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(Reuters) - U.S. borrowers filed the fewest applications for home refinancing in almost 18 years last week even as mortgage rates drifted lower in step with U.S. bond yields, the Mortgage Bankers Association said on Wednesday.
MILAN (Reuters) - Chocolate spread Nutella has long had pride of place on supermarket shelves but faces imminent attack from an Italian rival usually found in the pasta section.
Italy’s Barilla, known internationally for its spaghetti and maccheroni packaged in blue boxes, is preparing to launch a chocolate spread next year in a major challenge to the brand that became a global phenomenon in the 1980s, sources said.
SANTIAGO (Reuters) - LATAM Airlines (LTM.SN), the biggest airline group in Latin America, reported a steep fall in third-quarter profit due to lower passenger demand in Argentina and Brazil as well as higher fuel prices and competition from low-cost airlines.
LONDON (Reuters) - Europe’s biggest low cost airline Ryanair (RYA.I) is not seeing any impact from Brexit on demand for flights, and is prepared for a no-deal, chief marketing officer Kenny Jacobs said.
(Reuters) - Apple Inc’s biggest iPhone assembler Foxconn aims to cut 20 billion yuan ($2.88 billion) from expenses in 2019 as the company faces “a very difficult and competitive year”, Bloomberg reported on Wednesday, citing an internal memo.
GENEVA (Reuters) - China accused the United States of hypocrisy and making false claims at a World Trade Organization meeting on Wednesday, after Washington triggered litigation against China over steel tariffs and intellectual property protection.
GENEVA (Reuters) - The United States and China clashed on Wednesday at a World Trade Organization meeting with a U.S. envoy accusing Beijing of using the WTO to pursue “non-market” policies and a Chinese official saying it was Washington that was flouting the rulebook.
NEW YORK (Reuters) - Oil prices rose nearly 4 percent on Wednesday, recovering from the lowest levels in months, after U.S. government data showed strong demand for refined fuel, but concerns remained over rising global crude supply.
LONDON (Reuters) - New York’s Department of Financial Services (DFS) will end a period of monitoring of Standard Chartered (STAN.L) on Dec. 31, the DFS said on Wednesday, bringing to a close one strand of the bank’s punishment for past failings in compliance controls.
NEW YORK (Reuters) - A new normal is taking root in U.S. stock markets, and the word that best sums it up starts with a “V”.
For the second time this year, volatility has returned with a vengeance, and traders in the equity options market are betting ongoing market gyrations are not about to let up any time soon.