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Trump's pick Malpass has clear path to lead World Bank, no challengers emerge

WASHINGTON, March 15 — US President Donald Trump’s pick to lead the World Bank faces a clear path toward approval as a nomination deadline passed yesterday with no challengers, continuing the tradition of the United States choosing the…


Pound pauses after UK parliament gives nod to Brexit delay

TOKYO, March 15 — The British pound paused for breath today after the UK parliament voted overwhelmingly to seek a delay in Britain’s exit from the European Union while the yen looked to the Bank of Japan’s guidance on its policy later in the…


Boeing groundings put US-China trade-linked jet order in limbo

SEATTLE, March 15 — China’s move to ground Boeing Co’s 737 MAX jetliners following the deadly Ethiopian Airlines crash has cast a shadow over the American planemaker’s immediate hopes for a major jet order linked to a US-China trade deal,…


Survey: US firms less satisfied with business environment in Asean but region still a vital market

SINGAPORE, March 15 — The economies of the Association of South-east Asian Nations (Asean) have become less attractive financially for American companies to conduct business last year than they were in 2013, a recent survey showed. Higher costs in…


Why US growers are betting the farm on soybeans amid China trade war

CHICAGO, March 14 ― US farmers are gearing up to plant what could be their third-largest soybean crop ever despite failing to sell a mountain of beans from their last harvest due to a US-China trade war that remains unresolved. Soybeans were the…


Trump says he is in no rush to complete China trade deal

WASHINGTON, March 14 ― US President Donald Trump said yesterday he was in no rush to complete a trade pact with China and insisted that any deal include protection for intellectual property, a major sticking point between the two sides during…


European shares flat as Brexit impasse sinks in

LONDON, March 13 — European shares opened broadly flat today as uncertainty prevailed on Britain’s plan to leave the European Union and no corporate or economic news appeared strong enough to shake the risk-off mood spreading from Asia…


Production bottlenecks to hobble Adidas in 2019

FRANKFURT, March 13 — German sporting goods maker Adidas said today it booked vaulting profits in 2018, but crimped its expectations for this year as it runs into limits on production capacity. Net profit at the Herzogenaurach-based group leaped…


Russia and Opec: Convenience but no marriage

MOSCOW, March 13 — Two years after they teamed up to take back control of oil markets, the alliance between Russia and Opec continues to be effective. But experts say talk of a more formal and permanent partnership are premature, with Moscow keen…


Pompeo calls on oil industry to support US foreign policy agenda

HOUSTON, March 13 — US Secretary of State Mike Pompeo urged the oil industry yesterday to work with the Trump administration to promote US foreign policy interests, especially in Asia and in Europe, and to punish what he called “bad actors” on…