Latin American currencies started the
week with declines as conflicting headlines surrounding
U.S.-China trade talks kept investors on the sidelines, while
Brazil's real closed at an all-time low.
Shared-office operator WeWork's 2025 junk bond fell to a record low on Monday, with its last yielding bid at 16.06%. The We Company, owner of WeWork, said on Wednesday that net losses in the third quarter more than doubled to $1.25 billion. The New York Times reported on Sunday that WeWork is preparing to cut 4,000 jobs, citing two people with knowledge of the matter.
Brazil's real posted its lowest ever close of 4.2061 per dollar on Monday, as heavy selling met no resistance from the central bank at a key market level where it had intervened earlier this year. The dollar rose 0.3% to close at 4.2061 reais, a full cent above the previous all-time closing high of 4.1957 reais on Sept. 13 last year, but perhaps more significantly, comfortably above the 4.20 mark.
Global equity markets edged higher on Monday, lifting prices of U.S. government debt, as a new 90-day extension allowing U.S. companies to do business with China's Huawei eased the latest spike in investor angst over U.S.-Sino trade tensions.
* New U.S. 90-day extension to Huawei refuels equity rally. * U.S. Treasury prices rise on equity rally. * World share index less than 1% from record high. * Dollar slips as does crude as trade tensions remain. By Herbert Lash.
The acting top U.S. auto safety official said on Monday he was confident the U.S. Congress will ratify the trade treaty intended to replace NAFTA, boosting the auto industry and enabling automakers to build safer cars at lower prices.
Brazil's real weakened on Monday beyond 4.20 per dollar, on course for its weakest closing level on record, as traders pushed the currency through the key level where the central bank had intervened in August by selling dollars on the spot market.
* U.S. grants 90-day extension to Huawei. * HP dips after rejecting Xerox's (XRX) $33.5 bln bid. * Coty (COTY) gains on stake in Kylie Jenner's businesses. * Indexes up: Dow 0.12%, S&P 0.1%, Nasdaq 0.18% By Sinéad Carew. NEW YORK, Nov 18 - Wall Street's main indexes were very slightly higher on Monday after closing at records on Friday and investors digested mixed headlines on U.S.-China trade relations.
Brazil's Economy Minister Paulo Guedes said on Monday that the government's primary budget deficit this year should come in at just below 80 billion reais . Speaking at a news conference in Brasilia, Guedes said that the government had resisted increasing pressure to abolish its spending cap, but will be able to reverse all the spending freezes announced earlier in the year so it could meet its...
The world's largest mining trade group said on Monday it has concerns with global standards for mining waste dams being crafted by an independent panel of academics and engineers, especially how the new rules will apply equally to new and existing facilities.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
