قالب وردپرس درنا توس
Home / Business / Fed minutes; Glencore caps coal; Refund for Walmart

Fed minutes; Glencore caps coal; Refund for Walmart



The central bank melted brakes on the plan to raise interest rates twice in 2019 in January, suggesting that it could be done with hiking at present.

The rapid turnaround in the strategy led to immediate speculation that the central bank surrendered to pressure from Wall Street, after the fear of an overly aggressive Fed helped send markets in November and December. The protocol could give investors a little more insight into the central bank's thinking.

2. Glencore caps litter: Glencore ( GLCNF ) has announced plans to cut its current coal production to adapt its business strategy to the goals of the Paris climate agreement.

The mining and raw material giant said it would also set new targets for cutting emissions from both activities and products, and bowed to shareholders' pressure.

"As one of the world's largest diversified mining companies, we have a central role in enabling transition to a low-carbon economy," Glencore said in a statement.

On Wednesday, Glencore reported weaker than expected profits in 201

8, announcing a $ 2 billion share purchase program. Its stock was trading 2.5% higher.

3. Walmart Refund: British Supermarket Chain Shares Sainsbury's ( JSNSF ) fueled 15% after British regulators expressed skepticism over their merger with Asda, owned by Walmart ( WMT ) .

The Competition Authority said that the agreement could lead to higher prices and less choice for customers. The watchdog also said it was concerned about potential price increases for petrol stations owned by the two chains. The results are preliminary and the two companies will now have the opportunity to respond.

Sainsbury said it was "surprised" by the findings and promised to continue to fight for the merger. The agreement will result in the country's largest supermarket chain.

See CNN Business & # 39; live digital show & # 39; Markets Now & # 39; today at 12:45 pm ET
4. Global market overview: The European markets opened higher, after a positive increase in Asia.
US stocks closed a little higher on Tuesday, with investors cautiously optimistic as the US-China trade negotiations continued. S & P 500 and Nasdaq increased 0.2% while Dow ended flat.
On Wednesday, Bloomberg reported that the US is asking China to keep the value of its currency stable as part of the negotiations. The promise can be part of a final agreement between the countries.
Before the clock newsletter: The key market news. In your inbox. Subscribe now!
5. Revenue and Companies: CVS Health ( CVS ) and Gannett ( GCI ) . Cheesecake Factory ( CAKE ) GoDaddy ( GDDY ) and Jack In The Box

] ] JACK is up.

Lloyds Bank ( LLDTF ) Stocks were 2.9% higher after the British bank announced better than expected results. The Swiss Bank UBS ( UBS ) may be hit with a great fine Wednesday in Paris after a lawsuit over their claims that it helped French customers avoid Pay tax.
6. Comes this week:
Wednesday – CVS ( CVS ) Jack in the Box and Cheesecake Factory ( CAKE ) report income
Thursday – Deutsche Telekom ( DTEGY ) Barclays

( BCS ) ] Baidu ( BIDU ) Domino and Wendy's Report Revenue
Friday – Berkshire Hathaway ( BRKA ) Earnings


Source link