World’s largest pension fund halts stock lending to short sellers
Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund, has suspended stock lending for short selling, calling the practice inconsistent with its responsibilities as a long-term investor.
European shares whacked lower as Trump says China trade deal may come only after Nov 2020 election
European shares fell back into the red on Tuesday, abandoning earlier efforts to claw their way back from three days of falls, as U.S. President Donald Trump said a trade deal with China might be delayed until after November 2020 elections.
PG&E failed to inspect transmission lines that caused deadly 2018 wildfire: state probe
Bankrupt California power producer PG&E Corp did not properly inspect and replace transmission lines before a faulty wire sparked a wildfire that killed more than 80 people in 2018, a probe by a state regulator has concluded.
Stock futures slip as Trump signals delay in trade deal with China
U.S. stock index futures slipped on Tuesday after President Donald Trump said a trade deal with China might have to wait until after the U.S. presidential election in November 2020, sparking fears of a delay in resolving the tariff dispute.
Oil steadies as Saudi pushes for further supply cuts
Oil prices steadied around $61 a barrel on Tuesday as rising expectations of deeper output cuts from OPEC and its allies were countered by a potential delay to a U.S.-China trade agreement until after the next U.S. presidential election.
Foxconn’s Gou to discuss trade war, investment on U.S. trip
Terry Gou, the billionaire founder of Apple supplier Foxconn, said on Tuesday he would discuss investment and the China-U.S. trade war while in the United States, adding that he may get to meet U.S. President Donald Trump again.
Elon Musk goes on trial in U.S. for defamation over ‘pedo guy’ tweet
Tesla boss Elon Musk is set to go on trial on Tuesday after he described a British cave explorer who helped rescue a group of boys from a cave complex in Thailand as a pedophile on Twitter.
Factbox: Elon Musk’s tweets bring controversy, nearly 30 million followers
British cave explorer Vernon Unsworth is suing Tesla Chief Executive Elon Musk for defamation over three tweets on July 15, 2018, including one in which Musk allegedly branded him a pedophile, calling him “pedo guy.”
Exclusive: White House considered kicking Huawei out of U.S. banking system – sources
The Trump administration considered banning China’s Huawei from the U.S. financial system earlier this year as part of a host of policy options to thwart the blacklisted telecoms equipment giant, according to three people familiar with the matter.
France says primed to retaliate with EU over U.S. tariff threat against Paris
France and the European Union are ready to retaliate if U.S. President Donald Trump acts on a threat to impose duties of up to 100% on $2.4 billion in imports of champagne, handbags and other French products, the French government said on Tuesday.
