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Biden and Xi have clear objectives when they meet this week at APEC summit
WASHINGTON — President Joe Biden and China’s Xi Jinping have no shortage of difficult issues to discuss when they sit down for their first talks in a year, even if expectations are low that their meeting will lead to major breakthroughs. Each leader has clear
Sentiment Shifts, Blue Sky Ahead?
Investors jumped into the bullish camp last week but is it really blue sky ahead? The Viper Report’s Tom Aspray examines the evidence. ...
NNPC Restores Production of 275,000 Barrels of Oil Per Day After Dispute Settlement
IBADAN, Nigeria--Nigeria's national oil company said on Sunday that it has settled an industrial dispute between the country's two main oil unions and TotalEnergies that restored oil production of 275,000 barrels a day in the country. A spokesman for the
U.S. again launches airstrikes against Iran-backed groups in Syria
WASHINGTON — The U.S. military conducted airstrikes on two locations in eastern Syria involving Iranian-backed groups, hitting a training location and a weapons facility, according to the Pentagon and U.S. officials. It marks the third time in a bit more than
Los Angeles braces for traffic chaos after fire damages busy I-10 near downtown
LOS ANGELES — Los Angeles motorists should expect traffic snarls indefinitely as crews assess how much damage was caused by a raging fire that closed a major elevated interstate near downtown, officials said Sunday. Hazardous materials teams were clearing
Australian Inflation to Ebb More Slowly Than Expected, Says Acting RBA Chief Economist
By James Glynn SYDNEY--Inflation pressures across Australia's economy are now expected to ease more gradually than thought just three months ago, said Marion Kohler, acting chief economist at the Reserve Bank of Australia. "Domestically sourced inflation, in
Stocks Are Poised to Fall
Stocks are poised to fall in New York on Monday ahead of a week that includes a race by lawmakers on Capitol Hill to pass a stopgap government funding bill before Friday’s deadline. At 6:15 p.m. ET on Sunday, Dow Jones Industrial Average futures were down 46
Disney’s ‘Marvels’ Opening Box Office Sales Disappoint
Walt Disney’s latest movie The Marvels failed to deliver at the box office in its opening weekend, bringing in $47 million domestically. The total was sharply lower than expectations and underscores the struggle the Hollywood studio has had with the brand
TPG Telecom Ends Discussions With Vocus Over Sale of Non-Mobile Fiber Assets
By Stuart Condie SYDNEY--TPG Telecom ended talks with Vocus over the potential 6.3 billion Australian dollars (US$4.01 billion) sale of non-mobile fiber assets, adding that it had received interest from other investors. TPG
Chancellor hints at tax cut in boost for business
Business taxes are set to fall in the Autumn Statement in a bid to stimulate growth after the economy flatlined this summer. Jeremy Hunt is reportedly planning to extend the 'full expensing' capital allowance
High hopes Burberry can end the luxury slump
Burberry shareholders will be hoping the British designer can ease concerns over a slowdown in demand for luxury goods when it updates the market this
All Provinces Fall to Bottom Half in North American Economic Freedom Rankings: Report
Canada’s trend toward greater restrictions on economic freedom could lead to a weakened economy moving forward, a
Michigan Voters Oust 5 Officials Who Backed Chinese-Linked EV Battery Plant
Voters in rural Michigan who oppose the construction of a big Chinese-owned electric vehicle (EV) battery plant in their township have
Incitec Pivot FY23 Net A$560.0M Vs. Net A$1.01B >IPL.AU
By Stuart Condie SYDNEY--Incitec Pivot reported a 45% fall in annual profit on lower commodity prices and said it will return 1 billion Australian dollars (US$636.0
ALEX BRUMMER: Green subsidies misfiring in search for growth
There is a confidence among US Democrats and Britain's Labour Party that the way forward for prosperity is the restoration of good manufacturing jobs. Yet as is being seen at British Steel in Scunthorpe and soon at Tata in Port Talbot, the replacement of blast
Top City law firm launches probe into links with slave trade
Magic Circle law firm Freshfields is the latest City institution to investigate its historical ties to slavery after Lloyd's of London last week announced a £52m investment in racial equality projects. The 280-year-old law firm is reportedly researching its
Live: ANZ posts $7.1b profit, ASX set for modest gains despite Wall Street surge
Australian shares are set to post
ANZ's FY Profit Flat, Increases Dividend -- Update
By Alice Uribe SYDNEY--ANZ Group Holdings said its annual net profit was flat on a year earlier, but the bank increased its dividend even as higher interest rates impact economic activity. The Australian major lender reported a statutory profit of 7.1 billion
This week’s October inflation data looms large on Washington’s economic radar
Inflation data, a Fed speech and a government-shutdown deadline are on the calendar this week. MarketWatch photo illustration/iStock U.S. inflation data for October is clearly the economic highlight for markets, economists and policymakers this coming week.
Rating: BUY | Stagnant to modest growth for Tata Power
By Nuvama Research In Q2FY24, Tata Power (TPWR) recorded a consolidated PAT of Rs 8.75 billion (after minority interests), reflecting a 7% y-o-y increase. The decline in coal profits was mitigated by positive developments such as (i) CGPL turning PAT positive
Boral Upgrades FY 2024 Underlying Ebit Guidance to A$300 Million-A$330 Million
By David Winning SYDNEY--Australian building materials supplier Boral raised its earnings guidance amid deepening confidence that customers would absorb price rises and
Superhero fatigue? ‘The Marvels’ flops in its opening weekend, grossing just $47 million
NEW YORK — Since 2008’s “Iron Man,” the Marvel machine has been one of the most unstoppable forces in box-office history. Now, though, that aura of invincibility is showing signs of wear and tear. The superhero factory hit a new low with the weekend launch of
ANZ Annual Profit Flat, Increases Dividend
By Alice Uribe SYDNEY--ANZ Group Holdings said its annual net profit was flat on a year earlier, but the bank increased its dividend even as higher interest rates impact economic activity. The Australian major lender reported a
Retail earnings begin this week. ‘It’s getting worse,’ an analyst says.
Considering three years of economic upheaval that have driven up prices and consumer resentment, consumer spending could be worse. When the nation’s biggest retail chains report this week — Walmart Inc., Target Corp. and Macy’s Inc. M, -1.08% are among them —
Chris Christie visits Israel, says the U.S. must show solidarity in war against Hamas
KFAR AZZA, Israel — Republican presidential hopeful Chris Christie on Sunday visited Israel, saying the U.S. must stand “shoulder to shoulder” with Israel in its war against the Hamas militant group. Christie toured a kibbutz that was ravaged in the Oct. 7
Canadian jury finds fashion mogul Peter Nygard guilty of 4 sexual assault charges
Peter Nygard, who once led a women’s fashion empire, was found guilty of four counts of sexual assault in a Canadian court on Sunday but was acquitted of a fifth count plus a charge of forcible confinement. The jury handed down the verdict on the fifth day of
San Francisco braces for protesters as APEC summit set to kick off
SAN FRANCISCO — Activists protesting corporate profits, environmental abuses, poor working conditions and the Israel-Hamas war are among those planning to march in downtown San Francisco on Sunday, united in their opposition to a global trade summit that will
Trump’s plans for a second term include deportation raids, tariffs and mass firings
NEW YORK — A mass deportation operation. A new Muslim ban. Tariffs on all imported goods and “freedom cities” built on federal land. Much of the 2024 presidential campaign has been dominated by the myriad investigations into former President Donald Trump and
Fragile global economy is at stake as U.S., China seek to cool tensions at APEC summit
WASHINGTON — The United States and China are the two global economic heavyweights. Combined, they produce more than 40% of the world’s goods and services. So when Washington and Beijing do economic battle, as they have for five years running, the rest of the
Lawmakers Have Just Days to Avert Federal Shutdown
Lawmakers return to Capitol Hill on Monday with just days left to pass a stopgap funding measure that will keep the government from shutting down on Friday. The House proposal, unveiled by Speaker Mike Johnson on Saturday, comes in two steps. The first has
