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Updated: 32 min 42 sec ago

Russia's Gazprombank freezes accounts of Venezuela's PDVSA: source

1 hour 37 min ago
Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling under U.S. sanctions, a Gazprombank source told Reuters on Sunday.

Airbus warns of no-deal Brexit, says has spent tens of millions preparing

2 hours 44 min ago
Airbus said on Sunday it would have to make "difficult decisions" about future investment if Britain crashes out of the European Union without a deal, adding it had already spent tens of millions of euros in preparations.

Nissan panel to recommend outside director to chair board: Nikkei

Sat, 02/16/2019 - 10:14pm
A Nissan Motor governance committee will recommend the appointment of an external director as board chairman, a role distinct from company chairman, in a move to decentralize power at the top level, the Nikkei business daily reported on Sunday.

Canada's Freeland pushes end of steel, aluminum tariffs in meeting with Pelosi

Sat, 02/16/2019 - 2:48pm
Canadian Foreign Minister Chrystia Freeland said on Saturday she had made clear in a meeting with U.S. House of Representatives Speaker Nancy Pelosi at the Munich Security Conference the importance of the U.S. lifting tariffs on steel and aluminum imports from Canada.

Russian court extends custody of Baring Vostok's Calvey until April

Sat, 02/16/2019 - 10:29am
A Russian court on Saturday ordered Michael Calvey, the U.S. founder of one of Russia's biggest private equity firms accused of fraud, to be kept in custody until April 13.

Russian court orders Baring Vostok's Calvey to be kept in custody until April 13

Sat, 02/16/2019 - 8:09am
A Moscow court has ordered Baring Vostok's founder Michael Calvey to be kept in custody until April 13.

Baring Vostok's Calvey tells Russian court he will cooperate with investigation

Sat, 02/16/2019 - 7:46am
Michael Calvey, the U.S. founder of one of Russia's biggest private equity firms, told a Russian court on Saturday he would cooperate with an investigation into alleged financial misconduct and comply with terms if put under house arrest.

HNA cuts stake in Deutsche Bank to 6.3 percent: SEC filing

Sat, 02/16/2019 - 2:32am
Chinese conglomerate HNA has cut its stake in Deutsche Bank to 6.3 percent, according to a filing with the U.S. Securities and Exchange Commission.

China-U.S. trade talks 'making a final sprint': state media

Fri, 02/15/2019 - 10:43pm
Chinese state media on Saturday expressed cautious optimism over trade talks between the United States and China, a day after President Xi Jinping said a week of discussions had produced "step-by-step" progress.

Automakers brace for U.S. government report on import tariffs

Fri, 02/15/2019 - 9:56pm
A confidential Commerce Department report due to be sent to Donald Trump on Sunday is widely expected to clear the way for the U.S. president to threaten tariffs on imported autos and auto parts by designating the imports a national security threat, auto industry officials said on Friday.

Starboard gauges Bristol-Myers shareholder support for Celgene deal

Fri, 02/15/2019 - 9:09pm
Activist hedge fund Starboard Value LP has asked a proxy solicitor to probe the level of support among Bristol-Myers Squibb Co shareholders for the U.S. drug maker's $74 billion deal to buy Celgene Corp, people familiar with the matter said on Friday.

Wall Street Week Ahead: Profit estimates may be adding in too much cost risk

Fri, 02/15/2019 - 7:33pm
As Wall Street braces for the first quarterly decline in earnings in nearly three years, some investors are wondering if the market is factoring in a bigger erosion in profit margins than will actually come to pass.

Amazon invites Ocasio-Cortez for tour, calls worker claims untrue

Fri, 02/15/2019 - 6:33pm
A senior Amazon.com Inc executive on Friday disputed claims raised by Representative Alexandria Ocasio-Cortez that Amazon workers face "dehumanizing conditions" as being untrue and invited her to take a tour of company facilities.

Payless ShoeSource to start liquidation sales at stores

Fri, 02/15/2019 - 6:14pm
U.S. discount retailer Payless ShoeSource Inc said on Friday it would begin going-out-of-business sales at its U.S. and Puerto Rico stores on Feb. 17 and wind down its e-commerce operations.

Venezuela opposition to leave Citgo funds, management untouched: envoy

Fri, 02/15/2019 - 6:07pm
Venezuela's opposition has no plans to use funds belonging to U.S. refiner Citgo, which is owned by state oil company PDVSA, despite having named a new board for the company this week, the self-declared interim government's U.S. envoy said on Friday.

Mattel warns of weak 2019, shares drop most in 20 years

Fri, 02/15/2019 - 5:52pm
Mattel Inc on Friday issued a disappointing 2019 forecast and said demand for its iconic Barbie doll was slowing, triggering an 18 percent drop in its shares, their worst day in nearly two decades.

Fed policymakers see one U.S. rate hike, or none, as growth slows

Fri, 02/15/2019 - 5:44pm
When the Federal Reserve last month adopted a new "patient" approach to monetary policy, it gave no specific guidance about how long its policy pause would last, or how many more interest-rate increases, if any, were in the offing.

Mexico to inject $3.9 billion in Pemex, seeks to prevent credit downgrade

Fri, 02/15/2019 - 5:38pm
Mexico will inject $3.9 billion into ailing state oil company Pemex, officials said on Friday, promising to strengthen its finances and prevent a further credit downgrade, although investors saw the plan as only a short-term fix.

Analyst View: Investors divided over Mexico's bailout of state oil company

Fri, 02/15/2019 - 5:36pm
The Mexican government promised on Friday to do what it takes to strengthen the finances of ailing state oil company Petroleos Mexicanos with an injection of at least $3.6 billion to prevent a further credit downgrade.

TSX rises 0.91 percent

Fri, 02/15/2019 - 4:54pm
* The Toronto Stock Exchange's  S&P/TSX rose 142.26 points, or 0.91 percent, to 15,838.24.

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