Wednesday, 6 November 2019

Daily Investor Update: China urges re-elected Canadian government to free Huawei executive Meng Wanzhou

Reuters.com Newsletter

China urges re-elected Canadian government to free Huawei executive Meng Wanzhou

China's Foreign Ministry on Wednesday urged Canada's re-elected Liberal Party government to immediately release detained Huawei [HWT.UL] executive Meng Wanzhou.

Lufthansa crew strike set to go ahead on Thursday after court ruling

A two-day strike by Lufthansa cabin crew was set to begin on Thursday after a German court ruled late on Wednesday against management's efforts to stop it.

Exclusive: U.S.-China trade deal signing could be delayed to December; London a possible venue - source

A meeting between U.S. President Donald Trump and Chinese President Xi Jinping to sign a long-awaited interim trade deal could be delayed until December as discussions continue over terms and venue, a senior official of the Trump administration told Reuters on Wednesday.

Blackstone CEO is optimistic U.S., China will agree trade deal

Private equity firm Blackstone Group Inc Chief Executive Stephen Schwarzman said on Wednesday he was optimistic that the United States and China would resolve their 16-month-long trade war, helping to ease tensions between two of the world's biggest economies.

Ride-hailing market revs up in Egypt

Competition in Egypt's ride-hailing and tech-enabled transport market is heating up as rivals from global giant Uber to smaller local firms vie for a slice of the Middle East's largest market.

CVS quarterly profit beats expectations; shares rise as it eyes growth

CVS Health Corp reported higher-than-expected third-quarter profit on Wednesday as medical costs in its Aetna health insurance business came in below forecasts, and the company said its new strategy of using in-pharmacy clinics would contain healthcare spending going forward.

Risk rally pauses on U.S. data, trade talk caution

The dollar slid and the three-day global stock market rally paused on Wednesday as U.S. productivity data disappointed and investors turned a bit cautious about U.S.-China trade talks.

Wall St. little changed but report trade deal could be delayed weighs

U.S. stocks were near flat on Wednesday as a report that the U.S.-China deal could be delayed until December increased worries about how long the trade war will go on, while healthcare shares supported the market.

Flood of trades sends Uber to record low as insiders allowed to sell

Uber Technologies Inc's stock dropped 3% to a record low in its busiest trading session since the ride-hailing company's Wall Street debut as employees and early investors on Wednesday became free to sell their shares.

U.S. lawmakers seek to ban federal pension fund from investing in China

A group of U.S. lawmakers introduced legislation on Wednesday that would block a federal retirement fund from investing in Chinese stocks.

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