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Updated: 9 hours 32 min ago

Wall Street ends higher on trade, ECB stimulus hopes

Fri, 09/13/2019 - 04:38
Wall Street advanced on Thursday, and the S&P 500 ended the session within striking distance of its all-time closing high, buoyed by positive developments on the U.S.-China trade front and a promise of continued stimulus from the European Central Bank.

LSE board poised to decide fate of Hong Kong exchange's $39 billion offer

Fri, 09/13/2019 - 04:20
The London Stock Exchange's board will meet in coming days to decide on the Hong Kong bourse's surprise $39 billion takeover proposal, a source close to the British company said on Thursday, as the market poured cold water on the deal.

U.S. House panel wants Boeing CEO to allow employee interviews on 737 MAX crashes

Fri, 09/13/2019 - 04:14
Congress on Thursday asked Boeing Co's chief executive to make several employees available for interviews as part of a congressional probe into the design, development and certification of 737 MAX aircraft involved in two crashes that killed 346 people.

U.S. probes 553,000 Nissan Rogue SUVs for unintended emergency braking

Fri, 09/13/2019 - 03:56
The National Highway Traffic Safety Administration (NHTSA) has opened a preliminary investigation into 553,000 Nissan Rogue sport utility vehicles after reports of their automatic emergency braking systems engaging without warning or an obstruction, the agency said on Thursday.

U.S., China tariffs could lower global GDP by 0.8% in 2020: IMF

Fri, 09/13/2019 - 03:49
Tariffs imposed or threatened by the United States and China could shave 0.8% off global economic output in 2020 and trigger more losses in future years, the International Monetary Fund said on Thursday.

Trump: would consider interim trade deal with China

Fri, 09/13/2019 - 03:48
U.S. President Donald Trump told reporters on Thursday he would consider an interim trade deal with China - a step he said he has seen discussed by analysts - but said he would rather reach a larger agreement on the issues.

German CDU leader: Debt rules only allow limited fiscal leeway

Fri, 09/13/2019 - 03:39
The leader of Chancellor Angela Merkel's Christian Democrats (CDU) has poured cold water on hopes that Berlin could soften its fiscal stance and consider taking on new debt to finance a costly climate protection package.

Diageo unions demand 5% pay rise as they prepare for strikes: source

Fri, 09/13/2019 - 02:54
Unions at Diageo are demanding a 5% pay rise for workers due to go on strike in Scotland later this month and believe the stoppages will cost the drinks company 1 million pounds ($1.2 million) a day, a source familiar with the matter said.

Exclusive: Two JPMorgan metals executives put on leave amid U.S. probe - source

Fri, 09/13/2019 - 02:40
Two JPMorgan Chase & Co employees, including a top metals trading executive, have been placed on leave in response to a U.S. criminal investigation into the bank’s metals trading practices, according to a source familiar with the matter.

WeWork considering curbing Neumann's voting power to save IPO: FT

Fri, 09/13/2019 - 02:29
WeWork owner The We Company's executives, investors and advisers are discussing curbing the voting power of founder Adam Neumann and removing his wife from a role in succession planning, the Financial Times reported on Thursday, citing sources familiar with the matter.

Deutsche Bank is first to settle bond-rigging lawsuit, amid federal probe

Fri, 09/13/2019 - 02:10
Deutsche Bank AG will pay $15 million to resolve claims it conspired to rig prices of bonds issued by Fannie Mae and Freddie Mac , becoming the first of 16 financial services companies to settle litigation by investors.

Trump: U.S. agrees to delay tariff hike on some Chinese goods by two weeks

Thu, 09/12/2019 - 05:19
U.S. President Donald Trump said on Wednesday the United States has agreed to delay increasing tariffs on $250 billion worth of Chinese imports from Oct. 1 to Oct. 15 "as a gesture of good will."

Harley Davidson to lay off 40 employees in Wisconsin

Thu, 09/12/2019 - 05:06
Harley-Davidson Inc has laid off 40 employees at its general merchandise division in Milwaukee as part of a restructuring exercise, according to a company official with knowledge of the matter.

Oracle CEO Mark Hurd takes medical leave; first-quarter revenue misses

Thu, 09/12/2019 - 05:01
Oracle Corp said on Wednesday Chief Executive Officer Mark Hurd would be taking a medical leave, and the business software maker posted first-quarter revenue that missed Wall Street expectations.

AB InBev resumes exploring Budweiser listing two months after pulling out

Thu, 09/12/2019 - 05:00
Anheuser-Busch InBev said on Thursday it is continuing to explore an initial public offering in Hong Kong of its Asia Pacific unit, Budweiser Brewing Company APAC Ltd , two months after saying it will not proceed with the planned listing.

Hong Kong Exchange faces uphill battle with $39 billion bid for LSE

Thu, 09/12/2019 - 03:55
Hong Kong Exchanges and Clearing Ltd (HKEX) unveiled a $39 billion takeover approach to the London Stock Exchange Plc (LSE) on Wednesday that received a cool response from investors concerned about its regulatory and financial hurdles.

ECB to turn stimulus taps back on to prop up ailing economy

Thu, 09/12/2019 - 03:41
The European Central Bank is set to unveil fresh stimulus measures on Thursday to prop up the ailing euro zone economy, but its exact moves are far from certain and a decision that underwhelms markets risks pushing up borrowing costs.

Note to Trump: Negative rates have delivered few positive results

Thu, 09/12/2019 - 03:08
U.S. President Donald Trump tweeted with envy on Wednesday about the ultra-low, even negative interest rates in other parts of the world, berating what he called the "boneheads" at the Federal Reserve for not following suit.

Purdue Pharma reaches tentative opioid settlement with some - sources

Thu, 09/12/2019 - 02:52
OxyContin maker Purdue Pharma LP reached a tentative agreement with some plaintiffs to resolve litigation over its alleged role in fueling the U.S. opioid crisis and plans to tussle with states opposing the settlement offer in bankruptcy proceedings as soon as next week, people familiar with the matter said.

CME Group not looking to be spoiler on LSE deal, CEO says

Thu, 09/12/2019 - 02:51
CME Group Inc , the largest U.S. futures exchange operator, is not currently considering a counter bid to Hong Kong Exchanges and Clearing's $39 billion takeover approach for the London Stock Exchange , the head of the company said on Wednesday.

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