to take advantage of tax changes, but data suggest the pace is slowing, potentially removing a key source of support for Wall Street. FILE PHOTO: U.S. Dollar banknotes are seen in this photo illustration taken February
(Adds details, context) NAIROBI, Dec 31 () – Kenya’s economy expanded faster in the third quarter of this year than in the same period last year due to strong performance in the agriculture and construction sectors, the statistics office said on Monday. The Kenya National Bureau of Statistics said the economy grew 6 percent in
LONDON () – The London Metal Exchange (LME) confirmed on Monday it would lift its suspension on aluminum produced by Russia’s Rusal (0486.HK) if U.S. sanctions are lifted, saying a consultation with users had not raised any objections to the plan. The LME proposed removing its block on Rusal metal on Dec. 19, after the
NAIROBI, Dec 31 () – Kenya’s gross domestic product grew by 6 percent in the third quarter of 2018, compared with 4.7 percent in the same period last year, Kenya National Bureau of Statistics said on Monday. The current account deficit narrowed by 23 percent to 116 billion Kenyan shillings ($1.14 billion), it said. $1
Dec 31 () – Asian stock markets ended 2018 with negative returns in dollar terms, weighed down by trade tensions and slowing profit growth. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 16 percent this year in its sharpest drop since 2011. Chinese equities were the top losers in the region, shedding about 29
(Repeats to add bylines; no change in text.) By Ritvik Carvalho and Julien Ponthus LONDON, Dec 31 () – Paris, December 31, 1998: Fearing his country’s pay-as-you-go pension scheme is unsustainable, a 40-year old French engineer – let’s call him Jean Dupont – makes a New Year resolution. Hoping the introduction of the euro the
MOSCOW () – Russia’s domestic security service (FSB) said on Monday it had detained an American citizen suspected of spying in Moscow. The FSB, which said the American had been detained on December 28, said in a statement that a criminal case had been opened against him. It did not provide any detail about the
(For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE 100 up 0.2 pct * FTSE 250 adds 0.4 pct * Miners top boosts on the main index * Cabot Energy tanks to hit record low Dec 31 () – UK shares edged higher on Monday after comments by
LONDON () – European shares were slightly higher in early deals on Monday as soothing comments from Washington and Beijing about trade frictions between the world’s top two economies provided some salve for investors after a bruising year in equity markets. Stock index price for France’s CAC 40 and company stock price information are displayed
Sir Martin Sorrell attends a conference at the Cannes Lions International Festival of Creativity, in Cannes, France, June 22, 2018. /Eric Gaillard() – Martin Sorrell’s new era advertising firm S4 Capital (SFOR.L) said on Monday it had secured two major new clients in the run up to Christmas as it reported like-for-like revenue had jumped
Sir Martin Sorrell attends a conference at the Cannes Lions International Festival of Creativity, in Cannes, France, June 22, 2018. /Eric Gaillard() – Martin Sorrell’s new era advertising firm S4 Capital (SFOR.L) said on Monday it had secured two major new clients in the run up to Christmas as it reported like-for-like revenue had jumped
* Aussie benchmark closes flat on last trading session of 2018 * Benchmark sheds 6.9 pct, biggest annual drop since 2011 (Updates to close) Dec 31 () – Australian shares finished flat on Monday, capping their worst year since 2011, as gains in miners on higher commodities prices were offset by losses in industrials and
* HSI, HSCE both add 1.3 pct; gains seen across sectors * Local market is down for the month, quarter and year * Sentiment high on signs of Sino-U.S. trade talk progress * Technology sector climbs after approval for online games HONG KONG, Dec 31 () – Hong Kong shares climbed over 1 percent on
Dec 31 () – Singaporean and Malaysian stocks rose on Monday in thin year-end trading as a phone call between U.S. and Chinese leaders spurred hopes that the two economic heavyweights would reach a deal that could ease their damaging trade standoff. While other markets in the region were shut, Singapore and Malaysia gained modestly,
FILE PHOTO: Bank of Korea Governor Lee Ju-yeol speaks during a news conference in Seoul, South Korea, November 30, 2017. /Kim Hong-JiSEOUL () – South Korea’s central bank chief said in a New Year’s message on Monday that policy should remain accommodative next year as demand-side inflation pressures were expected to remain low. “For the
BEIJING, Dec 31 () – Growth in China’s services industry picked up in December after a two-month slowdown, an official survey showed, offering some respite for the slowing economy though the outlook remains gloomy as domestic and external risks to growth rise. The official non-manufacturing Purchasing Managers’ Index (PMI) released on Monday rose to 53.8
