Market Pulse - Currencies
PayPal to acquire Honey Science Corporation for $4bn
PayPal announced late on Wednesday a deal to acquire Honey Science Corporation for $4. 0bn.
Signing of Hong Kong bill could sour US-China trade relations
US-China relations will sour if President Donald Trump signs a pro-Hong Kong rights bill into law and could possibly negatively impact the ongoing bilateral trade talks aimed to reaching a so-called “phase one” deal.
Google to review limits of political ad targeting
Google is set to review its political advertising rules ahead of the UK and US elections to try to limit the ability of advertisers to target political demographics and decide how to take action against “demonstrably false" claims.
US-China trade deal may not be completed in 2019
The US and China may not ink a preliminary trade deal before year-end as Beijing holds out for an agreement on rolling back some of the levies which have been imposed on its exports and Washington ups its own demands in response.
Qiagen surges after confirming potential takeover talks
Shares in Qiagen jumped on Monday after the genetic testing company said it was contemplating options that included a possible sale.
Saudi Aramco cancels plans for marketing shares in Europe
Saudi Arabia called off plans to formally market shares of its state oil company outside the kingdom and other Gulf countries in its initial public offering, reported The Financial Times.
UK home sellers pull back in November amid unusually high uncertainty, Rightmove says
Asking prices for homes in the UK dipped in November, despite a sharp drop in the number of new sellers on the back of lacklustre prices and political uncertainty, the results of a closely-followed survey revealed.
Fifteen countries outside the EU ask for Brexit trade compensation
Fifteen countries including Australia, the US, India and New Zealand have asked for trade compensation from the UK and the EU over the economic hit caused by Brexit.
US pre-open: Stocks set for slight gains ahead of barrage of economic data
Stocks on Wall Street are being called to start the Friday session with small gains following upbeat remarks from a top White House official.
US-China trade talks near successful conclusion, White House's Kudlow says
Trade talks between Washington and Beijing are nearing a successful conclusion and are now ongoing on a daily basis, the White House's top economic official said.
US final demand prices fall back by less than expected in October
Wholesale inflation fell back by less than expected in October as energy and food prices bounced back.
US pre-open: Stocks set to dip with trade talks still in focus
US futures had stocks opening lower on Thursday as market participants continued to be mainly focussed on trade developments between the world's two largest economies.
Chinese economy continued to lose momentum in October
Economic activity in the People's Republic of China continued to slow down in October, pointing to at least further mild policy easing from the country's central bank before the end of the year and an economy that was heading into 2020 with scant momentum.
Policy settings at an appropriate level, Fed's Powell says
The head of the Federal Reserve sounded a confident note on the economic outlook on Wednesday and appeared to signal that the central bank's monetary policy was likely set to remain at its current level for an extended period.
US core CPI dips unexpectedly in October
The cost of living in the US increased more quickly than expected last month amid rapid increases in food and energy prices, especially for the latter, but stripping out those two categories it surprised to the downside.
Wednesday preview: Powell speech, British Land in the spotlight
The focus on Wednesday will be on a potentially noteworthy speech that Federal Reserve chairman, Jerome Powell, is scheduled to deliver before the Joint Economic Committee of the US Congress at 1600 GMT.
Nissan shrinks forecasts after Q2 profit plunges by 70%
Nissan slashed its interim dividend and full-year forecasts on Tuesday, after reporting that falling sales had dealt a heavy blow to its second quarter profits.
US small business optimism improves in October
Confidence in the US economy rose amongst small business owners in October as recession fears eased, according to the National Federation of Independent Business.
BP CEO asks environmentalists to be 'realistic', saying fossil fuels industry is 'vital'
Bob Dudley, outgoing BP CEO said at ADIPEC in Abu Dhabi on Monday that fossil fuels companies’ efforts to secure a lower carbon future are realistic and called for environmental campaigners to remember how vital the current energy mix is to millions of people.
Bank of England stays put, but Haskel and Saunders vote for a cut
The Bank of England held off from any policy changes at its meeting on Thursday, but two members of its Monetary Policy Committee unexpectedly broke ranks and voted for a cut in Bank Rate, although they were outnumbered by their peers.