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Exclusive: U.S. set to give Huawei another 90 days to buy from American suppliers – sources

4 hours ago DieselGasoil Comments Off on Exclusive: U.S. set to give Huawei another 90 days to buy from American suppliers – sources
SINGAPORE/WASHINGTON (Reuters) – The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar with the situation said. FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport Read More

Exclusive: U.S. to extend Huawei’s partial reprieve on supply curbs – sources

5 hours ago DieselGasoil Comments Off on Exclusive: U.S. to extend Huawei’s partial reprieve on supply curbs – sources
SINGAPORE/WASHINGTON (Reuters) – The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, sources familiar with the situation said. FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Read More

Lower rates could boost housing stocks, but risks remain

10 hours ago DieselGasoil Comments Off on Lower rates could boost housing stocks, but risks remain
NEW YORK (Reuters) – Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook. After underperforming in 2018, the PHLX Housing Index .HGX is up about 30% Read More

Wall Street Week Ahead: Lower rates could boost housing stocks, but risks remain

16 hours ago DieselGasoil Comments Off on Wall Street Week Ahead: Lower rates could boost housing stocks, but risks remain
NEW YORK (Reuters) – Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More

Alibaba and the $15 billion question: Amid Hong Kong’s protests, when to list?

24 hours ago DieselGasoil Comments Off on Alibaba and the $15 billion question: Amid Hong Kong’s protests, when to list?
HONG KONG (Reuters) – Hong Kong’s political unrest is posing a dilemma for Alibaba Group Holding Ltd (BABA.N) on the timing of its planned $15 billion listing in the city, with sources saying China’s biggest e-commerce company is now considering several timetables. FILE PHOTO: A logo of Alibaba Group is seen at an exhibition during Read More

Invesco thrives in China as former executive Ross leads Trump’s trade war

24 hours ago DieselGasoil Comments Off on Invesco thrives in China as former executive Ross leads Trump’s trade war
BOSTON (Reuters) – The former investment company of U.S. Commerce Secretary Wilbur Ross has been flourishing in China, even as he marshals billions of dollars’ worth of punishing tariffs in America’s deepening trade war. FILE PHOTO: U.S. Commerce Secretary Wilbur Ross speaks during a 17th Latin American Leadership Forum in Brasilia, Brazil August 1, 2019. Read More

Weight of history: Chongqing Steel and China’s state sector dilemma

1 day ago DieselGasoil Comments Off on Weight of history: Chongqing Steel and China’s state sector dilemma
CHONGQING, China (Reuters) – A year and a half ago, Chongqing Iron and Steel Corp (CISC) (601005.SS)(1053.HK), China’s oldest steelmaker, was rescued from the brink of bankruptcy in a deal hailed as a shining example of how struggling state companies can be revamped. A worker walks past steel rolls at the Chongqing Iron and Steel Read More

Crude oil futures rise on robust US economic data, Trump comments

1 day ago DieselGasoil Comments Off on Crude oil futures rise on robust US economic data, Trump comments
Crude oil futures were higher during mid-morning trade in Asia Friday, as robust US economic data released Thursday night gave some respite to markets that were trading lower on fears of a looming global recession. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:45 am in Singapore (0245 Read More

Wall Street higher on strong retail sales data

2 days ago DieselGasoil Comments Off on Wall Street higher on strong retail sales data
(Reuters) – U.S. stocks tried to bounce back on Thursday from a steep selloff a day earlier, as strong retails sales data and upbeat Walmart earnings eased concerns of a recession, but mixed signals on trade and Cisco’s dismal forecast capped gains. Recession fears have gripped the market after the U.S. Treasury yield curve inverted Read More