Thursday 12 July 2018

Daily Investor Update: Exxon Mobil joins exodus of firms from lobbying group ALEC

Exxon Mobil joins exodus of firms from lobbying group ALEC

Exxon Mobil said on Thursday it ended its association with the American Legislative Exchange Council, a conservative political group that several other prominent U.S. corporations have left in recent years.

Wall Street jumps with technology stocks, industrials

U.S. stocks climbed on Thursday as top technology names hit record highs and industrials rebounded, offsetting worries about a U.S.-China trade war.

German state premier opposes breakup of Thyssenkrupp

The premier of the German state where Thyssenkrupp is based on Thursday backed the company's chairman in opposing a breakup of the industrial conglomerate following the resignation of CEO Heinrich Hiesinger.

Dollar gains sustained by trade war risk, rising inflation

The U.S. dollar held steady at a six-month high against the Japanese yen and a two-month high against the Swiss franc on Thursday, bolstered by solid inflation data and investor sentiment that the greenback stands to benefit from a trade war.

Fed's escape from crisis holdings could hit dead end

Not long ago the Federal Reserve expected to quietly shed nearly half of its $4.5-trillion portfolio by around 2022, leaving little trace of the extraordinary steps it took to face down the financial crisis. But an unexpected market kink could force the Fed to scrap the plan two or three years early and permanently leave it holding $1 trillion more than it wanted.

Stocks, commodities regain footing after dropping on trade worries

Stock markets around the world bounced back on Thursday, with U.S. gains led by merger activity and earnings optimism that offset concerns over an escalating U.S. trade battle with China.

Ryanair Irish pilot union announces two more one-day strikes

Ryanair's Irish pilots are planning to hold two more one-day strikes on July 20 and July 24, a spokesman for the IALPA/FORSA union told Reuters on Thursday.

UK nears decision to buy Boeing AWACS planes: sources

Britain's government is nearing a decision to buy four to six surveillance planes built by U.S. aerospace giant Boeing , sources familiar with the plans said on Thursday - a move that could stir a growing debate over UK and European defense jobs.

Intel acquires small chipmaker to bolster efforts beyond CPUs

Intel Corp said on Thursday that it plans to acquire eASIC, a small chipmaker that will help further Intel's efforts to diversify away from CPU chips.

Beijing urges U.S. firms in China to lobby Washington over trade war

China on Thursday said foreign firms operating in China would suffer in a trade war, urging U.S. companies to lobby their government to protect their interests, and said no talks to end the impasse were currently under way.

CANADA FX DEBT-C$ rebounds from 10-day low as commodity markets stabilize

The Canadian dollar strengthened against its U.S. counterpart on Thursday, rebounding from an earlier 10-day low, as oil prices steadied and investors weighed prospects of additional Ba

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