Honeywell to repatriate $7 billion over two years
(Reuters) – U.S. industrial conglomerate Honeywell International Inc said on Friday that it expected to bring back at least $7 billion of the $10 billion in cash held overseas in the next two years, taking advantage of the newly enacted tax law.
BNP Paribas pleads guilty in U.S. to currency rigging, fined $90 million
NEW YORK (Reuters) – A unit of BNP Paribas SA agreed to plead guilty and pay a $90 million criminal fine in the United States for conspiring to rig foreign currency markets, the U.S. Department of Justice said on Friday.
FedEx commits $3.2 billion to raise pay, expand hubs after U.S. tax overhaul
(Reuters) – Package delivery company FedEx Corp said on Friday it will spend more than $3.2 billion on wage increases, bonuses, pension funding and capital investment, taking advantage of the U.S. tax overhaul signed into law in December.
Starbucks’ 2018 may not be as bitter as some fear: analysts
(Reuters) – Starbucks Corp shares fell 5 percent on Friday after the company reported weak holiday-quarter sales, indicating near-term troubles were far from over, but analysts said the brand’s strength and a growing Chinese fanbase would help it ride…
U.S. files criminal papers against BNP Paribas in currency case
NEW YORK (Reuters) – The U.S. government on Friday filed court papers accusing a unit of BNP Paribas SA of engaging in an illegal antitrust conspiracy to fix prices in Central and Eastern European, Middle Eastern and African currencies from September …
Dow hits record on Intel earnings
(Reuters) – The Dow Jones Industrial Average opened at a record high on Friday, powered by gains in chipmaker Intel, and the other main indexes were higher as investors shrugged off weaker-than-expected U.S. economic growth data.
State of the Union more likely to raise eyebrows than stocks
(Reuters) – Anybody hoping for a replay of the stock market advance that followed U.S. President Donald Trump’s first address to Congress may be disappointed. This time around, shares could suffer if Trump does not tread carefully on hot-button issues.
As NAFTA talks drag, Mexico suggests timeline could be extended
MONTREAL (Reuters) – Mexico on Friday suggested talks to modernize the North American Free Trade Agreement could be extended to give officials more time to address disagreements threatening to undermine the $1.2 trillion trade pact.
Exclusive: HSBC side-steps high-profile Qatar deals in Gulf gauntlet
DUBAI/LONDON (Reuters/IFR) – A boycott of Qatar by its neighbors has prompted HSBC to turn down a leading role on Doha’s new dollar bond as the bank treads a political tightrope in the Gulf, four banking sources familiar with the decision told Reuters…
World stocks party like its ’99, dollar wilts again
LONDON (Reuters) – World stocks were set for their longest weekly winning streak since 1999 on Friday, while the dollar buckled again as its weakest run since 2010 reverberated through almost every major asset class.
