Yuri Kageyama, Ap Business Writer Updated 1:17 am PST, Wednesday, December 12, 2018 A man walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at the Korea Exchange in Seoul, South Korea, Wednesday, Dec. 12, 2018. Asian shares rose Wednesday amid hopes for U.S.-China trade talks. less A man walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at the Korea Exchange in Seoul, South Korea, Wednesday, Dec. 12, 2018. Asian shares rose Wednesday amid hopes for U.S.-China ... more Photo: Lee Jin-man, AP Photo: Lee Jin-man, AP Image 1 of / 5 Caption Close Image 1 of 5 A man walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at the Korea Exchange in Seoul, South Korea, Wednesday, Dec. 12, 2018. Asian shares rose … [Read more...] about Hopes for US-China trade talks help push world shares higher
Trade
Trade optimism lifts European shares towards second day of gains
LONDON (Reuters) - European shares opened higher on Wednesday and were set for a second day of gains as sentiment towards the Sino-US trade dispute lifted after U.S. President Donald Trump sounded upbeat about a deal in a Reuters interview.The Euro zone STOXXE <.STOXXE> index was up 0.7 percent at 0829 GMT with most bourses across the continent in the black. gi Despite the general upbeat mood, trading updates from retailers saw the overall sector fall 1 percent. Shares of Zara owner Inditex <ITX.MC> fell 6 percent as sales and profit growth came below market expectations. A profit warning for British fashion retailer Superdry <SDRY.L> saw its shares lose close to 30 percent of their market value. Also in Britain, Dixons Carphone <DC.L>, the electricals and mobile phone retailer, lost close to 10 percent after reporting a statutory first-half pretax loss of 440 million pounds after booking 490 million pounds of exceptional charges, mainly related to goodwill. … [Read more...] about Trade optimism lifts European shares towards second day of gains
Hopes for US-China trade talks help push Asian shares higher
Yuri Kageyama, Ap Business Writer Updated 12:06 am PST, Wednesday, December 12, 2018 A man walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at the Korea Exchange in Seoul, South Korea, Wednesday, Dec. 12, 2018. Asian shares rose Wednesday amid hopes for U.S.-China trade talks. less A man walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at the Korea Exchange in Seoul, South Korea, Wednesday, Dec. 12, 2018. Asian shares rose Wednesday amid hopes for U.S.-China ... more Photo: Lee Jin-man, AP Photo: Lee Jin-man, AP Image 1 of / 5 Caption Close Image 1 of 5 A man walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at the Korea Exchange in Seoul, South Korea, Wednesday, Dec. 12, 2018. Asian shares rose … [Read more...] about Hopes for US-China trade talks help push Asian shares higher
Trump: I could swap Huawei chief financial officer’s freedom for a China trade deal
President Trump has said he would intervene in the case of Huawei's chief financial officer, who is wanted by the US Justice Department, if it could help close a trade deal with China. Meng Wanzhou has been granted bail by a Canadian court.She was arrested in Canada on 1 December at the request of the US.The 46-year-old is accused of misleading multinational banks about Iran-linked transactions, putting the banks at risk of violating US sanctions.Beijing has expressed outrage over Meng's detention in Vancouver, ratcheting up tensions in the US-China trade dispute.After three days of hearings, a British Colombia justice granted bail of 10m Canadian dollars (US$7.5m, £5.9m) to Meng, but required her to wear an ankle bracelet, surrender her passports and to stay inside her Vancouver home from 11pm to 6am.The decision was met with applause in the packed courtroom, where members of Vancouver's Chinese community had turned out to show support for Meng.But in interview with Reuters, … [Read more...] about Trump: I could swap Huawei chief financial officer’s freedom for a China trade deal
Detroit Tigers will trade Nicholas Castellanos. But when?
Anthony Fenech Detroit Free Press Published 8:46 PM EST Dec 11, 2018 LAS VEGAS – It probably won’t happen this week. Might not even happen this month. Maybe, come early February, right fielder Nicholas Castellanos will report to Lakeland, Fla., for his seventh season with the Detroit Tigers. But at some point between now and the July 31 non-waiver trade deadline, the Tigers are going to trade Castellanos. As of Tuesday night, they weren’t close to that point, though general manager Al Avila, without acknowledging Castellanos by name, did acknowledge the Tigers had been discussing possible trades with several teams during the first two days of Winter Meetings. Asked what trades were being discussed and with which teams, Avila said, “I’m not going to tell you all that stuff, but you can imagine.” It doesn’t take much of an imagination to envision Castellanos in another uniform next season. Coming off a career-best season … [Read more...] about Detroit Tigers will trade Nicholas Castellanos. But when?