Top News & Analysis New York

  • BUENOS AIRES, Dec 6- Argentina's Martin Guzman, a whiz-kid economist with close ties to influential U.S. economist Joseph Stiglitz, will bring a sharp academic intellect but little policy-making experience to the daunting task of reviving Latin America's third largest economy and averting a damaging default. Guzman, a debt specialist at Columbia who has a...

  • *U.S. nonfarm payrolls post biggest gain in 10 months. NEW YORK, Dec 6- Wall Street ended solidly higher on Friday as a strong jobs report and optimism about U.S.- China trade negotiations ahead of an upcoming deadline helped stoke investor risk appetite. The U.S. economy added 266,000 jobs in November, the largest increase in 10 months, according to the Labor...

  • *OPEC to shoulder around two thirds of cuts. NEW YORK, Dec 6- Oil prices rose more than 1% on Friday and posted sharp weekly gains after OPEC and its allies agreed to deepen output cuts by 500,000 barrels per day in early 2020.. The additional cuts by the Organization of the Petroleum Exporting Countries and other major producers including Russia- a grouping known as...

  • BOSTON/ BENGALURU, Dec 6- U.S. Treasury yields rose on Friday after the Labor Department reported job growth increased by the most in 10 months in November. "Basically the market is very positive on this news because what it does is, it confirms a strong economy even though we have seen a little weakness come in," said Andre Bakhos, managing director at New Vines Capital...

  • WASHINGTON, Dec 6- President Donald Trump, fighting to keep details of his finances secret, asked the U.S. Supreme Court on Friday to prevent records held by Deutsche Bank AG and Capital One Financial Corp from being handed over to Democratic-led congressional panels. Trump's lawyers asked the high court to put a hold a Dec. 3 ruling by the Manhattan- based 2nd U.S....

  • Trump's lawyers asked the high court to put a hold a Dec. 3 ruling by Manhattan- based 2nd U.S. Circuit Court of Appeals directing the two banks to comply with April subpoenas by the House of Representatives Financial Services Committee and Intelligence Committee for the financial records.

  • BUENOS AIRES, Dec 6- Argentina's Martin Guzman, a whiz-kid economist with close ties to influential U.S. economist Joseph Stiglitz, will bring a sharp academic intellect but little policy-making experience to the task of reviving Latin America's third largest economy and fending off default. Guzman, a debt specialist at Columbia who has a doctorate from Brown...

  • WASHINGTON, Dec 6- U.S. job growth increased by the most in 10 months in November as the healthcare industry boosted hiring and production workers at General Motors returned to work after a strike, the strongest sign yet the economy is in no danger of stalling. The unemployment rate ticked back down to its lowest level in nearly half a century and wage gains...

  • *OPEC to shoulder around two thirds of cuts. NEW YORK, Dec 6- Oil prices rose on Friday and were on track for weekly gains as a meeting of OPEC and its allies agreed to deepen output cuts by 500,000 barrels per day in early 2020.. The additional cuts by the Organization of the Petroleum Exporting Countries and allies including Russia- a grouping known as OPEC+- will last...

  • Dec 6- The United States recorded 15 measles cases over about a month as of Dec. 5, taking the total cases for the year to 1,276 in the worst outbreak since 1992, the Centers for Disease Control and Prevention said on Friday.

  • BOSTON/ BENGALURU, Dec 6- U.S. Treasury yields rose on Friday after the Labor Department reported job growth increased by the most in 10 months in November. "Basically the market is very positive on this news because what it does is, it confirms a strong economy even though we have seen a little weakness come in," said Andre Bakhos, managing director at New Vines Capital...

  • BOSTON/ BENGALURU, Dec 6- U.S. Treasury yields rose on Friday after the Labor Department reported job growth increased by the most in 10 months in November. "Basically the market is very positive on this news because what it does is, it confirms a strong economy even though we have seen a little weakness come in," said Andre Bakhos, managing director at New Vines Capital...

  • EAST HARTFORD, Conn. Dec 6- For the first time in a while, Diomedes Dilone is earning enough money that he can afford to take the weekends off. The Navy veteran and married father of two would split his shift between the morning and afternoon so that he could shuttle other workers to and from their office jobs. He supplemented his earnings with savings, food stamps and...

  • Dec 6- U.S. stocks advanced on Friday as a strong jobs report and upbeat comments from President Donald Trump on trade talks with China breathed new life into markets after a roller-coaster week. Global financial markets began on a strong note as Trump said trade discussions with China were "moving right along." China said it will waive import tariffs for some...

  • NEW YORK, Dec 6- The stock market looks set to end 2019 the way it began the year-- highly sensitive to headlines from President Donald Trump's global trade war. Stocks pulled back from record highs to start December, undermined by comments from Trump and others in his administration suggesting any deal to resolve the trade dispute between the United States and...

  • WASHINGTON, Dec 6- U.S. job growth increased by the most in 10 months in November as former striking workers returned to General Motors' payrolls and the healthcare industry boosted hiring, the strongest sign yet the economy was not in danger of stalling. The Labor Department's closely watched monthly employment report on Friday also showed steady wage gains...

  • WASHINGTON, Dec 6- U.S. job growth increased by the most in 10 months in November as former striking workers returned to General Motors' payrolls and the healthcare industry boosted hiring, the strongest sign yet the economy was not in danger of stalling. The Labor Department's closely watched monthly employment report on Friday also showed steady wage gains...

  • Dec 5- 1/ ELECTION NIGHT FEVER More than three years after Britons narrowly voted to leave the European Union, the Dec. 12 general election will effectively offer them another vote on how they want Brexit to proceed and if they still think it should go ahead. And focus will shift to the 11- month window for Britain to sign trade deals with the European Union.

  • Fernandez is likely to back a sharp shift in economic approach to outgoing conservative President Mauricio Macri, whose International Monetary Fund- backed austerity helped cut fiscal deficits but hammered his popularity with voters. Argentina's markets and the peso currency have been on edge since Fernandez won a resounding victory in an Aug. 11 primary...

  • LONDON, Dec 6- The Saudi Aramco IPO was supposed to be a cornerstone of Crown Prince Mohammed bin Salman's ambitious plan to open the gates to foreign investment in the kingdom. The offering will surpass Alibaba's 2014 New York flotation and value Aramco at $1.7 trillion- still short of the prince's $2 trillion goal. However many global investors focused on...