Friday, March 1st, 2019

 

US stocks rise but Tesla retreats

NEW YORK, March 1 — Wall Street stocks rose solidly in early trading today, shaking off a series of lacklustre sessions in a strong start to the month of March. About 20 minutes into trading, the Dow Jones Industrial Average stood at 26,132.82, up…


Macron: France will force Ford to revitalise site of plant closure

PESSAC, March 1 — French President Emmanuel Macron today pledged to force automaker Ford to pay to help create new jobs on an industrial site the US firm plans to close in southwestern France. The French government has denounced Ford’s decision…


New EU-US trade talks next week in Washington

BRUSSELS, March 1 — European Union trade commissioner Cecilia Malmstrom is to meet her US counterpart Robert Lighthizer next Wednesday in Washington, an EU spokesman, as the two sides seek a limited trade deal amid renewed tensions. They have been…


US personal income falls; spending weakest since 2009

WASHINGTON, March 1 — US personal income fell for the first time in more than three years in January as dividends and interest payments dropped, pointing to moderate growth in consumer spending after it fell by the most since 2009 in December. The…


UK factories brace for Brexit, but consumers less worried

LONDON, March 1 — British factories are cutting jobs and bracing for Brexit by stockpiling goods at a record pace, but consumers seem less worried, suggesting their spending might help to shore up the economy, data showed today. A measure of…


India’s growth may decelerate further despite election spending

NEW DELHI, March 1 — Billions of dollars of pre-election spending by the Indian government and political parties in the next two months is unlikely to stop the nation’s economy from slowing further, economists said. Asia’s third-largest…


Singapore’s gender wage gap widens in 2018

SINGAPORE, March 1 — The wage gap between men and women in Singapore increased in 2018 to the widest in a decade, an analysis of the Manpower Ministry’s labour statistics has shown. The median wage for women working full-time was 87.5 per cent…


Europe intensifies diplomacy to shield against Chinese power

BRUSSELS, March 1 — The European Union is seeking to forge a more defensive strategy towards China and is intensifying diplomacy to limit Beijing’s ability to buy foreign firms in the bloc, its top trading partner, diplomats and officials say….


Dollar recovers, hits 10-week high vs yen, as bigger yields lure investors

LONDON, March 1 — The dollar moved higher today, hitting a 10-week high against the yen, as a jump in US Treasury rates sent investors chasing higher yields into the greenback. The US currency managed to claw back earlier losses after data showed…


Pound set for biggest weekly rise in a month as Brexit fears fade

LONDON, March 1 — The pound was little changed today but is still headed for its biggest weekly gain in a month as worries receded that Britain will crash out of the European Union without a deal. Sterling surged to multi-month highs this week…