Tuesday, 19 February 2019

Daily Investor Update: Trump says March 1 deadline for China trade talks not 'magical' date

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Trump says March 1 deadline for China trade talks not 'magical' date

U.S. President Donald Trump said on Tuesday that trade talks with China were going well and suggested he was open to pushing off the deadline to complete negotiations, saying March 1 was not a "magical" date.

Exclusive: Fed's Williams says new economic outlook necessary for rate hikes

New York Fed President John Williams on Tuesday said he was comfortable with the level U.S. interest rates are at now, and sees no need to raise them again unless growth or inflation shifts to an unexpectedly higher gear.

Gold hits 10-month peak on growth worries; dollar slips

Gold prices rose to a 10-month high on Tuesday as concerns over a global economic slowdown spurred a safe-haven bid and were also supported by a weaker U.S. dollar, which fell on optimism for a breakthrough in U.S.-China trade talks.

Brent dips as demand worries weigh, U.S. oil prices hit 2019 high

Oil prices were mixed on Tuesday as concerns about global crude oil demand and uncertainty over the latest round of U.S.-China trade talks countered investor optimism around tightening supplies.

Ford's truck exit from South America to cost 2,700 jobs

Ford Motor Co said on Tuesday it would exit its heavy commercial truck business in South America in a plant closing that could cost more than 2,700 jobs, part of a global restructuring meant to end losses in different regions.

Trump says March 1 deadline for China trade talks not 'magical' date

U.S. President Donald Trump said on Tuesday that trade talks with China were going well and suggested he was open to pushing off the deadline to complete negotiations, saying March 1 was not a "magical" date.

Wall Street ekes out gains on upbeat Walmart results

U.S. stocks gained modestly on Tuesday as upbeat results from Walmart boosted investor sentiment and high-level U.S.-China trade talks resumed.

Honeywell-Pratt venture protests GE's Army helicopter contract

A joint venture of Honeywell International Inc and Pratt & Whitney on Tuesday protested the U.S. Army's decision to award General Electric Co a $517 million contract for new Black Hawk and Apache helicopter engines.

U.S., McKinsey & Co reach $15 million settlement over bankruptcy case disclosures

The United States and McKinsey & Company have reached a $15 million settlement over allegations that the global consulting company did not make proper disclosures in bankruptcy cases, the U.S. Department of Justice said in a statement on Tuesday.

Allergan should explore selling itself: Appaloosa's Tepper

Billionaire hedge fund manager David Tepper stepped up pressure on Allergan Plc, saying on Tuesday the drugmaker should consider selling itself if management is unable to turn around recent lagging performance.

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