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Today News

11

China says must balance stable growth and risk prevention

www.reuters.com

China must balance the need for stable growth while managing risks and maintain a prudent and neutral monetary policy, the State Council, the country's cabinet, said on Sunday following a meeting of top economic and financial policymakers.

Saturday, Oct 20

20

UBS warns staff over China travel after banker held in Beijing - source

Reuters / Finance

HONG KONG (Reuters) - Swiss bank UBS Group AG. has asked its China wealth management staff to reconsider their travel plans to the country after authorities there asked one of its bankers to delay her departure from Beijing to meet with…

15

CrowdStrike hires Goldman Sachs to lead IPO - sources

Reuters

Cybersecurity software maker CrowdStrike Inc has hired investment bank Goldman Sachs Group to prepare for an initial public offering that could come in the first half of next year, people familiar with the matter said on Friday.

11

REFILE-UPDATE 1-Google to charge Android partners up to $40 per device for apps -source

Reuters / Technology

Alphabet Inc's Google will charge hardware firms up to $40 per device to use its apps under a new licensing system to replace one that the European Union this year deemed anti-competitive, a person familiar with the matter said on Friday.

03

Rising anger in U.S. campaign ads

Reuters

Many political ads in this year's U.S. elections pack an unusually harsh and personal punch, some with racial overtones. Roselle Chen reports.

01

Apple CEO urges Bloomberg to retract spy chip story

Reuters / Finance

Apple Inc Chief Executive Tim Cook on Friday told an online news website that Bloomberg should retract a story that claimed Apple's internal computer systems had been infiltrated by malicious computer chips inserted by Chinese intelligence…

Friday, Oct 19

00

S&P slips on rate, trade concerns

Reuters / Finance

The benchmark S&P 500 stock index slipped on Friday. As Fred Katayama reports, strong earnings from Procter & Gamble were offset by ongoing concerns about rising interest rates and geopolitical tensions.

23

US STOCKS-S&P falls on interest rate, trade concerns; P&G lifts Dow

Reuters / Finance

The U.S. benchmark S&P 500 stock index edged lower on Friday as strong earnings from Procter & Gamble Co were offset by ongoing concerns about rising interest rates and tensions over trade policy denting economic growth.

Tesla launches new $45,000 Model 3

www.reuters.com

Tesla introduced a new $45,000 version of its Model 3 sedan on its website, launching the car as U.S. tax breaks for Tesla cars are about to decrease. Fred Katayama reports.

Euro, pound rally on Brexit concession; stocks dip

Reuters / Markets

Stocks dipped on Friday, dragging a global index into a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said Britain is ready to drop a key Brexit demand.

Trump to meet heads of Boeing, Lockheed, Northrop at Arizona air base

Reuters / Finance

U.S. President Donald Trump is scheduled to meet the chief executives of the biggest U.S. defense companies at Luke Air Force Base in Arizona on Friday to discuss how they can source more parts and materials domestically, people familiar…

22

SEC investigates Honeywell for asbetos-related accounting

www.reuters.com

Honeywell International Inc said on Friday the U.S. Securities and Exchange Commission had opened an investigation into its accounting for asbestos-related liabilities.

Frustrated GM investors ask what more CEO Barra can do

Reuters / Finance

General Motors Co Chief Executive Mary Barra has transformed the No. 1 U.S. automaker in her almost five years in charge, but that is still not enough to satisfy investors.

Musk touts 'cheaper' Model 3 that's $10K more than promised

Reuters / Technology

Tesla CEO Elon Musk unveiled a newer, less expensive version of the Model 3 - that costs $10,000 more than he said it would when he debuted the vehicle in 2016..

S&P 500 index little changed despite strong P&G earnings

Reuters / Finance

The U.S. benchmark S&P 500 stock index edged lower on Friday as strong earnings from Procter & Gamble Co were balanced by ongoing concerns about rising interest rates and geopolitical tensions denting U.S. economic growth.

AbbVie CFO Chase to retire by mid-year 2019

www.reuters.com

AbbVie Inc said on Friday that William Chase stepped down as chief financial officer and will retire from the company in mid-2019, and the U.S. drugmaker promoted controller, Robert Michael, to the CFO role.

JPMorgan to build Silicon Valley fintech office

www.reuters.com

JPMorgan Chase & Co said on Friday that it was building a new "fintech campus" in Silicon Valley for more than 1,000 employees, as it pushes to keep abreast of changes in digital payments.

Canada gives Lockheed Martin first chance to bid on warships design

www.reuters.com

The Canadian government on Friday said Lockheed Martin Corp would be given first chance to bid on a contract to design 15 warships that will end up costing Canada around C$60 billion ($46 billion).

Euro, pound rally on Brexit concession; stocks pare gains

Reuters / Markets

Stocks erased gains on Friday, with a global index struggling to avoid a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said the UK is ready to drop a key Brexit demand.

U.S. landlords copy hotel model to cut risk as coworking surges

Reuters

Leading owners of prime U.S. office space are taking a page from the hotel industry to boost profits from coworking's rapid growth and to mitigate some of the risk they assume when signing long-term leases with these flexible workspace…

21

Fed's Kaplan sees two-three more rate hikes to hit 'neutral' level

www.reuters.com

Another two to three interest rate increases from the Federal Reserve will likely put U.S. borrowing costs in "neutral" territory where it is neither stimulating nor restricting economic growth, Dallas Federal Reserve President Robert…

U.S. extends deadline for investors to divest holdings in Russia's Gaz

Reuters

The U.S. Treasury said on Friday it was extending a deadline for investors to divest certain operations, debt and equity of sanctioned Russian company Gaz Group until Dec. 12.

20

A water fight in Chile's Atacama raises questions over lithium mining

Reuters / World

Earlier this year, the world's two biggest lithium producers publicly celebrated new deals with Chile's government that will allow them to vastly increase output of the ultralight battery metal from the Atacama, the world's driest desert.

China moves to lift confidence as economic growth hits weakest pace since 2009

Reuters / Finance

China's economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving quickly to calm nervous investors as a years-long campaign to tackle debt risks and the trade war with the United States…

U.S. frees Prudential Financial from more rigorous Fed oversight

www.reuters.com

A U.S. regulatory council announced on Wednesday it had removed the systemically risky label from Prudential Financial , freeing the insurance company from more rigorous oversight by the Federal Reserve.

UPDATE 4-Facebook hires former UK deputy prime minister as head of global affairs

Reuters / Finance

Facebook Inc has hired former British Deputy Prime Minister Nick Clegg to lead its global affairs and communications team, as the social network deals with a number of scandals related to privacy, fake news and election meddling.

New LSE boss in $500 million move to tighten hold on clearing

www.reuters.com

The London Stock Exchange tightened its grip on derivatives clearing on Friday in a sign of growing confidence that the threat of losing chunks of business to European Union rivals after Brexit was receding. David Pollard reports.

Wanda Ferragamo, matriarch of famed shoemaker, dies at 96

in.reuters.com

Wanda Ferragamo, the honorary president of the Florentine shoemaker founded by her husband Salvatore, has died at the age of 96, the family said on Friday.

China consumer group blasts Apple over ID thefts

Reuters / Technology

A Chinese consumer group criticized Apple over a recent data security issue. As Fred Katayama reports, it's calling on the iPhone maker to fully compensate affected consumers.

Switzerland, Victorinox settle legal fight over Swiss Army perfume

www.reuters.com

Fans of Swiss Army perfume can breathe a sigh of relief: the government and knifemaker Victorinox have settled a legal row that paves the way for military-grade scents to be sold in North America.