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Oil stable on tighter market, but rising US output looms for 2018

SINGAPORE (Reuters) - Oil markets were stable on Friday as the Forties pipeline outage in the North Sea and the ongoing OPEC-led production cuts supported prices, while rising output from the United States kept crude from rising further.

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Asian shares edge up, on track for weekly gain

TOKYO (Reuters) - Asian shares edged higher on Friday, on track for weekly gains, though sentiment was kept in check by Wall Street's weakness on concerns about the progress of U.S. tax reform.

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More efficient SUVs a factor in product strategy: Ford CEO

DETROIT (Reuters) - Ford Chief Executive Jim Hackett said on Thursday the automaker is reviewing its product portfolio as consumers show a preference for sport utility vehicles that have fuel efficiencies closer to sedans.

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Airbus planemaking chief Bregier to leave in February: sources

PARIS (Reuters) - Airbus planemaking chief Fabrice Bregier plans to leave the aerospace group after the board intervened to resolve tensions over the future succession to Chief Executive Tom Enders, sources familiar with the matter said on Thursday.

United States Politics and Government nytimes.com

On Washington: With New Focus on Sexual Misconduct, Democrats Take Aim at Trump

After purging some from their ranks, Democrats are intensifying a push to investigate the president over accusations of harassment and abuse.

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Brazil's Petrobras receives $3 billion in China Development Bank loan

SAO PAULO, Dec 14 (Reuters) - Brazil's state-controlled oil company Petroleo Brasileiro SA on Thursday received $3 billion under a $5 billion loan from China Development Bank, the company said in a securities filing.

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Uber investor departs venture firm amid harassment claims

SAN FRANCISCO (Reuters) - Silicon Valley investor Shervin Pishevar, known for his early bet on Uber Technologies Inc, said on Thursday that he would sever ties with his venture capital company, Sherpa Capital, after being accused of sexual misconduct.

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Ford to move autonomous vehicle business to Detroit

(Reuters) - Ford Motor Co said on Thursday it would relocate its autonomous and electric vehicle units to Detroit from Dearborn, Michigan.

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Murdoch bets live sports and news will boost new, smaller Fox

NEW YORK (Reuters) - Rupert Murdoch is banking on Americans' love of live sports and breaking news for a new, slimmed down version of his Fox TV business after selling the company's film studios and international operations to Walt Disney Co .

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While focus is on North Korea, China continues South China Sea buildup: think tank

WASHINGTON (Reuters) - While attention in Asia has been distracted by the North Korean nuclear crisis in the past year, China has continued to install high-frequency radar and other facilities that can be used for military purposes on its man-made islands in the South China Sea, a U.S. think tank said on Thursday.

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Wall St falls as investors fret about tax bill passage

NEW YORK (Reuters) - Major U.S. stock indexes fell on Thursday, with the S&P 500 down the most in a month, as investor worries over potential roadblocks to the Republicans' tax overhaul more than offset optimism over strong retail sales data.

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BRIEF-Elliott seeks to remove John Hess as CEO Of Hess Corp - CNBC, citing Dow Jones ‍​

* ELLIOTT SEEKS TO REMOVE JOHN HESS AS CEO OF HESS CORP. OR GET HIM TO CONSIDER SALE; ALSO SEEKS DIVIDEND CUT, MORE BUYBACKS - CNBC, CITING DOW JONES ‍​

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Exclusive: Chevron nears Schlumberger deal to drill wells in Brazil: sources

RIO DE JANEIRO (Reuters) - Chevron Corp has reached preliminary agreement with oil services firm Schlumberger NV to drill six wells in a Brazilian offshore field, two sources said this week, in a bid to lift its output in the South American country after a 2011 oil spill there cut production.

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Wiese resigns as Steinhoff chairman in wake of accounting scandal

BERLIN/JOHANNESBURG (Reuters) - South African tycoon Christo Wiese resigned on Thursday as chairman of Steinhoff , the latest setback for the retail group in the throes of an accounting scandal.

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Wall Street falls as investors fret about tax bill passage

(Reuters) - The S&P 500 and the Dow were lower on Thursday as investors worried about potential roadblocks to Republicans' tax overhaul, offseting their optimism over strong retail sales data.

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Airbus planemaking chief Bregier to step down: sources

PARIS (Reuters) - Airbus Chief Operating Officer and planemaking chief Fabrice Bregier is expected to step down following a board meeting on Thursday to tackle management tensions at the aerospace group, two sources familiar with the matter said.

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BRIEF-Snyder's-Lance Hires Bank To Weigh Sale After Campbell Approach- CNBC

* SNYDER'S-LANCE HIRES BANK TO WEIGH SALE AFTER CAMPBELL APPROACH- CNBC, CITING SOURCES‍​ Source text : http://cnb.cx/2zdb8T5 Further company coverage:

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GLOBAL MARKETS-Global shares little changed after central bank meetings

* U.S. stocks down (Updates to Europe close, adds commentary)

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Court reverses Dell buyout ruling that alarmed dealmakers

WILMINGTON, Del. (Reuters) - Delaware's Supreme Court ruled on Thursday that a lower court erred in finding that the 2013 buyout of computer maker Dell Inc was vastly underpriced, a ruling that had allowed hedge funds to wring extra cash from the deal.

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Steinhoff says Christo Wiese steps down as chairman

BERLIN (Reuters) - Retail group Steinhoff , which is fighting for survival following its disclosure of accounting irregularities, said on Thursday that South African tycoon Christo Wiese has stepped down as chairman.

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Pier 1 Imports slumps 30 percent; holiday optimism disappears

SAN FRANCISCO (Reuters) - Pier 1 Imports Inc's stock lost nearly a third of its value on Thursday and its main competitors' shares also fell after the furniture and home decorations retailer warned the holiday shopping season was not going well.

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Turkish banker expected to testify in Iran sanctions trial in New York

(Reuters) - Mehmet Hakan Atilla, a Turkish banker accused of taking part in a scheme to help Iran evade U.S. sanctions, plans to testify in his own defense at his trial in New York, his lawyers said Thursday.

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S&P, Dow flat as healthcare losses offset by tech, media gains

(Reuters) - The S&P 500 and the Dow were trading flat in early afternoon on Thursday as losses in healthcare stocks such as Johnson & Johnson were offset by gains in shares of technology and consumer discretionary companies.

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Sulzberger Jr to retire as NYT publisher by end of December

(Reuters) - Arthur Sulzberger Jr. will retire as publisher of the New York Times by the end of December and will be replaced by his son A.G. Sulzberger, the New York Times Co said on Thursday.

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Disney buying Fox film, TV units for $52 billion in digital push

(Reuters) - Walt Disney Co has struck a deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc for $52.4 billion in stock, giving the world's largest entertainment company an arsenal of shows and movies to combat growing digital rivals Netflix Inc and Amazon.com Inc.

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Delaware court reverses controversial Dell buyout ruling

WILMINGTON, Del (Reuters) - Delaware's Supreme Court ruled on Thursday that a lower court erred in its controversial finding last year that the 2013 buyout of computer maker Dell Inc was vastly underpriced.

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Exclusive: Luxottica, Essilor tie-up on track for unconditional EU okay - sources

BRUSSELS (Reuters) - Italian eyewear maker Luxottica and French lens manufacturer Essilor are set to win unconditional EU antitrust approval for their 48 billion-euro ($57 billion) merger, two people familiar with the matter said on Thursday.

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World shares little changed amid slate of central bank meetings

NEW YORK (Reuters) - World stock markets were little changed on Thursday after policy meetings from major central banks in Europe, while some U.S. shares were buoyed by news that the Republicans' tax legislation could face final votes in Congress before year-end.

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GLOBAL MARKETS-World shares little changed amid slate of central bank meetings

* Dollar index up (Updates to U.S. trading open; changes byline, dateline, previously LONDON)

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Renault revives Alpine production with 6,000-car capacity

DIEPPE, France (Reuters) - Renault has invested in plant capacity to build up to 6,000 sports cars annually under the revived Alpine brand, the company said on Thursday, as it formally opened the new production line in Dieppe, northern France.

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Wall Street higher on optimism over tax bill, Fed's economic outlook

(Reuters) - Wall Street indexes hovered around record levels on Thursday, perked up by the Federal Reserve's upbeat view on the economy and news that the Republicans' tax code overhaul is set to face final votes in Congress before the year-end.

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Sberbank CFO says previous talks with Alibaba finished

LONDON (Reuters) - Russian lender Sberbank's talks with Chinese e-commerce giant Alibaba have finished in their current form, the bank's Chief Financial Officer Alexander Morozov said on Thursday.

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Spotify price tag rises ahead of filing for NYSE listing: sources

STOCKHOLM (Reuters) - The value of music streaming service Spotify, which is planning a stock market listing, has grown around 20 percent to at least $19 billion in the past few months, outperforming U.S. and European tech indexes, sources familiar with the matter said.

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BRIEF-Sberbank CFO says previous talks with Alibaba finished, now talking with everyone

* LONDON: RUSSIA'S SBERBANK CFO SAYS TALKS WITH ALIBABA HAVE FINISHED IN THE PREVIOUS FORMAT, YANDEX DEAL SIGNED

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Wall Street climbs as tax reform enters last lap

(Reuters) - U.S. stocks climbed higher on Thursday, boosted by gains in technology and banking shares and aided by news that the Republicans' tax code overhaul should face final votes in Congress before the year-end.

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Volkswagen says some employees cooperated with Brazil's military regime

FRANKFURT (Reuters) - Volkswagen said on Thursday that a historian commissioned by the carmaker found that some of the security staff at Volkswagen do Brasil had cooperated with the country's former military regime.

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Wall Street opens higher as bank stocks gain

(Reuters) - Wall Street opened higher on Thursday, aided by gains in bank stocks and on news that the Republicans' tax overhaul plan was headed for final votes in Congress before the year-end.

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Record number of Americans to travel during Christmas holiday: AAA

NEW YORK (Reuters) - U.S. travelers will hit the roads, rails and skies this Christmas holiday in their largest numbers on record, lured by cheap plane tickets and a growing economy, the nation's largest motor advocacy group said on Thursday.

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Delta Air Lines to place order for Airbus jets

NEW YORK (Reuters) - Delta Air Lines said on Thursday it will place a firm order for 100 Airbus A321neo jets and an optional order for 100 of the aircraft. Delta, the No. 2 U.S. airline by passenger traffic, said in a filing with the U.S. Securities and Exchange Commission that it expects deliveries to begin in the first quarter of 2020, with new aircraft arriving through 2023.

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Global stocks edge up amid central bank bonanza

LONDON (Reuters) - World shares eked out modest gains on Thursday as cautious comments on inflation from the U.S. Federal Reserve gave investors pause on a day packed with central bank decisions in Europe.

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Disney to buy Fox film, some TV businesses for $52 billion

(Reuters) - Walt Disney Co has struck a deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc for $52.4 billion in stock as the world's largest entertainment company seeks even greater scale to combat growing digital rivals Netflix Inc and Amazon.com Inc.

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Stock futures up, eyes on Disney-Fox deal, bank stocks

(Reuters) - Wall Street was set for a slightly higher open on Thursday as traders focused on a $52.4 billion stock deal between Walt Disney and Twenty-First Century Fox and gains in shares of big banks.

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Teva Pharm to lay off a quarter of workforce, suspends dividend

TEL AVIV (Reuters) - Teva Pharmaceutical Industries will cut its workforce by more than a quarter, give up many of its manufacturing plants and suspend its dividend on ordinary shares in a much-anticipated overhaul to help pay back its massive debt.

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Exclusive: EU regulators to clear Luxottica, Essilor deal without conditions - sources

BRUSSELS (Reuters) - Italy's Luxottica and French glasses group Essilor are set to win unconditional EU antitrust approval for their 48-billion-euro ($56.8 billion), two people familiar with the matter said on Thursday.

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Disney to buy Fox film, TV businesses for $52 billion

(Reuters) - Walt Disney Co on Thursday agreed to buy film, TV and international assets from Rupert Murdoch's Twenty-First Century Fox Inc for $52.4 billion as Disney seeks greater scale to tackle growing competition from Netflix and Amazon.com.

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BRIEF-Cenovus' 2018 Budget Continues Focus On Deleveraging

* CENOVUS ENERGY INC - PLANS TO INVEST BETWEEN $1.5 BILLION AND $1.7 BILLION IN 2018

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Siemens CEO sees group as 'fleet of ships': Manager Magazin

MUNICH (Reuters) - Siemens' chief executive sees the German group as a "fleet of ships", each thriving under its own steam, but rejects the idea of separate listings for its core factory-automation and energy businesses, he told Manager Magazin.

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Norwegian Air ramps up transatlantic fare war with four new routes

NEW YORK (Reuters) - Norwegian Air Shuttle ASA will start flying four new routes between the United States and Europe, the budget carrier said on Thursday, rapidly expanding its low-cost transatlantic flights and increasing pressure on established carriers.

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Investors call on Sanderson, Denny's, McDonald's to cut antibiotics

(Reuters) - An investor coalition that presses for corporate responsibility is calling on U.S. food companies McDonald's Corp, Denny's Corp and Sanderson Farms Inc to stop buying or producing meat raised with medically important antibiotics.

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European stocks, euro dip as central banks dominate

LONDON (Reuters) - European shares and the euro dipped on Thursday as cautious comments on inflation from the U.S. Federal Reserve gave investors pause before a series of central bank decisions in Europe.

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GLOBAL MARKETS-European stocks, euro dip as central banks dominate

LONDON, Dec 14 (Reuters) - European shares and the euro dipped on Thursday as cautious comments on inflation from the U.S. Federal Reserve gave investors pause before a series of central bank decisions in Europe.

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UK retailers enjoy bumper Black Friday sales

LONDON (Reuters) - British shoppers pounced on electrical goods and other Black Friday bargains last month, giving an unexpectedly big boost to retail sales, which contrasted with earlier signs of a subdued start to Christmas spending.

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EMERGING MARKETS-With Fed out of way, emerging markets await Turkish cbank

LONDON, Dec 14 (Reuters) - Emerging equities rose to a near two-week high on Thursday after the U.S. Fed delivered a widely-expected rate rise but remained cautious on the inflation outlook, while Turkey's lira slipped before a central bank meeting.

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UK retailers enjoy bumper Black Friday sales: ONS

LONDON (Reuters) - British retail sales grew much faster than expected last month as shoppers took advantage of Black Friday bargains, official figures showed on Thursday, contrasting with more downbeat industry surveys.

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UPDATE 1-Banks drag European shares down as investors await Draghi

* Wind turbine makers boosted by U.S. tax development (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)

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Banks drag European shares down as investors eye BoE, ECB meetings

LONDON, Dec 14 (Reuters) - Weakness in bank stocks dragged European shares to a downbeat open on Thursday as financial sectors caught the cold from U.S. and Asian trading which suffered from a less hawkish than expected tone from the U.S. Federal Reserve.

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BAWAG says agrees to buy north German bank Deutscher Ring Bausparkasse

VIENNA, Dec 14 (Reuters) - Austrian bank BAWAG has agreed to buy north German building society bank Deutscher Ring Bausparkasse, it said on Thursday, continuing its policy of making bolt-on acquisitions and expanding in Germany.

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PSA, Toyota lead European car sales gain, helped by extra selling day

BERLIN (Reuters) - European car sales rose 5.8 percent in November, helped by an extra selling day as PSA Group and Toyota posted the strongest gains among the region's major automakers, industry data published on Thursday showed.

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Asia stocks slightly up after Fed move; dollar, U.S. yields sag

TOKYO (Reuters) - Asian stocks generally rose on Thursday after the Federal Reserve delivered a much-anticipated interest rate hike, while its caution on inflation tempered expectations for 2018 tightening, weighing on the dollar and Treasury yields.

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South Korea prosecutors seek four-year jail term for Lotte group chief

SEOUL (Reuters) - South Korea's prosecutors are seeking a four-year jail term for Lotte Group chief Shin Dong-bin, the corporate group's spokesman said by telephone on Thursday.

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Airbus executive says considering cuts to A380 production, still undecided

SINGAPORE (Reuters) - Airbus SE is considering cutting production of its A380 superjumbo to six or seven planes a year, but has made no final decision on the matter, a top executive said on Thursday amid growing question marks over the future of the double-decker jet.

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BRIEF-Independent Bank Group, Inc. Announces Pricing Of Subordinated Notes Offering

* INDEPENDENT BANK GROUP, INC. ANNOUNCES PRICING OF SUBORDINATED NOTES OFFERING

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Fox's Star to bring Disney cash and cricket in India

(Reuters) - Walt Disney Co's expected deal with Twenty-First Century Fox Inc would give the world's best-known entertainment company new advantages in India, such as cricket rights and local-language TV shows for the fast-growing media market.

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BRIEF-Deutsche Bank Raises Prime Lending Rate To 4.50 Pct

* DEUTSCHE BANK- CO'S NEW YORK BRANCH, DEUTSCHE BANK NEW YORK, SUBSIDIARY DEUTSCHE BANK TRUST COMPANY AMERICAS RAISED PRIME LENDING FROM 4.25% TO 4.50%

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Asia stocks edge higher after Fed meeting; dollar, U.S. yields sag

TOKYO (Reuters) - Asian stocks edged higher on Thursday after the Federal Reserve delivered a much-anticipated interest rate hike but flagged caution about inflation, tempering expectations for future tightening, which weighed on the dollar and Treasury yields.

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Republicans forge tax deal, final votes seen next week

WASHINGTON (Reuters) - Congressional Republicans reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that would slash the U.S. corporate tax rate to 21 percent and cut taxes for wealthy Americans.

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Turkish banker accused of helping Iran launder money seeks mistrial

NEW YORK, Dec 13 (Reuters) - Lawyers for a Turkish banker on trial in New York on charges that he helped Iran evade U.S. sanctions asked a judge on Wednesday to declare a mistrial, saying testimony by a former Turkish police investigator should not have been allowed in court.

businessNews reuters.com

Bumper crop of new drugs fails to lift big pharma R&D returns

LONDON (Reuters) - It is shaping up to be a bumper year for drug approvals, with U.S. officials clearing twice as many novel medicines as in 2016, yet returns on research investment at leading pharmaceutical companies are down.

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Disney deal set to value Fox at more than $75 billion: source

(Reuters) - Walt Disney Co's deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc will value the latter at over $40 per share, or $75 billion, a person familiar with the matter said.

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Dutch-Belgian supermarket to battle Amazon on two fronts

ZAANDAM, Netherlands (Reuters) - Unlike investors who sold off rival food retail stocks in response to Amazon's plan to buy Whole Foods, Ahold Delhaize boss Dick Boer took the news in stride.

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Delta may place order for 100 Airbus A321neo jets: sources

PARIS/NEW YORK (Reuters) - Delta Air Lines looked close on Wednesday to placing an order for 100 Airbus A321neo jets in a boost for the European planemaker as it tries to narrow a 2017 order gap against Boeing , two people familiar with the matter said.

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U.S. Republicans craft tax deal, final votes seen next week

WASHINGTON (Reuters) - Congressional Republicans reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that would slash the U.S. corporate tax rate to 21 percent and cut taxes for wealthy Americans.

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Ford to shift midsize sedan production out of Mexico: sources

(Reuters) - Ford Motor Co has told suppliers it plans to shift production of midsize Fusion and Mondeo sedans out of Mexico and Spain in 2020 and move it to China, three sources said on Wednesday.

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Trump 'dossier' firm: Republicans leaked bank records in retaliation

WASHINGTON (Reuters) - A firm that commissioned a "dossier" detailing links between then-presidential candidate Donald Trump's campaign and Russia said in a court filing that Republicans leaked the company's banking data to the media for partisan political purposes.

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Wall Street mixed as financials drag after Fed rate hike

NEW YORK (Reuters) - The S&P 500 ended slightly lower on Wednesday pressured by the financial sector after the Federal Reserve announced a widely expected interest rate hike but kept its rate outlook for coming years even as it projected faster U.S. economic growth.

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Fed lifts interest rates, keeps 2018 policy outlook unchanged

WASHINGTON (Reuters) - The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, as anticipated, but left its rate outlook for the coming years unchanged even as policymakers projected a short-term acceleration in U.S. economic growth.

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LPC: Banks provide US$650m of loans for SMG buyout

NEW YORK, Dec 13 (Reuters) - US venue management firm SMG's leveraged buyout by Canadian private equity firm Onex Corp will be backed by a US$650m loan package, according to two sources familiar with the matter.

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Lockheed Martin may top Boeing in race to supply Canada jets: experts

OTTAWA (Reuters) - Canada's decision to make it harder for Boeing Co to win a major jet order hands rival plane maker Lockheed Martin Corp an advantage in capturing the contract, defense experts said on Wednesday.

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BRIEF-Citibank Says Raised Base Lending Rate To 4.50% From 4.25%

* CITIBANK SAYS RAISED ITS BASE LENDING RATE TO 4.50% FROM 4.25%, EFFECTIVE DECEMBER 14, 2017 Source text for Eikon: Further company coverage:

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U.S. court removes creditor hurdle to a Westinghouse bankruptcy plan

WILMINGTON, Del. (Reuters) - A U.S. judge shot down on Wednesday a request by creditors of Westinghouse Electric Co LLC for a bigger role in the nuclear technology company's bankruptcy just days after its parent company Toshiba Corp proposed a restructuring plan.

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WTO to end meeting with no deals after U.S. rebukes

BUENOS AIRES (Reuters) - Trade ministers looked set to wrap up their biennial World Trade Organization (WTO) meeting on Wednesday without any new agreements after criticism of the agency by the United States, once the WTO's driving force.

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Wall Street extends gains slightly after expected Fed rate hike

NEW YORK (Reuters) - The three major U.S. stock indexes were higher on Wednesday after the Federal Reserve raised U.S. interest rates by a quarter percentage point, as anticipated, but left its rate outlook for the coming years unchanged even as policymakers projected a short-term acceleration in U.S. economic growth.

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Lockheed Martin could beat Boeing in race to supply Canada jets

OTTAWA (Reuters) - Canada's decision to make it harder for Boeing Co to win a major jet order hands rival plane maker Lockheed Martin Corp an advantage in capturing the contract, defense experts said on Wednesday.

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Fed raises interest rates, keeps 2018 policy outlook unchanged

WASHINGTON (Reuters) - The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, as anticipated, but left its rate outlook for the coming years unchanged even as policymakers projected a short-term acceleration in U.S. economic growth.

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Exclusive: Saudi Aramco to push ahead with market share, expansion strategy - CEO

DAMMAM, Saudi Arabia (Reuters) - Saudi Aramco, the world's largest oil producer, aims to regain its lost market share after the OPEC-led supply-cut pact ends and plans to push ahead with a downstream expansion strategy to be on par with Big Oil, its chief executive said on Wednesday.

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Congress secures tax deal, Trump backs 21-percent corporate rate

WASHINGTON (Reuters) - Congressional Republicans have reached a deal on final tax legislation, the U.S. Senate's top Republican tax writer said on Wednesday, with President Donald Trump saying he would back a sharply lowered corporate tax rate of 21 percent.

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Exclusive: Ford to base Fusion production in China, ship to U.S. - sources

(Reuters) - Ford Motor Co plans to consolidate global production of midsize sedans in China in 2020 and ship them to the United States and Europe, three sources said on Wednesday.

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Senate secures tax deal, Trump backs 21-percent corporate rate

WASHINGTON (Reuters) - Congressional Republicans have reached a deal on final tax legislation, the top Senate Republican tax writer said on Wednesday, with President Donald Trump saying minutes later he would back a corporate tax rate of 21 percent.

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Industrial stocks drive Wall Street higher; Fed decision eyed

(Reuters) - A surge in shares of Caterpillar and Boeing lifted the Dow industrials to record level in early afternoon trading on Wednesday, ahead of a widely-expected interest rate hike by the Federal Reserve.

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Republicans reach deal on final tax legislation

WASHINGTON (Reuters) - Congressional Republicans have reached a deal on final tax legislation, the top Senate Republican tax writer said on Wednesday, an achievement that would clear the way for final votes in the Senate and House of Representatives next week.

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LPC: Banks optimistic on 2018 US CLO volume with Wells Fargo predicting record year

NEW YORK, Dec 13 (Reuters) - Wells Fargo is predicting record US Collateralized Loan Obligation (CLO) fund issuance of US$125bn in 2018 with little in sight to derail 2017’s strong momentum. JP Morgan sees a smaller increase and Bank of America Merrill Lynch and Deutsche Bank expect issuance to match 2017’s robust volume.

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Wall Street higher on tech gains; Fed decision awaited

(Reuters) - U.S. stocks inched higher on Wednesday powered by technology stocks but shares of big banks lost steam ahead of a widely-expected interest rate hike in the afternoon.

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U.S. core inflation slows, puts spotlight on 2018 interest rate outlook

WASHINGTON (Reuters) - Underlying U.S. consumer inflation slowed in November, held down by weak healthcare costs and the biggest drop in apparel prices in nearly two decades, which could impact the pace at which the Federal Reserve raises interest rates next year.

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Bitcoin fever exposes crypto-market frailties

LONDON/NEW YORK (Reuters) - As bitcoin raced to another record high on Tuesday, one of the biggest providers of digital currency wallets, Coinbase, went down under the weight of traffic, leaving many of its more than 10 million customers unable to access their funds.

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UPDATE 3-Italian bonds, bank stocks hit as prospect of March election reignites political uncertainty

* Broader markets await Fed rate decision (Adds stocks market reaction, quotes)

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Wall Street scales higher on tech gains; Fed's rate decision awaited

(Reuters) - Wall Street indexes advanced on Wednesday as technology stocks gained and traders took positions, overlooking concerns of benign inflation ahead of a likely interest rate hike by the Federal Reserve later in the day.

topNews reuters.com

U.N. expert says inmate U.S. torture continues at Guantanamo Bay

GENEVA (Reuters) - An inmate at the U.S. detention facility at Guantanamo Bay is still being tortured, the U.N. special rapporteur on torture Nils Melzer said in a statement on Wednesday.

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Novartis generics arm says may sell or end some products

ZURICH (Reuters) - Swiss drugmaker Novartis's Sandoz generics business is in the process of selling or closing some products in the United States, it said on Wednesday.

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Wall Street rises at open as technology stocks gain

(Reuters) - Wall Street opened higher on Wednesday on gains in technology stocks while investors awaited the Federal Reserve's decision on an interest rate hike due later in the day.

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U.S. core CPI slows in November, apparel prices tumble

WASHINGTON (Reuters) - Underlying U.S. consumer inflation slowed in November amid weak healthcare costs and the biggest drop in apparel prices since 1998.

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Want cheaper British car insurance? Mind how you shop

LONDON (Reuters) - Ever wondered what your shopping habits say about your driving? Britain's big supermarkets have.

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EU warns British airlines on post-Brexit flying

BRUSSELS (Reuters) - British airlines will lose all flying rights the European Union has negotiated with third countries as well as those negotiated by individual EU states after Britain quits the bloc, the EU executive said in a note.

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U.N. expert says U.S. torture continues at Guantanamo Bay

GENEVA (Reuters) - An inmate at the U.S. detention facility at Guantanamo Bay is still being tortured, the U.N. special rapporteur on torture Nils Melzer said in a statement on Wednesday.

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Sports Direct shareholders veto payment to brother of founder Mike Ashley

LONDON (Reuters) - Independent shareholders in Sports Direct on Wednesday voted against making a retrospective payment of 11 million pounds ($15 million) to the brother of founder and majority shareholder Mike Ashley for his work as an IT expert.

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U.S. consumer prices increase, but core CPI moderates

WASHINGTON (Reuters) - U.S. consumer prices accelerated in November amid a rebound in gasoline prices, but declining healthcare and apparel costs curbed underlying inflation pressures.

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Airbus leadership under fire as crisis deepens

TOULOUSE/PARIS (Reuters) - Airbus is engulfed in a fresh bout of speculation over the future of senior managers as corruption probes rattle the aerospace company and add fuel to a long-running clash of egos at the top, people familiar with the group said.

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UK PM May says RBS branch closures are a commercial matter for the bank

LONDON, Dec 13 (Reuters) - British Prime Minister Theresa May said that branch closures announced by the Royal Bank of Scotland were a commercial matter for the bank, after she was asked to intervene to halt the closures.

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Shares eye record high as Fed heads for 2017 hat-trick

LONDON (Reuters) - Global shares were within a whisker of another record high on Wednesday as markets traded on expectations of a third U.S. interest rate hike this year and waited to hear from the Federal Reserve on how many more are likely in 2018.

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WTO struggles to hone global trade vision after U.S. turnabout

BUENOS AIRES (Reuters) - Trade ministers looked set to wrap up their biennial World Trade Organization (WTO) meeting without having reached a single agreement on Wednesday, still reeling from criticism brought by the United States, once the WTO's driving force.

businessNews reuters.com

Futures flat ahead of Fed's decision on interest rate hike

(Reuters) - U.S. stocks futures pointed to a flat open for Wall Street on Wednesday as investors awaited the Federal Reserve's announcement on benchmark interest rate and assessed the Democratic win in the Alabama Senate election.

businessNews reuters.com

Oil up on U.S. crude stocks draw, Forties outage supports

LONDON (Reuters) - Oil prices rose on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles, while expectations for an extended shutdown of a major North Sea crude pipeline also continued to bolster markets.

businessNews reuters.com

Westfield $16 billion Unibail-Rodamco sale rings the bell on retail's next chapter

SYDNEY/MELBOURNE (Reuters) - For investors in Australia's Westfield Corp , its $16 billion sale to European property giant Unibail-Rodamco may mark a turning point for a mall industry under pressure to reinvent itself amid fierce online competition.

businessNews reuters.com

Trump to make final tax push as Republican negotiators near deal

WASHINGTON (Reuters) - U.S. President Donald Trump will make a final push on Wednesday to shepherd a Republican tax overhaul over the finish line, hosting congressional negotiators for lunch before delivering a speech in which he will make his closing arguments for the legislation.

businessNews reuters.com

VW bank expects profit rise in 2017 despite diesel scandal

FRANKFURT (Reuters) - The financial arm of German carmaker Volkswagen said on Wednesday that it expects a rise in operating profit in 2017, despite a diesel scandal that has rocked the industry.

businessNews reuters.com

Shares eye record high as Fed heads for hat-trick

LONDON (Reuters) - Global shares were within a whisker of another record high on Wednesday as markets traded on expectations of a third U.S. interest rate hike of the year, and waited to hear from the Federal Reserve how many more are likely in 2018.

companyNews reuters.com

BRIEF-‍Yandex, Sberbank enter into agreement for Yandex.Market joint venture​

* ‍YANDEX AND SBERBANK ENTER INTO BINDING AGREEMENT FOR YANDEX.MARKET JOINT VENTURE​

companyNews reuters.com

RPT-UPDATE 1-Banks eye Paris airports operator in Macron privatisation drive -sources

LONDON/FRANKFURT, Dec 12 (Reuters) - Investment banks are vying to work with potential buyers or the French government on the sale of its majority stake in Aeroports de Paris (ADP) , sources close to the matter said, in one of the largest infrastructure deals expected to come to market in 2018.

businessNews reuters.com

Asian shares up, dollar dips as Republicans lose Alabama Senate race

TOKYO (Reuters) - U.S. stock futures, Treasury yields and the dollar dipped on Wednesday as Democrat Doug Jones beat Republican Roy Moore in a bitter U.S. Senate race in Alabama, while Asian shares gained as crude oil futures took back some lost ground.

worldNews reuters.com

Judges consider HK double murder appeal by convicted former British banker

HONG KONG (Reuters) - Three judges in Hong Kong's Court of Appeal are set to decide the fate of a former British banker who was jailed for life last year for the murder of two Indonesian women he tortured and raped after his appeal hearing closed on Wednesday.

businessNews reuters.com

With rate hike in the bag, Fed may hint at Trump effect on economy

WASHINGTON (Reuters) - The Federal Reserve is widely expected to raise interest rates on Wednesday, but, more significantly, it may give its strongest hint yet on how the Trump administration's tax overhaul could affect the U.S. economy.

businessNews reuters.com

Manhattan luxury condo sales skew apartment prices: survey

NEW YORK (Reuters) - A boom in newly built luxury apartments in Manhattan has skewed prices for the overall residential real estate market in the borough and masked a sharp drop in transaction volume over the past five years, a property report on Wednesday showed.

businessNews reuters.com

Oil prices recover on big U.S. crude stock drawdown, pipeline shutdown supports

TOKYO (Reuters) - Oil prices rose on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles, while expectations for an extended shutdown of a major North Sea crude pipeline also continued to bolster markets.

businessNews reuters.com

Asian shares up, dollar dips as Democrat wins Alabama Senate race

TOKYO (Reuters) - U.S. stock futures, Treasury yields and the dollar fell on Wednesday as Democrat Doug Jones beat Republican Roy Moore in a bitter U.S. Senate race in Alabama, while Asian shares edged up as crude oil futures took back lost ground.

businessNews reuters.com

Oil recovers on big U.S. crude stock drawdown

TOKYO (Reuters) - Oil prices rose in early Asian trade on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles.

businessNews reuters.com

Asian shares flat, Fed hike expectations underpin dollar

TOKYO (Reuters) - Asian shares were treading water in early trade on Wednesday as crude oil futures steadied after a selloff, while a widely expected interest rate hike from the Federal Reserve underpinned the dollar.

businessNews reuters.com

Uber picks new head for Indonesia business

JAKARTA (Reuters) - Uber Technologies Inc unveiled on Wednesday a new head of its Indonesian operations in a market where the online taxi company faces cutthroat competition, regulatory uncertainty and a reported U.S. probe into whether it broke bribery laws.

companyNews reuters.com

UPDATE 2-Brazil banks agree to reimburse depositors for losses

BRASILIA, Dec 12 (Reuters) - Brazilian banks agreed on Tuesday to compensate depositors for losses from government plans that tackled hyperinflation in the 1980s and 1990s, potentially settling over a million legal disputes that have hung over the country's banking system.

companyNews reuters.com

BRIEF-SmartFinancial Inc To Acquire Southern Community Bank

* SMARTFINANCIAL, INC. TO ACQUIRE TULLAHOMA, TN-BASED SOUTHERN COMMUNITY BANK

companyNews reuters.com

BRIEF-Heartland Financial USA Announces Plan To Acquire First Bank Lubbock Bancshares In Texas

* HEARTLAND FINANCIAL USA, INC. ANNOUNCES PLAN TO ACQUIRE FIRST BANK LUBBOCK BANCSHARES, INC. IN TEXAS

companyNews reuters.com

BRIEF-Sinclair Raises Additional Term Loans And Amends Bank Credit Agreement

* SINCLAIR RAISES ADDITIONAL TERM LOANS AND AMENDS BANK CREDIT AGREEMENT

businessNews reuters.com

Oil settles lower after rally on pipeline outage; Brent premium narrows

HOUSTON (Reuters) - Oil prices fell sharply on Tuesday, as traders took profits after prices surged early to a two-year high on an unplanned closure of the pipeline that carries the largest North Sea crude oil grade.

companyNews reuters.com

BRIEF-Electromed Inc Says Renewed Its $2.5 Million Revolving Line Of Credit With Venture Bank

* ELECTROMED INC - ON DEC 12, CO RENEWED ITS $2.5 MILLION REVOLVING LINE OF CREDIT WITH VENTURE BANK PURSUANT TO RIDER TO BUSINESS LOAN AGREEMENT

businessNews reuters.com

Bitcoin hits another record high in march toward $20,000

NEW YORK (Reuters) - Virtual currency bitcoin hit another all-time peak on Tuesday, two days after the launch of the first ever bitcoin futures on a U.S. exchange and ahead of the start of another futures contract next week, as investors grew optimistic that the $20,000-mark is within reach.

companyNews reuters.com

UPDATE 1-Brazil banks agree to reimburse depositors for losses

BRASILIA, Dec 12 (Reuters) - Brazilian banks agreed on Tuesday to compensate depositors for losses from government plans that tackled hyperinflation in the 1980s and 1990s, settling over a million legal disputes that have hung over the country's banking system.

businessNews reuters.com

S&P, Dow rise with help from banks, Nasdaq lags

(Reuters) - Wall Street stocks were higher on Tuesday afternoon with the biggest boost from the financial sectors as investors bet on strong economic growth a day ahead of the U.S. Federal Reserve's widely-expected hike in interest rates.

companyNews reuters.com

US STOCKS-S&P, Dow rise with help from banks, Nasdaq lags

* Indexes: Dow up 0.64 pct, S&P up 0.34 pct, Nasdaq down 0.02 pct (Updates to late afternoon, adds commentary, changes byline)

businessNews reuters.com

Oil drops after rally on pipeline outage; Brent premium narrows

HOUSTON (Reuters) - Oil prices fell sharply on Tuesday, as traders took profits after prices surged early to a two-year high on an unplanned closure of the pipeline that carries the largest North Sea crude oil grade.

businessNews reuters.com

Trump administration holds talks with airlines, keeps pressure on Gulf carriers

WASHINGTON (Reuters) - The Trump administration met with major airlines on Tuesday to discuss complaints that some Gulf states are unfairly subsidizing state-owned carriers, keeping up pressure on the Middle East airlines at the center of a spat with U.S. rivals.

businessNews reuters.com

Airbus CEO Enders will not seek a third mandate: Figaro

PARIS (Reuters) - Tom Enders has told the French Presidency he will not seek a third mandate as chief executive of European planemaker Airbus , Le Figaro daily reports on its website.

businessNews reuters.com

Tezos director resigns, sowing more uncertainty at crypto startup

LONDON/ZURICH (Reuters) - One of the three board members of the Swiss foundation that conducted the online fundraiser for the embattled Tezos cryptocurrency tech project has resigned, Reuters has learned.

businessNews reuters.com

Twitter to let users make tweet threads more easily

(Reuters) - Twitter said on Tuesday it would add a pair of buttons that will allow users to more easily see and add new tweets to existing ones on the same topic.

businessNews reuters.com

S&P, Dow at record levels as Boeing, bank stocks gain

(Reuters) - The S&P and the Dow hit record levels in early afternoon trading on Tuesday as Boeing rose and bank stocks gained ahead of a near certain move by the Federal Reserve to raise interest rate.

businessNews reuters.com

EU sends stark warning to airlines on post-Brexit flying

BRUSSELS (Reuters) - British airlines will lose all flying rights to the European Union if there is no transition agreement after Brexit, the EU executive said on Tuesday, a stark reminder of the risks facing the aviation sector if there is no deal.

businessNews reuters.com

U.S., European stock markets climb ahead of Fed meeting; oil hits peak

NEW YORK (Reuters) - Major U.S. and European stock indexes advanced on Tuesday, ahead of a meeting of U.S. Federal Reserve policymakers, while oil prices reached $65 per barrel earlier in the day for the first time since mid-2015.

businessNews reuters.com

VW's truckmaker Scania appeals 880 million euro fine for price fixing

STOCKHOLM (Reuters) - Swedish truckmaker Scania said on Tuesday it had filed an appeal against a decision by the European Commission to fine it 880 million euros ($1 billion) for taking part in a price fixing cartel.

businessNews reuters.com

Boeing, bank stocks lift Dow, S&P; techs drag on Nasdaq

(Reuters) - The S&P 500 and the Dow advanced in late morning trade on Tuesday as Boeing's shares hit a record and bank stocks rose ahead of a near certain move by the Federal Reserve to raise interest rate.

companyNews reuters.com

UPDATE 1-Banks eye Paris airports operator in Macron privatisation drive -sources

LONDON/FRANKFURT, Dec 12 (Reuters) - Investment banks are vying to work with potential buyers or the French government on the sale of its majority stake in Aeroports de Paris (ADP) , sources close to the matter said, in one of the largest infrastructure deals expected to come to market in 2018.

environmentNews reuters.com

California and Washington state join carbon pledge in defiance of Trump

PARIS (Reuters) - California and Washington state joined five nations on the Pacific coast of the Americas on Tuesday to agree to step up the use of a price on carbon dioxide emissions as a central economic policy to slow climate change.

businessNews reuters.com

Europe's Unibail bids $16 billion for Westfield to counter online threat

SYDNEY/MELBOURNE/PARIS (Reuters) - Europe's biggest property firm Unibail-Rodamco is to buy U.S. and UK mall operator Westfield Corp for $16 billion, a defensive move to create a global leader in a sector grappling with the online shopping challenge led by Amazon .

companyNews reuters.com

New York comptroller to withdraw Exxon shareholder climate proposal

BOSTON, Dec 12 (Reuters) - New York State Comptroller Thomas DiNapoli plans to withdraw a shareholder proposal it had filed for Exxon Mobil Corp annual meeting next year, his office said in a press release on Tuesday.

businessNews reuters.com

Boeing, bank stocks lift Dow, techs weigh on S&P, Nasdaq

(Reuters) - The Dow Jones Industrial Average edged higher on Tuesday, with a 3 percent jump in shares of Boeing and rise in financial stocks, while losses in technology stocks weighed on the S&P 500 and the Nasdaq.

companyNews reuters.com

US STOCKS-Boeing, bank stocks lift Dow, techs weigh on S&P, Nasdaq

* Indexes: Dow up 0.30 pct, S&P up 0.04 pct, Nasdaq off 0.1 pct (Updates to open)

businessNews reuters.com

Xerox 'desperately' needs new leadership, Icahn says

(Reuters) - Activist investor Carl Icahn said on Tuesday Xerox Corp "desperately" needed new leadership, arguing that the printer manufacturer was slow to launch new products and grow revenue.

businessNews reuters.com

Dow opens higher; Fed's rate hike in focus

(Reuters) - The Dow Jones Industrial Average opened higher as energy stocks gained and shares of Boeing touched a record high, while the S&P and the Nasdaq opened flat ahead of the Federal Reserve's policy meeting.

companyNews reuters.com

BRIEF-JG Wentworth Says Co, Units Filed Voluntary Cases Under Chapter 11 In United States Bankruptcy Court

* JG WENTWORTH SAYS ON DEC 12, CO, UNITS FILED VOLUNTARY CASES UNDER CHAPTER 11 IN UNITED STATES BANKRUPTCY COURT FOR DISTRICT OF DELAWARE - SEC FILING

businessNews reuters.com

Oil hits two-year-and-a-half year high on pipeline shutdown, stocks take breather

LONDON (Reuters) - Oil prices jumped to their highest in more than two years on Tuesday after the shutdown of a North Sea pipeline knocked out significant supply from an already tightening market.

businessNews reuters.com

European property giant makes $16 billion bet on U.S. shopping malls

SYDNEY/MELBOURNE (Reuters) - Unibail-Rodamco, Europe's biggest property group, has agreed to buy shopping mall owner Westfield Corp for $16 billion, marking the biggest takeover of an Australian company and a shift in global retail property to counter online shopping.

companyNews reuters.com

BRIEF-Dextera Surgical Files For Chapter 11 Bankruptcy

* DEXTERA SURGICAL FILES FOR CHAPTER 11 BANKRUPTCY AND SIGNS ASSET PURCHASE AGREEMENT WITH AESCULAP, INC.

businessNews reuters.com

German watchdog recalls VW Touaregs over defeat devices

HAMBURG/BERLIN (Reuters) - Germany's KBA automotive watchdog on Tuesday announced a recall of Volkswagen's flagship European sport-utility vehicles (SUV) with 3-litre diesel engines after detecting two illicit emissions control devices in the models.

environmentNews reuters.com

World Bank says will cease financing upstream oil and gas after 2019

PARIS (Reuters) - The World Bank said on Tuesday it will no longer finance upstream oil and gas projects after 2019, apart from certain gas projects in the poorest countries in exceptional circumstances.

businessNews reuters.com

Futures flat with all eyes on Fed meet; Brent tops $65

(Reuters) - U.S. stocks were set to open flat on Tuesday ahead of a two-day meeting of the Federal Reserve that is widely expected to bump up the benchmark interest rate for the third time in a year as it continues to unwind its post-crisis stimulus.

businessNews reuters.com

German watchdog orders recall of 57,600 VW Touareg SUVs

HAMBURG (Reuters) - Germany's KBA automotive watchdog said it has ordered Volkswagen to recall 57,600 diesel models of its Touareg sport-utility vehicle (SUV) after detecting two illicit emission-control devices in tests.

businessNews reuters.com

PepsiCo makes biggest public pre-order of Tesla Semis: 100 trucks

SEATTLE (Reuters) - PepsiCo Inc has reserved 100 of Tesla Inc's new electric Semi trucks, the largest-known order of the big rig, as the maker of Mountain Dew soda and Doritos chips seeks to reduce fuel costs and fleet emissions, a company executive said on Tuesday.

businessNews reuters.com

Trump's push to cut federal jobs has modest impact, mostly in defense

WASHINGTON (Reuters) - President Donald Trump's campaign to shrink the "bloated federal bureaucracy" so far has made a small dent in the federal workforce, and that largely because of a decline in civilian defense jobs.

businessNews reuters.com

Sanofi investors hungry for drug progress and deal news

PARIS (Reuters) - Sanofi still needs to convince markets it can deliver on an exciting and sustainable growth path as it contends with fresh difficulties in its vaccines arm and looks set for another gloomy year in diabetes, investors told Reuters.

businessNews reuters.com

German pilots union steps up pressure on Ryanair with strike call

BERLIN (Reuters) - German pilots' union Vereinigung Cockpit said strike action at Ryanair was possible in Germany, as of now, as staff join pilots in other countries in pushing for better conditions at the Irish budget carrier.

businessNews reuters.com

Oil hits two-and-a-half year high on pipeline shutdown, stocks take breather

LONDON (Reuters) - Oil prices jumped to their highest in more than two years on Tuesday after the shutdown of a North Sea pipeline knocked out significant supply from an already tightening market.

businessNews reuters.com

Europe's Unibail-Rodamco bids $16 billion for Westfield in global shift

SYDNEY/MELBOURNE (Reuters) - Unibail-Rodamco, Europe's biggest property group, has agreed to buy shopping mall owner Westfield Corp for $16 billion, marking the biggest takeover of an Australian company and a shift in global retail property to counter online shopping.

businessNews reuters.com

German pilots union calls for strikes at Ryanair in Germany

BERLIN (Reuters) - German pilots' union Vereinigung Cockpit said strike action at Ryanair was possible in Germany, as of now, as staff join pilots in other countries in pushing for better conditions at the Irish budget carrier.

businessNews reuters.com

Bitcoin exchange Bithumb says 'right' regulations in South Korea would boost market

SEOUL (Reuters) - The Seoul-based operator of the world's busiest virtual currency exchange Bithumb said on Tuesday it will fully comply with potential regulations from the South Korean government and adequately capitalize itself to protect its clients.

businessNews reuters.com

Oil prices jump on pipeline outage, stocks take breather

LONDON (Reuters) - Oil prices jumped on Tuesday after the shutdown of a North Sea pipeline knocked out significant supply from an already tightening market, while world stocks took a break from a three-day rally.

businessNews reuters.com

Exclusive: South Africa's Steinhoff considers sale of PSG, KAP stakes to lift liquidity -sources

JOHANNESBURG/ FRANKFURT (Reuters) - South Africa's Steinhoff is considering selling stakes worth a combined $1.4 billion in local companies PSG Group and KAP Industrial to help plug a liquidity gap at the retailer, two sources familiar with the matter said.

businessNews reuters.com

Audi CEO drops plan to sell motorcycle brand Ducati

INGOLSTADT, Germany (Reuters) - Germany's Audi has abandoned plans to sell its Italian motorcycle brand Ducati, its chief executive Rupert Stadler said, in a sign of confidence that the carmaker expects to be able to carry the costs of its transformation.

companyNews reuters.com

M&A dominates Europe share trading; weak banks offset oil boost

LONDON, Dec 12 (Reuters) - Mergers and acquisitions dominated early European share trading on Tuesday, while strong oil and tech stocks were not enough to offset a decline in banks.

businessNews reuters.com

Bitcoin slips to around $16,300, futures volumes drop

SINGAPORE (Reuters) - Virtual currency bitcoin dipped slightly from the previous session's record highs on Tuesday, after a month of whirlwind and volatile gains leading up to the launch of bitcoin futures on the weekend.

businessNews reuters.com

France's AXA to step up investments in green projects to $11 billion by 2020

PARIS (Reuters) - French insurer AXA announced on Tuesday it would quadruple its investments in environmentally-friendly projects by 2020 to 9 billion euros ($10.60 billion) and disinvest further from the coal industry.

businessNews reuters.com

Brent crude oil jumps to mid-2015 high after North Sea pipeline outage

SINGAPORE (Reuters) - Brent oil prices jumped by 1 percent on Tuesday to their highest since mid-2015, after the shutdown of the Forties North Sea pipeline knocked out significant supply from a market already tightening due to OPEC-led production cuts.

businessNews reuters.com

France's Unibail-Rodamco bids $15.7 billion for Australia's Westfield

SYDNEY/MELBOURNE (Reuters) - France's Unibail-Rodamco has agreed to buy shopping mall owner Westfield Corp for $15.7 billion, in what would be the biggest takeover of an Australian company on record.

businessNews reuters.com

Singapore's electric car-sharing program hits the road

SINGAPORE (Reuters) - Singapore launched on Tuesday its first large-scale electric car-sharing program through which the land-scarce city-state hopes to provide commuters with more transport options and steer them away from the need to buy their own cars.

businessNews reuters.com

France's Unibail-Rodamco bids $24.7 billion for Australia's Westfield

SYDNEY/MELBOURNE (Reuters) - France's Unibail-Rodamco has agreed to buy shopping mall owner Westfield Corp for $24.7 billion including debt, in what would be the biggest takeover of an Australian company on record.

businessNews reuters.com

U.S. transit agencies cautious on electric buses despite bold forecasts

LOS ANGELES (Reuters) - Communities across the United States are looking to replace their dirty diesel buses, ushering in what some analysts predict will be a boom in electric fleets.

businessNews reuters.com

Asia shares take a time out, Brent breaks above $65

SYDNEY (Reuters) - Asian shares took a small step back on Tuesday after three straight sessions of gains, with markets consolidating in the hope an upswing in global growth could outlast a likely hike in U.S. borrowing costs this week.

technologyNews reuters.com

Philippine bank accuses Bangladesh of heist 'cover-up'

MANILA (Reuters) - The Philippines bank through which $81 million stolen from Bangladesh's central bank was channeled in February 2016 has accused Dhaka's monetary authority of covering up its negligence and demanded that it stop making the bank a "scapegoat."

businessNews reuters.com

Brent crude jumps above $65 for 1st time since 2015 after North Sea pipeline outage

SINGAPORE (Reuters) - Brent crude oil prices jumped above $65 per barrel for the first time since 2015 after the shutdown of the Forties North Sea pipeline knocked out significant supply from a market that was already tightening due to OPEC-led production cuts.

businessNews reuters.com

Asia shares take breather, Brent breaks above $65

SYDNEY (Reuters) - Asian shares took a breather on Tuesday after three straight sessions of gains, with markets consolidating in the hope an upswing in global growth could outlast a likely hike in U.S. borrowing costs this week.

businessNews reuters.com

Brent crude jumps above $65 for first time since 2015 after North Sea pipeline outage

SINGAPORE (Reuters) - Brent crude oil prices jumped above $65 per barrel for the first time since 2015 after the shutdown of the Forties North Sea pipeline knocked out significant supplies from a market that was already tightening due to OPEC-led production cuts.

businessNews reuters.com

Brent crude prices near 2015 high after North Sea pipeline disruption

SINGAPORE (Reuters) - Brent crude oil prices were near 2015 highs on Tuesday after the unplanned closure of a major North Sea pipeline for repairs, knocking out significant supplies from a market that was already tightening due to OPEC-led production cuts.

businessNews reuters.com

Exxon to provide details on climate-change impact to its business

(Reuters) - Exxon Mobil Corp on Monday said it would publish new details about how climate change could affect its business in a move aimed at appeasing critics and forestalling another proxy fight next year.

businessNews reuters.com

Asia wagers global cheer will outlive Fed tightening

SYDNEY (Reuters) - Asian shares were trying to string together a fourth session of gains on Tuesday as optimism about global growth looked set to outlast an almost certain hike in U.S. borrowing costs this week.

businessNews reuters.com

Uber fights ban on cash payments in Mexican state

MEXICO CITY (Reuters) - Uber Technologies Inc said on Monday that it had appealed regulations that have barred it from accepting cash fares in the Mexican state of Puebla, in a new challenge to clampdowns on the ride-hailing service in Latin America.

worldNews reuters.com

British banker to appeal against life sentence for Hong Kong double murder

HONG KONG (Reuters) - A British banker, jailed for life in Hong Kong last year for the murder of two Indonesian women he tortured and raped in his luxury apartment, is due to launch an appeal on Tuesday.

businessNews reuters.com

Atos offers to buy Gemalto for 4.3 billion euros to boost cyber security services

PARIS (Reuters) - French technology consulting firm Atos offered to buy Gemalto for 4.3 billion euros ($5.06 billion) on Monday to boost its cyber security services as states and big corporations seek to cope with a growing number of attacks on the Internet worldwide.

businessNews reuters.com

Comcast drops bid for Fox assets, leaving Disney in pole position

(Reuters) - Comcast Corp said on Monday it had abandoned its bid for most of the assets of Rupert Murdoch’s Twenty-First Century Fox Inc , leaving Walt Disney Co as the sole suitor in pursuit of the $40 billion-plus deal.

companyNews reuters.com

BRIEF-Mangrove Partners Master Fund-Continues To Have Conversations With Penn Virginia Board

* MANGROVE PARTNERS MASTER FUND-CONTINUES TO HAVE CONVERSATIONS WITH PENN VIRGINIA BOARD, PARTICULARLY WITH REGARDS TO STRATEGY AND CORPORATE GOVERNANCE

businessNews reuters.com

Cutting U.S. electric vehicle tax credit 'will have an impact': GM

DETROIT (Reuters) - If Congress eliminates an electric vehicle tax credit it "will have an impact" on sales of U.S. electric vehicles such as General Motors Co's Chevrolet Bolt, GM Chief Executive Mary Barra said on Monday.

businessNews reuters.com

Boeing lifts dividend by 20 percent, sets new $18 billion share buyback

(Reuters) - Boeing Co said on Monday it would raise its quarterly dividend by 20 percent and replace its existing share repurchase program with a new $18 billion authorization.

businessNews reuters.com

Bitcoin futures suggest breakneck rise in price to slow

By Saqib Iqbal Ahmed, Jemima Kelly and Gertrude Chavez-Dreyfuss

businessNews reuters.com

Wall Street ends higher with help from tech, energy

NEW YORK (Reuters) - Wall Street indexes closed higher on Monday and the biggest drivers were technology and energy sectors as oil prices rose and investors waited for an expected U.S. Federal Reserve rate hike later in the week.

businessNews reuters.com

Wall Street rises with help from technology, energy sectors

NEW YORK (Reuters) - Wall Street indexes were higher on Monday with boosts from technology and energy sectors as oil prices rose while investors prepared for an expected U.S. Federal Reserve rate hike later in the week.

healthNews reuters.com

Kids continue to die in window-blind accidents, despite safety warnings

(Reuters Health) - Even though window coverings have been recognized for decades as a safety hazard to children, injuries from blinds and shades still send many kids to the emergency room each year, a U.S. study suggests.