Trump says he hopes US-China trade deal will be signed by mid-November

US President Donald Trump speaks as he arrives at Naval Air Station Joint Reserve Base Forth Worth in Texas on October 17, 2019. U.S. President Donald Trump on Friday said he thinks a trade deal between the United States and China will be signed by the time the Asia-Pacific Economic Cooperation meetings take place in Chile on Nov. 16 and 17. “I think it will get signed quite easily, hopefully by the summit in Chile, where President Xi and I will both be,” Trump told reporters at the White House,


US President Donald Trump speaks as he arrives at Naval Air Station Joint Reserve Base Forth Worth in Texas on October 17, 2019.
U.S. President Donald Trump on Friday said he thinks a trade deal between the United States and China will be signed by the time the Asia-Pacific Economic Cooperation meetings take place in Chile on Nov. 16 and 17.
“I think it will get signed quite easily, hopefully by the summit in Chile, where President Xi and I will both be,” Trump told reporters at the White House,
Trump says he hopes US-China trade deal will be signed by mid-November Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-19
Keywords: news, cnbc, companies, vice, signed, trade, president, phase, house, midnovember, hopes, trump, china, deal, white, uschina


Trump says he hopes US-China trade deal will be signed by mid-November

US President Donald Trump speaks as he arrives at Naval Air Station Joint Reserve Base Forth Worth in Texas on October 17, 2019.

U.S. President Donald Trump on Friday said he thinks a trade deal between the United States and China will be signed by the time the Asia-Pacific Economic Cooperation meetings take place in Chile on Nov. 16 and 17.

Chinese Vice Premier Liu He will provide Beijing’s perspective on the progress of the talks in a speech on Saturday, according to a tweet from editor-in-chief of the Global Times, a tabloid published by the People’s Daily of China’s ruling Communist Party.

“I think it will get signed quite easily, hopefully by the summit in Chile, where President Xi and I will both be,” Trump told reporters at the White House, without providing details.

“We’re working with China very well,” Trump also said.

The White House has announced that China agreed to buy up to $50 billion of U.S. farm products annually, as part of the first phase of a trade deal, although China seems slow to follow through.

The so-called phase 1 deal was unveiled at the White House last week during a visit by vice premier He as part of a bid to end a tit-for-tat trade war between Beijing and Washington that has roiled markets and hammered global growth.

U.S. officials said a second phase of negotiations could address thornier issues like forced technology transfer and non-financial services issues.


Company: cnbc, Activity: cnbc, Date: 2019-10-19
Keywords: news, cnbc, companies, vice, signed, trade, president, phase, house, midnovember, hopes, trump, china, deal, white, uschina


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Second Brexit referendum hopes dim as UK lawmakers prepare for historic vote

U.K. government plans to have a straight vote Saturday on its new draft Brexit deal look set to go ahead, despite attempts by opposition MPs (Members of Parliament) to attach a “confirmatory” referendum. Pro-EU lawmakers in Westminster narrowly won a vote Thursday, seeking to amend Prime Minister Boris Johnson’s Brexit plans. This clears the way for MPs to potentially alter the outcome of the main Brexit plan when it’s voted upon during a special parliamentary session happening on Saturday. Form


U.K. government plans to have a straight vote Saturday on its new draft Brexit deal look set to go ahead, despite attempts by opposition MPs (Members of Parliament) to attach a “confirmatory” referendum.
Pro-EU lawmakers in Westminster narrowly won a vote Thursday, seeking to amend Prime Minister Boris Johnson’s Brexit plans.
This clears the way for MPs to potentially alter the outcome of the main Brexit plan when it’s voted upon during a special parliamentary session happening on Saturday.
Form
Second Brexit referendum hopes dim as UK lawmakers prepare for historic vote Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: david reid
Keywords: news, cnbc, companies, dim, second, decision, johnsons, vote, plans, historic, plan, lawmakers, hopes, brexit, prepare, referendum, mps


Second Brexit referendum hopes dim as UK lawmakers prepare for historic vote

U.K. government plans to have a straight vote Saturday on its new draft Brexit deal look set to go ahead, despite attempts by opposition MPs (Members of Parliament) to attach a “confirmatory” referendum.

Pro-EU lawmakers in Westminster narrowly won a vote Thursday, seeking to amend Prime Minister Boris Johnson’s Brexit plans. This clears the way for MPs to potentially alter the outcome of the main Brexit plan when it’s voted upon during a special parliamentary session happening on Saturday.

Former Attorney General Dominic Grieve told CNBC’s Steve Sedgwick Friday that he would back Johnson’s deal with Brussels if the government was prepared to attach a second referendum to it.

“My view is that what we are talking about now is so radically different from what was being discussed in the 2016 referendum. The time that has passed since, the importance of this decision — it seems to me that this decision should be put back to the British people.”

Grieve is one of 21 lawmakers that were ousted from the ruling Conservative Party in September. He believes of that group, several will join him in opposing Johnson’s Brexit plan, unless a second referendum is attached to the bill.


Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: david reid
Keywords: news, cnbc, companies, dim, second, decision, johnsons, vote, plans, historic, plan, lawmakers, hopes, brexit, prepare, referendum, mps


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Japan typhoon death toll rises to 58 as hopes for missing fade

Police officers search an area by boat that was flooded by Typhoon Hagibis on October 14, 2019 in Marumori, Miyagi, Japan. The death toll in the worst typhoon to hit Japan for decades climbed to 58 on Tuesday as rescuers slogged through mud and debris in an increasingly grim search for the missing and as thousands of homes remained without power or water. Survivors described how waters rose rapidly to chest height in roughly an hour and mainly at night, making it hard to escape to higher ground.


Police officers search an area by boat that was flooded by Typhoon Hagibis on October 14, 2019 in Marumori, Miyagi, Japan. The death toll in the worst typhoon to hit Japan for decades climbed to 58 on Tuesday as rescuers slogged through mud and debris in an increasingly grim search for the missing and as thousands of homes remained without power or water. Survivors described how waters rose rapidly to chest height in roughly an hour and mainly at night, making it hard to escape to higher ground.
Japan typhoon death toll rises to 58 as hopes for missing fade Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15
Keywords: news, cnbc, companies, search, missing, nhk, toll, typhoon, rises, japan, fade, water, waters, storm, death, fukushima, hopes


Japan typhoon death toll rises to 58 as hopes for missing fade

Police officers search an area by boat that was flooded by Typhoon Hagibis on October 14, 2019 in Marumori, Miyagi, Japan.

The death toll in the worst typhoon to hit Japan for decades climbed to 58 on Tuesday as rescuers slogged through mud and debris in an increasingly grim search for the missing and as thousands of homes remained without power or water.

The storm hit a wide swathe of central and eastern Japan, with 15 missing and some 211 injured nearly three days after Typhoon Hagibis — whose name means “speed” in the Philippine language Tagalog — lashed Japan with high winds and intense rains, NHK national broadcaster said.

Some 138,000 households were without water while 24,000 lacked electricity, a far cry from the hundreds of thousands without power just after the storm but cause for concern in northern areas where the weather was starting to turn chilly.

The highest toll was in Fukushima prefecture north of Tokyo, where levees burst in at least 14 places along the Abukuma River, which meanders through a number of cities in the agricultural prefecture.

At least 18 died in Fukushima, including a mother who was caught up in flood waters with her two children, one of whose death was confirmed on Monday while the other, a little boy, remained missing.

Thousands of police, fire officials and military personnel continued to search for people who may have been cut off by floodwaters and landslides set off by the storm, with hope diminishing that the missing would be found alive.

Survivors described how waters rose rapidly to chest height in roughly an hour and mainly at night, making it hard to escape to higher ground. Many of the dead in Fukushima were elderly, NHK said.

“I couldn’t believe it, the water came up so fast,” one man in Fukushima told NHK.

Though the threat of rain is expected to diminish on Tuesday, temperatures are likely to drop in many areas later this week, in some cases to unseasonably low temperatures, NHK said.


Company: cnbc, Activity: cnbc, Date: 2019-10-15
Keywords: news, cnbc, companies, search, missing, nhk, toll, typhoon, rises, japan, fade, water, waters, storm, death, fukushima, hopes


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Trump says he hopes his lawyer Rudy Giuliani doesn’t get indicted

Former New York City mayor Rudy Giuliani and president-elect Donald Trump head into the clubhouse for their meeting at Trump International Golf Club, November 20, 2016 in Bedminster Township, New Jersey. President Donald Trump said Thursday that he hopes his personal lawyer Rudy Giuliani does not end up getting indicted on criminal charges. The indictment says Parnas and Fruman made illegal donations totaling $325,000 to a political action committee that supports Trump. That article was illustra


Former New York City mayor Rudy Giuliani and president-elect Donald Trump head into the clubhouse for their meeting at Trump International Golf Club, November 20, 2016 in Bedminster Township, New Jersey. President Donald Trump said Thursday that he hopes his personal lawyer Rudy Giuliani does not end up getting indicted on criminal charges. The indictment says Parnas and Fruman made illegal donations totaling $325,000 to a political action committee that supports Trump. That article was illustra
Trump says he hopes his lawyer Rudy Giuliani doesn’t get indicted Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: dan mangan
Keywords: news, cnbc, companies, parnas, trump, doesnt, fruman, biden, york, foreign, international, rudy, giuliani, federal, indicted, candidates, hopes, lawyer


Trump says he hopes his lawyer Rudy Giuliani doesn't get indicted

Former New York City mayor Rudy Giuliani and president-elect Donald Trump head into the clubhouse for their meeting at Trump International Golf Club, November 20, 2016 in Bedminster Township, New Jersey.

President Donald Trump said Thursday that he hopes his personal lawyer Rudy Giuliani does not end up getting indicted on criminal charges.

Trump’s comment to reporters came hours after federal prosecutors in New York revealed that two of Giuliani’s clients, along with two other men, had been charged with conspiring to violate campaign finance laws barring foreign money to be used to support candidates for federal office.

Giuliani reportedly had dined with the clients, Lev Parnas and Igor Fruman, at the Trump International Hotel in Washington, D.C., on Wednesday, hours before they were arrested at Dulles International Airport in Virginia waiting to board a flight abroad with one-way tickets.

The indictment says Parnas and Fruman made illegal donations totaling $325,000 to a political action committee that supports Trump.

“I don’t know those gentlemen,” Trump told reporters Thursday.

The Miami Herald earlier this week ran an article about Parnas’ and Furman’s refusal to comply with requests for documents and testimony from House committees conducting an impeachment inquiry into Trump.

That article was illustrated with a photo showing Trump, Parnas, Furman and Giuliani standing together, smiling, at a prior event.

Parnas and Furman and the other two defendants “conspired to circumvent the federal laws against foreign influence by engaging in a scheme to funnel foreign money to candidates for federal and State office so that the defendants could buy potential influence with candidates, campaigns, and the candidates’ governments,” according to federal prosecutors in New York City.

Giuliani is not accused of wrongdoing in the case.

Giuliani, who is both a former New York City mayor and the former top prosecutor in the office now charging Parnas and Fruman, has said that both men worked with him as part of Giuliani’s efforts to get the government of Ukraine to investigate former Vice President Joe Biden and his son Hunter Biden, who had served on the board of a gas company in Ukraine.

Trump himself asked Ukraine’s new president during a July 25 phone call to launch such an investigation of Joe Biden, who is a leading contender for the 2020 Democratic presidential nomination. At the time, Trump was withholding military aid that had been approved by Congress for Ukraine.


Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: dan mangan
Keywords: news, cnbc, companies, parnas, trump, doesnt, fruman, biden, york, foreign, international, rudy, giuliani, federal, indicted, candidates, hopes, lawyer


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Most Americans go to college in the hopes of a secure financial future. Many don’t get it

A secure financial future is what most Americans hope to get with their college degree. More than 80% of freshmen students say they pursued higher education “to be able to get a better job.” “By far, the for-profit sector shares some of the most worrisome employment outcomes within higher education today,” Itzkowitz said. There are some 7,000 for-profit schools in the U.S, which take in around 15% of the government’s financial aid funding. “Without an opportunity to earn a decent living, it’s go


A secure financial future is what most Americans hope to get with their college degree. More than 80% of freshmen students say they pursued higher education “to be able to get a better job.” “By far, the for-profit sector shares some of the most worrisome employment outcomes within higher education today,” Itzkowitz said. There are some 7,000 for-profit schools in the U.S, which take in around 15% of the government’s financial aid funding. “Without an opportunity to earn a decent living, it’s go
Most Americans go to college in the hopes of a secure financial future. Many don’t get it Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-02  Authors: annie nova
Keywords: news, cnbc, companies, financial, secure, schools, college, students, dont, education, way, itzkowitz, debt, student, think, americans, future, forprofit, higher, hopes


Most Americans go to college in the hopes of a secure financial future. Many don't get it

A secure financial future is what most Americans hope to get with their college degree. More than 80% of freshmen students say they pursued higher education “to be able to get a better job.” Another popular reason? “To make more money.”

Many college students, then, are likely to be disappointed.

That’s because half of the country’s schools in 2018 left the majority of their former students earning less than $28,000 a year, which is what the typical high school graduate makes. The finding comes from a new report by Third Way, a think tank in Washington, D.C.

“I think anyone should be surprised by that,” said Michael Itzkowitz, a senior fellow at Third Way. “What this shows is that institutions across the United States are not meeting the main expectations of today’s students.

“While there are a lot of intangible benefits of attending an institution of higher education, we should also expect that students are getting at least a minimum return on their educational investment,” he added.

The think tank analyzed the earnings data of students from nearly 4,000 colleges.

All kinds of colleges led to underwhelming salaries, Third Way found.

However, for-profit schools are 10 times more likely than private or public colleges to have the vast majority of their students earning below $28,000 a year, according to Itzkowitz.

“By far, the for-profit sector shares some of the most worrisome employment outcomes within higher education today,” Itzkowitz said.

There are some 7,000 for-profit schools in the U.S, which take in around 15% of the government’s financial aid funding.

More from Personal Finance:

Is debt a dealbreaker? Couples say it depends on the type

For young couples, money woes take a heavy toll

1 in 8 couples blame student loan debt for their divorce

To make matters worse, colleges are charging more now than ever.

One year at a nonprofit private school, including tuition, room and board, currently costs $48,510, compared with $22,240 in 2000. And so students graduate with more debt — around $30,000 on average. Around 30% student borrowers are in delinquency or default.

“Without an opportunity to earn a decent living, it’s going to be increasingly difficult to pay down their educational debt over time,” Itzkowitz said.

Education Secretary Betsy DeVos in June repealed the gainful employment rule, an Obama-era regulation aimed at holding low-quality education programs accountable by forcing them to prove their graduates were able to repay their student debt.


Company: cnbc, Activity: cnbc, Date: 2019-10-02  Authors: annie nova
Keywords: news, cnbc, companies, financial, secure, schools, college, students, dont, education, way, itzkowitz, debt, student, think, americans, future, forprofit, higher, hopes


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Credit Suisse hopes to close the curtain on bizarre spying saga

In a press conference on Tuesday, Credit Suisse Chairman Urs Rohner apologized to Khan and his family for the “wrong and disproportionate” observation operation which has caused “severe reputational damage to the bank.” However, he reiterated the Board’s confidence in Thiam, insisting that the investigation found “zero evidence” that he was aware of the spying. Bouee has been replaced as COO by company veteran James Walker. Bad bloodKhan left Credit Suisse in July following a deterioration of hi


In a press conference on Tuesday, Credit Suisse Chairman Urs Rohner apologized to Khan and his family for the “wrong and disproportionate” observation operation which has caused “severe reputational damage to the bank.” However, he reiterated the Board’s confidence in Thiam, insisting that the investigation found “zero evidence” that he was aware of the spying. Bouee has been replaced as COO by company veteran James Walker. Bad bloodKhan left Credit Suisse in July following a deterioration of hi
Credit Suisse hopes to close the curtain on bizarre spying saga Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-01  Authors: elliot smith
Keywords: news, cnbc, companies, surveillance, following, company, khan, rohner, investigation, thiam, hopes, suisse, saga, curtain, bizarre, credit, close, coo, spying


Credit Suisse hopes to close the curtain on bizarre spying saga

Following the eruption of an unprecedented scandal at Credit Suisse over the past month, COO Pierre-Olivier Bouee is out, its CEO Tidjane Thiam is in the clear, and the bank is scrambling to mitigate the “reputational damage” inflicted by efforts to carry out covert surveillance on a former top executive. An internal investigation carried out by law firm Homburger determined that Bouee acted alone in ordering surveillance of former wealth management boss Iqbal Khan, who left the Swiss lender abruptly in July to join fierce domestic rival UBS. In a press conference on Tuesday, Credit Suisse Chairman Urs Rohner apologized to Khan and his family for the “wrong and disproportionate” observation operation which has caused “severe reputational damage to the bank.” However, he reiterated the Board’s confidence in Thiam, insisting that the investigation found “zero evidence” that he was aware of the spying.

Asked by CNBC’s Geoff Cutmore whether it was credible to believe that Thiam had no knowledge at all of the events, and whether that was a concern in itself, Rohner said this had been discussed when investigators interviewed Thiam. “We have absolutely zero evidence that he was informed about it, and even in a big company, there are incidents and it was clearly established in the investigation that the COO of the company had acted alone and sometimes it may take some time to actually find out if something like that happened,” Rohner said. Bouee has been replaced as COO by company veteran James Walker. The directors also confirmed that a security consultant working for the bank had died, and expressed their condolences, but did not comment further. The Wall Street Journal had reported that the individual committed suicide last Tuesday, citing the Zurich lawyer representing private investigation firm Investigo, which carried out the surveillance on Khan. CNBC was not able to independently verify this report.

Bad blood

Khan left Credit Suisse in July following a deterioration of his relationship with Thiam, according to ongoing media reports. He was placed on unusually short gardening leave, given his seniority, and it was announced in late August that he was due to start work at UBS on Tuesday, October 1. At Tuesday’s press conference, Rohner said he personally negotiated the gardening leave with Khan and without the involvement of Thiam. The chairman revealed that he was informed by both Khan and Thiam in January of a dispute which took place at a “personal level” and “seemed to have been a heated discussion,” adding that their accounts of the sequence of events had differed. Khan filed a complaint with police in September after reportedly spotting an investigator following him and his wife in Zurich, though conflicting accounts of the incident have emerged.


Company: cnbc, Activity: cnbc, Date: 2019-10-01  Authors: elliot smith
Keywords: news, cnbc, companies, surveillance, following, company, khan, rohner, investigation, thiam, hopes, suisse, saga, curtain, bizarre, credit, close, coo, spying


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Bed Bath & Beyond shares jump on analyst upgrade, high hopes for a new CEO

Signage is displayed outside of a Bed Bath & Beyond Inc. store in Los Angeles, California, U.S., on Monday, Sept. 19, 2016. CEO Steven Temares resigned from the top job and from the board in May, and was succeeded by interim CEO Mary Winston. Ahead of the holiday shopping season, Bed Bath & Beyond has been putting more compelling and higher-margin products on the shelves, and removing older inventory. Bed Bath & Beyond also said on a recent earnings call that it is “reviewing and optimizing the


Signage is displayed outside of a Bed Bath & Beyond Inc. store in Los Angeles, California, U.S., on Monday, Sept. 19, 2016. CEO Steven Temares resigned from the top job and from the board in May, and was succeeded by interim CEO Mary Winston. Ahead of the holiday shopping season, Bed Bath & Beyond has been putting more compelling and higher-margin products on the shelves, and removing older inventory. Bed Bath & Beyond also said on a recent earnings call that it is “reviewing and optimizing the
Bed Bath & Beyond shares jump on analyst upgrade, high hopes for a new CEO Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-30  Authors: jasmine wu
Keywords: news, cnbc, companies, analyst, market, jump, board, share, bed, upgrade, hopes, ceo, stores, basham, earnings, bath, high, company, value, shares


Bed Bath & Beyond shares jump on analyst upgrade, high hopes for a new CEO

Signage is displayed outside of a Bed Bath & Beyond Inc. store in Los Angeles, California, U.S., on Monday, Sept. 19, 2016.

Shares of Bed Bath & Beyond rose more than 6% on Monday after WedBush upgraded the company to outperform from neutral, citing improved governance from a revamped board of directors and less cluttered stores ahead of the holiday season.

WedBush analyst Seth Basham also said that with its earnings report scheduled for Wednesday, the home goods retailer might name a “well-regarded and highly experienced” CEO to lead the transformation of the company, which could drive share prices up. WedBush upgraded its 12-month price target to $16 from $14.

“While turning around declining retailers is a very difficult task, particularly amidst unfavorable secular trends and soft industry sales growth, we see a good chance of stabilization — if not growth — in earnings over the next two years as sweeping changes take hold,” Basham wrote.

In the past few months, the company’s board of directors has been revamped at the behest of three activist investor groups, who urged the company to overhaul the board “to stem the tide of value destruction.” CEO Steven Temares resigned from the top job and from the board in May, and was succeeded by interim CEO Mary Winston.

According to Basham, the new changes have led to much-improved governance. The company has reduced its corporate staff by 7%, eliminated the role of the chief operating officer, and plans to cut inventory by about $1 billion, or 35%.

That’s also one of the steps the company is taking to improve shopping experiences for customers, Basham said. Previously, the company faced concerns that stores were chaotic, with excess inventory and clutter. Ahead of the holiday shopping season, Bed Bath & Beyond has been putting more compelling and higher-margin products on the shelves, and removing older inventory. This adds to the company’s signature “treasure hunt” experiences that drive consumers to shop at stores and gives them reasons to visit more frequently.

Bed Bath & Beyond also said on a recent earnings call that it is “reviewing and optimizing the company’s asset base, including our portfolio of retail banners.” It has reportedly hired Goldman Sachs to evaluate potential offers for some of its core divisions, including the sale of its Cost Plus World Market business.

Basham expects investors to realize the value of the company when it starts to sell off these assets or the real estate it owns. He said Cost Plus World Market is worth $250 million, or $2 per share, and that all of its noncore assets and real estate combined would be worth about $1.7 billion.

However, Basham said investors should expect to see earnings per share miss expectations when Bed Bath & Beyond reports Wednesday, because most of the initiatives are focused on the second half of the year. It is expected to earn 28 cents a share on revenue of $2.75 billion, according to a survey of analysts by Refinitiv.

Bed Bath & Beyond’s stock has fallen just over 7% since the beginning of the year, bringing the company to a market value of $1.26 billion.


Company: cnbc, Activity: cnbc, Date: 2019-09-30  Authors: jasmine wu
Keywords: news, cnbc, companies, analyst, market, jump, board, share, bed, upgrade, hopes, ceo, stores, basham, earnings, bath, high, company, value, shares


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European stocks close higher as trade hopes offset US political uncertainty

European shares traded higher on Friday as cautious optimism returns to markets over the state of U.S.-China trade relations, though gains may remain capped by escalating political uncertainty in the United States. The index tends to move inversely to GBP on account of the proportion of FTSE 100 companies’ profits denominated in dollars. Sterling pared its initial losses by the afternoon session to trade flat around $1.2311 at the closing bell. Investor focus is largely attuned to political deve


European shares traded higher on Friday as cautious optimism returns to markets over the state of U.S.-China trade relations, though gains may remain capped by escalating political uncertainty in the United States. The index tends to move inversely to GBP on account of the proportion of FTSE 100 companies’ profits denominated in dollars. Sterling pared its initial losses by the afternoon session to trade flat around $1.2311 at the closing bell. Investor focus is largely attuned to political deve
European stocks close higher as trade hopes offset US political uncertainty Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-27  Authors: chloe taylor elliot smith ryan browne, chloe taylor, elliot smith, ryan browne
Keywords: news, cnbc, companies, offset, european, stocks, close, uschina, gains, political, zelenskyit, president, sterling, hopes, higher, trade, traded, 100, ftse, uncertainty


European stocks close higher as trade hopes offset US political uncertainty

European shares traded higher on Friday as cautious optimism returns to markets over the state of U.S.-China trade relations, though gains may remain capped by escalating political uncertainty in the United States.

The pan-European Stoxx 600closed provisionally up around 0.42% during trade, with basic resources adding 1.6% to lead gains as the majority of sectors traded in positive territory, while utilities slipped 0.4%.

Britain’s FTSE 100 led the upward momentum, hitting its highest since August 2 during the morning, as sterling fell after Bank of England Monetary Policy Committee (MPC) member Michael Saunders said it is “quite plausible” that the central bank’s next move is a rate cut.

The index tends to move inversely to GBP on account of the proportion of FTSE 100 companies’ profits denominated in dollars. Sterling pared its initial losses by the afternoon session to trade flat around $1.2311 at the closing bell.

Investor focus is largely attuned to political developments in the U.S., following the release of a whistleblower complaint against President Donald Trump.

The report, published on Thursday, claimed the U.S. leader abused his office by enlisting the support of Ukraine to interfere in the 2020 U.S. election and that his administration tried to “lock down” records of a conversation between Trump and Ukrainian President Volodymyr Zelensky.

It sets the stage for an impeachment inquiry into the president that was announced by U.S. House of Representatives Speaker Nancy Pelosi earlier in the week.

On the U.S.-China trade front, negotiators on both sides are set to meet in Washington, D.C., on Oct. 10, three people close to the talks told CNBC on Thursday.


Company: cnbc, Activity: cnbc, Date: 2019-09-27  Authors: chloe taylor elliot smith ryan browne, chloe taylor, elliot smith, ryan browne
Keywords: news, cnbc, companies, offset, european, stocks, close, uschina, gains, political, zelenskyit, president, sterling, hopes, higher, trade, traded, 100, ftse, uncertainty


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European stocks higher as trade hopes offset rising US political uncertainty

European shares opened higher on Friday as cautious optimism returns to markets over the state of U.S.-China trade relations, though gains may remain capped by escalating political uncertainty in the United States. The pan-European Stoxx 600 rose by 0.4% in early trade, with basic resources adding 1.6% to lead gains as all sectors except utilities, which shed 0.2%, traded in positive territory. The index tends to move inversely to GBP on account of the proportion of FTSE 100 companies’ profits d


European shares opened higher on Friday as cautious optimism returns to markets over the state of U.S.-China trade relations, though gains may remain capped by escalating political uncertainty in the United States. The pan-European Stoxx 600 rose by 0.4% in early trade, with basic resources adding 1.6% to lead gains as all sectors except utilities, which shed 0.2%, traded in positive territory. The index tends to move inversely to GBP on account of the proportion of FTSE 100 companies’ profits d
European stocks higher as trade hopes offset rising US political uncertainty Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-27  Authors: elliot smith ryan browne, elliot smith, ryan browne
Keywords: news, cnbc, companies, stocks, zelenskyit, uschina, gains, rising, president, whistleblower, political, trade, 100, ftse, higher, weekon, offset, european, hopes, uncertainty


European stocks higher as trade hopes offset rising US political uncertainty

European shares opened higher on Friday as cautious optimism returns to markets over the state of U.S.-China trade relations, though gains may remain capped by escalating political uncertainty in the United States.

The pan-European Stoxx 600 rose by 0.4% in early trade, with basic resources adding 1.6% to lead gains as all sectors except utilities, which shed 0.2%, traded in positive territory.

Britain’s FTSE 100 led the upward momentum, hitting its highest since August 2 as sterling fell after Bank of England Monetary Policy Committee (MPC) member Michael Saunders said it is “quite plausible” that the central bank’s next move is a rate cut.

The index tends to move inversely to GBP on account of the proportion of FTSE 100 companies’ profits denominated in dollars.

Investor focus is largely attuned to political developments in the U.S., following the release of a whistleblower complaint against President Donald Trump.

The report, published on Thursday, claimed the U.S. leader abused his office by enlisting the support of Ukraine to interfere in the 2020 U.S. election and that his administration tried to “lock down” records of a conversation between Trump and Ukrainian President Volodymyr Zelensky.

It sets the stage for an impeachment inquiry into the president that was announced by U.S. House of Representatives Speaker Nancy Pelosi earlier in the week.

On the U.S.-China trade front, negotiators on both sides are set to meet in Washington, D.C., on Oct. 10, three people close to the talks told CNBC on Thursday.


Company: cnbc, Activity: cnbc, Date: 2019-09-27  Authors: elliot smith ryan browne, elliot smith, ryan browne
Keywords: news, cnbc, companies, stocks, zelenskyit, uschina, gains, rising, president, whistleblower, political, trade, 100, ftse, higher, weekon, offset, european, hopes, uncertainty


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Kremlin says it hopes US wouldn’t release Trump-Putin calls

US President Donald Trump and Russian President Vladimir Putin arrive for a meeting in Helsinki, on July 16, 2018. Russia voiced hope Friday that the U.S. administration wouldn’t publish private conversations between the two nations’ presidents, like it did with Ukraine. The rough transcript of President Donald Trump’s call with Ukrainian President Volodymyr Zelenskiy released by the White House Wednesday shows that Trump urged Ukraine to “look into” his Democratic political rival Joe Biden. Zak


US President Donald Trump and Russian President Vladimir Putin arrive for a meeting in Helsinki, on July 16, 2018. Russia voiced hope Friday that the U.S. administration wouldn’t publish private conversations between the two nations’ presidents, like it did with Ukraine. The rough transcript of President Donald Trump’s call with Ukrainian President Volodymyr Zelenskiy released by the White House Wednesday shows that Trump urged Ukraine to “look into” his Democratic political rival Joe Biden. Zak
Kremlin says it hopes US wouldn’t release Trump-Putin calls Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-27
Keywords: news, cnbc, companies, trumps, hopes, wouldnt, trumpputin, calls, russian, publish, democratic, white, house, putin, officials, conversations, release, kremlin, president


Kremlin says it hopes US wouldn't release Trump-Putin calls

US President Donald Trump and Russian President Vladimir Putin arrive for a meeting in Helsinki, on July 16, 2018.

Russia voiced hope Friday that the U.S. administration wouldn’t publish private conversations between the two nations’ presidents, like it did with Ukraine.

The rough transcript of President Donald Trump’s call with Ukrainian President Volodymyr Zelenskiy released by the White House Wednesday shows that Trump urged Ukraine to “look into” his Democratic political rival Joe Biden. The July 25 call is now the focus of a U.S. impeachment probe.

Asked if Moscow is worried that the White House could similarly publish transcripts of Trump’s calls with Russian President Vladimir Putin, Kremlin spokesman Dmitry Peskov said that “we would like to hope that it wouldn’t come to that in our relations, which are already troubled by a lot of problems.”

Speaking in a conference call with reporters, he emphasized that the publication of the Trump-Zelenskiy call is an internal U.S. issue, but added that it was “quite unusual” to release a confidential call between leaders.

“The materials related to conversations between heads of states are usually classified according to normal international practice,” he said.

The publication of the call, in which the presidents made critical comments about German Chancellor Angela Merkel and French President Emmanuel Macron, has drawn acerbic comments from other Russian officials and lawmakers.

“We are waiting for the party to continue,” said Russian Foreign Ministry spokeswoman Maria Zakharova. “Let them publish transcripts of conversations between NATO allies. It would also be useful to publish minutes of closed meetings at the CIA, the FBI and the Pentagon. Put it all on air!”

Zakharova also scoffed at Democratic House Speaker Nancy Pelosi’s decision to open an impeachment inquiry based on the call.

“Is it the Democrats’ job to make a laughing stock of the United States?” she said. “It’s exactly what Ms. Pelosi has done to Congress, the White House and other state institutions.”

In the past, Putin and his officials similarly derided U.S. special counsel Robert Mueller’s investigation of Kremlin interference in the 2016 presidential election, casting it as a failure and shrugging off Mueller’s exposure of evidence of Russian meddling in the vote.

Mueller found that there was not enough evidence to establish a conspiracy between Trump’s campaign and Russia, but he charged 12 Russian military intelligence officers with breaking into Democratic Party computers and the email accounts of officials with Hillary Clinton’s campaign.


Company: cnbc, Activity: cnbc, Date: 2019-09-27
Keywords: news, cnbc, companies, trumps, hopes, wouldnt, trumpputin, calls, russian, publish, democratic, white, house, putin, officials, conversations, release, kremlin, president


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