Steinhoff shares climb off 14-year low in volatile trade
JOHANNESBURG (Reuters) – Steinhoff shares plunged another 50 percent on Friday, before paring some losses as traders booked profits on short positions taken out after the South African retailer disclosed accounting irregularities earlier this week.
Teva considering cutting up to 10,000 jobs: Bloomberg
(Reuters) – Teva Pharmaceutical Industries Ltd is considering cutting up to 10,000 jobs as CEO Kare Schultz seeks to reduce $1.5 billion to $2 billion in costs over the next two years, Bloomberg reported, citing people familiar with the matter.
Wall Street rises as jobs data shows strength in economy
(Reuters) – U.S. stocks were pushed higher on Friday by a stronger-than-expected jobs data for November, which indicated improving economic fundamentals at the world’s largest economy in the run up to a near certain interest rate hike next week.
Trump says fines against Wells Fargo won’t be dropped: Twitter
WASHINGTON (Reuters) – U.S. President Donald Trump took aim at the country’s third-largest bank on Friday tweeting that government fines and penalties against Wells Fargo & Co could be “substantially increased” amid an on-going sales scandal.
U.S. tax repatriation plan may not cure long-term dollar weakness
NEW YORK (Reuters) – Investors looking for the U.S. Republican tax bill to prompt multinational companies to convert foreign profits into dollars and end the worst slide in the greenback in a decade may have to temper their hopes for a prolonged reboun…
CVS expects Justice Department to handle review of Aetna deal
WASHINGTON (Reuters) – CVS Health Corp expects the U.S. Justice Department to do the antitrust review of its planned acquisition of health insurer Aetna Inc, a spokesman for the drugstore chain operator said.
After dramatic gains, bitcoin tumbles 20 percent in 10 hours
LONDON/TOKYO (Reuters) – Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse.
Strong U.S. jobs growth data lifts Wall Street
(Reuters) – Wall Street’s stock indexes opened higher on Friday after the latest jobs data showed strength in the U.S. economy and bolstered the case for a December interest rate hike.
Singapore’s ComfortDelGro buys majority stake in Uber unit
(Reuters) – Singapore’s top taxi operator ComfortDelGro Corp will buy a 51 percent stake in a unit of Uber [UBER.UL] that runs a fleet of private hire vehicles, as the companies seek to bridge the gap with dominant ride-hailing firm Grab.
Roche, Novartis’ Italian heads risk trial for alleged market rigging: sources
ROME (Reuters) – The local heads of Swiss drugmakers Roche and Novartis risk facing trial in Italy for alleged market manipulation, judicial sources said on Friday.
