EBay offers concessions to avert fight with Elliott: sources
EBay Inc has informed Elliott Management Corp it is willing to explore shedding some of its key assets and give the hedge fund board representation in a bid to avert a proxy contest, people familiar with the matter said on Tuesday.
Manager at Brazil’s Vale told executives of dam risks: newspaper
A manager at Brazilian iron ore miner Vale SA told authorities that the company’s executive board knew there had been a “decrease in security” at the dam that burst in January, killing hundreds, according to a newspaper report on Tuesday.
Why some U.S. fund managers like China regardless of trade deal
U.S. President Donald Trump’s decision to delay raising tariffs on $200 billion worth of Chinese goods has helped push global stock markets broadly higher as investors hope for a resolution in the trade war between the world’s two largest economies.
Wall St. dips on mixed economic data
Wall Street’s three major indexes fell slightly after a choppy session on Tuesday as investors eyed mixed economic data and corporate news and many stayed on the sidelines waiting for clarity on issues such as U.S.-China trade talks.
With OPEC likely to ignore Trump, oil prices edge up
Oil futures inched up on Tuesday after news that OPEC would continue production cuts despite comments from U.S. President Donald Trump, who criticized the producer group for rising crude prices a day earlier.
Fed’s Powell says ‘no rush’ to hike rates in ‘solid’ but slowing economy
The Federal Reserve is in “no rush to make a judgment” about further changes to interest rates, Fed Chairman Jerome Powell told U.S. lawmakers on Tuesday as he spelled out the central bank’s approach to an economy that is likely slowing.
Credit reporting agencies face pressure from skeptical U.S. Congress
(This Feb. 26 story corrects the name of Equifax in paragraph 2)
Citgo formally cuts ties with Venezuela-based parent company: sources
U.S. refiner Citgo Petroleum Corp is formally cutting ties with its parent, state-run oil firm Petroleos de Venezuela SA, to meet U.S. sanctions imposed on the OPEC country, two people close to the decision told Reuters on Tuesday.
Europe calls for facts not fears in Huawei security row
Facts not fears should decide the future of telecoms network security in Europe, industry leaders and policy chiefs said this week, brushing off U.S. calls for a ban on Chinese vendors.
Fed’s Bullard says not ready to call for a rate cut: Fox Business
(This Feb 22. story has been refiled to say ‘a’ rate cut not ‘another’ rate cut in first paragraph and headline)
