Bhinneka News Online: Reuters Before the Bell: Shares snap seven-day hot streak; U.S. inflation next hurdle

Wednesday, 12 June 2019

Reuters Before the Bell: Shares snap seven-day hot streak; U.S. inflation next hurdle

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Wednesday, June 12, 2019

Shares snap seven-day hot streak; U.S. inflation next hurdle

World share markets snapped a seven-day winning streak on Wednesday as the White House took a tough line on trade talks with China, while an impending reading on U.S. inflation was set to refine the odds of an early cut in interest rates there.

Hong Kong police fire rubber bullets as extradition bill protests turn to chaos

Hong Kong police fired rubber bullets and tear gas at demonstrators who threw plastic bottles on Wednesday as protests against an extradition bill that would allow people to be sent to mainland China for trial descended into violent chaos.

Britain calls on Hong Kong to pause extradition bill, maintain rights

Britain urged the Hong Kong government to "pause and reflect" on an extradition bill that has sparked widespread protests, and said the former British colony must take steps to protect its rights, freedoms and high degree of autonomy.

Wall Street split on Tesla 2019 delivery promises

Tesla Inc shares rose almost 3% in early trade on Wednesday, with analysts still divided on the electric-car maker's chances of meeting delivery and production targets in the months ahead, after comments by Chief Executive Officer Elon Musk at an annual shareholder meeting.

KKR offers 40% premium to buy out Axel Springer minorities

U.S. private equity investor KKR on Wednesday offered a 40% premium to buy out minority investors in Axel Springer in a deal that entrenches the influence of the main shareholders at the publishers of Germany's Bild newspaper.

The media has a big problem, Reuters Institute says: Who will pay for the news?

News organizations are being challenged by technology giants and unsettled by a broader lack of trust but they have a much deeper problem: most people don't want to pay for online news, the Reuters Institute found.

Adidas shares slide as traders say top investor GBL to cut stake

By Thyagaraju Adinarayan, Emma Thomasson and Philip Blenkinsop

Reckitt picks PepsiCo man as CEO, going outside for first time

Consumer goods group Reckitt Benckiser has picked PepsiCo executive Laxman Narasimhan as its next chief executive, becoming the latest industry heavyweight to turn to a company outsider to tackle faltering growth and new media-savvy rivals.

Heated Hong Kong protests dent stocks, spike cash demand

Hong Kong's financial markets came under pressure on Wednesday, with stocks falling and demand for cash surging, as protesters clashed with police during a mass demonstration against legislation that would allow citizens to be extradited to China.

Explainer: Why proposed changes to Hong Kong's extradition law are fueling protests

Hong Kong's government has indefinitely delayed the second round of debate on an extradition bill that would allow people to be sent to mainland China for trial for the first time, after chaotic protests by tens of thousands of people.