SHANGHAI — Hong Kong stocks dropped nearly 2% on Wednesday, led by declines in property shares, as protests spread across the city. Risk appetite was also curbed by fears that U.S.-China trade talks are not making progress. ** The Hang Seng index fell 1.8% to end at 26,571.46, while the China Enterprises Index lost 1.6%

LONDON — Euro zone bond yields fell on Wednesday after U.S. President Donald Trump threatened China with further tariffs if it fails to sign a trade deal, casting a shadow over the optimism that has hurt bond markets in recent weeks. Trump said on Tuesday dangled the prospect of completing an initial trade deal with

(Bloomberg) — 3G Capital, the private equity firm that’s made a name for itself buying food giants from Kraft to Burger King, is eyeing a new frontier: elevators. The Brazilian-American investment firm is among suitors that submitted bids for Thyssenkrupp AG’s elevator unit by last week’s deadline, according to people familiar with the matter. The

(Bloomberg) — A surge in diesel demand next year following a shake-up to ship-fuel rules is forecast to boost Asian refiner profit margins, which are languishing at the lowest seasonal level in more than a decade. Processors are expected to have a “very positive” year in 2020 as refining margins for complex plants in Asia

SHANGHAI — Shanghai stocks on Wednesday hit their lowest close in more than six weeks amid mixed signals over the extent of progress made in the U.S.-China trade talks, while an escalation of violence in Hong Kong rattled sentiment. ** The blue-chip CSI300 index closed 0.1% lower at 3,899.98, while the Shanghai Composite Index ended

By Therese Raphael (Bloomberg Opinion) — The Labour Party’s Shadow Chancellor John McDonnell recently promised 55 billion pounds ($70.64 billion) of extra spending a year on investment, if elected on Dec. 12, considerably more than the 20 billion in extra annual spending on capital projects that Chancellor of the Exchequer Sajid Javid has pledged. Voters might

(Bloomberg) — The mayor of Venice said that he would declare a state of emergency as the second highest tide ever recorded hit the Italian city following heavy rains. The tide reached 187 centimeters and will have a lasting impact on the city, Mayor Luigi Brugnaro said. “These are the effects of climate change,” he

TOKYO — Japanese shares slipped on Wednesday after a keenly awaited speech from U.S. President Donald Trump disappointed investors, offering few details on progress in trade talks with China. Chaos in Hong Kong also undermined sentiment as the city prepared for more clashes, with some transport links, schools and businesses closing after an escalation of

LONDON — Global oil demand growth is expected to slow from 2025 as fuel efficiency improves and the use of electrified vehicles increases but is unlikely to peak in the next two decades, the International Energy Agency (IEA) said on Wednesday. The Paris-based IEA, which advises Western governments on energy policy, said in its annual

TOKYO — Japanese government bond prices rebounded slightly on Wednesday as U.S. President Donald Trump offered no signal of tangible progress in U.S.-China trade talks to end a trade war that has beset financial markets. Benchmark 10-year JGB futures rose 0.19 point to 152.78, having found some support near Friday’s six-month low of 152.55. The

TORONTO/MONTREAL, Nov 13 (Reuters) - Johnson & Johnson's Remicade, a blockbuster drug that treats autoimmune disorders, has steadily lost market share among patients enrolled in the Canadian province of Quebec's public drug program, even after a court ruling reinstated full coverage in January, a Reuters analysis of government data shows. The plan's administrator stopped covering Remicade, J&J unit Janssen's version of the drug infliximab, for some new patients in February 2017, in favor of cheap near-copies called biosimilars, mainly Pfizer Inc's version of infliximab, called […]

(Bloomberg) -- Facebook Inc. held talks over several months in 2016 to determine whether to buy Musical.ly, a rival app that would eventually evolve into global teen video sensation TikTok.Facebook ultimately walked away out of concern about the app’s young user base and Chinese ownership, according to a person familiar with the matter. But its interest back then may be pertinent to current government inquiries into Facebook’s history of pursuing and buying out competitors. Discussions started three years ago when Kevin Systrom, then chief executive officer of photo-sharing […]

(Bloomberg) -- Lebanese President Michel Aoun told anti-government demonstrators to go home Tuesday, provoking a new surge of nationwide unrest in which one man was killed.Lebanon is facing one of its most serious crises since the end of 1975-1990 civil war as weeks of nationwide protests demanding the removal of a corrupt political class show little sign of ending. After appearing to lose momentum, demonstrations took an angrier turn after Aoun’s remarks as youths burned tires and closed major roads to press their demands.In a televised interview from the presidential palace in Baabda, […]

With the USD/JPY trading between retracement levels, the next move will be determined by short-term momentum. Fundamentally, this Forex pair isn’t likely to move much until Treasury yields move. Wednesday’s U.S. consumer inflation report and testimony from Federal Reserve Chairman Powell could move yields.

Q3 2019 Ferro Corp Earnings Call

Investing.com - Gold prices gained on Wednesday in Asia as traders digested the latest trade news.

GW Pharmaceuticals PLC- ADR (NASDAQ: GWPH) announced Sunday that two of its medicines have been recommended by the U.K.’s National Institute for Health and Care Excellence to receive routine reimbursement from the National Health Service. Epidiolex, known as Epidyolex in Europe, and Sativex were approved by the NHS for the treatment of epilepsy and multiple sclerosis, respectively. Doctors will be able to prescribe Epidyolex, an oral CBD solution, for children with two types of severe epilepsy, Lennox Gastaut syndrome and Dravet syndrome.

Elizabeth Warren says that Americans will spend “about $11 trillion on insurance premiums, copays, deductibles and uncovered medical expenses” over the next 10 years if the current health care system remains in place. Kaiser Health News’ Shefali Luthra took a look at that eye-opening claim and found that it appears to be a reliable estimate.In fact, the number could be a bit on the low side. Linda Blumberg, an economist at the Urban Institute, crunched the numbers and came up with an estimate of $11.7 trillion.Warren has used the spending estimate to support her argument […]

Some U.S. airlines are willing to pick up their 737 MAX jets from Boeing Co as soon as December if the Federal Aviation Administration (FAA) approves delivery of the grounded planes before new pilot training is agreed, three people with knowledge of the matter said. Hundreds of 737 MAX jets have rolled off Boeing's Seattle production line in the months since two fatal crashes on the aircraft led to a global safety ban, forcing the planemaker to park un-flown jets at facilities across Washington state until regulators approve software and training updates. Boeing on Monday said the FAA could […]

A Chinese national pleaded guilty on Tuesday to stealing trade secrets from U.S. petroleum company Phillips 66, where he worked on the research and development of next generation battery technologies, the U.S. Justice Department said. Hongjin Tan, 36, stole information regarding the manufacture of a "research and development downstream energy market product" that is worth more than $1 billion, the department said in a statement. The department identified the company where he worked as Phillips 66 in court documents filed in Oklahoma.

Trump tells many lies about the economy under his watch. This is the foundational one.

Lufthansa and the Independent Flight Attendant Organization (UFO) have agreed to continue negotiations on a collective bargaining agreement with the help of arbitration, following a two-day strike last week that forced Lufthansa to cancel 1,300 flights. Under the Nov. 12 truce, the UFO will not initiate any work stoppages and Lufthansa withdrew its legal action seeking to declare the strike illegal. Lufthansa is a major player in the air cargo sector.