Investors in British stocks turned their focus from political to company developments on Thursday as results from software firm Sage, Primark owner ABF, and bookmaker GVC triggered big moves and weak house sales data dented shares in housebuilders. The FTSE 100 <.FTSE> was down 0.4 percent by 0825 GMT, extending Wednesday’s fall, while the mid-cap […] Read more
China and the United States have made plans for face-to-face consultations over trade in January, the Chinese commerce ministry said on Thursday, as the world’s two biggest economies advanced efforts to resolve a months-long trade war. Consultations through “intensive” telephone calls will continue in the meantime, Gao Feng, spokesman at the commerce ministry, told reporters, […] Read more
European shares rose cautiously at the open with gains in the banking and the pharmaceutical sectors lifting the market amid speculation the U.S. Federal Reserve will take a dovish stance towards monetary policy at a meeting later on Wednesday. The pan-European STOXX 600 <.STOXX> index was up 0.3 percent by 0825 GMT after four straight […] Read more
Stocks extended their slump in early Asian trade on Monday, with U.S. equity futures off to a softer start for the week as worries over U.S.-China trade tensions battered investor sentiment. S&P futures were down 0.6 percent and the Dow futures lost 0.7 percent, while Australian stocks <.AXJO> declined 0.9 percent. White House trade adviser […] Read more
Bitcoin’s value has plunged by three-quarters this year, sending the original and biggest cryptocurrency back to levels not seen before its bubble. And price isn’t the only aspect of trading that has changed. The retail investors behind bitcoin’s dizzying ascent to a record of nearly $20,000 last December have fled, leaving the early adopters and […] Read more
Companies have complained that such advisers have too much influence on shareholder votes By Gabriel T. Rubin Securities regulators will consider a series of changes to curb the impact of consultants who advise on shareholder votes at public companies, Securities and Exchange Commission Chairman Jay Clayton said Thursday, responding to business groups who have argued they […] Read more
European shares fell back on Friday as weak data from China rekindled anxiety over slowing growth and investors fretted ahead of Saturday’s crucial G20 talks between U.S. President Trump and China’s Xi Jinping over trade. The pan-European STOXX 600 opened marginally up but rapidly fell into the negative, down 0.3 percent by 0825 GMT. Germany’s […] Read more
By Elise Young New Jersey moved closer to becoming the 11th U.S. state to legalize recreational marijuana use after legislative committees approved bills to end the prohibition and wipe out the criminal records of some drug offenders. The action puts the bills on track for all-but-certain passage by the Assembly and Senate on Dec. 17. While […] Read more
European shares resumed their downwards trend on Thursday, hit by some disappointing earning updates including from UK utility Centrica and a fall in Italian banks on continued uncertainty over the outlook for the country’s finances. At 0818 GMT, STOXX 600 fell 0.5 percent, with most sectors trading in the red following broad-based gains in the […] Read more
Consumer spending in advanced economies seems to be on the upswing, buoyed by healthy economic activity and improved labor markets. However, rising tariffs and slow real-wage growth could play spoilsport. Consumers in advanced economies appear to be back with a bang. In the United States, personal consumption expenditure grew 4.0 percent (at a seasonally adjusted […] Read more