Top News & Analysis New York

  • *Russia outlines gradual cut as part of OPEC+ deal. Equities reacted first, taking oil prices down with it, "said John Kilduff, a partner at Again Capital Management in New York. Prices rose over $1 a barrel earlier in the session after Libya's National Oil Company declared a force majeure on exports from the country's biggest oilfield, which was seized last weekend...

  • *Russia outlines gradual cut as part of OPEC+ deal. Equities reacted first, taking oil prices down with it, "said John Kilduff, a partner at Again Capital Management in New York. Prices rose over $1 a barrel earlier in the session before the stock market pulled back and after Libya's National Oil Company declared a force majeure on exports from the country's biggest...

  • *Trump says U.S.- China trade talks' very productive'. Dec 11- U.S. stocks rose for the second straight day on Tuesday, led by technology companies on signs that China and the United States were moving toward resolving their bitter trade dispute that has roiled global equities markets for months. Adding to the optimism was a Bloomberg report that China is moving to...

  • WASHINGTON, Dec 11- U.S. producer prices unexpectedly rose in November as increases in the costs for services offset a sharp decline for energy products, but the overall momentum in wholesale inflation appears to be slowing. Federal Reserve will raise interest rates at its Dec. 18-19 policy meeting. "All systems are go for a fourth rate hike this year when Fed...

  • *Political stability of Britain a worry for investors. *EU competition, regulation to stifle future UK business ties. LONDON, Dec 11- Life in London's financial district will appear little changed when Britain leaves the European Union on March 29, defying predictions of an exodus of high-flyers to rival centres like Paris, Frankfurt and Dublin.

  • *U.S., China signal movement to resolve trade conflict. NEW YORK, Dec 11- The dollar edged higher against a basket of currencies on Tuesday, hovering near a two-week high, as China and the United States laid out a plan on the next stage of their trade talks to avert a trade war between the world's two biggest economies. The sterling bounced up from 20- month lows as Prime...

  • Dec 11- Verizon Communications Inc said Tuesday it will take a $4.6 billion charge related to its Oath media assets- Yahoo and AOL- and a severance charge of up to $2.1 billion for voluntary buyouts, in the fourth quarter. The New York based-company said the severance charge was mainly on account of the buyouts announced on Monday as well as other headcount...

  • Dec 11- Verizon Communications Inc will take a charge of $1.8 billion to $2.1 billion in the current quarter as nearly half of the layoffs announced on Monday will come into effect in December, the U.S. wireless carried said https://www.sec.gov/Archives/edgar/data/732712/000073271218000060/a12-118xk. htm. The New York based-company, which had 152,300...

  • Dec 11- Uber Technologies Inc and smaller rival Lyft are driving side-by-side on the road to a stock market debut, and that may not bode well for Lyft as investors decide where to place their bets in the ride-hailing sector. Uber and Lyft both submitted confidential IPO filings with the U.S. Securities and Exchange Commission last Thursday, suggesting that their...

  • LONDON, Dec 11- WPP will spend 300 million pounds over three years and cut 2,500 jobs in a drive by new boss Mark Read to return the world's biggest advertising group to organic growth. On Tuesday it set out its plan to respond, three months after company veteran Read replaced founder Martin Sorrell at the head of the business. It said it would maintain and prioritise...

  • *Foreign investors no longer buying FX-hedged U.S. By Tomo Uetake and Saikat Chatterjee. TOKYO/ LONDON, Dec 11- A worrying sign of inversion in the U.S.

  • *Libya's National Oil Company declares force majeure. SINGAPORE, Dec 11- Oil prices edged up on Tuesday after Libya's National Oil Company declared force majeure on exports from the El Sharara oilfield, which was seized last weekend by a militia group. Libya's National Oil Company late on Monday declared force majeure on exports from the El Sharara oilfield, the...

  • The San Francisco- based company's shares, which rose nearly 8 percent after reporting first-quarter revenue and profit beat, reversed course to fall 14 percent to $22.35 in after-hours trade, following the holiday-season forecast. "We are just less active in marketing," compared with other retailers during the holiday season, President and Chief Operating...

  • Dec 10- Bunge Ltd Chief Executive Officer Soren Schroder is stepping down after five years at the helm of the global agribusiness following months of pressure from shareholders to shake up the company amid a prolonged grain market slump. The U.S.- China trade war has slashed exports of U.S. crops to China, further depressing prices. Capital Innovations owned...

  • *Earlier S&P hit lowest since April 4; Dow lowest since May 4. Dec 10- Wall Street ended Monday's volatile session slightly higher with help from technology stocks although bank stocks tumbled and uncertainty over Britain's exit from the European Union kept investors on edge about global growth. Once the S&P neared its 2018 low- reached on Feb. 8- trading...

  • NEW YORK, Dec 10- U.S. Treasury yields drifted higher on Monday as Wall Street stocks recovered, but trading was mostly rangebound as investors digested the Brexit turmoil and its impact on other assets after Britain's Prime Minister Theresa May postponed a parliamentary vote on her deal to exit the European Union. Following May's decision, U.S. 30- year yields...

  • Dec 10- The S&P 500 turned positive on Monday afternoon with help from technology stocks in a volatile session as investors remained worried about global growth, the U.S.- China trade war and uncertainty over Britain's exit from the European Union. The energy index was the S&P's biggest percentage loser followed by financials, which have been dogged by...

  • NEW YORK, Dec 10- A gauge of global equities stumbled on Monday, as losses in Europe and Asia extended to Wall Street on new signs the U.S.- China trade spat was impacting world economic growth, but rebounded from an initial drop as Apple Inc shares recovered. It is not just Brexit- which is huge- it is Europe generally speaking, "said Peter Kenny, founder of Kenny's...

  • NEW YORK/ LONDON, Dec 10- Robusta coffee futures on ICE slid to a two-month low on Monday, pressured by ample supplies, while sugar prices also fell, tracking a crude oil decline. *March arabica coffee settled up 1.05 cents, or 1 percent, at $1.0515 per lb after rebounding off support around Friday's 2-1/ 2- month low at $1.0385. *March robusta coffee settled down $6, or 0.4...

  • WASHINGTON, Dec 10- U.S. job openings rebounded in October, but hiring continued to lag, suggesting a recent slowdown in job growth was most likely because employers could not find qualified workers. The monthly Job Openings and Labor Turnover Survey, or JOLTS, released by the Labor Department on Monday underscored tightening labor market conditions, which...