Thursday 20 December 2018

Daily Investor Update: Apple to pull some iPhones in Germany as Qualcomm extends global wins

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Apple to pull some iPhones in Germany as Qualcomm extends global wins

Chip supplier Qualcomm Inc won a second court skirmish in its worldwide patent battle with Apple Inc on Thursday, with the iPhone maker saying it would pull some older models from its German stores.

Treasury chief calls market reaction to Fed 'overblown'

U.S. Treasury Secretary Steven Mnuchin said on Thursday that investors' reaction to the Federal Reserve's interest rate hikes was "completely overblown", in an unusually direct comment on financial market activity.

Exclusive: China hacked HPE, IBM and then attacked clients - sources

Hackers working on behalf of China's Ministry of State Security breached the networks of Hewlett Packard Enterprise Co and IBM, then used their access to hack into their clients' computers, according to five sources familiar with the attacks.

U.S. senators write to regulators on Robinhood's botched checking plans

A bipartisan group of U.S. senators sent a letter to regulators on Thursday expressing concern that financial technology startup Robinhood may not be offering full transparency to its customers over the botched launch of its new cash management service.

Nissan to lay off 1,000 Mexican workers, cites market challenges

Japanese carmaker Nissan Motor Co Ltd will lay off about 1,000 workers in Mexico at two factories, citing "challenging market conditions," the company said on Thursday.

Oil prices tumble to lowest in more than a year as equities sell off

Oil prices fell about 5 percent on Thursday, hitting their lowest level in more than a year on worries about oversupply and the outlook for energy demand as a U.S. interest rate rise knocked stock markets.

GM to respond by January 7 to Canada union proposals to save Ontario plant

General Motors Co will respond by Jan. 7 to Canadian union proposals to keep an Ontario auto assembly plant open, the head of Canada's largest private sector union said on Thursday.

ExxonMobil shelves Canada LNG export project

U.S. oil major Exxon Mobil Corp has withdrawn its WCC liquefied natural gas (LNG) export terminal in Canada from the environmental assessment process, it said on Thursday, signaling that the project has been shelved.

China trade war rattles investors in new U.S. soy processing plants

The U.S.-China trade war is spooking potential investors in soybean crushing plants planned for Wisconsin and New York state, developers said, casting doubt on the future of a sector that had been a rare bright spot in the U.S. farm economy.

Wall St. slides on Fed tightening, government shutdown threat

U.S. stocks tumbled on Thursday as the Federal Reserve's plan to continue its balance-sheet reduction and the threat of a partial government shutdown fueled investor anxieties.

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