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Oil steadies as Chinese economy offsets trade optimism

January 17, 2020 by  
Filed under News

Oil prices steadied on Friday as sluggish economic growth in China, the world’s biggest crude importer, raised concerns over fuel demand and countered optimism from the signing of a China-U.S. trade deal.


Source: Reuters Business News

Wall Street hits new high as data boosts growth outlook

January 17, 2020 by  
Filed under News

Wall Street indexes hit new record highs on Friday after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth.


Source: Reuters Business News

Toyota to move Tacoma truck production to Mexico from U.S.

January 17, 2020 by  
Filed under News

Toyota Motor Corp said on Friday it will move production of its mid-size Tacoma pick-up truck from the United States to Mexico as it adjusts production around North America.


Source: Reuters Business News

Toyota completes $1.3 billion modernization project at Indiana facility

January 17, 2020 by  
Filed under News

Toyota Motor Corp said on Friday it had invested an additional $700 million and added 150 new jobs to complete a $1.3 billion modernization program at its Princeton, Indiana factory.


Source: Reuters Business News

Netflix opens Paris office, plans new French-language series

January 17, 2020 by  
Filed under News

U.S. television streaming company Netflix has opened a new Paris office and plans to develop more than 20 original French-language productions in 2020, it said on Friday.


Source: Reuters Business News

S&P 500 breaches 3,300 mark on strong Morgan Stanley earnings, retail data

January 16, 2020 by  
Filed under News

The S&P 500 crossed the 3,300 mark for the first time and the other main indexes hit record highs on Thursday, as encouraging retail sales data and upbeat Morgan Stanley earnings added to optimism from the signing of an initial U.S.-China trade deal.


Source: Reuters Business News

Oil up sharply as more trade deal progress spurs energy demand hopes

January 16, 2020 by  
Filed under News

Oil rose more than 1% on Thursday, as progress on another major trade deal fed optimism that energy demand will grow in 2020.


Source: Reuters Business News

U.S. Senate passes new North American trade deal

January 16, 2020 by  
Filed under News

The U.S. Senate on Thursday approved a revamp of the 26-year-old North American Free Trade Agreement that includes tougher rules on labor and automotive content but leaves $1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged.


Source: Reuters Business News

Mexico hails USMCA trade deal approval, expects more investment

January 16, 2020 by  
Filed under News

Mexican President Andres Manuel Lopez Obrador on Thursday hailed the U.S. Senate’s approval of the United States-Mexico-Canada Agreement (USMCA) trade deal, forecasting it would deliver a boost to the Mexican economy.


Source: Reuters Business News

Morgan Stanley shares soar after Gorman boosts performance targets

January 16, 2020 by  
Filed under News

Morgan Stanley lifted its performance goals on Thursday after beating Wall Street estimates by a wide margin, the latest sign that Chief Executive James Gorman’s strategic vision for the bank is bearing fruit.


Source: Reuters Business News

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