Tuesday 15 January 2019

Citi says chance of delay to Brexit now 'very high'

Reuters.com Newsletter

Citi says chance of delay to Brexit now 'very high'

U.S. investment bank Citi said on Tuesday there is now a "very high" chance that Brexit will be delayed past March 29, after lawmakers defeated Prime Minister Theresa May's Brexit divorce deal by a crushing margin.

Netflix, China boost Wall Street as investors shrug off Brexit vote

U.S. stocks rose on Tuesday as technology and internet stocks gained on Netflix Inc's plans to raise fees for U.S. subscribers and hopes of more stimulus for China's slowing economy fostered a risk-on mood among investors.

Stocks rise on China hopes; sterling rebounds as Brexit vote fails

Major world stock markets climbed on Tuesday on hopes of more stimulus for China's economy, while sterling rebounded from the day's lows after British lawmakers defeated Prime Minister Theresa May's deal on withdrawing from the European Union.

United profit beats forecasts as bolstered hub strategy pays off

United Airlines on Tuesday reported a fourth-quarter profit that beat Wall Street forecasts, as the No. 3 U.S. carrier scheduled more flights out of its hubs and won back customers after a series of public relations disasters.

Delaware judge orders Papa John's to turn over documents to founder

A Delaware judge said on Tuesday Papa John's International Inc must turn over internal documents to the company's founder who has been seeking to reassert control over the pizza delivery chain after he resigned as chairman in July.

VW, Ford team up on trucks, eye deals on EVs, self-driving cars

Volkswagen AG and Ford Motor Co said on Tuesday they will join forces on commercial vans and pickups and are exploring joint development of electric and self-driving technology, actions meant to save the automakers billions of dollars.

Ex-employee of proxy solicitor Georgeson convicted of fraud

A former senior managing director of a firm that advises companies on shareholder votes was convicted on Tuesday of participating in a scheme to bribe a proxy adviser's employee with sports and concert tickets to learn how its investor clients were voting.

White House considering former PepsiCo CEO, Treasury official to lead World Bank: source

The White House is considering former PepsiCo Inc Chief Executive Indra Nooyi, Treasury Department official David Malpass and Overseas Private Investment Corp CEO Ray Washburne among candidates to head the World Bank, an administration official said on Tuesday.

France seeks Renault board meeting to replace CEO Ghosn: sources

The French government is moving to dismiss Renault's scandal-hit Chairman and Chief Executive Carlos Ghosn, and has requested a board meeting to consider candidates to replace him, sources with knowledge of the matter told Reuters.

Oil rises about 3 percent on economic stability hopes

Oil prices rose about 3 percent on Tuesday, along with world stock markets, supported by China's plan to introduce policies to stabilize a slowing economy, reversing the previous session's losses due to grim data in the world's second-largest economy.

Shoe retailer Payless to explore options, including sale: sources

U.S. discount retailer Payless ShoeSource Inc has hired an adviser to help evaluate strategic alternatives, including a sale or restructuring, less than 18 months after it emerged from bankruptcy, people familiar with the matter said on Tuesday.

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