Friday, January 18th, 2019

 

US stocks rise again on hopes of trade deal

NEW YORK, Jan 18 — Wall Street stocks pushed higher today as optimism over a potential US-China trade agreement offset mixed earnings reports from Netflix and others. About 35 minutes into trading, the Dow Jones Industrial Average was up 0.5 per…


EU sets out plans for ‘limited’ US trade deal

BRUSSELS, Jan 18 — The EU pressed today with plans to forge a trade deal with the US, part of an effort — demanded by Germany — to avert a trade war with President Donald Trump. Negotiating a deal was the linchpin of a transatlantic truce…


Canada dismisses China’s warning of repercussions over Huawei ban

SHERBROOKE (Quebec), Jan 18 — Canada’s government today dismissed China’s warning of repercussions if Ottawa banned Huawei Technologies Co Ltd from supplying equipment to 5G networks, saying it would not compromise on security. China’s…


Chinese drone maker DJI uncovers corruption, sees US$150m loss

SHANGHAI, Jan 18 — China’s SZ DJI Technology Co Ltd, the world’s largest maker of consumer drones, has discovered several cases of serious corruption at the company and expects 2018 losses of more than 1 billion yuan (US$150 million) as a…


Stock markets surge on China-US trade breakthrough hopes

LONDON, Jan 18 — Stock markets across the globe powered higher today, buoyed by hopes of a breakthrough in the US-China trade war. European and Asian indices bounced back strongly after the Wall Street Journal (WSJ) reported that the US was…



Canada ended 2018 with 2pc inflation, official data reveal

OTTAWA, Jan 18 — Canadians paid 2.0 per cent more for goods and services in December than a year earlier, the government statistical agency said today. The figure closing out 2018 was slightly higher than economists had forecast, after a 1.7 per…


Pound set for biggest weekly gain vs euro in more than a year on Brexit hopes

LONDON, Jan 18 — The pound weakened today as investors took profits after a stellar rally this week that set the currency up for its biggest weekly gain against the euro in more than a year on growing confidence that a no-deal Brexit can be…


India’s richest man to battle Amazon, Walmart in e-commerce

MUMBAI, Jan 18 — Asia’s richest man Mukesh Ambani announced details of a new online shopping platform today that will see his oil-to-telecoms conglomerate take on Amazon and Walmart in India’s burgeoning e-commerce market. Ambani, the chairman…


Minus US govt, Davos faces Brazilian populism and Brexit

LONDON, Jan 18 — Organisers of next week’s annual Davos conclave put on a brave face today after US President Donald Trump withdrew his entire delegation, insisting the forum still had plenty of political and corporate firepower in its debating…