Tuesday, 18 December 2018

FedEx cuts 2019 view on European softness, global trade concerns

Reuters.com Newsletter

FedEx cuts 2019 view on European softness, global trade concerns

U.S. package delivery company FedEx Corp on Tuesday lowered its 2019 forecast, citing weakness in Europe and signs that global trade is faltering, sending its shares down 4.4 percent in after-hours trade.

Trump pressures Fed before meeting, warns against 'another mistake'

U.S. President Donald Trump on Tuesday further sought to pressure the Federal Reserve as the central bank prepared to start its two-day policy meeting, warning the Fed's board not to "make yet another mistake" ahead of an expected interest rate hike.

S&P flat as government shutdown threat, Fed decision loom

The benchmark S&P 500 stock index ended little changed in a choppy trading session on Tuesday as the possibility of a partial U.S. government shutdown raised investor jitters ahead of a highly anticipated meeting of the Federal Reserve.

Stocks dip ahead of Fed news; oil prices drop

Global equity markets dipped on Tuesday as nervous investors awaited indications whether the Federal Reserve will be able to raise interest rates much further amid turbulent markets and a weakening outlook for the global economy.

Glencore's Katanga pays $22 million to settle Canada regulator probe

Glencore-controlled Katanga Mining Ltd said on Tuesday it agreed to pay more than $22 million to settle Canadian allegations of inadequate historical disclosures of its finances and activities in the Democratic Republic of Congo.

Uber gets approval from Pennsylvania to resume self-driving testing

Uber Technologies Inc received approval from Pennsylvania to resume self-driving car testing on public roads this week, state records show.

Micron quarterly revenue misses estimates on falling chip prices

Chipmaker Micron Technology Inc on Tuesday missed Wall Street estimates for quarterly revenue, hurt by falling prices for its memory chips due to a supply glut.

China embarks on second round of soy buying post Trump-Xi truce

Chinese importers returned to the U.S. soy market on Tuesday for their second round of purchases since the two countries agreed to a truce in their trade war, four traders with knowledge of the deals and the U.S. Soybean Export Council said.

Kinder Morgan faces proposed class action lawsuit on pipeline

Kinder Morgan is facing a proposed class action lawsuit, claiming that a division of the pipeline operator has emitted chemicals and toxic gas that caused damage to property and killed animals.

CBS fires CEO Leslie Moonves and denies $120 million severance

CBS Corp said on Monday it has fired Leslie Moonves for cause and has denied a $120 million severance package as it girds for a potential legal battle with its former chief executive who has been accused of sexual harassment and assault that allegedly took place before and after he joined the company.

Citi reorganizes prime brokerage unit

Citigroup Inc is shuffling its prime brokerage business, according to an internal memo seen by Reuters, amid reports that the unit could lose millions on a bad loan to an Asian hedge fund.

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