Business News
WTO finds Airbus still receives some EU subsidies – sources
The World Trade Organization has found that the European Union has failed to withdraw all subsidies to planemaker Airbus , three people familiar with the matter said.
Month: December 2019
Trading Ideas
WTO finds Airbus still receives some EU subsidies – sources
PARIS/BRUSSELS (Reuters) – The World Trade Organization has found that the European Union has failed to withdraw all subsidies to planemaker Airbus , three people familiar with the matter said. A new compliance report expected to be published as soon as Monday has found that the Airbus A350 jetliner continues to be subsidized as a result of earlier government loans, they said. Neither the WTO nor the parties in the 15-year-old trade case, which involves mutual claims of billions of dollars of subsidies to both planemakers, had any immediate comment. …read more […]
Business News
Oil jumps above $61 on talk of further OPEC+ supply curbs
Oil jumped above $61 a barrel on Monday, supported by hints that OPEC and its allies may agree to deepen output cuts at a meeting this week and as rising manufacturing activity in China suggested stronger demand.
Business News
Hong Kong Airlines told to improve finances or risk losing license
Hong Kong Airlines, controlled by cash-strapped Chinese conglomerate HNA Group, must shore up its financial position by Dec. 7 or risk the suspension or loss of its license, a Hong Kong air transport regulator said on Monday.
Business News
Euro zone factory activity shrank in November but worst may be over: PMI
Euro zone manufacturing activity contracted for a 10th straight month in November although the bloc’s battered factories may have turned a corner as forward-looking indicators in Monday’s survey appear to have passed a nadir.
Business News
China’s facial recognition rollout reaches into mobile phones, shops and homes
China on Sunday put into effect new regulations that require Chinese telecom carriers to scan the faces of users registering new mobile phone services, a move the government says is aimed at cracking down on fraud.
Business News
Stocks rally on Chinese data boost, cautious trade optimism
Stock markets rebounded on Monday as decent manufacturing data in China and renewed optimism over a trade deal eroded some of the jitters which emerged among investors last week.
Business News
China picks new leaders for Macau, replaces economy chief
China has appointed a slate of new officials to head the world’s top gambling hub of Macau, changing key roles including the city’s economy and justice secretaries.
Trading Ideas
Merkel’s Christian Democrats Play Hardball With Coalition’s Future in Balance
Dec.02 — Chancellor Angela Merkel’s Christian Democrats told the new leadership of the Social Democrats that they can quit the governing coalition, but there will be no renegotiation of the terms of their alliance. The SPD on Saturday picked coalition critics Norbert Walter-Borjans and Saskia Esken to take the party forward over Merkel’s SPD vice chancellor Olaf Scholz and the new leaders said they will demand policy changes from Merkel if they are to maintain their support. Birgit Jennen reports from Berlin on “Bloomberg Markets: European Open.” …read more […]
Trading Ideas
UBS Asset Management bullish on emerging market equities, debt
The United States’ economic outperformance will wane, the dollar will probably weaken and growth next year can be expected from emerging markets, UBS Asset Management said on Monday, the latest money manager to turn bullish on the sector. It follows upgrades on the outlook for emerging markets, loosely defined as more recently industrialised nations – including China, much of Southeast Asia and Latin America – from J.P Morgan Asset Management and Morgan Stanley last month. “As we look towards 2020, we’re looking towards ex-U.S. equities,” said Evan Brown, head of multi-asset strategy at UBS Asset Management. …read more […]
Business News
New Nissan CEO pledges better performance, cooperation with Renault
Nissan Motor Co chief executive Makoto Uchida said on Monday that he would work to improve the automaker’s financial performance and co-operate closely with alliance partner Renault SA , while maintaining Nissan’s independence.
Business News
China’s facial recognition roll out reaches into mobile phones, shops and homes
China on Sunday put into effect new regulations that require Chinese telecom carriers to scan the faces of users registering new mobile phone services, a move the government says is aimed at cracking down on fraud.
Business News
Britain’s competition watchdog reviewing Google’s Looker buyout deal
Britain’s competition watchdog on Monday said it was probing Google’s $2.6 billion buyout of privately held big-data analytics firm Looker Data Sciences.
Trading Ideas
EXPLAINER-China's facial recognition roll out reaches into mobile phones, shops and homes
China on Sunday put into effect new regulations that require Chinese telecom carriers to scan the faces of users registering new mobile phone services, a move the government says is aimed at cracking down on fraud. The rules, first announced in September, mean millions more people will come under the purview of facial recognition technology in China. The Ministry of Industry and Information Technology (MIIT) did not say which companies will provide the telecoms providers with these services but China is home to some of the world’s leaders in facial recognition software, including Megvii and SenseTime. …read more […]
Business News
Oil jumps amid hopes for further OPEC cuts, China factory growth
Oil prices rose more than 1% on Monday as signs of rising manufacturing activity in China pointed to increasing fuel demand, and hints that OPEC may deepen output cuts at its meeting this week indicated supply may tighten next year.