World shares edged higher on Tuesday after U.S. Treasury Secretary Steven Mnuchin confirmed that China-U.S. trade talks were due to resume in two weeks’ time. Germany’s DAX was flat at 12,346.21, while the CAC 40 in Paris rose 0.2% to 5,641.93. Britain’s FTSE 100 also edged 0.1% higher to 7,331.70. The future contracts for the …
South Korea’s African swine fever crisis intensified Tuesday with lab tests confirming the fourth case in a week from a farm near its border with North Korea. The discovery of still more cases has raised fears officials are fighting a losing battle to halt the spread of the disease that wiped out pig populations across …
Caesars Entertainment Corp. is selling the Rio All-Suite Hotel & Casino to an Imperial Cos. affiliate for $516.3 million. Caesars said Monday it will continue to run the Rio under a lease for a minimum of two years and will pay an annual rent of $45 million. Imperial Cos. has the option to pay Caesars …
World shares were mostly lower Monday as investors kept a wary eye on tensions with Iran and on prospects for a resolution of the tariffs war between China and the U.S. Germany’s DAX dropped 1% to 12,338 while the CAC 40 in Paris lost 0.9% to 5,637. Britain’s FTSE 100 gave up 0.5% to 7,308. …
Pacific Gas & Electric may cut power to more than 100,000 Californians because of hot, dry and windy conditions even as it settles claims from the deadly Northern California wildfires of 2017 and 2018. The San Francisco utility will make the decision before noon Monday on whether the controlled power outages are needed to reduce …
Stocks got a downbeat start to the week as investors kept a wary eye on tensions with Iran and on signals from China and the U.S. on prospects for a resolution of their tariffs war. The Shanghai Composite index skidded 1.3% to 2,967.01 in early trading Monday while Hong Kong’s Hang Seng fell 0.8% to …
The Federal Reserve says it will keep pumping cash into a vital but obscure corner of U.S. financial markets in coming weeks. The New York Federal Reserve Bank, which handles the central bank’s interactions with financial markets, said Friday that it will offer daily repurchase or “repo” operations of at least $75 billion through Oct. …
The latest on developments in financial markets (all times local): 12:15 p.m. Stocks are modestly higher in midday trading on Wall Street Friday, led by health care companies and banks. There was little corporate news moving markets. Many companies are finishing up their third quarters and will report earnings starting in the middle of October. …
Saudi Arabia took journalists on Friday to the site of a missile-and-drone strike on the kingdom’s oil industry that shook global energy markets over the weekend, while Kuwait raised the security levels at its ports following the attack that the U.S. alleges Iran carried out. The journalists arrived at Saudi Arabia’s Abqaiq oil processing facility, …
U.S. stocks edged higher in early trading on Friday as most sectors of the market posted small gains. The S&P 500 rose 0.3% to 3,014 and is within 12 points of all-time high. The index is headed for a fourth straight weekly gain, even after some volatility during the week caused by volatile oil prices …