10 things you need to know in markets today, November 20

Federal
Reserve Board Chair Jerome Powell put on his glasses while
testifying during a House Committee on Financial Services
hearing, Wednesday, July 18, 2018, Capitol Hill in
Washington.
Jacquelyn
Martin/AP

Good morning! Here’s what you need to know on Tuesday.

1. Asian stock markets slipped on
Tuesday,extending sharp overnight losses on
Wall Street as technology firms bore the brunt of worries about
slackening demand. 

2. The US and China are giving off bad signals
ahead of a crucial meeting between their
leaders. President
Donald Trump is talking up the possibility of making progress on
the trade war with China, but other parts of the administration
are still going hard after China.

3. Warburg Pincus is looking to raise its second
China-focused private equity fund of up to $4
billion, giving
the U.S. investment firm more firepower to cut deals in the
world’s second-largest economy, sources told Reuters.

4. The Federal Reserve is still expected to raise
interest rates again next month and three times next
year, but
a strong majority of economists polled by Reuters over the past
week say the risk is it will slow that pace down.

5. Norwegian oil and gas company Equinor is preparing to
pay for the protection of tropical
forests to help reduce its
carbon footprint, it said on Tuesday.

6. Google will invest 4.5 billion Danish crowns ($690
million) in building a new data center in Fredericia,
Denmark, its Danish unit announced on
Tuesday.

7. Germany bans 18 Saudi nationals from 26 Schengen
countries in response to the murder of Jamal Khashoggi
killing. Germany’s foreign
minister said questions regarding the crime and who was behind it
still remain.

8. Saudi Arabia’s foreign minister says the CIA’s
assessment of Jamal Khashoggi’s murder is
false. The CIA briefed
the president on the investigation into the murder, and
reportedly said evidence points to the Crown Prince’s direct
role.

9. Nissan and Mitsubishi shares slumped in Tokyo
trade, after the arrest on Monday of chairman Carlos
Ghosn. Ghosn,
who heads up the Japanese-French alliance
Renault-Nissan-Mitsubishi, is accused of under-reporting his
income. Both Nissan and Mitsubishi have said they plan to remove
him from his posts. 

10. Uber insiders describe infighting and
questionable decisions before its self-driving car killed a
pedestrian. As
Uber prepares to return its cars to the roads, Business Insider
spoke to current and former employees and viewed internal
documents.