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European stocks recover before Fed minutes, Jackson Hole gathering

38 mins ago NAMEX Comments Off on European stocks recover before Fed minutes, Jackson Hole gathering
LONDON (Reuters) – European stocks opened higher on Wednesday as hopes for more monetary and fiscal stimulus helped assuage worries about global recession, political turmoil in Italy and endless trade wars. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 19, 2019. REUTERS/Staff Traders are waiting for Read More

Exclusive: Humbled Noble Group seeks to rebuild LNG, energy businesses: sources

1 hour ago NAMEX Comments Off on Exclusive: Humbled Noble Group seeks to rebuild LNG, energy businesses: sources
SINGAPORE (Reuters) – Noble Group Holdings (Noble Holdings) plans to rebuild its liquefied natural gas (LNG) and core energy businesses and develop rare earths as it seeks new life as a niche, Asia-focused commodity trader, sources aware of the matter said. The company logo of Noble Group is displayed at its office in Hong Kong, Read More

GLOBAL MARKETS-European stocks recover before Fed minutes, Jackson Hole gathering

2 hours ago NAMEX Comments Off on GLOBAL MARKETS-European stocks recover before Fed minutes, Jackson Hole gathering
LONDON (Reuters) – European stocks opened higher on Wednesday as hopes for more monetary and fiscal stimulus helped assuage worries about global recession, political turmoil in Italy and endless trade wars. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 19, 2019. REUTERS/Staff Traders are waiting for Read More

RPT-GLOBAL MARKETS-European stocks recover before Fed minutes, Jackson Hole gathering

2 hours ago NAMEX Comments Off on RPT-GLOBAL MARKETS-European stocks recover before Fed minutes, Jackson Hole gathering
(Adds wider subscribers) * Eyes on Fed minutes, Jackson Hole meeting for rate outlook * Italy stocks lead European rally * Germany’s borrowing costs higher before bond sale * U.S. President Trump says he had to ‘take China on’ * Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr By Tom Arnold LONDON, Aug 21 (Reuters) – Read More

Exclusive: Alibaba postpones up to $15 billion Hong Kong listing amid protests: sources

4 hours ago NAMEX Comments Off on Exclusive: Alibaba postpones up to $15 billion Hong Kong listing amid protests: sources
HONG KONG/NEW YORK (Reuters) – China’s biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters. The company sign of Alibaba Group Holding Ltd is seen outside its Beijing Read More

White House expected to replace illegal-immigrant family ‘loophole’: reports

5 hours ago NAMEX Comments Off on White House expected to replace illegal-immigrant family ‘loophole’: reports
The Trump administration on Wednesday plans to end a legal “loophole” that has allowed illegal-immigrant families to enter the U.S., according to reports. The action would replace a court order known as the Flores Settlement that has helped create a “catch and release” policy regarding immigrant families. Under the new planned policy, migrant families could Read More

China’s Geely posts 40% slump in first-half profit, sees uncertain demand outlook

5 hours ago NAMEX Comments Off on China’s Geely posts 40% slump in first-half profit, sees uncertain demand outlook
SHANGHAI (Reuters) – China’s Geely Automobile Holdings Ltd (0175.HK) said on Wednesday first-half net profit skid 40% amid a sustained downturn in the world’s biggest auto market, and it forecast an uncertain outlook for vehicle demand for the rest of the year. FILE PHOTO: The logo of Chinese carmaker Geely Auto is pictured at the Read More

Alibaba postpones up to $15 billion Hong Kong listing amid protests: sources

5 hours ago NAMEX Comments Off on Alibaba postpones up to $15 billion Hong Kong listing amid protests: sources
HONG KONG/NEW YORK (Reuters) – China’s biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters. FILE PHOTO: A logo of Alibaba Group is seen at an exhibition during Read More

Indonesian Pertamina’s Sep gasoline imports seen rising to 10-11 mil barrels

6 hours ago NAMEX Comments Off on Indonesian Pertamina’s Sep gasoline imports seen rising to 10-11 mil barrels
Singapore — Indonesia’s Pertamina plans to import around 10 million-11 million barrels of gasoline for September, up sharply from its planned imports of 8 million barrels for August, due to scheduled maintenance at one of its refineries in the month, industry sources told S&P Global Platts this week. Not registered? Receive daily email alerts, subscriber Read More

Uber-rival Bolt enters European food delivery business

7 hours ago NAMEX Comments Off on Uber-rival Bolt enters European food delivery business
TALLINN (Reuters) – Estonia’s Bolt, a popular ride-sharing service in Eastern Europe and Africa, on Wednesday launched food delivery service in its home town of Tallinn, the nation’s capital, and said it plans to roll out Bolt Food this year in South Africa, Latvia and Lithuania as well. FILE PHOTO: A Bolt (formerly known as Read More