Trade tensions set for brighter U.S. corporate spotlight

Trade tensions set for brighter U.S. corporate spotlight

NEW YORK (Reuters) – The potential for an intensifying trade dispute to undercut the U.S. stock market could become clearer next week when a host of multinational companies reports quarterly results that may provide a glimpse into the impact of those global tensions. FILE PHOTO: Traders work on the floor of the New York Stock […]

An American ban puts China’s ZTE in peril

An American ban puts China’s ZTE in peril

TALK of restricting the use of Chinese telecoms equipment in the West is growing. This week the curbs went the other way, when America banned its companies from selling hardware and software for seven years to one of China’s state-owned tech champions, ZTE. On April 16th America’s Department of Commerce said that China’s second-largest telecoms […]

How Heineken beer survives in Congo

How Heineken beer survives in Congo

THE Bralima brewery in Kinshasa, the capital of the Democratic Republic of Congo (DRC), is an island of modernity in a city where chaos is the norm. Inside a building near the docks where barges begin the journey up the Congo river, conveyor belts rattle as thousands of glass bottles are washed and filled with […]

Tobacco and tech drag on Wall Street; yields boost banks

Tobacco and tech drag on Wall Street; yields boost banks

NEW YORK (Reuters) – Wall Street’s three major indexes closed lower on Thursday, with tobacco stocks leading a tumble in consumer staples while concerns about smartphone demand hurt the technology sector and rising bond yields and earnings helped financials rebound. The market pared some losses late in the session after Bloomberg reported that Deputy Attorney […]

Energy, transport stocks lift Wall Street, IBM drags

Energy, transport stocks lift Wall Street, IBM drags

NEW YORK (Reuters) – The S&P 500 eked out a small gain while the Dow declined after a volatile trading session on Wednesday, with weakness in sectors such as consumer staples and financials offsetting strong gains in the energy and industrial indexes. Higher oil prices boosted energy stocks while transport stocks such as CSX Corp […]

Goldman outpaces peers in debt underwriting, bond trading

Goldman outpaces peers in debt underwriting, bond trading

NEW YORK (Reuters) – Goldman Sachs Group Inc on Tuesday reported a year-on-year jump in debt underwriting revenue after working on financing for big M&A deals that some peers missed out on. The Goldman Sachs company logo is seen in the company’s space on the floor of the New York Stock Exchange, (NYSE) in New […]

U.S. bans American companies from selling to Chinese phone maker ZTE

U.S. bans American companies from selling to Chinese phone maker ZTE

LONDON/NEW YORK (Reuters) – The U.S. Department of Commerce has banned American companies from selling components to leading Chinese telecom equipment maker ZTE Corp for seven years for violating an agreement in a sanctions violation case, U.S. officials said on Monday. The U.S. action, first reported by Reuters reut.rs/2H3p0Vl, could be devastating to ZTE since American […]

Kinder Morgan’s attempt to build a pipeline reflects badly on Canada

Kinder Morgan’s attempt to build a pipeline reflects badly on Canada

ALMOST all Canada’s oil and gas is landlocked, so getting it to market requires pipelines—lots of them. But building them requires skills more suited to circus artists than engineers. They must walk the financial high wire, jump through ever-changing regulatory hoops and juggle conflicting demands from environmental groups and numerous governments. The list of failures […]

U.S. states eye protections for investors if federal regulation falters

U.S. states eye protections for investors if federal regulation falters

CHICAGO (Reuters) – Do you live in a fiduciary state? A specialist trader works at his post on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., March 22, 2018. REUTERS/Brendan McDermid The question could become important if the financial services industry wins its high-stakes legal and political battles to dismantle […]

Japanese e-commerce giant Rakuten struggles to retake the lead from Amazon

Japanese e-commerce giant Rakuten struggles to retake the lead from Amazon

RAKUTEN is a jack-of-all-trades. Since pioneering e-commerce in Japan in 1997, it has been a rare example of a highly entrepreneurial Japanese firm. Today it spans more than 70 businesses providing credit cards, a travel agency, a golf-reservation system, matchmaking, wedding planning and insurance. It owns Viber, a calling and messaging app and has invested […]

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