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Chevron says no arbitration for now over Thai energy dispute

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Your daily briefing. Daily Investor Update Sponsored by   Chevron says no arbitration for now over Thai energy dispute U.S. energy major Chevron Corp has decided to continue negotiations with Thailand rather than seek arbitration to resolve a dispute over who should pay the bill for removing offshore oil and gas platforms, the company told Reuters on Wednesday. Italy's Panetta seen bringing rigour and art to ECB board Fabio Panetta will bring both creativity and rigorous data analysis skills to the European Central Bank's executive committee when he joins the six-member board in January, according to people who know the Bank of Italy deputy governor. Wall Street rises as investors look beyond impeachment talk U.S. stocks rose on Wednesday as investors looked past Democrats' attempt to impeach President Donald Trump, while Nike shares jumped on upbeat quarterly results. Nio raising more cash amid cost-cutting campaign Nio Inc, one of China's high-profile electric car startups, disclosed a fresh money-raising push this week, saying it had issued $200 million worth of bonds and was accelerating cost-cutting programs to slow cash burn as the company seeks to attract more investors in a slumping market. Trump says trade deal with China could happen sooner than people think U.S. President Donald Trump said on Wednesday that a deal to end a nearly 15-month trade war with China could happen sooner than people think and that the Chinese were making big agricultural purchases from the United States, including of beef and pork. Trump says impeachment inquiry could derail trade deal, Mexico markets slump U.S. President Donald Trump warned on Wednesday that an impeachment inquiry against him could derail congressional approval of a North America trade pact, dragging down Mexico's peso and stock market as investors fled riskier assets. Boeing settles first Lion Air lawsuits for at least $1.2 million apiece: sources Boeing Co has settled the first claims stemming from the crash of a Lion Air 737 MAX in Indonesia, a U.S. plaintiffs' lawyer said, and three other sources said that families of those killed will receive at least $1.2 million apiece. U.S. transport chief warns against mixed messages on Boeing's 737 MAX U.S. Transportation Secretary Elaine Chao warned regulators on Wednesday against sending conflicting messages as they work to ensure Boeing Co's 737 MAX is safe to resume operations. Luxury leader LVMH, in green mode, laments Thunberg's pessimism Environmental activist Greta Thunberg's discourse on climate change was overly pessimistic and demoralizing for young people, LVMH boss Bernard Arnault said on Wednesday, as the group behind brands like Louis Vuitton raised its "green" goals. Best Buy targets $50 billion in revenue by 2025, eyes health tech boost Best Buy Co Inc aims to rake in revenue of $50 billion and cut about $1 billion in costs by 2025, while ramping up its healthcare technology business, the biggest U.S. consumer electronics retailer said on Wednesday. Related Videos U.S., Japan announce details of new trade deal U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe announced initial details of an emerging trade deal between the two countries on Wednesday, with Trump saying it would open up Japanese markets to $7 billion worth of U.S. products. Rough Cut (no reporter narration). Breakingviews TV: Out of ashes Altria's stake in troubled vaping startup Juul may have helped burn the cigarette maker's talks for a $187 bln reunion with rival Philip Morris, explains Robert Cyran. But if Juul's value keeps falling, Philip Morris may find buying Altria too addictive to give up. Sponsored by Aberdeen Standard Investments: The potential benefits of CEFs Learn how closed-end funds can offer unique advantages and income potential for investors. Read More World news that matters. More Newsletters Get Reuters News App Get Reuters TV App               © 2019 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036 Email Preferences    |   Privacy Policy    |   Terms and Conditions