Stocks rally, then ease on U.S.-China trade deal; oil gains

Stocks rally, then ease on U.S.-China trade deal; oil gains
NEW YORK (Reuters) – Oil prices rose and a gauge of global equity markets hit a new high on Tuesday as investors awaited the signing of a China-U.S. trade deal they hope will spur world economic growth, after the economy in 2019 saw its weakest year since the financial crisis. Gold prices slid as the planned signing Wednesday of the... Read More

Ex-Nissan boss Ghosn says French envoy told him of inside plot

Ex-Nissan boss Ghosn says French envoy told him of inside plot
BEIRUT (Reuters) – Former Nissan chairman Carlos Ghosn, speaking in Beirut after his dramatic escape from Japanese justice, said on Tuesday that the French ambassador had warned him shortly after his arrest that his own company was plotting against him. Former Nissan chairman Carlos Ghosn talks during an exclusive interview with Reuters in Beirut, Lebanon January 14, 2020. REUTERS/Mohamed Azakir... Read More

Wall Street dips from record in ‘Jason Bourne market’

Wall Street dips from record in ‘Jason Bourne market’
(Reuters) – U.S. stocks hit intra-day record highs on Tuesday before turning negative following a report that the United States would likely maintain tariffs on Chinese goods until after November’s presidential election. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 13, 2020. REUTERS/Brendan McDermid The eventual removal of tariffs... Read More

Yen gains, yuan weakens on report tariffs on China to stay through U.S. election

Yen gains, yuan weakens on report tariffs on China to stay through U.S. election
NEW YORK (Reuters) – China’s yuan weakened on Tuesday and the Japanese yen reversed earlier losses after a report that the United States will keep tariffs on Chinese goods through the U.S. election hurt risk sentiment. A Japanese 1,000 yen banknote and Chinese 100 yuan banknotes are seen in this picture illustration, in Beijing, China, January 21, 2016. REUTERS/Jason Lee... Read More

Wall Street inches to fresh record after upbeat JPMorgan, Citi results

Wall Street inches to fresh record after upbeat JPMorgan, Citi results
(Reuters) – U.S. stocks eked out gains to hit fresh record highs on Tuesday, as stronger-than-expected earnings from JPMorgan and Citigroup added to optimism about the domestic economy ahead of the imminent signing of a U.S.-China trade deal. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 13, 2020. REUTERS/Brendan... Read More

U.S. bank executives offer cautious optimism heading into 2020

U.S. bank executives offer cautious optimism heading into 2020
(Reuters) – Despite trade wars, low interest rates and new geopolitical tensions, big U.S. banks have not experienced major disruption to their core businesses and top executives are hopeful they can generate growth this year. FILE PHOTO: A sign outside the headquarters of JP Morgan Chase & Co in New York, September 19, 2013. JPMorgan Chase & Co will pay... Read More