Thursday 29 November 2018

Daily Investor Update: German car bosses invited to White House on Tuesday: Handelsblatt

Reuters.com Newsletter

German car bosses invited to White House on Tuesday: Handelsblatt

The Trump administration has invited the heads of German carmakers Volkswagen , BMW and Daimler to a meeting at the White House on Tuesday to discuss trade policy, the Handelsblatt newspaper reported late on Thursday.

Exclusive: Burger chain Jack in the Box explores sale - sources

Jack in the Box Inc , a U.S. hamburger restaurant chain with more than 2,000 restaurants, is exploring options that could include a sale of the company after divesting its Qdoba brand earlier this year, people familiar with the matter told Reuters on Thursday.

U.S. trade restrictions have hit $369 billion of Chinese exports: monitoring group

U.S. trade restrictions have hit a total of $369 billion of Chinese exports this year, much higher than the $278 billion of goods impacted by tariffs alone, a regular monitoring report of G20 trade restrictions said on Thursday.

U.S. stocks turn higher on Fed minutes; dollar recovers slightly

Wall Street turned positive on Thursday after the U.S. Federal Reserve released minutes of its latest policy meeting, while the dollar rose and Treasury yields softened after investors digested recent comments by Fed Chair Jerome Powell.

Wall Street turns positive after release of Fed minutes

Wall Street eked out gains Thursday, reversing the session's earlier losses after the U.S. Federal Reserve released minutes from its November meeting in which the central bank opened the debate on when to pause further interest rate hikes.

Fed minutes: Further hike 'warranted soon,' debate opened on pause

Almost all Federal Reserve officials at their last meeting agreed another interest rate increase was "likely to be warranted fairly soon," but also opened debate on when to pause further hikes and how to relay those plans to the public.

Oil rises after Russia leans towards output cut

Oil reversed course and rose as much as 3 percent on Thursday, after industry sources said Russia had accepted the need to cut production, together with OPEC ahead of its meeting next week.

Amazon's treatment of sellers comes under scrutiny in Germany

Germany's antitrust authority has launched an investigation into whether U.S. ecommerce giant Amazon is exploiting its market dominance in its relations with third-party retailers who use its website as a marketplace.

Bayer to sell businesses, cut jobs after Monsanto deal

Bayer , the German drugmaker that bought U.S. seed company Monsanto, announced on Thursday the sale of a number of businesses, around 12,000 job cuts and 3.3 billion euros ($3.8 billion) in impairments.

U.S. consumer spending rises strongly, inflation moderates

U.S. consumer spending increased by the most in seven months in October, but underlying price pressures slowed, with an inflation measure tracked by the Federal Reserve posting its smallest annual increase since February.

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