Friday 22 November 2019

Trump vague about whether he will veto bills that back Hong Kong protesters

Trump vague about whether he will veto bills that back Hong Kong protesters

U.S. President Donald Trump was vague on Friday about whether he would sign or veto legislation to back protesters in Hong Kong as he tries to strike a trade deal with China, and boasted that he alone had prevented Beijing from crushing the demonstrations with a million soldiers.

Trump says administration to take 'good look' at Hong Kong rights bill

President Donald Trump said on Friday his administration would take a "good luck" at a Hong Kong bill that passed the U.S. Congress nearly unanimously, as lawmakers awaited his decision on whether he would sign it into law or issue a veto.

U.S. banks cram for Fed risk test, with ripple effects in repo

New quarterly data from the biggest U.S. banks suggest that some will need to back away from short-term lending markets by year-end to avoid triggering requirements that they hold more capital.

Wall Street Weekahead: Conditions may be set for Santa Claus rally

A year after the U.S. stock market plunged, many investors believe conditions are in place to avoid another year-end pullback and possibly set the stage for a rally to finish off 2019.

Wall Street rises with U.S.-China trade mood, upbeat economic data

Wall Street advanced on Friday as both Washington and Beijing made positive comments on the potential for a trade deal between the world's two biggest economies and upbeat domestic economic data helped to ease investor worries.

Dollar, global shares gain on Xi, Trump remarks

The dollar gained and global equity markets rose on Friday on upbeat U.S. economic data while amicable messages from Chinese President Xi Jinping and U.S. President Donald Trump helped defuse tensions over the prolonged U.S.-Sino trade war.

EU countries back tough line on 5G suppliers in potential blow to Huawei

EU countries on Friday endorsed a tough line for selecting 5G suppliers, including vetting the domestic legal framework to which they are subjected, potentially dealing a blow to telecoms equipment market leader Huawei Technologies.

Shattered glass: Futuristic design questioned after Tesla Cybertruck launch

Tesla Inc's launch of its futuristic Cybertruck pickup suffered a setback when its "armored glass" windows shattered, but it was the overall look of the electric vehicle that worried Wall Street on Friday, driving the automaker's shares down 6%.

Exclusive: Chevron CEO plans major cost-cutting overhaul of production teams - sources

Chevron Corp Chief Executive Michael Wirth is preparing sweeping changes at the No. 2 U.S. oil and gas company that would cut costs and streamline operations in a drive to boost profitability, according to people familiar with the matter.

Exclusive: UniCredit clinches deal to cut exposure to Turkish lender Yapi Kredi - sources

UniCredit has struck a deal to reduce its exposure to Turkey's Yapi Kredi , three sources told Reuters, a move seen as a first step toward the Italian bank's full exit from the recession-hit country.

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