Wednesday, 20 November 2019

Daily Investor Update: Fed minutes show rates on hold, little hurry to change course

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Fed minutes show rates on hold, little hurry to change course

A divided Federal Reserve that decided to hit pause in its easing cycle following a rate cut in October signaled in minutes of last month's meeting it was in no hurry to reassess the path of interest rates.

Ukraine widens probe against Burisma founder to embezzlement of state funds

Ukraine has widened its investigation into the founder of energy company Burisma to include suspicion of embezzling state funds, Prosecutor General Ruslan Ryaboshapka said on Wednesday.

Mitsubishi Heavy Industries has skills to build Airbus wings: CEO

Mitsubishi Heavy Industries Ltd is confident that it has the technical and production know-how to build high-tech wings for Airbus SE jetliners, the chief executive of the Japanese conglomerate said on Wednesday.

Shares slide on U.S.-China spat over Hong Kong, dollar gains

Global stock markets stumbled and the dollar gained on Wednesday after China blasted a U.S. Senate bill aimed at protecting human rights in Hong Kong, the latest obstacle to easing tensions in a prolonged Sino-U.S. trade war that has dented growth worldwide.

Oil jumps over 2% after U.S. inventory data, Russia OPEC comments

Oil prices surged more than 2% on Wednesday after a better-than-expected U.S. crude inventories report and as Russia said it would continue its cooperation with OPEC to keep the global oil market balanced.

'Phase One' U.S.-China trade deal may not be completed this year: trade sources

Completion of a "phase one" U.S.-China trade deal could slide into next year, trade experts and people close to the White House said, as Beijing presses for more extensive tariff rollbacks, and the Trump administration counters with heightened demands of its own.

GM sues Fiat Chrysler, alleging union bribery scheme cost it billions

General Motors Co on Wednesday filed a racketeering lawsuit against Fiat Chrysler Automobiles NV , alleging that its rival bribed United Auto Workers (UAW) union officials over many years to corrupt the bargaining process and gain advantages, costing GM billions of dollars.

Wall Street drops on trade deal delay concerns

Wall Street's main indexes were lower on Wednesday on concerns that a "phase one" trade deal between Washington and Beijing may not be completed this year, and minutes from the Federal Reserve's October policy meeting offered little help.

White House Deputy Press Secretary: progress being made on China phase-one deal text - Fox

White House Deputy Press Secretary Judd Deere has said that talks with China are continuing and that there is progress on the text of a phase-one trade deal, Fox News reported on Wednesday.

Mitsubishi Heavy Industries rethinking Spacejet delivery schedule: CEO

Mitsubishi Heavy Industries Ltd is rethinking the timetable for Japan's first new commercial aircraft in 50 years and cannot commit to its target of making initial deliveries by mid-2020, the company's chief executive said on Wednesday.

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