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Reuters Company News
Jun 26, 2019

Social platform Reddit quarantines major pro-Trump community over violence threats
Social media site Reddit restricted access to a major forum for supporters of U.S. President Donald Trump, citing threats of violence against police and public officials.

Reuters Company News
Jun 26, 2019

Investor Icahn steps up fight to replace four Occidental directors
Activist investor Carl Icahn on Wednesday stepped up his fight against Occidental Petroleum's board of directors, signaling he plans to seek support to call a shareholder meeting where he could put up a slate of four board candidates.

Reuters Company News
Jun 26, 2019

UPDATE 3-U.S. FAA identifies new risk on Boeing 737 MAX
The U.S. Federal Aviation Administration has identified a new potential risk that Boeing Co must address on its 737 MAX before the grounded jet can return to service, the agency said on Wednesday.

Reuters Company News
Jun 26, 2019

UPDATE 2-Huawei Technologies loses trade secrets case against U.S. chip designer
A U.S. jury on Wednesday cleared California semiconductor designer CNEX Labs Inc of stealing trade secrets from Chinese electronics giant Huawei Technologies Co Ltd while awarding CNEX no damages on its own trade theft counter claims.

Reuters Company News
Jun 26, 2019

Offshore firm EnVen co-founder exits, sues company citing misconduct
An EnVen Energy Corp co-founder claims the chief executive of the offshore oil and gas producer provided misleading production and financial data to the board and forced him out as president, according to a lawsuit in a Texas court.

Reuters Company News
Jun 26, 2019

UPDATE 1-Pieridae to buy Shell Canada gas assets for C$190 mln
Canada's Pieridae Energy will buy gas assets in Alberta from Royal Dutch Shell for C$190 million ($144.77 million), Pieridae said on Wednesday, securing supply for its planned liquefied natural gas plant in eastern Canada.

Reuters Company News
Jun 26, 2019

UPDATE 1-Scotiabank to sell Puerto Rico, U.S. Virgin Islands operations to Oriental Bank
Bank of Nova Scotia, Canada's third biggest lender, said on Wednesday it would sell its operations in Puerto Rico and the U.S. Virgin Islands to Oriental Bank for $560 million in cash.

Reuters Company News
Jun 26, 2019

CORRECTED-UPDATE 1-Buffett-backed Axalta Coating Systems to explore a sale
Axalta Coating Systems Ltd, the U.S. coatings company whose largest shareholder is Warren Buffett's Berkshire Hathaway Inc, said on Wednesday it had formed a board committee to explore a sale of the company.

Reuters Company News
Jun 26, 2019

U.S. EPA breathes new life into controversial Alaska mining project
The U.S. Environmental Protection Agency said on Wednesday it would reconsider a 2014 decision that had stopped development of Alaska's Pebble Mine, the world's biggest undeveloped copper and gold project.

Reuters Company News
Jun 26, 2019

United Airlines extends 737 MAX cancellations until Sept. 3
United Airlines said on Wednesday it has decided to remove the Boeing 737 MAX from its flying schedule until Sept. 3, leading to about 1,900 total flight cancellations in August.

Reuters Company News
Jun 26, 2019

Pieridae to buy Shell Canada oil and gas assets for C$190 mln
Canada's Pieridae Energy will buy oil and gas assets in Alberta from Royal Dutch Shell for C$190 million ($144.77 million), Pieridae said on Wednesday, securing supply for its planned liquefied natural gas plant in eastern Canada.

Reuters Company News
Jun 26, 2019

CORRECTED-Scotiabank to sell Puerto Rico, U.S. Virgin Islands operations to Oriental Bank
Scotiabank, Canada's third biggest lender, said on Wednesday it would sell its operations in Puerto Rico to Oriental Bank for $550 million in cash.

Reuters Company News
Jun 26, 2019

Flint Hills explores sale of Texas crude export terminal
U.S. oil refiner Flint Hills Resources is exploring the sale of its crude export terminal near Corpus Christi, Texas, and has hired JP Morgan Chase to market the assets, the company said on Wednesday.

Reuters Company News
Jun 26, 2019

REFILE-Canadian businesses have a message ahead of the election: We need immigrant workers
Canadian unemployment is at an all-time low and businesses have a message for politicians ahead of October's national election: We need immigrant workers so do not make the campaign about keeping them out.

Reuters Company News
Jun 26, 2019

US STOCKS-S&P 500 dips as healthcare declines counter tech gains
* Trade hopes muddied after mixed messages from Mnuchin, Trump

Reuters Company News
Jun 26, 2019

CORRECTED-Canadian businesses have a message ahead of the election: We need immigrant workers
Canadian unemployment is at an all-time low and businesses have a message for politicians ahead of October's national election: We need immigrant workers so do not make the campaign about keeping them out.

Reuters Company News
Jun 26, 2019

Centerbridge in exclusive talks to buy Magellan Health - WSJ
U.S. healthcare plan and pharmacy benefits manager Magellan Health Inc is in exclusive talks for a possible sale to private equity firm Centerbridge Partners LP, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

Reuters Company News
Jun 26, 2019

UPDATE 4-U.S. EPA air chief under ethics scrutiny resigns
Bill Wehrum, the U.S. Environmental Protection Agency official in charge of revising power plant rules and revamping vehicle emission standards who came under scrutiny for ethics allegations, will step down in days, he said on Wednesday.

Reuters Company News
Jun 26, 2019

US STOCKS SNAPSHOT-S&P 500 dips as healthcare declines counter tech gains
The S&P 500 ended slightly lower on Wednesday as gains in technology stocks were offset by a drop in healthcare shares, and investors parsed mixed messages regarding the state of ongoing U.S.-China trade talks.

Reuters Company News
Jun 26, 2019

Bank of America to stop financing operators of private prisons, detention centers
Bank of America Corp said on Wednesday it will no longer finance operators of private prisons and detention centers, joining peers in distancing itself from a sector that has triggered protests over the Trump administration's immigration policies.

Reuters Company News
Jun 26, 2019

UPDATE 1-Huawei Technologies loses trade secrets case against U.S. chip designer
A U.S. jury on Wednesday cleared California semiconductor designer CNEX Labs Inc of stealing trade secrets from Chinese electronics giant Huawei Technologies .

Reuters Company News
Jun 26, 2019

Deals of the day-Mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

Reuters Company News
Jun 26, 2019

EMERGING MARKETS-Most Latam currencies firm on trade optimism, stocks largely down
Latin American stocks mostly fell and Brazil's real traded flat on Wednesday, while most other regional currencies firmed on measured optimism around the Sino-U.S. trade dispute. Against a steady dollar, most Latam currencies recovered from losses logged last session after comments by U.S. Federal Reserve officials quashed hopes of a half-point cut in interest rates. Mexico's peso firmed 0.5% after three days of losses, while

Reuters Company News
Jun 26, 2019

U.S. Supreme Court's business-friendly reputation takes a hit
The U.S. Supreme Court in its term that concludes this week was not quite as business friendly as it has been in recent years, with President Donald Trump's appointee Brett Kavanaugh writing a pivotal one of the batch of rulings that defied corporate interests.

Reuters Company News
Jun 26, 2019

CORRECTED-UPDATE 1-Axalta CEO resigns after company says conduct inconsistent with policy (Oct. 8)
Axalta Coating Systems Ltd said on Monday Chief Executive Officer Terrence Hahn has resigned after an investigation by an external counsel found conduct that Axalta believed was inconsistent with the company's policies.

Reuters Company News
Jun 26, 2019

UPDATE 5-Tesla's senior production executive at Fremont facility quits - source
Tesla Inc's vice president of production at its Fremont factory, Peter Hochholdinger, has left after three years with the electric-car maker, a source familiar with the matter told Reuters.

Reuters Company News
Jun 26, 2019

UPDATE 3-Wayfair workers, supporters protest furniture sale to U.S. immigrant camp
Several hundred people, including employees of Wayfair Inc, rallied in Boston on Wednesday to protest the online retailer's sale of furniture for a Texas detention facility housing migrant children.

Reuters Company News
Jun 26, 2019

Huawei Technologies loses trade secrets theft case against U.S. chip designer
A U.S. jury on Wednesday cleared California semiconductor designer CNEX Labs Inc of stealing trade secrets from Chinese electronics giant Huawei Technologies .

Reuters Company News
Jun 26, 2019

FOREX-Dollar holds steady on reduced bets on steep U.S. rate cut
The dollar held steady against a basket of currencies on Wednesday as traders rolled back bets of an aggressive interest rate decrease next month

Reuters Company News
Jun 26, 2019

UPDATE 2-U.S. court to decide Venezuelan fight for control of refiner Citgo
A U.S. court will decide whether a board of directors appointed by Venezuelan President Nicolas Maduro or one backed by his rival, opposition leader Juan Guaido, runs the eighth-largest U.S. refiner, Citgo Petroleum Corp.

Reuters Company News
Jun 26, 2019

UPDATE 2-Bayer seeks glyphosate litigation advice as Elliott reveals stake
* Activist shareholder Elliott says holds shares worth 1.1 bln eur

Reuters Company News
Jun 26, 2019

Canada teams up with tech giants to counter extremist content online
Canada announced funding and other initiatives on Wednesday to counter violent extremist content online by teaming with major technology companies Twitter, Facebook, Microsoft and Alphabet's Google.

Reuters Company News
Jun 26, 2019

UPDATE 1-Hexagon CEO Rollen found not guilty of insider trading in appeals case
* High-profile Swedish CEO found not guilty of insider trading

Reuters Company News
Jun 26, 2019

UPDATE 3-Trump says he can fire Fed's Powell; it's not that simple
U.S. President Donald Trump accused Federal Reserve Chairman Jerome Powell on Wednesday of doing a "bad job" and "out to prove how tough he is," but any move to oust him would likely touch off a legal fight with big repercussions in financial markets as well.

Reuters Company News
Jun 26, 2019

UPDATE 2-Bitcoin soars past $13,000 as Facebook's Libra fuels demand
* Bitcoin's CME futures spur buying activity (Adds analyst comments, new bitcoin high, updates prices, adds NEW YORK to dateline)

Reuters Company News
Jun 26, 2019

UPDATE 1-General Electric's machinists oppose tentative labor deal
The machinists union said on Wednesday it opposes a tentative labor contract reached this week with General Electric Co, potentially impeding the Boston-based conglomerate's efforts to avoid labor unrest during a difficult period.

Reuters Company News
Jun 26, 2019

UPDATE 2-Wayfair workers, supporters protest furniture sale to U.S. immigrant camp
Several hundred people, including employees of Wayfair Inc, rallied in Boston on Wednesday to protest the online retailer's sale of furniture for a Texas detention facility housing migrant children.

Reuters Company News
Jun 26, 2019

US STOCKS-Wall St gains on tech rally, trade hopes rekindled
Technology shares led the S&P 500 and the Nasdaq higher on Wednesday after remarks by Treasury Secretary Steven Mnuchin rekindled hopes for a de-escalation of U.S.-China trade tensions and brought buyers back from the sidelines.

Reuters Company News
Jun 26, 2019

China's shutout of Canadian meat scrambles global pork flow
China's decision to block imports of Canadian meat has set off a global chain reaction in pork trading but it will do little to curb overall demand as a disease ravaging the Chinese hog herd elevates prices, industry experts say.

Reuters Company News
Jun 26, 2019

General Electric's machinists oppose tentative labor deal
The machinists union said on Wednesday it opposes a tentative labor contract reached this week with General Electric Co, potentially impeding the Boston-based conglomerate's efforts to avoid labor unrest during a difficult period.

Reuters Company News
Jun 26, 2019

UPDATE 2-FDA approves expanded label for Regeneron/Sanofi's Dupixent
The U.S. Food and Drug Administration on Wednesday approved Regeneron Pharmaceuticals Inc and Sanofi SA's drug Dupixent to treat nasal polyps, marking the third major use for the injectable medicine.

Reuters Company News
Jun 26, 2019

PRECIOUS-Gold drops as bets fade for big Fed rate cut fade; eyes on trade talks
Gold prices dipped on Wednesday on signals the U.S. Federal Reserve would not make too steep a cut to interest rates next month, but still held ground above the key psychological $1,400 level.

Reuters Company News
Jun 26, 2019

UPDATE 1-U.S. court to decide which of two Venezuelan boards runs Citgo Petroleum
A U.S. court will decide whether a board of directors appointed by Venezuelan President Nicolas Maduro or one backed by his rival, opposition leader Juan Guaido, runs the eighth-largest U.S. refiner, Citgo Petroleum Corp.

Reuters Company News
Jun 26, 2019

Hexagon CEO Rollen found not guilty of insider trading in appeals case
Hexagon Chief Executive Ola Rollen was found not guilty of insider share trading, an Oslo appeals court said on Wednesday, upholding the verdict of a lower court.

Reuters Company News
Jun 26, 2019

UPDATE 1-Resurgent health insurer stocks face test at Democratic debates
Shares of U.S. health insurers that have rebounded in the past two months could come under pressure this week as Democrats square off in their first presidential debates, with healthcare policy reform potentially high on the agenda.

Reuters Company News
Jun 26, 2019

UAE's Umm Lulu oilfield production capacity to reach more than 100,000 bpd in 2020 -ADNOC
Abu Dhabi National Oil Company (ADNOC) said on Wednesday that the Umm Lulu oilfield's production capacity is expected to reach more than 100,000 barrels per day in 2020.

Reuters Company News
Jun 26, 2019

REFILE-FDA approves expanded label for Regeneron/Sanofi's Dupixent
The U.S. Food and Drug Administration approved Regeneron Pharmaceuticals Inc and Sanofi SA's drug Dupixent to treat nasal polyps, the companies said on Wednesday.

Reuters Company News
Jun 26, 2019

UPDATE 1-Bayer seeks outside advice on litigation as Elliott reveals stake
* Activist shareholder Elliott says holds shares worth 1.1 bln eur

Reuters Company News
Jun 26, 2019

UPDATE 1-FDA approves expanded label for Regeneron/Sanofi's Dupixent
The U.S. Food and Drug Administration on Wednesday approved Regeneron Pharmaceuticals Inc and Sanofi SA's drug Dupixent to treat nasal polyps, marking the third major use for the injectable medicine.

Reuters Company News
Jun 26, 2019

UPDATE 3-U.S. EPA air chief under ethics scrutiny resigns
Bill Wehrum, the U.S. Environmental Protection Agency official in charge of revising power plant rules, revamping vehicle emission standards and biofuels, who was under scrutiny for ethics allegations, is stepping down June 30, the agency said on Wednesday.

Reuters Company News
Jun 26, 2019

FDA approves expanded label for Regeneron/Sanofi's Dupixent
The U.S. Food and Drug Administration approved Regeneron Pharmaceuticals Inc and Sanofi SA's drug Dupixent to treat nasal polyps, the companies said on Wednesday.

Reuters Company News
Jun 26, 2019

UPDATE 4-Tesla's senior production executive at Fremont facility quits - source
Tesla Inc's vice president of production at its Fremont factory, Peter Hochholdinger, has left after three years with the electric-car maker, a source familiar with the matter told Reuters.

Reuters Company News
Jun 26, 2019

UPDATE 4-Pompeo vows cooperation with India but trade, defence issues unresolved
* Pompeo critical of China's Belt and Road Initiative (Adds fresh Pompeo quotes)

Reuters Company News
Jun 26, 2019

UPDATE 1-California, Canada sign memorandum to advance cleaner vehicles, fuels
Canada and California on Wednesday said they had signed a memorandum of understanding to advance cleaner vehicles and fuels.

Reuters Company News
Jun 26, 2019

UPDATE 2-No sign of progress at NATO in U.S.-Turkey dispute over Russian defenses
* Erdogan sees no sign of sanctions in talks with Trump (Adds Erdogan comments)

Reuters Company News
Jun 26, 2019

US STOCKS-Tech boost, trade optimism lead Wall Street higher
Wall Street rose on Wednesday, as technology shares gained on the back of Micron's upbeat results, while comments from Treasury Secretary Steven Mnuchin fueled hopes that the United States and China were making progress in their trade talks.

Reuters Company News
Jun 26, 2019

UPDATE 1-White House plans new social media summit as Congress raises questions
The White House announced on Wednesday it will hold a summit on social media next month amid growing criticism from President Donald Trump and some in Congress.

Reuters Company News
Jun 26, 2019

UPDATE 3-Canada says bogus certificates are being used to smuggle meat into China
Unknown actors are using bogus certificates to smuggle Canadian meat into China, Trade Minister Jim Carr said on Wednesday, a day after Beijing halted beef and pork imports citing falsified paperwork.

Reuters Company News
Jun 26, 2019

Colombia grants oil contracts for 10 blocks, one pending
Colombia accepted bids from six companies for 10 oil contracts on Wednesday, after just one block received a counter-offer during a bidding process meant to revitalize its long-stagnant oil sector.

Reuters Company News
Jun 26, 2019

Bayer's supervisory board hire lawyer for glyphosate litigation
German chemicals giant Bayer on Wednesday said its supervisory board will form a committee to address glyphosate litigation, retaining a lawyer to give a fresh perspective on how to resolve a multi-billion dollar legal problem.

Reuters Company News
Jun 26, 2019

Turkey's Erdogan says no indication from Trump of U.S. sanctions over S-400 deal
Turkish President Tayyip Erdogan said on Wednesday he had not seen indications in his talks with President Donald Trump that the United States will impose sanctions on Ankara over its purchase of Russian S-400 missile defence systems.

Reuters Company News
Jun 26, 2019

White House plans new social media summit as Congress raises questions
The White House will hold a summit on social media next month amid growing criticism from President Donald Trump and some in Congress.

Reuters Company News
Jun 26, 2019

UPDATE 1-Vodafone set for EU go-ahead on Liberty Global deal - sources
Vodafone is set to secure EU antitrust approval for its $22 billion bid for Liberty Global's cable networks in Germany and central Europe after offering concessions in May, people familiar with the matter said on Wednesday.

Reuters Company News
Jun 26, 2019

Resurgent health insurer stocks face test at Democratic debates
Shares of U.S. health insurers that have rebounded in the past two months could come under pressure this week as Democrats square off in their first presidential debates, with healthcare policy reform potentially high on the agenda.

Reuters Company News
Jun 26, 2019

Autonomy founder Lynch denies wrongdoing in HP fraud case
Mike Lynch, once hailed as Britain's answer to Bill Gates, denied all claims against him on Wednesday when he kicked off what is expected to be a month-long testimony in his multibillion-dollar fraud battle with Hewlett-Packard (HP).

Reuters Company News
Jun 26, 2019

WRAPUP 2-Boeing looms large over struggling U.S. manufacturing sector
New orders for long-lasting U.S.-made goods fell for a second straight month in May as troubles at Boeing weighed on demand for aircraft, suggesting manufacturing could remain weak even as business spending on equipment appears to stabilize.

Reuters Company News
Jun 26, 2019

Switzerland's SoftwareONE mandates banks for IPO - sources
Swiss software group SoftwareONE has mandated banks for an upcoming stock market flotation, sources told Reuters on Wednesday, paving the way for a potential multi-billion dollar listing this autumn.

Reuters Company News
Jun 26, 2019

UPDATE 3-Austria prices first euro zone public debt sale below ECB deposit rate
Austria on Wednesday became the first euro zone country to price a public sale of debt below the European Central Bank's deposit rate, as expectations of more ECB stimulus and worries over the global economy push yields in the bloc to new lows.

Reuters Company News
Jun 26, 2019

UPDATE 1-Global Fashion Group lowers IPO offer price to 4.50 euros a shr
* Still aims to complete IPO (Adds detail, comment from Global Fashion Group)

Reuters Company News
Jun 26, 2019

UPDATE 3-Tesla's senior production executive at Fremont facility quits - source
Tesla Inc's vice president of production at its Fremont factory, Peter Hochholdinger, has left after three years with the electric-car maker, a source familiar with the matter told Reuters.

Reuters Company News
Jun 26, 2019

UPDATE 2-European stocks fall for fourth day on Fed, trade anxiety
* Adidas gains after Berenberg upgrades to 'buy' (Updates to close)

Reuters Company News
Jun 26, 2019

UPDATE 1-Shares of Mexico's IEnova fall after state seeks arbitration over pipeline
Shares of Mexican energy infrastructure firm IEnova fell on Wednesday after it said state power utility CFE had requested arbitration on a dispute over a natural gas pipeline, stirring concerns about how contracts are respected by the new government.

Reuters Company News
Jun 26, 2019

EU regulators to clear Vodafone's Liberty Global deal - sources
EU antitrust regulators are set to approve Vodafone's $22 billion bid for Liberty Global's cable networks in Germany and central Europe based on concessions offered in May, people familiar with the matter said on Wednesday.

Reuters Company News
Jun 26, 2019

U.S. court asked to decide which of two boards will oversee Citgo
A U.S. court will decide which of two boards - that appointed by Venezuelan President Nicolas Maduro or that backed by the chief of the opposition-led congress, Juan Guaido - should run the eighth largest U.S. refiner, Citgo Petroleum Corp.

Reuters Company News
Jun 26, 2019

Canadian businesses have a message ahead of the election: We need foreign workers
Canadian unemployment is at an all-time low and businesses have a message for politicians ahead of October's national election: We need foreign workers so do not make the campaign about keeping them out.

Reuters Company News
Jun 26, 2019

US STOCKS-Wall Street rises on tech gains, trade hopes
* Indexes up: Dow 0.22%, S&P 0.23%, Nasdaq 0.68% (Updates prices, comments)

Reuters Company News
Jun 26, 2019

REFILE-US STOCKS-Wall Street higher on tech boost, trade hopes
U.S. stocks rose on Wednesday after comments from Treasury Secretary Steven Mnuchin fueled optimism that the United States and China were close to striking a trade deal, while the tech sector was boosted by chipmaker Micron's upbeat results.

Reuters Company News
Jun 26, 2019

Israel seeks Swiss help in overseas tax crackdown
Israel's finance ministry has sought help from Switzerland in identifying Israelis it believes have undeclared assets at Union Bancaire Privee (UBP) and Bank Julius Baer, Swiss government documents show.

Reuters Company News
Jun 26, 2019

UPDATE 3-Trump suggests EU out of line in suing U.S. tech firms
U.S. President Donald Trump on Wednesday suggested the European Union was out of line in suing U.S. technology companies like Facebook and Alphabet Inc's Google, saying legal action against those firms should be the purview of the United States.

Reuters Company News
Jun 26, 2019

U.S. funds look for 'crazy cheap' stocks as indexes hit record highs
Record highs in the U.S. stock market and the anticipation of equity-friendly interest rate cuts by the Federal Reserve later this year are prompting top-performing large-cap fund managers to seek out unloved stocks in hopes of further gains.

Reuters Company News
Jun 26, 2019

UPDATE 1-VEON settles Egypt tax liability, paving way to buy Global Telecom shares
Telecoms operator VEON Ltd has settled a tax dispute with Egypt, the finance ministry said on Wednesday, clearing the way for its potential purchase of the 42.3% stake in its Egyptian subsidiary Global Telecom Holding it does not own.

Reuters Company News
Jun 26, 2019

GLOBAL MARKETS-Dollar gains on lower rate cut expectations, stocks flat
The dollar rose and European shares fell on Wednesday as traders scaled back expectations of an aggressive cut in U.S. interest rates in July, while Wall Street rose on hopes of a China-U.S. trade breakthrough at the G20 summit later this week in Japan.

Reuters Company News
Jun 26, 2019

Sweden's Ericsson to build factory in U.S. to make 5G radios
Swedish telecoms equipment supplier Ericsson said on Wednesday it plans to build its first fully-automated factory in the United States to make radios required to deploy 5G technology and make it operational in early next year.

Reuters Company News
Jun 26, 2019

UPDATE 3-BlackBerry shares tumble on sales shortfall in largest business
Canada's BlackBerry Ltd on Wednesday reported lower-than-expected sales for its biggest business, hurt by weak demand for its security software from firms and government agencies, sending its shares down as much as 10%.

Reuters Company News
Jun 26, 2019

U.S. allows more time for Nynas AB transactions despite sanctions on Venezuela
The United States is allowing more time for transactions involving oil refiner and biofuel producer Neste and Petroleos de Venezuela SA's joint venture Nynas AB despite U.S. sanctions on Venezuela, according to a U.S. Treasury Department statement on Wednesday.

Reuters Company News
Jun 26, 2019

U.S. extends divestiture deadline for sanctioned Russian firm GAZ
The U.S. Treasury said on Wednesday it was giving investors another four months to divest from Russian automaker GAZ, a company linked to Russian tycoon Oleg Deripaska that Washington sanctioned over Russia's "malign activity."

Reuters Company News
Jun 26, 2019

U.S. stock funds post largest two-week inflow since '16
Investors raced into the U.S. stock market last week by sending the largest net inflows into domestic stock and exchange-traded funds since March, according to data released Wednesday by the Investment Company Institute. Domestic stocks funds took in nearly $11.7 billion in net assets, nearly double the inflows of the week before. With nearly $17.9 billion in inflows, the past two weeks combined for the largest two-week push into th

Reuters Company News
Jun 26, 2019

South Sudan investigates its crude oil pre-sales regime
South Sudanese President Salva Kiir Mayardit has launched an investigation into crude oil pre-sale contracts from the country as it ratchets up production, a letter seen by Reuters on Wednesday showed.

Reuters Company News
Jun 26, 2019

UPDATE 2-No breakthrough in Swiss-EU battle of the bourses
* European Commission not in contact with Swiss amid standoff

Reuters Company News
Jun 26, 2019

EU experts call for companies to give access to AI technology
The European Union should order companies to give rivals reasonable access to technology that can be used for artificial intelligence projects, a panel of experts, which includes Google, SAP and IBM, said on Wednesday.

Reuters Company News
Jun 26, 2019

EU steel industry says it faces existential crisis, urges tougher safeguards
Senior steel industry executives on Wednesday urged the European Commission to strengthen measures to protect against a surge in imports triggered by U.S. tariffs, saying the future of the European industry was under threat, particularly in Britain.

Reuters Company News
Jun 26, 2019

UPDATE 2-Policymakers turn up heat on Woodford after fund suspension
* Fund manager learnt little about risk from crisis-lawmaker (Recasts, adds Carney, detail from IA conference)

Reuters Company News
Jun 26, 2019

PRECIOUS-Gold sheds over 1% as bets for big Fed rate cut fade
Gold fell more than 1% on Wednesday on signals the U.S. Federal Reserve would not make too steep a cut to interest rates next month, but still held ground above the key psychological $1,400 level.

Reuters Company News
Jun 26, 2019

Facebook crypto plans turn up heat on EU banks over real-time payments
The euro zone could have an instant payments system shared by all banks in the bloc by the end of 2020, finance industry officials said, as lenders face more competition from the likes of Facebook and other tech firms.

Reuters Company News
Jun 26, 2019

Shares of Mexican energy firm IEnova fall after arbitration request
Shares of Mexican energy infrastructure firm IEnova, a unit of Sempra Energy , fell nearly 2.5% on Wednesday after the country's Federal Commission of Electricity requested arbitration over a pipeline project. (Reporting by Mexico City Newsroom)

Reuters Company News
Jun 26, 2019

Iceland index inclusion leaves fund managers cold
Iceland may soon reclaim a place on the investment stage through inclusion in global equity indexes, but with pricey stocks, a fading economy and reforms done and dusted, fund managers are not rushing back there.

Reuters Company News
Jun 26, 2019

Boston Wayfair workers threaten walkout over sale to U.S. immigrant camp
Hundreds of employees of Wayfair Inc are expected to walk off the job on Wednesday in protest of what they said was the retailer's sale of more than $200,000 in bedroom furniture for a Texas detention facility for migrant children.

Reuters Company News
Jun 26, 2019

MOVES- Blackstone GSO hires ex-Goldman banker for distressed business
NEW YORK, June 26 (LPC) - Blackstone's credit platform GSO Capital Partners has appointed Dan Oneglia as senior managing director and co-head of its distressed investing business, the firm said in a press release on Wednesday.

Reuters Company News
Jun 26, 2019

UPDATE 1-No sign of progress at NATO in U.S.-Turkey dispute over Russian defenses
The United States and Turkey appeared to make no progress during talks at NATO headquarters on Wednesday toward resolving a major dispute over Ankara's plans to acquire a Russian air defense system, just ahead of its expected July delivery.

Reuters Company News
Jun 26, 2019

UPDATE 3-Pompeo vows cooperation with India but trade, defence issues unresolved
* Pompeo critical of China's Belt and Road Initiative (Adds detail of Pompeo speech, par 15)

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