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- Oil steadies, but concern over spreading China virus weighs
Thu, 23 Jan 2020 21:32:14 -0500
Oil prices were steady on Friday, but on track for a fall of up to 5% for the week on growing concern that fuel demand will weaken as the spread of a respiratory virus from China that has killed 25 so far dents travel and darkens the economic outlook.
- U.S. extradition battle over Huawei's Meng ends first phase but Canada court fight continues
Thu, 23 Jan 2020 21:13:50 -0500
The first phase of battle over whether Huawei Chief Financial Officer Meng Wanzhou should be extradited to the United States wrapped up on Thursday after four days, with lawyers for Meng challenging prosecution claims that her alleged actions are a crime in Canada.
- Insys founder Kapoor sentenced to 66 months in prison for opioid scheme
Thu, 23 Jan 2020 21:13:43 -0500
John Kapoor, the founder of Insys Therapeutics Inc, on Thursday was sentenced to 66 months in prison for his role in a bribery and fraud scheme that contributed to the U.S. opioid crisis.
- Global stocks steady as caution on China virus continues; euro hits seven-week low after ECB
Thu, 23 Jan 2020 21:05:38 -0500
Stocks made a barely positive start in early Asian trade on Friday after the world's health body called it a little too early to declare a coronavirus outbreak a global emergency.
- Exclusive: Trump to sign USMCA trade deal Wednesday at the White House - source
Thu, 23 Jan 2020 20:51:16 -0500
U.S. President Donald Trump will sign a trade pact between the United States, Mexico and Canada on Wednesday during a ceremony at the White House, an administration official told Reuters on Thursday.
- Euro near seven-week low after ECB; virus fears support yen
Thu, 23 Jan 2020 20:31:53 -0500
The euro hovered near a seven-week low against the dollar on Friday after the European Central Bank was seen as more dovish than expected, while anxiety over China's coronavirus outbreak propped up the safe-haven yen.
- U.S. to unveil crackdown on counterfeit, pirated e-commerce goods
Thu, 23 Jan 2020 20:26:33 -0500
The Trump administration plans to unveil efforts on Friday to crack down on counterfeit and pirated goods sold on major e-commerce sites and urge companies to do more to vet third-party sellers and increase self-policing efforts.
- Westpac economists now see RBA delaying rate cut to April
Thu, 23 Jan 2020 19:21:18 -0500
Analysts at Westpac Banking Corp now expect the Reserve Bank of Australia (RBA) will cut interest rates in April, rather than February, following a second month of surprisingly upbeat jobs data.
- Intel signals 2020 will be a turnaround year for chip industry leader
Thu, 23 Jan 2020 19:16:58 -0500
Intel Corp on Thursday cemented the market view that the chip industry is turning around after a prolonged slowdown, forecasting better 2020 revenue and profit than Wall Street anticipated, driven by cloud computing demand.
- Trump announces adjustments to tariff quotas for washing machines
Thu, 23 Jan 2020 19:09:11 -0500
U.S. President Donald Trump announced on Thursday that tariff quotas on washing machines would be allocated on a quarterly rather than an annual basis, saying that domestic producers had begun to do better in the face of foreign competitors but more was left to be done.
- Boeing reschedules 777X plane's first test flight for Friday
Thu, 23 Jan 2020 18:39:28 -0500
Boeing Co said its 777X aircraft's first test flight would take place on Friday after bad weather delayed its scheduled takeoff on Thursday.
- U.S. bank regulator charges ex-Wells Fargo executives for role in sales scandal
Thu, 23 Jan 2020 18:23:05 -0500
Wells Fargo & Co's U.S. regulator on Thursday announced it had banned former Chief Executive John Stumpf from the banking industry and charged him and seven other former executives combined more than $58 million in civil penalties for their roles in the bank's multi-year sales practices scandal.
- S&P 500 gains, Nasdaq hits new high as investors eye earnings, coronavirus
Thu, 23 Jan 2020 17:54:24 -0500
The S&P 500 ended slightly higher and the Nasdaq eked out a record closing high on Thursday, helped by a jump in Netflix, while news about the coronavirus outbreak spreading from China and mixed earnings results kept a lid on the market.
- Jeep, Suzuki models found to have broken EU emissions rules
Thu, 23 Jan 2020 17:53:12 -0500
Fiat Chrysler's Jeep Grand Cherokee and Suzuki's Vitara diesel models both break emissions rules and must be fixed or face a ban on sales across Europe, the Dutch road authority ruled on Thursday.
- JPMorgan board raises CEO Dimon's pay to $31.5 million
Thu, 23 Jan 2020 17:51:58 -0500
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon got a half-million-dollar raise for 2019, bringing his total compensation for the year to $31.5 million, the company said in a filing on Thursday.
- Exclusive: Guyana opening search for oil firm to trade its crude - official
Thu, 23 Jan 2020 17:27:50 -0500
Guyana's government next month plans to begin a search for an oil company or trading firm to market its share of the South American country's crude, the director of the Department of Energy, Mark Bynoe, said in an interview.
- Italy tax police search offices of Eni managers in obstruction probe: sources
Thu, 23 Jan 2020 17:12:09 -0500
Italian tax police searched the Milan offices of three managers at Eni on Thursday to widen an investigation into suspected obstruction of justice by officials at the Italian oil group, two sources said.
- Airlines scour the world for scarce 737 MAX simulators
Thu, 23 Jan 2020 16:52:48 -0500
(This January 21 story corrects reference to Copa being the only Latin American airline with a 737 MAX simulator, clarifies 245 refers to 737 MAX pilots not total pilots in paragraph 20)
- Broadcom to supply wireless components to Apple
Thu, 23 Jan 2020 16:42:30 -0500
Chipmaker Broadcom Inc said on Thursday it has entered into two multi-year agreements with Apple Inc for the supply of wireless components used in its products.
- Coronavirus fears weigh on global equity markets
Thu, 23 Jan 2020 16:24:03 -0500
The biggest tumble in Chinese stocks in more than eight months led global equity markets lower on Thursday as concern mounted about the coronavirus outbreak in China.