Reuters Business News

China April factory growth edges up marginally, export orders shrink: Caixin PMI

BEIJING, (Reuters) - Growth in China's manufacturing sector unexpectedly picked up in April as output quickened slightly, a private survey showed on Wednesday, though a decline in export orders reinforced risks to the outlook as firms continued to shed staff while...

Tuesday, May 1, 2018 - 11:47pm

Asian shares steady, dollar near four-month high before Fed decision

By Masayuki Kitano SINGAPORE (Reuters) - Asian equities held steady on Wednesday, while the dollar traded near a four-month high as investors await the Federal Reserve's upcoming policy statement for clues on the future pace of U.S. monetary tightening...

Tuesday, May 1, 2018 - 11:47pm

Oil steady on Iran sanction worries, but surging U.S. supplies cap market

By Henning Gloystein SINGAPORE (Reuters) - Oil prices were stable on Wednesday, supported by concerns that the United States may re-impose sanctions on major exporter Iran, although soaring U.S. supplies capped gains. Brent crude oil futures...

Tuesday, May 1, 2018 - 11:47pm

Trump trade chief wants to open China, not change its economic system

By David Lawder WASHINGTON (Reuters) - U.S. President Donald Trump's chief trade negotiator said on Tuesday he was not looking to negotiate changes to China's state-driven economic system in trade talks in Beijing this week but would seek to expose it to...

Tuesday, May 1, 2018 - 11:31pm

Euro near three-and-a-half-month lows as dollar cements gains

By Tommy Wilkes LONDON (Reuters) - The euro fell on Tuesday, heading towards a 3-1/2 month low as weaker-than-expected economic data at the start of the week dented euro zone sentiment ahead of the U.S. Federal Reserve's policy decision....

Tuesday, May 1, 2018 - 4:39am

Oil pares gains, market supported by Iran worries

By Osamu Tsukimori TOKYO (Reuters) - Oil prices held steady on Tuesday as the dollar remained near a four-month high, with crude supported by worries that U.S. President Donald Trump may pull out of the Iran nuclear deal. U.S. West Texas...

Tuesday, May 1, 2018 - 4:39am

Trump delays metal tariffs on Canada, EU, Mexico, exempts some others

By David Lawder WASHINGTON (Reuters) - U.S. President Donald Trump has postponed the imposition of steel and aluminum tariffs on Canada, the European Union and Mexico until June 1, and has reached agreements for permanent exemptions for Argentina,...

Tuesday, May 1, 2018 - 4:39am

Boom time comes early to West Texas oil patch

By Ann Saphir MIDLAND, Texas (Reuters) - In West Texas, rising oil prices are fueling a sharp economic upswing, lifting employment and pay to records, driving up spending at hotels, restaurants, and car dealerships,...

Tuesday, May 1, 2018 - 4:39am

UK factory growth sinks to 17-month low in April, further cuts chance of BoE hike in May

LONDON (Reuters) - British manufacturing growth slid to a 17-month low in April, extending a run of mediocre economic data and further reducing the chances of an interest rate hike by the Bank of England next week. Markit/CIPS UK Manufacturing Purchasing...

Tuesday, May 1, 2018 - 4:39am

U.S. postpones steel tariff decision for U.S. allies until June 1

WASHINGTON (Reuters) - President Donald Trump has postponed a decision on imposing steel and aluminum tariffs on Canada, the European Union and Mexico until June 1, and has reached an agreement in principle with Argentina, Australia and Brazil, a source familiar with the...

Monday, April 30, 2018 - 9:31pm

Japan final April factory PMI points to domestic bounce, export weakness

TOKYO (Reuters) - Japanese manufacturing activity expanded at a faster pace in April than the previous month, a revised survey showed on Tuesday, as new orders accelerated in a sign the economy is recovering from an expected rough patch in the first quarter...

Monday, April 30, 2018 - 9:31pm

U.S. stock futures pare losses after U.S. extends tariff exemptions

By Hideyuki Sano TOKYO (Reuters) - U.S. stock futures pared small losses while Asian shares were little changed on Tuesday after the U.S. extended the deadline on steel and aluminum tariffs by one month to major allies. S&P mini futures...

Monday, April 30, 2018 - 9:31pm

U.S. House may vote on Dodd-Frank changes in May: majority leader

By Lawrence Delevingne and Katanga Johnson BEVERLY HILLS, Calif./WASHINGTON (Reuters) - The U.S. House of Representatives could vote in May on a bill easing bank rules adopted after the 2007-2009 global financial crisis, a leading Republican lawmaker said on...

Monday, April 30, 2018 - 9:15pm

China eases restrictions on foreign ownership of securities ventures

BEIJING (Reuters) - China's securities regulator has released new guidelines for foreign investment in Chinese security joint ventures in which it eased some restrictions and launched an application process for more foreign ownership. The consultation period...

Sunday, April 29, 2018 - 2:42am

Ex-Wynn Resorts CEO files defamation lawsuit against former employee - WSJ

(Reuters) - Steve Wynn, who resigned in February as chief executive of Wynn Resorts Ltd <WYNN.O> following allegations of sexual misconduct, has filed a defamation lawsuit against a former employee of the casino company, the Wall Street Journal reported on Saturday...

Saturday, April 28, 2018 - 11:26pm

U.S., China trade tensions a pressing concern for Southeast Asia - Singapore PM

SINGAPORE (Reuters) - Singapore Prime Minister Lee Hsien Loong said on Saturday a mounting trade spat between the United States and China was one of the most pressing concerns for Southeast Asian nations. Lee flagged his concerns in remarks made as he...

Friday, April 27, 2018 - 11:46pm

Bank of Japan keeps policy steady, removes timeframe for price goal

By Leika Kihara and Stanley White TOKYO (Reuters) - Japan's central bank kept monetary policy steady on Friday and removed a phrase on the timeframe for achieving its 2 percent inflation target, suggesting it is no rush to reach its elusive price goal with...

Friday, April 27, 2018 - 1:06am

Oil prices edge lower, but concerns persist about Iran supplies

TOKYO (Reuters) - Oil prices edged lower on Friday, but Brent largely held its gains from the previous session amid concerns that Iran may face renewed sanctions, choking off supply. Global benchmark Brent crude futures <LCOc1> were down 29 cents, or 0...

Friday, April 27, 2018 - 1:06am

Global investors pile into China stocks ahead of MSCI index entry

By Samuel Shen and John Ruwitch SHANGHAI (Reuters) - Overseas investors are pumping billions of dollars into Chinese stocks and the country's asset managers are rushing to launch index-tracking funds in a fervent build-up to China's inclusion in MSCI's...

Friday, April 27, 2018 - 1:06am

Weak consumer spending seen restraining U.S. growth in first quarter

By Lucia Mutikani WASHINGTON (Reuters) - The U.S. economy likely slowed in the first quarter as growth in consumer spending braked sharply, but the setback is expected to be temporary against the backdrop of a tightening labor market and large fiscal...

Friday, April 27, 2018 - 1:06am