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FILE PHOTO: Participants attend the official ceremony marking the debut of Saudi Aramco’s initial public offering (IPO) on the Riyadh’s stock market, in Riyadh, Saudi Arabia, December 11, 2019. REUTERS/Ahmed Yosri DUBAI (Reuters) – Saudi Aramco (2222.SE) shares gained for a third consecutive day on Sunday, rising 1.63% to 37.4 Saudi riyal ($9.97), pushing the […]

LONDON (Reuters) – Tens of trillions of global investment dollars are pouring into companies touting robust environmental, social and governance credentials. Now short-sellers spy an opportunity. FILE PHOTO: Carson Block, Chief Investment Officer, Muddy Waters Capital LLC., speaks at the Sohn Investment Conference in New York City, U.S. May 4, 2016. REUTERS/Brendan McDermid/File Photo Such […]

BEIJING/HONG KONG/FRANKFURT (Reuters) – Daimler’s (DAIGn.DE) main China joint venture partner BAIC Group has set in motion a plan to double its stake to around 10% and win a board seat in the German luxury car maker, as it aims to upstage rival Geely, two sources told Reuters. FILE PHOTO: A visitor looks at the […]

FILE PHOTO: Participants attend the official ceremony marking the debut of Saudi Aramco’s initial public offering (IPO) on the Riyadh’s stock market, in Riyadh, Saudi Arabia, December 11, 2019. REUTERS/Ahmed Yosri DUBAI (Reuters) – Saudi Aramco (2222.SE) shares were up 1% at 37.2 riyals ($9.89) in early trade on Sunday. The state-owned oil company listed […]

FILE PHOTO: Participants attend the official ceremony marking the debut of Saudi Aramco’s initial public offering (IPO) on the Riyadh’s stock market, in Riyadh, Saudi Arabia, December 11, 2019. REUTERS/Ahmed Yosri DUBAI (Reuters) – Saudi Aramco’s (2222.SE) shares went up slightly to 37 Saudi riyals ($9.87) in a pre-market auction on Sunday, Refinitiv data showed, […]

FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China August 6, 2019. REUTERS/Aly Song SHANGHAI (Reuters) – China has suspended the planned additional tariffs on some U.S. goods that were meant to be implemented on Dec. 15, the State Council’s customs tariff commission said on Sunday, after the two countries […]

MEXICO CITY (Reuters) – Mexico’s deputy foreign minister, Jesus Seade, said on Saturday he sent a letter to the top U.S. trade official expressing surprise and concern over a labor enforcement provision proposed by a U.S. congressional committee in the new North American trade deal. FILE PHOTO: Mexico’s Deputy Foreign Minister for North America, Jesus […]

DOHA (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday a “phase one” trade deal between the United States and China was “very good” for global economic growth, and added that the second phase could come in several steps. FILE PHOTO: U.S. Treasury Secretary Steve Mnuchin speaks about sanctions against Turkey at a news […]

VIENNA (Reuters) – A Swatch (UHR.S) unit that supplies parts to much of the watch market faces a possible sales ban next year by Switzerland’s Competition Commission (Weka), newspaper Schweiz am Wochenende reported on Saturday. FILE PHOTO: Swatch models are displayed at the company’s headquarters in Biel, Switzerland, Oct. 3, 2019. REUTERS/Denis Balibouse/File Photo A […]

DOHA (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday a “phase one” trade deal between the United States and China was “very good” for global economic growth, and added that the second phase could come in several steps. FILE PHOTO: U.S. Treasury Secretary Steve Mnuchin speaks about sanctions against Turkey at a news […]

Chinese Foreign Minister Wang Yi delivers a speech at an annual symposium on international situation and China’s diplomacy in Beijing, China December 13, 2019. REUTERS/Jason Lee LJUBLJANA (Reuters) – China and the United States’ “phase one” trade agreement is good news for all and will “provide stability in global trade”, the Chinese government’s top diplomat […]

FILE PHOTO: SEAT President and CEO Luca de Meo poses during an interview at the SEAT car factory in Martorell, near Barcelona, Spain October 31, 2018. Picture taken October 31, 2018. REUTERS/Albert Gea/File Photo MADRID (Reuters) – French carmaker Renault (RENA.PA) has offered the chairman of Volkswagen’s (VOWG.DE) SEAT brand, Luca de Meo, the job […]

BEIJING (Reuters) – China plans to set a lower economic growth target of around 6% in 2020 from this year’s 6-6.5%, relying on increased state infrastructure spending to ward off a sharper slowdown, policy sources said. FILE PHOTO: Workers are seen on scaffolding at a construction site in Nantong, Jiangsu province, China January 1, 2019. […]

FILE PHOTO: A general view of the Department of Justice building is seen in Washington, U.S., April 18, 2019. REUTERS/Amr Alfiky (Reuters) – The U.S. Justice Department is preparing to take legal action against Live Nation Entertainment (LYV.N) on allegations the concert promoter has sought to strong-arm concert venues into using its dominant Ticketmaster subsidiary, […]

FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China August 6, 2019. REUTERS/Aly Song WASHINGTON (Reuters) – The U.S. Trade Representative’s office on Friday filed a Federal Register notice suspending the 15% U.S. tariffs slated to go into effect on Sunday on Chinese goods worth about $160 billion after reaching […]

FILE PHOTO: The logo of Ant Financial Services Group, Alibaba’s financial affiliate, is pictured at its headquarters in Hangzhou, Zhejiang province, China January 24, 2018. REUTERS/Shu Zhang SHANGHAI (Reuters) – Chinese fintech company Ant Financial Services [ANTFIN.UL] and U.S. asset management firm The Vanguard Group have established a joint venture to provide retail investment advisory […]

SAN FRANCISCO (Reuters) – U.S. President Donald Trump’s limited trade deal with China removes a major hurdle for Apple (AAPL.O) and other technology stocks that have already surged this year to record highs. The so-called Phase One deal announced, but still not signed, on Friday suspends the planned imposition of new 15% tariffs on Sunday […]

FILE PHOTO: California governor Gavin Newsom speaks at a news conference in San Diego, California, U.S. October 9, 2019. REUTERS/ Mike Blake (Reuters) – California Governor Gavin Newsom on Friday rejected the bankruptcy reorganization plan submitted by PG&E Corp (PCG.N), the state’s largest investor-owned utility, saying the proposal fails to comply with a recently enacted […]

(Reuters) – Saks Fifth Avenue owner Hudson’s Bay Co (HBC.TO) has fallen short of securing enough shareholder support for a C$1.9 billion($1.4 billion) deal to take the department store operator private, people familiar with the matter said on Friday. FILE PHOTO: A pedestrian walks past a Hudson’s Bay company sign at the retailer’s flagship Toronto […]

FILE PHOTO: A man exits a Hudson’s Bay department store in Toronto, Ontario, Canada June 6, 2016. REUTERS/Chris Helgren/File Photo (Reuters) – Canadian financial regulator the Ontario Securities Commission said on Friday it has dismissed a request by Catalyst for a cease trade order relating to proposed take-private deal of Hudson’s Bay (HBC.TO). The hearing […]

WASHINGTON/BEIJING (Reuters) – The United States and China cooled their trade war on Friday, announcing a “Phase one” agreement that reduces some U.S. tariffs in exchange for what U.S. officials said would be a big jump in Chinese purchases of American farm products and other goods. Beijing has agreed to import at least $200 billion […]