Week ahead: the Fed ......
Week ahead: the Fed ...
The US central bank is almost certain to raise rates at this week's meetings. But, as David Pollard reports, it's what it may say about future meetings that really matters to markets.
T-Mobile, Sprint consider dropping Huawei
T-Mobile and Sprint expect their merger to be approved by a U.S. national security panel as early as next week, after their respective parent companies said they would consider curbing their use of equipment from China’s Huawei Technologies, people familiar with the matter told Reuters.
Facebook finds bug exposing users' photos
Facebook said on Friday it has discovered a bug that may have affected up to 6.8 million people who used Facebook login to grant permission to third-party apps to access photos.
J&J shares nosedive on baby powder worries
Johnson & Johnson lost as much as $47 billion in market value Friday after Reuters reported the healthcare giant knew its baby powder was contaminated with cancer-causing asbestos for decades.
Stocks tank; investors look ahead to Fed meeting
Global markets tumbled on Friday, leaving Wall Street with it lowest weekly close since March, increasing the pressure on the Federal Reserve to reassure markets following a two-day meeting next week.
Wall Street tumbles on global economic worries
U.S. stocks fell on fears about global economic slowdown after weak data from China and Europe, with Johnson & Johnson plunging following Reuters story that said J&J knew about asbestos in Baby Powder for decades. Roselle Chen reports.
China to halt added tariffs on U.S.-made cars
China will temporarily suspend additional 25 percent tariffs on U.S.-made vehicles and auto parts starting in January. Roselle Chen reports.
Starbucks to offer coffee delivery
Starbucks is partnering with UberEats for delivery from about 3,500 U.S. stores and is nearly doubling its outlets in China over the next four years, but forecast that same-store sales would remain steady, sending shares down 3 percent. Roselle Chen reports.
PIMCO sees 30 pct chance of 2019 U.S. recession
Higher interest rates and fading fiscal stimulus will leave the U.S. economy at a 30 percent chance of falling into a recession, the highest probability at any point during the nine-year economic expansion, PIMCO said as it looked ahead to 2019.
Company walks fine line to revive Colombia emerald mine
A tiny company is trying to breathe new life into a fabled, four-century-old Colombian emerald mine without triggering unrest among wary locals who fear being shut out of the tunnels where they hunt for gems and make a meagre living. Pascale Davies reports.
Louis Vuitton makes surprise bid on luxury hotels
LVMH has agreed to buy the Belmond luxury hotel chain, marking a big expansion of a previously niche hotels business for the Louis Vuitton parent.
Lawsuit linked Baby Powder to cancer in 1997
Reuters Correspondent Lisa Girion uncovered what may be the first lawsuit to allege that Johnson & Johnson's iconic Baby Powder caused cancer.
U.S. markets drop on slowing global economy, says Clear Harbor's Aaron Kennon
Disastrous manufacturing and retail consumption data from China confirm that global economy has been slowing since first quarter, says Aaron Kennon, CEO of Clear Harbor Assets Management. Aleksandra Michalska reports.
Climate ideals clash with coal realities at Polish-led U.N. talks
Poland's decision to host the COP 24 negotiations to revive the 2015 Paris agreement on phasing out fossil fuel has laid bare the tension between high-minded goals and business realities. Julian Satterthwaite reports.
Still possible to get Brexit reassurances from EU, says UK PM May
British Prime Minister Theresa May said on Friday it was still possible to get further clarification from the European Union on the Brexit deal to help her win parliamentary approval for it. Rough cut (no reporter narration).
Breakingviews TV: Ottawa pinch
Dec 14 – Two Canadian citizens have been detained in China on suspicion of harming national security. Meanwhile, Huawei’s CFO has been freed in Canada on bail but still faces extradition to the U.S. Christopher Beddor and Pete Sweeney discuss the situation and Beijing’s motives.
As climate talks go to wire, coal is blamed
Climate change talks in Poland are going down to the wire. Environmentalists blame the host government for trying to protect its huge coal industry.
Insolvent Air Berlin's administrator sues Etihad for up 2 bln euros
German airline Air Berlin's insolvency administrator is suing Abu Dhabi's Etihad, its former owner, for damages of up 2 billion euros ($2.26 billion), a Berlin court said on Friday. Pascale Davies reports.
Paying the price of progress in China
Wang Zhaohong worked on a demolition crew in Shenzhen at the turn of the century, clearing the way for the once-tiny border village to become a bustling metropolis. Now, suffering from a lung disease, the bedridden 50-year-old says the work he did will end up killing him. Ed Giles reports.
Croatia suffers from lack of workers, struggles to catch up with rest of EU
Croatia is suffering a severe labour shortage, most glaringly in its booming seaside tourist resorts, that is compounding obstacles to economic growth and dimming hopes of catching up with more developed European Union peers. David Pollard reports.