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German government unlikely to make quick decision on Huawei: source

3 hours ago DieselGasoil Comments Off on German government unlikely to make quick decision on Huawei: source
FILE PHOTO: The Huawei logo is pictured outside their research facility in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie/File Photo BERLIN (Reuters) – The German government will probably not take a quick decision on whether to allow China’s Huawei to build Germany’s 5G network, a government source said on Tuesday. “There will probably not Read More

Citi to double Brazil commercial bank unit's assets by 2020

23 hours ago DieselGasoil Comments Off on Citi to double Brazil commercial bank unit's assets by 2020
FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo SAO PAULO (Reuters) – Citigroup Inc plans to double its Brazilian commercial banking unit’s assets by 2020, thanks to growth in loans to mid-sized companies, department head Antonio Rubens Read More

Fed policymakers see one U.S. rate hike, or none, as growth slows

4 days ago DieselGasoil Comments Off on Fed policymakers see one U.S. rate hike, or none, as growth slows
BIRMINGHAM, Ala./SAN FRANCISCO (Reuters) – When the Federal Reserve last month adopted a new “patient” approach to monetary policy, it gave no specific guidance about how long its policy pause would last, or how many more interest-rate increases, if any, were in the offing. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, Read More

After strong 2019 start for U.S. stocks, trade verdict looms

4 days ago DieselGasoil Comments Off on After strong 2019 start for U.S. stocks, trade verdict looms
NEW YORK (Reuters) – Optimism about a U.S.-China trade agreement has helped drive U.S. stocks to more than two-month highs, creating a make-or-break moment for Wall Street as a year-long clash between the world’s two largest economies comes to a head. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) Read More

U.S.-China trade talks to resume next week, Trump hints at extension

4 days ago DieselGasoil Comments Off on U.S.-China trade talks to resume next week, Trump hints at extension
BEIJING/WASHINGTON (Reuters) – The United States and China will resume trade talks next week in Washington with time running short to ease their bruising trade war, but U.S. President Donald Trump repeated on Friday that he may extend a March 1 deadline for a deal and keep tariffs on Chinese goods from rising. Both the Read More

TSX opens higher as rising oil prices lift energy shares

4 days ago DieselGasoil Comments Off on TSX opens higher as rising oil prices lift energy shares
FILE PHOTO: The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren (Reuters) – Canada’s main stock index rose at the open on Friday, as energy stocks climbed on the back of higher oil prices, with upbeat earnings from Enbridge Read More

Lyft to woo investors with fast U.S. growth in IPO race with Uber

4 days ago DieselGasoil Comments Off on Lyft to woo investors with fast U.S. growth in IPO race with Uber
SAN FRANCISCO/NEW YORK (Reuters) – Lyft Inc will pitch investors on its fast growth in the United States as it seeks to beat out Uber Technologies Inc to become the first publicly listed ride-hailing company, according to people familiar with the matter. An illuminated sign appears in a Lyft ride-hailing car in Los Angeles, California, Read More

Seizing on Huawei's troubles, Samsung bets big on network gear

4 days ago DieselGasoil Comments Off on Seizing on Huawei's troubles, Samsung bets big on network gear
SEOUL (Reuters) – Samsung Electronics is pouring resources into its telecom network equipment business, aiming to capitalize on the security fears hobbling China’s Huawei, according to company officials and other industry executives. The logo of Samsung Electronics is seen at its office building in Seoul, South Korea January 7, 2019. REUTERS/Kim Hong-Ji Those efforts include Read More

Explainer: What's at stake in U.S.-China trade talks

5 days ago DieselGasoil Comments Off on Explainer: What's at stake in U.S.-China trade talks
WASHINGTON (Reuters) – U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin are in Beijing this week as Chinese and American negotiators try to hammer out a trade deal to ease a trade war and avert an increase in U.S. tariffs on Chinese goods scheduled for March 2. U.S. Trade Representative Robert Lighthizer, Read More

Trump: China trade talks going 'very well' before high-level parley

6 days ago DieselGasoil Comments Off on Trump: China trade talks going 'very well' before high-level parley
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump said on Wednesday trade talks with China were “going along very well” as the world’s two largest economies try to resolve their seven-month tariff war ahead of a March 1 deadline for a deal. FILE PHOTO: U.S. President Donald Trump speaks next to Commerce Secretary Wilbur Ross during Read More