By Julien Ponthus LONDON, Sep 24 : European stock markets traded in negative territory on Monday as fears of an escalating trade row between the United States and China spread from Asian markets, while oil rallied as U.S. sanctions restricted Iranian crude exports. The benchmark index for euro zone blue chips retreated 0.4 percent, while […]
Category: Reuters
Asian firms shuffle production around the region as China tariffs hit
By Ju-min Park and Makiko Yamazaki SEOUL/TOKYO, Sep 23 : A growing number of Asian manufacturers of products ranging from memory chips to machines tools are moving to shift production from China to other factories in the region in the wake of U.S. President Donald Trump’s tariffs on Chinese imports. Companies including SK Hynix of […]
Merkel acknowledges mishandling of spymaster dispute
By Joseph Nasr BERLIN, Sep 24 : Conservative Chancellor Angela Merkel on Monday acknowledged public misgivings about her handling of a dispute over the future of Germany’s spymaster and said she would pour her energy into issues that matter more for Germans. The protracted row over the future of the head of the BfV intelligence […]
Dollar snaps losing streak; pound bounces
By Saikat Chatterjee LONDON, Sep 24 : The dollar edged higher on Monday, snapping a two-week losing streak, as investors bought the greenback before a widely expected interest rate hike by the U.S. central bank this week while trade war concerns checked investor appetite for risk. The dollar had struggled as trade war concerns faded […]
Gloom in the newsroom as Hungary’s independent media recedes
By Marton Dunai BUDAPEST, Sep 24 : The new owners of the largest independent news outlet in Hungary say they will not meddle in its editorial policies. Reporters at Index.hu are far from sure, and recent history shows why. Dozens of newspapers, radio and television stations critical of Prime Minister Viktor Orban have changed hands […]
Yen gets brief lift as China cancels trade talks, releases white paper
By Wayne Cole SYDNEY, Sep 24 : The safe-haven Japanese yen blipped briefly higher on Monday as investors reacted to news China had cancelled trade talks with the United States, just as the latest round of two-way tariffs kicked in. The trade-exposed Australian dollar went the other way, taking an early hit after China also […]