Thursday, 9 March 2017

Reuters Daily Investor Update: March 9, 2017

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Thursday, March 9, 2017
Oil prices slide more, U.S. crude below $50
NEW YORK (Reuters) - Oil prices slid nearly 3 percent on Thursday, extending the previous session's dive that brought prices to the lowest levels this year, as record U.S. crude inventories fed doubts about whether OPEC-led supply cuts would reduce a global glut.
Wall Street fights to hold on to gains as oil slips again
(Reuters) - U.S. stocks were little changed on Thursday as gains in bank stocks were countered by the second day of losses in energy shares, a day before the crucial monthly jobs report that would bolster already sky-high odds of a rate hike next week.
Mexico's new antitrust rules batter shares in Slim's America Movil
MEXICO CITY (Reuters) - Shares in Mexican billionaire Carlos Slim's telecoms company America Movil slumped on Thursday after regulators cranked up antitrust measures, forcing it to reorganize and separate some infrastructure into a new unit.
ECB's Draghi gives market flavor of optimism
FRANKFURT (Reuters) - The European Central Bank pledged on Thursday to keep its aggressive stimulus policy in place at least until the end of the year but signaled a diminishing urgency for more policy action, enough to send the euro and bond yields higher.
ECB's Draghi says G20 must reject protectionism, devaluations
FRANKFURT (Reuters) - The world's biggest economies should reaffirm their pledge to reject competitive currency devaluations and protectionism, the head of the European Central Bank said on Thursday, after rumors this commitment could be watered down.
Oil price slumps amid ample supply; equities climb
NEW YORK (Reuters) - Crude oil extended a slump amid record U.S. stockpiles on Thursday, while bets the Federal Reserve will raise interest rates next week lifted equities on Wall Street and steadied a key gauge of global equity markets after five days of declines.
Electronics store RadioShack files for bankruptcy again
(Reuters) - U.S. electronics chain RadioShack Corp filed for bankruptcy on Wednesday for the second time in a little over two years, faced with a challenging retail environment and an unsatisfying partnership with wireless provider Sprint Corp.
AIG CEO Peter Hancock to resign, Icahn cheers move
(Reuters) - American International Group Inc said on Thursday Chief Executive Peter Hancock will step down after the insurer's widening losses stung investors, including billionaire Carl Icahn.
Top investors to back Deutsche Bank despite uncertain future
FRANKFURT (Reuters) - Deutsche Bank's top three investors, who together own almost 20 percent of its stock, are likely to back its latest capital hike, people familiar with the matter said, although smaller shareholders are skeptical about its turnaround plan.
Mexico's America Movil has 65 days to propose separation plan: IFT
MEXICO CITY (Reuters) - Mexico's telecoms regulator said on Thursday that billionaire Carlos Slim's America Movil has 65 working days to present a proposal for the legal separation of a part of its fixed-line unit Telmex.
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