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U.S. House passes new North American trade deal, Senate timing unclear

The U.S. House of Representatives overwhelmingly approved a new North American trade deal on Thursday that includes tougher labor and automotive content rules but leaves $1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged.



5 years ago

Oil hovers near three-month highs on trade deal progress; set for third weekly rise

Oil prices held steady near three-month highs on Friday, heading for a third consecutive weekly rise, on the back of easing Sino-U.S. trade tensions that have weighed on demand as well as the global economic growth outlook.



5 years ago

Australia's Westpac names two members of money laundering review panel

Australia's second-largest lender Westpac Banking Corp on Friday appointed two people to a panel which will assess the bank's accountability in a money laundering scandal.



5 years ago

Volkswagen takes one-two punch in Australia with fine, regulatory proceedings

Volkswagen AG took two raps in Australia on Friday as a federal court upheld a fine on the German car maker as part of a global diesel emissions cheating scandal and a regulator started penalty proceedings against one of its financial units.



5 years ago

Asian shares retreat from highs, markets take Trump impeachment in stride

Asian shares pulled back from a one-and-a-half year peak on Thursday as investors took some money off the table ahead of holiday trade and looked to fresh data on the state of the global economy.



5 years ago

China announces new tariff exclusions for some U.S. imports

China's finance ministry published on Thursday a new list of six products from the United States that will be exempt from tariffs starting Dec. 26.



5 years ago

Exclusive: India's NTPC snubs foreign emissions tech, shuts out GE, others from $2 billion orders

Top Indian electricity generator NTPC has rejected the emissions-cutting technology of GE and other foreign firms for its coal-fired plants, documents show, shutting them out of an estimated $2 billion in orders.



5 years ago

Oil prices surf U.S.-China trade thaw to three-month highs

Oil prices remained atop three-month peaks on Thursday, extending a robust streak that began a week ago, as thawing trade relations between the United States and China supported global markets.



5 years ago

Philippines' Cebu Air orders 15 A320neo jets, pushing Airbus toward sales milestone

Philippines' Cebu Air Inc said on Thursday it had ordered 15 Airbus SE A320neo family jets worth $2 billion at list prices, keeping the European manufacturer on track to reach a year-end sales milestone.



5 years ago

Italian PM welcomes Fiat Chrysler merger with PSA, says jobs crucial

Italian Prime Minister Giuseppe Conte welcomed the planned merger of Fiat Chrysler with its French rival PSA in an newspaper interview on Thursday, but said protecting jobs would be a top priority.



5 years ago

Dollar unhurt by Trump impeachment; Swedish crown gains

The dollar was down 0.1% in early London trading on Thursday, little changed by U.S. President Donald Trump's impeachment, while the Swedish crown edged higher when the Riksbank became the first central bank to exit negative rates territory.



5 years ago

China says in touch with U.S. on signing of Phase 1 trade deal

China and the United States are in touch over the signing of their Phase 1 trade deal, China's commerce ministry said, which will see lower U.S. tariffs on Chinese goods and higher Chinese purchases of U.S. farm, energy and manufactured goods.



5 years ago

Norwegian Air hoping to agree Boeing 737 MAX compensation this year

Norwegian Air hopes to agree compensation from Boeing by year-end over the grounding of the 737 MAX, the airline's acting CEO said, as it counts the costs of having 18 of the aircraft grounded since March.



5 years ago

SoftBank's Yahoo Japan exits Oyo's Japan apartment venture

SoftBank-controlled Yahoo Japan has pulled out of a Japanese apartment rental venture with Oyo Hotels and Homes, in the latest setback for the loss-making Indian startup.



5 years ago

Exclusive: BP's incoming CEO won't initially take up Rosneft board seat - company sources

Incoming Chief Executive Bernard Looney will not take up either of BP's seats on the board of Rosneft when he takes over in February because of the complexity of the relationship with the Russian oil giant, five company sources said.



5 years ago