Blackstone picks Luxembourg for EU base: Luxembourg official says
LONDON (Reuters) – Private equity firm Blackstone is among a number of financial services companies to have chosen Luxembourg as the site for a European Union subsidiary following Britain’s vote to leave the EU, the head of Luxembourg’s financial deve…
Wall Street drifts with eyes on Fed; Intel drops
NEW YORK (Reuters) – U.S. stocks ended little changed in light volume on Monday, with traders eyeing a Federal Reserve meeting expected to result in an interest rate increase later this week.
Captains of German industry to accompany Merkel on Trump trip
FRANKFURT (Reuters) – Bosses of German companies including engineering group Siemens and carmaker BMW will travel with Chancellor Angela Merkel to meet U.S. President Donald Trump this week, sources familiar with the matter told Reuters.
Intel’s $15 billion purchase of Mobileye shakes up driverless car sector
JERUSALEM/DETROIT (Reuters) – Intel Corp agreed to buy Israeli autonomous vehicle technology firm Mobileye for $15.3 billion on Monday in a deal that could thrust the U.S. chipmaker into direct competition with rivals Nvidia Corp and Qualcomm Inc t…
Toshiba seeking to extend Tuesday deadline for third-quarter disclosure: sources
TOKYO (Reuters) – Japan’s Toshiba Corp is seeking to extend its Tuesday deadline for submitting official third-quarter earnings due to disagreements with auditors over issues at its U.S. nuclear unit Westinghouse, sources familiar with the matter said…
Ford’s Lincoln plans to produce luxury SUV in China by late 2019
BEIJING (Reuters) – Ford Motor Co’s luxury unit Lincoln plans to produce luxury SUVs in China by late 2019, as it steps up its move into the world’s largest auto market and aims to catch up with German and U.S. rivals who already manufacture in the As…
At the Fed, spring comes early with return to new ‘normal’
WASHINGTON(Reuters) – U.S. household wealth has hit record levels. U.S. stock prices recently hit all-time highs. Inflation is nearing the Federal Reserve’s 2.0 percent goal, and the world economy including the once-sick eurozone has skirted the risk …
Exclusive: BlackRock vows new pressure on climate, board diversity
BOSTON (Reuters) – BlackRock Inc, which wields outsized clout as the world’s largest asset manager, planned on Monday to put new pressure on companies to explain themselves on issues including how climate change could affect their business as well as b…
Global stocks, dollar up slightly as pivotal week for markets gets underway
LONDON (Reuters) – An event-packed week for global markets got underway on Monday with stocks steady and the dollar recovering from a three-day fall as investors braced for a potential interest rate hike in the United States, a Dutch election and the f…
Oil settles a tad lower after sliding to 3-month lows
NEW YORK (Reuters) – Oil prices settled a few cents lower on Monday, retracing much of an early retreat to three-month lows in a steep slide that began last week as investors wondered whether swelling U.S. crude supplies would hinder OPEC’s efforts to …
