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Caterpillar cuts profit outlook as China construction sales slump

14 mins ago NAMEX Comments Off on Caterpillar cuts profit outlook as China construction sales slump
(Reuters) – Industrial bellwether Caterpillar Inc (CAT.N) reported a drop in sales in the United States and China in the third quarter, leading it to cut its outlook for the year and adding to evidence that the global economy is firmly on the decline. FILE PHOTO: Caterpillar logo is pictured at the ‘Bauma’ Trade Fair Read More

UPDATE 1-Talks with EU could be alternative to auto import tariffs, U.S.’s Ross tells FT

11 hours ago NAMEX Comments Off on UPDATE 1-Talks with EU could be alternative to auto import tariffs, U.S.’s Ross tells FT
FILE PHOTO: U.S. Commerce Secretary Wilbur Ross meets with Greek Prime Minister Kyriakos Mitsotakis (not pictured) at the Maximos Mansion in Athens, Greece September 5, 2019. REUTERS/Costas Baltas (Reuters) – New negotiations with the European Union could be an alternative to imposing tariffs on automotive imports next month, U.S. Commerce Secretary Wilbur Ross has suggested Read More

Wall Street slips after rejection of Brexit timetable

19 hours ago NAMEX Comments Off on Wall Street slips after rejection of Brexit timetable
NEW YORK (Reuters) – U.S. stocks ended lower on Tuesday, giving up early gains after British lawmakers rejected the government’s proposed timetable for passing legislation to ratify its deal to exit the European Union. A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October 22, 2019. REUTERS/Brendan Read More

US STOCKS-Mixed earnings, failed Brexit vote push down S&P 500

22 hours ago NAMEX Comments Off on US STOCKS-Mixed earnings, failed Brexit vote push down S&P 500
NEW YORK (Reuters) – The benchmark S&P 500 index gave up modest gains on Tuesday from earlier in the session after British lawmakers rejected the government’s proposed timetable for passing legislation to ratify its deal to exit the European Union. A trader works on the floor at the New York Stock Exchange (NYSE) in New Read More

S&P 500, Dow gain on upbeat earnings reports; Facebook pressures Nasdaq

1 day ago NAMEX Comments Off on S&P 500, Dow gain on upbeat earnings reports; Facebook pressures Nasdaq
(Reuters) – The S&P 500 and Dow Jones indexes rose on Tuesday, as upbeat earnings reports eased concerns over the fallout from the fragile U.S.-China trade relationship, but Facebook pressured Nasdaq after the company was hit with an expanded New York-led probe. A trader works on the floor at the New York Stock Exchange (NYSE) Read More

Newt Gingrich: The China threat is real — And THIS is the key to beating back its economic-military machine

1 day ago NAMEX Comments Off on Newt Gingrich: The China threat is real — And THIS is the key to beating back its economic-military machine
In the age of Huawei, the Belt and Road Initiative, and China’s state-sponsored companies, we need the United States Export-Import Bank more than ever. The EXIM Bank, an independent agency, provides government-backed financing for those looking to export goods and services from the United States. Since the 1930s, it has helped grow the U.S. economy and Read More

Oil steady on weak demand concerns despite U.S.-China trade optimism

2 days ago NAMEX Comments Off on Oil steady on weak demand concerns despite U.S.-China trade optimism
SEOUL (Reuters) – Oil prices were little changed Tuesday as lingering worries over a global economic slowdown that could hurt oil demand offset some signs of progress in U.S.-China trade talks. FILE PHOTO: Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. Read More

Oil prices edge up on U.S.-China trade optimism, but demand concerns cap

2 days ago NAMEX Comments Off on Oil prices edge up on U.S.-China trade optimism, but demand concerns cap
SEOUL (Reuters) – Oil prices steadied a little on Tuesday, supported by signs of progress in talks on resolving the U.S.-China trade dispute, but gains were contained by lingering anxiety a slowdown in the global economy could hurt crude demand. FILE PHOTO: Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in Read More

Asia tries to see light in trade talks, Brexit votes

2 days ago NAMEX Comments Off on Asia tries to see light in trade talks, Brexit votes
SYDNEY (Reuters) – Asian share markets edged ahead on Tuesday amid cheery chatter about the chance of a Sino-U.S. trade deal, while investors were sanguine yet another vote on Brexit would still avert a hard exit. FILE PHOTO: An investor sits in front of an electronic board showing stock information at a brokerage house in Read More

Turkey names banker US convicted of Iran sanctions-dodging as head of STOCK EXCHANGE

2 days ago NAMEX Comments Off on Turkey names banker US convicted of Iran sanctions-dodging as head of STOCK EXCHANGE
A Turkish banker convicted of helping Iran avoid US sanctions has been named head of the Turkish stock exchange in a defiant gesture to Washington as US President Donald Trump threatens Ankara with its own sanctions. Hakan Atilla has been appointed general manager of Borsa Istanbul, Turkish Finance Minister Berat Albayrak announced on Monday. Atilla, Read More