Stocks rally on renewed trade talk optimism, yields rise
Government debt yields and a gauge of global equity markets rose on Wednesday as sentiment improved after U.S. President Donald Trump said trade talks with...
Exclusive: WeWork China sets out bold 2020 sales targets at meeting – sources
WeWork China has set out ambitious revenue goals for 2020 even though it faces staff cutbacks and weak occupancy numbers at its properties across China,...
U.S. service sector slows more than expected in November
U.S. services sector activity slowed more than expected in November amid lingering concerns about trade tensions and worker shortages, which could revive fears about the...
Trump says trade talks with China going ‘very well’
U.S. President Donald Trump said on Wednesday that trade talks with China were going “very well,” sounding more positive than on Tuesday when he said...
Peloton Christmas ad tagged ‘sexist’ on social media
Exercise bike and treadmill maker Peloton Interactive Inc’s latest Christmas advertisement was widely criticized on social media as being “sexist” and “dystopian”....
Ryanair cuts planned capacity and jobs, blames 737 MAX delays
Low-cost airline Ryanair trimmed its passenger traffic forecast on Wednesday, saying it would cut summer capacity and an unspecified number of jobs as a result...
Barry Callebaut cites progress in helping cocoa farmers tackle child labor
Swiss cocoa products maker Barry Callebaut said on Tuesday that 26% of the farmer groups from which it sourced products in 2018/2019 had programs to...
Saudi Aramco’s bookrunners recommend IPO should be priced at top end: sources
Saudi Aramco’s bookrunners have recommended the oil giant should price its initial public offering at 32 riyals ($8.5) per share, the top of an indicative...
Wall Street opens higher as report revives trade deal hopes
U.S. stocks opened higher on Wednesday after a report that the United States and China were moving closer to signing a ‘phase-one’ trade deal....
U.S. private sector job growth at six-month low in November: ADP
U.S. private-sector job growth unexpectedly slowed to its weakest pace in six months in November, and goods producers and construction firms cut jobs, a private...