Can he 'ride it out'? Pompeo future uncertain after impeachment testimony
Today, 01:09
By Jonathan Landay and Matt Spetalnick WASHINGTON (Reuters) - Testimony on Wednesday that U.S. Secretary of State Mike Pompeo played a more central role than previously known in President Donald Trump’s Ukraine dealings has fueled uncertainty within the administration about the top diplomat's future. Gordon Sondland, the U.S. ambassador to the European Union and a key figure in the Democratic-led impeachment inquiry against Trump, depicted ..
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Yen rises, yuan falls as U.S.-China trade deal this year looks unlikely
Today, 01:06
By Stanley White TOKYO (Reuters) - The yen rose against the dollar on Thursday after sources close to the White House told Reuters that a U.S.-China trade deal is unlikely this year, which spurred demand for safe-haven assets. The yuan eased toward a two-week low in offshore trade as failure to reach a deal to roll back U.S. tariffs would cause a further slowdown in China's economy and complicate efforts to keep growth on track. Some ..
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Fed holds off on permanent lending tool as policymakers mull details
Today, 01:03
By Matt Scuffham and Jonnelle Marte NEW YORK (Reuters) - The Federal Reserve will hold off deciding whether to introduce a permanent lending facility aimed at staving off the money market ructions seen earlier this fall even as a growing number of policymakers warm to the idea, several sources told Reuters. Concerns ranging from how to fine tune such a facility to whether the temporary solution the Fed installed several weeks ago is sufficient ..
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Google changes election ads policy to limit targeting
Today, 00:30
By Elizabeth Culliford (Reuters) - Alphabet Inc's (O:GOOGL) Google will stop giving advertisers the ability to target election ads using data such as public voter records and general political affiliations, the company said in a blog post on Wednesday. The move comes at a time when social media platforms are under pressure over their handling of political advertising ahead of the U.S. presidential election in 2020. Social media giant ..
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Ukraine officials knew about hold on aid earlier than reported
Today, 00:27
WASHINGTON (Reuters) - A senior U.S. Department of Defense official testified on Wednesday that Ukrainian officials knew President Donald Trump's administration was withholding military assistance in July, undercutting a key Republican defense of the president's actions in the impeachment inquiry. Deputy Assistant Secretary of Defense Laura Cooper testified at a hearing in the impeachment inquiry into Trump that has largely focused on ..
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United Auto Workers president resigns amid corruption probe: source
Today, 00:24
(Reuters) - United Auto Workers (UAW) President Gary Jones resigned ON Wednesday after being linked to an ongoing corruption probe by U.S. federal officials, a union source confirmed to Reuters. Jones' lawyer Bruce Maffeo told the Detroit News that the union president had decided to resign effective immediately. Maffeo did not respond to repeated requests from Reuters, and a UAW spokesman said he could not confirm the resignation. The ..
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EU Doubts Trump Will Follow Up on Threat of Tariffs on Car Imports
Today, 00:21
(Bloomberg) -- The European Union’s chief trade negotiator said the U.S. likely won’t follow through on a threat to impose tariffs on car imports, a move that would have radically escalated trade tensions between the two economies. EU Commissioner Cecilia Malmstrom said that because a U.S. deadline for the tariffs came and went last week without any action, President Donald Trump would abide by an agreement reached with European Commission ..
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Chicago Trading Titan Don Wilson Says Libor’s Obituaries Are Premature
Today, 00:18
(Bloomberg) -- Chicago trading legend Don Wilson suspects the scandal-tainted Libor interest-rate benchmark is going to stick around past its 2021 expiration date, defying the expectations of the Federal Reserve and other regulators. In two years, banks will no longer be required to supply data used to calculate the London Interbank Offered Rate. But that doesn’t mean they’ll stop, Wilson, the chief executive officer and founder of ..
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Chicago Trading Titan Don Wilson Says Libor’s Obituaries Are Premature
Today, 00:15
(Bloomberg) -- Chicago trading legend Don Wilson suspects the scandal-tainted Libor interest-rate benchmark is going to stick around past its 2021 expiration date, defying the expectations of the Federal Reserve and other regulators. In two years, banks will no longer be required to supply data used to calculate the London Interbank Offered Rate. But that doesn’t mean they’ll stop, Wilson, the chief executive officer and founder of ..
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Trudeau Leans on Freeland, Morneau in Second-Term Cabinet Revamp
Today, 00:12
(Bloomberg) -- Justin Trudeau gave a vote of confidence to his two most effective ministers to oversee the thorniest issues facing his government as he starts a second term in power after last month’s bruising election. The Canadian prime minister announced a new cabinet Wednesday that keeps Bill Morneau at the helm of the finance department and moves Chrystia Freeland from foreign affairs to deputy prime minister, which will give her wide berth ..
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Latest News

L Brands Earnings inline, Revenue Misses In Q3
Today, 04:06
Investing.com - L Brands (NYSE:LB) reported third quarter earnings that matched analysts' expectations on Wednesday and revenue that fell short of forecasts. The firm reported earnings per share of $0.02 on revenue of $2.68B. Analysts polled by Investing.com anticipated EPS of $0.02 on revenue of $2.69B. That compared to EPS of $0.16 on revenue of $2.77B in the same period a year earlier. The company had reported EPS of $0.24 on revenue of $2.9B ..
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Micron relationship with Huawei 'very good', chief executive says
Today, 04:03
(Reuters) - American memory chipmaker Micron's relationship with China's tech giant Huawei [HWT.UL] 'continues to be very good', its chief executive, Sanjay Mehrotra, said on Thursday. He was speaking to broadcaster CNN on the sidelines of the Bloomberg New Economy Forum in Beijing. ..
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Apple, Intel file antitrust case against SoftBank-backed firm over patent practices
Today, 03:09
SAN FRANCISCO (Reuters) - Apple Inc (NASDAQ:AAPL) and Intel Corp (NASDAQ:INTC) on Wednesday filed an antitrust lawsuit against Softbank Group Corp-owned Fortress Investment Group, alleging the firm stockpiled patents to hold up technology companies with lawsuits. The suit follows an earlier case filed by Intel against Fortress in October. Intel withdrew that suit and on Wednesday filed a new version in the U.S. District Court for the Northern ..
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Factbox: How social media services handle political ads
Today, 03:06
By Elizabeth Culliford SAN FRANCISCO (Reuters) - Online platforms including Facebook (NASDAQ:FB) and Alphabet (NASDAQ:GOOGL) Inc's Google face growing pressure to stop carrying political ads that contain false or misleading claims ahead of the U.S. presidential election. In the United States, the Communications Act prevents broadcast stations from rejecting or censoring ads from candidates for federal office once they have accepted ..
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Mexicans sue Walmart over Texas shooting that left victims on both sides of border
Today, 03:03
MEXICO CITY (Reuters) - Ten Mexican citizens have sued Walmart (NYSE:WMT) over the shooting at a store in the U.S. border town of El Paso, Texas, that killed eight Mexicans and left eight more injured, saying that Walmart did not do enough to protect its customers, Mexico said on Wednesday. The suspected gunman told police he was targeting "Mexicans" in the August shooting, which killed 22 people in total. Mexico's Foreign ..
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Oil dips on worries U.S.-China trade deal could slip to next year
Today, 02:09
By Koustav Samanta SINGAPORE (Reuters) - Oil prices retreated on Thursday as a spat over Hong Kong added to worries of a delay in any U.S.-China trade deal, after posting steep gains in the previous session on bullish U.S. crude inventory data. The trade war between the world's two biggest economies has dominated the outlook for future oil demand, and trade experts have warned the completion of a "phase one" U.S.-China trade deal could slip ..
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Google to let sites block personalized ads under California privacy law
Today, 02:06
By Paresh Dave SAN FRANCISCO (Reuters) - Websites and apps using Google's advertising tools will be able to block personalized ads to internet users in California and elsewhere as part of the Alphabet (NASDAQ:GOOGL) Inc unit's effort to help them comply with the state's new privacy law, it told clients this week. The California Consumer Privacy Act (CCPA), which goes into effect on Jan. 1, requires large businesses to let ..
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Apple supplier Japan Display says executive embezzled $5.25 million
Today, 02:03
TOKYO (Reuters) - Japan Display Inc said on Thursday it dismissed an accounting executive last year for embezzling about $5.3 million over four years since the Apple Inc (NASDAQ:AAPL) supplier went public in 2014. JDI said in a statement it had filed a criminal complaint against the former employee and that it was cooperating with police. The embezzlement was first reported by the Asahi newspaper on Thursday. The employee had defrauded the ..
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Asian shares slide as Sino-U.S. spat on Hong Kong clouds trade deal outlook
Today, 01:15
By Hideyuki Sano TOKYO (Reuters) - Global shares slid on Thursday as a fresh row between Washington and Beijing over U.S. bills on Hong Kong could complicate their trade negotiation and delay a "phase one" deal that investors had initially hoped to be inked by now. MSCI's broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) fell 0.16% while Japan's Nikkei (N225) dropped 0.25%. U.S. S&P500 futures (ESc1) dropped 0.2% in ..
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Alibaba to pay banks up to $32.3 million in fees for Hong Kong listing
Today, 01:12
By Scott Murdoch (Reuters) - China's Alibaba (N:BABA) will pay its investment banking syndicate up to $32.3 million for leading its Hong Kong listing which will raise up to $12.9 billion, according to documents filed with U.S. securities regulators. The e-commerce giant employed two co-sponsors, China International Capital Corp (CICC) and Credit Suisse (S:CSGN), to head the deal which has been carried out over the past week. The two lead ..
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