Thursday 27 June 2019

Daily Investor Update: Oil edges higher ahead of G20, OPEC meeting

Reuters.com Newsletter

Oil edges higher ahead of G20, OPEC meeting

Oil prices edged higher on Thursday on expectations that OPEC will extend an output cut agreement, while investors awaited a meeting between the United States and China that could produce a breakthrough on trade talks.

Exclusive: Western intelligence hacked 'Russia's Google' Yandex to spy on accounts - sources

Hackers working for Western intelligence agencies broke into Russian internet search company Yandex in late 2018 deploying a rare type of malware in an attempt to spy on user accounts, four people with knowledge of the matter told Reuters.

Stocks gain on U.S.-China trade truce hopes, dollar flat

Global equity markets gained and the dollar held steady on Thursday ahead of the G20 summit where a much-anticipated meeting of U.S. President Donald Trump and Chinese President Xi Jinping may lead to a truce in the U.S.-China trade war.

Twitter to deemphasize, label politician tweets that break its rules

Twitter Inc said on Thursday it would identify and deemphasize tweets that broke its rules but came from important sources, such as politicians, in order to strike a balance between free expression and accountability.

Ford to cut 12,000 jobs in Europe by end 2020

Ford said it will cut 12,000 jobs in Europe by the end of next year to try to return the business to profit, part of a wave of cost reductions in an auto industry facing stagnant demand and huge investments to build low emission cars.

State Street pays $94.3 million to settle U.S., state charges over hidden fund markups

State Street Corp agreed to pay $94.3 million to settle federal and state regulatory charges it routinely overcharged mutual fund customers and other clients over roughly 17 years by adding hidden markups on back-office expenses.

Wall Street rallies as investors eye G20 summit

Wall Street gained ground in a broad-based rally on Thursday as market participants looked to the G20 summit this weekend for signs of progress in the long-running U.S.-China trade dispute, which has agitated markets for months.

Rerun: Last TV plant in U.S. again faces tariff extinction

America's trade war with China is once again poised to switch off the nation's last television factory.

Bitcoin sell-off accelerates, breaking below $11,000

A pullback in prices of bitcoin deepened on Thursday, falling over 16% to below $11,000 after jumping to 18-month high of nearly $14,000 earlier this week amid optimism about the widening usage of digital currencies.

Japan Display to receive $100 million investment from Apple as part of bailout deal

Japan Display Inc said on Friday it would receive a $100 million investment from a customer, which a source said was Apple Inc , as part of a bailout deal led by a Chinese investment firm for the smartphone screen maker.

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