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Stocks rebound on China trade deal indication, bonds fall

2 months ago DieselGasoil Comments Off on Stocks rebound on China trade deal indication, bonds fall
NEW YORK (Reuters) – Equity markets in Europe and the United States climbed and safe-haven bond prices fell on Wednesday after the White House said it had received an indication from China that it wanted to make a trade deal with the United States that had appeared on the brink of unraveling. Traders work on Read More

Huawei says detained CFO to seek extradition stay, rights violated

2 months ago DieselGasoil Comments Off on Huawei says detained CFO to seek extradition stay, rights violated
Huawei’s Financial Chief Meng Wanzhou leaves her family home flanked by private security in Vancouver, British Columbia, Canada, May 8, 2019. REUTERS/Lindsey Wasson VANCOUVER/NEW YORK (Reuters) – Huawei said on Wednesday that it will seek to stay extradition proceedings against its detained chief financial officer, saying her business activities were conducted with the full knowledge Read More

Uber drivers go on strike in London and New York ahead of IPO, early protests sparse

2 months ago DieselGasoil Comments Off on Uber drivers go on strike in London and New York ahead of IPO, early protests sparse
LONDON/NEW YORK (Reuters) – Uber drivers in London and New York started a series of multi-city strikes on Wednesday to protest the disparity between gig-economy conditions and the sums that investors are likely to make in Friday’s blockbuster stock market debut. Protests were sparsely attended in London and New York, and rides appeared easily available Read More

Trump ‘happy’ to keep tariffs on Chinese goods; Beijing threatens retaliation

2 months ago DieselGasoil Comments Off on Trump ‘happy’ to keep tariffs on Chinese goods; Beijing threatens retaliation
WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday he would be happy to keep tariffs on Chinese imports, prompting Beijing to threaten retaliation, as the world’s two largest economies prepared to resume talks to end a trade war that has roiled global supply chains and financial markets. FILE PHOTO: U.S. President Donald Trump Read More

Huawei CFO Meng arrives in Canada court for pre-extradition hearing

2 months ago DieselGasoil Comments Off on Huawei CFO Meng arrives in Canada court for pre-extradition hearing
VANCOUVER/NEW YORK (Reuters) – Huawei Chief Financial Officer Meng Wanzhou arrived in a Canadian courtroom on Wednesday to begin what is expected to be a long legal battle against the United States’ request that she be extradited to face fraud charges. Huawei’s Financial Chief Meng Wanzhou leaves her family home flanked by private security in Read More

JPMorgan shareholders advised to vote against executive compensation: ISS

2 months ago DieselGasoil Comments Off on JPMorgan shareholders advised to vote against executive compensation: ISS
FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/Files/File Photo NEW YORK (Reuters) – Shareholders of JPMorgan Chase & Co were advised to vote against the bank’s executive compensation at its annual shareholder meeting by the proxy advisory group Read More

U.S.-China Trade Conflict Reignites

2 months ago DieselGasoil Comments Off on U.S.-China Trade Conflict Reignites
After a drastic downturn in U S pre markets to start the week yesterday based on a new threat to the ongoing U S China trade deal by President Trump domestic indexes finished lower Monday but well above the big losses we were looking at early in the day Cooler Read More

Earnings Data Deluge

2 months ago DieselGasoil Comments Off on Earnings Data Deluge
No major economic data is expected before today s opening bell and tensions persist over the current stage in the U S China trade war As a result we re seeing pre market futures down for a third straight session Chinese officials arrive in Washington DC today to help salvage Read More

Wall St. struggles for direction as crucial trade talks loom

2 months ago DieselGasoil Comments Off on Wall St. struggles for direction as crucial trade talks loom
(Reuters) – U.S. stocks flitted between gains and losses on Wednesday, as investors digested a mixed flow of news on trade, ahead of a critical round of talks between the United States and China. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 8, 2019. REUTERS/Brendan McDermid Read More

Walmart raises U.S. tobacco purchase age to 21 starting in July

2 months ago DieselGasoil Comments Off on Walmart raises U.S. tobacco purchase age to 21 starting in July
WASHINGTON (Reuters) – Walmart Inc said on Wednesday it will raise the minimum age to purchase tobacco products to 21 across its U.S. stores starting July 1, responding to a move by the U.S. Food & Drug Administration to battle a surge in teenage use of e-cigarettes. FILE PHOTO: Walmart’s logo is seen outside one Read More