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Friday, 8 September 2017

Reuters Daily Investor Update: September 8, 2017

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Friday, September 8, 2017
Criticism of Equifax's data breach response mounts, shares tumble
(Reuters) - Equifax Inc shares tumbled as much as 18 percent on Friday as cyber security experts and customers criticized the consumer credit score provider's response to a hack that may have stolen personal details of up to 143 million Americans.
Jamie Dimon leaves Wall Street perch to have a say in Washington
WASHINGTON/NEW YORK (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon is starting to look like Corporate America's shadow president.
Equifax to brief U.S. congressional aides on hacking incident
WASHINGTON (Reuters) - Congressional aides will get a briefing on Friday from Equifax Inc after the company said personal details of as many as 143 million U.S. consumers were accessed by hackers between mid-May and July, in what could be one of the largest-ever data breaches in the United States.
Euro rally keeps dollar in the doldrums
NEW YORK (Reuters) - The dollar slumped near its lowest levels in more than 2-1/2 years on Friday as the euro continued to shine after European Central Bank President Mario Draghi's suggestion that the ECB may begin tapering its massive stimulus program this fall.
Thomas Cook's UK pilots threaten more strikes if pay talks fail
LONDON (Reuters) - Pilots working for British tour operator Thomas Cook will strike on three more days during September and October if talks starting next week fail to resolve a dispute over pay, the pilots' union said on Friday.
Wall Street struggles for direction as Irma threatens Florida
(Reuters) - U.S. stocks were mixed in choppy late morning trading on Friday as investors assessed the financial impact of Hurricane Harvey and tracked Hurricane Irma as it plowed toward Florida.
Will Saudi Aramco deliver world record profit for next year's IPO?
LONDON (Reuters) - When oil giant Saudi Aramco discloses its financials for the first time next year, it must either surprise investors with world record profits or reduce its aspirations for a $2 trillion valuation in its initial public offering (IPO). [IPO-ARMO.SE]
Exclusive: ECB policymakers agree on cutting stimulus - sources
FRANKFURT (Reuters) - European Central Bank policymakers agreed at their meeting on Thursday that their next step would be to begin reducing their monetary stimulus, three sources with direct knowledge of the discussion said.
Fresh China worries hit Hyundai, suppliers even as plant restarts
SEOUL/SHANGHAI (Reuters) - Shares in Hyundai Motor and its suppliers slid on Friday on fresh worries over their position in China after highly critical state newspaper comments, even as the South Korean automaker managed to get a Chinese car plant restarted.
Too soon to predict timing of next Fed rate hike: Dudley
NEW YORK (Reuters) - It is too soon to predict when the Federal Reserve should next raise U.S. interest rates as it continues to tighten policy, given "cross currents" in the economy and markets, New York Fed President William Dudley said on CNBC TV on Friday.
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