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Dollar index records smallest ever annual move in 2019

December 31, 2019 by  
Filed under News

The U.S. dollar index recorded its smallest-ever annual move in 2019, up just 0.24% for the year after a drop in December reversed early gains as trade hopes and investor confidence diminished demand for the safe-haven asset.


Source: Reuters Business News

Trump says U.S.-China trade deal will be signed on January 15

December 31, 2019 by  
Filed under News

U.S. President Donald Trump said on Tuesday that Phase 1 of trade deal with China would be signed on Jan. 15 at the White House, though considerable confusion remains about the details of the agreement.


Source: Reuters Business News

Tesla must face lawsuit claiming racism at California factory

December 31, 2019 by  
Filed under News

A federal judge rejected Tesla Inc’s effort to dismiss claims by two former workers that the California electric car factory where they worked was a hotbed of racial hostility, clearing the way for a possible trial.


Source: Reuters Business News

Oil falls but on track for biggest yearly rise since 2016

December 31, 2019 by  
Filed under News

Oil prices edged lower on the last trading day of the decade on Tuesday but were still on track for monthly and annual gains, supported by a thaw in the prolonged U.S.-China trade row and Middle East unrest.


Source: Reuters Business News

Wall Street inches lower as year-end record rally cools off

December 31, 2019 by  
Filed under News

Wall Street dipped in thin trading on the last day of the decade as a year-end rally powered by optimism around trade and an improving global outlook fizzled out, though the S&P 500 was still on course for its best year since 2013.


Source: Reuters Business News

'Do Not Sell My Info': U.S. retailers rush to comply with California privacy law

December 30, 2019 by  
Filed under News

U.S. retailers including Walmart Inc will add “Do Not Sell My Info” links to their websites and signage in stores starting Jan. 1, allowing California shoppers to understand for the first time what personal and other data the retailers collect, sources said.


Source: Reuters Business News

Wall Street's record rally loses steam on profit-taking

December 30, 2019 by  
Filed under News

U.S stock indexes slipped from record highs on Monday as investors booked profits on the penultimate day of the decade after optimism over improving U.S.-China trade relations fueled a Wall Street rally this month.


Source: Reuters Business News

Nestle wraps up 20 billion Swiss franc share buyback, launches new program

December 30, 2019 by  
Filed under News

Swiss food giant Nestle said on Monday it had completed a 20 billion Swiss franc ($20.7 billion) share buyback program and reiterated plans for a new one up to the same amount starting next year.


Source: Reuters Business News

Tesla delivers first China-made Model 3 sedans in just under a year

December 30, 2019 by  
Filed under News

Tesla has started delivering Model 3 electric cars built at its Shanghai factory in just under a year since it began work on the $2 billion plant, a record for global automakers in China, and said it would ramp up deliveries from next month.


Source: Reuters Business News

World stocks slip as rally pauses, dollar eases

December 30, 2019 by  
Filed under News

The dollar slid on Monday on a loss of safe-haven appeal, and global stock markets fell as a year-end rally lost steam after pushing stocks to record highs in 2019.


Source: Reuters Business News

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