U.S. private employers boost hiring; consumer spending rises

WASHINGTON (Reuters) - U.S. private employers stepped up hiring in November and consumer spending increased last month, the latest signs of economic strength that could further cement the case for an interest rate hike from the Federal Reserve next month.

Read more

S&P, Dow set to open higher as oil prices jump

(Reuters) - The S&P 500 and the Dow looked set to open higher on Wednesday as oil prices soared on prospects of a big output cut by major producers.

Read more

Plaza memories may unnerve Trump-fueled dollar bulls

LONDON (Reuters) - Parallels between Donald Trump's U.S. economic plan and early 1980s Reaganomics have supercharged the dollar, reminding some that its rampant gains 30 years ago eventually required intervention to reverse them.

Read more

Philip Morris CEO looks towards phasing out cigarettes: BBC

LONDON (Reuters) - Philip Morris International , the world's largest international tobacco company, could eventually stop selling cigarettes, its chief executive told the BBC on Wednesday, as it launched its alternative product IQOS in Britain.

Read more

OPEC begins debate on oil cuts amid deep disagreement

VIENNA (Reuters) - OPEC began on Wednesday debating a deal to curtail oil production and prop up the price of crude, with Iran and Iraq resisting pressure from Saudi Arabia to participate fully in any action.

Read more

RBS fails Bank of England stress test, must bolster capital

LONDON (Reuters) - Royal Bank of Scotland will have to bolster its capital holdings after it failed this year's stress test of seven British lenders, the Bank of England said on Wednesday.

Read more

Leaner and meaner: U.S. shale greater threat to OPEC after oil price war

NEW YORK/HOUSTON (Reuters) - In a corner of the prolific Bakken shale play in North Dakota, oil companies can now pump crude at a price almost as low as that enjoyed by OPEC giants Iran and Iraq.

Read more

Consumers, exports power U.S. third-quarter economic growth

WASHINGTON (Reuters) - The U.S. economy grew faster than initially thought in the third quarter, notching its best performance in two years, buoyed by strong consumer spending and a surge in soybean exports.

Read more

Oil concerns temper European stocks

LONDON (Reuters) - Oil prices fell more than 1.5 percent on Tuesday, capping gains on European equities, as markets waited to see whether OPEC would be able to hammer out a meaningful output cut during a meeting to rein in a global supply overhang and prop up prices.

Read more

Oil prices fall on doubts over OPEC production cut

LONDON (Reuters) - Oil prices fell on Tuesday on signs that leading oil exporters were struggling to agree a deal to cut production to reduce global oversupply.

Read more

Iran, Iraq at loggerheads with Saudis ahead of OPEC meeting

VIENNA (Reuters) - Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production, making it hard for the Organization of the Petroleum Exporting Countries to reach a global output-limiting deal when it meets on Wednesday.

Read more

U.S. companies hope Trump will stick to business roots, back Cuba ties

WASHINGTON (Reuters) - U.S. companies are looking for ways to persuade President-elect Donald Trump to soften his threats to cancel the Obama administration's opening to Cuba, a reversal they fear could cost them hundreds of millions of dollars.

Read more

Wall St. slips as banks, discretionary stocks drag

NEW YORK (Reuters) - U.S. stocks declined on Monday for their worst performance in nearly a month, weighed down by a pullback in the financial and consumer discretionary sectors as some investors booked profits on the heels of a record-setting week.

Read more

Lawmaker Warren slams Wells Fargo over arbitration position

NEW YORK (Reuters) - Massachusetts Democratic Senator Elizabeth Warren on Monday criticized Wells Fargo & Co's decision to require customers affected by its unauthorized accounts scandal to go through arbitration rather than allowing them to sue.

Read more

U.S. Cyber Monday sales jump, set to surpass initial estimate

(Reuters) - U.S. online sales gained momentum on Cyber Monday and are set to surpass initial expectations by hitting a record $3.39 billion as consumers snapped up deals on the busiest day of the year for internet shopping.

Read more

U.S. Treasury presses on with rule opposing serial tax inversions

WASHINGTON (Reuters) - Despite Republican plans to scale back federal regulation next year, the U.S. Treasury is moving to finalize a controversial rule intended to make it harder for American companies to avoid U.S. taxes by redomiciling abroad.

Read more

U.S. Treasury presses on with rule opposing serial tax inversions

WASHINGTON (Reuters) - Despite Republican plans to scale back federal regulation next year, the U.S. Treasury is moving to finalize a controversial rule intended to make it harder for American companies to avoid U.S. taxes by redomiciling abroad.

Read more

Trump faces dilemma as U.S. oil reels from record biofuels targets

NEW YORK (Reuters) - The Obama administration signed its final plan for renewable fuel use in the United States last week, leaving an oil industry reeling from the most aggressive biofuel targets yet as President-elect Donald Trump takes over.

Read more

OPEC makes last-ditch bid to save oil deal as tensions grow

VIENNA (Reuters) - OPEC was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement.

Read more

U.S. shoppers spend less over holiday weekend amid discounting

CHICAGO (Reuters) - Early holiday promotions and a belief that deals will always be available took a toll on consumer spending over the Thanksgiving weekend as shoppers spent an average of 3.5 percent less than a year ago, the National Retail Federation said on Sunday.

Read more

Samsung Elec to consider split: Seoul Economic Daily

SEOUL (Reuters) - South Korea's Samsung Electronics Co Ltd will consider splitting itself into two as proposed by activist hedge fund Elliott Management, Seoul Economic Daily reported on Monday citing an unnamed source.

Read more

Australia’s Telstra failing to plug earnings hole with myriad of investments

SYDNEY (Reuters) - The ability of Australian telecoms company Telstra Corporation to offset the fall in its traditional revenue streams by diversifying into a range of technology and other businesses is in doubt.

Read more

Retail stock rally leaves few bargains for investors

SAN FRANCISCO (Reuters) - Wall Street expects consumers to open their wallets a little wider this holiday shopping season but bargains among red-hot retail stocks could be hard to find, especially as profit growth proves elusive for many big names.

Read more

Saudi wants OPEC to solve own problems before meeting non-OPEC

DUBAI/LONDON (Reuters) - Top OPEC oil exporter Saudi Arabia has told the producer group it will not attend talks on Monday with non-OPEC producers to discuss limiting supply, OPEC sources said, as it wants to focus on having consensus within the organization first.

Read more

Wall Street ends at record highs; dollar loses steam

NEW YORK (Reuters) - Key stock indexes on Wall Street swept to record intraday and closing highs on Black Friday thanks to gains in consumer staple and technology stocks, while European shares climbed, and a stabilization in U.S. Treasury yields led investors to sell the dollar.

Read more

Actelion shares surge on reported J&J takeover approach

ZURICH/FRANKFURT (Reuters) - Shares in Actelion Ltd jumped as much as 19 percent to record highs on Friday on reports that U.S. healthcare company Johnson & Johnson was interested in a takeover of the fast-growing Swiss biotechnology firm.

Read more

U.S. stores far from overwhelmed as Black Friday sales begin

(Reuters) - Faith Ruggieri, standing in the damp and chilly night air outside a Walmart in Providence, Rhode Island on Black Friday, represented a hopeful sign for traditional retailers squeezed by online rivals such as Amazon.com Inc .

Read more

Wells Fargo asks U.S. court to dismiss account scandal lawsuit

NEW YORK (Reuters) - Wells Fargo & Co has asked a U.S. court to order dozens of customers who are suing the bank over the opening of unauthorized accounts to resolve their disputes in private arbitrations instead of court, according to legal documents.

Read more

Thanksgiving sales surge online as shoppers stay home for holiday

(Reuters) - Online spending by U.S. bargain hunters climbed to above $1 billion by Thanksgiving evening, according to Adobe Digital Index, surging almost 14 percent from a year ago and reflecting a broader trend away from brick-and-mortar shopping.

Read more

Oil market static in thin trade ahead of OPEC meeting next week

SINGAPORE (Reuters) - Oil trading was static early on Friday as uncertainty ahead of a planned OPEC-led crude production cut and thin liquidity after the U.S. Thanksgiving holiday kept traders from taking big new positions.

Read more

Asian stocks steady as dollar pulls back from 13-1/2-year high

SINGAPORE (Reuters) - Asian stocks steadied on Friday as the Thanksgiving break in the United States pegged the dollar's relentless surge that had sucked capital out of most emerging markets.

Read more

Trump says 'making progress' to keep Carrier Corp in U.S.

WASHINGTON (Reuters) - U.S. Republican President-elect Donald Trump on Thursday said he was "making progress" to keep Carrier Corp's heating, air conditioning and refrigeration business in Indiana.

Read more

Oil prices static on uncertainty over planned production cut

LONDON (Reuters) - Oil prices were little changed on Thursday as uncertainty ahead of a planned OPEC-led crude production cut and thin liquidity during the U.S. Thanksgiving holiday kept traders from making big new bets.

Read more

Fed policymakers confident of need for rate hikes on eve of Trump win

WASHINGTON, Nov 23 (Reuters) - Federal Reserve policymakers appeared confident on the eve of the U.S. presidential election that the economy was strengthening enough to warrant interest rate increases soon, minutes from the Fed's Nov. 1-2 meeting showed.

Read more

Japan stocks rise to near 11-mth high, dollar bulls continue charge

TOKYO (Reuters) - Japanese stocks rose to a near 11-month high on Thursday on a weaker yen and after Wall Street shares closed at record highs overnight, while the dollar's bull run continued as upbeat economic data took U.S. bond yields to multi-year highs.

Read more

Industrials lift Dow to record, techs drag S&P and Nasdaq

(Reuters) - The Dow hit an all-time high for the third straight day on Wednesday, helped by a record-setting surge in industrial stocks, but a drop in technology heavyweights kept the S&P 500 and the Nasdaq in negative territory.

Read more

EU regulator conditionally approves Abbott's purchase of St Jude

BRUSSELS (Reuters) - The European Commission on Wednesday said it has given its conditional approval to U.S. medical device maker Abbott Laboratories' bid for peer St Jude Medical Inc .

Read more

Exclusive: Microsoft set to win EU approval for LinkedIn buy - sources

BRUSSELS (Reuters) - Microsoft is set to gain EU approval for its $26 billion buy of professional social network LinkedIn with tweaks to concessions aimed at addressing competition concerns, three people close to the matter said on Wednesday.

Read more

U.S. durable goods report hints at pickup in business spending

WASHINGTON (Reuters) - New orders for U.S. manufactured capital goods rebounded in October, driven by rising demand for machinery and a range of other equipment, pointing to a tentative pickup in business investment.

Read more

U.S. retailers push deals early as Black Friday loses focus

CHICAGO (Reuters) - With sales on Black Friday slipping, U.S. retailers are offering pre-Thanksgiving deals even earlier than in recent years to draw shoppers as the day after no longer marks a spending peak at brick-and-mortar chains.

Read more

In wake of Wells Fargo, U.S. regulator mulls tougher bank sanctions

WASHINGTON (Reuters) - A U.S. banking regulator is considering whether to harden sanctions against lenders that abuse their clients or violate banking laws, according to a draft plan, seen by Reuters, that was drawn up in the wake of a scandal at Wells Fargo.

Read more

As Trump disses TPP, China says to 'play role' in Asia-Pacific integration

BEIJING (Reuters) - China will "play its role" in promoting economic integration in the Asia-Pacific, the foreign ministry said on Wednesday, after U.S. President-elect Donald Trump said he would kill an ambitious regional trade pact.

Read more

Asia stocks share some Wall St joy, U.S. yields a drag

SYDNEY (Reuters) - Asian stocks bounced to one-week highs on Wednesday as investors tried to share in the exuberance of Wall Street's record run, while lofty U.S. bond yields favored the dollar at the expense of emerging market currencies.

Read more

U.S. existing home sales hit more than 9-1/2-year high

WASHINGTON (Reuters) - U.S. home resales rose in October to their highest level in more than 9-1/2 years amid pent-up demand, offering more evidence of a pickup in economic growth early in the fourth quarter.

Read more

OPEC to debate oil output cut next week but Iraq, Iran hesitate

VIENNA/DUBAI (Reuters) - OPEC will debate an oil output cut of 4.0-4.5 percent for all of its members except Libya and Nigeria next week but the deal's success hinges on an agreement from Iraq and Iran, which are far from certain to give their full backing.

Read more

Volkswagen puts conquering Americas at heart of turnaround plan

WOLFSBURG, Germany (Reuters) - Volkswagen is putting the Americas at the heart of the turnaround plan for its core VW brand, pinning its hopes on new higher-margin SUVs and electric cars to rebuild its image following the diesel emissions cheating scandal.

Read more

Trump's pullout of TPP opens way for China

TOKYO/SYDNEY (Reuters) - An Asia-Pacific trade deal stands almost no chance of working now that U.S. President-elect Donald Trump has pulled the plug on it, proponents of the pact said on Tuesday, opening the way for China to assume the leadership mantle on trade.

Read more

Sneakers show limits of trade policy in reviving jobs for Trump

(Reuters) - American companies from appliance makers to auto parts suppliers have lined up to offer a quiet caution to President-elect Donald Trump as he considers pulling the United States from trade deals: most lost manufacturing jobs aren’t coming back, but higher costs for consumers could.

Read more

Sneakers show limits of trade policy in reviving jobs for Trump

(Reuters) - American companies from appliance makers to auto parts suppliers have lined up to offer a quiet caution to President-elect Donald Trump as he considers pulling the United States from trade deals: most lost manufacturing jobs aren’t coming back, but higher costs for consumers could.

Read more

Tyson Foods profit misses estimate; CEO to step down

(Reuters) - Tyson Foods Inc posted a lower-than-expected quarterly profit and said Chief Executive Donnie Smith would step down at the end of the year as the No. 1 U.S. meat processor looks to expand its presence in branded prepared foods.

Read more

Citi and JPMorgan top list of globally systemic banks

LONDON (Reuters) - Citi has joined JPMorgan at the top of global regulators' list of systemically important banks, replacing HSBC and meaning the U.S. bank will have to hold extra capital from 2019 to help preserve financial stability.

Read more

Exclusive: China's Anbang may buy $2.3 billion in Japanese property from Blackstone - sources

TOKYO (Reuters) - China's Anbang Insurance Group Co [ANBANG.UL] is in talks to buy as much as $2.3 billion in Japanese residential property assets from Blackstone Group , two people involved in the discussions said, in what would be Japan's biggest property deal since the global financial crisis.

Read more

Symantec in the lead to acquire LifeLock: sources

(Reuters) - Symantec Corp is in the lead to acquire LifeLock Inc following an auction for the U.S. identity theft protection services company, people familiar with the matter said on Sunday.

Read more

Galaxy Note 7 recall did not damage Samsung brand in U.S.: Reuters/Ipsos poll

SAN FRANCISCO (Reuters) - A global recall of fire-prone Galaxy Note 7 smartphones did not appear to hurt U.S. consumers' willingness to buy Samsung Electronics phones, a Reuters/Ipsos opinion poll released on Sunday showed.

Read more

Symantec agrees to buy LifeLock for $2.3 billion in cash: media

(Reuters) - Computer security software manufacturer Symantec Corp. will acquire LifeLock Inc. for $2.3 billion in cash, according to a tweet from CNBC, citing Dow Jones.

Read more

After initial Trump trade, politics keep stocks on edge

NEW YORK (Reuters) - Arguing over politics is a Thanksgiving Day tradition, but Donald Trump's presidential election adds a new twist to any bickering at next week's holiday dinner table: What the new U.S. government could mean for your stock portfolio.

Read more

APEC leaders commit to fighting 'all forms' of protectionism

LIMA (Reuters) - Pacific rim leaders said on Sunday that they were committed to fighting "all forms of protectionism," and encouraged signatories of the TPP trade pact to continue supporting it despite fears it may not have a future in its current form.

Read more

Asian export nations wary dollar boost gives Trump pretext to beat them

TOKYO/SEOUL (Reuters) - Asian currency policymakers are worried that the strengthening of the dollar on expectations of U.S. President-elect Donald Trump's fiscal policies could be used by his administration as a stick to beat them with on trade protectionist grounds.

Read more

Trump to be held to his word on Fed independence: Bullard

BERLIN (Reuters) - The U.S. Federal Reserve will hold U.S. President-elect Donald Trump to his word on preserving the central bank's independence, policymaker James Bullard told a German newspaper on Sunday.

Read more

Volkswagen CEO says sees case for building own battery factory: paper

FRANKFURT (Reuters) - Europe's largest carmaker Volkswagen sees building its own factory to make electronic vehicle batteries as a logical move as it expands production of low-emission cars after its emissions scandal.

Read more

Hong Kong firms in China charm-push ahead of Hong Kong-Shenzhen investment link

SHANGHAI (Reuters) - Scores of Hong Kong-listed companies - many small - are on a roadshow blitz in China to whet the appetite of mainland investors ahead of the launch of a cross-border investment link between Shenzhen and Hong Kong.

Read more

China pledges further opening as leaders scramble for free trade

LIMA (Reuters) - Chinese President Xi Jinping pledged on Saturday to further open the world's second-largest economy as leaders of Asia-Pacific countries gathered in Peru to find new free-trade options after Donald Trump was elected U.S. president on a protectionist platform.

Read more

Wall Street slips, led by healthcare decline

NEW YORK (Reuters) - U.S. stocks ended lower on Friday, with healthcare stocks leading the declines, as investors cashed in on a post-election rally and waited for clarity on the next administration's policies.

Read more

VW no longer expects tax demands in Germany related to diesel scandal

FRANKFURT (Reuters) - Volkswagen does not expect the German government to make tax demands to cover revenue losses related to the carmaker's diesel scandal, a company spokesman said on Saturday.

Read more

Under pressure on U.S. jobs, Ford tries new gambit with Trump

WASHINGTON (Reuters) - Ford Motor Co , one of Donald Trump's prime corporate targets on the campaign trail, offered the President-elect a chance to claim a victory late on Thursday by informing him it would not shift production of a Lincoln sport utility vehicle to Mexico from Kentucky.

Read more

Pacific rim leaders to debate future of trade post-Trump

LIMA (Reuters) - Leaders of Pacific rim nations began gathering in Peru on Friday seeking to salvage hopes for regional trade as prospects of a Donald Trump presidency sounded a possible death knell for the U.S-led Trans-Pacific Partnership (TPP) free trade pact.

Read more

Abercrombie warns of challenging holiday quarter, shares skid

(Reuters) - Abercrombie & Fitch Co warned of a challenging holiday quarter after reporting its 15th straight decline in quarterly sales, indicating that the teen apparel retailer's turnaround efforts had failed to attract shoppers.

Read more

OPEC moves closer to oil output deal as Iran gets new offer

DOHA (Reuters) - OPEC is moving closer toward finalizing this month its first deal since 2008 to limit oil output, with most members prepared to offer Iran significant flexibility on production volumes, ministers and sources said on Friday.

Read more

Can Trump make coal great again? At least some companies think so

WASHINGTON (Reuters) - Most of the U.S. coal industry doubts Donald Trump can fulfill his promise to make the ailing industry great again in a country awash in dirt-cheap natural gas, a competing fuel.

Read more

U.S. says concerned over Russia blocking access to LinkedIn

MOSCOW (Reuters) - The U.S. government said on Friday it was deeply concerned over Russia's decision to block public access to networking site LinkedIn, saying it created a precedent that could be used to justify blocking other sites operating in Russia.

Read more

Volkswagen to cut 30,000 jobs at VW brand by 2020

WOLFSBURG, Germany (Reuters) - Volkswagen and its powerful labor unions agreed to cut 30,000 jobs at the core VW brand in exchange for avoiding forced redundancies in Germany until 2025, a compromise which leaves the carmaker's profitability still lagging rivals.

Read more

Snap's youthful founders show no fear in race to IPO

SAN FRANCISCO (Reuters) - Snap Inc, the red-hot messaging company, is seen by many tech investors as the next Facebook or Google, but its youthful founders are pushing far more aggressively than its predecessors in moving from scrappy startup to public company.

Read more

Ford tells Trump no Lincoln SUV production going to Mexico

WASHINGTON (Reuters) - U.S. President-elect Donald Trump said Ford Motor Co Executive Chairman Bill Ford Jr told him the automaker would not move a Kentucky plant to Mexico, but the firm said it informed him the decision was to keep one vehicle in U.S. production.

Read more

Snap's youthful founders show no fear in race to IPO

SAN FRANCISCO (Reuters) - Snap Inc, the red-hot messaging company, is seen by many tech investors as the next Facebook or Google, but its youthful founders are pushing far more aggressively than its predecessors in moving from scrappy startup to public company.

Read more

Ford tells Trump no Lincoln SUV production going to Mexico

WASHINGTON (Reuters) - U.S. President-elect Donald Trump said Ford Motor Co Executive Chairman Bill Ford Jr told him the automaker would not move a Kentucky plant to Mexico, but the firm said it informed him the decision was to keep one vehicle in U.S. production.

Read more

Ford tells Trump no Lincoln SUV production going to Mexico

WASHINGTON (Reuters) - U.S. President-elect Donald Trump said on Thursday Ford Motor Co Executive Chairman Bill Ford Jr told him the automaker would not move production at a Kentucky plant to Mexico.

Read more

Rising U.S. yields help dollar to 13-1/2 year high, Asian shares slip

TOKYO (Reuters) - Asian share markets weakened on Friday as rising U.S. bond yields carried the dollar to a more than 13-1/2 year high against a basket of major currencies, fueled by expectations that President-elect Donald Trump's policies will lead to higher interest rates.

Read more

Trump says Ford not moving U.S. plant to Mexico

WASHINGTON (Reuters) - U.S. President-elect Donald Trump said on Thursday Ford Motor Co Chairman Bill Ford had just told him the automaker had decided not to move production at a Kentucky plant to Mexico.

Read more

Dollar soars on U.S. yield gains, Asian shares wobbly

TOKYO (Reuters) - The dollar vaulted to 13 1/2-year highs against a basket of major currencies as U.S. bond yields rose, leaving Asian stocks vulnerable to potential rotation out of emerging markets to the United States.

Read more

U.S. inflation, labor market data bolster Fed December rate hike

WASHINGTON (Reuters) - U.S. consumer prices recorded their biggest increase in six months in October on rising gasoline costs and rents, suggesting a pickup in inflation that potentially clears the way for the Federal Reserve to raise interest rates in December.

Read more

Wall street stocks lifted by data, earnings Yellen remarks

NEW YORK (Reuters) - The benchmark S&P 500 index rose to within a hair of its record high on Thursday as bank stocks got a boost from bets on higher interest rates and consumer discretionary stocks were helped by economic data and earnings.

Read more

U.S. inflation, labor market data bolster Fed December rate hike

WASHINGTON (Reuters) - U.S. consumer prices recorded their biggest increase in six months in October on rising gasoline costs and rents, suggesting a pickup in inflation that potentially clears the way for the Federal Reserve to raise interest rates in December.

Read more

Wall street stocks lifted by data, earnings Yellen remarks

NEW YORK (Reuters) - The benchmark S&P 500 index rose to within a hair of its record high on Thursday as bank stocks got a boost from bets on higher interest rates and consumer discretionary stocks were helped by economic data and earnings.

Read more

U.S. inflation, labor market data bolster Fed December rate hike

WASHINGTON (Reuters) - U.S. consumer prices recorded their biggest increase in six months in October on rising gasoline costs and rents, suggesting a pickup in inflation that potentially clears the way for the Federal Reserve to raise interest rates in December.

Read more

Wall street stocks lifted by data, earnings Yellen remarks

NEW YORK (Reuters) - The benchmark S&P 500 index rose to within a hair of its record high on Thursday as bank stocks got a boost from bets on higher interest rates and consumer discretionary stocks were helped by economic data and earnings.

Read more

U.S. inflation, labor market data bolster Fed December rate hike

WASHINGTON (Reuters) - U.S. consumer prices recorded their biggest increase in six months in October on rising gasoline costs and rents, suggesting a pickup in inflation that potentially clears the way for the Federal Reserve to raise interest rates in December.

Read more

S&P 500 index climbs after Yellen remarks boost bank stocks

NEW YORK (Reuters) - The benchmark S&P 500 index rose and was near its record high on Thursday as bank stocks got a boost on bets that the U.S. Federal Reserve was on track to raise interest rates in December following comments by Chair Janet Yellen.

Read more

U.S. inflation, labor market data bolster Fed December rate hike

WASHINGTON (Reuters) - U.S. consumer prices recorded their biggest increase in six months in October on rising gasoline costs and rents, suggesting a pickup in inflation that potentially clears the way for the Federal Reserve to raise interest rates in December.

Read more

S&P higher as Yellen remarks boost bank stocks

(Reuters) - The S&P 500 was within shouting distance of its record high on Thursday as bank stocks got a boost after Federal Reserve Chair Janet Yellen indicated the central bank was on track to raise interest rates at its meeting next month.

Read more

U.S. inflation, labor market data bolster Fed December rate hike

WASHINGTON (Reuters) - U.S. consumer prices recorded their biggest increase in six months in October on rising gasoline costs and rents, suggesting a pickup in inflation that potentially clears the way for the Federal Reserve to raise interest rates in December.

Read more

S&P, Nasdaq higher as investors digest Yellen remarks

(Reuters) - The S&P and the Nasdaq were slightly higher in late morning trading on Thursday as investors assessed remarks by Federal Reserve Chair Janet Yellen at a congressional testimony.

Read more

U.S. inflation, labor market data bolster Fed December rate hike

WASHINGTON (Reuters) - U.S. consumer prices recorded their biggest increase in six months in October on rising gasoline costs and rents, suggesting a pickup in inflation that potentially clears the way for the Federal Reserve to raise interest rates in December.

Read more

Yellen says Fed could raise interest rates 'relatively soon'

WASHINGTON (Reuters) - The Federal Reserve could raise U.S. interest rates "relatively soon" if economic data keeps pointing to an improving labor market and rising inflation, Fed Chair Janet Yellen said on Thursday in a clear hint the U.S. central bank could hike next month.

Read more

U.S. consumer prices post largest gain in six months

WASHINGTON, (Reuters) - U.S. consumer prices recorded their biggest increase in six months in October on rising gasoline costs and rents, suggesting a pickup in inflation that

Read more

Yellen says Fed could raise interest rates 'relatively soon'

WASHINGTON (Reuters) - The Federal Reserve could raise U.S. interest rates "relatively soon" if economic data keeps pointing to an improving labor market and rising inflation, Fed Chair Janet Yellen said on Thursday in a clear hint the U.S. central bank could hike next month.

Read more

Uber says Taiwan's steps against it hurting citizens

TAIPEI (Reuters) - Uber Technologies Inc [UBER.UL] urged Taiwan President Tsai Ing-wen to let the island's people decide whether they want Uber services in Taiwan, the latest salvo in the wrangle between the authorities there and the global ride-hailing service company.

Read more

Key U.S. senator remains concerned over ChemChina-Syngenta deal

BEIJING (Reuters) - A powerful U.S. senator said he is concerned that state-owned ChemChina, which is buying Swiss crop protection and seed group Syngenta for $43 billion, could use U.S. sovereign immunity laws to shield itself from claims in U.S. courts.

Read more

Uber says Taiwan's steps against it hurting citizens

TAIPEI (Reuters) - Uber Technologies Inc [UBER.UL] urged Taiwan President Tsai Ing-wen to let the island's people decide whether they want Uber services in Taiwan, the latest salvo in the wrangle between the authorities there and the global ride-hailing service company.

Read more

Key U.S. senator remains concerned over ChemChina-Syngenta deal

BEIJING (Reuters) - A powerful U.S. senator said he is concerned that state-owned ChemChina, which is buying Swiss crop protection and seed group Syngenta for $43 billion, could use U.S. sovereign immunity laws to shield itself from claims in U.S. courts.

Read more

Foreign banks shaken by Malaysia's move to halt currency slide

HONG KONG/KUALA LUMPUR (Reuters) - Foreign banks in Malaysia on Thursday were trying to work out how to comply with the central bank's clamp-down on offshore ringgit trading, a move the broader market views as a form of capital controls.

Read more

Uber says Taiwan's steps against it hurting citizens

TAIPEI (Reuters) - Uber Technologies Inc [UBER.UL] urged Taiwan President Tsai Ing-wen to let the island's people decide whether they want Uber services in Taiwan, the latest salvo in the wrangle between the authorities there and the global ride-hailing service company.

Read more

Foreign banks shaken by Malaysia's move to halt currency slide

HONG KONG/KUALA LUMPUR (Reuters) - Foreign banks in Malaysia on Thursday were trying to work out how to comply with the central bank's clamp-down on offshore ringgit trading, a move the broader market views as a form of capital controls.

Read more

Uber says Taiwan's steps against it hurting citizens

TAIPEI (Reuters) - Uber Technologies Inc [UBER.UL] urged Taiwan President Tsai Ing-wen to let the island's people decide whether they want Uber services in Taiwan, the latest salvo in the wrangle between the authorities there and the global ride-hailing service company.

Read more

Oil prices fall on U.S. crude stock build, OPEC remains in focus

SINGAPORE (Reuters) - Crude oil futures dropped on Thursday after official inventory reports indicated a larger-than-expected build in U.S. oil stocks.

Read more

U.S. manufacturing sector stabilizing; producer prices tame

WASHINGTON (Reuters) - U.S. manufacturing output increased for a second straight month in October amid gains in the production of motor vehicles and a range of other goods, suggesting that the battered factory sector was slowly recovering.

Read more

Oil prices fall on U.S. crude stock build, OPEC remains in focus

SINGAPORE (Reuters) - Crude oil futures dropped on Thursday after official inventory reports indicated a larger-than-expected build in U.S. oil stocks.

Read more

U.S. manufacturing sector stabilizing; producer prices tame

WASHINGTON (Reuters) - U.S. manufacturing output increased for a second straight month in October amid gains in the production of motor vehicles and a range of other goods, suggesting that the battered factory sector was slowly recovering.

Read more

Oil prices fall on U.S. crude stock build, OPEC remains in focus

SINGAPORE (Reuters) - Crude oil futures dropped on Thursday after official inventory reports indicated a larger-than-expected build in U.S. oil stocks.

Read more

U.S. manufacturing sector stabilizing; producer prices tame

WASHINGTON (Reuters) - U.S. manufacturing output increased for a second straight month in October amid gains in the production of motor vehicles and a range of other goods, suggesting that the battered factory sector was slowly recovering.

Read more

Oil prices fall on U.S. crude stock build, OPEC remains in focus

SINGAPORE (Reuters) - Crude oil futures dropped on Thursday after official inventory reports indicated a larger-than-expected build in U.S. oil stocks.

Read more

U.S. manufacturing sector stabilizing; producer prices tame

WASHINGTON (Reuters) - U.S. manufacturing output increased for a second straight month in October amid gains in the production of motor vehicles and a range of other goods, suggesting that the battered factory sector was slowly recovering.

Read more

Dollar edges away from 13-year peak, Asian stocks slip

TOKYO (Reuters) - The dollar edged away from a 13-year peak on Thursday, following an easing of the week-long surge in Treasury yields that was fueled by hopes for the Trump administration's economic policies, and Asian stocks slipped on Wall Street's overnight dip.

Read more

U.S. manufacturing sector stabilizing; producer prices tame

WASHINGTON (Reuters) - U.S. manufacturing output increased for a second straight month in October amid gains in the production of motor vehicles and a range of other goods, suggesting that the battered factory sector was slowly recovering.

Read more

Citigroup CFO says U.S. tax rate cut could bring $4 billion charge

NEW YORK (Reuters) - If federal corporate tax rates decline 20 percent under President-elect Donald Trump, Citigroup Inc may have to take a $4 billion charge to profits to reflect lower values for its deferred tax assets, the bank's chief financial officer said on Wednesday.

Read more

U.S. manufacturing sector stabilizing; producer prices tame

WASHINGTON (Reuters) - U.S. manufacturing output increased for a second straight month in October amid gains in the production of motor vehicles and a range of other goods, suggesting that the battered factory sector was slowly recovering.

Read more

Citigroup CFO says U.S. tax rate cut could bring $4 billion charge

NEW YORK (Reuters) - If federal corporate tax rates decline 20 percent under President-elect Donald Trump, Citigroup Inc may have to take a $4 billion charge to profits to reflect lower values for its deferred tax assets, the bank's chief financial officer said on Wednesday.

Read more

U.S. manufacturing sector stabilizing; producer prices tame

WASHINGTON (Reuters) - U.S. manufacturing output increased for a second straight month in October amid gains in the production of motor vehicles and a range of other goods, suggesting that the battered factory sector was slowly recovering.

Read more

Citigroup CFO says U.S. tax rate cut could bring $4 billion charge

NEW YORK (Reuters) - If federal corporate tax rates decline 20 percent under President-elect Donald Trump, Citigroup Inc may have to take a $4 billion charge to profits to reflect lower values for its deferred tax assets, the bank's chief financial officer said on Wednesday.

Read more

U.S. manufacturing sector stabilizing; producer prices tame

WASHINGTON (Reuters) - U.S. manufacturing output increased for a second straight month in October amid gains in the production of motor vehicles and a range of other goods, suggesting that the battered factory sector was slowly recovering.

Read more

Citigroup CFO says U.S. tax rate cut could bring $4 billion charge

NEW YORK (Reuters) - If federal corporate tax rates decline 20 percent under President-elect Donald Trump, Citigroup Inc may have to take a $4 billion charge to profits to reflect lower values for its deferred tax assets, the bank's chief financial officer said on Wednesday.

Read more

U.S. manufacturing sector stabilizing; producer prices tame

WASHINGTON (Reuters) - U.S. manufacturing output increased for a second straight month in October amid gains in the production of motor vehicles and a range of other goods, suggesting that the battered factory sector was slowly recovering.

Read more

U.S. manufacturing sector stabilizing; producer prices tame

WASHINGTON (Reuters) - U.S. manufacturing output increased for a second straight month in October amid gains in the production of motor vehicles and a range of other goods, suggesting that the battered factory sector was slowly recovering.

Read more

U.S. panel says China state firms should be banned from buying U.S. companies

WASHINGTON/BEIJING (Reuters) - A U.S. congressional commission charged with monitoring security and trade links between the United States and China has recommended that CFIUS, the body that vets acquisitions from foreign firms, be required to block purchases from Chinese state-owned companies.

Read more

IEA expects U.S. shale output rise if OPEC pushes oil to $60

LONDON (Reuters) - U.S. shale oil producers will increase their output if oil prices hit $60 a barrel, meaning OPEC will have to walk a fine line if it curtails production to prop up prices, the head of the International Energy Agency (IEA) said.

Read more

U.S. panel says China state firms should be banned from buying U.S. companies

WASHINGTON/BEIJING (Reuters) - A U.S. congressional commission charged with monitoring security and trade links between the United States and China has recommended that CFIUS, the body that vets acquisitions from foreign firms, be required to block purchases from Chinese state-owned companies.

Read more

A post-Trump SEC could shake up current policy

WASHINGTON (Reuters) - It will be a new day at the U.S. Securities and Exchange Commission after President-elect Donald Trump installs his choice to run the agency.

Read more

U.S. producer prices unchanged in October on weak services

WASHINGTON (Reuters) - U.S. producer prices were unexpectedly flat in October as a rise in the cost of goods was offset by declining services costs.

Read more

OPEC pushes for consensus on oil cut, gaps narrowing: sources

LONDON/DOHA (Reuters) - OPEC officials are working to nail down details of their plan to limit oil supply and gaps over some sticking points are narrowing, OPEC sources said, a sign of progress in finalizing the exporter group's first such deal since 2008.

Read more

A post-Trump SEC could shake up current policy

WASHINGTON (Reuters) - It will be a new day at the U.S. Securities and Exchange Commission after President-elect Donald Trump installs his choice to run the agency.

Read more

Fed's Bullard: Would be surprise if Fed didn't hike rates in December

LONDON (Reuters) - It would need a surprise for the Federal Reserve not to raise U.S. interest rates next month, one of the central bank's policymakers, James Bullard, said on Wednesday.

Read more

Trump-fueled risk rally shifts to Japanese bonds, euro

LONDON (Reuters) - Investors resumed the post-U.S. election trade of selling bonds and buying stocks on Wednesday after a pause earlier this week, albeit less aggressively, with Japan's 10-year bond yield hitting its highest since February.

Read more

Oil demand won't peak before 2040, despite Paris deal: IEA

LONDON (Reuters) - The International Energy Agency expects global oil consumption to peak no sooner than 2040, leaving its long-term forecasts for supply and demand unchanged despite the 2015 Paris Climate Change Agreement entering into force.

Read more

December rate hike may be enough to get U.S. rates to neutral setting, Fed's Bullard says

() - One interest rate increase, possibly next month, may be enough to bring U.S. rates to a neutral setting, Federal Reserve policymaker James Bullard said on Wednesday.

Read more

December rate hike may be enough to get U.S. rates to neutral setting, Fed's Bullard says

() - One interest rate increase, possibly next month, may be enough to bring U.S. rates to a neutral setting, Federal Reserve policymaker James Bullard said on Wednesday.

Read more

Snapchat files for one of the biggest tech IPOs in years: sources

(Reuters) - Snapchat has filed for an initial public offering, sources familiar with the situation said on Tuesday, which puts the messaging app a step closer to the biggest U.S. stock market debut since 2014.

Read more

Snapchat files for one of the biggest tech IPOs in years: sources

(Reuters) - Snapchat has filed for an initial public offering, sources familiar with the situation said on Tuesday, which puts the messaging app a step closer to the biggest U.S. stock market debut since 2014.

Read more

Snapchat files for one of the biggest tech IPOs in years: sources

(Reuters) - Snapchat has filed for an initial public offering, sources familiar with the situation said on Tuesday, which puts the messaging app a step closer to the biggest U.S. stock market debut since 2014.

Read more

Snapchat files for one of the biggest tech IPOs in years: sources

(Reuters) - Snapchat has filed for an initial public offering, sources familiar with the situation said on Tuesday, which puts the messaging app a step closer to the biggest U.S. stock market debut since 2014.

Read more

Snapchat files for one of the biggest tech IPOs in years: sources

(Reuters) - Snapchat has filed for an initial public offering, sources familiar with the situation said on Tuesday, which puts the messaging app a step closer to the biggest U.S. stock market debut since 2014.

Read more

Snapchat has filed confidentially for its IPO: sources

(Reuters) - Messaging app Snapchat has filed confidentially with the Securities and Exchange Commission (SEC) for an initial public offering (IPO), sources familiar with the situation said on Tuesday.

Read more

Exxon in negotiations with Chad over record $74 billion fine: Bloomberg

(Reuters) - Exxon Mobil Corp is negotiating with Chad over a record $74 billion fine the U.S. oil company was told to pay by a court in the central African nation over unpaid royalties, Bloomberg reported on Tuesday.

Read more

Exxon in negotiations with Chad over record $74 billion fine: Bloomberg

(Reuters) - Exxon Mobil Corp is negotiating with Chad over a record $74 billion fine the U.S. oil company was told to pay by a court in the central African nation over unpaid royalties, Bloomberg reported on Tuesday.

Read more

Exxon in negotiations with Chad over record $74 billion fine: Bloomberg

(Reuters) - Exxon Mobil Corp is negotiating with Chad over a record $74 billion fine the U.S. oil company was told to pay by a court in the central African nation over unpaid royalties, Bloomberg reported on Tuesday.

Read more

Exxon in negotiations with Chad over record $74 billion fine: Bloomberg

(Reuters) - Exxon Mobil Corp is negotiating with Chad about a record $74 billion fine the U.S. oil company was told to pay by a court in the central African nation over unpaid royalties, Bloomberg reported on Tuesday.

Read more

Fed won't be easily swayed from December rate hike: Rosengren

PORTLAND, Maine (Reuters) - Only "significant negative news" could derail the Federal Reserve's high expectations for raising U.S. interest rates next month, a Fed official who has recently advocated for policy tightening said on Tuesday.

Read more

U.S. October retail sales beat expectations, prior month revised up

WASHINGTON, Nov 15 (Reuters) - - U.S. retail sales rose more than expected in October as households bought motor vehicles and a range of other goods, pointing to sustained economic strength that could allow the Federal Reserve to raise interest rates next month.

Read more

United to restrict low-fare flyers to one carry-on bag

(Reuters) - United Continental Holdings Inc will become the first major U.S. airline to limit low-fare customers to one carry-on bag that fits under a seat, and it will defer dozens of aircraft deliveries from Boeing Co in an array of initiatives to boost profit, the company said on Tuesday.

Read more

Wall Street ends flat as financials' rise offsets tech drop

(Reuters) - U.S. stocks closed little changed on Monday after rising dramatically the week before and a decline in the technology sector offset a steep rise in financial stocks as investors bet on higher interest rates.

Read more

Oil prices rise on falling shale output, renewed hopes of OPEC cut

SINGAPORE (Reuters) - U.S. oil prices rose on Tuesday to move away from a nearly two-month low struck the day before, pushed higher by expectations of falling shale output and renewed optimism that OPEC will deliver on touted production cuts.

Read more

Apple stock extends losses after China warning about Trump

SAN FRANCISCO (Reuters) - Apple's stock extended recent losses on Monday after a warning that iPhone sales could suffer if President-elect Donald Trump follows through on campaign threats to impose new tariffs on China.

Read more

Reynolds American rejects BAT's $47 billion buyout offer: Bloomberg

(Reuters) - U.S. cigarette maker Reynolds American Inc is seeking a higher price from British American Tobacco Plc after rejecting a $47 billion buyout offer as too low, Bloomberg reported on Monday.

Read more

Exclusive: Audit of U.S. stress test ready, may aid Dodd Frank overhaul fight

WASHINGTON (Reuters) - A independent study of the financial costs and benefits of Wall Street 'stress tests' could be released as soon as Tuesday and may strengthen calls to reform U.S. banking rules, said sources familiar with the report.

Read more

Election over, Congress pivots to lame-duck debate over spending

WASHINGTON (Reuters) - With a bitter election campaign finally over, the Congress will reconvene this week to try to set aside its partisan differences long enough to keep the government from closing.

Read more

Dollar soars as U.S. yields spike; global shares divided

LONDON (Reuters) - The U.S. dollar hit an 11-month peak on Monday as the risk of faster domestic inflation and wider budget deficits if Donald Trump goes on a U.S. spending binge sent Treasury and other benchmark global bond yields ever higher.

Read more

Samsung Electronics agrees to buy Harman for $8 billion

SEOUL (Reuters) - Samsung Electronics said on Monday it had agreed to buy Harman International Industries for about $8 billion, a deal that enables the South Korean electronics giant to expand its presence in the automotive electronics market.

Read more

'Trump Thump' whacks bond market for $1 trillion loss

NEW YORK (Reuters) - Donald Trump's stunning victory for the White House may mark the long-awaited end to the more than 30-year-old bull run in bonds, as bets on faster U.S. growth and inflation lead investors to favor stocks over bonds.

Read more

Japanese firms face tighter audits after Toshiba scandal: Reuters poll

TOKYO (Reuters) - After a damaging accounting scandal at Toshiba Corp last year, half of Japanese firms have seen changes in the way they are audited and have taken or are considering steps to boost book-keeping compliance, a Reuters poll shows.

Read more

Toyota to settle U.S. truck rust lawsuit for up to $3.4 billion

(Reuters) - Toyota Motor Corp has agreed to a settlement of up to $3.4 billion for a federal class action brought by U.S. owners of pickup trucks and SUVs whose frames could rust through, plaintiffs lawyers have said in court papers.

Read more

Obama officials work against time to wrap banking rules

WASHINGTON (Reuters) - U.S. officials are striving to put finishing touches on a slew of banking rules before President Barack Obama leaves office and hands regulatory power to Donald Trump who has vowed to rewrite the existing financial rule book.

Read more

U.S. banks' post-election rally may be just an appetizer

NEW YORK (Reuters) - The U.S. banking sector's dramatic rally post Election Day is likely just a taste of bigger gains to come, as investors expect banks to reap huge benefits from rising interest rates and lighter regulation under a Donald Trump presidency.

Read more

In wake of Trump win, focus may drift back to Fed and inflation

BENGALURU (Reuters) - After Donald Trump's unexpected victory in the U.S. presidential election, investors may refocus in the coming week on the health of the world economy and any signs that years of rock-bottom interest rates and fiscal austerity are coming to an end.

Read more

Buffett breaks silence on Wells Fargo bogus account scandal

(Reuters) - Wells Fargo & Co made a "terrible mistake" by keeping in place sales goals that "corrupted people", billionaire investor Warren Buffett told CNN in an interview, in his first public comment on the bogus account scandal at the bank.

Read more

Limited repeal of Dodd-Frank seen under Trump: WSJ

WASHINGTON (Reuters) - The Trump administration is eyeing a more limited repeal of the 2010 Dodd Frank law, despite the Republican president-elect's campaign promise for a full repeal of the financial overhaul, the Wall Street Journal said on Friday, citing unnamed sources.

Read more

Case 'quite strong' for gradual rate rises, Fed monitoring markets: Fischer

SANTIAGO (Reuters) - U.S. economic growth prospects appear strong enough for the Federal Reserve to proceed with gradual interest rate rises but the central bank is monitoring an increase in long-term U.S. government borrowing costs, Fed Vice Chair Stanley Fischer said on Friday.

Read more

Buffett says U.S. stock market to rise regardless of election outcome

WASHINGTON (Reuters) - Billionaire investor Warren Buffett, who strongly criticized Republican President-elect Donald Trump during his campaign against Democrat Hillary Clinton, said the stock market is poised to rise long-term regardless of the U.S. election outcome.

Read more

EU questions U.S. over Yahoo email scanning, amid privacy concerns

BRUSSELS (Reuters) - The European Commission has asked the United States about a secret court order Yahoo used to scan thousands of customer emails for possible terrorism links, following concerns that may have violated a new data transfer pact.

Read more

OPEC points to even bigger 2017 oil surplus as its output jumps

LONDON (Reuters) - OPEC on Friday reported an increase in its oil production in October to another record high despite its plan to cut output, pointing to an even larger surplus on the market next year.

Read more

Trump victory prompts U.S. fund managers to focus on inflation

NEW YORK (Reuters) - Donald Trump's surprise victory in the U.S. presidential race is pushing mutual fund managers out of dividend stocks and into the shares of financial, industrial and materials companies that stand to benefit from rising inflation.

Read more

Dalian Wanda to invest $14.7 billion in tourism, mall projects in China's south

HONG KONG (Reuters) - Chinese conglomerate Dalian Wanda Group Co Ltd said on Friday it will increase its investment in the southern province of Hunan by 100 billion yuan ($14.69 billion) to build a mega cultural and tourism project and 15 shopping malls.

Read more

History of music

History of music

U.S. consumer financial agency could be defanged under Trump

WASHINGTON (Reuters) - The U.S. Consumer Financial Protection Bureau, already in legal limbo after an October court decision, could find its powers scaled back by President-elect Donald Trump and a Republican-led Congress, according to members of both political parties, lobbyists and lawyers.

Read more

Trump presidency could prove a salve for pharma merger deals

NEW YORK (Reuters) - Biotechnology companies, whose U.S. shares soared Wednesday after Republican Donald Trump's presidential election, may soon see another benefit: an uptick in biotech M&A.

Read more

Disney's revenue misses as ESPN ad sales fall

(Reuters) - Walt Disney Co reported lower-than-expected quarterly revenue, hit by lower advertising sales and subscriber losses at ESPN as well as an extra week last year.

Read more

Investors, economists brace for new dangerous game: parsing Trump's words

NEW YORK (Reuters) - Move over, Janet Yellen. The Federal Reserve chief has a challenger for the title of speaker most scrutinized by Wall Street, and it's Donald Trump.

Read more

Nasdaq loses ground as tech weighs; banks lift S&P, Dow

(Reuters) - The Nasdaq lost ground sharply on Thursday, dragged down by a slide in technology stocks, as investors poured money into sectors that may benefit from Donald Trump's victory in the U.S. election.

Read more

Trump team considering JPMorgan's Dimon for Treasury: CNBC

(Reuters) - President-elect Donald Trump's advisers are considering JPMorgan Chase & Co Chief Executive Jamie Dimon for the post of Treasury Secretary, CNBC reported on Thursday, citing two people familiar with the matter.

Read more

Fed still due for single rate hike, then hold: St. Louis Fed's Bullard

ST. LOUIS (Reuters) - The U.S. economy will remain in a low interest rate "regime" for perhaps two to three more years, St. Louis Federal Reserve President James Bullard said on Thursday, repeating his call that a single interest rate increase would be adequate for the foreseeable future.

Read more

Trump economic adviser stresses growth over Fed talk: CNBC

WASHINGTON (Reuters) - A senior economic adviser to President-elect Donald Trump stressed economic growth over discussion of Federal Reserve policies on Thursday, citing the need for small business job growth through better regulation, energy policy and tax cuts.

Read more

U.S. jobless claims drop more than expected

WASHINGTON, (Reuters) - - The number of Americans filing for unemployment benefits fell more than expected last week, underscoring the robustness of the labor market.

Read more

U.S. should have joined China-led infrastructure bank-Trump adviser

HONG KONG (Reuters) - A top adviser of U.S. President-elect Donald Trump lashed out at the Obama administration for failing to embrace the China-led Asian Infrastructure Investment Bank (AIIB), suggesting a possible policy shift when Trump takes office in January.

Read more

IEA sees global market awash with oil in 2017 if no OPEC cut

LONDON (Reuters) - The oil market risks running another surplus in 2017 without an output cut from OPEC, as producers around the globe ramp up supply and demand growth falters, the International Energy Agency said on Thursday.

Read more

Vexation gives way to pragmatism as Wall Street girds for Trump

NEW YORK (Reuters) - Wall Street power brokers may have rolled their eyes in private when ex-Goldman Sachs Group Inc banker Steven Mnuchin agreed to be Donald Trump's national finance chairman, but now they are lining up to meet him.

Read more

S&P affirms U.S. investment-grade ratings after presidential election

(Reuters) - Ratings agency Standard & Poor's affirmed the United States' investment-grade 'AA+/A-1+' rating on Wednesday, a day after the presidential election, while maintaining its stable outlook.

Read more

GM to lay off 2,000 workers at two U.S. plants due to slowing sales

(Reuters) - General Motors Co plans to lay off 2,000 employees at two U.S. auto plants in early 2017, the automaker said on Wednesday.

Read more

Fed to proceed with December U.S. rate rise despite Trump upset: Reuters poll

(Reuters) - A stunning upset by Republican Donald Trump in the U.S. presidential election may have set off a few tremors in markets but the Federal Reserve is on course to raise interest rates next month, a Reuters poll of economists showed.

Read more

Trump victory could spell defeat for EU-U.S. trade deal

BRUSSELS (Reuters) - A protectionist U.S. president and increased European suspicion of a Trump-led America undermine the prospects of a planned transatlantic free trade agreement between the European Union and the United States.

Read more

Time Warner shares fall on concern Trump will block AT&T deal

(Reuters) - Shares of media group Time Warner Inc fell more than 2 percent on Wednesday on concerns that U.S. President-elect Donald Trump will make good on his vow to block a proposed $85 billion acquisition by AT&T Inc .

Read more

Trump advisors vow economic growth under Trump administration

WASHINGTON (Reuters) - Donald Trump's economic advisor Peter Navarro on Wednesday sought to reassure the markets, saying the Republican president-elect would help boost economic growth once in the White House, aided by a Republican-controlled Congress.

Read more

Viacom posts lower-than-expected revenue as ad sales fall

(Reuters) - Viacom Inc , the owner of MTV, Comedy Central and Nickelodeon, posted quarterly revenue below estimates on Wednesday, weighed down by lower domestic advertising revenue and the absence of hit movie releases at its Paramount film studio.

Read more

Trump win leaves dollar, global stocks, Mexican peso reeling

LONDON/SYDNEY (Reuters) - The U.S. dollar, Mexican peso and world stocks began to steady in the European morning on Wednesday, having been hammered overnight as Donald Trump swept to victory in the U.S. presidential election.

Read more

Trump win casts doubt on Fed's plans to hike interest rates

WASHINGTON (Reuters) - Donald Trump's victory in the U.S. presidential race throws into question the core assumption in global financial markets that the Federal Reserve will raise interest rates soon and follow with further gradual hikes over coming years.

Read more

Investors see no let up in market bloodbath if Trump wins presidency

SINGAPORE (Reuters) - Investors should brace for a further slump in global stock markets, the U.S. dollar and most commodities if Republican candidate Donald Trump becomes the next U.S. president, as appeared increasingly likely on Wednesday.

Read more

Mexico peso plunges to life low as Trump homes in on U.S. presidency

MEXICO CITY (Reuters) - Mexico's peso plunged to its lowest-ever levels on Tuesday night as U.S. Republican Donald Trump led in the key battleground state of Florida and had an edge in a clutch of other states, increasing his chances of winning the U.S. presidency.

Read more

Wall Street execs muted as election results begin to come in

NEW YORK (Reuters) - From plush penthouse apartments on the Upper East Side to suburban mansions, New York’s financial community gathered to watch election results on Tuesday with a mix of anxiety and relief.

Read more

Ireland to formally submit appeal on Apple case this week

DUBLIN (Reuters) - Ireland's government will this week formally submit its appeal against the European Commission's multi-billion-euro demand for back taxes from Apple, Finance Minister Michael Noonan said on Tuesday.

Read more

Fed's Evans says not yet confident U.S. inflation headed higher

NEW YORK (Reuters) - While the Federal Reserve's preferred inflation target is close to a 2-percent goal, an outspoken Fed dove said on Tuesday he would "feel better" about raising U.S. interest rates if he were more confident it would continue to rise.

Read more

Tesla to buy Germany-based Grohmann Engineering

(Reuters) - Electric car maker Tesla Motors Inc said on Tuesday it would buy Germany-based Grohmann Engineering to improve its automated manufacturing systems.

Read more

After cyber attacks, Internet of Things wrestles with making smart devices safer

SINGAPORE/TAIPEI (Reuters) - Recent cyber attacks harnessing everyday devices such as cameras, video recorders, printers, routers and speakers are a wake-up call to the hidden dangers of the Internet of Things.

Read more

Exclusive: AB InBev gets at least six bids for Pilsner Urquell, other brands

LONDON (Reuters) - At least six indicative offers have been submitted by industry players and buyout funds for a group of beer brands being sold by Anheuser-Busch InBev , sources familiar with the matter said on Tuesday.

Read more

Blackstone to buy German property group OfficeFirst Immobilien

FRANKFURT (Reuters) - Blackstone is to buy OfficeFirst Immobilien from IVG Immobilien AG, ending months of talks over a potential sale or stock market listing of the German property company.

Read more

Oil prices steady ahead of U.S. election, weak China data weighs

SINGAPORE (Reuters) - Oil prices were stable on Tuesday as financial investors and traders were cautiously positioning themselves for a win by Hillary Clinton in the U.S. presidential elections.

Read more

Exclusive: FedEx grounds one plane over GE engine part concern

(Reuters) - FedEx Corp is grounding one of its planes temporarily that has an engine General Electric Co flagged after a passenger jet erupted in flames last month, a spokesman for the cargo airline told Reuters on Monday.

Read more

South Korea prosecutors raid Samsung Electronics in probe over scandal

SEOUL (Reuters) - South Korean prosecutors raided the offices of Samsung Electronics on Tuesday as part of a probe over a political scandal involving President Park Geun-hye and her friend who is alleged to have exerted improper influence in state affairs.

Read more

Banks gird for Brexit-style tumult following U.S election

(Reuters) - U.S. banks, including Morgan Stanley, JPMorgan Chase & Co and Goldman Sachs Group Inc, are bracing for potential tumult on financial markets in the wake of Tuesday's U.S. election.

Read more

Russia signs decree to sell 19.5 percent Rosneft stake

MOSCOW (Reuters) - Russia published a government decree on Monday ordering the sale of a 19.5 percent stake in state-controlled oil giant Rosneft in time for the proceeds to be received by the end of the year.

Read more

Russia's economy minister values Rosneft stake for sale at $11.75 billion

MOSCOW (Reuters) - Russia will sell a state stake in oil giant Rosneft using the firm's share price as of Oct. 11, when it stood at 748.3 billion rubles ($11.75 billion), Economy Minister Alexei Ulyukayev said on Monday.

Read more

German prosecutors confirm investigation of VW chairman

HAMBURG (Reuters) - German prosecutors said on Monday they are probing Volkswagen supervisory board Chairman Hans Dieter Poetsch over suspected market manipulation related to the emissions scandal at the carmaker, confirming a VW statement.

Read more

Exclusive: Iran's Airbus jet purchase gets boost from lease finance deal - sources

SINGAPORE/ANKARA (Reuters) - Iran has reached a deal with a foreign leasing company to finance the first 17 jets it plans to buy from Airbus , breaking a logjam in efforts to import aircraft following the lifting of sanctions, people familiar with the move said.

Read more

Germany has no info from U.S. on reports of cheat device in Audi cars: spokesman

BERLIN (Reuters) - U.S. authorities have not shared any information with Germany regarding software that a newspaper report said was found in some Audi vehicles that lowered their carbon dioxide emissions during tests, a Transport Ministry spokesman said on Monday.

Read more

Cargo owners in flight to safety after Hanjin collapse, shipping lines say

SHANGHAI/TAIPEI (Reuters) - Cargo owners are becoming more concerned about risks and are shifting their business to shipping lines deemed more financially stable after the collapse of South Korea's Hanjin Shipping Co Ltd , top shipping executives said.

Read more

An Asian investor's haven for U.S. elections: yen and a basket of arms

SINGAPORE (Reuters) - No matter who wins the race for the White House, markets are betting on one truly safe investment, and that is the currency of a country with bleak economic prospects - Japan.

Read more

U.S. stock futures surge after Clinton cleared by FBI

NEW YORK (Reuters) - U.S. equity index futures rallied at the open on Sunday as bullish sentiment returned to Wall Street following the largest streak of losses on the S&P 500 since 1980.

Read more

After $195 million in talc verdicts, J&J strives to change court

(Reuters) - After a $67.5 million jury verdict against Johnson & Johnson on Oct. 27 marked its third straight trial defeat in an onslaught of lawsuits claiming its talc-based products cause ovarian cancer, the company is hoping to reverse the trend by having the cases heard in a different court.

Read more

Dollar jumps against yen, euro as FBI clears Clinton

SYDNEY (Reuters) - The U.S. dollar jumped in Asia on Monday after the FBI said a review of newly discovered emails did not change the agency's conclusion that no charges were warranted in the case of Hillary Clinton's use of a private email server.

Read more

Volkswagen emissions scandal deepens as prosecutors probe chairman

FRANKFURT (Reuters) - German prosecutors have widened an inquiry into suspected market manipulation by managers at Volkswagen to include the carmaker's supervisory board Chairman Hans Dieter Poetsch, VW said on Sunday.

Read more

Algeria says confident OPEC members will stick to Algiers output deal

ALGIERS (Reuters) - Algeria's Energy Minister Nouredine Bouterfa said on Sunday he was confident OPEC members would stick to a deal made in Algiers in September to cut output, saying the group's technical committee was working on applying the deal.

Read more

U.S. mutual fund managers brace for closer presidential election

NEW YORK (Reuters) - The U.S. presidential election is looking like less of a certainty for Democratic nominee Hillary Clinton than it did a month ago, prompting mutual fund managers to brace for more volatility by raising cash and getting their buying lists ready for opportunities.

Read more

U.S. regulator found another cheat device in Audi car: report

FRANKFURT (Reuters) - A U.S. regulator found software in some Audi vehicles that lowered their carbon dioxide emissions if it detected they were being used under test conditions, Bild am Sonntag reported.

Read more

China launches $11 billion fund for Central, Eastern Europe

BEIJING (Reuters) - China has set up a 10 billion euro ($11.15 billion) investment fund to finance projects in Central and Eastern Europe, Industrial and Commercial Bank of China said in a statement issued on Sunday.

Read more