* Government may cut upfront payments of 10% of asset value. * October auctions to domestic miners get tepid response. * Russian companies show "aggressive" interest -ministry official. By Sudarshan Varadhan and Melanie Burton.
The strength of the U.S. consumer has been often cited as a pillar of the economy and one of the reasons the S&P 500 has recently scaled new heights, but consumer discretionary stocks have skipped the party for several months. The S&P consumer discretionary sector hit a record high on July 15.
French Finance Minister Bruno Le Maire said on Sunday that the search for a new CEO for Renault was still on and that he favored selecting a professional from the automobile sector. "I can confirm the next CEO has not yet been chosen.
Striking unions threatened to shut down South Africa's entire aviation industry on Sunday by extending industrial action beyond state-run South African Airways. SAA has cancelled hundreds of flights since the strike began on Friday, saying the stoppage is costing 50 million rand per day and jeopardising talks with lenders around much-needed funding, threatening its survival.
A union that called a strike at South African Airways said on Sunday it was consulting with workers on a secondary strike across the industry after talks with the state-run carrier ended without a deal. "This secondary strike will have the impact of shutting down the entire aviation sector," National Union of Metalworkers of South Africa spokeswoman Phakamile Hlubi-Majola told reporters.
* U.S., China getting close to trade deal-White House adviser. * Healthcare sector posts biggest one-day gain since Jan. * Applied Materials (AMAT) jumps on strong forecast. * S&P 500 mints sixth straight week of gains. * Indexes up: Dow 0.8%, S&P 0.77%, Nasdaq 0.73% By Lewis Krauskopf.
U.S. retail sales rebounded moderately in October although consumers did cut back on purchases of big-ticket household items like furniture and discretionary spending, which could temper expectations for a strong holiday shopping season.
The strength of the U.S. consumer has been often cited as a pillar of the economy and one of the reasons the S&P 500 has recently scaled new heights, but consumer discretionary stocks have skipped the party for several months. The S&P consumer discretionary sector hit a record high on July 15.
Next year will be decisive for Colombia's oil and gas industry, as efforts to increase exploration and production move ahead in the midst of problems with community relations and security, industry experts said. The Andean country's government is currently holding its second oil auction of 2019, the cornerstone of its push to attract new oil investment. "I think it will be a better year.
- Wall Street's main stock indexes hit record highs on Friday, fueled by fresh optimism over a potential calming of U.S.-China trade tensions and by a strong forecast from semiconductor industry bellwether Applied Materials. The benchmark S&P 500 was on track for its sixth straight week of gains.
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