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Financial News from Reuters

  • The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - Congress has passed a bill outlawing bots, or computer ...

  • China's producer prices rose at the fastest pace in more than five years in November as prices of coal, steel and other building materials soared, boosting industrial profits and giving firms more cash flow to pay off mountains of debt. The stronger-than-expected 3.3 percent surge in prices, along with upbeat factory …

  • People walk past an electronic board showing Japan's Nikkei average outside a brokerage in Tokyo

    TOKYO/SYDNEY (Reuters) - Asian shares edged down on Friday but were on track for weekly gains, while the euro became more settled after the volatility seen in the wake of the European Central Bank's decision to trim the size of its asset purchase program while also extending it for longer than many analysts had expected. …

  • TOKYO/SYDNEY, Dec 9 (Reuters) - Asian shares edged down on Friday but were on track for weekly gains, while the euro became more settled after the volatility seen in the wake of the European Central Bank's decision to trim the size of its asset purchase program while also extending it for longer than many analysts …

  • European and U.S. government and trade officials say they have been lobbying hard against a draft Chinese regulation on food imports, worried it would hamper billions of dollars of shipments to the world's No.2 economy of everything from pasta to coffee and biscuits. The rule, part of a drive by China to boost oversight …

  • The dollar rose broadly on Friday as U.S. bond yields rose, while the euro sank after the European Central Bank's decision to extend its debt-buying programme even as it cut the size of its purchases disappointed currency bulls. The yen's safe-haven appeal has diminished as Japan's Nikkei hit a one-year peak as Wall …

  • Casinos are seen in a general view of Macau

    HONG KONG/SHANGHAI (Reuters) - Casino stocks from Australia's Crown Resorts to Las Vegas Sands tumbled after a report that Macau, the world's biggest gambling hub, would limit cash withdrawals as part of a Beijing-led crackdown on illicit outflows. The South China Morning Post, citing a finance industry source, reported …

  • Morning News Call - India, December 9 Reuters - 2 hours 40 minutes ago

    To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_12092016.pdf If you would like to receive this newsletter via email, please register ...

  • China UnionPay has not changed its policy on overseas withdrawal limits, the country's top bank card provider's international arm said on Friday, after reports that it was planning to restrict the amount cardholders could withdraw in Macau. Casino stocks had tumbled after a report late on Thursday that UnionPay cash withdrawal …

  • Trump says U.S.-China relationship must improve Reuters - 2 hours 53 minutes ago

    President-elect Donald Trump said on Thursday the United States needed to improve its relationship with China, which he criticized for its economic policies and failure to rein in North Korea. "One of the most important relationships we must improve, and we have to improve, is our relationship with China," Trump told …

  • A worker, wearing protective suits and masks, takes notes in front of storage tanks for radioactive water at Tokyo Electric Power Co's tsunami-crippled Fukushima Daiichi nuclear power plant in Okuma town

    Japan's Ministry of Economy, Trade and Industry (METI) said on Friday it has nearly doubled its projections for costs related to the Fukushima nuclear disaster, including decommissioning and compensation, to 21.5 trillion yen ($188.40 billion). Subsequent explosions released massive amounts of radiation, forcing the evacuation …

  • Japanese stocks rose to their highest level in a year on Friday morning, supported by Wall Street gains and solid buying of exporters on the back of a weaker yen. The mining sector was the top gainer on ...

  • President-elect Donald Trump named fast-food executive Andy Puzder to head the U.S. Department of Labor on Thursday, drawing criticism from labor advocates worried about his opposition to a higher minimum wage and government regulation of the workplace. Puzder, chief executive of CKE Restaurants Inc, which operates …

  • Japan's Nikkei hit a one-year high on Friday, boosted after Wall Street posted a record close overnight and as the yen weakened against the dollar. The Nikkei gained 1.0 percent to 18,950.66 in midmorning ...

  • The logo of Down Jones Industrial Average stock market index listed company 3M

    "We believe that the identity management business will be better positioned with a company that is primarily focused on security solutions," the company's vice president of traffic safety and security division, John Riccardi, said in a statement. Minnesota-based 3M said it would record a gain related to the deal, and incur …

  • The Port Authority of New York and New Jersey said for the first time on Thursday its next 10-year capital plan may include $2.7 billion for Amtrak's Gateway rail tunnel project underneath the Hudson River. Included in the plan is funding for a controversial new bus terminal. The plan includes $3 billion for the new …

  • China's November producer prices rose 3.3 percent from a year ago, the highest since October 2011, thanks to soaring prices for commodities such as coal and steel. The producer price index (PPI) had been expected to rise 2.2 percent on-year, compared with the previous month's rise of 1.2 percent.

  • OPEC logo is seen at its headquarters in Vienna

    Both Brent and U.S. benchmarks rallied after the former secretary general of the Organization of the Petroleum Exporting Countries made comments supportive of non-member production cuts. The benchmarks remain more than $1 below the highs reached Dec. 5 in the wake of the OPEC deal. Oil producers will meet in Vienna on …

  • Washington state filed an environmental lawsuit on Thursday against agricultural company Monsanto Co seeking damages and cleanup costs associated with the company's production of PCBs, the state's attorney general said. Monsanto produced the polychlorinated biphenyls, or PCBs, "for decades while hiding what they knew …

  • Samsung Electronics Co Ltd will supply semiconductors to U.S. electric car maker Tesla Motors Inc, South Korea's Electronic Times reported on Friday citing unnamed sources. Samsung would contract manufacture chips for self-driving features in Tesla vehicles, the paper reported, without putting a value on the order. …

  • Fixed annuity service provider Athene Holding Ltd said its initial public offering of 27 million class A shares raised $1.1 billion after the offering was priced in the mid-point of its expected range, valuing the company at about $7.41 billion. Athene, which is backed by private equity firm Apollo Global Management …

  • Gradually increasing the dose of Biogen Inc's experimental Alzheimer's disease drug appeared to reduce the risk of brain swelling compared to higher fixed doses, interim 12-month results from a small study released on Thursday showed. The closely watched drug, aducanumab, led to significant reductions in amyloid …

  • U.S. authorities will reach a settlement with medical device maker Zimmer Biomet Holdings Inc over bribery allegations in the next four weeks, prosecutors said in a court filing Thursday. The new agreement would replace a 2012 settlement with the U.S. Justice Department over allegations that Biomet paid bribes to …

  • A Mondelez International Inc flour mill in Toledo, Ohio, is expected to resume operations on Friday following a freight train derailment that knocked out power to the mill earlier this week, a company representative said on Thursday. Power to the mill should be restored by Friday and employees were scheduled to work, …

  • Large Japanese manufacturers turned more optimistic about economic conditions in the fourth quarter but they lowered their capital expenditure plans for the current fiscal year, suggesting firms remain wary over future business conditions. Large manufacturers said they expect sentiment to worsen slightly in January-March, …

  • The dollar held large gains against the yen and euro early on Friday, given a lift after the common currency slumped overnight following the European Central Bank's decision to extend its debt-buying programme even as it cut the amount of purchases. The ECB said Thursday it would reduce its monthly asset buys to 60 …

  • Investors cast a wary eye on markets in the latest week, rerouting $14.7 billion to cash-like investments in the largest weekly inflow in a month, Lipper data for U.S.-based funds showed on Thursday. The ...

  • Mexico's Grupo IAMSA said on Thursday it has become the sole shareholder of Mexican low-cost airline VivaAerobus after it bought out Irelandia Aviation's stake for an undisclosed amount. As part of the deal, Irelandia Aviation's Declan Ryan and two other executives will step down from VivaAerobus' board, IAMSA said …

  • Six former Insys Therapeutics Inc executives and managers were arrested on Thursday on charges they engaged in a nationwide scheme to bribe doctors to unnecessarily prescribe a drug containing the opioid fentanyl, U.S. prosecutors said. Michael Babich, the Arizona-based drugmaker's former chief executive officer, …

  • Nikkei futures and options contracts expiring in December were forecast to settle at 18,867.45, market participants said on Friday, citing estimates by brokerages. The closely watched settlement price, known in Japan as the special quotation, or "SQ", is calculated from the opening prices of the 225 shares in the …

  • Three mornings a week, 22-year-old Bin Wang, a native of China's Anhui province, enters a beige, low-rise building tucked into an office park in Orlando, Florida, to spend hours body-slamming people. WWE, the $1.5 billion company known for big personalities and outrageous story lines, wants its Chinese wrestlers to …

  • Brazil's Bovespa stock index fell on Thursday, after two sessions of gains, while Mexican stocks rose 1.65 percent, as investors snapped up shares that had become attractively cheap after weeks of poor ...

  • Time Inc, the publisher of Time, People and Fortune magazines, has tapped Morgan Stanley and Bank of America Corp to help field takeover or partnership interest, the Wall Street Journal reported. The media company rejected a takeover bid from billionaire investor Edgar Bronfman Jr, the New York Post reported last  …

  • Wells Fargo branch is seen in the Chicago suburb of Evanston Illinois

    Rounding out the special committee's leadership, the person said, are Enrique Hernandez, chair of the board of directors' risk committee, and Donald James, a director who sits on the board's finance and risk committees. All the directors of the special committee are independent in that they do not work for the company …

  • Andrew Ceresney, Director of SEC Enforcement division, speaks as Preet Bharara, U.S. Attorney for the Southern District of New York, looks on during a news conference on Las Vegas sports bettor William "Billy" Walters and Dean Food's former chairman Thomas

    Andrew Ceresney, the U.S. Securities and Exchange Commission's Wall Street policeman, will leave the agency at the end of December, joining other top officials who are departing before Donald Trump is sworn in as president in January. Ceresney is the seventh top official at the SEC to announce his departure since Trump …

  • Bill Gross, co-founder and co-chief investment officer of Pacific Investment Management Company (PIMCO), speaks at the Morningstar Investment Conference in Chicago

    The wife of Pacific Investment Management Co co-founder Bill Gross is seeking a divorce after 31 years of marriage. Sue Gross, who has featured in many of her husband's widely followed investment outlook ...

  • The U.S. House of Representatives on Thursday overwhelmingly passed legislation to keep federal agencies funded until April 28 and avert government shutdowns at the end of this week when existing appropriations expire. By a vote of 326-96, the House passed the legislation that is now before the Senate where it has …

  • South Korean shipper Hyundai Merchant Marine Co Ltd is no longer under consideration to join the 2M vessel-sharing alliance, Danish shipper Maersk Line, part of A.P. Moller-Maersk, said on Thursday. The world's two largest container shippers, Maersk Line and Mediterranean Shipping Co (MSC), have discussed with Hyundai …

  • Japan's millennials have grown up in an economy that never seems to grow. The millennials will form a large part of Japan's consumer society for decades to come, and their first instinct is to save, not spend. Millennials in the United States and other developed countries also show a reluctance to buy and own things, …

  • Prime Minister Narendra Modi handpicked a trusted bureaucrat, little known outside India's financial circles, to spearhead a radical move to abolish 86 percent of the country's cash overnight and take aim at the huge shadow economy. Hasmukh Adhia, the bureaucrat, and five others privy to the plan were sworn to utmost …

  • When Philippines President Rodrigo Duterte, the man dubbed "Trump of the East", told U.S. businesses to pack their bags if they didn't like his anti-American rhetoric, the huge and growing outsourcing industry got a little nervous. It's now the real Donald Trump who has businesses worried here, after the U.S. president-elect …

  • The U.S. State Department notified Congress on Thursday of possible military sales to Saudi Arabia worth $3.51 billion, to the United Arab Emirates worth $3.5 billion and to Qatar for $781 million, the Pentagon said in a statement. The approval coincides with Saudi Arabia leading a military coalition in support of …

  • The U.S. State Department notified Congress on Thursday of possible military sales to Saudi Arabia worth $3.51 billion, to the United Arab Emirates worth $3.5 billion and to Qatar for $781 million, the ...

  • Gas flame is seen in the desert near the Khurais oilfield

    Saudi Arabia is informing its customers of cuts to their January crude oil supplies to comply with the latest OPEC agreement, according to a PIRA note late on Thursday. The note adds that cuts will be ...

  • Forecasters are sending chills down some spines with a prediction that much of the northern half of the United States could see frigid weather next week similar to life-threatening lows the polar vortex brought to parts of the country in 2014. Anticipation of a freezing blast began to build this week when weather …

  • Washington state Attorney General Bob Ferguson said on Thursday he had filed an environmental lawsuit against Monsanto Co seeking damages and cleanup costs associated with the company's production of PCBs. ...

  • A man walks past a 1 Malaysia Development Berhad (1MDB) billboard at the funds flagship Tun Razak Exchange development in Kuala Lumpur

    Earlier this week four relatives of Low Taek Jho filed a motion to delay the Dec. 12 hearing to Jan. 23 so they could go to courts in New Zealand and the Cayman Islands to try and get real estate and other assets transferred to a new trustee. In a one-sentence ruling, U.S. District Judge Dale Fischer denied both the motion …

  • A lock icon, signifying an encrypted Internet connection, is seen on an Internet Explorer browser in Paris

    The White House said on Thursday that it raised concerns about China's new cyber security law during a meeting with a Chinese official after the latest round of talks between the two countries on cyber crime. U.S. National Security Adviser Susan Rice met with Chinese State Councilor Guo Shengkun to discuss the importance …

  • United Continental Holdings Inc forecasts a higher profit margin in the fourth quarter, as bookings strengthened and expenses related to employment benefits were lower than expected, the company said on Thursday.

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