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Old hands in South Korea Bitcoin market unfazed by threats of ban

SEOUL/HONG KONG (Reuters) - Threats of a potential cryptocurrency trading ban in South Korea have scared many investors away, but some veterans of the young market are defiant, saying restrictions would be relatively easy to circumvent.

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BRIEF-BeiGene prices follow-on offering of 7.4 mln American depositary shares at $101 per ADS

* ‍PRICING OF FOLLOW-ON PUBLIC OFFERING OF 7. 4 MILLION AMERICAN DEPOSITARY SHARES AT A PRICE TO PUBLIC OF $101.00 PER ADS​ Source text for Eikon: Further company coverage:

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BRIEF-Toll Brothers prices offering of $400 mln of Senior Notes

* ‍PRICED AN UNDERWRITTEN PUBLIC OFFERING OF $400 MILLION OF 4.350% SENIOR NOTES DUE 2028​

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BRIEF-Trican Well Service prices upsized underwritten secondary offering at $18.25 per share​

* TRICAN WELL SERVICE-PRICING OF UPSIZED UNDERWRITTEN SECONDARY OFFERING WHICH INCLUDES TRICAN OF 13.3 MILLION SHARES OF KEANE GROUP'S STOCK AT $18.25 PER SHARE​ Source text for Eikon: Further company coverage:

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Peugeot CEO outlines ambitious plan to re-enter U.S., go electric

DETROIT (Reuters) - Peugeot SA Chief Executive Carlos Tavares said on Wednesday the French automaker is using the know-how of former Opel engineers acquired from General Motors Co to develop vehicles to re-enter the U.S. market, and said Peugeot will offer electrification as an option on all its vehicles by 2025.

businessNews reuters.com

Asia stocks reach record highs after Wall St. surge, dollar edges back

TOKYO (Reuters) - Asian stocks struck record highs on Thursday, with a rally by Wall Street supporting bullish investor sentiment, while the dollar pulled back from three-year lows as comments by European Central Bank officials tempered the euro's recent rally.

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GLOBAL MARKETS-Asia stocks reach record highs after Wall St surge, dollar edges back

* MSCI Asia-Pacific index hits record high, Nikkei at 26-yr peak

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Intel: Problem in patches for Spectre, Meltdown extends to newer chips

(Reuters) - Data center computers with Intel Corp's newer chips might reboot more often than normal because of problems with the patches issued to fix the so-called Spectre and Meltdown security flaws, the company said on Wednesday.

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Peugeot CEO: All PSA vehicles will electrified by 2025

DETROIT (Reuters) - Peugeot SA Chief Executive Carlos Tavares said on Wednesday that by 2025 "the PSA Group will be 100 percent electrified," and will offer "no less than 40 electrified vehicles."

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Trump says solar tariff decision coming soon, stakes huge for industry

LOS ANGELES/WASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday he would announce a decision soon on whether to slap tariffs on imported solar panels, and quipped that when countries dump subsidized panels in the United States, “Everybody goes out of business.”

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BRIEF-One Madison Corp Prices IPO Of 30 Mln Units At $10.00 Per Unit​

* ONE MADISON CORP. ANNOUNCES PRICING OF $300,000,000 INITIAL PUBLIC OFFERING

businessNews reuters.com

Asia stocks near record highs after Wall St. surge, dollar edges back

TOKYO (Reuters) - Asian stocks were near record highs on Thursday, with a rally by Wall Street supporting bullish investor sentiment, while the dollar pulled back from three-year lows as the euro's recent rally lost steam.

sportsNews reuters.com

Golf: Rahm returns to California a year older and much wiser

(Reuters) - Jon Rahm and Phil Mickelson head into this week's CareerBuilder Challenge with their careers heading in opposite directions.

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BRIEF-Intel Says Firmware For Exploits Issued To 90 pct Of Intel CPUs Introduced In Past 5 Years‍​

* FIRMWARE UPDATES AND INITIAL PERFORMANCE DATA FOR DATA CENTER SYSTEMS‍​

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Big portion of future GM electric vehicles for China market: executive

DETROIT (Reuters) - General Motors Co's China unit will sell a "substantial portion" of the automaker's future electric vehicles, GM China President Matt Tsien said on Wednesday.

businessNews reuters.com

Exclusive: Japan in driver's seat for Indian bullet train deals

NEW DELHI/TOKYO (Reuters) - Japanese steel and engineering companies are in the driver's seat to bag major supply contracts for a $17 billion Indian bullet train, several sources said, undermining a key component of Prime Minister Narendra Modi's economic policy - a push to 'Make in India'.

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GLOBAL MARKETS-Asia stocks near record highs after Wall St surge, dollar edges back

* MSCI Asia-Pacific index hits record high, Nikkei at 26-yr peak

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UPDATE 1-Woodside Petroleum expects FY output to grow by up to 6.6 pct

Jan 18 (Reuters) - Woodside Petroleum said on Thursday it expects 2018 annual production to grow by up to 6.6 percent, while liquefied natural gas (LNG) prices in the first quarter should reflect higher oil prices from the final quarter of last year.

businessNews reuters.com

Verizon says new U.S. tax law to increase fourth-quarter earnings

NEW YORK (Reuters) - Verizon Communications Inc said on Wednesday the tax overhaul bill signed into law by U.S. President Donald Trump late last year will result in a one-time reduction in net deferred income tax liabilities of about $16.8 billion.

cnn.com

VA apologizes after surgery that allegedly left scalpel inside veteran for years

The Veterans Affairs Department has apologized following an incident where a scalpel was allegedly left inside the body of a veteran for years following surgery.

businessNews reuters.com

Alcoa misses estimate as Brazil drought hits production

(Reuters) - Aluminum producer Alcoa Corp's profit and revenue both missed market estimates for the fourth quarter as a drought in Brazil hit bauxite production and higher power prices in Spain boosted expenses, the company said on Wednesday.

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Fed fines Taiwan's Mega Bank $29 million for anti-money laundering failures

WASHINGTON (Reuters) - The U.S. Federal Reserve Board said on Wednesday it had fined Taiwan's Mega International Commercial Bank Co. $29 million for anti-money laundering violations and required the company to improve its anti-money laundering oversight and controls.

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UPDATE 1-Husky ordered to halt SeaRose operation after iceberg close call

CALGARY, Alberta, Jan 17 (Reuters) - Canadian regulators on Wednesday ordered Husky Energy to suspend operations on its 27,000-barrel-per-day SeaRose floating production vessel off the coast of eastern Canada after an iceberg came too close to the facility in March 2017.

businessNews reuters.com

Verizon says new U.S. tax law to increase 4th-qtr earnings

NEW YORK (Reuters) - Verizon Communications Inc said on Wednesday the tax overhaul bill signed into law by U.S. President Donald Trump late last year will result in a one-time reduction in net deferred income tax liabilities of about $16.8 billion.

cnn.com

Obama team bids wistful farewell in 'The Final Year'

Designed to make President Obama's supporters wistful and seemingly to irritate President Trump, "The Final Year" is an intriguing if overtly nostalgic fly-on-the-wall glimpse into the last year of the former's presidency, chronicled through the perspective of his national-security team.

businessNews reuters.com

Apple plans new U.S. campus, to pay $38 billion in foreign cash taxes

(Reuters) - Apple Inc will open a new campus as part of a 5-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. President Donald Trump.

businessNews reuters.com

Dow ends above 26,000 on earnings optimism

NEW YORK (Reuters) - U.S. stocks jumped on Wednesday and the Dow closed above 26,000 for the first time as investors' expectations for higher earnings lifted stocks across sectors.

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BRIEF-Itron Prices Offering Of Additional $100 Mln 5.000% Senior Notes Due 2026

* ITRON, INC. PRICES OFFERING OF ADDITIONAL $100 MILLION OF 5.000% SENIOR NOTES DUE 2026

businessNews reuters.com

Apple issues $2,500 bonuses to employees after new tax law: Bloomberg

(Reuters) - Apple Inc told its employees on Wednesday that the iPhone maker is issuing a bonus of $2,500 worth of restricted stock units following the new U.S. tax reform, Bloomberg reported, citing people familiar with the matter.

worldNews reuters.com

Exclusive: Trump denies U.S. embassy to be moved to Jerusalem within a year

WASHINGTON (Reuters) - President Donald Trump denied on Wednesday that the planned relocation of the U.S. embassy in Israel to Jerusalem would take place within a year, after Prime Minister Benjamin Netanyahu said he expected the controversial move to happen by then.

businessNews reuters.com

Exclusive: Trump considers big 'fine' over China intellectual property theft

WASHINGTON (Reuters) - President Donald Trump said on Wednesday the United States was considering a big "fine" as part of a probe into China's alleged theft of intellectual property, the clearest indication yet that his administration will take retaliatory trade action against China.

businessNews reuters.com

Shari Redstone explores adding new CBS directors: WSJ

(Reuters) - Shari Redstone has discussed adding new directors to the board of CBS Corp as she renews her push to merge the company with Viacom Inc, The Wall Street Journal reported Wednesday.

businessNews reuters.com

Regulatory fears hammer bitcoin below $10,000, half its peak

LONDON/TOKYO (Reuters) - Bitcoin fell as much as 20 percent on Wednesday, piercing below $10,000, while other cryptocurrencies took similar spills due to investor fears that regulators could clamp down on them in an effort to curb speculation.

businessNews reuters.com

Apple plans second U.S. campus, to pay $38 billion in foreign cash taxes

(Reuters) - Apple Inc will open a second U.S. campus as part of a 5-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. President Donald Trump.

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Major shareholder demands Xerox disclose JV agreement with Fuji

(Reuters) - Major Xerox Corp shareholder Darwin Deason has urged the photocopier pioneer to make public its joint venture agreement with Japan's Fujifilm Holdings Corp , saying U.S. securities laws require it should do so.

businessNews reuters.com

FTC investigating Broadcom for antitrust practices

(Reuters) - The Federal Trade Commission (FTC) is investigating whether chipmaker Broadcom Ltd engaged in anticompetitive tactics in negotiations with customers, the company said on Wednesday.

businessNews reuters.com

Enthusiasm for earnings lifts Wall Street

NEW YORK (Reuters) - Wall Street's main indexes rose on Wednesday as investors' expectations for higher earnings lifted stocks across sectors.

businessNews reuters.com

FTC probing Broadcom for antitrust practices: source

(Reuters) - The Federal Trade Commission (FTC) is investigating whether chipmaker Broadcom Ltd engaged in anticompetitive tactics in negotiations with customers, according to a person familiar with the matter.

businessNews reuters.com

'Just Hit Budget!' bankers at RBS restructuring unit told during crisis: memo

LONDON (Reuters) - Royal Bank of Scotland staff helping small firms to restructure debt during the financial crisis were given a list of ways to squeeze more money from struggling clients and told to "Just Hit Budget!", a memo released on Wednesday showed.

businessNews reuters.com

Apple to pay $38 billion in U.S. taxes on foreign cash, open new campus

(Reuters) - Apple Inc on Wednesday said it will make about $38 billion in tax payments on its overseas cash and plans to open a second U.S. campus as part of a 5-year, $30 billion U.S. investment plan.

businessNews reuters.com

Exclusive: Activist investor Sachem Head pushes Whitbread to consider break-up - sources

LONDON (Reuters) - Activist investor Sachem Head has asked Whitbread to consider a break up of its Costa Coffee chain from its hotels and restaurant businesses, two people familiar with the matter told Reuters.

businessNews reuters.com

Ghosn lays groundwork for withdrawal as Renault CEO

PARIS (Reuters) - Renault-Nissan is to pursue plans to create separate strategy and operations leadership roles, Renault CEO Carlos Ghosn said on Wednesday in a sign he may pull back as boss of the French carmaker.

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Dealmaking Ferrero tycoon breaks decades of family tradition

MILAN (Reuters) - For almost 70 years, family-owned chocolate group Ferrero shunned acquisitions, relying completely on its ability to grow on its own and dream up new products. Those days are gone.

businessNews reuters.com

FTC probing Broadcom for antitrust practices: WSJ

(Reuters) - The Federal Trade Commission (FTC) is investigating whether chipmaker Broadcom Ltd engaged in anticompetitive tactics in negotiations with customers, the Wall Street Journal reported, citing people familiar with the matter.

businessNews reuters.com

German discounter Lidl slows U.S. expansion: paper

FRANKFURT (Reuters) - German discount food retailer Lidl is slowing its U.S. expansion and switching focus from big-box stores to smaller formats, the Handelsblatt business daily reported, citing local real estate and political sources.

businessNews reuters.com

GE's 2018 gains wiped out as worries about turnaround plan persist

(Reuters) - Shares of General Electric Co continued its slide on Wednesday and wiped out all its gains in 2018, a day after the U.S. industrial conglomerate announced more than $11 billion in charges and hinted about a potential breakup.

businessNews reuters.com

Tech, industrials lift Wall St.; financials recover

(Reuters) - Wall Street's main indexes were higher on Wednesday, led by technology and industrial stocks as well as a recovery in the financial sector.

cnn.com

6-year-old dies after contact with bat

A 6-year-old Florida boy died after he came in contact with a bat and contracted the rabies virus.

lifestyleMolt reuters.com

After 950 years, France to lend Bayeux Tapestry to Britain

PARIS/LONDON (Reuters) - France will lend Britain the Bayeux Tapestry, an 11th century treasure that tells the tale of how William the Conqueror came to invade England in 1066, an official at the...

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Rolls-Royce shares jump as commercial marine business goes on block

LONDON (Reuters) - Rolls-Royce is considering the sale of its loss-making commercial marine business in another shake-up by Chief Executive Warren East that will streamline its activities into civil aerospace, defense and power system units.

businessNews reuters.com

Mining, demand for heating power U.S. industrial production

WASHINGTON (Reuters) - U.S. industrial production increased more than expected in December as unseasonably cold weather at the end of the month boosted demand for heating, but manufacturing output barely rose, pointing to moderate growth in the industrial sector.

businessNews reuters.com

In replacing Dudley, New York Fed aims to avoid political pitfalls

NEW YORK (Reuters) - Unions and groups advocating for retirees, teachers, housing, and workers' benefits are among those visiting the ornate conference rooms of the Federal Reserve Bank of New York to lobby for a less conventional candidate to serve as its next president.

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Banks expected to share tiny proportion of mammoth Saudi Aramco IPO

LONDON (Reuters) - The banks that will advise and execute Saudi Aramco's stock market listing are expected to share a tiny proportion of the $100 billion Riyadh hopes to raise in its initial public offering, according to banking sources and industry insiders.

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UPDATE 1-Supply disruptions could boost copper prices -Chile's Cochilco

SANTIAGO, Jan 17 (Reuters) - Chile's state copper commission, Cochilco, on Wednesday raised its estimated 2018 average price for the metal to $3.06 per pound from its previous forecast of $2.95 per pound, pointing to the potential for global supply disruptions in the coming year.

businessNews reuters.com

Goldman investors rattled by latest plunge in bond trading

(Reuters) - Goldman Sachs Group Inc on Wednesday reported a sharp drop in trading revenue that renewed questions about its ability to revive a moribund profit driver or find business to replace it, sending shares down 3 percent.

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Tech, industrials lead Wall Street higher, banks drop

(Reuters) - Wall Street's main indexes rose on Wednesday, led by gains in technology and industrial stocks, but losses in Goldman Sachs and Bank of America dragged down bank shares.

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In replacing Dudley, NY Fed aims to avoid political pitfalls

NEW YORK (Reuters) - Unions and groups advocating for retirees, teachers, housing, and workers' benefits are among those visiting the ornate conference rooms of the Federal Reserve Bank of New York to lobby for a less conventional candidate to serve as its next president.

businessNews reuters.com

U.S. approval to close Glencore's HNA deal seen by end-June: sources

LONDON (Reuters) - Swiss trader and miner Glencore expects to secure U.S. approval by the end of June on the U.S. portion of a deal to sell a 51 percent stake in its storage and logistics business to China's HNA Group, sources familiar with the matter said.

businessNews reuters.com

BofA takes one-time tax hit, vows longer term boost

(Reuters) - Bank of America Corp's quarterly profit nearly halved due to tax-related charges, though net income excluding that hit topped estimates and management promised the new U.S. tax system would eventually benefit shareholders.

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Bitcoin slumps below $10,000, half its peak, as regulatory fears intensify

LONDON/TOKYO (Reuters) - Bitcoin skidded below $10,000 on Wednesday, halving in value from its peak price, with investors gripped by fears regulators could clamp down on the volatile cryptocurrency that sky-rocketed last year.

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Tech stocks lead Wall Street higher; banks drop

(Reuters) - Wall Street's main indexes were lifted by modest gains in technology stocks on Wednesday, led by Microsoft, IBM and Intel.

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Utilities, mining boost U.S. industrial production

WASHINGTON (Reuters) - U.S. industrial production increased more than expected in December as unseasonably cold weather at the end of the month boosted demand for heating, but manufacturing output barely rose, pointing to moderate growth in the industrial sector.

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Wall Street opens higher as tech stocks gain

(Reuters) - Wall Street's main indexes opened higher on Wednesday, led by gains in technology stocks including Microsoft and IBM.

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Rolls-Royce shares jump as commercial marine unit goes on block

LONDON (Reuters) - Britain's Rolls-Royce is considering the sale of its commercial marine business, which has been hit by weak demand in offshore oil and gas markets, as part of a restructuring of the company into three core units.

companyNews reuters.com

BRIEF-Intrexon Prices Public Offering Of Common Stock

* SAYS PUBLIC OFFERING OF 6 MILLION SHARES PRICED AT $12.50PER SHARE Source text for Eikon: Further company coverage:

businessNews reuters.com

UK PM May pressured to safeguard jobs after Carillion's collapse

LONDON (Reuters) - Britain needs to allow more time for firms to take on 8,500 workers whose jobs are threatened by the demise of Carillion, unions said on Wednesday, as Prime Minister Theresa May faced criticism for the way the government outsources public services.

businessNews reuters.com

Bank of America net profit slumps on $2.9 billion tax charge, adjusted income beats

(Reuters) - Bank of America Corp's net profit nearly halved compared with a year earlier as it booked a $2.9 billion charge stemming from the new federal tax law although it beat analysts' estimates when adjusted for the charge.

businessNews reuters.com

Goldman posts first quarterly loss in 6 years on tax hit; trading slumps

(Reuters) - Goldman Sachs Inc on Wednesday posted its first quarterly loss in six years on a huge tax charge but adjusted profit trumped analysts' estimates, as strength in the investment banking business cushioned the blow from a slump in trading.

businessNews reuters.com

Rolls-Royce shares jump as commercial marine unit goes on the block

LONDON (Reuters) - Britain's Rolls-Royce said on Wednesday it was considering the sale of its commercial marine business, which has been hit by weak demand in offshore oil and gas markets, as part of a restructuring of the company into three core units.

cnn.com

Detroit dad deported after 30 years in US

As Jorge Garcia drove this week through the busy streets of Mexico City and up the winding road to his family home, he did not recognize the place he was born 39 years ago.

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Goldman Sachs beats estimates as investment banking revenue soars

(Reuters) - Goldman Sachs Inc on Wednesday reported a quarterly profit that trumped analysts' estimates, as strength in its investment banking business helped cushion the blow from a slump in trading.

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BofA net profit slumps on $2.9 billion tax charge, adjusted income beats

(Reuters) - Bank of America Corp's net profit nearly halved compared with a year earlier as it booked a $2.9 billion charge stemming from the new federal tax law although it beat analysts' estimates when adjusted for the charge.

businessNews reuters.com

Bitcoin slumps to $10,000, half its peak price, as regulatory fears grow

LONDON/TOKYO (Reuters) - Bitcoin skidded a further 12 percent on Wednesday, marking an almost halving in value from its peak price, with investors spooked by fears regulators could clamp down on the volatile cryptocurrency that skyrocketed last year.

businessNews reuters.com

Futures higher as investors weigh bank earnings

(Reuters) - U.S. stock futures pointed to a higher open for Wall Street on Wednesday as investors assessed earnings of Bank of America and U.S. Bancorp.

cnn.com

US to move embassy to Jerusalem by year's end, Netanyahu says

The United States will move its embassy from Tel Aviv to Jerusalem by the end of the year, Israeli Prime Minister Benjamin Netanyahu said Wednesday.

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World shares pull back from record highs, set for second fall of 2018

LONDON (Reuters) - World shares pulled back from record highs on Wednesday, set for only their second day of losses in 2018 as lower commodity prices and a string of downbeat updates from companies dampened the mood in global markets.

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GLOBAL MARKETS-World shares pull back from record highs, set for second fall of 2018

LONDON, Jan 17 (Reuters) - World shares pulled back from record highs on Wednesday, set for only their second day of losses in 2018 as lower commodity prices and a string of downbeat updates from companies dampened the mood in global markets.

businessNews reuters.com

Bank of America profit slumps on $2.9 billion tax charge

(Reuters) - Bank of America Corp's fourth-quarter profit nearly halved as it booked a $2.9 billion charge stemming from the new federal tax law.

businessNews reuters.com

U.S. charges Barclays forex trader with fraud

LONDON (Reuters) - The U.S. Department of Justice (DoJ) has charged a Barclays foreign exchange trader over his alleged role in a scheme to defraud a client of the bank, the DoJ said.

businessNews reuters.com

Bitcoin jolted by regulation worries, tumbles 11 percent on extended sell-off

TOKYO/LONDON (Reuters) - Bitcoin skidded more than 11 percent on Wednesday, extending a precipitous downturn in fortunes with investors spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year.

businessNews reuters.com

Exclusive: J&J attracts Chinese interest for diabetes business in potential $3-4 billion deal - sources

HONG KONG (Reuters) - Chinese bidders are circling a diabetes care business owned by the world's largest healthcare company Johnson & Johnson in a deal that could fetch up to $4 billion, five people with direct knowledge told Reuters.

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Britain needs to give companies more time to save Carillion-linked jobs: union

LONDON (Reuters) - The British government needs to allow more time for firms to take on workers whose jobs are threatened by the collapse of outsourcer Carillion , the head of one of Britain's biggest trade unions said on Wednesday.

sportsNews reuters.com

Karlovic becomes oldest man in third round for 40 years

MELBOURNE (Reuters) - Croatia's Ivo Karlovic became the oldest man to reach the third round of the Australian Open for 40 years when he edged Japan's Yuichi Sugita in five sets in searing heat on Wednesday.

businessNews reuters.com

GE appoints new CEO for Europe

(Reuters) - Industrial conglomerate General Electric has appointed Peter Stracar chief executive and president of its European region, the company said in a statement.

businessNews reuters.com

Stocks pull back from record highs, set for second day of losses in new year

LONDON (Reuters) - World shares pulled back from record highs on Wednesday, set for only their second day of losses in the new year as lower commodity prices and a string of downbeat updates from companies dampened the mood in global markets.

companyNews reuters.com

GLOBAL MARKETS-Stocks pull back from record highs, set for second day of losses in new year

LONDON, Jan 17 (Reuters) - World shares pulled back from record highs on Wednesday, set for only their second day of losses in the new year as lower commodity prices and a string of downbeat updates from companies dampened the mood in global markets.

businessNews reuters.com

U.S. charges former Barclays forex trader with fraud

LONDON (Reuters) - The U.S. Department of Justice (DoJ) has charged a former Barclays foreign exchange trader over his alleged role in a scheme to defraud a client of the bank, the DoJ said.

companyNews reuters.com

UPDATE 1-Zalando says to spend to build market share this year

BERLIN, Jan 17 (Reuters) - German online fashion retailer Zalando said it would push ahead with a strategy of investing to gain market share in 2018 rather than seek to improve profitability even as it reported a recovery in fourth-quarter operating earnings.

sportsNews reuters.com

Garcia hopes for another golden year from Singapore start

SINGAPORE (Reuters) - Sergio Garcia finally fulfilled his incredible promise when he captured a first major at last year's U.S. Masters and the Spanish Ryder Cup veteran is hoping for another big season as he kicks off his 2018 campaign at a familiar venue.

companyNews reuters.com

Melrose offers to buy Britain's GKN for $10.2 bln

Jan 17 (Reuters) - Turnaround specialists Melrose on Wednesday made a firm offer to buy GKN for 430.1 pence per share or 7.4 billion pounds ($10.18 billion) after meeting its shareholders, adding pressure on the British engineering company to accept the deal.

sportsNews reuters.com

Tennis: Karlovic becomes oldest man in third round for 40 years

MELBOURNE (Reuters) - Croatia's Ivo Karlovic became the oldest man to reach the third round of the Australian Open for 40 years when he edged Japan's Yuichi Sugita in five sets in withering heat on Wednesday.

businessNews reuters.com

Asian shares retreat as commodities ease, bitcoin pummeled

TOKYO (Reuters) - Asian equities stepped back from a record high on Wednesday as the region's resource shares were knocked by falling oil and commodity prices while digital currencies tumbled on worries about tighter regulations.

businessNews reuters.com

China luxury sales rebound as millennials snap up cosmetics, handbags: report

SHANGHAI (Reuters) - China's luxury goods market is back in fashion.

businessNews reuters.com

Big U.S. lenders reap benefits of higher rates, but savers not so much

NEW YORK (Reuters) - The U.S. Federal Reserve began steadily raising interest rates one year ago, offering a long-awaited tailwind for bank earnings because lenders can charge borrowers more for loans.

businessNews reuters.com

Bitcoin jolted by regulation worries, falls 7 percent on extended selloff

TOKYO/SINGAPORE (Reuters) - Bitcoin extended its sharp tumble of the past 24 hours, skidding more than seven percent on Wednesday in a rapid downturn in fortunes as investors were spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year.

sportsNews reuters.com

Tennis: Dream grand slam debut continues for 15-year-old Kostyuk

MELBOURNE (Reuters) - Ukrainian 15-year-old Marta Kostyuk became the youngest player to reach the third round of a grand slam in over 20 years when she defeated local wildcard Olivia Rogowska at the Australian Open on Wednesday.

businessNews reuters.com

Exclusive: GM, DHL use a Chinese plant to lead manufacturing change

LIUZHOU, China,  (Reuters) - Inside General Motors Co's vehicle assembly plant in this southern China city, many workers wear the red-and-yellow uniforms of DHL, the logistics company.

businessNews reuters.com

Bitcoin falls more than 7 percent as regulation worries mount

TOKYO (Reuters) - The price of bitcoin extended its sharp tumble of the past 24 hours, dropping more than seven percent on the Bitstamp exchange on Wednesday, spooked by worries regulators may try to clamp down on the highly-volatile trading in the digital currency.

sportsNews reuters.com

Tennis: Svitolina sets up clash with 15-year-old compatriot

MELBOURNE (Reuters) - Fourth seed Elina Svitolina came through a first set wobble to set up a third-round meeting with 15-year-old compatriot Marta Kostyuk with a 4-6 6-2 6-1 victory over Katerina Siniakova on Wednesday.

United States Politics and Government nytimes.com

Navy Seeks to Prosecute Top Officers for Crashes

The commanding officers of two Naval destroyers that collided with commercial vessels in the western Pacific last year will face court-martial charges, the Navy said.

businessNews reuters.com

Japan central bank to keep policy on hold, offer upbeat inflation view

TOKYO (Reuters) - Japan's central bank is set to maintain upbeat price forecasts next week and paint a slightly better picture of the economy than it did three months ago, signaling its conviction the country is making slow but steady progress in eradicating deflation.

companyNews reuters.com

METALS-Shanghai aluminium prices slip as ingot flows improve

BEIJING, Jan 17 (Reuters) - Shanghai aluminium prices extended declines into a second day on Wednesday as improving weather conditions smoothed the flow of ingots from China's remote northwestern Xinjiang region to the east of the country. FUNDAMENTALS * SHANGHAI ALUMINIUM: The most-traded March contract on the Shanghai Futures Exchange (ShFE) was down 1.6 pct at 14,655 yuan ($2,280.93) a tonne at 0224 GMT, having earlier touched its lowest since Dec. 20 at 14,560 yuan a tonne.

businessNews reuters.com

Top Walmart executive to be appointed International CEO: source

(Reuters) - Wal-Mart Stores Inc Chief Operating Officer Judith McKenna will take up the role of chief executive of its international unit, according to a source with knowledge of the matter.

businessNews reuters.com

Miramax bid for Weinstein Co. complicates sale process: LA Times

(Reuters) - An attempt by Qatar-owned film company Miramax to buy Weinstein Co. has complicated plans to sell the studio to a group of investors led by former Obama administration official Maria Contreras-Sweet, the Los Angeles Times reported on Tuesday, citing people familiar with the matter.

businessNews reuters.com

Ford gives disappointing outlook, says turnaround to take years

DETROIT (Reuters) - Ford Motor Co on Tuesday estimated financial results for 2017 and 2018 that fell short of investor expectations, in a downbeat forecast that contrasted with a more positive outlook from rival automaker General Motors Co .

cnn.com

What Trump voters think a year later

Trump supporters speak with CNN's Martin Savidge about their thoughts on the President's progress and performance a year into office.

businessNews reuters.com

Asian shares dip as commodities ease, bitcoin licks wounds

TOKYO (Reuters) - Asian stocks stepped back from a record high on Wednesday as the region's resource shares were dented by falling oil and commodity prices while digital currencies tumbled on worries about tighter regulations.

cnn.com

President, like most Americans, should lose some weight. 10-15 pounds this year, doctor says.

President Donald Trump's doctor, Dr. Ronny Jackson, characterized the president's health as "excellent," but like the majority of Americans, Trump is overweight and he doesn't get enough exercise.

domesticNews reuters.com

'Chelsea bomber' tried to radicalize fellow inmates, U.S. prosecutors say

NEW YORK (Reuters) - The New Jersey man found guilty last year of planting two homemade bombs in Manhattan's Chelsea neighborhood, one of which wounded 30 people, has tried to radicalize fellow inmates with Islamic State and al Qaeda propaganda, U.S. prosecutors said on Tuesday.

companyNews reuters.com

BRIEF-Saul Centers Prices Offering Of Depositary Shares

* SAUL CENTERS, INC. PRICES OFFERING OF DEPOSITARY SHARES AND 6.125% SERIES D CUMULATIVE REDEEMABLE PREFERRED STOCK

businessNews reuters.com

Automakers, U.S. lawmakers hope for progress on self-driving car bill

DETROIT (Reuters) - Automakers and lawmakers expressed hope on Tuesday that U.S. Congress would soon pass a stalled bill aimed at speeding self-driving cars to market, even as safety advocates argued for more performance requirements.

companyNews reuters.com

BRIEF-Nabors Prices $800 mln In Senior Unsecured Debt Offering

* NABORS PRICES $800,000,000 IN SENIOR UNSECURED DEBT OFFERING

businessNews reuters.com

Bitcoin falls 25 percent to $10,200 on Bitstamp exchange

SYDNEY (Reuters) - Bitcoin had lost a quarter of its value in early Asian trading on Wednesday as fears grew of a regulatory crackdown after reports that South Korea's finance minister said banning trading in cryptocurrencies was still an option.

businessNews reuters.com

GE reignites break-up talk after $11 billion insurance, tax hit

NEW YORK (Reuters) - General Electric Co indicated it is looking closely at breaking itself up on Tuesday as the conglomerate announced more than $11 billion in charges from its long-term care insurance portfolio and new U.S. tax laws.

businessNews reuters.com

Ford's 2017 profit misses Wall Street estimates

(Reuters) - Ford Motor Co on Tuesday reported 2017 preliminary adjusted earnings that missed market estimates, while its 2018 earnings forecast largely fell short of analysts' expectations.

companyNews reuters.com

CANADA STOCKS-TSX retreats as lower commodity prices pressure resource stocks

TORONTO, Jan 16 (Reuters) - Canada's main stock index fell on Tuesday as lower commodity prices weighed on the shares of materials and energy companies.

businessNews reuters.com

Railroad operator CSX's revenue misses as shipments fall

(Reuters) - CSX Corp reported lower-than-expected revenue for the fourth quarter due to a drop in shipments, but beat Wall Street's earnings targets on better prices and cost controls, capping a tumultuous year for the third-largest U.S. railroad operator.

businessNews reuters.com

NYSE to launch new NYSE National exchange in second quarter

NEW YORK (Reuters) - New York Stock Exchange parent Intercontinental Exchange Inc (ICE) plans to launch its fourth U.S. stock market, NYSE National, in the second quarter, according to a recent regulatory filing.

businessNews reuters.com

Wall St. eases as oil prices, General Electric fall

NEW YORK (Reuters) - Wall Street paused its rally on Tuesday, weighed down by weakness in General Electric shares and as lower oil prices dragged down the energy sector.

businessNews reuters.com

Exclusive: Mexico's Pemex chose Japan's Mitsui to complete Tula coking plant - sources

MEXICO CITY (Reuters) - Mexican state oil company Pemex [PEMX.UL] has chosen Japanese conglomerate Mitsui as its partner for a $2.6 billion coking plant project at its Tula refinery in a preliminary deal, two sources told Reuters this week.

O'Riordan, Dolores nytimes.com

How the Cranberries Rose to Fame

Dave Fanning, an Irish music journalist and one of the first to discover the Cranberries, talks about how Dolores O'Riordan found a place between grunge and Brit pop that catapulted the band to international stardom.

businessNews reuters.com

Wells Fargo loses bid to end Philadelphia predatory lending lawsuit

(Reuters) - A federal judge in Philadelphia on Tuesday rejected Wells Fargo & Co's bid to dismiss that city's lawsuit accusing the largest U.S. mortgage lender of predatory lending targeting black and Hispanic borrowers.

businessNews reuters.com

Wall St. eases on lower oil prices

NEW YORK (Reuters) - Wall Street's major stock indexes pared gains in late afternoon trading on Tuesday as lower oil prices weighed on the energy sector.

companyNews reuters.com

US STOCKS-Wall St eases on lower oil prices

* GE slides after saying it would take $6.2 bln 4th-quarter charge

businessNews reuters.com

GE renews break-up talk after $11 billion insurance, tax hit

(Reuters) - General Electric Co again raised the prospect of breaking up the conglomerate on Tuesday as it announced more than $11 billion in charges from its long-term care insurance portfolio and new U.S. tax laws.

businessNews reuters.com

Health-conscious Nestle sells U.S. candy to Ferrero for $2.8 billion

LONDON/MILAN (Reuters) - Swiss food group Nestle has agreed to sell its U.S. confectionery business to Italy's Ferrero for $2.8 billion, it said on Tuesday, marking CEO Mark Schneider's first big sale and a small step on its path towards healthier products.

Yates, Christopher J. nytimes.com

Books of The Times: In This Thriller, a Cold Case Turns Hot 26 Years Later

Christopher J. Yates’s “Grist Mill Road” opens with a shooting involving three teenagers, then revisits the crime and its consequences once they’re grown.

businessNews reuters.com

Dow hits 26,000 for first time on earnings optimism

(Reuters) - The Dow Jones Industrial Average raced past the 26,000 mark for the first time on Tuesday as fourth-quarter earnings season got off to a strong start following upbeat results from UnitedHealth and Citigroup.

companyNews reuters.com

BRIEF-NSK Will Probably Generate Roughly 108 Bln Yen In Group Operating Profit In The Year Through March 2019 - Nikkei

* NSK LTD WILL PROBABLY GENERATE ROUGHLY 108 BILLION YEN IN GROUP OPERATING PROFIT IN THE YEAR THROUGH MARCH 2019 - NIKKEI Source text : [http://s.nikkei.com/2DjXq3M] Further company coverage:

businessNews reuters.com

Nestle sells U.S. candy business to Ferrero for $2.8 billion amid health push

LONDON/MILAN (Reuters) - Swiss food group Nestle has agreed to sell its U.S. confectionery business to Italy's Ferrero for $2.8 billion, it said on Tuesday, marking CEO Mark Schneider's first big sale and a small step on its path toward healthier products.

businessNews reuters.com

Britain investigates Carillion directors after collapse

LONDON/CAMBRIDGE, England (Reuters) - Britain ordered a fast-track inquiry into the role played by Carillion's directors in the failure of the construction and services group, as some of its thousands of small suppliers started to lay off workers on Tuesday.

businessNews reuters.com

Nestle sells U.S. candy to Ferrero amid health push

LONDON/MILAN (Reuters) - Swiss food group Nestle agreed to sell its U.S. confectionery business to Italy's Ferrero for $2.8 billion, it said on Tuesday, the first major sale from CEO Mark Schneider and a small step on its path towards healthier products.

businessNews reuters.com

Equities advance as Dow tops 26,000, dollar steadies

NEW YORK (Reuters) - World stock markets advanced on Tuesday, with investors on Wall Street pushing the Dow index past the 26,000 threshold, while the U.S. dollar strengthened after four days of declines.

businessNews reuters.com

Dow briefly tops 26,000 mark

(Reuters) - The Dow eased slightly after hitting the 26,000 mark for the first time on Tuesday, as earnings season got off to a strong start following upbeat results from UnitedHealth and Citigroup.

businessNews reuters.com

Citigroup reports $18 billion loss on one-time tax items

(Reuters) - Citigroup Inc posted an $18-billion quarterly loss on Tuesday because of charges related to a new U.S. tax law, but its adjusted earnings beat Wall Street expectations and management signaled that the bank may soon lift financial performance targets.

businessNews reuters.com

GE renews break-up talk as it discloses $11 billion fourth quarter hit

(Reuters) - General Electric Co again raised the prospect of breaking up the conglomerate on Tuesday as it announced more than $11 billion in charges from its long-term care insurance portfolio and new U.S. tax laws.

companyNews reuters.com

CEE MARKETS-Leu falls after PM quits, CEE stocks set multi-year highs

* Leu nears record low after PM resignation * Leu, Romanian stocks rebound as ruling party proposes new PM * German stocks rally helps Prague, Warsaw hit multi-year highs * Czech PM Babis loses confidence vote, but seen staying (Adds Romanian PM candidate, Czech confidence vote, central bankers) By Sandor Peto and Luiza Ilie BUDAPEST/BUCHAREST, Jan 16 (Reuters) - Romanian assets rebounded from a plunge on Tuesday as the ruling Social Democrat party (PSD) quickly picked

businessNews reuters.com

German strikes spread to Daimler, union mulls escalation

BERLIN/FRANKFURT (Reuters) - Tens of thousands of German industrial workers downed tools on Tuesday in support of trade union IG Metall's demands for a 6 percent pay rise and a right to the first new cut in weekly working hours since the 1980s.

businessNews reuters.com

GE to take $6.2 billion hit from insurance portfolio

(Reuters) - General Electric Co will take a $6.2 billion charge in its fourth quarter results for a more than decade-old insurance portfolio covering long-term healthcare costs, the company said on Tuesday.

businessNews reuters.com

Dow breaches 26,000 mark on robust earnings reports

(Reuters) - Wall Street's main indexes rose sharply on Tuesday, with the Dow hitting the 26,000 mark for the first time, as the fourth-quarter earnings season kicked into high gear.

companyNews reuters.com

Cheniere signs 15-year LNG supply pact with trader Trafigura

Jan 16 (Reuters) - U.S. natural gas producer Cheniere Energy Inc said on Tuesday Singapore-based commodity trader Trafigura Pte Ltd would buy about 1 million tonnes of natural gas per year from its unit for 15 years, starting 2019.

businessNews reuters.com

Dow hits 26,000 for first time

(Reuters) - The Dow Jones Industrial Average touched the 26,000-mark for the first time on Tuesday and other Wall Street indexes climbed as strong earnings from UnitedHealth and Citigroup helped lift the sentiment.

businessNews reuters.com

Shares stay on record run as metals skid

LONDON (Reuters) - Asia and Europe's big bourses kept world shares on their record-breaking run on Tuesday, although a steadier dollar halted the sizzling start to the year for the euro, yen and yuan and sent metals markets skidding.

businessNews reuters.com

Some 10,000 Daimler employees strike in push for higher wages

BERLIN (Reuters) - Some 10,000 workers at German carmaker Daimler AG walked off their shifts for an hour on Tuesday as they sought to persuade employers to give engineering workers around Germany more pay and a shorter working week.

companyNews reuters.com

BRIEF-Cheniere And Trafigura Sign 15-Year Lng Sale And Purchase Agreement

* CHENIERE AND TRAFIGURA SIGN 15-YEAR LNG SALE AND PURCHASE AGREEMENT

businessNews reuters.com

GM sees flat 2018 earnings, with pickups picking up in 2019

DETROIT (Reuters) - General Motors Co said on Tuesday it expects earnings in 2018 to be largely flat compared with 2017, but that profits should pick up pace in 2019 as its revamped line of high-margin pickup trucks hits the U.S. market.

businessNews reuters.com

Citi profit tops estimates; books $22 billion tax charge

(Reuters) - Citigroup Inc on Tuesday reported quarterly profit that topped Wall Street expectations as consumer businesses made up for lower revenue from bond and currency trading.

companyNews reuters.com

BRIEF-Meridian Mining Says Produced 16,786 Tonnes Of Manganese Product In Q4 vs 13,326 Tonnes A Year Ago

* MERIDIAN MINING ANNOUNCES 2017 MANGANESE PRODUCTION AND SALES UPDATE

companyNews reuters.com

Kazakhstan oil output to rise 1 pct in 2018 to 87 mln T - energy ministry

MOSCOW, Jan 16 (Reuters) - Kazakhstan will increase its oil and gas concentrate production in 2018 by 1 percent to 87 million tonnes, compared to 86.2 million tonnes the previous year, its energy ministry told Reuters on Tuesday.

businessNews reuters.com

Dow on track to top 26,000 at open

(Reuters) - Futures on the Dow Jones Industrial Average surged more than 200 points on Tuesday, indicating that the blue-chip index could open above 26,000 for the first time, supported by strong earnings from UnitedHealth.

businessNews reuters.com

GE to take $6.2 billion charge in its finance arm

(Reuters) - General Electric Co will record an after-tax charge of $6.2 billion in its fourth quarter results as part of an ongoing review of its finance arm's insurance portfolio, the company said.

businessNews reuters.com

French carmaker PSA's sales lifted by growth in Iran and Latin America

PARIS (Reuters) - French carmaker PSA's global sales jumped by 15 percent last year as strong growth in Iran and Latin America helped to offset difficulties in Britain and China.

businessNews reuters.com

Maersk, IBM to launch blockchain-based platform for global trade

COPENHAGEN (Reuters) - The world's largest container shipping firm A.P. Moller-Maersk is teaming up with IBM to create an industry-wide trading platform it says can speed up trade and save billions of dollars.

businessNews reuters.com

Exclusive: Saudi Aramco snubs UBS and Bank of America for listing roles - sources

LONDON (Reuters) - Saudi Aramco has not invited UBS and Bank of America Merrill Lynch to pitch for senior advisory roles in its stock market listing because they have not lent money to the state oil giant in recent years, according to five finance sources.

businessNews reuters.com

Bitcoin slides 18 percent on crackdown fears; crypto rivals also plunge

LONDON (Reuters) - Bitcoin tumbled 18 percent on Tuesday to a four-week trough close to $11,000, after reports that a ban on trading of cryptocurrencies in South Korea was still an option drove fears grew of a wider regulatory crackdown.

businessNews reuters.com

Shares stay on record run, metals suffer meltdown

LONDON (Reuters) - Asia and Europe's big bourses kept world shares on their record-breaking run on Tuesday, though a steadier dollar halted the sizzling start to the year for the euro, yen and yuan and sent metals markets sprawling.

businessNews reuters.com

Bitcoin slides 14 percent on crackdown fears, hits four-week low

LONDON (Reuters) - Bitcoin slid as much as 14 percent on Tuesday to hit a four-week low below $12,000, as fears grew of a regulatory crackdown after reports that South Korea's finance minister had said banning trading in cryptocurrencies was still an option.

companyNews reuters.com

METALS-Copper prices slide on resurgent U.S. dollar

SYDNEY, Jan 16 (Reuters) - Copper markets in London and Shanghai eased on Tuesday, reversing an earlier uptrend, as the dollar pulled up from a three-year low.

businessNews reuters.com

Asian shares hit record high, euro near three-year top

TOKYO (Reuters) - Asian shares erased early modest losses and pushed to a fresh record high, while the euro remained within sight of a 3-year peak on rising expectations that the European Central Bank could pare its monetary stimulus.

cnn.com

Detroit man deported to Mexico after 30 years in US

Jorge Garcia, a 39-year-old landscaper and father of two who has lived in the United States for 30 years, said a painful goodbye to his family at the Detroit Metro Airport early Monday morning.

worldNews reuters.com

Bangladesh agrees with Myanmar to complete Rohingya return in two years

DHAKA (Reuters) - Bangladesh has agreed to complete the process of returning Rohingya Muslims to Myanmar within two years after repatriation begins, the south Asian nation said on Tuesday, following a meeting of the neighbors to implement a pact signed last year.

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.

cnn.com

Trump's first year finds friends and foes

President Donald Trump has welcomed dozens of his counterparts to the White House since he entered office a year ago and has visited 13 countries himself, each time deepening ties to the club of world leaders he's now joined.

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.

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.

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

GLOBAL MARKETS-Asian shares shrug off losses, euro near 3-year top

TOKYO, Jan 16 (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

METALS-Weaker dollar helps buoy Shanghai, London copper prices

SYDNEY, Jan 16 (Reuters) - Copper prices edged up in London and Shanghai markets on Tuesday, helped by a weaker U.S. dollar.

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.

companyNews reuters.com

GLOBAL MARKETS-Asian shares slip as iron ore softens, euro near 3-year top

TOKYO, Jan 16 (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.

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.

Women's Rights nytimes.com

One Year After Women’s March, More Activism but Less Unity

Women’s March Inc., which organized the event in Washington, has encouraged more protests. But a new group is focused on winning elections, especially in red states.

companyNews reuters.com

BRIEF-Nokia Wins Five-Year Managed Services Agreement To Manage Optus' Network

* NOKIA WINS FIVE-YEAR MANAGED SERVICES AGREEMENT TO MANAGE OPTUS' NETWORK

companyNews reuters.com

BRIEF-SSR Mining Reports Q4, Year-End 2017 Production Results, 2018 Guidance

* SSR MINING REPORTS FOURTH QUARTER AND YEAR-END 2017 PRODUCTION RESULTS AND 2018 GUIDANCE

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.

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.

cnn.com

Trump's first year on the international stage

Highs and lows from President Trump's first year of interactions with foreign leaders.

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.

companyNews reuters.com

UPDATE 9-Oil hovers near three-year high despite rising U.S. output

* Asia remains awash with refined fuel products (Adds analyst comment, updates prices)

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.

companyNews reuters.com

UPDATE 8-Oil hovers around $70, clouded by rise in U.S. output

* Asia remains awash with refined fuel products (Changes dateline, adds new comment, updates prices)

companyNews reuters.com

METALS-Zinc scales 10-year peak as base metals rally

* LME/ShFE arb: http://bit.ly/2wZSAEz (Updates with closing prices)

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.

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.

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.

companyNews reuters.com

UPDATE 7-Oil hovers below $70 highs, clouded by rise in U.S. output

* Asia remains awash with refined fuel products (Updates prices)

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.

companyNews reuters.com

UPDATE 3-Shell OKs first UK North Sea project in six years

* Project to generate profit even at sub-$40 oil price (Adds ownership details in last paragraph)