China EV Startup WM Motor Seeks Up to $1 Billion in Funds: CEO

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AMP Capital's Naeimi Says Closed Bond Positions

from Bloomberg https://ift.tt/2YrWGkg

China eyes tech sector boost with Nasdaq-style board

New listing venue takes on added significance as tech and trade war deepens

from International homepage https://ift.tt/2RLVWEg

Asia's factory activity shrinks, U.S.-China trade truce fails to brighten outlook

Factory activity shrank in most Asian countries in June as the simmering U.S.-China trade conflict put further strains on the region's manufacturing sector, keeping policymakers under pressure to deploy stronger steps to avert a global recession.

from Reuters: Business News https://ift.tt/2LtA3sc

Stocks Rise in Asia on Trade Truce, but Investors Still Signal Worries

Markets cheered the resumption of negotiations between Washington and Beijing. Still, many doubt the two sides can reach a deal anytime soon.

from NYT > Business https://ift.tt/31UHhuS

Stocks Rise in Asia on Trade Truce, but Investors Still Signal Worries

Markets cheered the resumption of negotiations between Washington and Beijing. Still, many doubt the two sides can reach a deal anytime soon.

from NYT > Business https://ift.tt/31UHhuS

Oil Supply Risk 'Big Issue' for OPEC, ANZ's Hynes Says

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Stocks relieved at trade truce, bonds step back

Stocks rallied and bonds retreated in Asia on Monday as a thaw in the Sino-U.S. trade dispute averted one threat to the global economy, leading investors to pare wagers on aggressive policy easing by the major central banks.

from Reuters: Business News https://ift.tt/2XeRJyN

Oil Jumps as OPEC+ Signals Extended Cuts, U.S.-China Hit Pause

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AmCham China 'Pleased' With Trump-Xi Talks Outcome

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Fiery Plane Crash Kills 10 People in Texas

The turboprop airplane crashed into a hangar at Addison Airport shortly after takeoff on Sunday morning.

from NYT > Business https://ift.tt/2RJHMU5

Japan Economy on 'Soft Patch,' Former BOJ Official Says

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Fiery Plane Crash Kills 10 People in Texas

The turboprop airplane crashed into a hangar at Addison Airport shortly after takeoff on Sunday morning.

from NYT > Business https://ift.tt/2IZm6Av

China PMI Shows 'Double-Dip' Definitely Here: Pendal Group

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Oil jumps on Saudi, Russia support for supply cuts

Oil prices rose more than $1 a barrel on Monday after Saudi Arabia, Russia, Iraq backed an extension of supply cuts for another six to nine months ahead of an OPEC meeting this week.

from Reuters: Business News https://ift.tt/2FKuYb5

Chinese tourism hit by trade war and renminbi depreciation

Outbound tourists spent 10% less in first quarter compared with previous year

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Asia stocks cheer trade truce, bonds retreat

Stocks rallied and bonds retreated in Asia on Monday as a thaw in the Sino-U.S. trade dispute tempered risks to the global economy, leading investors to pare wagers on aggressive policy easing by the major central banks.

from Reuters: Business News https://ift.tt/323gD2T

Trump Becomes First Sitting U.S. President to Enter North Korea

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Trump Says U.S. 'Winning' Trade War

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Monday: ISM Mfg, Construction Spending

Weekend:
• Schedule for Week of June 30, 2019

Monday:
• At 10:00 AM: ISM Manufacturing Index for June. The consensus is for the ISM to be at 51.2, down from 52.1 in May.

• At 10:00 AM: Construction Spending for May. The consensus is for a 0.1% increase in construction spending.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 23 and DOW futures are up 206 (fair value).

Oil prices were up over the last week with WTI futures at $59.74 per barrel and Brent at $66.01 barrel.  A year ago, WTI was at $74, and Brent was at $77 - so oil prices are down about 20% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.70 per gallon. A year ago prices were at $2.85 per gallon, so gasoline prices are down about 6% year-over-year.

from Calculated Risk https://ift.tt/2NqU5WE

Monday: ISM Mfg, Construction Spending

Weekend:
• Schedule for Week of June 30, 2019

Monday:
• At 10:00 AM: ISM Manufacturing Index for June. The consensus is for the ISM to be at 51.2, down from 52.1 in May.

• At 10:00 AM: Construction Spending for May. The consensus is for a 0.1% increase in construction spending.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 23 and DOW futures are up 206 (fair value).

Oil prices were up over the last week with WTI futures at $59.74 per barrel and Brent at $66.01 barrel.  A year ago, WTI was at $74, and Brent was at $77 - so oil prices are down about 20% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.70 per gallon. A year ago prices were at $2.85 per gallon, so gasoline prices are down about 6% year-over-year.

from Calculated Risk https://ift.tt/2NqU5WE

Nordea Seeks New CEO to Put Revenue Drive Into a Higher Gear

from Bloomberg https://ift.tt/32511fg

OPEC+ Gravitates Toward Extending Output Cuts

from Bloomberg https://ift.tt/2JdXvqy

Deutsche Bank in wealth management hiring spree

Deutsche Bank plans to hire 300 more relationship and investment mangers for its wealth management business by 2021, as part of a plan to bulk up in areas the German lender hopes will bring steadier revenue streams.

from Reuters: Business News https://ift.tt/2YocpAP

Johnson Refuses to Rule Out Suspending Parliament: Brexit Update

from Bloomberg https://ift.tt/2JiVU2v

Network Rail bids for part of British Steel

The train track firm wants to take over the railways division of the insolvent UK steelmaker.

from BBC News - Business https://ift.tt/2ZYOk44

Bloomberg Daybreak: Middle East Full Show (06/29/2019)

from Bloomberg https://ift.tt/3033gOH

Network Rail Plans to Bid for British Steel Unit, Telegraph Says

from Bloomberg https://ift.tt/2JcdWDL

DP World to Buy Topaz Energy in $1.3 Billion Deal: Sky News

from Bloomberg https://ift.tt/2Ykbb9z

Electric cars: New vehicles to emit noise to aid safety

The EU rule for new models follows concern cars put pedestrians at risk because they are too quiet.

from BBC News - Business https://ift.tt/2YmvWSj

'Rescue train' sent to passengers of cancelled Caledonian Sleeper

The overnight service to London Euston was cancelled shortly after it left Fort William.

from BBC News - Business https://ift.tt/2FGE4Wx

Saudi Economy Expands 1.7% in First Quarter, Agency Says

from Bloomberg https://ift.tt/2YmiJZF

China to Ease Ownership Rules on Oil Exploration, Gas Pipelines

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The Long, Slow Death of Venice

from Bloomberg https://ift.tt/3209wZg

Somalia Moves Closer to Revive Oil Sector, Oil Minister Says

from Bloomberg https://ift.tt/2NiH0P8

A slow boat down the Nile

A chic version of the traditional ‘dahabiya’ takes passengers to parts the cruise ships can’t reach

from International homepage https://ift.tt/2YgcwhD

Arles’ art scene attracts international buyers

Empty buildings are being converted into chic concept stores or boutique hotels across the Unesco-listed city

from International homepage https://ift.tt/2JiKpbB

Middle East’s power struggle moves to the Horn of Africa

Gulf states are investing heavily in the region, but the crackdown in Sudan has put their interventionist policies under scrutiny

from International homepage https://ift.tt/2ZQVoj8

A Brexit storm has already hit and employers are paying

Skilled EU workers still seek UK jobs, but data from LinkedIn shows numbers falling

from International homepage https://ift.tt/2XFRhJc

PG&E Wants Changes to Wildfire Bill for Its Restructuring Plan

from Bloomberg https://ift.tt/2XLAYuE

Donald Trump holds out hope of Kim Jong Un meeting

US president says N Korean leader ‘very much wants to’ join him at demilitarised zone

from International homepage https://ift.tt/303N4Nb

China warns of long road ahead for deal with U.S. after ice-breaking talks

China and the United States will face a long road before they can reach a deal to end their bitter trade war, with more fights ahead likely, Chinese state media said after the two countries' presidents held ice-breaking talks in Japan.

from Reuters: Business News https://ift.tt/2xmpE9c

Why I gave up being a literary snob

Orla Ryan on embracing trashy novels, celebrity biographies and airport bestsellers

from International homepage https://ift.tt/2FGMYDs

China's Factory Outlook Dimmed Again in June Ahead of G-20 Truce

from Bloomberg https://ift.tt/2IY55GE

Energy Billionaire Becomes Second-Richest Thai as Company Surges

from Bloomberg https://ift.tt/2IYE4TF

Russia agrees with Saudi Arabia to extend OPEC+ oil output deal

Russia has agreed with Saudi Arabia to extend by six to nine months a deal with OPEC on reducing oil output, Russian President Vladimir Putin said, as oil prices come under renewed pressure from rising U.S. supplies and a slowing global economy.

from Reuters: Business News https://ift.tt/2KQbZzV

Heavily indebted Pemex says will merge units to save money

The board of heavily indebted Mexican state oil company Pemex [PEMEX.UL] has unanimously approved a merger of four of its subsidiaries into two units, the company said in a statement on Friday.

from Reuters: Business News https://ift.tt/2NlGZds

Trump says had an excellent meeting with China's Xi

U.S. President Donald Trump said on Saturday he had an excellent meeting with Chinese President Xi Jinping, as good as it was going to be.

from Reuters: Business News https://ift.tt/2XEL6VM

Meet Japan's Granny Rappers

from Bloomberg https://ift.tt/2FCCC7y

Singapore to Issue New Digital Banking Licenses to Non-Banks

from Bloomberg https://ift.tt/2JhpaH9

Julie de Libran Debuts Dress Collection

The outgoing Sonia Rykiel designer is selling the 20-style range via her own e-commerce site and MatchesFashion.com.

from The Business of Fashion https://ift.tt/2XikVor

Boeing’s Dreamliner Plant Is Said to Face Federal Inquiry

A Justice Department investigation of the 737 Max jet has widened to include a 787 factory in South Carolina where The New York Times found allegations of shoddy work and flawed quality control.

from NYT > Business https://ift.tt/2KKqCVB

Trump, Xi hold high-stakes trade war talks at G20 in Japan

U.S. President Donald Trump said on Saturday he was open to a potentially "historic" trade deal with Chinese President Xi Jinping, as they began talks that could ease tensions or plunge the world's two largest economies into a deeper trade war.

from Reuters: Business News https://ift.tt/2JcuVG5

Erdogan Says No Setback on Missile System Deliveries From Russia

from Bloomberg https://ift.tt/2YnMlGa

Trump says it would be 'monumental' if U.S. can reach deal with China

U.S. President Donald Trump said on Saturday he was open to a trade deal with Chinese President Xi Jinping that would be "monumental", as they began high-stake talks that could ease tensions or plunge the world's two largest economies into a deeper trade war.

from Reuters: Business News https://ift.tt/304I4YH

Up in the air: the global craze for skyscraper living

The rush to construct upwards has led to 1,500 tall towers being built in the past decade

from International homepage https://ift.tt/2XeC2Tu

Trump lauds Saudi prince but avoids mentioning Khashoggi

US president calls Mohammed bin Salman a ‘friend’ for cracking down on terrorist financing

from International homepage https://ift.tt/2FFgYiV

Theranos founder Elizabeth Holmes, top deputy ordered to stand trial in 2020

Theranos founder Elizabeth Holmes and her former second-in-command at the Silicon Valley blood-testing startup were ordered on Friday to stand trial next year on fraud charges stemming from their claims about the company's technology, court documents show.

from Reuters: Business News https://ift.tt/2Xd0dX7