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Reuters Daily

Reuters Business

Global stocks weighed by Apple demand woes, trade tensions

Mon, Nov 19, 2018

World stocks fell on Monday as worries about softening demand for the iPhone dragged down shares of Apple Inc and persistent trade tensions between China and the United States sapped investor sentiment. ...

Apple cuts production orders for all three new iPhone models: WSJ

Mon, Nov 19, 2018

Apple Inc has cut production orders in recent weeks for all three iPhone models launched in September, the Wall Street Journal reported on Monday, citing sources. ...

Bitcoin breaches $5,000, plumbs fresh 13-month low

Mon, Nov 19, 2018

Bitcoin fell below $5,000 on Monday for the first time in over a year, slumping to a fresh 13-month low on the Bitstamp platform as a broad sell-off in cryptocurrencies sparked last week gathered momentum. ...

Disney's Fox deal gets China's approval

Mon, Nov 19, 2018

Walt Disney Co on Monday received unconditional approval from China for its deal to buy Twenty-First Century Fox's entertainment assets, clearing one of the last major hurdles for the deal to go through. ...

Oil slips on global supply fears even as OPEC mulls cut

Mon, Nov 19, 2018

Oil futures fell about 1 percent on Monday amid global oversupply worries, but losses were muted as investors eyed potential sanctions on Iran from the European Union, a possible production cut from OPEC and slightly bullish storage drawdown in U.S. crude stocks. ...

Wall Street hit by Apple slide, trade woes

Mon, Nov 19, 2018

U.S. stocks fell on Monday, as a slide in Apple's shares on concerns about iPhone demand hit its suppliers and the technology sector, with mixed signals over the state of play between the United States and China on trade dispute adding to the weakness. ...

Danske whistleblower says big European bank handled $150 billion in payments

Mon, Nov 19, 2018

The whistleblower who revealed alleged money laundering involving Danske Bank said on Monday that a major European bank helped process up to $150 billion in suspicious payments and two U.S. lenders were also involved. ...

Brazil's Bolsonaro taps privatization advocate to lead Petrobras

Mon, Nov 19, 2018

Brazil's incoming far-right government on Monday turned to a University of Chicago-trained economist who has spoken in favor of privatizing Petroleo Brasileiro SA to be the head of the state-controlled oil company. ...

Timeline: How Danske Bank's Estonian money laundering scandal unfolded

Mon, Nov 19, 2018

Danske Bank is embroiled in a money laundering scandal that has triggered criminal investigations, forced out its CEO and chairman and rattled investors in Denmark's largest bank. ...

GE shakes up power unit leadership, taps retired executive to help

Mon, Nov 19, 2018

General Electric Co shook up its ailing power business on Monday, appointing a new CEO for gas power and bringing a longtime GE executive back from retirement to help. ...

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