Business

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U.S. surfboard makers not so stoked about tariffs

President Donald Trump's decision to slap 10% tariffs on imported surfboards convinced surf executive Sue Bowers to move factory jobs out of China -...
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Potential recession may be mild – Kamen

A potential U.S. recession signaled by the bond market may be a mild one unlike that of 2008, Mercadien Asset Management president Ken Kamen...
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Sterling jumps on bid to thwart no-deal Brexit

The pound was set for its biggest weekly gain in nearly 2 months as a plan by opposition lawmakers to thwart a no-deal Brexit...
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Cathay Pacific CEO quits as airline is dragged into HK turmoil

Cathay Pacific CEO Rupert Hogg quit Friday as the airline became ever more embroiled in Hong Kong's political turmoil. Julian Satterthwaite reports. Peoples are using...
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Turkish military fund reaches deal to buy British Steel

Turkey's military pension fund OYAK has reached a provisional agreement to take over British Steel and could close the deal by the end of...
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LSE's FTSE stock market suffers longest outage in years

A technical glitch delayed the start of trading on Friday on the UK blue chip FTSE 100 and midcap stock indexes for almost two...
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U.S. moving quickly towards U.K. trade deal: Trump

President Donald Trump said on Thursday the United States and Britain were moving rapidly towards a deal on trade that would be "fantastic and...
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Dow, S&P rise on strong retail data

The S&P 500 and the Dow gained ground in a late rally Thursday as upbeat retail sales data offset recessionary fears and simmering U.S.-China...
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S&P could sink to December low – Gabriel

The S&P 500 could sink to test its low hit last December, Thomson Reuters Stock Buzz analyst Terence Gabriel tells Reuters' Fred Katayama. He...
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Madoff whistleblower targets GE

General Electric shares dropped sharply Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff's Ponzi scheme, said GE was concealing...
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Walmart, strong retail sales boost Wall Street

U.S. stocks rose on Thursday, as strong July retail sales data and Walmart’s upbeat results eased some fears about the economy slipping into recession....
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UK: online boosts retail, but ASDA warns on Brexit

British retail sales unexpectedly edged up in July, helped by strong online spending. But ASDA, the UK supermarket arm of Walmart, has become the...
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As Jack Ma eyes an exit, Alibaba beats forecasts

Jack Ma plans to step down as Alibaba boss in September, but he's signing off with a set of forecast-beating results. Julian Satterthwaite reports. Peoples...
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China's trade threats deal fresh blow to world stocks

China's threat to impose counter-measures in retaliation for the latest U.S. tariffs knocked stocks sprawling on Thursday, checking earlier attempt to recover from a...
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Maersk warns trade war could hurt shipping

The world's biggest container shipping line beat expectations in its latest earnings, but Maersk says the China-U.S. trade war could still hurt. Julian Satterthwaite...
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Carlsberg fizzes on Asia, premium beers

Carlsberg shares rose strongly after it reported a 6.5% rise in half-year sales. As David Pollard reports, the Danish brewer sold more expensive beer...
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Bond market is rarely wrong

The bond market is usually right, says Gerber Kawasaki CEO Ross Gerber, referring to the yield curve inversion Wednesday signaling a recession. But...
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Wall Street plunges as recession fears grow

Wall Street's main indexes slid Wednesday as a closely watched U.S. bond market indicator pointed to a renewed risk of recession following poor economic...

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