Thursday, 28 March 2019

Daily Investor Update: Citgo raises $1.2 billion loan to run operations, refinance debt

Reuters.com Newsletter

Citgo raises $1.2 billion loan to run operations, refinance debt

Citgo Petroleum, the U.S.-based unit of Venezuelan state-run oil firm PDVSA, said on Thursday it raised $1.2 billion through a five-year term loan to cover operating expenses and to refinance existing debt.

Apple spotlights services with TV, gaming and credit card offerings

Apple Inc attempted to reintroduce itself on Monday as an entertainment and financial services company that also makes iPhones as it launched a streaming television service, a credit card and an online gaming arcade.

Ovations, hugs and soaring speeches as Apple embraces Hollywood

Apple Inc brought in Oprah Winfrey, Steven Spielberg, Jennifer Aniston and Jason Momoa to talk up its new television streaming service at a Hollywood-style event on Monday marked by standing ovations, hugs and soaring rhetoric.

U.S. lawsuit filed against Boeing over Ethiopian Airlines crash

A lawsuit against Boeing Co was filed in U.S. federal court on Thursday in what appeared to be the first suit over a March 10 Ethiopian Airlines 737 MAX crash that killed 157 people.

Buffett says Apple content plan hard to predict, touts airline safety

Warren Buffett on Thursday said he could not predict the success of Apple Inc's new suite of services but was confident the public would benefit as content providers vie for their wallets.

Wall Street inches up on trade optimism but growth worries weigh

U.S. stocks edged higher on Thursday, helped by optimism over progress in U.S.-China trade talks, but concerns about an economic slowdown after a cut in fourth-quarter GDP growth limited the day's advance.

WTO says U.S. failed to halt state tax subsidy for Boeing

The World Trade Organization said on Thursday the United States had ignored its request to halt a subsidized tax break for Boeing in its main planemaking state of Washington as a 15-year-old transatlantic trade row edges toward tit-for-tat sanctions.

Washington state reviewing WTO Boeing tax case ruling: statement

Washington Governor Jay Inslee said on Thursday his state was reviewing a World Trade Organization ruling against Boeing Co on a tax case and will consult with the U.S. Trade Representative on next steps.

Exclusive: China shifts position on tech transfers, trade talks progress - U.S. officials

China has made proposals in talks with the United States on a range of issues that go further than it has before, including on forced technology transfer, as the two sides work to overcome obstacles to a deal to end their protracted trade war, U.S. officials told Reuters on Wednesday.

Benchmark yields higher, stocks mixed with eye on trade, growth outlook

Benchmark U.S. and European bond yields moved higher on Thursday after prolonged slides, while world share markets were mixed with an eye on U.S.-China trade talks and economic growth.

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