Friday 28 September 2018

Global funds raise U.S. stock holdings to three-and-a-half-year high

Reuters.com Newsletter

Global funds raise U.S. stock holdings to three-and-a-half-year high

Global investors increased holdings of U.S. equities to their highest since May 2015 in September while reducing their exposure to emerging-market assets, where a majority believe the shake-out still has some way to go.

Facebook discloses security breach affecting 50 million users

Facebook Inc said on Friday that hackers stole digital login codes allowing them to take over up to 50 million user accounts in its worst breach ever given the unprecedented level of potential access, adding to what has been a difficult year for the company's reputation.

U.S., Mexico to release trade deal text as pressure mounts on Canada

The text of the Trump administration's trade agreement with Mexico is due to be released on Friday, launching a contentious U.S. approval process as pressure mounts on Canada to join its partners in revamping the North American Free Trade Agreement.

Facebook's slide stalls Intel-led advance on Wall Street

Wall Street ended flat on Friday as gains by Intel, real estate companies and utilities offset a drop in Facebook after the social media network disclosed a security breach.

UK regulator to enquire if Facebook data breach has affected UK citizens

The UK's Information Commissioner's Office said on Friday it will make enquiries with Facebook Inc and other overseas regulators to find out if British citizens were affected by a security breach announced by the company earlier in the day.

Tesla's Musk could settle SEC suit but ready for fight: sources

Tesla Inc's Elon Musk could settle with U.S. regulators who have sued to remove him from the electric carmaker's leadership, but he is prepared to fight the securities fraud lawsuit against him in court, sources said on Friday as shares plunged about 14 percent.

Exclusive: With six months to go before Brexit, 630 finance jobs have left - Reuters survey

As few as 630 UK-based finance jobs have been shifted or created overseas with just six months to go before Brexit, a far lower total than banks said could move after Britain's surprise vote to leave the European Union, according to a new Reuters survey.

U.S. trade judge declines to block iPhone imports

A U.S. trade judge on Friday declined to block the importation of Apple Inc iPhones with chips from Intel Corp , handing a major defeat to Qualcomm Inc in its high-stakes legal dispute with the iPhone maker.

Italy budget woes hit Europe, boost dollar; Wall Street dips

The U.S. dollar rose on Friday as the euro fell on deepening worries about the Italian budget and its new higher-than-expected deficit target, which also slammed European stocks.

U.S. consumer spending rises, monthly inflation moderates

U.S. consumer spending increased steadily in August, supporting expectations of solid economic growth in the third quarter, while a measure of underlying inflation remained at the Federal Reserve's 2 percent target for a fourth straight month.

Credit Suisse is fined $10 million in U.S. over customer orders

Credit Suisse Group AG was fined $10 million on Friday by the U.S. Securities and Exchange Commission and New York Attorney General Barbara Underwood over its handling of retail customer orders, including through its dark pool.

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