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US-China trade hopes lift stocks, oil hits three-month high

NEW YORK, Feb 23 ― Stocks rose in major markets across the world yesterday on bets of progress in trade talks between China and the United States, while crude futures hit their highest level in more than three months supported by ongoing supply…


Global equities climb on hopeful trade talk vibes

LONDON, Feb 22 — World stock markets advanced today as investors awaited what they hoped will be encouraging news from US-China trade talks in Washington, dealers said. Europe’s key equity markets were up to around 0.5 per cent higher, building…


Pinterest files confidentially for stock listing, reports WSJ

SAN FRANCISCO, Feb 22 — Pinterest, the online “visual discovery” service which claims some 250 million users, has filed confidentially for a stock market listing, The Wall Street Journal reported yesterday. The report said San Francisco-based…


Asian shares tread water as investors watch trade talks

SHANGHAI, Feb 22 — Shares in Asia were flat in early trade today 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. Early in the…


Weak US data underscore growing headwinds to economy

WASHINGTON, Feb 22 — New orders for key US-made capital goods unexpectedly fell in December amid declining demand for machinery and primary metals, pointing to a sustained slowdown in business spending on equipment that could further crimp…


US, China sketch outlines of deal to end trade war, say sources

WASHINGTON, Feb 22 — The United States and China have started to outline commitments in principle on the stickiest issues in their trade dispute, marking the most significant progress yet toward ending a seven-month trade war, according to sources…


Wall Street breaks run of gains as economic data disappoints

NEW YORK, Feb 22 — Weak economic reports pressured US stocks yesterday after the market's recent run of gains, and a drop in healthcare shares added to the bearish momentum. The Commerce Department said new orders for key US-made capital goods…


US stocks dip on weak data from Europe, Japan

NEW YORK, Feb 21 — Wall Street stocks fell early today following lacklustre economic data from Japan and Europe while high-stakes trade talks between the United States and China resumed. About 20 minutes into trading, the Dow Jones Industrial…


Fed says US growth easing as global risks rise

WASHINGTON, Feb 21 — The Federal Reserve believes US growth will “step down” this year from last year’s rapid pace amid rising global risks, including from tense trade relations, according to minutes released today. And given the greater…


Wall Street ends up slightly as Fed minutes support cautious stance

NEW YORK, Feb 21 — US stocks ended higher yesterday after minutes from the Federal Reserve's last meeting reaffirmed for investors that the US central bank would be “patient” with respect to further interest rate hikes. But policymakers gave…