Page 973 - Business Finance
CORRECTED: Venezuela turns to India as sanctions cut oil flow to U.S., Europe
HOUSTON/MEXICO CITY/MOSCOW (Reuters) - (ADVISORY: Corrects headline and first two paragraphs to specify Venezuela turns to India, not Asia, for oil exports. Also corrects paragraphs 5 stating Venezuelan oil is heading to India, China, Singapore, Malaysia and Japan, to clarify that the final destination of these shipments is not yet clear.)
Amazon, GM in talks to invest in electric pickup truck maker Rivian: sources
(Reuters) - Amazon.com Inc and General Motors Co are in talks to invest in Rivian Automotive LLC in a deal that would value the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter told Reuters on Tuesday.
Fed's George says she backed pausing rate hikes in order to assess impact
(Reuters) - Kansas City Federal Reserve Bank President Esther George on Tuesday said she supported a pause in interest rate increases so that the Fed could assess how much its past hikes have slowed the economy.
UK economy to make modest post-Brexit recovery if deal agreed: economists
LONDON (Reuters) - Britain's economy will barely grow in the run-up to Brexit amid concern the UK will leave the European Union without an agreement, but if there is a deal there will be a modest post-divorce upturn, according to economists polled by Reuters.
U.S.' Mnuchin hopes for 'productive' trade meetings in China
BEIJING (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Wednesday he hopes for "productive" trade meetings in China this week, as the two countries seek to hammer out an agreement amid a festering dispute that has seen both level tariffs at each other.
Asian stocks lifted by U.S.-China trade talk hopes
TOKYO (Reuters) - Asian stocks pulled ahead and safe-haven government bonds came under further pressure on Wednesday on optimism the United States and China might be able to hammer out a deal to resolve their nearly year-long trade dispute.
US stocks gain on tentative border deal
US stocks ended higher as the market has been boosted by a tentative deal by US lawmakers to keep the government open and US Federal Reserve Chairman Jerome Powell's positive remarks on US economy.
Fed to finalise plans to end balance sheet runoff 'at coming meetings': Mester
CINCINNATI (Reuters) - The Federal Reserve will chart plans to stop letting its bond holdings roll off "at coming meetings," Cleveland Fed President Loretta Mester said on Tuesday, signalling another major policy shift for the Fed after pausing interest rate hikes.
Japanese self-drive cars map developer to buy rival U.S. startup: Nikkei
(Reuters) - Japanese map platform developer Dynamic Map Platform plans to acquire Detroit-based Ushr for nearly 20 billion yen ($181.1 million) in a bid to cement a stronger position in the burgeoning self driving cars market, the Nikkei newspaper said.
Exclusive: Amazon, GM in talks to invest in electric pickup truck maker Rivian - sources
(Reuters) - Amazon.com Inc and General Motors Co are in talks to invest in Rivian Automotive LLC in a deal that would value the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter said on Tuesday.
Virgin Trains USA delays IPO plans
(Reuters) - Virgin Trains USA has delayed its plans to raise more than $500 million in an initial public offering, a company spokeswoman said on Tuesday.
GE wins most 2018 gas turbine orders; Mitsubishi wins on new technology: report
NEW YORK (Reuters) - General Electric Co booked the most orders for electricity-generating gas turbines in 2018 but fell to second place for the largest and most advanced machines, behind Mitsubishi Hitachi Power Systems, according to a closely watched report seen by Reuters and people familiar with the matter.
Exclusive: Amazon, GM in talks to invest in electric pickup maker Rivian - sources
(Reuters) - Amazon.com Inc and General Motors Co are in talks to invest in Rivian Automotive LLC in a deal that will value the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter told Reuters on Tuesday.
Oil gains one percent after Saudi Arabia pledges more output cuts
NEW YORK (Reuters) - Oil prices rose more than 1 percent on Tuesday after OPEC figures showed it cut production sharply in January, and as lead member Saudi Arabia said it would reduce its output in March by an additional 500,000 barrels.
Wall Street advances on trade hopes, deal to avert government shutdown
NEW YORK (Reuters) - Wall Street rallied on Tuesday as investors were heartened by a tentative congressional spending deal to avoid another partial federal government shutdown and by optimism surrounding U.S.-China trade negotiations.
China wants a deal with US very badly: Trump
Amid the ongoing Beijing visit of a high-powered US delegation led by its Trade Representative Robert Lighthizer to hammer out a deal with the Chinese, President Donald Trump has said China wants a trade deal with the United States very badly. "Things are going well with China. China wants to make a deal very badly. I want it to be a real deal, not just a deal that makes (it) -- you know, cosmetically look good for a year. We have a chance to make a real deal with China, Trump told reporters Tuesday after his Cabinet meeting at the White House. A high-powered American delegation led by Lighthizer is currently in China for negotiations with his Chinese counterparts on a bilateral trade deal, which, the US says, needs to bring down the bilateral trade deficit, stop Chinese theft of intellectual property and end coercion of American companies in China. Trump said he has no plans to meet his Chinese counterpart Xi Jinping in the immediate future or at the end of March. Not at this moment.
World stock markets rally on hopes for U.S.-China trade deal
NEW YORK (Reuters) - Signs that the United States and China might reach an agreement in trade talks and news of a tentative deal to avoid another government shutdown in Washington helped push world stock markets and bond yields broadly higher Tuesday.
Oil gains 1 percent after Saudi Arabia pledges more output cuts
NEW YORK (Reuters) - Oil prices rose more than 1 percent on Tuesday after OPEC figures showed it cut production sharply in January, and as lead member Saudi Arabia said it would reduce its output in March by an additional 500,000 barrels.
Blackstone to back ex-Eton Park partner with $150 million seed
BOSTON (Reuters) - Blackstone Group LP is backing a new hedge fund being run by former Eton Park partner Aaron Wertentheil with a $150 million commitment, two sources familiar with the matter said on Tuesday.
Apple's terms for subscription news service face resistance from publishers - Wall Street Journal
(Reuters) - Several publications are resisting Apple Inc's plans to keep about half of the revenue from its upcoming news subscription service, the Wall Street Journal reported on Tuesday, citing the iPhone maker's pitch to some news organizations.