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REUTERS
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REUTERS
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FedEx cuts 2019 view on European softness, global trade concerns
U.S. package delivery company FedEx Corp on Tuesday lowered its 2019 forecast, citing weakness in Europe and signs that global trade is faltering, sending its shares down 4.4 percent in after-hours trade.
REUTERS
S&P flat as government shutdown threat, Fed decision loom
The benchmark S&P 500 stock index ended little changed in a choppy trading session on Tuesday as the possibility of a partial U.S. government shutdown raised investor jitters ahead of a highly anticipated meeting of the Federal Reserve.
REUTERS
Stocks dip ahead of Fed news; oil prices drop
Global equity markets dipped on Tuesday as nervous investors awaited indications whether the Federal Reserve will be able to raise interest rates much further amid turbulent markets and a weakening outlook for the global economy.
REUTERS
Micron quarterly revenue misses estimates on falling chip prices
Chipmaker Micron Technology Inc on Tuesday missed Wall Street estimates for quarterly revenue, hurt by falling prices for its memory chips due to a supply glut.
REUTERS
Micron quarterly revenue rises 16 percent
Chipmaker Micron Technology Inc reported a 16 percent rise in first-quarter revenue on Tuesday, helped by higher demand for its memory chips from data centers.
REUTERS
China embarks on second round of soy buying post Trump-Xi truce
Chinese importers returned to the U.S. soy market on Tuesday for their second round of purchases since the two countries agreed to a truce in their trade war, four traders with knowledge of the deals and the U.S. Soybean Export Council said.
REUTERS
FedEx quarterly revenue rises 9.2 percent
U.S. package delivery company FedEx Corp reported a 9.2 percent rise in quarterly revenue on Tuesday, driven by higher shipment volumes.
REUTERS
Citi reorganizes prime brokerage unit
Citigroup Inc is shuffling its prime brokerage business, according to an internal memo seen by Reuters, amid reports that the unit could lose millions on a bad loan to an Asian hedge fund.
REUTERS
Wall St. falls on government shutdown fears, oil swoon
U.S. stocks gave up their gains on Tuesday as energy stocks were weighed by a steep drop in oil prices and as the possibility of a partial government shutdown loomed.
1 h
REUTERS
Treasury's Mnuchin says expects January trade talks with China: Bloomberg
The United States and China are planning to hold meetings in January to "document an agreement" on trade, U.S. Treasury Secretary Steven Mnuchin told Bloomberg in an interview on Tuesday.
2 h
REUTERS
Start nibbling on oil ETFs, Russell 2000, says Jeff Tomasulo
Vespula Capital's CEO tells Reuters' Fred Katayama investors should dollar-cost average instead of making big bets in this volatile market.
2 h
REUTERS
U.S. agency to speed reviews of automaker self-driving petitions
The U.S. auto safety regulator said on Tuesday it is speeding up the process for reviewing whether automakers can deploy self-driving vehicles without devices such as brakes and steering wheels.
2 h
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Look for investment grade bonds to shine in '19, says Ajay Rajadhyaksha
Barclays' head of macro research tells Reuters' Fred Katayama a global economic slowdown will benefit high quality fixed income assets. He explains why he sees single digit percentage gains for the S&P 500.
3 h
REUTERS
Fund managers raise cash as small caps sink
The shares of small companies in the U.S. fell into a bear market Monday, but several top-performing fund managers had already been acting as if it was inevitable.
3 h
REUTERS
Glencore's Katanga pays $22 million to settle Canada regulator probe
Glencore-controlled Katanga Mining said on Tuesday it had agreed to pay more than $22 million to settle Canadian allegations of inadequate historical disclosures of its finances and activities in the Democratic Republic of Congo.
3 h
REUTERS
Breakingviews TV: New Goldman
David Solomon starts his first year as Goldman Sachs CEO with a mandate to grow the Wall Street firm, and something to prove. John Foley looks at how he could close the gap with crosstown rival Morgan Stanley, provided the bubbling 1MDB scandal doesn’t dominate his to-do list.
4 h
REUTERS
Wall St. propped up by tech stocks, financials rise ahead of Fed
U.S. stocks rebounded on Tuesday after losing about 2 percent in each of the past two days, helped by gains in the technology sector, and a rebound in some bellwether stocks such as Boeing and J&J.
4 h
REUTERS
Lovot - the robot that encourages you to love
Japanese startup Groove X, founded by an alumni of SoftBank Group Corp's robotics unit, has unveiled its first creation, a companion robot designed to make users happy. As Ivor Bennett reports the Lovot, a mash-up of "love" and "robot", cannot help with the housework but it will apparently "draw out your ability to love."
5 h
REUTERS
German auto supplier to plead guilty, pay $35 million fine in VW emissions case
German auto supplier IAV Gmbh agreed to plead guilty and pay a $35 million fine for conspiring to assist Volkswagen AG in its effort to evade U.S. diesel emissions standards, the U.S. Justice Department said on Tuesday.
5 h
REUTERS
Your Money: Why safety matters for your cash
Would you sacrifice the safety of your savings for $60?
5 h
REUTERS
GM cutting 50 jobs at U.S. battery plant tied to Chevy Volt
General Motors Co said on Tuesday it plans to cut 50 jobs at a suburban Detroit lithium-ion battery assembly plant after the largest U.S. automaker announced last month it will end production of its plug-in hybrid Chevrolet Volt in 2019.
5 h
REUTERS
Global economy: Santa tightens belt - leaner times ahead ....
Japan's government has revised down its forecasts for economic growth and consumer prices as natural disasters and weakening export demand weighed on the economy. As David Pollard reports, there were also warnings that Germany's economy faces a "lean" Christmas and the UK's is set for the slowest growth since 2009.
5 h
REUTERS
Facebook's Sandberg cites need to do more after reports of Russia meddling
Facebook Inc's Chief Operating Officer Sheryl Sandberg said on Tuesday the company needs to step up its efforts to curb misinformation after research revealed that Russia-backed organizations targeted African-Americans, who favored Hillary Clinton, to suppress voter turnout during the 2016 election.
5 h
REUTERS
Oil prices tumble
Oil prices fell 4 percent on Tuesday after reports of swelling inventories and forecasts of record U.S. and Russian output combined with a sharp sell-off in stock markets. Fred Katayama reports.
6 h
REUTERS
As stores suffer, it's not just the web to blame
Clothing retailers across Europe are suffering poor sales, and as the malaise spreads to online stores as well, it seems it's not just competition from the web to blame. Reuters' Sonya Dowsett looks into the sector's woes.
6 h
REUTERS
US STOCKS SNAPSHOT-Wall St opens higher on tech boost; Fed in focus
U.S. stocks opened higher on Tuesday boosted by technology shares, as investors wait for clues on the Federal Reserve's path for future rate hikes.
8 h
REUTERS
Volkswagen may have to step up electric car plans to meet EU CO2 targets
Volkswagen may have to step up its plans for mass production of electric vehicles in order to meet tougher-than-expected European targets to cut greenhouse emissions from cars, its chief executive said on Tuesday.
8 h
REUTERS
Futures climb heading into Fed meeting
U.S. stock index futures climbed on Tuesday, following a rocky start to the week, as investors focus on a two-day meeting where the Federal Reserve is expected to raise interest rates for the fourth time this year and signal the path of future rate hikes.
REUTERS
Growth fears grip world markets ahead of Fed meeting
World stock markets, the U.S. dollar and oil prices tumbled on Tuesday as fears about a slowing global economy gripped investors, just as the U.S. Federal Reserve looks set this week to deliver its fourth interest rate hike of the year.
REUTERS
Kroger starts use of unmanned vehicles for delivery in Arizona
U.S. supermarket chain Kroger Co said on Tuesday it has started using unmanned autonomous vehicles to deliver groceries Scottsdale, Arizona in partnership with Silicon Valley startup Nuro.
REUTERS
A world away, sting lingers from Fed's rate hikes
Indirectly and often subtly, people everywhere feel it when the U.S. Federal Reserve taps the brakes on the world's biggest economy, as it is poised to do again this week.
REUTERS
Investors gloomiest in a decade about world economy: BAML survey
Investor confidence has deteriorated further with more fund managers expecting global growth to weaken over the next 12 months, the worst outlook in a decade, Bank of America Merrill Lynch's December...
REUTERS
Huawei to spend $2 billion over five years in cybersecurity push
Huawei Technologies [HWT.UL] on Tuesday said it would spend $2 billion over the next 5 years to focus on cybersecurity by adding more people and upgrading lab facilities, as it battles global concerns about risks associated with its network gear.The typically secretive Chinese technology giant made the comments at one of its most indepth press conferences at its Dongguan offices, after welcoming about two dozen international journalists into its new campus in the southern C
REUTERS
Indian regulator says Reuters report on J&J baby powder 'under consideration'
India's federal drug regulator said on Tuesday a Reuters report that Johnson & Johnson knew for decades that cancer-causing asbestos lurked in its baby powder was "under consideration".
REUTERS
Malaysia says Goldman Sachs failed to disclose key facts in 1MDB bond sales
Goldman Sachs Group Inc made untrue statements and omitted key facts in offering circulars for the bonds it sold for Malaysian state fund 1MDB, the Malaysian government said in criminal charges against the U.S. bank.
REUTERS
Cash-strapped South African Airways expands Emirates code sharing
South African Airways (SAA) said on Tuesday that it had signed a deal with Emirates [EMIRA.UL] to expand an existing codeshare agreement, in a rare bright spot for the cash-strapped airline.
REUTERS
Italy's UniCredit settles dispute with Caius
UniCredit and British hedge fund Caius have settled a dispute over complex financial instruments which count toward Italy's biggest bank's capital, the two companies said.
REUTERS
Asia shares sink as global growth worries deepen
Asian share markets sank on Tuesday as heightened worries about a slowing global economy sent Wall Street stocks skidding to their lowest levels in more than a year.
REUTERS
South Korea to provide $3 billion in financial support for troubled auto suppliers
South Korea unveiled a policy package to support its embattled car parts makers industry that includes providing financial support worth over 3.5 trillion won ($3.10 billion) and encouraging the use of electric cars.
REUTERS
UPDATE 1-Qualcomm says Apple violating Chinese court order, despite new software
Qualcomm Inc said it believes Apple Inc remains in violation of a Chinese court's orders to stop selling iPhones despite a software update that Apple pushed on Monday.
REUTERS
'Who would be the stupidest person America could elect president?'
Actors and producers of 'The Simpsons' mark 30 years of series at Empire State Building and reflect on prediction of Donald Trump as president and impact of hit series. Rough Cut (no reporter narration).
REUTERS
UPDATE 1-J&J moves to limit impact of Reuters report on asbestos in Baby Powder
Johnson & Johnson on Monday scrambled to contain fallout from a Reuters report that the healthcare conglomerate knew for decades that cancer-causing asbestos lurked in its Baby Powder, taking out full-page newspaper ads defending its product and practices, and readying its chief executive for his first television interview since investors erased tens of billions of dollars from the company’s market value.
REUTERS
Oracle sees strong third quarter on cloud strength, share rise
Oracle Corp on Monday forecast current-quarter profit above estimates after growth in its cloud services and license support unit helped the business software maker surpass Wall Street expectations for the second quarter.
REUTERS
No Uber or Airbnb in South Korea: Red tape, risk-aversion hobble start-ups
When Choi Ba-da pitched his car-sharing firm Luxi to Hyundai Motor officials in 2017, he told them there would be no future for South Korea's top automaker if it failed to embrace emerging technologies.
REUTERS
Oil falls, U.S. crude dips below $50 on oversupply fears
Oil prices fell more than 2 percent on Monday, with U.S. crude tumbling below $50 a barrel, on signs of oversupply in the United States and as investor concern over global economic growth and fuel demand grows.
REUTERS
Wall Street's main small-cap index drops into bear market
Wall Street's most widely followed benchmark of small-cap stocks tumbled into a bear market on Monday as investors grew more worried about slower profit growth and rising interest rates.
REUTERS
Renault-Nissan board meets amid deepening leadership crisis
Renault and Nissan executives will gather on Tuesday for a board meeting of their car making alliance, two sources said, amid tensions over the future of the partnership in the wake of Chairman Carlos Ghosn's arrest last month.
REUTERS
J&J announces $5 billion share buyback after shares extend losses
Johnson & Johnson announced a stock repurchase of up to $5 billion on Monday, following Friday's Reuters report that the healthcare conglomerate knew for decades that its Baby Powder contained cancer-causing asbestos, which wiped off about $40 billion from the company's market capitalization.
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