Wednesday 18 December 2019

Daily Investor Update: Oil steadies on U.S. crude inventories fall, demand hopes

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Oil steadies on U.S. crude inventories fall, demand hopes

Oil prices steadied on Wednesday after U.S. government data showed a decline in crude inventories and on expectations for an uptick in demand next year on the back of progress in resolving the U.S.-China trade fight.

U.S. SEC proposes allowing more investors access to private companies

The U.S. Securities and Exchange Commission on Wednesday proposed changes to its decades-old definition of a professional investor in order to allow more Americans to buy shares in private companies.

Peruvian prosecutor investigating deaths of two McDonald's employees

A Peruvian prosecutor's office said it was investigating the death of two teenaged employees in a McDonald's-branded restaurant in Lima, in an incident that has spurred protests against the fast-food giant in the South American nation.

Dollar gains on Fed rates view, stocks edge higher

The dollar gained on Wednesday as improving economic data squashed the likelihood of a Federal Reserve interest rate cut in 2020, while global equity markets extended a rally that again pushed key indices on Wall Street to record highs.

Dish chief Ergen says he asked for senator's help on T-Mobile/Sprint

Dish Network Corp Chairman Charlie Ergen testified on Wednesday that the Justice Department's antitrust chief advised him in May to ask a senator to speak to the Federal Communications Commission about approving a key piece of the merger of wireless carriers T-Mobile and Sprint .

Wall Street builds on record-setting rally; FedEx drops

The S&P 500 inched to an all-time high on Wednesday, extending a record-setting run on investors' optimism about global economic growth, though a steep drop in FedEx Corp shares limited gains.

Brazilian regulator says Vale dam near Brumadinho is structurally sound

A dam owned by iron ore company Vale SA that was the subject of an investigative report by a TV program last week is structurally sound and there is no reason for concern, Brazil's national mining regulator said late on Tuesday.

Daimler, BMW exiting North American car-sharing market

BMW AG and Daimler AG said Wednesday they plan to exit the North American car-sharing market and will halt operations in Montreal, New York, Seattle, Washington D.C. and Vancouver.

Swatch threatens to seek damages over Swiss antitrust agency's measures

Swatch Group threatened on Wednesday to pursue damages after it said the Swiss competition authority COMCO wants to prohibit the world's biggest watch maker from supplying watch mechanisms to other companies during 2020.

Exclusive: Freddie Mac offers early retirement to 25% of workforce - sources

Freddie Mac has offered early retirement to around 25% of its staff as it begins to overhaul its workforce amid a broader push by the Trump administration to reform the housing finance giant, according to four people briefed on the matter.

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