Reuters Before the Bell: Hitachi freezes UK nuclear project as energy supply crunch looms

Click to View in Browser Thursday, January 17, 2019 Hitachi freezes UK nuclear project as energy supply crunch looms Japan's Hitachi Ltd decided on Thursday to freeze a 3 trillion yen ($28 billion) nuclear power project in Britain, dealing a blow to UK plans for the replacement of aging plants. Trading operations stung banks in fourth quarter but dovish Fed fuels hope Big trading operations were a thorn in the side of the top U.S. banks in the fourth quarter as fears about global growth sent credit markets into a tailspin, but a "dovish" turn from the Federal Reserve may mean the drama is over for now. PG&E shareholder BlueMountain says bankruptcy unnecessary PG&E Corp shareholder BlueMountain Capital Management LLC on Thursday said the U.S. power company's decision to file for bankruptcy was unnecessary, arguing that there was evidence the company was solvent. Morgan Stanley quarterly profit more than doubles Morgan Stanley's fourth-quarter profit more than doubled from a year earlier when it recorded a $1 billion tax charge due to changes in the U.S. tax law. Shutdown is starting to hurt Trump's financial deregulation agenda The U.S. government shutdown over President Donald Trump's call for Congress to fund a wall he promised to build on the U.S.- Mexican border is threatening another campaign pledge to make rules easier to navigate for banks and corporations. Factbox: Some rule changes now on go-slow due to U.S. shutdown The ongoing federal government shutdown is impeding efforts to advance several rule changes that aim to make life easier for financial institutions. Musk tweets Tesla to end customer referral plan because of costs Tesla Inc's customer referral incentive plan will end on Feb. 1, the electric carmaker's Chief Executive Officer Elon Musk tweeted on Thursday, citing costs. In Argentina crisis, firms do everything to cut costs - except fire workers Like many Argentine businessmen, Marco Meloni is doing everything he can to avoid laying off staff at his textile factory despite a slump in sales, more than 70 percent interest rates and soaring utility bills. Exclusive: British Lotus cars to be 'Made in China' at new Geely plant: documents The Chinese owner of Lotus plans to start producing the British sports car brand in China for the first time with the opening of a new 9 billion yuan ($1.3 billion) factory in Wuhan city, company job advertisements and government documents showed. Stocks turn red, pound finds some peace Concern over China's economic outlook and possible U.S. tariffs on European cars dragged stocks lower on Thursday, while an anti-climactic end to the latest chapter in the Brexit saga offered sterling a moment's peace. Related Video Bank earnings fuel Wall Street Auto execs fret about political uncertainty Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2019 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook