Fed to finalize plans to end balance sheet runoff ‘at coming meetings’: Mester
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, signaling another major policy shift for the Fed after pausing interest rate hikes.
GE wins most 2018 gas turbine orders; Mitsubishi wins on new technology: report
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 Reute…
Exclusive: Amazon, GM in talks to invest in electric pickup truck maker Rivian – sources
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.
Ford told Britain’s May it is preparing alternative production sites: The Times
Ford Motor Co told British Prime Minister Theresa May that it is stepping up preparations to move production out of Britain, The Times reported on Tuesday.
Exclusive: Amazon, GM in talks to invest in electric pickup maker Rivian – sources
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.
Exclusive: Venezuelan Guaido’s team to nominate its own Citgo board – sources
Advisers to Venezuelan Congress head Juan Guaido have proposed appointing executives Luisa Palacios, Angel Olmeta, Luis Urdaneta and Edgar Rincon to a transitional board for U.S. refiner Citgo Petroleum Corp, people close to the talks said on Tuesday.
Wall Street advances on trade hopes, deal to avert government shutdown
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.
Vale CFO says miner’s top managers were unaware of dam risk report
Senior management at Brazilian miner Vale were never shown internal security documents indicating that its dam at Brumadinho was at risk of collapse, the company’s chief financial officer said on Tuesday.
World stock markets rally on hopes for U.S.-China trade deal
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.
Wall Street climbs on trade hopes, government budget deal
Wall Street rallied on Tuesday as investors were heartened by a tentative congressional spending deal to avoid another government shutdown and by optimism surrounding the U.S.-China trade negotiations.
