Metal Prices Climb as China Backs Free-Trade Zone
Metal prices rallied Monday, despite a strengthening dollar, as a pledge by China’s president to support a free-trade area in the Asia-Pacific boosted optimism about Chinese demand. Typically, a strong dollar weighs on metal prices because it makes sales to China and other emerging markets more expensive. But positive sentiment around China along with hopes that U.S. President-elect Donald Trump will boost infrastructure spending...>> view originalBritish Prime Minister to Pledge Investment Into R&D
LONDON — Britain's prime minister is expected to pledge investment into research and development as she speaks to business leaders, promising that the U.K. will be at the cutting edge of science and technology.Theresa May, in excerpts of a speech to be delivered to the Confederation of British Industry on Monday, will say that Britain will commit to investing an extra 2 billion pounds a year ($2.4 billion) by 2020.The goal is to help fuel the economy at a time when Britain is leaving the Eur..>> view originalPolice clash with North Dakota pipeline protesters, arrest one
Hundreds of protesters opposed to a North Dakota oil pipeline project they say threatens water resources and sacred tribal lands clashed with police who fired tear gas at the scene of a similar confrontation last month, officials said.An estimated 400 protesters mounted the Backwater Bridge and attempted to force their way past police in what the Morton County Sheriff's Department initially described as an "ongoing riot," the latest in a series of demonstrations against the Dakota Access Pipe..>> view originalSelf-driving car startup Nutonomy to begin road tests in Boston
Self-driving taxi startup Nutonomy is expanding its autonomous vehicle trials to roads in the U.S. after it agreed to a partnership with City of Boston and the Massachusetts Department of Transportation. Nutonomy was spun out of the MIT and is headquartered in Boston, but it initially begin trialling its ‘robo’ taxi service in Singapore in August, narrowly beating Uber — which is conducting tests in Pittsburgh — to the punch. Nutonomy’s relationship with the Singaporean government, which was p..>> view originalAixtron Rebuff Lengthens U.S. Competition Shadow
When it comes to cross-border acquisitions, it's pretty straightforward. China needs technology and Europe needs the world's second-biggest economy.But with a key U.S. government agency rejecting Fujian Grand Chip Investment Fund LP's planned takeover of Germany's Aixtron SE just days after Donald Trump's surprise election victory, struggling European firms and tech-hungry mainland Chinese companies alike may be stuck for options.Aixtron shares versus offer price-26%Whether the timing is coinci..>> view originalAPNewsBreak: US moves to block mining near Yellowstone
FILE- In this Dec. 9, 2015, file photo, Interior Secretary Sally Jewell testifies on Capitol Hill in Washington before the House Natural Resources Oversight Committee hearing on the Animas River Spill in Colorado. U.S. officials are blocking new mining ...>> view originalSymantec Is Acquiring LifeLock for $2.3 Billion
Symantec said it was acquiring U.S. identity theft protection services company LifeLock for an enterprise value of $2.3 billion. It expects to finance the transaction with cash on balance sheet and $750 million of new debt, Symantec said in a statement. Reuters first reported earlier on Sunday that Symantec was in the lead to acquire LifeLock. The deal will expand Symantec’s consumer offerings after its $4.65-billion purchase in August of Blue Coat, which helps companies maintain security over ..>> view originalAsia shares shaky as Trump bets keep emerging markets under pressure
TOKYO Asian shares were on the defensive on Monday, undermined by fears that the strength in the U.S. dollar and rising U.S. bond yields since Donald Trump's election to president could accelerate fund outflows from the region back to U.S. markets.Asian markets were steady to slightly lower, with Hong Kong's Hang Seng .HSI flat, Australian shares down 0.2 percent and South Korea's Kospi .KS11 falling 0.3 percent.But Japan's yen-sensitive Nikkei .N225 bucked the trend, rising 0.8 percent to hi..>> view originalHong Kong stocks end up, strength in China shares offsets outflow fears
SHANGHAI Nov 21 Hong Kong stocks edged up on Monday, aided by strength in the China market, but gains were caped by fears that U.S. dollar strength and rising U.S. bond yields could accelerate portfolio outflows from emerging markets.The Hang Seng index rose 0.1 percent, to 22,357.78, while the China Enterprises Index gained 1.0 percent, to 9,444.71 points.The Hong Kong market is struggling to stand on its feet after four consecutive weeks of declines, amid worries that money will move westwar..>> view originalWalmart Starting Post-Black Friday Online Sales Earlier to Fight Amazon
Walmart wmt is trotting out post-Black Friday online deals a day earlier this year to avoid any lull during the crucial upcoming shopping weekend. With its eyes firmly on Amazon.com amzn , the world’s largest retailer said on Monday it will start a new batch of what it calls “Cyber Week deals” on Friday, November 25 a minute after midnight Eastern time, to keep the momentum going. Such deals started last year on the Saturday of the long Thanksgiving holiday weekend. Walmart hasn’t ..>> view original
Tuesday, November 29, 2016
Metal Prices Climb as China Backs Free-Trade Zone and other top stories.
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