Exclusive: Kering evaluating Puma options including spin to shareholders – sources
FRANKFURT/LONDON (Reuters) – French luxury goods group Kering is evaluating options for its German sports goods brand Puma , including a spin-off of Puma to its own shareholders, two people close to the matter said.
Hong Kong, London, New York shortlisted for Aramco IPO: sources
DUBAI/LONDON (Reuters) – Saudi Arabia has shortlisted New York, London and Hong Kong – singly or in a combination of two or even all three – for the international portion of the listing of national oil company Aramco, two sources with knowledge of the …
Chances of U.S. leaving NAFTA must be taken seriously: Canada
LONDON, Ontario (Reuters) – The United States must be taken seriously when it says it might walk away from NAFTA, Canada’s foreign minister said on Thursday, a day after government sources said Ottawa was increasingly convinced U.S. President Donald Tr…
With a lower tax bill in sight, Walmart to raise its U.S. minimum wage
NEW YORK (Reuters) – Walmart Stores Inc will raise entry-level wages for U.S. hourly employees to $11 an hour in February as it benefits from last month’s major overhaul of the U.S. tax code, the company said on Thursday.
Wall Street climbs on gains in energy stocks
(Reuters) – U.S. stocks rose on Thursday with a broad-based rally across sectors as speculation over China halting U.S. bond purchases eased and investors focused on quarterly earnings reports and higher oil prices.
U.S. producer prices fall; jobless claims up for fourth straight week
WASHINGTON (Reuters) – U.S. producer prices fell for the first time in nearly 1-1/2 years in December amid declining costs for services, which could temper expectations that inflation will accelerate in 2018.
Exclusive: Saudi state taking control of Binladin construction giant – sources
RIYADH/DUBAI (Reuters) – Saudi Arabia is taking managerial control of Saudi Binladin Group and discussing a possible transfer of some of the giant construction group’s assets to the state while its chairman and other family members are in detention, so…
Delta raises profit forecast, shares jump
(Reuters) – Delta Air Lines Inc reported better-than-expected profit for the fourth quarter on Thursday, helped by higher business fares and a busy holiday travel season, and forecast even better performance in the current quarter on strong demand for…
Wall Street set to open higher as bond market worries ease
(Reuters) – Wall Street was set for a positive session on Thursday, as speculation over China halting U.S. bond purchases eased and investors focused on quarterly earnings reports and rising oil prices.
ECB warning shot sends euro, bond yields higher
LONDON (Reuters) – The euro and bond market borrowing costs jumped on Thursday, as the European Central Bank signaled its 2.5 trillion euro stimulus program could be wound down relatively swiftly this year.
