Today's Top Story
Russia's Gazprombank freezes accounts of Venezuela's PDVSA: source
MOSCOW (Reuters) - Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling under U.S. sanctions, a Gazprombank source told Reuters on Sunday. Read More
Business News
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Airbus warns of no-deal Brexit, says has spent tens of millions preparing
LONDON (Reuters) - Airbus said on Sunday it would have to make "difficult decisions" about future investment if Britain crashes out of the European Union without a deal, adding it had already spent tens of millions of euros in preparations.
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Qatar aims to build $20 billion sports sector ahead of World Cup
DOHA (Reuters) - Qatar wants to attract more sports companies to the Gulf state, aiming to develop a $20 billion sports sector ahead of the 2022 World Cup, a senior official said on Sunday.
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Automakers brace for U.S. government report on import tariffs
WASHINGTON (Reuters) - A confidential Commerce Department report due to be sent to Donald Trump on Sunday is widely expected to clear the way for the U.S. president to threaten tariffs on imported autos and auto parts by designating the imports a national security threat, auto industry officials said on Friday.
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Economic News
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Russia's Gazprombank freezes accounts of Venezuela's PDVSA: source
MOSCOW (Reuters) - Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling under U.S. sanctions, a Gazprombank source told Reuters on Sunday.
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European car imports no threat to U.S. national security: VDA
FRANKFURT (Reuters) - Car imports from Europe do not endanger U.S. national security, German car lobby the VDA said on Sunday, echoing comments by Chancellor Angela Merkel a day earlier.
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Qatar aims to build $20 billion sports sector ahead of World Cup
DOHA (Reuters) - Qatar wants to attract more sports companies to the Gulf state, aiming to develop a $20 billion sports sector ahead of the 2022 World Cup, a senior official said on Sunday.
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Money News
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Big hedge funds dumped China stocks, Apple as market tumbled
NEW YORK (Reuters) - Prominent hedge fund managers sold out of Chinese technology stocks and dumped Silicon Valley majors such as Apple Inc and Facebook Inc while global stock markets cratered during the fourth quarter, according to securities filings released on Thursday.
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Prominent investors stock up on eBay, then activists flex muscle
NEW YORK (Reuters) - EBay Inc.'s stock price slumped for most of last year but a number of prominent hedge funds were so convinced that change is on the horizon for the e-commerce company that they established new or added to existing positions in the last months of 2018.
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Jeff Vinik offers fee cuts to help bring in cash for new fund
NEW YORK (Reuters) - Prominent U.S. investor Jeffrey Vinik is promising potential clients a cut in fees and said that it had been tougher to raise money than he initially thought, as he prepares to relaunch Vinik Asset Management after six years on the sidelines.
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