Friday 11 January 2019

Daily Investor Update: New Petrobras CEO pushes to oust board members: sources

Reuters.com Newsletter

New Petrobras CEO pushes to oust board members: sources

The new chief executive of Brazil's Petroleo Brasileiro SA is pushing for the ouster of two of the state-controlled oil company's board members, three people with knowledge of the matter said on Friday.

Apple considered Samsung, MediaTek to supply 5G modems for 2019 iPhones

Apple Inc considered tapping Samsung Electronics Co Ltd and MediaTek Inc along with existing vendor Intel Corp to supply 5G modem chips for 2019 iPhones, according to an Apple executive's testimony at the trial between Qualcomm Inc and the U.S. Federal Trade Commission on Friday.

Exclusive: Trafigura refuses to hand over emails in Brazil bribery case

Commodities trader Trafigura [TRAFGF.UL] has refused a judge's order to hand over the email archives of two former executives in Brazil who are facing corruption charges over accusations they bribed officials at state-run oil firm Petroleo Brasileiro.

U.S. shutdown sends grain traders, farmers hunting for data

When the U.S. Department of Agriculture announced a slew of key farm reports would not be released on Friday due to the partial government shutdown, the phones at crop forecaster Gro Intelligence blew up.

U.S. government shutdown may depress January job growth

A partial shutdown of the U.S. government could slash job growth by as much as 500,000 in January and lift the unemployment rate above 4.0 percent unless the impasse in Washington is resolved before next Friday, economists warned.

Battered U.S. bank stocks may get a boost this year

After a miserable 2018, big U.S. bank stocks could be in for a lift if upcoming earnings releases show strong fourth-quarter loan growth helps to offset weak trading revenue.

Wall Street's five-day rally stumbles ahead of earnings

Falling energy shares late on Friday jeopardized continuation of Wall Street's five-session rally as investors looked ahead to earnings season, which will kick off with Citigroup, JPMorgan and other big banks next week.

GM bucks gloomy earnings forecast trend, shares jump

General Motors Co executives on Friday bucked gloomy forecasts for growth and sent the automaker's shares soaring, promising investors stronger 2019 earnings and outlining ambitious plans for its Cadillac brand to challenge Tesla Inc in the growing electric vehicle market.

Citigroup allows hedge fund ValueAct more access

Citigroup Inc will give ValueAct Capital more access to its books and board of directors, signaling that the bank and the activist hedge fund are deepening their relationship roughly a year after ValueAct first invested in Citi.

Square's payments chief joins Visa as head of seller solutions

Visa Inc on Friday said https://usa.visa.com/visa-everywhere/blog.entry.html/2019/01/11/mary_kay_bowman_join-lrU0.html Mary Kay Bowman will join as head of the business that is tasked to attract more customers to use the world's largest payments network.

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