Thursday, 18 May 2017

Reuters Daily Investor Update: May 18, 2017

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Thursday, May 18, 2017
Treasury's Mnuchin: 'We do not support breaking up banks'
WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin told lawmakers on Thursday that the Trump administration does not support separating investment and commercial banks.
Wall Street rebounds from steep selloff
NEW YORK (Reuters) - Wall Street rebounded on Thursday from its biggest selloff in more than eight months with help from a move to loosen internet regulations and strong economic data.
U.S. launches probe of Boeing dumping, subsidy claims vs Bombardier
SEATTLE (Reuters) - The U.S. Commerce Department said on Thursday it is starting an investigation into claims by Boeing Co that Canadian plane maker Bombardier Inc dumped CSeries jetliners in the U.S. market and benefited unfairly from Canadian government subsidies.
Washington dreams on hold, Scaramucci revels in Las Vegas glow
LAS VEGAS (Reuters) - Anthony Scaramucci was soaking up plenty of love this week at his high-profile hedge fund conference even as his political ambitions remained in limbo.
Wal-Mart sales get boost from online growth, customer visits
CHICAGO (Reuters) - Wal-Mart Stores Inc on Thursday reported higher-than-expected quarterly sales at established U.S. stores, as investments to bring more customers into the discount retailer paid off and a bigger push into e-commerce boosted online purchases, sending its shares flirting near a 52-week high.
Wall Street rebounds from Trump-induced selloff; dollar rises
NEW YORK (Reuters) - U.S. stocks recovered ground on Thursday as stronger-than-expected U.S. economic data soothed nerves a day after U.S. biggest selloff in more than eight months, but a key index of global equity markets remained near a three-week low.
Treasury Secretary says Trump has approved new bank regulator
WASHINGTON (Reuters) - President Donald Trump has made his selection for the next full-time head of the Office of the Comptroller of the Currency, according to U.S. Treasury Secretary Steven Mnuchin.
Roger Ailes, former Fox News chief, dies at 77
NEW YORK (Reuters) - Roger Ailes, founder and former chief executive of Fox News, the cable news channel popular with conservatives that helped reshape the U.S. political landscape, has died at age 77.
Deutsche Bank wants former bosses to share past misconduct costs
FRANKFURT (Reuters) - Deutsche Bank expects former board members to contribute substantial sums toward the costs of its past misconduct as Germany's biggest lender seeks to rebuild its reputation, its chairman Paul Achleitner said.
Deutsche Bank management gets shareholder backing of its agenda at AGM
FRANKFURT (Reuters) - Deutsche Bank's management team got all it asked for in a shareholder vote on Thursday, including free reign over possible future capital increases.
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