Tuesday 15 May 2018

Wall St. ends down; Dow snaps eight-day winning streak

Wall St. ends down; Dow snaps eight-day winning streak

U.S. stocks fell on Tuesday, and the Dow snapped an eight-day winning streak, after bond yields rose, strong retail sales data stoked inflation concerns and investors fretted about looming trade talks between the United States and China.

'Disbelief': Investors in Turkey stunned by Erdogan's fight with markets

"Shock and disbelief" - that's how global money managers reacted to an attempt by Turkish President Tayyip Erdogan to re-assure foreign investors about his economic management as the lira went into tailspin.

U.S. lawmakers push back on Trump talk of helping China's ZTE

WASHINGTON (Reuters) - U.S. lawmakers on Tuesday rejected any plan by President Donald Trump to ease restrictions on China's ZTE Corp , calling the telecommunications firm a security threat and vowing not to abandon legislation clamping down on the company.

Tesla plans six-day stoppage at factory for assembly line fixes: sources

SAN FRANCISCO (Reuters) - Tesla Inc will pause production at its California factory for six days at the end of the May to work on fixes to its assembly line for its new Model 3 sedan, sources inside the company told Reuters.

Berkshire Hathaway doubles Teva bet, confirms Apple purchases

(Reuters) - Warren Buffett's Berkshire Hathaway Inc on Tuesday said it has more than doubled its investment in generic drugmaker Teva Pharmaceutical Industries Ltd , and confirmed it has become Apple Inc's second-largest shareholder.

Maduro rebukes Kellogg for leaving Venezuela, gives unit to workers

CARACAS/VALENCIA (Reuters) - Venezuelan President Nicolas Maduro blasted U.S.-based cereal maker Kellogg Co on Tuesday for pulling out of the country due to the economic crisis and vowed to hand over the company's factory to workers.

Uber, Lyft scrap mandatory arbitration for sexual assault claims

(Reuters) - Ride-hailing companies Uber Technologies Inc [UBER.UL] and Lyft Inc scrapped mandatory arbitration to settle sexual harassment or assault claims, giving victims several options to pursue their claims including public lawsuits.

Mexico says NAFTA deal unlikely this week, Canada is upbeat

MEXICO CITY (Reuters) - Mexico's economy minister said that he saw diminishing chances for a new North American Free Trade Agreement ahead of a Thursday deadline to present a deal that could be signed by the current U.S. Congress.

Exclusive: China's Tianqi nears $4.3 billion deal to buy stake in Chile's SQM - sources

HONG KONG/TORONTO (Reuters) - China's Tianqi Lithium is nearing a deal to buy a 24 percent stake in Chile's Sociedad Quimica Y Minera (SQM) , one of the world's biggest lithium producers, for about $4.3 billion, two people close to the transaction said.

U.S. consumer spending picking up, gasoline prices a threat

WASHINGTON (Reuters) - U.S. retail sales increased marginally in April as rising gasoline prices cut into discretionary spending, but consumer spending appeared on track to accelerate after slowing sharply in the first quarter.

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