newszine

Asian stocks slip as virus’ global impact puts markets on edge

2 hours ago NAMEX Comments Off on Asian stocks slip as virus’ global impact puts markets on edge
SINGAPORE (Reuters) – Asian stocks eased and currency markets were skittish on Thursday, as virus cases rose in South Korea and Japan even as China added more stimulus via a rate cut to support its economy. FILE PHOTO: A men wearing a mask walk at the Shanghai Stock Exchange building at the Pudong financial district Read More

Forever 21 snapped up by mall owners, Authentic Brands

2 hours ago NAMEX Comments Off on Forever 21 snapped up by mall owners, Authentic Brands
FILE PHOTO: Shoppers enter a Forever 21 fashion retail store at the King of Prussia mall in King of Prussia, Pennsylvania, U.S. September 30, 2019. REUTERS/Mark Makela (Reuters) – Forever 21 has a new lease on life after Simon Property Group Inc (SPG.N), Brookfield Property Partners LP (BPY.O) and Authentic Brands Group agreed to acquire Read More

U.S. meeting on Huawei, China policy still on for Thursday despite Trump tweets: sources

4 hours ago NAMEX Comments Off on U.S. meeting on Huawei, China policy still on for Thursday despite Trump tweets: sources
FILE PHOTO: The Huawei logo is pictured on the company’s stand during the ‘Electronics Show – International Trade Fair for Consumer Electronics’ at Ptak Warsaw Expo in Nadarzyn, Poland, May 10, 2019. REUTERS/Kacper Pempel WASHINGTON (Reuters) – A meeting of U.S. government officials to discuss further curbs on exports to Huawei and China is still Read More

Manufacturers entangled in logistical nightmare as virus-hit China limps back to work

4 hours ago NAMEX Comments Off on Manufacturers entangled in logistical nightmare as virus-hit China limps back to work
SHANGHAI/BANGKOK (Reuters) – Blocked highways. Stranded workers. Dwindling supplies. Shipping and air freight companies also hamstrung. FILE PHOTO: Workers wearing face masks load cargo to a truck next to containers at a railway cargo terminal, as the country is hit by an outbreak of the novel coronavirus, in Yinchuan, Ningxia Hui Autonomous Region, China February Read More

Google plans to move UK users’ accounts outside EU jurisdiction

4 hours ago NAMEX Comments Off on Google plans to move UK users’ accounts outside EU jurisdiction
SAN FRANCISCO (Reuters) – Google is planning to move its British users’ accounts out of the control of European Union privacy regulators, placing them under U.S. jurisdiction instead, the company confirmed late on Wednesday. FILE PHOTO: The Google internet homepage is displayed on a product at a store in London, Britain January 23, 2016. REUTERS/Neil Read More

Lofty stocks, hefty debt sow seeds of worry for some at Fed

6 hours ago NAMEX Comments Off on Lofty stocks, hefty debt sow seeds of worry for some at Fed
(Reuters) – Rock-bottom corporate bond yields, high levels of business debt and one of the fastest expansions of stock market valuations on record are worrying some Federal Reserve officials who fret such financial imbalances could aggravate any negative shocks to the U.S. economy. While agreeing that overall financial vulnerabilities were modest, minutes of the Fed’s Read More

Fed staff float plan to end term-repo after April, minutes show

8 hours ago NAMEX Comments Off on Fed staff float plan to end term-repo after April, minutes show
(Reuters) – Senior Federal Reserve staff proposed ending longer-term loans to banks after April as part of a broader blueprint laying out how the central bank could scale back the support provided to money markets, the minutes from the January policy meeting showed. The proposal, which received a warm reception from policymakers, explained how the Read More

Fed policymakers cautiously optimistic on U.S. economy despite new risks, minutes show

8 hours ago NAMEX Comments Off on Fed policymakers cautiously optimistic on U.S. economy despite new risks, minutes show
WASHINGTON (Reuters) – Federal Reserve policymakers were cautiously optimistic about their ability to hold interest rates steady this year, minutes of the central bank’s last policy meeting showed, even as they acknowledged new risks caused by the coronavirus outbreak. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Read More

French judges step up Ghosn probe over palace party, Oman dealings

8 hours ago NAMEX Comments Off on French judges step up Ghosn probe over palace party, Oman dealings
PARIS (Reuters) – French prosecutors have stepped up their investigation into alleged misappropriation of funds at Renault (RENA.PA) by former boss Carlos Ghosn, saying a judge had now been assigned to the case to launch a formal investigation. FILE PHOTO: Former Nissan chairman Carlos Ghosn gestures during a news conference at the Lebanese Press Syndicate Read More

U.S. housing starts fall, building permits near 13-year high

10 hours ago NAMEX Comments Off on U.S. housing starts fall, building permits near 13-year high
WASHINGTON (Reuters) – U.S. homebuilding fell less than expected in January while permits surged to a near 13-year high, pointing to sustained housing market strength that could help keep the longest economic expansion in history on track. A new apartment building housing construction site is seen in Los Angeles, California, U.S. July 30, 2018. REUTERS/Lucy Read More