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Kraft Heinz' problems shine light on controversial budget tool

18 hours ago DieselGasoil Comments Off on Kraft Heinz' problems shine light on controversial budget tool
LONDON/BOCA RATON, Fla. (Reuters) – Mounting troubles at Kraft Heinz, revealed late on Thursday with a triple-punch of bad news, call into question its reliance on cost-cutting as a way to generate profit growth. FILE PHOTO: Heinz tomato Ketchup is show on display during a preview of a new Walmart Super Center prior to its Read More

Fed says U.S. economy ended 2018 with solid but weakening growth

20 hours ago DieselGasoil Comments Off on Fed says U.S. economy ended 2018 with solid but weakening growth
WASHINGTON, Feb 22 (Reuters) – The U.S. economy maintained “solid” growth through the second half of 2018, likely expanding “just under” 3 percent for the year, though consumer and business spending had begun to weaken, the Federal Reserve said on Friday in its semi-annual monetary policy report to Congress. FILE PHOTO: Flags fly over the Read More

China rebound drives Asian shares higher

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SHANGHAI (Reuters) – Shares in Asia recouped early losses on Friday, buoyed by strong gains in China as signs of progress in trade talks with the United States offset worries about a deteriorating global economic outlook. A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing, Read More

A Fed pivot, born of volatility, missteps, and new economic reality

1 day ago DieselGasoil Comments Off on A Fed pivot, born of volatility, missteps, and new economic reality
WASHINGTON (Reuters) – The Federal Reserve’s promise in January to be “patient” about further interest rate hikes, putting a three-year-old process of policy tightening on hold, calmed markets after weeks of turmoil that wiped out trillions of dollars of household wealth. FILE PHOTO: A screen displays the headlines that the U.S. Federal Reserve raised interest Read More

Puma goes up-market to join forces with Porsche Design

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A pair of shoes is displayed as sports retailer Puma launches their first sportswear collection in collaboration with Porsche Design in Berlin, Germany February 21, 2019. REUTERS/Annegret Hilse (This February 21 story refiles to give full name of Porsche Design in headline.) BERLIN (Reuters) – Sportswear firm Puma is launching a joint collection with Porsche Read More

Huawei plan to fix British security fears due in H1 this year: executive

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LONDON (Reuters) – Huawei will present a plan to address British security concerns about its equipment by the end of the first half of this year, a senior company executive said on Thursday, following criticism the Chinese firm has not moved fast enough to fix the issues. FILE PHOTO: Ryan Ding, the chief of Huawei’s Read More

Asia shares fall as weakening global outlook offsets trade progress

1 day ago DieselGasoil Comments Off on Asia shares fall as weakening global outlook offsets trade progress
SHANGHAI (Reuters) – Shares in Asia slipped on Friday as a deteriorating global economic outlook outweighed further signs of progress in trade talks between China and the United States. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February 6, 2018. REUTERS/Toru Hanai/File Photo After inching higher Read More

Apple teams with Ant Financial, banks for interest-free iPhone financing in China

1 day ago DieselGasoil Comments Off on Apple teams with Ant Financial, banks for interest-free iPhone financing in China
SHANGHAI (Reuters) – Apple Inc has teamed up with Chinese payments giant Ant Financial Services Group and several local banks to offer interest-free financing, its first such move in the country as it looks to boost waning smartphone sales. FILE PHOTO: A new iPhone X is sold at an Apple Store in Beijing, China November Read More

Asian shares tread water as investors watch trade talks

2 days ago DieselGasoil Comments Off on Asian shares tread water as investors watch trade talks
SHANGHAI (Reuters) – Shares in Asia were flat in early trade on Friday following a fall on Wall Street, with a deteriorating global economic outlook outweighing more signs of progress in trade talks between China and the United States. Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Read More

Wall St. breaks run of gains as economic data disappoints

2 days ago DieselGasoil Comments Off on Wall St. breaks run of gains as economic data disappoints
NEW YORK (Reuters) – Weak economic reports pressured U.S. stocks on Thursday after the market’s recent run of gains, and a drop in healthcare shares added to the bearish momentum. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. REUTERS/Brendan McDermid/File Photo The Commerce Department Read More