Toys R Us built a kingdom and the world’s biggest toy store. Then, they lost it.

Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. In its heyday in th


Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. In its heyday in th
Toys R Us built a kingdom and the world’s biggest toy store. Then, they lost it. Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-26  Authors: lauren hirsch, eduardo munoz, jacques m chenet, corbis, getty images, scott mlyn, peter foley, bloomberg, jason alden
Keywords: news, cnbc, companies, written, toy, biggest, toys, worlds, built, went, store, lost, stores, lazarus, world, week, kingdom, important


Toys R Us built a kingdom and the world's biggest toy store. Then, they lost it.

The toy emporium that Charles P. Lazarus envisioned has been reduced to dusty floors and empty shelves.

Much has been said about the demise of the toy empire, which this week announced its plan to liquidate. There have been fingers pointed at corporate raiders, Amazon and big-box stores. All contributed to its undoing.

Ultimately, though, Toys R Us’ collapse is a story of loyalty run dry. The store in its early days fostered devotion from customers and toymakers. In the end, it lost hold on both.

Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. It didn’t invest in its stores, even as it was adding to the fleet, leaving it vulnerable when new competition moved in.

The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. By 1978, he had created a toy superstore large enough to become a public company.

In its heyday in the 1980s and 1990s, it was the most important toy store in the country, if not the world. Its strength grew as competitors Kiddie City and Child World went out of business.


Company: cnbc, Activity: cnbc, Date: 2019-01-26  Authors: lauren hirsch, eduardo munoz, jacques m chenet, corbis, getty images, scott mlyn, peter foley, bloomberg, jason alden
Keywords: news, cnbc, companies, written, toy, biggest, toys, worlds, built, went, store, lost, stores, lazarus, world, week, kingdom, important


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Oil treads water amid expected OPEC cuts, gloomy economic outlook

Oil markets lost steam on Tuesday, giving back earlier gains, as a deteriorating economic outlook and a surge in U.S. production outweighed expected supply cuts by the Organization of the Petroleum Exporting Countries (OPEC). Brent crude oil futures, the international benchmark for oil prices, were at $66.55 a barrel at 0313 GMT, down 24 cents, or 0.4 percent from their last close. U.S. crude oil production has soared by almost 25 percent this year, to a record 11.7 million barrels per day (bpd)


Oil markets lost steam on Tuesday, giving back earlier gains, as a deteriorating economic outlook and a surge in U.S. production outweighed expected supply cuts by the Organization of the Petroleum Exporting Countries (OPEC). Brent crude oil futures, the international benchmark for oil prices, were at $66.55 a barrel at 0313 GMT, down 24 cents, or 0.4 percent from their last close. U.S. crude oil production has soared by almost 25 percent this year, to a record 11.7 million barrels per day (bpd)
Oil treads water amid expected OPEC cuts, gloomy economic outlook Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: spencer platt, getty images
Keywords: news, cnbc, companies, markets, outlook, water, cuts, million, opec, production, treads, economic, supply, record, expected, amid, recent, oil, barrels, gloomy, crude


Oil treads water amid expected OPEC cuts, gloomy economic outlook

Oil markets lost steam on Tuesday, giving back earlier gains, as a deteriorating economic outlook and a surge in U.S. production outweighed expected supply cuts by the Organization of the Petroleum Exporting Countries (OPEC).

Brent crude oil futures, the international benchmark for oil prices, were at $66.55 a barrel at 0313 GMT, down 24 cents, or 0.4 percent from their last close.

U.S. West Texas Intermediate (WTI) crude futures were at $57.07 per barrel, 13 cents, or 0.2 percent, below their last settlement.

Oil prices are almost a quarter below their recent peaks in early October, weighed down by surging supply, especially from the United States.

U.S. crude oil production has soared by almost 25 percent this year, to a record 11.7 million barrels per day (bpd).

This comes amid widespread market expectations of an economic slowdown, which saw Asian stock markets tumble on Tuesday, adding to sharp losses on Wall Street during the previous day.

As a result, financial traders have become wary of oil markets, seeing further price downside risks from the soaring U.S. shale production as well as the deteriorating economic outlook.

Portfolio managers have sold the equivalent of 553 million barrels of crude and fuels in the last seven weeks, the largest reduction over a comparable period since at least 2013.

Funds now hold a net long position of just 547 million barrels, less than half the recent peak of 1.1 billion at the end of September, and down from a record 1.484 billion in January.


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: spencer platt, getty images
Keywords: news, cnbc, companies, markets, outlook, water, cuts, million, opec, production, treads, economic, supply, record, expected, amid, recent, oil, barrels, gloomy, crude


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Dollar bulls wary after cautious Fed comments, weak homebuilder report

The dollar index, a gauge of its value versus six major peers, traded marginally lower at 96.17 on Tuesday. “William’s comments are justified but are not as dovish as the comments made by Clarida and Kaplan last week. Attrill added that safe-haven buying can return to the dollar if global equities keep correcting and their volatility continues to rise. “If we see the VIX (volatility index) at 25, I would expect the dollar to pick up steam.” The pound is seen likely to trade sideways until the ma


The dollar index, a gauge of its value versus six major peers, traded marginally lower at 96.17 on Tuesday. “William’s comments are justified but are not as dovish as the comments made by Clarida and Kaplan last week. Attrill added that safe-haven buying can return to the dollar if global equities keep correcting and their volatility continues to rise. “If we see the VIX (volatility index) at 25, I would expect the dollar to pick up steam.” The pound is seen likely to trade sideways until the ma
Dollar bulls wary after cautious Fed comments, weak homebuilder report Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: matt cardy, getty images
Keywords: news, cnbc, companies, fed, comments, homebuilder, currency, dollar, index, weak, bulls, trade, report, data, week, interest, yen, cautious, wary


Dollar bulls wary after cautious Fed comments, weak homebuilder report

The dollar hovered near a two-week low against its peers on Tuesday as cautious comments by Federal Reserve officials over the global outlook and weak data at home raised questions over whether the U.S. central bank will slow down its rate increases.

Overnight, New York Fed President John Williams told a Q&A event that “We will be likely raising interest rates somewhat, but it is really in the context of a very strong economy.”

Williams noted that the Fed is not on a pre-set course and will adjust monetary policy to keep the economy strong with low inflation.

Last week, Fed Vice Chair Richard Clarida and Dallas Fed President Robert Kaplan raised concerns over a potential global slowdown that has seen markets betting heavily that the rate-hike cycle is on its last legs, even as the senior Fed officials signaled more interest rate increases.

The Fed executives’ remarks led some traders to question whether the dollar’s rally was nearing its end, with the benchmark U.S. 10 year treasury yields pulling back slightly.

The dollar index, a gauge of its value versus six major peers, traded marginally lower at 96.17 on Tuesday. The index fell nearly half a percent last week, its biggest weekly drop since late September.

However, some analysts believe the dollar can stage a comeback.

“William’s comments are justified but are not as dovish as the comments made by Clarida and Kaplan last week. The market may rethink whether it read Friday’s comments as overly dovish which may lead to a reversal in dollar weakness,” said Ray Attrill, head of currency strategy at NAB.

Attrill added that safe-haven buying can return to the dollar if global equities keep correcting and their volatility continues to rise.

“If we see the VIX (volatility index) at 25, I would expect the dollar to pick up steam.” The index is currently at 20.10.

Economists polled by Reuters still expect the Fed will raise interest rates again next month and three times next year, but a strong majority say the risk is it will slow that pace down.

The greenback was also weighed by surprisingly weak housing data, which pushed down U.S. 10 year bond yields.

U.S. homebuilders’ sentiment recorded its steepest one-month drop in over 4-1/2 years, suggesting that rising borrowing costs are squeezing the real estate sector.

Goldman Sachs strategists said in an outlook for 2019 that the greenback may decline as much as 6 percent against major peers with the U.S. economy slowing as the boost from tax cuts and easy credit fades through the year.

The Japanese yen traded flat to quote at 112.55. It had hit 112.38 earlier in the trading session, its highest level in November. But analysts think that further strength in the yen is unlikely.

“We are not seeing Japanese investors retreat from the U.S. and foreign markets…flow numbers show that Japan remains close to fully invested abroad,” said Attrill.

“This gives support to dollar/yen.”

The yen has strengthened over the last two sessions as traders rushed to the currency in the uncertainty around U.S.-China trade talks, Brexit worries, and the Italian budget standoff.

Nonetheless, the euro was well bid in early Asian trade at $1.1456. The single currency has gained two percent versus the dollar over the last five trading sessions despite the ongoing standoff between the European Union and Italy over its free-spending budget, which breaks EU fiscal norms.

Analysts have been concerned about an economic slowdown in the euro area and will be keeping a close eye on the French and German manufacturing performance data later this week.

“Recent evidence suggests that the Eurozone economy is slowing and there’s a very good chance the PMIs will confirm that. However, the single currency could easily hit 1.1500 before the data is released,” said Kathy Lien, managing director of currency strategy at BK Asset Management in a note.

Meanwhile, sterling gained 0.1 percent to trade at $1.2860.

The pound is seen likely to trade sideways until the market gets more clarity on progress in the Brexit deal.

The Australian dollar traded marginally lower at $0.7289. Minutes of the Reserve Bank of Australia’s (RBA) November policy meeting on Tuesday showed policy makers expect above-trend growth this year and next, helped by interest rates at a record low 1.50 percent.


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: matt cardy, getty images
Keywords: news, cnbc, companies, fed, comments, homebuilder, currency, dollar, index, weak, bulls, trade, report, data, week, interest, yen, cautious, wary


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European stocks set for a lower open as global markets slip

Markets in Europe are expected to follow Asia’s downbeat session, after news emerged that Nissan’s Chairman Carlos Ghosn was arrested yesterday, over allegations concerning financial misconduct. The autos giant added that there had been a number of other “significant acts of misconduct” that had been unearthed. During Europe’s Monday session, Renault shares sank – hitting their lowest level in three years. On Tuesday, shares of Nissan reacted to the news, with the stock down over 5 percent durin


Markets in Europe are expected to follow Asia’s downbeat session, after news emerged that Nissan’s Chairman Carlos Ghosn was arrested yesterday, over allegations concerning financial misconduct. The autos giant added that there had been a number of other “significant acts of misconduct” that had been unearthed. During Europe’s Monday session, Renault shares sank – hitting their lowest level in three years. On Tuesday, shares of Nissan reacted to the news, with the stock down over 5 percent durin
European stocks set for a lower open as global markets slip Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: alexandra gibbs
Keywords: news, cnbc, companies, global, slip, markets, shares, leaders, stock, investors, session, stocks, european, set, lower, week, surrounding, open, took, keeping


European stocks set for a lower open as global markets slip

Markets in Europe are expected to follow Asia’s downbeat session, after news emerged that Nissan’s Chairman Carlos Ghosn was arrested yesterday, over allegations concerning financial misconduct.

Nissan released a statement on Monday, which said that “over many years” Ghosn and board director, Greg Kelly, had been under-reporting compensation amounts to the Tokyo Stock Exchange securities report. The autos giant added that there had been a number of other “significant acts of misconduct” that had been unearthed.

During Europe’s Monday session, Renault shares sank – hitting their lowest level in three years. On Tuesday, shares of Nissan reacted to the news, with the stock down over 5 percent during the session. Investors in Europe will likely be keeping a close eye on the stock in the coming days, as new information emerges.

Market sentiment is further dampened from a weak Monday session on Wall Street, which saw the Dow Jones Industrial Average tumble almost 400 points by the close, as tech stocks took a beating.

Switching focus, Brexit continues to keep markets busy, as the U.K. government is put in the spotlight, after a series of resignations and a dramatic fall in the currency took place last week. In spite of the opposition surrounding the current draft withdrawal agreement, Prime Minister Theresa May is continuing to stand her ground on the matter, telling business leaders that this deal puts the country’s economic success above everything else.

The European Union is expected to hold a summit to discuss this agreement over the coming week, while fears that May could be facing a possible vote of no-confidence hangs in the air. Sticking with politics, investors will also be keeping an eye on any news surrounding U.S.-China trade relations, as a meeting between leaders of the both nations draws closer.


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: alexandra gibbs
Keywords: news, cnbc, companies, global, slip, markets, shares, leaders, stock, investors, session, stocks, european, set, lower, week, surrounding, open, took, keeping


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Tech shares are selling off in Asia after getting slammed on Wall Street

In Japan, shares of conglomerate Softbank declined by 4.77 percent while Nintendo dropped 5.02 percent. The report also said China would deepen its investigation into the three companies, which are the largest memory-chip manufacturers in the world. In Tuesday afternoon trade, Samsung’s stock declined by 2.18 percent while SK Hynix saw losses of 3.58 percent. In Hong Kong, shares of Chinese tech behemoth Tencent fell 3.16 percent by the end of the morning session. Electronics maker Xiaomi, on th


In Japan, shares of conglomerate Softbank declined by 4.77 percent while Nintendo dropped 5.02 percent. The report also said China would deepen its investigation into the three companies, which are the largest memory-chip manufacturers in the world. In Tuesday afternoon trade, Samsung’s stock declined by 2.18 percent while SK Hynix saw losses of 3.58 percent. In Hong Kong, shares of Chinese tech behemoth Tencent fell 3.16 percent by the end of the morning session. Electronics maker Xiaomi, on th
Tech shares are selling off in Asia after getting slammed on Wall Street Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: eustance huang
Keywords: news, cnbc, companies, getting, shares, declined, stock, saw, sk, hynix, chinese, wall, tech, slammed, selling, report, fell, street, electronics, asia


Tech shares are selling off in Asia after getting slammed on Wall Street

In Japan, shares of conglomerate Softbank declined by 4.77 percent while Nintendo dropped 5.02 percent.

South Korea’s Samsung Electronics and SK Hynix also fell on the back of a report from the Financial Times that Chinese authorities have alleged “massive evidence” of antitrust violations by the two chipmakers and Micron Technology. The report also said China would deepen its investigation into the three companies, which are the largest memory-chip manufacturers in the world.

In Tuesday afternoon trade, Samsung’s stock declined by 2.18 percent while SK Hynix saw losses of 3.58 percent.

In Hong Kong, shares of Chinese tech behemoth Tencent fell 3.16 percent by the end of the morning session. Electronics maker Xiaomi, on the other hand, saw its stock gain 4.71 percent after the company reported that it had swung to a net profit in the third quarter.

— CNBC’s Michael Sheetz and Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: eustance huang
Keywords: news, cnbc, companies, getting, shares, declined, stock, saw, sk, hynix, chinese, wall, tech, slammed, selling, report, fell, street, electronics, asia


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Fears that the Nissan scandal could threaten its global alliance are ‘overly alarmist’

The arrest of Carlos Ghosn, chairman of Nissan and a board member at Mitsubishi, has also thrown into question the future of the two companies’ global alliance with French automaker Renault. Ghosn was arrested Monday amid allegations of financial misconduct, sending shares of the Japanese automakers on a downward spiral on Tuesday. Nissan said in a statement Monday that “over many years,” Ghosn and board director, Greg Kelly, had been under-reporting compensation amounts to the Tokyo Stock Excha


The arrest of Carlos Ghosn, chairman of Nissan and a board member at Mitsubishi, has also thrown into question the future of the two companies’ global alliance with French automaker Renault. Ghosn was arrested Monday amid allegations of financial misconduct, sending shares of the Japanese automakers on a downward spiral on Tuesday. Nissan said in a statement Monday that “over many years,” Ghosn and board director, Greg Kelly, had been under-reporting compensation amounts to the Tokyo Stock Excha
Fears that the Nissan scandal could threaten its global alliance are ‘overly alarmist’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: eustance huang, akio kon, bloomberg, getty images, -richard hilgert
Keywords: news, cnbc, companies, global, ghosn, compensation, yearsnissan, billion, japanese, arrested, threaten, board, remove, mitsubishi, alliance, nissan, alarmist, fears, yen, scandal, overly


Fears that the Nissan scandal could threaten its global alliance are 'overly alarmist'

The arrest of Carlos Ghosn, chairman of Nissan and a board member at Mitsubishi, has also thrown into question the future of the two companies’ global alliance with French automaker Renault. But analysts say that’s not likely.

Ghosn was arrested Monday amid allegations of financial misconduct, sending shares of the Japanese automakers on a downward spiral on Tuesday.

Nissan said in a statement Monday that “over many years,” Ghosn and board director, Greg Kelly, had been under-reporting compensation amounts to the Tokyo Stock Exchange securities report. According to Reuters, Japanese media said Ghosn had reported about 10 billion yen ($88.9 million) of annual compensation as about 5 billion yen for several years.

Nissan Chief Executive Hiroto Saikawa, said at a Monday press conference that both men had been arrested and he was planning to propose to the board on Thursday to remove them from their roles. Mitsubishi also said that it would seek to remove Ghosn, who sits on its board of directors, from his current position at the company.


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: eustance huang, akio kon, bloomberg, getty images, -richard hilgert
Keywords: news, cnbc, companies, global, ghosn, compensation, yearsnissan, billion, japanese, arrested, threaten, board, remove, mitsubishi, alliance, nissan, alarmist, fears, yen, scandal, overly


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Asia stocks mostly lower; Nissan shares plunge on chairman’s arrest

Shares of Japanese automaker Nissan fell 5.45 percent on Tuesday after its chairman, Carlos Ghosn, wasarrested a day earlier over allegations of financial misconduct. Nissan added that, with regard to Ghosn, “numerous other significant acts of misconduct have been uncovered, such as personal use of company assets.” Ghosn is also chairman and CEO of the strategic alliance between French automaker Renault, Nissan and Mitsubishi Motors. Mitsubishi Motors shares were down 6.85 percent. The broader J


Shares of Japanese automaker Nissan fell 5.45 percent on Tuesday after its chairman, Carlos Ghosn, wasarrested a day earlier over allegations of financial misconduct. Nissan added that, with regard to Ghosn, “numerous other significant acts of misconduct have been uncovered, such as personal use of company assets.” Ghosn is also chairman and CEO of the strategic alliance between French automaker Renault, Nissan and Mitsubishi Motors. Mitsubishi Motors shares were down 6.85 percent. The broader J
Asia stocks mostly lower; Nissan shares plunge on chairman’s arrest Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: eustance huang
Keywords: news, cnbc, companies, shares, chairmans, asia, ghosn, japanese, arrest, stocks, motors, lower, mitsubishi, fell, nissan, close, plunge, index


Asia stocks mostly lower; Nissan shares plunge on chairman's arrest

Shares of Japanese automaker Nissan fell 5.45 percent on Tuesday after its chairman, Carlos Ghosn, wasarrested a day earlier over allegations of financial misconduct.

The auto giant said in a statement on Monday that “over many years” Ghosn and board director Greg Kelly had been under-reporting compensation amounts to the Tokyo Stock Exchange securities report.

Nissan added that, with regard to Ghosn, “numerous other significant acts of misconduct have been uncovered, such as personal use of company assets.” The company said Ghosn had also made inappropriate investments.

In a press conference Monday, Nissan Chief Executive Hiroto Saikawa, said both men had been arrested and this Thursday he would propose to the Nissan Board of Directors to remove them from their roles.

Ghosn is also chairman and CEO of the strategic alliance between French automaker Renault, Nissan and Mitsubishi Motors. Mitsubishi Motors shares were down 6.85 percent.

The broader Japanese market also declined, with the benchmark Nikkei 225 down 1.09 percent to close at 21,583.12 and the Topix index lower by 0.73 percent to 1,625.67. In South Korea, the Kospi slipped 0.86 percent to close at 2,082.58.

The mainland Chinese markets were also lower on the day. The Shanghai composite fell 2.13 percent to close at around 2,645.85 while the Shenzhen composite shed 2.717 percent to 1,378.92. Hong Kong’s Hang Seng index declined 1.94 percent in late-afternoon trade.

Australia’s ASX 200 was down 0.38 percent to close at 5,671.8, with almost all sectors in negative territory.


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: eustance huang
Keywords: news, cnbc, companies, shares, chairmans, asia, ghosn, japanese, arrest, stocks, motors, lower, mitsubishi, fell, nissan, close, plunge, index


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Gold edges down in slow trading, muted dollar supports

Spot gold inched 0.2 percent lower to $1,221.26 per ounce at 0422 GMT. “The dollar has come under some pressure giving some support to gold.” “Great signal for gold prices which should see the dollar struggle into year-end while gold will continue to feed off Brexit and trade war risk.” Meanwhile, holdings SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.16 percent to 760.86 tonnes on Monday. Palladium was up 0.2 percent to $1,164.49 per ounce, platinum slipped 0.7 p


Spot gold inched 0.2 percent lower to $1,221.26 per ounce at 0422 GMT. “The dollar has come under some pressure giving some support to gold.” “Great signal for gold prices which should see the dollar struggle into year-end while gold will continue to feed off Brexit and trade war risk.” Meanwhile, holdings SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.16 percent to 760.86 tonnes on Monday. Palladium was up 0.2 percent to $1,164.49 per ounce, platinum slipped 0.7 p
Gold edges down in slow trading, muted dollar supports Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: getty images
Keywords: news, cnbc, companies, edges, rate, trading, dollar, slipped, weak, muted, precious, gold, ounce, supports, support, slow, pressure


Gold edges down in slow trading, muted dollar supports

Gold inched lower on Tuesday, trading in a tight range ahead of a U.S. holiday, but the metal held above the 1,220 level as the dollar was pressured by weak U.S. economic data and a clouded interest rate outlook.

Spot gold inched 0.2 percent lower to $1,221.26 per ounce at 0422 GMT.

U.S. gold futures were down 0.3 percent at $1,222.1 per ounce.

“The market is very quiet today and appears to be in a holiday mood ahead of the U.S. Thanksgiving,” said Peter Fung, head of dealing at Wing Fung Precious Metals in Hong Kong.

“The dollar has come under some pressure giving some support to gold.”

The dollar index, which measures the greenback against a basket of six major currencies, was trading near an over one-week low that it hit in the previous session.

The currency came under pressure as U.S. Federal Reserve officials cautioned on the global growth outlook and weak data at home, pointing to a potentially slower pace of rate hikes.

The Fed is still expected to raise interest rates again next month and three times next year, but a strong majority of economists polled by Reuters over the past week say the risk is it will slow that pace down.

“The Feds have changed the landscape to a more dovish terrain suggesting that they too are turning a little bit risk-averse,” Stephen Innes, APAC trading head at OANDA in Singapore, said in a note.

“Great signal for gold prices which should see the dollar struggle into year-end while gold will continue to feed off Brexit and trade war risk.”

A weaker greenback makes dollar-denominated gold cheaper for holders of other currencies.

Spot gold may test a support at $1,211 per ounce, a break below which could cause a loss to $1,202, said Reuters technical analyst Wang Tao.

Meanwhile, holdings SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.16 percent to 760.86 tonnes on Monday.

Among other precious metals, silver slipped 0.7 percent to $14.33 an ounce.

Palladium was up 0.2 percent to $1,164.49 per ounce, platinum slipped 0.7 percent to $847.30 per ounce.


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: getty images
Keywords: news, cnbc, companies, edges, rate, trading, dollar, slipped, weak, muted, precious, gold, ounce, supports, support, slow, pressure


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US companies aren’t in a hurry to leave China despite the trade war, analysts say

U.S. companies aren’t leaving China in a big way yet, despite escalating trade tensions between the two economic powerhouses, analysts said. “(I) haven’t seen any significant U.S. companies leaving China,” Rogers said in a phone interview Friday. Many hope the G-20 meeting will diffuse trade tensions between the world’s two largest economies, which this summer began to apply additional tariffs on billions of dollars’ worth of each other’s imports. The tariffs may encourage U.S. companies to step


U.S. companies aren’t leaving China in a big way yet, despite escalating trade tensions between the two economic powerhouses, analysts said. “(I) haven’t seen any significant U.S. companies leaving China,” Rogers said in a phone interview Friday. Many hope the G-20 meeting will diffuse trade tensions between the world’s two largest economies, which this summer began to apply additional tariffs on billions of dollars’ worth of each other’s imports. The tariffs may encourage U.S. companies to step
US companies aren’t in a hurry to leave China despite the trade war, analysts say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: evelyn cheng, -chris rogers, research analyst at panjiva, -nick marro, the economist intelligence unit
Keywords: news, cnbc, companies, changes, companies, china, arent, hurry, war, analysts, tensions, summit, despite, trade, say, president, rogers, meeting, tariffs, leave


US companies aren't in a hurry to leave China despite the trade war, analysts say

U.S. companies aren’t leaving China in a big way yet, despite escalating trade tensions between the two economic powerhouses, analysts said.

“A lot of companies are talking about making changes, but (are) not actively making changes,” said Chris Rogers, research analyst at Panjiva, a supply chain data company that’s part of S&P Global Market Intelligence.

“Nobody’s going to make any changes until they see how this summit goes between President Trump and President Xi,” he said referring to their upcoming meeting at the G-20 summit in Buenos Aires, Argentina on Nov. 30 and Dec. 1.

“(I) haven’t seen any significant U.S. companies leaving China,” Rogers said in a phone interview Friday.

Many hope the G-20 meeting will diffuse trade tensions between the world’s two largest economies, which this summer began to apply additional tariffs on billions of dollars’ worth of each other’s imports.

The tariffs may encourage U.S. companies to step up a trend of increasing manufacturing operations outside China, analysts said. As labor costs in China rise, many companies — including some Chinese firms — are looking toward Southeast Asian countries as new manufacturing centers.


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: evelyn cheng, -chris rogers, research analyst at panjiva, -nick marro, the economist intelligence unit
Keywords: news, cnbc, companies, changes, companies, china, arent, hurry, war, analysts, tensions, summit, despite, trade, say, president, rogers, meeting, tariffs, leave


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These jobs are set to see the most growth – and losses – in Southeast Asia

They’re the words of the moment and they all seem to suggest one thing: The future jobs market is far from certain. Estimates from the World Economic Forum predict that over the next four years, 75 million jobs will be displaced and 133 million new ones created globally as a result of technological developments. One place that’s set to feel that shift more than most is Southeast Asia. The challenge — and opportunity — then, will be to figure out which jobs are expected to hold weight in the futu


They’re the words of the moment and they all seem to suggest one thing: The future jobs market is far from certain. Estimates from the World Economic Forum predict that over the next four years, 75 million jobs will be displaced and 133 million new ones created globally as a result of technological developments. One place that’s set to feel that shift more than most is Southeast Asia. The challenge — and opportunity — then, will be to figure out which jobs are expected to hold weight in the futu
These jobs are set to see the most growth – and losses – in Southeast Asia Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-19  Authors: karen gilchrist, pakin songmor, moment, getty images, cisco, oxford economics
Keywords: news, cnbc, companies, losses, shift, transition, thats, future, roles, million, result, jobs, growth, southeast, asia, set, skills


These jobs are set to see the most growth – and losses – in Southeast Asia

Technology, automation, disruption. They’re the words of the moment and they all seem to suggest one thing: The future jobs market is far from certain.

Estimates from the World Economic Forum predict that over the next four years, 75 million jobs will be displaced and 133 million new ones created globally as a result of technological developments.

One place that’s set to feel that shift more than most is Southeast Asia.

To keep up with the pace of change, the region will try to transition from agricultural jobs to service-led roles in a few years — something that’s taken most advanced economies decades to do.

That transition could result in the displacement of 28 million full-time equivalent jobs within the region’s six leading economies in next decade, according to a new report from research firm Oxford Economics and U.S. tech company Cisco.

That number equates to roughly 10 percent of the total working population of those countries: Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.

To be sure, the shift will lead to the emergence of new careers in growing industries. But it will also cause net job losses of 6.6 million as workers lack the necessary skills to move to different roles, the study found.

The challenge — and opportunity — then, will be to figure out which jobs are expected to hold weight in the future and the skills required to secure them. CNBC Make It spoke to Cisco’s president for Southeast Asia, Naveen Menon, to find out.


Company: cnbc, Activity: cnbc, Date: 2018-11-19  Authors: karen gilchrist, pakin songmor, moment, getty images, cisco, oxford economics
Keywords: news, cnbc, companies, losses, shift, transition, thats, future, roles, million, result, jobs, growth, southeast, asia, set, skills


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