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ECB defends stimulus scheme from German court challenge

LUXEMBOURG (Reuters) – The European Central Bank defended its 2.6 trillion-euro bond-buying program before the European Union’s top court on Tuesday from accusations it was bankrolling governments and endangering taxpayer money. The case, brought by a group of... More »

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Oil rises to $79 a barrel on Norway strike, Libyan disruption

TOKYO/LONDON (Reuters) – Oil prices rose by over 1 percent toward $79 per barrel on Tuesday due to growing supply outages, with Norway shutting one oilfield as hundreds of workers began a strike and Libya saying its production more than halved in recent months... More »

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U.S. earnings hopes and trade war lull keep world shares near…

LONDON (Reuters) – World shares hovered near three-week highs on Tuesday, supported by optimism about U.S. company earnings and hopes that global economic growth can withstand trade tensions, although political bickering kept British markets on the backfoot. W... More »

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Don’t take risks with economy, Italy’s central bank tells new…

ROME (Reuters) – The head of Italy’s central bank on Tuesday warned the new anti-establishment government to be cautious with public finances to avoid upsetting financial markets and increasing public debt. Bank of Italy Governor Ignazio Visco told a gathering... More »

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Stock futures higher as focus shifts to earnings

(Reuters) – U.S. stock index futures rose on Tuesday, as focus turned to the U.S. corporate earnings season that kicks off this week, while worries of a trade dispute took a back seat in the wake of encouraging economic data. Wall Street has gained for three s... More »

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Italy calls for risk-sharing in euro zone banking union

ROME (Reuters) – Italian Economy Minister Giovanni Tria called on Tuesday for greater risk sharing in order to strengthen the euro zone banking system. In a speech to a gathering of bankers in Rome, Tria said boosting Italy’s economic growth was “no less impor... More »

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Trade tensions send German investor morale to six-year low

BERLIN (Reuters) – The mood among German investors slumped in July to its lowest since August 2012, a survey showed on Tuesday, soured by concerns about escalating trade tensions with the United States. The ZEW research institute said its monthly survey showed... More »

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Japan’s Takeda gains U.S. approval for $62 billion Shire buy

TOKYO (Reuters) – Takeda Pharmaceutical Co Ltd on Tuesday said it has received U.S. approval for its $62 billion acquisition of London-listed Shire Plc, taking the Japanese firm one step closer to its goal of becoming a global top 10 drugmaker. Takeda in a pre... More »

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Fuji Xerox chief sees no breakup of Fujifilm-Xerox JV

TOKYO (Reuters) – The head of Fuji Xerox Co Ltd, the joint venture between Fujifilm Holdings Corp (4901.T) and Xerox Corp (XRX.N), on Tuesday said an escalating dispute between the partners will not lead to the venture’s dissolution. “I’m confident a breakup w... More »

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Old fashion: Vintage boom buoys RealReal and jolts luxury labels

PARIS/NEW YORK (Reuters) – Second-hand fashion, once confined to thrift stores, is outstripping sales growth in the primary luxury goods sector, helping market leader The RealReal expand its business and prompting international labels to look at tie-ups. Sales... More »

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Former Goldman Sachs banker in 1MDB plea talks with U.S.: WSJ

SINGAPORE (Reuters) – A former Goldman Sachs Group Inc. (GS.N) banker is in talks with U.S. prosecutors to potentially plead guilty to criminal charges stemming from an alleged scheme to steal billions of dollars from a Malaysian state investment fund, the Wal... More »

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Do not blame OPEC, oil producer group says of Trump criticism

CALGARY, Alberta (Reuters) – The president of OPEC defended the oil producer group on Monday against U.S. President Donald Trump’s recent demands for higher oil output, saying OPEC does not shoulder the blame. “OPEC alone cannot be blamed for all the problems ... More »

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Uber, Alphabet invest in bike sharing service Lime

(Reuters) – Bike sharing service Lime said on Monday it raised $335 million from a group of investors including ride-sharing firm Uber Technologies Inc and Alphabet Inc (GOOGL.O). Uber will work with Lime as a strategic partner in the electric scooter space wi... More »

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Third of sovereign funds plan to cut equity holdings, cite trade…

LONDON (Reuters) – Over a third of sovereign investors plan to cut their equity exposure over the next three years after a strong run in 2017, citing trade wars, geopolitics and high valuations as headwinds to performance, a study by asset manager Invesco show... More »

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U.S. job growth strong- unemployment rate rises to 4 percent

WASHINGTON (Reuters) – U.S. job growth increased more than expected in June as manufacturers stepped up hiring, but steady wage gains pointed to moderate inflation pressures that should keep the Federal Reserve on a path of gradual interest rate increases. Non... More »

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Instant View: U.S. June payrolls gain more than expected

(Reuters) – U.S. job growth increased more than expected in June as manufacturers stepped up hiring, but steady wage gains pointed to moderate inflation pressures that should keep the Federal Reserve on a path of gradual interest rate increases. Nonfarm payrol... More »

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Strong U.S. jobs data lifts futures from trade-related dip

(Reuters) – A stronger-than-expected U.S. job growth in June helped stock index futures on Friday pull back from slight declines that were triggered by United States and China slapping tit-for-tat duties on $34 billion worth of each other’s imports. Nonfarm pa... More »

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Dollar slides after U.S. nonfarm payrolls report

NEW YORK (Reuters) – The dollar fell on Friday after data showed the U.S. economy created more jobs than expected in June, but a closely-watched inflation gauge — wage growth — rose less than forecast, while the unemployment rate increased. Nonfarm payrolls ad... More »

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Instant View: U.S. triggers China tariffs, fuels fears of…

SINGAPORE/NEW YORK (Reuters) – The United States and China slapped tit-for-tat duties on $34 billion worth of each other’s imports on Friday, with Beijing accusing Washington of triggering the “largest-scale trade war” as the world’s two biggest economies shar... More »

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U.S. trade deficit drops to one-and-a-half year low in May

WASHINGTON, (Reuters) – The U.S. trade deficit fell to a 1-1/2-year low in May as exports rose to a record high, boosted by an increase in shipments of soybeans and commercial aircraft. The Commerce Department said on Friday the trade gap narrowed 6.6 percent ... More »

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Russia raises duties on U.S. goods in response to trade restrictions

MOSCOW (Reuters) – Russian Prime Minister Dmitry Medvedev has signed a decision imposing extra duties of 25-40 percent on some imports from the United States in response to Washington’s tariff move, the Russian economy ministry said on Friday. The extra duties... More »

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Airbus CEO steps up warning on danger of hard Brexit

LONDON (Reuters) – The head of Airbus (AIR.PA) warned the British government on Friday that in a worst-case scenario Brexit could result in production at its factories stopping and aircraft being grounded. Companies have become increasingly vocal about the ris... More »

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Canadian dollar seen higher but trade uncertainty to crimp gains:…

TORONTO (Reuters) – Canada’s dollar will climb over the coming year, a Reuters poll showed, but forecasters are less bullish than they were a month ago as escalating trade uncertainty competes with expected Bank of Canada interest rate hikes. The poll of more ... More »

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Oil slips below $77, weighed down by Saudi output boost, trade…

LONDON (Reuters) – Oil slipped below $77 a barrel on Friday, under pressure from higher Saudi production and trade tensions between the United States and China, despite support from oil supply disruptions. Top exporter Saudi Arabia told OPEC it raised oil outp... More »

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Airbus upbeat on prospect for A400M export contract this year

BERLIN (Reuters) – Airbus (AIR.PA) said on Friday it was optimistic it could sign a first export contract for its troubled multi-nation A400M military transport plane this year, and expressed growing confidence about prospects for European defense cooperation.... More »

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Ford slides deeper into China rut after worst ever first-half…

BEIJING (Reuters) – Ford Motor’s (F.N) China slump intensified, with vehicle sales tumbling 38 percent in June and the automaker recording its worst ever first-half, as buyers shunned its aging models that are awaiting overhauls and flocked to rivals. The U.S.... More »

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Curbs on Chinese investment could hit Detroit and Silicon Valley

DETROIT (Reuters) – U.S. President Donald Trump’s threat to block Chinese investment in U.S. companies could be trouble for a number of American automotive and technology companies using Chinese funds to develop electric and self-driving cars and related servi... More »

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Exclusive: Credit Suisse creates new anti-sexual harassment role

ZURICH (Reuters) – Credit Suisse has carved out a new role to lead its handling of sexual harassment claims and examine group-wide policies, as Switzerland’s second-biggest bank seeks to boost equal opportunities and create a fair treatment environment. The ap... More »

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Hitting cancer early: AstraZeneca’s bid to outmaneuver rivals

LONDON (Reuters) – AstraZeneca (AZN.L) suffered its biggest daily share price drop a year ago after a key cancer drug trial failed amid feverish speculation the chief executive might quit. Yet today two-thirds of analysts tracked by Thomson Reuters recommend t... More »

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California agency opens third probe into Tesla’s Fremont factory

(Reuters) – A California agency for occupational safety said on Thursday it opened a third investigation at Tesla Inc’s factory in Fremont, California, following a complaint. The state’s Occupational Safety and Health Administration (Cal-OSHA) said it opened t... More »

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Samsung Electronics profit growth slows on smartphone weakness

SEOUL (Reuters) – South Korean tech giant Samsung Electronics Co Ltd (005930.KS) estimated on Friday earnings grew at the slowest pace in more than a year in the second quarter, as analysts said weak smartphone sales likely offset record high chip earnings. Sa... More »

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Most cash since 2008 flows out of U.S. equity funds in June: Lipper

NEW YORK (Reuters) – Investors played it safe in June, plucking the most cash out of U.S.-based equity funds since the peak of the 2008 global financial crisis as U.S. trade disputes discouraged risk, Lipper data showed on Thursday. U.S.-based stock mutual fun... More »

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‘Sacred Games’ marks Netflix debut into Indian original series

LOS ANGELES (Reuters) – Netflix’s first Indian original series makes its debut on Friday, the first of a slate of new shows aimed at the vast Bollywood entertainment market. “Sacred Games,” based on the 2006 novel by Vikram Chandra, is a thriller set in Mumbai... More »

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Netflix turns to Bollywood to script India growth story

(Reuters) – Netflix Inc (NFLX.O) premiered its first original series in India in a sheen of Bollywood glitter on Wednesday, upping the stakes in its battle with streaming rival Amazon Prime (AMZN.O) for a chunk of the country’s more than 1 billion potential vi... More »

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Content-hungry bidders circle ‘Big Brother’ maker Endemol

FRANKFURT/LONDON (Reuters) – Several bidders, including Liberty Global, are preparing offers for TV production company Endemol Shine, maker of classic reality show ‘Big Brother’ and the dystopian ‘Black Mirror’ dramas, before an initial deadline next week. ITV... More »

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U.S. fund managers zero in on software as tariffs upend tech sector

NEW YORK (Reuters) – Worries that a broadening trade war between the United States and China will upend the global supply chain are prompting some U.S. fund managers to buy shares of companies they believe will shield them from such disruptions. Managers from ... More »

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Loeb’s Third Point takes new approach in battle with Nestle

BOSTON (Reuters) – For a year, billionaire hedge fund manager Daniel Loeb has watched quietly from afar as Nestle SA tries to energize its business. But his patience has worn thin and he has been telling associates and his own investors that time is now up for... More »

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Stocks try a tentative bounce, bonds fret on U.S. inflation

A visitor is seen as market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February 6, 2018. REUTERS/Toru Hanai SYDNEY (Reuters) – Asian share markets found a semblance of calm on Monday as S&P futures extended their ... More »

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Bank lending in spotlight as Australian inquiry begins

FILE PHOTO: The logo for the Commonwealth Bank of Australia adorns their head office in central Sydney, Australia October 12, 2017. REUTERS/David Gray/File Photo SYDNEY (Reuters) – A government-backed inquiry into Australia’s finance sector on Monday said it w... More »

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Ford revs up large SUV production to boost margins, challenge GM

A Ford worker inspects paint work on the body of a Ford Expedition SUV at FordÕs Kentucky Truck Plant as the No. 2 U.S. automaker ramps up production of two large SUV models in Louisville, Kentucky, U.S., February 9, 2018. REUTERS/Nick Carey LOUISVILLE (Reuter... More »

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Alibaba signs deal to offer Disney shows on video platforms

A view of the Alibaba Group booth during the 2018 CES in Las Vegas, Nevada, U.S. January 9, 2018. REUTERS/Steve Marcus SINGAPORE (Reuters) – Alibaba Group Holding Ltd’s entertainment arm has signed a licensing agreement with Walt Disney Co in a deal that will ... More »

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Oil prices rise 1 percent as stocks markets steady

FILE PHOTO: An offshore oil platform is seen in Huntington Beach, California, U.S., September 28, 2014. REUTERS/Lucy Nicholson/File Photo SINGAPORE (Reuters) – Oil prices rose by 1 percent on Monday, recovering at least some of last week’s steep losses as Asia... More »

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Comcast mulling new bid for Fox assets: sources

FILE PHOTO: The Twenty-First Century Fox Studios flag flies over the company building in Los Angeles, California U.S. on November 6, 2017. REUTERS/Lucy Nicholson/File Photo (Reuters) – Comcast Corp is considering a new offer for Rupert Murdoch’s Twenty-First C... More »

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Takata, injured drivers reach deal to end U.S. bankruptcy

The logo of Takata Corp is seen on its display at a showroom for vehicles in Tokyo, Japan, February 9, 2017. Picture taken February 9, 2017. REUTERS/Toru Hanai WILMINGTON, Del. (Reuters) – Takata Corp’s U.S. unit reached a settlement with its creditors, lawyer... More »

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Citigroup to invest in London, hire staff despite Brexit: FT

The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. REUTERS/Chris Helgren (Reuters) – Wall Street bank Citigroup Inc (C.N) will set up an innovation c... More »

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Bond vigilantes awaken counterparts in the stock market

A specialist trader works at his post on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., February 9, 2018. REUTERS/Brendan McDermid NEW YORK (Reuters) – Bond vigilantes could be finding allies in the stock market. With inflation fears back ... More »

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Trump signs deal to end brief agency shutdown, boost U.S. spending

U.S. President Donald Trump delivers remarks at the National Prayer Breakfast in Washington, U.S. February 8, 2018. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – A brief U.S. government shutdown ended on Friday after Congress passed and President Donald Trump ... More »

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Qualcomm warns of customer losses, legal hazards to Broadcom buyout

FILE PHOTO: A sign on the Qualcomm campus is seen, as chip maker Broadcom Ltd announced an unsolicited bid to buy peer Qualcomm Inc for $103 billion, in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake/File Photo (Reuters) – Qualcomm Inc warned... More »

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U.S. stock market chill threatens to ‘put IPOs on ice’

A trader works on the floor of the New York Stock Exchange in New York, U.S., February 9, 2018. REUTERS/Brendan Mcdermid NEW YORK (Reuters) – Wide swings in the U.S. stock market has blunted initial public offering (IPO) activity on Wall Street in what was set... More »

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U.S. fund that lost most of its value shuts doors to new investment

NEW YORK (Reuters) – A U.S. mutual fund that relied heavily on a strategy that profits from calm markets has shut its doors to new investment after losing more than four-fifths of its value in recent market turmoil, filings showed on Thursday. The once-$800 mi... More »

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Mom-and-pop investors undeterred by wild U.S. stock market

Traders work on the floor of the New York Stock Exchange ahead of the opening bell in New York, U.S., February 7, 2018. REUTERS/Brendan Mcdermid NEW YORK (Reuters) – As the U.S. stock market suffered its worst selloff in more than six years on Monday, Richmond... More »

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Nissan to launch new all-electric Leaf in Asia-Pacific markets

A car with the Nissan logo badge is seen on display at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018. REUTERS/Jonathan Ernst SINGAPORE (Reuters) – Nissan Motor Co (7201.T) said on Tuesday it will launch the new version... More »

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Energy stocks have room to build on solid start

A trader works on the floor of the New York Stock Exchange shortly after the closing bell in New York, U.S., February 2, 2018. REUTERS/Lucas Jackson NEW YORK (Reuters) – Energy stocks have got off to a strong start this year and look poised to run further, fue... More »

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Inflation threat deepens European equity sell-off

The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, February 2, 2018. REUTERS/Staff/Remote LONDON (Reuters) – European stocks suffered a sharp sell-off at the open on Monday, tracking big drops in Asia as growing infla... More »

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Petrofac bosses to be interviewed by Britain’s fraud office

(Reuters) – British oilfield services provider Petrofac said its top management, including its chairman and executive directors, would be interviewed by Britain’s Serious Fraud Office (SFO) regarding an ongoing investigation into suspected bribery and corrupti... More »

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Stocks punished as inflation shadow spooks bonds

A man walks past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan February 5, 2018. REUTERS/Toru Hanai SYDNEY (Reuters) – Asian shares fell the most in over a year on Monday as fears of resurgent inflation battered bonds, ... More »

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Boeing may express interest in Canada fighter jet bid: executive

FILE PHOTO: The Boeing logo is seen on a Boeing 787 Dreamliner airplane in Long Beach, California March 14, 2012. REUTERS/Lucy Nicholson/File Photo SINGAPORE (Reuters) – Boeing may express interest in a jet fighter competition in Canada despite a recent trade ... More »

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Samsung heir Lee says spent year in jail on self-reflection

Samsung Group heir Jay Y. Lee said on Monday he spent his year in jail on "precious" self-reflection and promised to show a better side in future, after a high court suspended his jail sentence in a corruption scandal and set him free. More »

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Oil prices fall amid market sell off, Brent near one-month low

FILE PHOTO: An oil pump is seen operating in the Permian Basin near Midland, Texas, U.S. on May 3, 2017. Picture taken May 3, 2017. REUTERS/Ernest Scheyder/File Photo TOKYO (Reuters) – Oil prices on Monday extended declines from the end of last week amid a wid... More »

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Australia green bond market muzzled by policy uncertainty

SYDNEY (Reuters) – When National Australia Bank launched the country’s first ever “green” mortgage bond last week, it kept its expectations for demand in check with price guidance at a similar level to a non-green bond it was also selling. Global interest in s... More »

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A decade after recession, a jump in U.S. states with wage gains

Newly hired employees take a break from training to pose for a group photo at the chain’s soon-to-open 54th outlet in Oakland, California ,U.S., January 24, 2018. REUTERS/Ann Saphir OAKLAND, Calif./CANTON, N.Y./WASHINGTON (Reuters) – The kind of pay raises for... More »

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Fed puts brakes on Wells Fargo when bank needs to step on gas

FILE PHOTO: A Wells Fargo bank sign is pictured in downtown Los Angeles, California, U.S. August 10, 2017. REUTERS/Mike Blake/File Photo BOSTON (Reuters) – The Federal Reserve’s surprise ban on Wells Fargo & Co growing its balance sheet comes at a difficult ju... More »

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UPS order for Boeing freighters highlights trade growth

A United Parcel Service (UPS) truck on delivery is pictured in downtown Los Angeles, California, U.S., October 29, 2014. REUTERS/Mike Blake/Files SINGAPORE (Reuters) – A recovery in international trade is reviving demand for aircraft once proudly linked to lon... More »

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U.S. asset managers shake up equity research as banks cut back

FILE PHOTO: The BlackRock logo is seen at the BlackRock Japan headquarters in Tokyo, Japan, October 20, 2016. REUTERS/Toru Hanai/File Photo NEW YORK (Reuters) – As new rules spur Wall Street banks to further shrink their research budgets, U.S. asset management... More »

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In Australia, Amazon is still finding its way

A package is tracked on an Amazon tracking screen in this illustration photo January 17, 2018. REUTERS/Thomas White/Illustration SYDNEY (Reuters) – When Kiri Pomery ordered a red Santa Claus hat from Amazon.com Inc’s new Australian operation, the estimated del... More »

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Fed orders Wells Fargo to halt growth over compliance issues

FILE PHOTO: A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, U.S. February 10, 2015. REUTERS/Jim Young/File Photo WASHINGTON/NEW YORK (Reuters) – Wells Fargo & Co detailed new regulatory restrictions imposed by the U.S. Federal Reserve... More »

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Interest rate angst trips up U.S. equity bull market

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., February 2, 2018. REUTERS/Lucas Jackson NEW YORK (Reuters) – For nearly nine years, the global hunt for yield sent you to one place: the U.S. stock marke... More »

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Amazon stock market value on verge of eclipsing Microsoft

FILE PHOTO: The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France on February 20, 2017. REUTERS/Pascal Rossignol/File Photo (Reuters) – Amazon.com Inc’s shares surged on Friday, pushing its stock market value above $700 ... More »

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Allergan completes restructuring, pushes hard in China

FILE PHOTO: The Allergan logo is seen in this photo illustration in Singapore November 23, 2015. REUTERS/Thomas White/File Photo PARIS (Reuters) – Botox-maker Allergan (AGN.N) has embarked on a big push in China where it plans to hire 200 additional staff this... More »

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U.S. investor group concerned SEC decisions roll back proxy rights

FILE PHOTO: The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, DC, U.S., June 24, 2011. REUTERS/Jonathan Ernst/File Photo BOSTON (Reuters) – A group representing large investors voiced concern that the ... More »

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LVMH chief Arnault’s adviser Pierre Gode dies aged 73

FILE PHOTO: Bernard Arnault (L), chairman and chief executive officer of LVMH Moet Hennessy-Louis Vuitton, speaks with Pierre Gode, LVMH Moet Hennessy-Louis Vuitton’s director, during the company’s annual shareholders meeting in Paris May 15, 2008. REUTERS/Cha... More »

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Ford’s China joint venture to recall more than 500,000 vehicles

FILE PHOTO: The Ford Motor Company logo is pictured at the Los Angeles Auto Show in Los Angeles, California, U.S., November 30, 2017. REUTERS/Mike Blake/File Photo BEIJING/SHANGHAI (Reuters) – Ford Motor’s (F.N) China joint venture will recall more than half a... More »

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Bitcoin slides further, headed for worst week since 2013

FILE PHOTO: A collection of Bitcoin (virtual currency) tokens are displayed in this picture illustration taken December 8, 2017. REUTERS/Benoit Tessier/Illustration/File Photo LONDON (Reuters) – Bitcoin fell 9 percent on Friday, leaving the best-known cryptocu... More »

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Exclusive: How Tesla’s first truck charging stations will be built

FILE PHOTO: Tesla’s new electric semi truck is unveiled during a presentation in Hawthorne, California, U.S., November 16, 2017. REUTERS/Alexandria Sage/File Photo SEATTLE (Reuters) – Elon Musk, the chief executive of Tesla Inc, has said little about how he pl... More »