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U.S. economy to coast, no big boost expected from trade deal: Reuters poll

The initial trade deal between Washington and Beijing is unlikely to provide a significant boost to the U.S. economy and will only reduce the downside risk or at best help activity moderately, a Reuters poll showed.



5 years ago

UK pay settlements slow in December, start 2020 cautiously: XpertHR

British employers offered their staff a median annual pay settlement of 2.2% in the three months to December, down from 2.6% in the three months to November, industry data showed on Thursday.



5 years ago

Finance wants competitiveness role for UK watchdogs after Brexit

Britain's regulators should have a formal role after Brexit to keep the financial sector globally competitive and less prone to "gold-plating" international norms, an industry think tank said on Thursday.



5 years ago

Australia's Westpac hires former Barclays chairman to tide over crisis

Australia's Westpac Banking Corp on Thursday named a former Barclays boss as chairman, entrusting veteran banker John McFarlane to help steer it through the fallout of a massive money-laundering scandal.



5 years ago

Oil falls for third day amid growing concern over China virus

Oil prices fell to their lowest in seven weeks on Thursday on concerns that the spread of a newly identified respiratory virus from China may lower fuel demand at the same time a report showed oil inventories in the United States rose last week.



5 years ago

Asian shares wilt, oil tumbles as China virus spreads

Asian shares and U.S. stocks fell on Thursday as investors remained anxious about the spread of a new flu-like virus in China just as millions prepared to travel for the Lunar New Year.



5 years ago

Yen firm over China virus concern; Aussie jumps on jobs data

The safe-haven Japanese yen was firm and the Chinese yuan fragile on Thursday as traders kept a wary eye on the spread of a virus in China, while the ailing Australian dollar jumped after a surprise drop in unemployment.



5 years ago

PG&E strikes deal with creditors over restructuring

Bankrupt California power producer PG&E Corp said on Wednesday it had reached a deal on its restructuring with creditors, who were pushing for a rival plan.



5 years ago

Amazon files motion to halt Microsoft's work on Pentagon's JEDI contract

Amazon.com Inc on Wednesday said it filed a motion to pause the U.S. Department of Defense and Microsoft Corp from carrying out an up to $10 billion cloud computing deal until a court rules on its protest of the contract award.



5 years ago

Exclusive: Malaysia to buy more sugar from India to help resolve palm oil spat - sources

Malaysia's top sugar refiner said it will increase purchases of the commodity from India, which according to two sources is part of efforts to placate New Delhi amid an ongoing spat over palm oil.



5 years ago

Boeing delays 777X plane's first test flight due to bad weather

Boeing Co said on Wednesday it was delaying 777X airplane's first test flight, which was scheduled to take place on Thursday, due to bad weather.



5 years ago

Oil slump deepens as China virus casts cloud over fuel demand, economy

Oil prices fell to their lowest in seven weeks on Thursday, sliding more than 1% on concern that the spread of a respiratory virus from China may lower fuel demand if it stunts economic growth in an echo of the SARS epidemic nearly 20 years ago.



5 years ago

Exclusive: Malaysia to buy more Indian sugar to resolve palm oil spat - sources

Malaysia's top sugar refiner said it will increase purchases of the commodity from India, which according to two sources is part of efforts to placate New Delhi amid an ongoing spat over palm oil imports.



5 years ago

Amazon asks court to pause Microsoft's work on Pentagon's JEDI contract

Amazon.com Inc said on Wednesday it filed a motion in court to pause the U.S. Department of Defense and Microsoft Corp from carrying out an up to $10 billion cloud computing deal until a court rules on its protest of the contract award.



5 years ago

Hyundai fourth-quarter profit beats view on brisk SUV sales, shares jump 5%

South Korea's Hyundai Motor Co reported a better than expected quarterly operating profit, helped by brisk sales of sport-utility vehicles such as its Tucson and Palisade models.



5 years ago