By Gnaneshwar Rajan (Reuters) -U.S. satellite TV provider DirecTV said on Thursday it had terminated its agreement to acquire Echostar (NASDAQ:SATS)’s satellite television business, which includes rival Dish TV, over a failed debt-exchange offer. The deal would have created one of the nation’s largest pay TV distributors with a combined 20 million subscribers. For the…
MEXICO CITY (Reuters) – Chinese products are not entering the United States and Canada through Mexico, the president of the Latin American nation said on Friday, and the government will make that clear in upcoming trade meetings. “In the meetings we have with Canada and (U.S. President-elect) Trump, we’ll show that the idea that (Chinese)…
By Robert Harvey and Enes Tunagur (Reuters) -Oil prices were set for their biggest weekly rise in almost two months on Friday, gaining 4% as an intensifying war in Ukraine returned a geopolitical risk premium to the market. Brent crude futures had pared 9 cents to $74.14 a barrel by 1418 GMT. U.S. West Texas…
(Reuters) -Uncertainties around U.S. policies may slow global economic growth modestly in 2025, according to major brokerages. They expect U.S. President-elect Donald Trump’s proposed tariffs to fuel volatility across global markets, spurring inflationary pressures and, in turn, limiting the scope for major central banks to ease monetary policy. World economies and equity markets have had…
Investing.com –Â KeyBanc Capital Markets on Friday revised ratings and price target on industrial sector stocks following a mixed third quarter earnings, as companies navigate macroeconomic conditions, with management flagging about visibility into 2025. KeyBanc upgraded RBC Bearings Incorporated (NYSE:RBC) to “overweight” from “sector weight,” citing expected benefits from an aerospace rebound, robust defense demand, and…
By Balazs Koranyi FRANKFURT (Reuters) – Some of the European Central Bank’s most influential policymakers urged the European Union on Friday to resurrect long-stalled economic integration to protect its model of prosperity from a looming trade war with the United States. U.S. President-elect Donald Trump has promised to impose tariffs on most if not all…
FRANKFURT (Reuters) – Europe and the U.S. will both take a growth hit if there is a new trade war and inflation could also rise, increasing pressure on EU leaders to kick start long-delayed economic integration to insulate the bloc, Bundesbank President Joachim Nagel said on Friday. Nagel joins a long list of policymakers arguing…
Investing.com –Â Barclays on Friday lifted its target price on Walmart Inc (NYSE:WMT) stock by $12 to $90, after world largest retailer reported its third quarter earnings this week, with brokerage noting strong operational performance in the US, particularly in grocery and general merchandise, as well as ongoing expansion of its marketplace. Barclays (LON:BARC) however flagged…
Investing.com – Brent crude prices have retreated to the low-to-mid $70s a barrel, which reflects market confidence in a large 2025 surplus, according to Goldman Sachs, but the influential investment bank sees upside risks in the short term. At 08:55 ET (13:55 GMT), Brent crude traded 0.6% lower to $73.78 a barrel, 4% higher this…
(Reuters) -Honeywell will sell its personal protective equipment business to Protective Industrial Products for about $1.33 billion in cash, it said on Friday, further streamlining its business. A potential sale of the PPE business was disclosed before activist Elliott Investment called for a split of the company’s aerospace and automation businesses after taking a $5…
