Wednesday, 16 January 2019

Sterling up after May wins confidence vote; stocks climb

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Sterling up after May wins confidence vote; stocks climb

Major world stock indexes rose on Wednesday, with the S&P 500 supported by sharply higher U.S. bank shares after strong earnings, while the pound was up after British Prime Minister Theresa May's government won a confidence vote in parliament.

Businesses cry out for Brexit clarity, warn of no-deal chaos

Business leaders in Britain and beyond warned on Wednesday of catastrophic job losses and chaos at ports if the country does not agree a European Union withdrawal, turning up the heat on politicians to deliver clarity.

Airbus says ministers signal optimism Britain will avoid 'no-deal Brexit'

The chief executive of European planemaker Airbus said on Wednesday British ministers had expressed a "certain degree of optimism" that Britain would not leave the European Union without a transition deal.

Upbeat bank earnings send Wall Street to one-month highs

Wall Street's major indexes hit one-month highs on Wednesday as strong earnings from Bank of America Corp and Goldman Sachs Group Inc boosted investor sentiment.

U.S. lawmakers introduce bipartisan bills targeting China's Huawei and ZTE

A bipartisan group of U.S. lawmakers introduced bills on Wednesday that would ban the sale of U.S. chips or other components to Huawei Technologies Co Ltd [HWT.UL], ZTE Corp or other Chinese telecommunications companies that violate U.S. sanctions or export control laws.

U.S. investigating Huawei for alleged trade secret theft: WSJ

Federal prosecutors are investigating Huawei Technologies[HWT.UL], the world's largest telecommunications equipment maker, for allegedly stealing trade secrets from U.S. businesses and could soon issue an indictment, the Wall Street Journal reported on Wednesday.

Bombardier CEO sees decision on loss-making CRJ jet this year

Bombardier Inc aims to make a decision this year on the future of its CRJ regional jet as it "aggressively" pursues new orders to secure its industrial future, the Canadian planemaker's chief executive said on Wednesday.

French government calls for Renault board meeting to replace Ghosn

French Finance Minister Bruno Le Maire said on Wednesday the government had requested a Renault board meeting in coming days to replace the company's scandal-hit Chairman and Chief Executive Carlos Ghosn.

Citi says female employees earn 29 percent less than men

Citigroup's female employees earn 29 percent less than their male counterparts, the Wall Street bank revealed on Wednesday, while announcing targets for appointing more women and minorities to senior roles.

Hyundai, Kia issue new U.S. recall of 168,000 vehicles for fire risks

Hyundai Motor Co and affiliate Kia Motors Corp said on Wednesday they will recall about 168,000 U.S. vehicles at risk of fuel leaks, after recalling them in 2017 for engine fire risks, and will offer software upgrades for 3.7 million vehicles.

Sears chairman prevails in bankruptcy auction for retailer with $5.2 billion bid: sources

Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, people familiar with the matter said Wednesday.

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