TOPNWS

Wall Street ends lower as investors digest economic data

US producer prices increase in November Consumer sentiment improves in December Lululemon tumbles after downbeat forecast Indexes close: S&P 500 -0.73%, Nasdaq -0.70%, Dow -0.90% Dec 9 (Reuters) – Wall Street ended lower on Friday as investors assessed economic data and awaited a potential 50-basis point interest rate hike by the US Federal Reserve at …

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Oil rebounds, but still on track for biggest weekly declines since Aug

Oil prices on pace for around 10% weekly decline Brent set for biggest weekly decline since early Aug Market flips to contango, indicating weak demand Weak economic outlook in China, US, Europe weighs Dec 9 (Reuters) – Oil prices gained around a dollar on Friday, but global benchmarks were set for their biggest weekly decline …

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Britain reviews financial rules to bolster City’s global clout

Britain says high standards will be maintained UK flags reviews in financial-crisis era reforms London faces new competition from EU centres Consultation on digital pound planned LONDON, Dec 9 (Reuters) – Britain set out a raft of measures on Friday to bolster the City of London’s role as a global financial centre, under strain since …

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Keystone pipeline shut down after oil spills into Kansas creek

BENGALURU/WINNIPEG, Dec 8 (Reuters) – Canada’s TC Energy said on Thursday it had shut its giant Keystone pipeline after an oil spill into a Kansas creek, and it was unclear how long the closure would last. The size of the leak, which occurred about 20 miles south of a key junction in Steele City, Nebraska, …

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Keystone pipeline shut down after oil release into Kansas creek

Dec 8 (Reuters) – Canada’s TC Energy (TRP.TO) on Thursday said it shut the 622,000 barrel-per-day Keystone pipeline and was responding to an oil release into a creek about 20 miles south of Steele City, Nebraska. An emergency shutdown and response was initiated at about 8 pm CT on Dec. 7 after alarms and a …

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Musk taps Tesla’s China chief to run Texas gigafactory – Bloomberg News

Dec 8 (Reuters) – Tesla Inc (TSLA.O) chief Elon Musk has roped in longtime executive and the company’s president in China, Tom Zhu, to help run the carmaker’s new plant in Austin, Texas, Bloomberg News reported late on Wednesday. Zhu, who joined Tesla in 2014 and is heading Tesla’s Asia Pacific operations, is in Austin …

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Airtel is the only bidder in Nigeria’s second 5G licensing round

ABUJA, Dec 7 (Reuters) – Airtel Africa (AAF.L) emerged as the sole bidder for a 5G high-speed spectrum license in Nigeria’s second round of licensing after another company failed to pay a deposit to continue with the auction, the regulator said on Wednesday. The Nigerian Communications Commission (NCC) issued the country’s first 5G licenses to …

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US SEC to vote on proposals that could overhaul Wall St. trading

NEW YORK, Dec 7 (Reuters) – The US Securities and Exchange Commission will vote on whether to propose some of the biggest changes to the American equity markets in nearly two decades at a Dec. 14 meeting, the agency said on Wednesday. The potential changes include new rules that would require marketable retail stock orders …

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Amazon shopping site back up after outage

Dec 7 (Reuters) – Amazon.com Inc (AMZN.O) said it has resolved an issue that prevented some users from accessing the shopping site on Wednesday. “We’re sorry that some customers may have temporarily experienced issues while shopping. We have resolved the issue,” a company spokesperson told Reuters, but did not provide any details on what caused …

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