Top News & Analysis New York City

  • *Neither firm expects chaotic UK exit from EU bloc. *Britain due to leave European Union on March 29. The portfolio managers would eventually be transferred to mainland Europe to handle client accounts there once Britain and the European Union agreed a regulatory framework, they added.

  • Jan 20- Ousted Nissan Motor Co chairman Carlos Ghosn has offered to post stock he owns in the automaker as collateral, surrender his passports and submit to electronic tracking as part of a renewed effort to persuade a Tokyo court to grant him bail while he awaits trial on charges of financial misconduct, a spokeswoman for the car executive said.

  • TOKYO, Jan 21- The co-chair of a committee set up by Japanese automaker Nissan Motor Co to examine the root cause of alleged financial misconduct by ousted chairman Carlos Ghosn said he believed Ghosn may have had questionable ethical standards. Ghosn, charged with three counts of financial misconduct, has been detained in Tokyo since his arrest on Nov. 19.

  • Jan 20- Ousted Nissan Motor Co Chairman Carlos Ghosn said on Sunday he will remain in Japan and follow restrictions by local authorities in exchange for his release from jail in the latest effort to persuade a court to grant him bail while he awaits trial on charges of financial misconduct. Ghosn, the veteran automotive executive detained since his arrest on Nov....

  • The Weather Service issued winter storm warnings or advisories for a swath of the eastern United States that is home to 100 million people, said meteorologist Rich Otto of the U.S. The storm system, which was moving from west to east and was strengthened by arctic air from Canada, hit many parts of the Midwest on Friday, according to the National Weather Service.

  • The Weather Service has issued winter storm warnings or advisories for a swath of the eastern United States that is home to 100 million people, said meteorologist Rich Otto of the U.S. The storm system, which was moving from west to east and was strengthened by arctic air from Canada, hit many parts of the Midwest on Friday, according to the National Weather Service.

  • **BRUSSELS- ECB President Mario Draghi and ECB Executive Board member Benoit Coeure participate in Eurogroup meeting in Brussels, Belgium. DAVOS, Switzerland World Economic Forum annual meeting. PHILADELPHIA, United States- Federal Reserve Bank of Philadelphia issues Non-manufacturing Business Outlook Survey for January- 1330 GMT.

  • *Industrials post among biggest sector gains on Wall Street. NEW YORK, Jan 18- World stock indexes jumped on Friday, with Wall Street posting a fourth straight week of gains, and the dollar had its first positive week since mid-December as optimism increased that an end is in sight to the U.S.- China trade conflict. Stocks were boosted by a Bloomberg report that said...

  • *Hopes for end to U.S.- China trade spat boosts Wall Street. Treasury yields climbed to three-week highs on Friday as investors piled back into Wall Street on hopes Washington and Beijing were moving to end their trade dispute as well as on stronger-than-expected data on manufacturing output. "It's a belief the thaw between the U.S. and China is growing so that's...

  • *To boost confidence in oil cut, OPEC issues quota list. *China offers to ramp up U.S. imports- Bloomberg. NEW YORK, Jan 18- Oil prices jumped about 3 percent on Friday, rising after OPEC detailed specifics on its production-cut activity to ease global oversupply, and on signs of progress in ending the U.S.- China trade war.

  • Many of the rigs cut were in the Permian Basin in Texas and New Mexico, the country's biggest shale oil formation, were the rig count dropped by seven this week to 481, the lowest since August. Oil prices tanked in the fourth quarter of 2018, with U.S. crude futures dropping from a near four-year high of $76.90 a barrel in early October to an 18- month low of $42.36 in...

  • WASHINGTON, Jan 18- U.S. consumer sentiment tumbled in early January to its lowest level since President Donald Trump was elected more than two years ago as an ongoing partial shutdown of the federal government and financial market volatility stoked fears of a sharp deceleration in economic growth. The drop in confidence reported by the University of...

  • *Industrials lead sector gains on Wall Street. NEW YORK, Jan 18- Major stock indexes rose worldwide on Friday and the dollar was on track for its first positive week this year, boosted by optimism that the trade conflict between the United States and China may come to an end. Wall Street was set for a fourth week of gains, with foreign trade-sensitive industrials up...

  • *To boost confidence in oil cut, OPEC issues quota list. *China offers to ramp up U.S. imports- Bloomberg. NEW YORK, Jan 18- Oil prices jumped about 3 percent on Friday, rising after OPEC detailed specifics on its production-cut activity to reduce world supply, and on signals of progress in resolving the U.S.- China trade war.

  • *China offers to ramp up U.S. imports- Bbg. Jan 18- Technology and industrial stocks powered Wall Street's rise on Friday, setting the three main indexes on track for their fourth week of gains, amid growing optimism that the United States and China would resolve their bitter trade dispute. U.S. stocks steadily extended gains after a Bloomberg report said China had...

  • Jan 18- Tiffany& Co tempered its yearly profit forecast on Friday after the luxury jeweler's holiday sales fell unexpectedly as Chinese tourists spent less globally due to a stronger dollar and demand softened in Europe and at home. Like other luxury goods firms, Tiffany relies on spending by China's burgeoning middle class as consumer demand remains subdued...

  • WASHINGTON, Jan 18- U.S. consumer sentiment tumbled in early January to its lowest level since President Donald Trump was elected more than two years ago amid fears an ongoing partial shutdown of the federal government and financial market volatility would slow the economy. The drop in confidence reported by the University of Michigan on Friday is the...

  • *To boost confidence in oil cut, OPEC issues quota list. *China offers to ramp up U.S. imports- Bloomberg. NEW YORK, Jan 18- Oil prices rallied about 3 percent on Friday, boosted after OPEC detailed specifics on its production-cut activity to reduce world supply, and on signals of progress in resolving the U.S.- China trade war.

  • *Hopes for end to U.S.- China trade spat boost Wall Street. Treasury yields rose to three-week highs on Friday as investors piled back into Wall Street on hopes Washington and Beijing are moving to end their trade dispute and stronger-than-expected data on manufacturing production. "The risk-on mood has caused yields to move higher," said John Canavan, market...

  • *Hopes for end to U.S.- China trade spat boost Wall Street. Treasury yields rose to three-month highs on Friday as investors piled back into Wall Street on hopes Washington and Beijing are moving to end their trade dispute and stronger-than-expected data on manufacturing production. "The risk-on mood has caused yields to move higher," said John Canavan, market...