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1 Article
Source: Common Domain

Dow on track for 8th straight weekly gain amid U.S.-China trade-talk euphoria

Today 10:49 GMT

Stocks traded near intraday highs Friday, with the Dow and the Nasdaq on track to gain for an eighth week in succession, as investors focused on continued progress in trade negotiations between China and the U.S. Expectation for talks to continue next week in Washington has added fresh hope that a resolution was near, even if the parties appeared far apart on key points.

For the week, the Dow is poised to rise 2.7%, the S&P 500 is looking at a 2.3% advance, while the Nasdaq is set to gain 2.2%.

9 Articles
Source: DW

Opinion: A new Cold War in Venezuela?

Thursday 18:11 GMT

When it comes to the crisis unfolding in Venezuela, the United States and Russia have seemingly reverted back to their Cold War rivalry.

Read more: 'Time running out for Nicolas Maduro,' Venezuela's Juan Guaido tells DW. Russian Foreign Minister Sergey Lavrov, meanwhile, has repeatedly warned against the US launching a military intervention in Venezuela. And in December 2018, Russian President Vladimir Putin ordered that two supersonic bombers be stationed in the Latin American country as a show of support.

1 Article
Source: Common Domain

U.S. stock futures lower as investors fret over economy, politics

Today 08:04 GMT

U.S. stock futures fell Friday, pointing to a softer start for Wall Street as investors braced for economic data and fresh political tensions amid a report President Donald Trump may declare a national emergency to get funding for a border wall.

Dow Jones Industrial Average futures YMH9, -0.26%  fell 122 points, or 0.5%, to 25,305, while S&P 500 futures ESH9, -0.24%  were down 11.9 points, or 0.4% to 2,731.50.

2 Articles
Source: Common Domain

Asian markets fall as uncertainty grows

Today 05:09 GMT

Asian shares were broadly lower on Friday, tracking a weak Wall Street session as traders awaited the conclusion of U.S.-China talks in Beijing.

Among individual stocks, Dai-ichi Life Holdings 8750, -4.83%   slumped in Tokyo trading, as did SoftBank Group 9984, -4.12%  and Honda 7267, -2.33%  . Casino operators Galaxy Entertainment 0027, -5.35%   and Sands China 1928, -4.55%   fell in Hong Kong, along with tech companies such as AAC 2018, -4.85%   and Sunny Optical 2382, -3.38%  .

1 Article
Source: Reuters

Seizing on Huawei's troubles, Samsung bets big on network gear

Today 08:04 GMT

Samsung Electronics is pouring resources into its telecom network equipment business, aiming to capitalize on the security fears hobbling China’s Huawei, according to company officials and other industry executives.

Those efforts include moving high-performing managers and numerous employees to the network division from its handset unit, two Samsung sources said. Potential customers are taking notice of Samsung’s efforts to reinvent itself as a top-tier supplier for 5G wireless networks and bridge a big gap with market leader Huawei and industry heavyweights Ericsson and Nokia.

1 Article
Source: Reuters

Exclusive: Alibaba in talks on stake in China operations of...

Today 04:14 GMT

Chinese e-commerce giant Alibaba Group Holding Ltd is in talks with Germany’s Metro about taking a stake in the German wholesaler’s China operations, three sources told Reuters on Thursday.

Global Commerce (EPGC), a vehicle co-owned by Kretinsky and Slovak investor Patrik Tkac, is expected to have the financing and other arrangements in place to be able to announce a tender offer for Metro as early as March, the people added.

1 Article
Source: Reuters

Exclusive: China offers to end market-distorting subsidies but...

Today 04:14 GMT

China has pledged to end market-distorting subsidies for its domestic industries but offered no details on how it would achieve that goal, according to three people familiar with the U.S.-China trade talks in Beijing this week.

China promised to bring all subsidy programs into compliance with World Trade Organization (WTO) rules, the sources said, but U.S. negotiators reacted skeptically, in part because China has long refused to disclose its subsidies.

1 Article
Source: Fox News

Venezuela unveils anti-US coalition at United Nations

Today 01:29 GMT

It was almost a who’s who of America's foes as Venezuela’s foreign minister, Jorge Arreaza, was surrounded on Thursday by some of the world’s most notorious human rights violators.

Jonathan Wachtel, a former director of communications for Ambassador Nikki Haley at the U.S. Mission to the U.N., told Fox News, “It is telling to see that these defenders of Maduro at the United Nations happen to be representatives of governments that have been accused of securing power for themselves rather than allowing the democratic process to give them legitimate power.” Wachtel continued, “History will show that their stance was an affront to the majority of Venezuelans who want a government that truly represents them”. Palestinian U.N. Ambassador Riyad Mansour, who surprised some observers by showing his support for the besieged Maduro government, told reporters that the group had signed up 50 members.

1 Article
Source: Reuters

Nvidia full-year sales outlook tops analyst views; shares rise

Today 00:34 GMT

(Reuters) - Chip maker Nvidia Corp on Thursday forecast sales for its current fiscal year that topped Wall Street expectations, sending its shares up 8 percent in late trading.

Its shares were up 8 percent to $167.40 in late trading, after closing up 1.09 percent at $154.53 in regular trade on Nasdaq.

1 Article
Source: Reuters

Big hedge funds dumped China stocks, Apple as market tumbled

Friday 22:44 GMT

Prominent hedge fund managers sold out of Chinese technology stocks and dumped Silicon Valley giants like Apple Inc and Facebook Inc while global stock markets cratered during the fourth quarter, according to securities filings released on Thursday.

Activist hedge fund Jana Partners sold out of its position in Chinese e-commerce giant Alibaba Group Holding Ltd and reduced its stake in Apple by approximately 175,000 shares, slicing its position in the company by 63 percent.

1 Article
Source: Common Domain

Jerky trading sees dollar slide as economic data, trade remain in focus

Friday 15:26 GMT

The U.S. dollar was weaker Thursday in a volatile session that was marked by a round of weaker-than-expected economic data that briefly overshadowed optimism over U.S.-China trade talks.

The ICE U.S. Dollar Index DXY, -0.19% a measure of the currency against a basket of six major rivals, first flipped in to negative territory during Thursday’s session after retail sales data for December showed an unexpected 1.2% decline, the worst drop in nine years.

1 Article
Source: Common Domain

Here’s Some Good Apple iPhone News, but There’s a Catch

Friday 15:26 GMT

That could be good news for Apple (ticker: AAPL) investors, though it doesn’t address demand issues in China that have been a major concern this year.

For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

2 Articles
Source: DW

Swedish ambassador to Beijing replaced after improper diplomatic conduct

Friday 15:26 GMT

Sweden's ambassador Anna Lindstedt was brought back from Beijing for her "incorrect" handling of unauthorized meetings over a Hong Kong bookseller.

Ambassador Anna Lindstedt returned to Stockholm on Wednesday to meet with officials from the foreign affairs ministry, the Swedish Embassy in Beijing said by phone. Sweden said on Thursday that it had replaced its ambassador to China after her "incorrect" handling of unauthorized meetings intended to help free dissident bookseller Gui Minhai.

1 Article
Source: Common Domain

Trump Today: President critical of border deal but doesn’t say he’ll reject it

Wednesday 14:30 GMT

President Donald Trump said Tuesday he wasn’t happy with an agreement in principle on border security struck by congressional negotiators, but notably didn’t say he’d reject it and predicted there wouldn’t be another government shutdown.

Speaking at a cabinet meeting, Trump said “I can’t say I’m happy” about the deal, which includes $1.38 billion to build 55 miles of new barriers along the border with Mexico.

1 Article
Source: Common Domain

Oil rises on hopes for progress on U.S.-China trade talks

Friday 12:41 GMT

Optimism centered around resolving the longstanding trade dispute with two of the biggest economies in the world has helped to support buying in oil and stocks, with futures for both the S&P 500 ESH9, +0.38% SPX, +0.30%  and the Dow Jones Industrial Average YMH9, +0.47% DJIA, +0.46%  trading firmly higher for most of the week.

Crude-oil futures were set to rise for a third consecutive day on Thursday as hope for a Sino-U.S. trade pact continued to support assets viewed as risky, including oil and equities.


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