Bhinneka News Online: Reuters Before the Bell: Mnuchin hopes for 'productive' trade meetings in China

Wednesday 13 February 2019

Reuters Before the Bell: Mnuchin hopes for 'productive' trade meetings in China

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Wednesday, February 13, 2019

Mnuchin hopes for 'productive' trade meetings in China

U.S. Treasury Secretary Steven Mnuchin said on Wednesday he hopes for "productive" trade meetings in China this week, as the two countries seek to hammer out an agreement amid a festering dispute that has seen both level tariffs at each other.

Oil rises after Saudi output pledge, declining U.S. inventories

Brent oil prices rose on Wednesday, after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, while U.S. futures gained on a decline in domestic oil inventories.

Ford told UK PM May it could move business overseas because of Brexit

Ford Motor Co told British Prime Minister Theresa May during a conference call on Tuesday that it may have to move some production out of Britain because of Brexit, according to a source on the call.

Global stocks greet sign of trade truce extension with glee

Investors hungry for progress on resolving a U.S.-China trade war seized on U.S. President Donald Trump's comment that he could let a March 1 deadline for a deal with China "slide", taking this as a cue to buy stocks and sell bonds on Wednesday.

Stock futures gain on trade optimism; inflation data eyed

U.S. stock index futures rose on Wednesday, driven by optimism over the ongoing U.S.-China trade talks, and as investors awaited the latest inflation data.

Exclusive: BT executives knew of accounting fraud in Italy unit - prosecutors

A preliminary criminal investigation into an accounting scandal at the Italian unit of British telecom firm BT has alleged that three top executives of the group were aware of bookkeeping fraud at the unit, according to a document prepared by Italian prosecutors.

Mnuchin says trade talks in China are 'so far, so good'

U.S. Treasury Secretary Steven Mnuchin said on Wednesday trade talks with China are progressing well, as the world's two largest economies try to iron out an agreement to resolve their trade dispute.

Investors taking stock of whether AIG will hit profit target

As American International Group Inc reports its fourth-quarter results on Wednesday, investors will be looking to see if the insurer is closing in on an elusive profit target.

Lampert reveals plans for Sears after bankruptcy: WSJ

Sears Holdings Corp will sell or sublease some of the 425 stores of the retail chain and open smaller stores with more focus on tools and appliances than on apparel, said Chairman Edward Lampert in an interview with the Wall Street Journal.

Thyssenkrupp employees will not support Tata JV at any price

Labor leaders, who hold half the seats on Thyssenkrupp's supervisory board, will not support a planned joint venture with Tata Steel if concessions in ongoing antitrust proceedings go too far, a union representative said.