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Exclusive: U.S. set to give Huawei another 90 days to buy from American suppliers – sources

August 17, 2019 by cbn Leave a Comment

Exclusive: U.S. set to give Huawei another 90 days to buy from American suppliers – sources

The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar with the situation said.

Filed Under: Financial Planning

Oil rises alongside equities, but weak OPEC outlook caps gains

August 16, 2019 by cbn Leave a Comment

Oil rises alongside equities, but weak OPEC outlook caps gains

Oil prices on Friday rebounded from a two-day drop, alongside equities as expectations of further stimulus by central banks helped to ease recession concerns.

Filed Under: Financial Planning

Premium brews in Asia stoke Carlsberg’s half-year sales

August 15, 2019 by cbn Leave a Comment

Premium brews in Asia stoke Carlsberg’s half-year sales

Danish brewer Carlsberg posted a solid rise in half-year sales thanks to Asian markets, where consumers are trading up from mainstream beers to pricier premium brands, lifting its shares 5 percent on Thursday.

Filed Under: Financial Planning

Gold rises as global recession fears lift safe-haven appeal

August 14, 2019 by cbn Leave a Comment

Gold rises as global recession fears lift safe-haven appeal

Gold rose over 1% on Wednesday as an inversion in the closely-watched U.S. Treasury yield curve and weak data from the euro zone stoked fears of global economic recession and drove investors toward safe-haven bullion.

Filed Under: Financial Planning

Trafigura in ship fuel venture with Frontline, Golden Ocean

August 13, 2019 by cbn Leave a Comment

Trafigura in ship fuel venture with Frontline, Golden Ocean

Commodities trader Trafigura is joining forces with shipping firms Frontline and Golden Ocean to supply marine fuel ahead of a shake up in regulation which could disrupt delivery and cause prices to spike.

Filed Under: Financial Planning

Gold gains as equities slip on trade woes, growth concerns

August 12, 2019 by cbn Leave a Comment

Gold gains as equities slip on trade woes, growth concerns

Gold prices rose on Monday and stayed above the key $1,500 per ounce psychological level, as stock markets slipped on concerns about global economic growth and the U.S.-China trade dispute, triggering safe haven bids.

Filed Under: Financial Planning

Versace apologises after T-shirt triggers fierce criticism in China

August 11, 2019 by cbn Leave a Comment

Versace apologises after T-shirt triggers fierce criticism in China

Italian luxury label Versace and its artistic director Donatella Versace apologised on Sunday after one of the company’s T-shirts was widely criticised on social media in China for identifying the Chinese-controlled territories of Hong Kong and Macau as countries.

Filed Under: Financial Planning

Cathay Pacific suspends pilot arrested in Hong Kong protests

August 10, 2019 by cbn Leave a Comment

Cathay Pacific suspends pilot arrested in Hong Kong protests

Hong Kong flag carrier Cathay Pacific Airways Ltd said on Saturday it had suspended a pilot arrested during anti-government protests in Hong Kong and that “overly radical” staff would be barred from crewing flights to the mainland.

Filed Under: Financial Planning

Argentines, hurting in the shadow of recession, weigh Macri’s plea for patience

August 9, 2019 by cbn Leave a Comment

Argentines, hurting in the shadow of recession, weigh Macri’s plea for patience

Argentina’s opposition have their sights set on voters like Alfredo Espinoza, 55, a recently laid-off metals worker from the edge of Buenos Aires, looking to tap into rising hardship to rally supporters and win over swing voters disenchanted by President Mauricio Macri.

Filed Under: Financial Planning

Chinese trade data calms volatile global markets

August 8, 2019 by cbn Leave a Comment

Chinese trade data calms volatile global markets

Stronger-than-expected Chinese export data helped push global stock markets higher on Thursday following a volatile week that had investors scrambling for safety due to fears of a worldwide economic pullback.

Filed Under: Financial Planning

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