Tuesday 27 November 2018

Deutsche Bank mulls shake-up of high-level executives: WSJ

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Deutsche Bank mulls shake-up of high-level executives: WSJ

Deutsche Bank AG is planning a high-level shake up that could result in the departure of top executives central to its relationships with key regulators in the United States and Europe, the Wall Street Journal reported on Tuesday.

Wall Street reverses losses after White House adviser's trade remarks

The S&P 500 and the Dow Jones Industrial Average edged higher on Tuesday after White House economic adviser Larry Kudlow said a meeting between President Donald Trump and his Chinese counterpart on Saturday was an opportunity to "turn the page" on a trade war.

World stocks finish higher on China trade-deal hopes; dollar rises

Stocks on Wall Street logged modest gains on Tuesday as traders remained hopeful that the United States and China can work toward resolving their trade-related differences at the upcoming G20 Summit.

Disney, Fox deny claims in $1 billion Malaysia theme park lawsuit

Walt Disney Co and Twenty-First Century Fox Inc on Tuesday rejected claims in a Malaysia casino operator's lawsuit accusing them of abandoning a licensing contract tied to the planned construction of a Fox-branded theme park.

TransCanada asks Montana court to allow preliminary work on Keystone XL

TransCanada Corp has asked a Montana court to allow it to resume pre-construction activities on its Keystone XL oil pipeline after a U.S. judge blocked construction on the $8 billion project earlier this month.

Former Facebook worker says firm not doing enough to deal with racial discrimination

A former Facebook Inc employee who worked closely with racial minority groups said in a blog post https://www.facebook.com/notes/mark-s-luckie/facebook-is-failing-its-black-employees-and-its-black-users/1931075116975013 on Tuesday that he left this month over frustration with the social network's "systematic disenfranchisement of underrepresented voices" and other diversity issues.

Trump open to deal with Xi at dinner but with conditions: Kudlow

U.S. President Donald Trump is open to reaching a deal on U.S.-China trade irritants over dinner on Saturday with Chinese leader Xi Jinping but is ready to hike tariffs on Chinese imports if there is no breakthrough, White House economic adviser Larry Kudlow said on Tuesday.

Amazon adds antenna service for satellite data; courts space industry

Amazon.com Inc said on Tuesday it was starting a new antenna service for uploading and downloading data from satellites, in a bid to lure space industry and other customers to the cloud.

Trump threatens to cut GM subsidies in retaliation for U.S. job cuts

U.S. President Donald Trump threatened on Tuesday to cut subsidies for General Motors Co after the largest U.S. automaker said it would halt production at five plants in North America and cut nearly 15,000 jobs.

Fed official frets over risks to Apple Pay, other mobile payments

Mobile payment services such as Apple Pay could run into reimbursement problems in some instances, and fintech firms in general must be more sensitive to risks, Federal Reserve Bank of Atlanta President Raphael Bostic said on Tuesday.

White House adviser says Trump may announce GM shutdown consequences

White House economic adviser Larry Kudlow on Tuesday indicated President Donald Trump may announce specific ramifications for General Motors Co's plans to cut thousands of jobs and potentially close some of its North America plants.

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