Thursday, 27 December 2018

Second dramatic day for global stocks ends on high note

Reuters.com Newsletter

Second dramatic day for global stocks ends on high note

A wild Christmas week ride in global markets continued on Thursday as stocks rallied from significant losses to post gains for the day.

Exclusive: Chile to delay arbitration with top lithium producer Albemarle

Chile will delay a previously announced arbitration with Albemarle Corp , the world's top lithium producer, in anticipation that the U.S.-based miner will make a new offer to bring it into compliance with a 2016 contract, a source close to the negotiations told Reuters.

Exclusive: Foxconn to begin assembling top-end Apple iPhones in India in 2019 - source

Apple Inc will begin assembling its top-end iPhones in India through the local unit of Foxconn as early as 2019, the first time the Taiwanese contract manufacturer will have made the product in the country, according to a source familiar with the matter.

Wall Street roars back late to keep rally going

U.S. stocks roared back to end in positive territory on Thursday, following steep losses earlier, as equities rebounded for a second day.

Oil prices drop as U.S. stock markets retreat

Oil prices fell on Thursday, retreating from an 8 percent rally in the previous session as Wall Street stocks also fell and the oil market focused on signs of faltering global economic growth and record production of crude.

New Mexico oil producers brace for tighter regulation as output jumps

Crude oil output has more than doubled in New Mexico over the last four years, making it the No. 3 producer among U.S. states, but a January change in state leadership to Democratic control has industry executives fearing tougher regulations are coming.

Venezuela cocoa growers fear new pest: the government

Venezuela cocoa trader Freddy Galindo has battled highway robberies, kidnappings of family members and declining quality in his 19 years exporting the nation's legendary beans.

Fed survey points to a scaling back of bets on emerging market gains

Most financial market credit officers surveyed by the Federal Reserve in November said their big clients were exposed to emerging markets but were scaling back bets emerging market assets would rise in value, the U.S. central bank said on Thursday.

Renault union calls for more transparency over Dutch holding

France's CGT union has called for more transparency at Renault and its Dutch holding company and asked the French government, one of the carmaker's shareholders, to try to shed light on its workings, a CGT representative said on Thursday.

FDA chief to meet e-cigarette makers amid crackdown

The U.S. Food and Drug Administration (FDA) plans to meet top-level executives of e-cigarette makers, the agency's chief said on Thursday, hinting that some companies seem to be backing away from commitments related to youth's access to e-cigarettes.

France's Vinci in $3.7 billion swoop on UK's Gatwick airport

France's Vinci is taking advantage of a Brexit hit to UK asset prices to buy a majority stake in Britain's second-busiest airport, London's Gatwick, for 2.9 billion pounds ($3.7 billion), the construction company said on Thursday.

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