Latest news from Channelnewsasia.com - Business feed

Latest news from Channelnewsasia.com - Business feed

  1. Slide in US infrastructure stocks sign of 'Trump trade' weakness

    If the swoon this week in financials was one sign of the Trump trade running out of fuel, recent weakness in transportation and infrastructure shares is…
  2. Healthcare bill woes could cause stocks correction: Blackstone's Wien

    Hurdles to getting a key U.S. healthcare bill approved could precipitate a correction for stocks, said Byron Wien, veteran investor and vice chairman of Blackstone Advisory…
  3. China's ZTE Corp pleads guilty in US court in sanctions case

    Chinese telecom equipment maker ZTE Corp on Wednesday pleaded guilty in U.S. federal court in Texas for illegally shipping U.S. goods and technology to…
  4. Canada unveils wait-and-see budget amid US policy uncertainty

    Canada's Liberal government unveiled a stay-the-course budget on Wednesday that targeted export growth and some measure of tax reform but did little to whittle away at deficits even as it backed off from an explicit pledge to improve the debt…
  5. With Sears' future in doubt, vendors begin pulling back

    Sears Holdings Corp's disclosure that it could lack the financial strength to continue as a going concern is turning attention to the key difference maker for any cash-strapped retailer:…
  6. US stocks steady ahead of congressional health vote

    US stocks finished mostly higher on Wednesday, shaking off the prior session's rout, ahead of a key congressional vote seen as a proxy for the policy agenda of President Donald…
  7. Trump Tantrum looms on Wall Street if healthcare effort stalls

    The Trump Trade could start looking more like a Trump Tantrum if the new U.S. administration's healthcare bill stalls in Congress, prompting worries on Wall Street about tax cuts and other measures aimed at promoting economic…
  8. Verizon, AT&T suspend ads from Google over offensive videos

    U.S. wireless carriers Verizon Communications Inc and AT&T Inc said on Wednesday they have suspended some digital advertising from Google and YouTube because of concerns that their ads may have run next to offensive…
  9. Verizon says it has suspended some digital advertising

    Verizon has suspended digital advertising outside of spots that show up in searches, citing brand safety concerns, the number one U.S. wireless carrier said on…
  10. Hospital, Medicaid insurer shares set for volatility as health vote nears

    The slumping U.S. healthcare stocks at the center of efforts to dismantle the Affordable Care Act are expected to stay volatile as Republican legislation heads into a vote on Thursday that could signal how protracted their battle to repeal the law will…
  11. If healthcare vote fails, would jeopardize 'Trump trades': Gundlach

    If the U.S. healthcare legislation overhaul is not passed, or is postponed, it will put "a lot of doubt" on the "Trump trades," which include higher U.S. equities and bond yields, DoubleLine Capital Chief Executive Jeffrey Gundlach said on…
  12. About 17,000 AT&T workers in California and Nevada go on strike

    About 17,000 AT&T Inc workers in California and Nevada went on strike on Wednesday, alleging that the company violated contract terms by forcing employees to do work outside their areas of…
  13. Britain 'must settle accounts' before leaving EU: Barnier

    Britain must reach a deal on what it owes the European Union before talks can start on a post-Brexit trade deal, the EU's negotiator Michel Barnier said on…