The Australian dollar showed the biggest gains among regional currencies early Asia-Pacific trading, while the Chinese currency slipped to near a one-year low and the dollar steadied after comments from the Federal Reserve chairman buoyed the US currency overnight.
China-focused stocks were in positive territory in early trading on Thursday as investors shrugged off comments from Donald Trump’s chief economic adviser signalling that trade talks between Washington and Beijing had stalled.
President Donald Trump on Wednesday said he held Vladimir Putin responsible for Russian interference in the 2016 election, in another remarkable twist just two days after he had initially refused to back his own intelligence agencies over the Russian leader.
The judge who allowed AT&T to buy Time Warner ignored “basic economics,” according to a US Department of Justice filing on Wednesday that indicated the arguments with which it will attempt to unwind the $80bn merger.
Alcoa cut its full-year earnings outlook owing to the Donald Trump’s tariffs on imported aluminium higher energy costs and some operational impacts, which pushed its shares more than 5 per cent down in after-hours trading.
eBay, the online marketplace in the midst of a platform revamp, on Wednesday reported upbeat quarterly earnings driven by lower tax rate but issued weak revenue guidance for the current quarter and lowered its full-year sales outlook.
Mexico has postponed two scheduled oil auctions and a tender to find joint-venture partners for state oil company Pemex that had been due in September and October until next February, after incoming President Andrés Manuel López Obrador said he wanted to review contracts and assess the future pace of tenders, the head of Mexico’s oil regulator said.
The US Securities and Exchange Commission has voted to improve the transparency and regulatory oversight of stock market trading venues often called “dark pools”, after rising concerns that their opacity allows for predatory practices.
What goes around comes around, and then some. At the start of this week, Warren Buffett gave away $3.4bn to charity. Today, his paper net worth jumped by $4.2bn after Berkshire Hathaway’s decision to loosen its policy on buybacks pushed shares in the company up by the most in nearly seven years.