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Tencent weighing bid for holding company behind Korea's Nexon: sources

3 days ago DieselGasoil Comments Off on Tencent weighing bid for holding company behind Korea's Nexon: sources
HONG KONG/SEOUL (Reuters) – Chinese gaming titan Tencent Holdings Ltd is considering a bid for the holding company that controls South Korean gaming company Nexon, two sources with knowledge of the matter told Reuters. Logo of Tencent is displayed at a news conference in Hong Kong, China March 22, 2017. REUTERS/Tyrone Siu Tencent is looking Read More

Trump says deal 'could very well happen' with China

3 days ago DieselGasoil Comments Off on Trump says deal 'could very well happen' with China
WASHINGTON (Reuters) – U.S. President Donald Trump said on Saturday there has been progress toward a trade deal with China, but denied that he was considering lifting tariffs on Chinese imports. FILE PHOTO: Shipping containers are seen at a port in Shanghai, China July 10, 2018. REUTERS/Aly Song “Things are going very well with China Read More

Trump says a deal 'could very well happen' with China

3 days ago DieselGasoil Comments Off on Trump says a deal 'could very well happen' with China
U.S. President Donald Trump talks to the media, ahead of his departure to Dover, Delaware, on the South Lawn of the White House in Washington, U.S., January 19, 2019. REUTERS/Yuri Gripas WASHINGTON (Reuters) – U.S. President Donald Trump said on Saturday progress is being made toward a trade deal with China and denied that he Read More

Explainer: How U.S.-China talks differ from any other trade deal

3 days ago DieselGasoil Comments Off on Explainer: How U.S.-China talks differ from any other trade deal
WASHINGTON (Reuters) – The trade deal that U.S. negotiators are seeking with China may have more in common with a sanctions-monitoring regime than a traditional trade pact. FILE PHOTO: A woman walks past a bench painted in the colours of the U.S. flag outside a clothing store in Beijing, China January 7, 2019. REUTERS/Thomas Peter Read More

LJM Partners sues unnamed 'manipulators' it blames for volatility losses

3 days ago DieselGasoil Comments Off on LJM Partners sues unnamed 'manipulators' it blames for volatility losses
NEW YORK (Reuters) – LJM Partners Ltd on Friday filed a lawsuit against unnamed parties it holds responsible for hundreds of millions of dollars it lost after last year’s jump in stock market volatility that effectively put the fund manager out of business. LJM invested in complex derivatives that lost most of their value over Read More

Fed policymakers leave little doubt: Rate hikes can wait

3 days ago DieselGasoil Comments Off on Fed policymakers leave little doubt: Rate hikes can wait
SOMERSET, N.J./SAN FRANCISCO (Reuters) – “Patience” is the new mantra at the Federal Reserve, less than two weeks ahead of the U.S. central bank’s first policy meeting of the new year, as officials leave little doubt they want to stop raising interest rates – at least for a while. FILE PHOTO: John Williams poses for Read More

Wall Street extends rally on U.S.-China trade optimism

4 days ago DieselGasoil Comments Off on Wall Street extends rally on U.S.-China trade optimism
NEW YORK (Reuters) – U.S. stocks rallied on Friday, helping Wall Street’s major indexes advance for the fourth consecutive week, as increased hopes the United States and China would resolve their trade dispute lifted shares across sectors. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., Read More

Fueled by Western sanctions Russia outshines China to become world’s 5th biggest holder of gold

4 days ago DieselGasoil Comments Off on Fueled by Western sanctions Russia outshines China to become world’s 5th biggest holder of gold
The Central Bank of Russia reported purchasing 8.5 million troy ounces of gold in January-November 2018. With its 67.6 million ounces of gold Russia is now the world’s fifth largest holder behind the US, Germany, France and Italy. China dropped to sixth place as it reported an increase in gold reserves just once in more Read More

El Chapo 'escaped naked through tunnel under bath'

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El Chapo’s former mistress fled with the notorious Mexican drug lord – who was naked – through a tunnel under a bathtub, a court heard. Lucero Guadalupe Sanchez Lopez was testifying against Joaquin Guzman – known as El Chapo (shorty) – at a drug trafficking trial in New York. Sanchez, 29, a former local politician Read More

Wall Street, industrials rise on trade hopes

5 days ago DieselGasoil Comments Off on Wall Street, industrials rise on trade hopes
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 17, 2019. REUTERS/Brendan McDermid NEW YORK (Reuters) – U.S. stocks advanced on Thursday as hopes of an expedient resolution to the trade war between the United States and China boosted industrial shares and lifted investor sentiment. The Dow Read More