Wednesday 25 December 2019

Record online sales give short U.S. holiday shopping season a boost: report

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Record online sales give short U.S. holiday shopping season a boost: report

U.S. shoppers spent more online than in retail stores during the shortest winter shopping season in the past six years, with online sales hitting a record high, a report by Mastercard Inc showed.

Exclusive: Russia's Sberbank to remain Yandex partner, may adjust some projects - CEO Gref

Russia's Sberbank plans to continue its partnership with Yandex even though it has transferred its 'golden share' in the country's leading internet company to another entity, Sberbank's Chief Executive German Gref told Reuters.

Russian government plans to use rainy day fund to buy Sberbank from central bank: two sources

The Russian government plans to use the country's National Wealth Fund (NWF) to buy the central bank's stake in Sberbank , a state banker and a source familiar with the plan told Reuters on Wednesday.

Joint Saudi, Kuwaiti oil field expected to produce 320,000 bpd by end-2020

Saudi Arabia's energy minister said on Wednesday the Khafji oil field which is jointly operated with Kuwait would produce 320,000 oil barrels per day (bpd) at the end of 2020, Saudi-owned al-Arabiya TV reported.

Brash Uber co-founder Kalanick leaves board to focus on industrial kitchens

Travis Kalanick, the pugnacious co-founder of Uber, has severed his last ties with the ride-services company, resigning from the board and selling all his shares as he turns his focus to a new venture creating "ghost kitchens" for food delivery services.

Trump says he and Xi will sign China trade deal

U.S. President Donald Trump said on Tuesday he and Chinese President Xi Jinping will have a signing ceremony to sign the first phase of the U.S.-China trade deal agreed to this month.

China says it is in close touch with U.S. on trade deal signing ceremony

China says it is in close touch with the United States on a trade deal signing ceremony, after U.S. President Donald Trump said on Tuesday that he and Chinese President Xi Jinping will have a ceremony to sign the recently struck Phase 1 trade deal.

China's November soybean imports from U.S. rise as tariff-free cargoes arrive

China's November soybean purchases from the United States surged from a year earlier, data showed on Wednesday, as cargoes booked by importers with tariff-free quotas cleared customs.

Questions over Hyundai construction of Chilean bridge amid row with government

Chile's finance minister has sought to downplay a row between the government and the construction and engineering arm of South Korean giant Hyundai over a $740 million suspension bridge, saying disputes in such mega projects were "quite common."

Global stocks hover near record highs, gold breaches $1,500

Gold surged past $1,500 an ounce and a gauge of global equity markets hovered near record highs on Tuesday in a year-end rally spurred by hopes of a U.S.-Sino Phase 1 trade deal and as China's latest policy easing pledge added to investor optimism.

S&P 500, Dow pause near records in Christmas Eve trade

The S&P 500 and the Dow industrials slipped in a shortened, pre-Christmas session on Tuesday, as investors paused after a record-setting rally fueled by improving U.S.-China trade relations that has put the market on course for its best year since 2013.

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