Top News & Analysis United States

  • BRUSSELS, Nov 20- Malta's biggest bank failed for years to detect or address risks involving thousands of payments, the European Central Bank said, detailing "severe shortcomings" that could have allowed money laundering or other criminal activities. A confidential ECB report seen by Reuters said Bank of Valletta had not dealt with a litany of risk management...

  • *Italy concerned over ESM reform. LONDON, Nov 20- Benchmark German bond yields held near their lowest levels so far this month as renewed concern about the direction of U.S.- China trade talks swept through world markets, denting stocks and boosting demand for safe-haven assets. Treasury yields falling to three-week lows after the U.S. Senate on Tuesday...

  • NEW YORK, Nov 20- Global stock markets stumbled and the dollar climbed on Wednesday after China condemned U.S. Senate legislation aimed at protecting human rights in Hong Kong, the latest obstacle to reaching a deal in a prolonged Sino-U.S. trade dispute that has weighed on growth worldwide. Gold prices rose to their highest in nearly two weeks before paring...

  • *U.S. angers China after Senate passes Hong Kong rights bill. NEW YORK, Nov 20- The dollar edged higher on Wednesday as worsening U.S.- China relations supported demand for the safe-haven greenback even as investors awaited the release of minutes from the Federal Reserve's October policy meeting for clues to the path of future U.S. interest rates.

  • COMPANIES ARE RECEIVING MIX OF APPROVALS AND DENIALS OF REQUESTS TO SELL TO HUAWEI FROM US COMMERCE- SOURCES.

  • *Trade deal could push gold down below $1,450- analyst. Nov 20- Gold steadied on Wednesday, having touched a two-week high earlier in the session on souring U.S.- China trade relations, as investors awaited further clues on the U.S. as of 10:18 a.m. ET, having touched a two-week high of $1,478.80 earlier in the session.

  • HEATING OIL FUTURES EXTEND GAINS ON A BIGGER THAN EXPECTED WEEKLY DISTILLATE STORAGE DRAW- EIA.

  • Nov 20- Canada's main stock index dipped on Wednesday, as sentiment soured on concerns over political strain between the United States and China, but a rally in cannabis producers led by Canopy Growth Corp kept losses at bay. *Washington threatened to raise tariffs on Chinese imports if no deal is reached with Beijing to end a months-long trade war, while China...

  • RIYADH, Nov 20- Saudi Arabia's King Salman struck a defiant note against the kingdom's enemies, saying on Wednesday that missile and drone strikes it blames on Iran had not halted development and reiterating that Riyadh will not hesitate to defend itself. In an annual address to the appointed Shura Council, he called again on the international community to stop...

  • Nov 20- Canada's main stock index opened lower on Wednesday, as sentiment soured on concerns over political strain between the United States and China, but gains in shares of cannabis producer Canopy Growth Corp limited losses. *At 9:30 a.m. ET, the Toronto Stock Exchange's S&P/TSX Composite index was down 30.74 points, or 0.18%, at 16,980.66.

  • DUBAI, Nov 20- Emirates agreed to buy its first Boeing 787 Dreamliners in a last-minute, $9 billion deal at the Dubai Airshow on Wednesday while reducing its order for the U.S. planemaker's delayed 777 X model. Emirates and Boeing announced the order on day four of the Middle East's biggest aerospace event after lawyers put finishing touches to the deal the same...

  • *Canada's annual inflation rate holds steady at 1.9% in October. TORONTO, Nov 20- The Canadian dollar weakened to a near six-week low against the greenback on Wednesday as investor sentiment soured on U.S.- China tensions, but the loonie clawed back some losses after domestic inflation data that was in line with expectations. "The external climate is of more...

  • Nov 20- Wall Street's three main indexes opened lower on Wednesday on concerns that increasing political strain between Washington and Beijing could derail trade negotiations between the two sides. The Dow Jones Industrial Average fell 54.47 points, or 0.19%, at the open to 27,879.55. The S&P 500 opened lower by 5.52 points, or 0.18%, at 3,114.66.

  • "Faced with that reality, a crowded landscape, and a $20 million annual development spend that likely increases over time the decision to shutter the program is not surprising." The UK- based company said the restructuring of its heart valve business, which brought in nearly $130 million in 2018 sales or about 11% of total revenue, could impact about 150 employees...

  • *China condemns U.S. bill on Hong Kong rights. Nov 20- Wall Street's main indexes were set to fall at the open on Wednesday, as escalating political tensions between Washington and Beijing sparked fears that the two sides could fail to reach a trade agreement soon. Beijing on Wednesday condemned U.S. legislation aimed at protecting human rights in Hong Kong amid...

  • Nov 20- Vouch Insurance, a platform offering business insurance for startups, said on Wednesday that it raised $45 million and would expand into California. Silicon Valley startups increasingly are offering services to other young companies, from human resources to start-up-focused credit cards. The company's co-founder and CEO, Sam Hodges, said that Vouch,...

  • SAN FRANCISCO Nov 20- Electric scooter company Superpedestrian on Wednesday said it had raised $20 million for its diagnostic software that can spot impending hardware failure, a major problem for scooter operators. Assaf Biderman, founder and CEO of Superpedestrian, said a test of 150 scooters in Washington, D.C., found a 73% reduction in operating costs.

  • Nov 20- Target Corp raised its full-year earnings forecast on Wednesday, signaling a strong holiday season as the retailer benefits from its investments in same-day delivery services and store revamps, sending its shares up 9%. The big-box retailer's better-than-expected quarterly results and forecast also helped allay fears about the health of the U.S....

  • *Continental to close sites in Germany and United States. Continental said around 520 jobs will be lost when a site in Roding, Germany- which makes hydraulic components for petrol and diesel engines- is closed down in 2024.. Another 850 jobs are under threat in Limbach-Oberfrohna, Germany once manufacturing of diesel injection components ends in 2028, and a...

  • NEW YORK, Nov 20- About $400 million of XRP tokens, the currency for the Ripple payment network, is tied to illegal transactions, according to findings released on Wednesday by London- based Elliptic, a provider of risk management systems for the cryptocurrency industry. The $400 million is equivalent to about 30% of XRP's market capitalization of around $1.35...