Business News Sydney

  • *Stocks in Asia move a notch higher on hopes of U.S.- China deal. TOKYO/ HONG KONG, Dec 5- Stock markets in Asia gained on Thursday on hopes that China and the United States may soon seal a preliminary deal to end their 17- month trade war, but conflicting signals from U.S. The pressure for a deal is immense simply because of the economic slowdown in both countries, "said...

  • Guzman Y Gomez's co-founder and CEO Steven Marks.

    Guzman y Gomez co-founder Steven Marks gave up fund managing to build a fast food empire.

  • TOKYO, Dec 5- Asian stocks edged up on Thursday on signs the United States and China were on track for a preliminary trade deal, though optimism was tempered by the almost daily shifts in prospects for defusing the damaging tariff war now in its second year. Investors were quick to latch on to a Bloomberg report on Wednesday that Washington and Beijing are closer to...

  • PARIS/ SINGAPORE, Dec 4- Chicago soybean futures edged higher on Wednesday as investors took a more hopeful view on chances for a U.S.-Chinese trade agreement, while wheat also firmed after a two-day slide. The most-active soybean contract on the Chicago Board of Trade was up 0.6% at $8.76-1/ 2 a bushel, holding above Monday's near three-month low of $8.67-1/ 2.

  • Dec 4- Hong Kong Airlines said on Wednesday it had drafted an "initial cash injection plan" that would allow it to make overdue salary payments on Thursday as the carrier battles to keep flying. "Following urgent consultations, an initial cash injection plan has been drawn up," Hong Kong Airlines said in a statement on Wednesday. Bank of China Group Insurance said on...

  • Dec 4- Hong Kong Airlines said on Wednesday it had drafted an "initial cash injection plan" that would allow it to make overdue salary payments on Thursday as the carrier battles to keep flying. "Following urgent consultations, an initial cash injection plan has been drawn up," Hong Kong Airlines said in a statement on Wednesday. Bank of China Group Insurance said on...

  • *Chicago wheat futures drop to lowest in more that a week. SINGAPORE, Dec 4- Chicago wheat futures fell for a third consecutive session on Wednesday, dropping to their lowest in more than a week on pressure from ample world supplies. The most-active wheat contract on the Chicago Board Of Trade was down 0.4% at $5.23 a bushel, as of 0354 GMT, hovering near a session low of...

  • *MSCI Asia ex- Japan -0.43%, Nikkei down 0.64%. *U.S. tariffs on Brazil and Argentina' effective immediately'. President Donald Trump stunned markets by imposing tariffs on imports from Brazil and Argentina, rekindling fears over global trade tensions, while weak U.S. factory data added to the investor gloom.

  • *U.S. tariffs on Brazil and Argentina' effective immediately'. President Donald Trump stunned markets with tariffs against imports from Brazil and Argentina, recharging fears about global trade tensions, while weak U.S. factory data added to the investor gloom. In tweets on Monday, Trump said he would impose tariffs on steel and aluminium imports from Brazil and...

  • *U.S. tariffs on Brazil and Argentina' effective immediately'. President Donald Trump stunned markets with tariffs against Brazil and Argentina, recharging fears about global trade tensions, while weak U.S. factory data added to the investor gloom. In tweets on Monday, Trump said he would impose tariffs on steel and aluminium imports from Brazil and Argentina,...

  • SINGAPORE, Dec 2- The Japanese yen hit a six-month low on Monday as investors cheered an unexpected rebound in Chinese manufacturing, while a tightening British election race knocked the pound. Sterling was down a quarter of a percentage point at $1.2913 as a clutch of polls pointed to a sharply narrowing lead for the Conservative Party ahead of the Dec. 12...

  • SINGAPORE, Dec 2- The British pound began the week on the back foot as polls showed a tightening U.K. election race, while an unexpected rebound in Chinese manufacturing supported risk appetite. Sterling was a quarter of a percentage point lower at $1.2910 as a clutch of polls showed Prime Minister Boris Johnson's Conservative Party losing some of its lead ahead...

  • LONDON, Nov 29- The euro held near two-week lows on Friday as a combination of record low currency market volatility and hopes the United States and China would be able defuse their damaging tariff war with a preliminary trade deal boosted demand for the greenback. "If any strategy has worked with some amount of reasonable success in the currency markets this...

  • LONDON, Nov 29- The euro hovered around its lowest levels for this month on Friday as the dollar held its poise on hopes that the United States and China would be able defuse their damaging tariff war with a preliminary trade deal. Traders will be watching the release of the flash euro zone inflation data at 1000 GMT. Economists polled by Reuters are expecting the...

  • SINGAPORE, Nov 29- The dollar headed for its highest weekly finish against the safe-haven yen since May on Friday, as data showing the U.S. economy on a firm footing prompted investors to scale back rate-cut bets. Nerves persisted though, as other major currencies spent the week rangebound, navigating a blizzard of trade-war headlines that offered few clues as to...

  • *Hong Kong law dents optimistic mood. SINGAPORE, Nov 28- Asian share markets wobbled on Thursday as concerns that tensions over Hong Kong could stymie a U.S.- China trade deal cast a pall over Thanksgiving cheer from unexpectedly positive U.S. economic data. President Donald Trump on Wednesday signed into law congressional legislation backing pro-democracy...

  • TOKYO, Nov 26- Asian stocks rose on Tuesday, bolstered by new momentum in Sino-U.S. efforts to end their acrimonious trade dispute and as Chinese e-commerce giant Alibaba made a strong Hong Kong debut in the world's largest share sale this year. Shares in the region extended earlier gains after Beijing said Liu He, China's Vice premier and chief trade negotiator,...

  • TOKYO, Nov 26- Asian stocks rose on Tuesday, bolstered by Wall Street's record closing highs and signs of new momentum in Beijing's and Washington's efforts to end their long and acrimonious trade dispute. Shares in the region extended gains on Tuesday after Beijing said Liu He, China's Vice premier and chief trade negotiator, held a call with his U.S....

  • *Yen and Swiss franc on back foot in Asia. TOKYO, Nov 26- Asian stocks rose on Tuesday as an apparent olive branch from Beijing in trade talks with Washington added to other recent signs of progress, fuelling a rally in Wall Street's main benchmarks to record highs. "The broad trend is the markets are looking for a deal because trade has been the biggest factor weighing...

  • SINGAPORE/ LONDON, Nov 25- Oil prices held above $63 a barrel on Monday as positive comments from the United States and China rekindled hopes in global markets that the world's two largest economies could soon sign an interim deal to end their trade war. Brent crude futures were down 5 cents at $63.34 a barrel by 1424 GMT. A move by China to protect intellectual...