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Wall Street edges up as tech snaps skid

businessNews reuters.com

NEW YORK (Reuters) - U.S. stocks eked out a slight gain on Wednesday, as advances in some major technology stocks offset losses in energy and helped keep major indexes just above the unchanged mark. [Source]

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worldNews reuters.com

Pakistan clerics issue fatwa against 'un-Islamic' suicide bombings

ISLAMABAD (Reuters) - More than 1,800 Pakistani Muslim clerics have issued an Islamic directive, or fatwa, forbidding suicide bombings, a book due to be unveiled by the government on Tuesday says.

businessNews reuters.com

U.S. oil industry set to break record, upend global trade

HOUSTON (Reuters) - Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day - toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago.

businessNews reuters.com

Exclusive: U.S. lawmakers urge AT&T to cut commercial ties with Huawei - sources

WASHINGTON (Reuters) - U.S. lawmakers are urging AT&T Inc, the No. 2 wireless carrier, to cut all commercial ties to Chinese phone maker Huawei Technologies Co Ltd [HWT.UL] and oppose plans by telecom operator China Mobile Ltd to enter the U.S. market because of national security concerns, said two congressional aides.

businessNews reuters.com

PBOC official says China's centralized virtual currency trade needs to end: source

BEIJING (Reuters) - A senior Chinese central banker says authorities should ban centralized trading of virtual currencies as well as individuals and businesses that provide related services, an internal memo from a government meeting seen by Reuters showed.

companyNews reuters.com

PRESS DIGEST- Wall Street Journal - Jan 16

Jan 16 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

businessNews reuters.com

Two Singapore Airbnb hosts to plead guilty to illegal letting charges: lawyer

SINGAPORE (Reuters) - Two Airbnb hosts charged in Singapore with unauthorized short-term letting of four apartments are expected to plead guilty next month, their lawyer said on Tuesday.

oddlyEnoughNews reuters.com

Wayward wallaby gets the jump on police in Sydney Harbour Bridge chase

SYDNEY (Reuters) - Australians often joke that tourists expect to see kangaroos hopping across the Sydney Harbour Bridge but the joke was on police on Tuesday when a wayward wallaby led them in an early-morning chase across the famous landmark.

businessNews reuters.com

Asian shares shrug off losses, euro near three-year top

TOKYO (Reuters) - Asian shares pushed higher on Tuesday, erasing early modest losses while the euro stood near a 3-year peak on rising expectations that the European Central Bank could pare its monetary stimulus.

companyNews reuters.com

Nikkei ekes out gains, strong earnings expectations provide support

TOKYO, Jan 16 (Reuters) - Japan's Nikkei share average eked out gains on Tuesday, with expectations for strong corporate earnings underpinning sentiment.

businessNews reuters.com

Asian shares slip as iron ore softens, euro near three-year top

TOKYO (Reuters) - Asian shares slumped on Tuesday, as miners were pressured by weaker Chinese iron ore prices, while the euro stood near a 3-year peak on rising expectations that the European Central Bank could pare its monetary stimulus.

businessNews reuters.com

Germany's Continental hires JP Morgan for potential break-up: sources

FRANKFURT/LONDON (Reuters) - Germany's Continental AG has hired JP Morgan to advise on a possible break-up, sources told Reuters, as the auto parts maker repositions for a market focused on electric and self-driving vehicles.

United States Politics and Government nytimes.com

Two of Martin Luther King Jr.’s Children Speak Out Against Trump

In Atlanta and in Washington, the children of the Rev. Dr. Martin Luther King Jr. criticized President Trump for his language about people from some countries.

businessNews reuters.com

China consumer group seeks answers from Apple about slowing iPhones

SHANGHAI (Reuters) - A Chinese consumer group has asked Apple for information about the slowing of older iPhones after operating system updates, demanding a reply before Friday, state news agency Xinhua reported.

oddlyEnoughNews reuters.com

Wallaby leads police chase over Sydney Harbour Bridge

SYDNEY (Reuters) - A wallaby hopping across the Sydney Harbour Bridge held up early-morning traffic in Australia's biggest city on Tuesday, before being caught downtown by police officers.

companyNews reuters.com

CANADA STOCKS-Gold miners and pot stocks push TSX higher

TORONTO, Jan 15 (Reuters) - Canada's main stock index gained on Monday, boosted by a bounce-back in shares of cannabis producers and sharp gains for gold miners as bullion prices hit a four-month high.

businessNews reuters.com

Major automakers urge Trump administration: don't ditch NAFTA

DETROIT (Reuters) - Global automakers on Monday urged the Trump administration not to terminate the North American Free Trade Agreement and expressed hope the United States, Canada and Mexico can successfully conclude a modernized and improved trade pact.

companyNews reuters.com

CANADA STOCKS-TSX rises with pot stocks and gold miners

TORONTO, Jan 15 (Reuters) - Canada's main stock index ended higher on Monday, boosted by sharp jumps for cannabis stocks after a sell-off last week and by gains for major gold miners as the price of the precious metal hit a four-month high.

businessNews reuters.com

Fiat Chrysler CEO says no plans to sell brands to Chinese

DETROIT (Reuters) - Fiat Chrysler Automobiles NV's (FCA) has no intention of breaking up the company or selling individual brands to China or other parties, the company's chief executive said on Monday, adding that the group was counting on its coveted Jeep brand to drive future profits.

businessNews reuters.com

Oil hovers near three-year high despite rising U.S. output

CALGARY, Alberta (Reuters) - Oil hovered near a three-year high above $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, although analysts warned of a "red flag" due to surging U.S. production.

businessNews reuters.com

Lawsuit in U.S. accuses nine banks of rigging Canadian rate benchmark

NEW YORK/TORONTO (Reuters) - Nine large banks, including six from Canada, have been accused in a lawsuit of conspiring to rig a Canadian rate benchmark to improve profits from derivatives trading.

businessNews reuters.com

Fiat Chrysler boss says no plans to break up company

DETROIT (Reuters) - Fiat Chrysler Automobiles NV's CEO has no intention of breaking up the company or selling off individual brands to China or any other parties, he said on Monday, adding the group was counting on its coveted Jeep brand to drive profit.

businessNews reuters.com

Bidder for the Weinstein Company says bankruptcy may be best option

(Reuters) - Killer Content Inc, the movie producer that has partnered with philanthropist Abigail Disney in a consortium vying to acquire the Weinstein Company, said on Monday that a bankruptcy may be the best way forward for the U.S. film and TV studio.

businessNews reuters.com

Game of chicken: GM bets on Mexican-made pickup trucks

SILAO, Mexico/DETROIT (Reuters) - General Motors Co's assembly plant in Silao, a city in Mexico's automotive heartland, cranked out more than 400,000 highly profitable, large pickup trucks last year, and is critical to the launch of a new generation of Chevrolet Silverado trucks later this year.

businessNews reuters.com

Ryanair wants to buy parts of Austrian airline Niki

VIENNA (Reuters) - Irish airline Ryanair said on Monday it had contacted the Austrian administrator of insolvent holiday airline Niki to express its interest in buying some of its assets.

businessNews reuters.com

Oil hovers around $70, clouded by rise in U.S. output

CALGARY, Alberta (Reuters) - Oil hovered near a three-year high above $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, although analysts warned of "red flags" due to surging U.S. production.

businessNews reuters.com

U.S. automakers bet on diesel trucks after VW scandal

DETROIT (Reuters) - U.S. automakers are unveiling new diesel pickup trucks even as diesel sales have fallen sharply since Volkswagen AG's 2015 diesel emissions scandal.

worldNews reuters.com

Bahrain court upholds jail sentence against rights activist Rajab

DUBAI (Reuters) - Bahrain's top court on Monday upheld a two-year prison sentence imposed last year by a lower tribunal on rights campaigner Nabeel Rajab over comments he was alleged to have made to journalists, a rights group said.

businessNews reuters.com

Citi to raise pay for women and minorities in U.S., UK, Germany

(Reuters) - Citigroup Inc will increase compensation for women and minorities to bridge pay gaps in the United States, the United Kingdom and Germany, as part of its annual pay process this year, the Wall Street bank said on Monday.

companyNews reuters.com

UPDATE 2-European shares pause for breath; Carillion rivals gain

* UK small-cap Carillion collapses (Adds details, closing prices)

businessNews reuters.com

Carillion collapse hits banks and investors, boosts short sellers

LONDON (Reuters) - Leading British lenders including Barclays, the Royal Bank of Scotland and Lloyds Banking Group face the prospect of hundreds of millions of pounds in outstanding loans going unpaid from Carillion's collapse on Monday.

businessNews reuters.com

Britain's Carillion collapses after banks pull the plug

LONDON (Reuters) - Carillion collapsed on Monday when its banks pulled the plug, triggering Britain's biggest corporate failure in a decade and forcing the government to step in to guarantee public services from school meals to road works.

businessNews reuters.com

America Last? EU says Trump is losing on trade

BRUSSELS (Reuters) - The European Union's trade tsar has no idea what Donald Trump will tell his audience at the World Economic Forum in Davos next week, but she is clear what the EU's message to the U.S. president will be.

companyNews reuters.com

CANADA STOCKS-TSX rises with gold miners and pot producers

TORONTO, Jan 15 (Reuters) - Canada's main stock index rose in morning trade on Monday, boosted by a bounce-back in shares of cannabis producers and sharp gains for gold miners as bullion prices hit a four-month high.

businessNews reuters.com

UK government seeks to limit damage after Carillion collapses

LONDON (Reuters) - Britain's Carillion collapsed on Monday after its banks lost faith in the construction and services company, forcing the government to step in to guarantee major public works contracts.

businessNews reuters.com

Airbus wins 2017 order race after last-gasp sales spree

PARIS (Reuters) - Frenetic selling in the closing weeks of 2017 saw Airbus overhaul Boeing's recent lead in the global jet market to win their annual order contest for a fifth year in a row, though doubts remain over the future of its flagship A380.

businessNews reuters.com

BMW optimistic on favorable outcome to NAFTA talks

FRANKFURT (Reuters) - BMW is optimistic Washington's drive to renegotiate the North American Free Trade Agreement (NAFTA) will result in a deal that benefits the German carmaker, it said on Monday.

businessNews reuters.com

German carmakers eye further U.S. market share gains in 2018: VDA

DETROIT (Reuters) - German automakers expect to continue to grow market share in the United States this year thanks to a raft of new models, even as demand in the world's second largest car market is seen falling again slightly, Germany's VDA industry lobby said.

cnn.com

ICE pledges immigration crackdown on businesses. Here's what it looks like

businessNews reuters.com

Investors see few silver linings in Carillion collapse

LONDON (Reuters) - Investors struggled to find buying opportunities after the collapse of British construction and support services company Carillion on Monday, underscoring how risks have piled up for the whole industry.

businessNews reuters.com

HNA wins loan deadline extension to proceed with Hong Kong property project

HONG KONG (Reuters) - Chinese conglomerate HNA Group's [HNAIR.UL] Hong Kong International Investment unit has negotiated a six-month deadline extension for a loan linked to a land parcel in Hong Kong as its parent contends with growing debt challenges.

companyNews reuters.com

German carmakers eye further U.S. market share gains in 2018-VDA

DETROIT, Jan 15 (Reuters) - German automakers expect to continue to grow market share in the United States this year thanks to a raft of new models, even as demand in the world's second largest car market is seen falling again slightly, Germany's VDA industry lobby said.

companyNews reuters.com

UPDATE 1-Brazil's GPA posts revenue gains, but food deflation weighs

SAO PAULO, Jan 15 (Reuters) - Brazilian food retailer GPA SA said on Monday its fourth quarter net revenue rose 6.8 percent from last year to 12.5 billion reais ($3.91 billion) as a nascent consumer recovery boosted sales, although food deflation limited gains.

businessNews reuters.com

Lloyd's of London to open Brussels unit in early 2019: CEO

HONG KONG (Reuters) - Insurance market Lloyd's of London [SOLYD.UL], an integral part of the British business scene since the 17th century, is on track to start operations at its Brussels unit next January, its chief executive said on Monday.

businessNews reuters.com

Legendary U.S. investor Boone Pickens closes energy hedge fund after setbacks

(Paragraph 6 of this JAN. 12 story has been corrected after HSBC said the Andurand Commodities Fund gained 2.2 pct in 2017, instead of losing 4.47 pct)

businessNews reuters.com

Noble Group nets less than expected from oil unit sale to Vitol

LONDON (Reuters) - Struggling commodities trader Noble Group has completed the sale of its U.S.-focused oil business to the world's largest oil trader Vitol, but net proceeds from the deal are lower than a previously announced estimate, the company said on Monday.

businessNews reuters.com

Oil hovers below $70 highs, clouded by rise in U.S. output

LONDON (Reuters) - Oil hovered below a three-year high near $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, but analysts warned of "red flags" due to surging U.S. production.

companyNews reuters.com

EMERGING MARKETS-Record breaking Asia lifts stocks to 10-year high, yuan shines

LONDON, Jan 15 (Reuters) - Emerging markets started the week with the pedal to the metal on Monday, with the first record high for Asian stocks since 2007 and currencies from China's yuan to Mexico's peso and Russia's rouble rising against a sliding dollar.

companyNews reuters.com

UPDATE 1-European shares pause for breath; Carillion rivals gain

* UK small-cap Carillion collapses (Adds detail and quotes, updates prices)

businessNews reuters.com

Euro hits three-year high as Europe leads global optimism

LONDON (Reuters) - The euro hit a fresh three-year high on Monday as optimism around growth buoys expectations of tighter policy from central banks, while the chance of a pro-European coalition in Germany also boosted confidence in the continent.

businessNews reuters.com

Airbus aims to seize jet production crown from Boeing in 2020

PARIS (Reuters) - Airbus is three years away from recovering leadership of the commercial aircraft market by outproducing U.S. rival Boeing , its top planemaker predicted on Monday.

companyNews reuters.com

UPDATE 1-Singapore files more charges against Shell oil theft suspects

* Thefts are alleged to have been going on for months (Adds context, additional material)

businessNews reuters.com

Exclusive: China's JD.com targets $2 billion fundraising at logistics unit - sources

HONG KONG (Reuters) - China's second-biggest e-commerce firm JD.com has kicked off a fundraising round at its logistics unit with a target of at least $2 billion, and eventually plans to list the business overseas, people with direct knowledge of the matter said.

businessNews reuters.com

Britain's Carillion collapses, forcing government to step in

LONDON (Reuters) - Britain's Carillion collapsed on Monday after its banks lost faith in the construction and services company, throwing hundreds of major projects into doubt and forcing the government to step in to guarantee vital public services.

businessNews reuters.com

European shares pause for breath; Carillion rivals gain

LONDON (Reuters) - European stocks got off to a sluggish start on Monday following two weeks of gains, with cyclical stocks among the biggest decliners, while M&A remained in focus.

businessNews reuters.com

Toymaker Lego teams up with Chinese internet giant Tencent

COPENHAGEN (Reuters) - Danish toymaker Lego is teaming up with Chinese internet giant Tencent Holdings Ltd to jointly develop online games and potentially a social network aimed at Chinese children.

businessNews reuters.com

HNA's problems mount as airlines delay payments, bank sets up team to handle debt: sources

SHANGHAI/SINGAPORE (Reuters) - Some airlines affiliated with China's HNA Group Co Ltd are delaying aircraft lease payments to lessors, and Export-Import Bank of China, which is a long-term financer of the group, has formed a team to handle the conglomerate's liquidity issues, several banking and leasing sources said.

businessNews reuters.com

Brent crude oil rises to $70 on output cuts, ignores North America rig gains

SINGAPORE (Reuters) - Brent crude oil prices rose to $70 a barrel on Monday, supported by ongoing output cuts led by OPEC and Russia, and ignoring a rise in U.S. and Canadian drilling activity that points to higher future output in North America.

companyNews reuters.com

UPDATE 3-Brent crude oil rises to $70 on output cuts, ignores N.America rig gains

* Asia remains awash with refined fuel products (Re-leads with Brent at $70)

companyNews reuters.com

Nikkei rises but weaker dollar caps gains, SoftBank climbs

TOKYO, Jan 15 (Reuters) - Japan's Nikkei share average tracked a rise in global equities and advanced on Monday, although the dollar's weakening against the yen capped gains.

companyNews reuters.com

Singapore files more charges against Shell oil theft suspects

SINGAPORE, Jan 15 (Reuters) - A Singapore court on Monday filed additional charges against nine men accused in a large-scale oil theft at Shell's biggest refinery, the latest development in an extensive investigation in the city-state.

businessNews reuters.com

SoftBank considers IPO for Japan wireless unit, said to seek $18 billion

TOKYO (Reuters) - SoftBank Group Corp said on Monday it was considering listing its Japanese wireless business, seeking to raise a reported $18 billion in a move that would accelerate the conglomerate's transformation into one of the world's biggest tech investors.

companyNews reuters.com

PRESS DIGEST- Wall Street Journal - Jan 15

Jan 14 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

cnn.com

North and South Korea to meet again

High-level officials from North and South Korea are meeting again Monday -- a follow-up to last week's diplomatic breakthrough.

businessNews reuters.com

Ford plans $11 billion investment, 40 electrified vehicles by 2022

DETROIT (Reuters) - Ford Motor Co will significantly increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill Ford said on Sunday at the Detroit auto show.

businessNews reuters.com

Oil near three-year highs on output cuts despite rising North American rig count

SINGAPORE (Reuters) - Oil prices held just below December 2014 highs on Monday, supported by ongoing output cuts led by OPEC and Russia despite a rise in U.S. and Canadian drilling activity that points to higher future output in North America.

businessNews reuters.com

Singapore central bank head hopes cryptocurrency tech will survive 'crash'

SINGAPORE (Reuters) - The head of Singapore's central bank said on Monday he hoped the technologies underpinning cryptocurrencies such as blockchain would not be undermined by an eventual crash in the digital money.

Theater nytimes.com

Review: A Fantasy Town Builds a Wall Against Time in ‘Ballyturk’

Enda Walsh’s wild cosmic farce, in which two men act out the life of a fantasy village, finds the aching emptiness in words, words, words.

environmentNews reuters.com

Twenty now dead in California mudslides, major highway closed

LOS ANGELES (Reuters) - The death toll from Southern California mudslides that swallowed dozens of homes and forced the closure of a major highway along the picturesque Santa Barbara County coast rose to 20 on Sunday, with four other people still reported missing.

businessNews reuters.com

Asia shares hit historic highs, dollar slips anew

SYDNEY (Reuters) - Asian shares hit historic highs on Monday after Wall Street extended its record-breaking run, while the U.S. dollar retreat continued as investors priced in the risk of tighter policies elsewhere in the developed world.

businessNews reuters.com

SoftBank plans $18 billion IPO of mobile phone unit: Nikkei

TOKYO (Reuters) - SoftBank Group plans to list its mobile phone business and raise some US$18bn, the Nikkei newspaper has said, a spin-off that would complete the Japanese telecoms conglomerate's transformation into a global technology investor.

companyNews reuters.com

Nikkei tracks global equity surge, but weak dollar caps gains

TOKYO, Jan 15 (Reuters) - Japan's Nikkei share average tracked a rise in global equities and advanced on Monday, although the dollar's weakening against the yen capped gains.

businessNews reuters.com

VW to spend more than $3.3 billion through 2020 on U.S. model expansion

DETROIT (Reuters) - Volkswagen plans to spend more than $3.3 billion on development and production of new models in North America from 2018 to 2020 as the German group reboots operations in the world's second-largest auto market.

businessNews reuters.com

Oil dips away from 2014 highs on rising U.S. rig count, but analysts say market supported

SINGAPORE (Reuters) - Oil prices dipped on Monday as rising drilling activity in the United States pointed to higher future output, although output cuts led by OPEC and Russia as well as healthy demand kept crude near December 2014 highs reached last week.

businessNews reuters.com

Softbank plans $18 billion IPO of mobile phone unit this year: Nikkei

TOKYO (Reuters) - SoftBank Group Corp plans to list its mobile-phone business and raise some $18 billion, the Nikkei newspaper said, a spin-off that would complete the Japanese telecoms conglomerate's transformation into a global technology investor.

businessNews reuters.com

Ford plans $11 billion investment, 40 electric vehicles by 2022

DETROIT (Reuters) - Ford Motor Co will significantly increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill Ford said on Sunday at the Detroit auto show.

businessNews reuters.com

Asia shares hit historic high, dollar on defensive

SYDNEY (Reuters) - Asian shares hit historic highs on Monday as Wall Street extended its record-breaking run, while the U.S. dollar remained on the defensive as investors priced in the risk of tighter policies elsewhere in the rich world.

businessNews reuters.com

Ford ups electric vehicle plans to $11 billion by 2022: executive

(Reuters) - Ford Motor Co will increase significantly its planned investments in electric vehicles to $11 billion by 2022, Chairman Bill Ford told reporters on Sunday at the Detroit auto show.

worldNews reuters.com

Hundreds protest against austerity in Tunis, tear gas fired

TUNIS (Reuters) - Hundreds of Tunisians held anti-austerity demonstrations in the capital on Sunday and in one district police fired tear gas to disperse dozens of stone-throwing youths on the seventh anniversary of the ousting of former President Zine El Abidine Ben Ali.

businessNews reuters.com

VW brand car sales hit 6.23 million record in 2017

DETROIT (Reuters) - Volkswagen's core autos division increased vehicle sales to a new record last year, as rising demand for VW brand models in the Americas and the key Chinese market offset a decline in western Europe.

News and News Media nytimes.com

Trump Escalates a Dispute With The Wall Street Journal Over a Quotation

The president said he did not say “I probably have a very good relationship” with the North Korean leader, claiming he said “I’d.” It was difficult to tell from audio clips whether the complaint had merit.

worldNews reuters.com

Majority of Greeks against use of "Macedonia" in any solution to name dispute: poll

ATHENS (Reuters) - A majority of Greeks do not want the term "Macedonia" used in any solution to a long-running dispute over the former Yugoslav republic's name, a poll showed on Sunday.

businessNews reuters.com

Airbus in talks on 70-80 million euro deal to end German probe: paper

FRANKFURT (Reuters) - Airbus is in talks with German prosecutors to end an investigation into the sale of Eurofighter jets to Austria in exchange for a settlement of between 70 million and 80 million euros ($85 million to $98 million), a German newspaper reported.

companyNews reuters.com

RPT-Wall St Week Ahead-Investors green-light infrastructure trade, but expect road bumps

NEW YORK, Jan 12 (Reuters) - Volatility awaits shares of U.S. construction, engineering, building materials and other companies tied to infrastructure spending, but steel-nerved investors could be poised for gains if they weather a few bumps.

businessNews reuters.com

Airbus offers 70-80 million euro settlement to end German probe: paper

FRANKFURT (Reuters) - Airbus is in talks with German prosecutors to end an investigation into the sale of Eurofighter jets to Austria in exchange for a settlement of between 70 million and 80 million euros ($85 million to $98 million), a German newspaper reported.

Francis nytimes.com

As Pope Francis Heads to Chile and Peru, Argentina Feels Snubbed, Again

Nearly five years after moving to the Vatican, Pope Francis has steered clear of Argentina and its polarized politics, leaving many in his homeland feeling perplexed and dejected.

Deferred Action for Childhood Arrivals nytimes.com

DACA Participants Can Again Apply for Renewal, Immigration Agency Says

The government said it would comply with an order to resume accepting requests from immigrants brought illegally to the United States as children who were already in the program.

businessNews reuters.com

Ford unveils future Ranger pickup for segment rivals dominate

DETROIT (Reuters) - Ford Motor Co on Sunday will officially take the wraps off its long-awaited Ranger midsize pickup truck, a year ahead of its arrival in showrooms, as rivals consolidate positions in a segment Detroit automakers once gave up for dead.

businessNews reuters.com

After emissions scandal, Volkswagen on U.S. comeback trail with all-new Jetta

DETROIT (Reuters) - Volkswagen will launch an all-new Jetta compact car, its biggest seller in America, at the Detroit Auto Show on Sunday as the German carmaker looks to revive sales in the world's second-largest auto market and move on from the emissions scandal that has tarnished its reputation over the past few years.

businessNews reuters.com

China to step up banking oversight in 'arduous' fight on financial risks

BEIJING (Reuters) - China will step up oversight in the banking sector this year to reduce financial risks, the country's banking regulator said, stressing that long-term efforts would be needed to control banking sector chaos.

businessNews reuters.com

GM executives defend NAFTA, Mexican truck plant

DETROIT (Reuters) - General Motors Co Chief Executive Mary Barra expressed optimism on Saturday that the North American Free Trade Agreement would survive, and other senior GM executives stood by the company's plans to continue building trucks in Mexico.

worldNews reuters.com

Mexican journalist killed amid wave of violence against media

MEXICO CITY (Reuters) - A journalist was killed on Saturday in the northern Mexican state of Tamaulipas, adding to a wave of violence in one of the world's most dangerous countries for media workers.

worldNews reuters.com

Congo launches offensive against Ugandan rebels in its east

GOMA, Congo (Reuters) - Congolese troops began a military offensive in the eastern city of Beni on Saturday against the Allied Democratic Forces (ADF), a Ugandan rebel armed group blamed for an attack that killed 15 United Nations peacekeepers last month.

worldNews reuters.com

Hundreds of Poles protest against proposed abortion restrictions

WARSAW (Reuters) - Hundreds of Poles gathered in front of the parliament building in Warsaw on Saturday evening to protest against proposals for tight restrictions on abortion debated by lawmakers this week.

businessNews reuters.com

Airbus ordered to pay 104 million euros to settle Taiwan missile dispute

PARIS (Reuters) - Airbus said on Saturday it had been ordered to pay 104 million euros in fines over a missile sale to Taiwan in 1992, the latest French arms company to reach a settlement over disputes arising from one of France's biggest ever arms sales.

worldNews reuters.com

Thousands protest against Austrian government's shift to the right

VIENNA/ZURICH (Reuters) - Protesters took to the streets of Vienna on Saturday and called for members of the Austria's new right wing government to be boycotted by the rest of Europe.

businessNews reuters.com

Airbus says in talks to end German Eurofighter investigation

PARIS (Reuters) - Airbus said on Saturday it was in talks with Munich prosecutors that could lead to the termination of their investigation into alleged corruption in the sale of Eurofighter combat jets to Austria in 2003.

businessNews reuters.com

GM's new Chevy Silverado bids for more U.S. pickup profits

DETROIT (Reuters) - General Motors Co on Saturday will fire a new round in the battle for profits from one of the U.S. auto industry's most lucrative segments when it shows a new generation of its Chevrolet Silverado pickup truck at Detroit's auto show.

businessNews reuters.com

South African protesters ransack H&M stores over 'racist' ad

JOHANNESBURG (Reuters) - Protesters angered by a "racist" H&M advertisement ransacked several of the Swedish fashion group's South African stores on Saturday.

worldNews reuters.com

Left-wing German Social Democrats lobby against Merkel alliance

BERLIN (Reuters) - Left-wing German Social Democrats lobbied party members on Saturday against joining Chancellor Angela Merkel's conservatives in a re-run of their 2013-2017 alliance, a week before delegates are asked to back a coalition blueprint.

businessNews reuters.com

Adidas targets U.S. market share of 15-20 percent: paper

FRANKFURT (Reuters) - German sportswear maker Adidas wants to increase its U.S. market share to around 15-20 percent from levels that are now "significantly lower", its chief financial officer said.

Abortion nytimes.com

Push to End South Korea Abortion Ban Gains Strength, and Signatures

While the country’s ban on abortion is rarely enforced, the procedure is illegal with just a few exceptions, putting women at risk of prosecution and creating a culture of shame, activists say.

businessNews reuters.com

Air France denies involvement in bid to take over Alitalia

PARIS (Reuters) - Air France on Saturday denied that it had made an offer to buy the struggling airline Alitalia, a day after an Italian government minister said the French flag carrier had made a joint bid with budget airline EasyJet .

cnn.com

Iran threatens 'severe' response to US sanctions against judiciary chief

Iran slammed US President Donald Trump's decision to target the head of its judiciary with sanctions, saying the move warrants a "severe" response.

businessNews reuters.com

Wall Street hits new highs on earnings optimism, data

(Reuters) - Wall Street continued its rally on Friday with record closing highs as the fourth-quarter earnings season kicked off with solid results from banks and robust retail sales drove investor optimism about economic growth.

businessNews reuters.com

Indonesia central bank warns over cryptocurrencies

JAKARTA (Reuters) - Indonesia's central bank has issued a fresh warning about trading in cryptocurrencies like bitcoin because of the risk of losses to the public and even a potential threat to the stability of the financial system.

businessNews reuters.com

Deutsche Bank CEO sees far fewer than 4,000 Brexit-related moves: paper

DUESSELDORF (Reuters) - Deutsche Bank's chief executive expects to move far fewer than 4,000 jobs to Frankfurt following Britain's departure from the European Union, he told Swiss daily Neue Zuercher Zeitung.

topNews reuters.com

Las Vegas gunman emailed about bump stocks months before rampage: documents

(Reuters) - Three months before killing 58 people and wounding more than 500 in Las Vegas last October, the gunman behind the deadliest mass shooting in U.S. history sent emails discussing buying bump stocks, which can make semiautomatic rifles fire hundreds of rounds a minute, media reports on unsealed search warrants showed.

cnn.com

Late night mocks Trump's wall

Is Trump's "big" and "beautiful" border wall shrinking? CNN's Jeanne Moos reports.

businessNews reuters.com

Facebook's Sandberg, Twitter's Dorsey to leave Disney board

LOS ANGELES (Reuters) - Facebook Inc Chief Operating Officer Sheryl Sandberg and Twitter Inc Chief Executive Jack Dorsey will not seek re-election to Walt Disney Co's board because of conflicts of interest between the media giant and the technology companies, Disney said on Friday.

businessNews reuters.com

Ford to offer auto emergency braking on half its U.S. models in 2019

DETROIT (Reuters) - Ford Motor Co said on Friday it will offer automatic emergency braking on more than half its U.S. models in 2019, and that it is on track to equip all U.S. models with the device by 2022.

Clifford, Stephanie nytimes.com

Porn Star Who Claimed Sexual Encounter With Trump Received Hush Money, Wall Street Journal Reports

The $130,000 payment was reportedly made a month before the election. Mr. Trump “vehemently denies” the encounter happened, his lawyer told The Journal.

businessNews reuters.com

Volkswagen agrees to $232 million 3.0-liter Canadian emissions settlement

(Reuters) - Volkswagen AG has agreed to a settlement worth up to $232 million (C$290.5) with owners of vehicles in Canada affected by its diesel emissions-cheating scandal, the automaker said on Friday.

companyNews reuters.com

GLOBAL MARKETS-Dollar hits three-year low vs euro; Wall St hits new highs

* U.S. yields up on inflation, 2-year highest since 2008 crisis

businessNews reuters.com

Viacom, CBS not in active merger discussions: sources

(Reuters) - Viacom Inc and CBS Corp are not in active merger discussions, although controlling shareholder Shari Redstone has had exploratory conversations with CBS directors about recombining the companies, two sources familiar with the situation told Reuters on Friday.

companyNews reuters.com

RPT-EMERGING MARKETS-Brazil stocks brush off S&P downgrade; Mexican peso recovers

(Repeats with no change to headline or text) By Bruno Federowski SAO PAULO, Jan 12 (Reuters) - Brazil's benchmark index remained flat on Friday to hew close to its recent record high, shrugging off a sovereign ratings downgrade by Standard & Poor's, while Mexico's peso gained on market optimism that key trade talks will continue. S&P on Thursday cut Brazil's credit rating deeper into junk territory as doubts grew about a presidential election in October and a push to trim its costl

companyNews reuters.com

EMERGING MARKETS-Brazil stocks brush off S&P downgrade; Mexican peso recovers

(Updates prices, adds details on Mexican peso) By Bruno and Federowski SAO PAULO, Jan 12 (Reuters) - Brazil's benchmark index remained flat on Friday to hew close to its recent record high, shrugging off a sovereign ratings downgrade by Standard & Poor's, while Mexico's peso gained on market optimism that key trade talks will continue. S&P on Thursday cut Brazil's credit rating deeper into junk territory as doubts grew about a presidential election in October and a push to trim its

businessNews reuters.com

House Republicans want answers on Apple throttling older iPhone speeds: letter

WASHINGTON (Reuters) - Four U.S. House Republicans, including the chairman of the Energy and Commerce Committee, on Friday wrote Apple Inc chief executive Tim Cook asking him to answer questions about its disclosure that it slowed older iPhones with flagging batteries.

businessNews reuters.com

Viacom, CBS not in active discussions: sources

(Reuters) - Viacom Inc and CBS Corp are not in active merger discussions, although controlling shareholder Shari Redstone has had exploratory conversations with CBS directors about recombining the companies, two sources familiar with the situation told Reuters on Friday.

companyNews reuters.com

CANADA STOCKS-Lumber and gold stocks boost TSX, offset drop in pot stocks

TORONTO, Jan 12 (Reuters) - Canadian lumber companies and gold miners gained and the country's biggest marijuana producers fell sharply on Friday, leaving the main Toronto equity index slightly higher on the day but down for the week.

businessNews reuters.com

MoneyGram opens office in Brussels

(Reuters) - The U.S. money-transfer company MoneyGram International Inc confirmed on Friday that it had opened an office in Brussels and National Bank of Belgium had granted it license as a payment provider.

businessNews reuters.com

Wall St. hits new highs on earnings optimism, data

(Reuters) - Wall Street continued its rally on Friday with record closing highs as the fourth-quarter earnings season kicked off with solid results from banks and robust retail sales drove investor optimism about economic growth.

businessNews reuters.com

D.E. Shaw takes stake in Lowe's: CNBC

(Reuters) - Hedge fund D.E. Shaw & Co has built an active stake in home improvement chain Lowe's Cos Inc , CNBC reported on Friday, citing sources.

companyNews reuters.com

GLOBAL MARKETS-Dollar at 3-yr low vs euro; stocks extend record run

* U.S. yields up on inflation, 2-year highest since 2008 crisis

businessNews reuters.com

Fiat Chrysler recalls 162,000 minivans over glitch that may cause stall

WASHINGTON (Reuters) - Fiat Chrysler Automobiles NV said on Friday it was recalling more than 162,000 2017 Chrysler Pacifica minivans because a software glitch may cause the vehicles to stall.

Trump, Donald J nytimes.com

Trump Administration Wants More Control Over U.S. Lands for Border Wall

“This should set off all kinds of red flags,” said one advocate, fearing the land grab will violate civil liberties. Others say it will harm the environment.

businessNews reuters.com

Wall St. scales record highs on earnings optimism, data

(Reuters) - Wall Street continued its rally on Friday as fourth-quarter earnings season kicked off with solid results from banks and robust retail sales drove gains for consumer stocks.

companyNews reuters.com

US STOCKS-Wall St scales record highs on earnings optimism, data

* Rising rents, healthcare costs boost underlying U.S. inflation

businessNews reuters.com

U.S. top court to decide if online retailers must collect state sales tax

WASHINGTON (Reuters) - The U.S. Supreme Court on Friday agreed to decide whether to expand the ability of states to require online retailers to collect sales tax, taking up South Dakota's dispute with three e-commerce companies.

cnn.com

The new Facebook feed is rattling Wall Street

businessNews reuters.com

U.S. airlines November on-time rates highest in eight years

NEW YORK (Reuters) - U.S. airlines in November had their highest on-time arrival rates in eight years, the U.S. Department of Transportation said on Friday, setting another watermark in a record-breaking year for safety and performance.

businessNews reuters.com

CVS plans to keep Aetna's headquarters in Connecticut

NEW YORK (Reuters) - CVS Health Inc said on Friday that it plans to keep Aetna Inc's headquarters in Connecticut after it completes its $69 billion acquisition of the U.S. health insurer.

businessNews reuters.com

Alibaba's Taobao again on U.S. blacklist list for fakes

(Reuters) - The U.S. Trade Representative put Alibaba's Taobao on its blacklist for the second year in a row over suspected counterfeits sold on the shopping platform, a move the Chinese e-commerce giant said did not reflect its IP-protection efforts.

environmentNews reuters.com

Make security strategy include climate again, lawmakers urge Trump

WASHINGTON (Reuters) - A group of more than 100 bipartisan lawmakers in the U.S. House urged President Donald Trump on Friday to reconsider the omission of climate change from his administration's national security strategy, saying it is a step backward on science.

businessNews reuters.com

Mnuchin sees $1 trillion revenue growth from tax overhaul

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Friday he believed the Republican tax cuts will ultimately become revenue neutral over 10 years due to higher growth, but the Treasury will likely ask Congress for more money to implement the plan.

businessNews reuters.com

Goldman thwarts fraud class action tied to Abacus CDO: U.S. appeals court

NEW YORK (Reuters) - A U.S. appeals court said a shareholder lawsuit accusing Goldman Sachs Group Inc of fraudulently claiming to put client interests before its own when creating risky subprime securities before the financial crisis, including a collateralized debt obligation known as Abacus, cannot proceed as a class action.

businessNews reuters.com

Wall St. scales record highs on earnings optimism, robust data

(Reuters) - Wall Street rose to record highs on Friday as fourth-quarter earnings season kicked off with solid results from JPMorgan and BlackRock and robust retail sales drove gains for consumer stocks.

businessNews reuters.com

Wells Fargo sees no end yet to sales scandal costs, gets tax boost

NEW YORK (Reuters) - Wells Fargo & Co is not certain it has fully uncovered and fixed all problems related to a long-running sales scandal that has hurt the bank's reputation and sideswiped its efforts to cut costs, Chief Executive Tim Sloan said on Friday.

companyNews reuters.com

US STOCKS-Wall St scales record highs on earnings optimism, robust data

* Consumer prices rise 0.3 pct in Dec. vs est. rise of 0.2 pct

topNews reuters.com

Turkey warns citizens against travel to U.S. in tit-for-tat move

ANKARA (Reuters) - Turkey has warned its citizens against travel to the United States, saying Turks face the risk of arbitrary arrest and should take precautions if they do decide to travel, the latest tit-for-tat volley in a diplomatic feud between the NATO allies.

businessNews reuters.com

Rising rents, healthcare costs boost underlying U.S. inflation

WASHINGTON (Reuters) - Underlying U.S. consumer prices recorded their largest increase in 11 months in December on strong gains in the cost of rental accommodation and healthcare, bolstering expectations that inflation will accelerate this year.

businessNews reuters.com

Wall Street surges as consumer and bank stocks gain

(Reuters) - Wall Street's main indexes surged on Friday as strong results for JPMorgan lifted financial stocks and robust retail sales data drove gains in consumer stocks.

businessNews reuters.com

Legendary investor Boone Pickens closes energy hedge fund amid setbacks

HOUSTON (Reuters) - Legendary investor T. Boone Pickens said on Friday he has closed his Dallas-based energy hedge fund amid health and financial setbacks.

companyNews reuters.com

BRIEF-Primeline Energy Holdings Granted Interim Injunction Against CNOOC and CCL

* PRIMELINE ENERGY HOLDINGS - GRANTED INTERIM INJUNCTION RELATED TO ARBITRATION PROCEEDINGS ENGAGED IN AGAINST CHINA NATIONAL OFFSHORE OIL & CNOOC CHINA LTD Source text for Eikon: Further company coverage:

businessNews reuters.com

U.S. agency probing 2018 VW Tiguan for seat belt issue: statement

WASHINGTON (Reuters) - The U.S. National Highway Traffic Safety Administration said Friday it has opened a preliminary investigation into whether seat belts on new 2018 Volkswagen Tiguan sport utility vehicles could fail during a crash.

businessNews reuters.com

Federal Reserve fines five banks to wrap up mortgage servicing charges

WASHINGTON (Reuters) - The Federal Reserve fined five large U.S. banks a combined $35.1 million to settle cases of mortgage servicing flaws dating back to 2011.

companyNews reuters.com

CANADA STOCKS-TSX little changed; rise in lumber offsets drop in pot stocks

TORONTO, Jan 12 (Reuters) - Canadian lumber companies jumped and the country's marijuana producers fell on Friday, while heavyweight resource and financial stocks also moved in different directions, leaving the main Toronto equity index little changed in morning trading.

businessNews reuters.com

Wall Street higher as consumer and bank stocks gain

(Reuters) - Wall Street's main indexes were higher on Friday as strong December retail sales data drove gains in consumer stocks and bank results pushed up the financial sector.

businessNews reuters.com

Mnuchin sees $1 trillion revenue growth from U.S. tax overhaul

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Friday that he believes the Republican tax cuts will ultimately become revenue neutral over 10 years due to higher growth, but the Treasury will likely ask Congress for more money to implement the plan.

companyNews reuters.com

CANADA STOCKS-TSX flat as resource stock losses offset lumber jump

TORONTO, Jan 12 (Reuters) - Canada's main stock index opened flat on Friday, as resources stocks and marijuana producers weighed, lumber companies bounced higher and an oil and gas explorer jumped after announcing a reduced capital spending plan.

businessNews reuters.com

S&P, Dow open higher as bank shares rise

(Reuters) - The S&P and the Dow opened higher on Friday on gains in banking shares, while the Nasdaq was dragged 5 percent lower by losses in Facebook.

businessNews reuters.com

Year of policy tightening set for early Canadian test

DUBLIN (Reuters) - The Bank of Canada will get the first crack in the coming week at demonstrating whether, as many expect, monetary policy among the world's major economies is set to tighten more in 2018 than in any year since the crisis.

businessNews reuters.com

Rents boost U.S. core CPI; retail sales rise solidly

WASHINGTON (Reuters) - Underlying U.S. consumer prices recorded their largest increase in 11 months in December amid strong gains in the cost of rental accommodation and healthcare, bolstering expectations that inflation will accelerate this year.

businessNews reuters.com

Wells Fargo adds $3.25 billion to consumer legal bill in fourth quarter

(Reuters) - Wells Fargo & Co set aside $3.25 billion in the fourth quarter to cover legal expenses related to probes into its mortgage and sales practices, but its 2018 cost outlook met analyst expectations as the bank tries to rebound from the scandal in its consumer banking business.

businessNews reuters.com

JPMorgan says tax changes will spur more profits after quarterly beat

(Reuters) - JPMorgan Chase & Co beat Wall Street's fourth-quarter earnings expectations on Friday and said tax law changes will help future profits by not only reducing the amount it pays the federal government but also by stimulating more business.

businessNews reuters.com

Canada welcomes Trump suggestion of NAFTA deadline extension

LONDON, Ontario (Reuters) - Canada welcomes the suggestion by U.S. President Donald Trump that the deadline for concluding talks to modernize NAFTA could be extended beyond the end of March, Foreign Minister Chrystia Freeland told reporters on Friday.

businessNews reuters.com

U.S. retail sales rise; core sales revised sharply higher

WASHINGTON (Reuters) - U.S. retail sales increased in December as households bought a range of goods and figures for the prior month were revised higher, suggesting the economy exited 2017 with strong momentum.

businessNews reuters.com

Facebook shares slip after News Feed overhaul

(Reuters) - Shares of Facebook Inc fell 4 percent on Friday after Chief Executive Mark Zuckerberg announced changes to the platform's centerpiece News Feed that he said would hit user engagement in the near term.

companyNews reuters.com

REFILE-Bulls push huge flows into stocks, EM & corporate debt -BAML

LONDON, Jan 12 (Reuters) - Global investors kicked off 2018 with "blockbuster" inflows into equities, corporate bonds and emerging market debt, Bank of America Merrill-Lynch (BAML) said, warning its key risk indicator could soon flash sell signals.

businessNews reuters.com

Wells Fargo profit boosted by one-time tax benefit

(Reuters) - Wells Fargo & Co posted an 18 percent rise in fourth-quarter profit on Friday, driven by a one-time tax benefit related to President Donald Trump's new tax laws.

businessNews reuters.com

JPMorgan profit beats on higher interest rates; debt trading down

(Reuters) - JPMorgan Chase & Co , the biggest U.S. bank by assets, reported a higher-than-expected quarterly profit on Friday as gains in net interest income offset a slowdown in trading revenue.

businessNews reuters.com

Futures rise as investors assess big bank earnings

(Reuters) - U.S. stock futures rose and pointed to a positive open for Wall Street on Friday as investors digested fourth-quarter earnings reports from big U.S. lenders.

companyNews reuters.com

US STOCKS- Futures rise as investors assess big bank earnings

Jan 12 (Reuters) - U.S. stock futures rose and pointed to a positive open for Wall Street on Friday as investors digested fourth-quarter earnings reports from big U.S. lenders.

businessNews reuters.com

BlackRock profit beats as ETFs attract more investment

(Reuters) - BlackRock Inc on Friday reported a better-than-expected quarterly profit, as investors flooded into the world's biggest asset manager's exchange-traded funds (ETFs).

businessNews reuters.com

China's COFCO makes painful cuts in drive to lead global food trade

LONDON/PARIS/BEIJING (Reuters) - China's COFCO International is in the throes of a staffing upheaval as the group pursues its professed ambition of sitting at the top table of global agricultural traders.

businessNews reuters.com

Some Chinese Apple users warned by firm on dodging new data law

BEIJING (Reuters) - Some Chinese users of Apple Inc's products who have created Apple IDs overseas to circumvent a new law that requires their personal data to be stored within China say they have been warned by the tech giant that they risk losing the data.

businessNews reuters.com

BlackRock profit beats as ETFs attract more investments

(Reuters) - BlackRock Inc on Friday reported a better-than-expected quarterly profit, as the world's biggest asset manager pulled in more money to its exchange-traded funds (ETFs).

businessNews reuters.com

Global stocks recover from wobble as ECB sends euro, yields higher

LONDON (Reuters) - World stocks scaled fresh peaks on Friday while the euro hit a three-year high and Bund yields rose as progress on forming a German government gave fresh impetus to a bond market sell-off triggered by signs the ECB may accelerate an end to its stimulus.

businessNews reuters.com

China cracks down on foreign companies calling Taiwan, other regions countries

SHANGHAI (Reuters) - China's aviation authority on Friday demanded an apology from Delta Air Lines for listing Taiwan and Tibet as countries on its website, while another government agency took aim at Inditex-owned fashion brand Zara and medical device maker Medtronic Plc for similar issues.

companyNews reuters.com

GLOBAL MARKETS-Stocks recover from wobble as ECB sends euro, yields higher

* ECB's exit from stimulus: http://reut.rs/2CT37SI (Updates prices, adds U.S. futures)

businessNews reuters.com

BMW hits 2017 sales record but Mercedes keeps lead

BERLIN (Reuters) - BMW reported record sales last year on strong demand for its sport-utility vehicles and the overhauled 1-Series compact but was outsold by Mercedes-Benz, keeping the order in the three-way German luxury sales race unchanged.

cnn.com

Analysis: Trump's 56 most memorable lines from his Wall Street Journal interview

President Donald Trump sat for an interview with the Wall Street Journal on Thursday. While the interview was quickly eclipsed by Trump's comment that immigrants were coming from "shithole countries," it is still a very interesting read.

businessNews reuters.com

Delta Air Lines apologizes after listing Taiwan, Tibet as countries on website

SHANGHAI (Reuters) - Delta Air Lines apologized on Friday and said it recognized the seriousness of the issue after it was criticized by the Chinese aviation regulator for listing Taiwan and Tibet as countries on its website.

companyNews reuters.com

EMERGING MARKETS-Emerging stocks set for fifth week of gains

LONDON, Jan 12 (Reuters) - Emerging market stocks surged almost one percent on Friday and were set for a fifth straight week of gains after a mid-week spike in U.S. Treasury yields abated and oil prices held near 3-year highs.

businessNews reuters.com

Global stocks recover as bond jitters retreat, euro hits 3-year high

LONDON (Reuters) - World stocks scaled fresh peaks on Friday while the euro hit a three-year high and Bund yields rose as progress on forming a German government gave fresh impetus to a bond market sell-off triggered by signs the ECB may accelerate an end to its stimulus.

companyNews reuters.com

GLOBAL MARKETS-Stocks recover as bond jitters retreat, euro hits 3-year high

LONDON, Jan 12 (Reuters) - World stocks scaled fresh peaks on Friday while the euro hit a three-year high and Bund yields rose as progress on forming a German government gave fresh impetus to a bond market sell-off triggered by signs the ECB may accelerate an end to its stimulus.

sportsNews reuters.com

Golf: Last-gasp Li birdie helps Asia take lead against Europe

KUALA LUMPUR (Reuters) - China's Li Haotong held his nerve to birdie his final hole and give hosts Asia a slender lead over champions Europe on the opening day of the 2018 EurAsia Cup in Kuala Lumpur on Friday.

businessNews reuters.com

Mitsubishi recalls 16,515 cars in Russia: Rosstandart

MOSCOW (Reuters) - Russia's standards agency Rosstandart said on Friday it had been informed about the recall of 16,515 Mitsubishi cars sold in Russia between April 2013 and February 2016.

businessNews reuters.com

China demands public apology from Delta for listing Taiwan, Tibet as countries

SHANGHAI (Reuters) - China's aviation authority on Friday said it had asked Delta Air Lines to investigate why Taiwan and Tibet were listed as countries on its website, and demanded an "immediate and public" apology.

companyNews reuters.com

BRIEF-UMC Files Patent Infringement Lawsuits Against Micron Technology's Affiliates in China

* SAYS IT FILES THREE PATENT INFRINGEMENT LAWSUITS AGAINST FIRMS INCLUDING XIAN AND SHANGHAI AFFILIATES OF MICRON TECHNOLOGY INC

companyNews reuters.com

Nikkei edges lower; Fast Retailing's gains limit losses

TOKYO, Jan 12 (Reuters) - Japan's Nikkei share average edged lower on Friday as weakness in exporters weighed on the index, but strong gains in index-heavy Fast Retailing on record quarterly profit limited the losses.

businessNews reuters.com

Explainer: Investors to scour outlooks for U.S. companies' tax cut plans

NEW YORK (Reuters) - Corporate results for 2017's final quarter will start pouring in next week and are expected to be laden with one-time charges as U.S. companies begin to cope with tax code changes, including a one-time tax on trillions of dollars in profits held overseas.

businessNews reuters.com

Investors green-light infrastructure trade, but expect road bumps

NEW YORK (Reuters) - Volatility awaits shares of U.S. construction, engineering, building materials and other companies tied to infrastructure spending, but steel-nerved investors could be poised for gains if they weather a few bumps.

companyNews reuters.com

Wall St Week Ahead-Investors green-light infrastructure trade, but expect road bumps

NEW YORK, Jan 12 (Reuters) - Volatility awaits shares of U.S. construction, engineering, building materials and other companies tied to infrastructure spending, but steel-nerved investors could be poised for gains if they weather a few bumps.

businessNews reuters.com

No pedal to the metal in GM's planned self-driving Cruise AV car

DETROIT (Reuters) - General Motors Co is seeking U.S. government approval for a fully autonomous car - one without a steering wheel, brake pedal or accelerator pedal - to enter the automaker's first commercial ride-sharing fleet in 2019, executives said.

businessNews reuters.com

Chinese bitcoin miners eye sites in energy-rich Canada

MONTREAL/SHANGHAI (Reuters) - China's Bitmain Technologies is eyeing bitcoin mining sites in Quebec, a company spokesman told Reuters, as expectations of a potential Chinese crackdown on cryptocurrency mining make the energy-rich Canadian province an attractive alternative.

businessNews reuters.com

Stocks resume ascent on earnings hopes, euro gets lift from ECB

TOKYO (Reuters) - Asian stocks resumed their ascent on Friday, supported by U.S. earnings optimism and a rise in oil prices while the euro edged higher as the European Central Bank signaled an end to its massive stimulus.

companyNews reuters.com

GLOBAL MARKETS-Stocks resume ascent on earnings hopes, euro gets lift from ECB

TOKYO, Jan 12 (Reuters) - Asian stocks resumed their ascent on Friday, supported by U.S. earnings optimism and a rise in oil prices while the euro edged higher as the European Central Bank signalled an end to its massive stimulus.

companyNews reuters.com

Nikkei nearly flat, Fast Retailing's gains offset weak exporters

TOKYO, Jan 12 (Reuters) - Japan's Nikkei share average was nearly flat on Friday morning, with weakness in exporters countered by strong gains in index-heavy Fast Retailing after the clothing company posted record quarterly profit.

environmentNews reuters.com

China's capital issues first major smog alert of winter

BEIJING (Reuters) - Beijing issued its first major smog alert of the winter for the capital, triggering stringent measures to curb output of heavy industry as plunging temperatures spurred heating demand.

cnn.com

Opinion: Trump wants to make America his kind of great again

President Trump's outrageous remark about immigration leaves us stunned -- embarrassed for him and for this country.

companyNews reuters.com

PRECIOUS-Gold up on weaker dollar, heads for 5th gain on week

Jan 12 (Reuters) - Gold prices rose for a third straight session on Friday on a weaker dollar, with the precious metal on track for a fifth straight weekly gain. FUNDAMENTALS * Spot gold edged up 0.1 percent to $1,324 an ounce by 0100 GMT. Prices hit a near four-month high of $1,326.56 an ounce on Wednesday. * Spot gold has risen 0.3 percent so far this week. * U.S. gold futures were up 0.2 percent at $1,324.60 an ounce. * The dollar index

businessNews reuters.com

Global stocks resume ascent on earnings hopes, euro gets lift from ECB

TOKYO (Reuters) - Asian stocks resumed their ascent on Friday, supported by U.S. earnings optimism and a rise in oil prices while the euro edged higher as the European Central Bank signalled an end to its massive stimulus.

Ford, Harold E Jr nytimes.com

A Wall St. Executive’s Downfall Seemed Sudden. It Was Years in the Making.

A female reporter accused Harold E. Ford Jr., a former congressman, of inappropriate behavior. Morgan Stanley found no proof but fired him. How one Wall Street firm responded to misconduct allegations.

businessNews reuters.com

Facebook, Alphabet shifted in sector classification system

SAN FRANCISCO (Reuters) - S&P Dow Jones Indices and MSCI said on Thursday they would rename their Telecommunication Services Sector and add Comcast Corp, Netflix, Facebook and Alphabet to the newly broadened category.

Skyscraper Museum nytimes.com

Design Review: When Wall Street Was Unoccupied

At the Skyscraper Museum, a reminder of how Lower Manhattan was recast in the 1990s as a residential and cultural destination.

companyNews reuters.com

EMERGING MARKETS-Mexican peso edges higher amid NAFTA uncertainty

(Recasts with Mexican peso, updates prices) MEXICO CITY, Jan 11 (Reuters) - The Mexican peso strengthened slightly on Thursday, even as U.S. Treasury Secretary Steven Mnuchin acknowledged that the United States may pull out of the North American Free Trade Agreement (NAFTA). The peso weakened significantly on Wednesday after a Reuters report said Canada increasingly believes that President Donald Trump will soon announce his intention to withdraw from NAFTA. The move would be a sev

businessNews reuters.com

FCC pauses review of Sinclair's plan to buy Tribune Media Co

WASHINGTON (Reuters) - The Federal Communications Commission said on Thursday that it was pausing its review of Sinclair Broadcast Group Inc's plan to buy Tribune Media Company .

businessNews reuters.com

Corporations may dodge billions in U.S. taxes through new loophole: experts

WASHINGTON (Reuters) - A loophole in the new U.S. tax law could allow multinational corporations like Apple Inc to avoid paying billions of dollars in taxes on profits stashed overseas, according to experts.

businessNews reuters.com

Fiat Chrysler to invest $1 billion in Michigan plant, add 2,500 jobs

DETROIT (Reuters) - Fiat Chrysler Automobiles said on Thursday it will shift production of Ram heavy-duty pickup trucks from Mexico to Michigan in 2020, a move the automaker said was enabled "by the passage of U.S. tax reform legislation" in December.

cnn.com

Trump: I'll use NAFTA talks to make Mexico pay for the wall

President Donald Trump signaled Thursday that he is willing, if necessary, to use the NAFTA negotiations to make good on his promise for that Mexico will pay for a border wall.