Monday 25 November 2019

Daily Investor Update: DHL to debut zero-emission electric delivery vans in U.S. cities

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DHL to debut zero-emission electric delivery vans in U.S. cities

Deutsche Post DHL Group's StreetScooter electric vehicle unit will enter the U.S. market next year as delivery firms and municipalities work to cut greenhouse gas emissions.

Exclusive: Impossible Foods eyes doubling valuation with new funding

Impossible Foods Inc, maker of the plant-based Impossible Burger, is in talks with investors about a new round of fundraising that could more than double the $2 billion valuation it attained in May, according to people familiar with the matter.

U.S. charges former Outcome Health executives in $1 billion fraud

U.S. prosecutors announced criminal charges accusing the founders of Outcome Health of overseeing a scheme to overbill clients and fraudulently obtain nearly $1 billion of funds, including from major investors.

Oil climbs on U.S.-China trade talks optimism

Oil prices edged higher on Monday as positive comments from the United States and China rekindled hopes in global markets that the world's two largest economies could soon sign an interim deal to end their trade war.

World share markets rally on revived trade hopes; dollar gains

The dollar rose and global equity markets rallied on Monday, with the Nasdaq and S&P 500 hitting new highs, as revived hopes the United States and China could soon sign an interim deal to end their prolonged trade war lifted investor sentiment.

Charles Schwab to buy TD Ameritrade in $26-billion blockbuster brokerage deal

Charles Schwab Corp agreed on Monday to buy TD Ameritrade Holding Corp in an all-stock deal valued at $26 billion, creating a brokerage giant in a market that has been ravaged by price wars.

Trade optimism fuels S&P, Nasdaq to records

The S&P 500 and the Nasdaq indexes climbed to new record highs on Monday as signs indicated the United States and China were moving closer to a trade truce, while a host of merger deals also helped buoy sentiment.

Mexico steps up pressure on U.S. Congress to approve trade deal

Mexico's government on Monday ramped up pressure on Democratic lawmakers to approve a new North American trade deal, urging U.S. House Speaker Nancy Pelosi to push it through Congress and rejecting demands for greater oversight of its labor market.

EU on course to allow in more U.S. beef from 2020

European Union plans to allow more U.S. beef imports cleared a key hurdle on Monday when EU lawmakers specializing in trade backed the move, which is likely to ease transatlantic tensions.

Americans, not Chinese, pay Trump tariffs: NY Fed study

When the Trump administration imposed tariffs on Chinese imports last year, officials insisted China would pay the cost - implying Chinese firms would have to cut their prices to absorb import "taxes" of up to 25% when the goods hit U.S. shores.

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