Friday 21 September 2018

Daily Investor Update: Blackstone looks to manage $1 trillion by 2026

Reuters.com Newsletter

Blackstone looks to manage $1 trillion by 2026

Blackstone Group LP , the world's largest manager of alternative investments such as private equity and real estate, said on Friday it could be overseeing $1 trillion in assets by 2026.

Nasdaq says Nordic trader whose deals went sour agrees to sell personal assets

Nasdaq's Nordic commodities exchange has reached agreement on the sale of assets belonging to a private trader who defaulted on his commitments last week, it said on Friday.

Dissected new iPhones reveal Intel, Micron, Toshiba parts

Apple Inc's latest iPhones use components made by Intel Corp , Micron Technology , and Toshiba , among others, according to two firms that cracked open iPhone Xs and Xs Max models.

Receding trade fears propel stocks to six-month peak

The U.S. dollar rebounded and world shares hit a six-month high on Friday after China's moves to boost domestic consumption bolstered a rally driven by investor bets the latest U.S.-China trade fracas was unlikely to dent global growth.

Adviser says U.S. close to Mexico-only NAFTA deal, Canada unmoved

The United States is getting "very, very close" to having to move forward on its trade deal with Mexico without Canada, White House economic adviser Kevin Hassett said on Friday.

Farfetch tops price range in IPO in boon to luxury market

Farfetch priced its shares above its targeted range on Friday in a New York flotation that values the online luxury retailer at over $5.8 billion and underscores how big a bet web sales have become for high-end brands.

S&P 500, Dow hit new highs ahead of index reshuffle

The S&P 500 and Dow reached record highs on Friday ahead of Monday's major sector reshuffle, capping a week that largely shrugged off trade worries.

Caterpillar leans on old playbook to cope with Trump tariffs

Six months into the U.S. tariffs on imported aluminum and steel, Caterpillar Inc is finding that one of the best ways it can protect profits is a cost cutting strategy that is more than two years old.

White House optimistic on China trade; no date for more talks

The United States is optimistic about finding a way forward in its trade dispute with China, but it does not have a date scheduled for further talks as it assesses Beijing's response to the latest round of tariffs, a senior White House official said on Friday.

U.S. agency accuses Walmart of pregnancy discrimination in lawsuit

The U.S. Equal Employment Opportunity Commission on Friday filed a lawsuit accusing Walmart Inc of forcing pregnant workers at a Wisconsin warehouse to go on unpaid leave and denying their requests to take on easier duties.

Related Videos

Introducing the all-new
Reuters News app

The new Reuters News app is here, redesigned from the ground up to fit your busy life.

Get it now on iOS