Wednesday, 9 October 2019

Trump says there is a 'really good chance' of U.S.-China trade deal

Trump says there is a 'really good chance' of U.S.-China trade deal

President Donald Trump said on Wednesday there was a very good chance that the United States and China will reach a trade agreement.

Stocks rise on trade truce bets; lira shaken by Turkey move on Syria

Stocks gained on Wednesday on a report that China could yet agree to a partial trade deal with the United States despite recent tensions, while the prospect of a last-minute Brexit agreement between the European Union and Britain seemed as remote as ever.

Boeing's 787 under pressure as Russia's Aeroflot cancels order

Boeing Co faced additional uncertainty on Wednesday over future production rates for its 787 Dreamliner after Russian carrier Aeroflot formally canceled an order for 22 aircraft valued at about $5.5 billion at list prices.

Bed Bath & Beyond hires Target executive as CEO

Bed Bath & Beyond Inc said on Wednesday it had hired Target Corp's chief merchandising officer, Mark Tritton, as its chief executive officer, replacing long-time chief Steven Temares who left the furnishing retailer in May

Exclusive: Delta pilots received record overtime while MAX crisis hit rivals - unions

Delta Air Lines pilots are receiving record overtime, straining the airline's labor costs, partly as it adds more flights to take advantage of a gap in demand left by the grounding of the Boeing 737 MAX at rival carriers, union officials told Reuters.

California power cutoff begins as wildfire risks rise

Electricity was shut off to more than 500,000 California homes and businesses on Wednesday as Pacific Gas and Electric Co imposed a planned power outage of unprecedented scale to reduce wildfire risks posed by high winds and hot, dry weather.

Wall Street gains on trade optimism, but Beijing tempers hopes

Wall Street rose on Wednesday on hopes of progress in U.S.-China trade talks, though stocks pared gains late after Chinese officials said Beijing had lowered expectations for negotiations this week.

Oil steady as attack in Syria supports but U.S. crude stocks weigh

Oil futures were mixed on Wednesday as a Turkey-launched offensive in Syria and hopes of progress in ending the U.S.-China trade war supported oil, but a build in U.S. crude inventories held prices back.

China lowered expectations for U.S. trade talks after blacklist: Chinese officials, diplomats

Surprised and upset by this week's U.S. blacklisting of Chinese companies, Beijing has lowered expectations for significant progress from this week's trade talks with the United States, Chinese government officials, diplomats, and investors told Reuters.

Decreasing U.S. job openings point to cooling labor market

U.S. job openings fell to a 1-1/2-year low in August and hiring declined, suggesting employment growth was slowing largely because of ebbing demand for labor as the economy loses momentum.

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