Westfield $16 billion Unibail-Rodamco sale rings the bell on retail’s next chapter
SYDNEY/MELBOURNE (Reuters) – For investors in Australia’s Westfield Corp , its $16 billion sale to European property giant Unibail-Rodamco may mark a turning point for a mall industry under pressure to reinvent itself amid fierce online competition.
Trump to make final tax push as Republican negotiators near deal
WASHINGTON (Reuters) – U.S. President Donald Trump will make a final push on Wednesday to shepherd a Republican tax overhaul across the finish line, hosting congressional negotiators for lunch before a speech in which he will make closing arguments for…
VW bank expects profit rise in 2017 despite diesel scandal
FRANKFURT (Reuters) – The financial arm of German carmaker Volkswagen said on Wednesday that it expects a rise in operating profit in 2017, despite a diesel scandal that has rocked the industry.
Shares eye record high as Fed heads for hat-trick
LONDON (Reuters) – Global shares were within a whisker of another record high on Wednesday as markets traded on expectations of a third U.S. interest rate hike of the year, and waited to hear from the Federal Reserve how many more are likely in 2018.
Google launching artificial intelligence research center in China
BEIJING (Reuters) – Alphabet Inc’s Google said on Wednesday it is opening an artificial intelligence (AI) research center in China to target the country’s local talent, even as the U.S. search firm’s products remain blocked in the country.
Asian shares up, dollar dips as Republicans lose Alabama Senate race
TOKYO (Reuters) – U.S. stock futures, Treasury yields and the dollar dipped on Wednesday as Democrat Doug Jones beat Republican Roy Moore in a bitter U.S. Senate race in Alabama, while Asian shares gained as crude oil futures took back some lost ground…
With rate hike in the bag, Fed may hint at Trump effect on economy
WASHINGTON (Reuters) – The Federal Reserve is widely expected to raise interest rates on Wednesday, but, more significantly, it may give its strongest hint yet on how the Trump administration’s tax overhaul could affect the U.S. economy.
Manhattan luxury condo sales skew apartment prices: survey
NEW YORK (Reuters) – A boom in newly built luxury apartments in Manhattan has skewed prices for the overall residential real estate market in the borough and masked a sharp drop in transaction volume over the past five years, a property report on Wedne…
Oil prices recover on big U.S. crude stock drawdown, pipeline shutdown supports
TOKYO (Reuters) – Oil prices rose on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles, while expectations for an extended shutdown of a major North Sea crude pipeline also continued to bolster markets.
Asian shares up, dollar dips as Democrat wins Alabama Senate race
TOKYO (Reuters) – U.S. stock futures, Treasury yields and the dollar fell on Wednesday as Democrat Doug Jones beat Republican Roy Moore in a bitter U.S. Senate race in Alabama, while Asian shares edged up as crude oil futures took back lost ground.
