Friday 28 June 2019

When controversies hit, wait-and-see no longer works, U.S. companies find

Reuters.com Newsletter

When controversies hit, wait-and-see no longer works, U.S. companies find

When Bank of America Corp held its annual meeting in April, activists insisted it stop financing private prison companies.

Slack Technologies down 1% after service outage

Shares of Slack Technologies were down about 1% in extended trade on Friday after the messaging software company said it was still working to resolve reports of downgraded performance from some users.

Luxury online reseller The RealReal closes up more than 40% in debut

Shares of U.S. online luxury reseller The RealReal Inc closed up more 40% in their debut on Friday, giving it a market capitalization of around $2.4 billion and signaling investor appetite for listings of consumer companies.

Wall St. wraps up its best June in decades as G20 convenes

Wall Street advanced in heavy trading on Friday, with the S&P 500 and the Dow closing the book on their best June in generations, ahead of much-anticipated trade talks between U.S. President Donald Trump and Chinese counterpart Xi Jinping at the G20 summit now underway in Japan.

Stocks advance to end first half as G20 in focus

A gauge of global stocks climbed on Friday in advance of a meeting on trade between U.S. President Donald Trump and Chinese President Xi Jinping, as global equities notched their best first half since 1997.

Trump prepares for 'productive' talks with Xi on trade war

U.S. President Donald Trump on Friday said he hoped for productive talks with Chinese President Xi Jinping on a trade war that is casting a shadow on global growth, but said he had not made any promises about a reprieve from escalating tariffs.

USDA reports large U.S. soybean sale to China ahead of Trump-Xi meeting

The U.S. Department of Agriculture (USDA) on Friday reported a large soybean sale to China, an apparent goodwill gesture a day before the first meeting between U.S. President Donald Trump and Chinese President Xi Jinping in seven months.

Oil prices fall, but post weekly gain ahead of G20 talks, OPEC

Oil prices fell on Friday but posted their second straight week of gains ahead of trade talks between the U.S. and Chinese presidents this weekend, and on widely expected production cuts from OPEC on Monday.

Best-case scenario for Trump-Xi talks is resumption of trade negotiations: Pence adviser

The best-case scenario for talks on Saturday between U.S. President Donald Trump and Chinese President Xi Jinping is a resumption of trade negotiations, a top adviser to Vice President Mike Pence said on Friday.

Explainer: How U.S.-China talks differ from any other trade negotiations

U.S. President Donald Trump and Chinese President Xi Jinping are set for a high-stakes meeting in Japan on Saturday that could salvage faltering trade talks or plunge the world's two largest economies into a deeper, costlier trade war.

U.S. dominates second quarter global M&A as mega deals roll on

Mega deals set the pace for mergers and acquisitions (M&A) globally in the second quarter of 2019, as large U.S. companies defied trade row jitters and seized on strong equity and debt capital markets to agree on transformative combinations.

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