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After China trade deal, Europe and U.K. next on Trump's to-do list

U.S. President Donald Trump vowed to rip up international trade deals and rebalance America's global trade relationships.



5 years ago

Kinder Morgan profit, cash flow rise on Gulf Coast Express pipeline strength

U.S. pipeline operator Kinder Morgan Inc reported a 26% rise in quarterly profit on Wednesday, benefiting from higher gas takeaway from Permian Basin through its Gulf Coast Express pipeline.



5 years ago

U.S., Canadian oil company bankruptcies surge 50% in 2019: report

The number of oil and gas company bankruptcies in the United States and Canada rose 50% in 2019 over the previous year, and is likely to increase as a slide in energy prices continues to shake producers Dallas law firm Haynes and Boone said in a report released on Wednesday.



5 years ago

Both Biden and Sanders want to boost Social Security benefits. So why are they fighting on the issue?

The platforms of the Democratic presidential contenders almost unanimously call for Social Security benefit hikes. Yet two leading candidates are at odds over whose intentions are more genuine. Meanwhile, new comments from President Trump prompted concerns that he could introduce cuts. Here's a look at what where the candidates really stand.

5 years ago

Australia's Westpac hires veteran banker McFarlane as chairman to tide over crisis

Westpac Banking Corp on Thursday named banking veteran John McFarlane as chairman, entrusting the former Australia and New Zealand Banking Group boss to help steer it through the fallout of a massive money-laundering scandal.



5 years ago

Commonwealth Bank of Australia's pension arm hit with another class-action lawsuit

Commonwealth Bank of Australia said on Thursday a class-action lawsuit was filed against its pension arm, Colonial First State, for allegedly not acting in customers interest for insurance policies.



5 years ago

Canadian judge approves C$196.5 mln Volkswagen fine for diesel emissions

A judge in Canada approved a C$196.5 million ($149.7 million) fine against Volkswagen AG on Wednesday after the company pleaded guilty to dozens of counts of diesel emissions violations.



5 years ago

Boeing CEO expects to resume 737 MAX production before mid-year

Boeing Chief Executive Dave Calhoun told reporters on Wednesday the U.S. planemaker expects to resume 737 MAX production months before its forecasted mid-year return to service and said it did not plan to suspend or cut its dividend.



5 years ago

Boeing's new CEO orders rethink on key jetliner project

Boeing Co's new chief executive has sent the aerospace giant back to the drawing board on proposals for a new mid-market aircraft, effectively shelving in their current form plans worth $15 billion-$20 billion that had been overtaken by the 737 MAX crisis.



5 years ago

Ford expects $2.2 billion pre-tax hit related to pension plans in fourth quarter

Ford Motor Co said on Wednesday its fourth quarter results will be hit by a pre-tax loss of about $2.2 billion due to higher contributions to its employees pension plans.



5 years ago

Cathay to let crew wear masks on all flights due to new coronavirus

Hong Kong's Cathay Pacific Airways Ltd will allow all crew members and frontline employees to wear surgical masks due to concerns over a new coronavirus, and said passengers to and from Wuhan, China, could change or cancel flights for free through March 31.



5 years ago

Tech sector pushes the S&P 500 to slight gain

Technology shares led the S&P 500 marginally higher on Wednesday, as a healthy forecast from IBM helped mitigate worries over the developing coronavirus outbreak.



5 years ago

Stocks edge up, oil drops as China virus worries abate

World stock markets gained back some ground on Wednesday as investors took heart from measures to curb the spread of a flu-like virus from China, while oil prices tumbled on a forecast for a market surplus.



5 years ago

ECB to launch review that will redefine its mission and tools

European Central Bank President Christine Lagarde is set to launch a broad review of its policy on Thursday that is likely to see her redefine the ECB's main goal and how to achieve it.



5 years ago

Toyota union to seek smaller pay rise in 2020 vs last year: NHK

Toyota Motor Corp's labour union plans to seek an average pay rise of 10,100 yen ($91.98) per month in wage negotiations this year, public broadcaster NHK reported on Thursday, 600 yen less than the increase granted last year.



5 years ago