Asia shares steady on strong U.S. data, holiday-thin trade cap gains
TOKYO (Reuters) – Asian shares were steady on Thursday, taking their cue from strong U.S. data though many markets failed to build on early gains in holiday-thinned trade and due to uncertainty about the impact of recent hurricanes on the U.S. economy….
Wall Street rally on pause, but more gains seen in 2018: Reuters poll
NEW YORK (Reuters) – A more than eight-year bull market on Wall Street will simmer for the rest of 2017 before picking up again next year, said strategists in a Reuters poll who were optimistic about corporate profits but concerned about slow tax refor…
Asian shares edge up slightly after strong U.S. data
TOKYO (Reuters) – Asian shares were a tad firmer on Thursday, taking their cues from strong U.S. data although holiday-thinned trade and uncertainty about the impact of recent hurricanes on the U.S. economy are likely to keep investors cautious.
Peugeot bets on utility cars, premium SUVs to boost Brazil sales
SAO PAULO (Reuters) – French car maker Peugeot SA on Wednesday said it was focusing on utility vehicles to lift its market share in Brazil and would offer a similar set of models as it sells in Europe.
U.S. budget deficit could obstruct Trump’s tax cut plan
WASHINGTON (Reuters) – The U.S. budget deficit is proving to be a major obstacle to the tax reform plan being offered by President Donald Trump and top congressional Republicans, with one leading Senate hawk saying a week after the plan was introduced …
Wall St. extends run of record highs; services data upbeat
NEW YORK (Reuters) – U.S. stocks edged up to extend their run of record closing highs on Wednesday as data on the services sector added to signs of strength in the economy and prospects for earnings.
U.S. business groups say WTO unable to curb many Chinese trade practices
WASHINGTON (Reuters) – U.S. business groups expressed frustration on Wednesday with what they said are China’s efforts to tilt the economic playing field in favor of domestic companies, adding that World Trade Organization rules are insufficient to pol…
Canada’s Shopify slides after Citron criticism
TORONTO (Reuters) – Shopify Inc shares fell by over 11 percent on Wednesday after short-seller Citron Research said the Canadian provider of online retailing software was overvalued, according to traders and analysts.
Trump to keep Obama rule curbing corporate tax inversion deals
WASHINGTON (Reuters) – The Trump administration will keep for now an Obama-era rule that helped halt a wave of U.S. corporations moving abroad via tax-driven corporate inversion deals, it said on Wednesday, but added that it expected tax reform to obvi…
U.S. lawmakers seek to shut banks that harm consumers
WASHINGTON (Reuters) – U.S. House Democrats introduced legislation on Wednesday to direct banking regulators to review operations at the country’s largest banks and consider shutting them down if they exhibit repeated wrongdoing to consumers.
