Monday 5 November 2018

U.S. stocks edge higher ahead of midterms, Fed; dollar falls

Reuters.com Newsletter

U.S. stocks edge higher ahead of midterms, Fed; dollar falls

Energy and financial stocks pushed U.S. equities higher on Monday, on the eve of U.S. midterm elections to determine whether President Donald Trump's Republican Party retains control of the U.S. Congress and ahead of a meeting of Federal Reserve policy makers.

GE dismisses talk that it may owe billions of dollars in taxes

General Electric Co on Monday downplayed concerns that its U.S. tax liabilities could increase by billions of dollars and that a decision by British tax authorities could saddle the company with an additional $1 billion tax bill.

Wall Street boosted by financials, energy, defensive sectors

The S&P 500 rose on Monday with boosts from financial, energy and defensive sectors as investors showed some caution on the eve of U.S. congressional elections.

Amazon hiring thousands of delivery drivers for holiday season

Amazon.com Inc wants to hire thousands of seasonal delivery drivers to supplement services provided by the U.S. Post Office, United Parcel Service Inc , FedEx Corp and its own delivery partners, the company said on Monday.

Vying for Vuitton: China's e-commerce rivals seek luxury stranglehold

China's online giants Alibaba and JD.com are taking their battle for relevance in the lucrative luxury goods market to a new level, as they aim to crack e-commerce tie-ups with top brands that usually shun selling through third parties.

U.S. regulator demands companies take action to halt 'robocalls'

U.S. Federal Communications Commission Chairman Ajit Pai on Monday wrote the chief executives of major telephone service providers and other companies, demanding they launch a system to combat billions of "robocalls" and other nuisance calls received monthly by American consumers.

U.S. renews Iran sanctions, grants oil waivers to China, seven others

The United States snapped sanctions back in place on Monday to choke Iran's oil and shipping industries, while temporarily allowing top customers such as China and India to keep buying crude from the Islamic Republic.

Amazon plans to split HQ2 evenly between two cities: WSJ

Amazon.com Inc is planning to split its second headquarters evenly between two locations rather than picking one city, the Wall Street Journal reported on Monday, citing a person familiar with the matter.

U.S. reimposes Iran sanctions, Tehran decries 'bullying'

The United States on Monday restored sanctions targeting Iran's oil, banking and transportation sectors and threatened more action to stop its "outlaw" policies, steps the Islamic Republic called economic warfare and vowed to defy.

U.S. renews Iran sanctions, grants oil waivers to China, seven others

The United States snapped sanctions back in place on Monday to choke Iran's oil and shipping industries, while temporarily allowing top customers such as China and India to keep buying crude from the Islamic Republic.

Eni to look at sanctions measures to see if it can use Iranian crudes

Italian oil major Eni will look at the Iran sanctions measures to see if it can use Iranian crudes to allow it greater flexibility in procuring supplies, a spokesman said on Monday.

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