Analysis-Headwinds hit Trump-fueled rally in US stocks
By Lewis (JO:LEWJ) Krauskopf NEW YORK (Reuters) – A U.S. stock rally fueled by Donald Trump’s election victory is stumbling, as investors contend with everything from renewed inflation worries to uncertainty over the impact of the president-elect’s policies. The S&P…
European oil giants step back from renewables path
By Ron Bousso LONDON (Reuters) – Almost five years ago, BP (NYSE:BP) embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to…
Japan stocks lower at close of trade; Nikkei 225 down 1.05%
Investing.com – Japan stocks were lower after the close on Monday, as losses in the Real Estate, Shipbuilding and Financial Services sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 1.05%. The best performers of the…
Alibaba aims to raise $5 billion in dual currency bond deal, sources say
By Scott Murdoch SYDNEY (Reuters) -China’s biggest e-commerce company Alibaba (NYSE:BABA) Group is aiming to raise $5 billion in multi-tranche dollar and offshore Chinese yuan bonds, according to two sources with direct knowledge of the matter. The company confirmed plans…
Taiwan, democracy, development are China’s ‘red lines’, Xi tells Biden
BEIJING (Reuters) – China’s President Xi Jinping told his U.S. counterpart Joe Biden that the issues of Taiwan, democracy, human rights and rights to development are “red lines” for China and not to be challenged, the official state media Xinhua…
Australia PM Albanese says relationship with Trump off to ‘very good’ start
SYDNEY (Reuters) -Australia Prime Minister Anthony Albanese said his relationship with U.S. President-elect Donald Trump has had a “very good beginning”, elaborating on a phone call between the pair after the Republican’s U.S. election win. Albanese this week said he…