Wednesday 21 November 2018

Daily Investor Update: Harvesting in a trade war: U.S. crops rot as storage costs soar

Reuters.com Newsletter

Harvesting in a trade war: U.S. crops rot as storage costs soar

U.S. farmers finishing their harvests are facing a big problem - where to put the mountain of grain they cannot sell to Chinese buyers.

Wall Street climbs as tech, internet stocks bounce back

U.S. stocks rose on Wednesday after a brutal two-day selloff, led by a rebound in beaten-down internet, technology and energy shares ahead of the Thanksgiving holiday.

Exclusive: Prosecutors weigh competing accounts in JD.com CEO rape allegation

On the night of Aug. 30, a 21-year-old University of Minnesota student said she was in a chauffeured black car, trying to keep billionaire JD.com Inc Chief Executive Richard Liu from pulling off her clothes.

Timeline: JD.com CEO's fateful journey to Minnesota

Richard Liu, the billionaire chief executive of JD.com Inc , traveled to Minneapolis from China in late August for a doctor of business administration program at the University of Minnesota. It ended with an allegation of rape and a criminal investigation.

Oil rebounds after prior session's slide; glut worries persist

Oil prices rose about $1 a barrel a barrel on Wednesday, bouncing from the lowest levels in months, after U.S. government data showed strong demand for refined fuel, but concerns remained over rising global crude supply.

Stocks rise on tech strength; oil bounces back from rout

World stock markets climbed on Wednesday, with earnings and gains in tech stocks lifting shares on Wall Street, and oil rebounded from a steep sell-off as U.S. government data pointed to strong demand.

Holiday wish list: U.S. states count on extra online sales tax to boost budget

Illinois, the U.S. state with the lowest credit rating on Wall Street, has often been chastised for using gimmicks to balance its budget.

Investors caught in crossfire of fight for holiday shoppers

Investors would normally be thankful for a strong U.S. economy, yet this holiday season they worry retailers may have to spend heavily to win, leaving shareholders with a lump of coal.

Nissan seeks more power in Renault alliance; governments urge stability

Nissan wants more influence in its alliance with France's Renault following the arrest of group Chairman Carlos Ghosn, arguing the structure does not adequately reflect the Japanese carmaker's size and global sales.

Abu Dhabi's IPIC files lawsuit against Goldman Sachs, others over 1MDB case

Abu Dhabi's International Petroleum Investment Co (IPIC) said on Wednesday it had filed a lawsuit against U.S. investment bank Goldman Sachs and others to recover losses suffered through its dealings with Malaysian state fund 1MDB.

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