Caterpillar shares rise as import practices scrutinized
(Reuters) – Caterpillar Inc’s shares gained on Friday, the day after U.S. law enforcement officials raided three of the company’s Illinois facilities, as the Trump administration promised stricter scrutiny of multinationals’ import and export practice…
Fed and ECB go their separate ways
FRANKFURT (Reuters) – Two of the world’s biggest central banks are likely to find themselves with a bigger policy gap by the end of the coming fortnight
Wall Street steady after Yellen signals rate hike this month
(Reuters) – The S&P 500 and Nasdaq closed out their sixth straight week of gains with a flat session after Janet Yellen signaled the Federal Reserve is set to raise interest rates this month if employment and other economic data hold up.
Investors still chasing inflation trade with $9.8 billion equity inflows: BAML
LONDON (Reuters) – Investors continued to chase the inflation trade in the week that U.S. President Donald Trump reiterated his pledges on tax cuts and spending, and Fed officials hinted at a March rate hike, Bank of America Merrill Lynch (BAML) said o…
Nestle and Coke end Nestea iced tea venture
ZURICH/LONDON (Reuters) – Nestle and Coca-Cola Co have agreed to end their Nestea iced tea joint venture after 16 years and pursue separate strategies in the fast-changing bottled drinks market.
Murdoch’s Fox seeks EU okay for $14.4 billion Sky takeover bid
BRUSSELS (Reuters) – Rupert Murdoch’s Twenty-First Century Fox has asked EU antitrust regulators to approve its $14.4 billion takeover bid for European pay-TV company Sky , a filing on the European Commission showed on Friday.
Infiniti hints at F1-inspired high-performance car
BEIJING (Reuters) – Infiniti, Nissan Motor Co’s premium brand, will display a concept car at next week’s Geneva motor show that will hint at a new “Formula One-inspired” high-performance model based on its Q60 coupe.
Audi CEO steps down from Piech family foundation
VIENNA/FRANKFURT (Reuters) – Audi Chief Executive Rupert Stadler has stepped down from leadership roles at the Piech family foundation, Austrian company filings showed.
Samsung chief’s ‘trial of the century’ to start next week
SEOUL (Reuters) – Samsung Group leader Jay Y. Lee will go on trial for bribery and embezzlement on Thursday, a court said, amid a corruption scandal that has rocked South Korea and led to the impeachment of the president.
Global stocks off highs, dollar edges lower as Fed rate rise looms
LONDON (Reuters) – The dollar retreated on Friday after two days of gains while world stocks pulled further back from all-time highs as investors unwound positions on growing expectations that the U.S. Federal Reserve will raise interest rates later th…
