S&P 500 sets record close as energy jumps
NEW YORK (Reuters) – Major U.S. stock indexes gained on Friday, with the S&P 500 closing at a record high, as energy stocks tracked a rebound in oil prices and U.S. job creation rose.
Frankfurt lays claim to Wall Street banks after Brexit
FRANKFURT (Reuters) – The five largest U.S. investment banks are set to move hundreds of key staff within two years from London to Frankfurt, the city’s chief lobbyist told Reuters, in a move that could bolster Germany’s role in global finance.
NYC coffee shop sues Starbucks over Unicorn beverage
(Reuters) – Starbucks Corp may be in a bit of hot water over its Unicorn beverage as a New York City coffee shop has filed a federal trademark infringement lawsuit against the coffee chain over the popular drink, court documents showed.
Drop in diesel car demand could put brakes on autos finance boom
LONDON/FRANKFURT (Reuters) – A plunge in sales of diesel cars in Europe’s two biggest markets is helping to drive down the value of used vehicles, posing a risk to the lucrative financing plans used by major automakers to sell millions of cars. Graphic…
With maiden jet flight, China enters dog-fight with Boeing, Airbus
SHANGHAI (Reuters) – China’s home-grown C919 passenger jet completed its long-delayed maiden flight on Friday, a major first step for Beijing as it looks to raise its profile in the global aviation market and boost high-tech manufacturing at home.
TransCanada profit beats on U.S., Mexican pipeline businesses
(Reuters) – Canada’s No. 2 pipeline operator, TransCanada Corp , reported a better-than-expected quarterly profit, helped by higher earning from its U.S. and Mexican natural gas pipelines business.
DBS to seek bids for non-life insurance distribution deal: sources
SINGAPORE/HONG KONG (Reuters) – DBS Group plans to invite bids from insurers keen to sell general insurance products across the key markets of Southeast Asia’s biggest lender, in a deal potentially worth up to $350 million, sources familiar with the m…
AllianzGI CEO on wave of populism: ‘More worried than I’ve ever been’
LUXEMBOURG (Reuters) – The explosion of populism that swept Donald Trump into the White House and triggered Brexit has made for the most worrying political climate in decades and greatly increased uncertainty for investors, the CEO of Allianz Global In…
With Obamacare vote, House Republicans free to turn to tax reform
WASHINGTON (Reuters) – The Republican-controlled U.S. House of Representatives plans to turn to tax reform in earnest, after concluding a lengthy healthcare debate this week with a vote to repeal and replace Obamacare.
Apple plans new store in “red dot” Singapore
SINGAPORE (Reuters) – Apple Inc is getting ready to open its first Apple Store in Singapore on the island’s prime Orchard Road shopping boulevard.
