Thursday 26 December 2019

Boeing 737 MAX crisis adviser Michael Luttig to retire

Reuters.com Newsletter

Boeing 737 MAX crisis adviser Michael Luttig to retire

Boeing Co said on Thursday Michael Luttig, who was appointed senior adviser to the planemaker's board amid the 737 MAX crisis in May, will retire at the end of the year.

Global stocks rally to record highs; gold gains

A gauge of global equity markets and Wall Street's three major indices finished at all-time highs on Thursday in light holiday trade as a year-end rally advanced further on optimism over a U.S.-China trade agreement.

Nasdaq tops 9,000 on boosts from Amazon, trade optimism

The Nasdaq crossed the 9,000-point mark for the first time on Thursday as all three major Wall Street indexes posted record closing highs, boosted by optimism over U.S.-China trade relations and gains in shares of Amazon.com after a report signaled robust online holiday sales.

Oil up 1% at highest since September on trade pact and crude supplies

Oil prices were up about 1% to the highest in more than three months on Thursday, boosted by hopes that the China-U.S. trade fight would soon come to an end and by a report showing lower U.S. crude inventories.

Record online sales give U.S. holiday shopping season a boost: report

U.S. shoppers spent more online during this year's holiday shopping season, a report by Mastercard Inc showed on Wednesday, with e-commerce sales hitting a record high.

Peru labor watchdog says McDonalds franchisee Arcos Dorados violated law over employee deaths

Peru´s labor watchdog has found McDonalds Corp´s Latin America franchisee Arcos Dorados guilty of six "very serious" violations of local safety and health laws following the deaths of two employees in a restaurant kitchen.

Tiffany sees rise in holiday sales on higher China spending

Tiffany & Co , which is being bought by Louis Vuitton owner LVMH , on Thursday estimated sales growth of 1% to 3% during the holidays, with the biggest contribution coming from China and a recovery in the Americas.

Emerging market stocks were laggards in the past decade

Despite a strong start to this decade in 2010, emerging market stocks underperformed developed market peers and were weighed down by events such as the Chinese market sell-off, debt crises in Turkey and Argentina and the Sino-U.S. trade war.

Holiday season package returns to hit a record high, says UPS

United Parcel Service Inc expects returned packages to hit a record high following this year's holiday shipping season, as consumers shopped more online, the package delivery company said on Thursday.

Prosecutors claim Avenatti was over $15 million in debt during alleged Nike extortion

California attorney Michael Avenatti, known for representing porn actress Stormy Daniels in a lawsuit against U.S. President Donald Trump, was more than $15 million in debt when he allegedly tried to extort as much as $25 million from Nike Inc , U.S. prosecutors claimed.

China commerce ministry says in close touch with U.S. on signing trade deal

China is in close touch with the United States on signing a Phase 1 trade deal, the country's commerce ministry said on Thursday, adding that both sides are still going through necessary procedures before the signing.

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