GE’s Immelt says U.S. ‘diverging’ from the world
(Reuters) – The United States is “diverging” from the rest of the world and will be “less of a leader in trade”, General Electric Co Chief Executive Jeffrey Immelt said in a letter to shareholders.
Dow hits 12th record high close; Trump talks up infrastructure spending
NEW YORK (Reuters) – U.S. stocks ended slightly higher on Monday and the Dow closed at a record high for a 12th straight session, as President Donald Trump said he would make a “big” infrastructure statement on Tuesday.
Litasco CEO sees oil range-bound in 2017, looks to expand
LONDON (Reuters) – Oil prices are likely to stay in a tight range between $50 and $60 a barrel this year as a recovery in U.S. shale output counterbalances the OPEC supply cut deal to reduce the global glut, Litasco Chief Executive Tim Bullock said in …
U.S. core capital goods orders fall; manufacturing recovery intact
WASHINGTON (Reuters) – New orders for key U.S.-made capital goods unexpectedly fell in January after three straight months of strong gains, but did little to change views that manufacturing was recovering from a prolonged downturn amid rising commodity…
Buffett tells CNBC Berkshire bought 120 million Apple shares in 2017
NEW YORK (Reuters) – Billionaire investor Warren Buffett told CNBC on Monday his conglomerate Berkshire Hathaway Inc had more than doubled its stake in Apple Inc. since the end of 2016, making it one of Berkshire’s biggest equity holdings, and that U.S…
Upstart analysts show banks the way in new era for research
LONDON (Reuters) – From a non-descript office in south London, Mark Hiley may be showing the way for Wall Street giants such as JPMorgan and Merrill Lynch to adapt to new European rules requiring them to charge an explicit fee for investment research.
Oil steady as rising U.S. output offsets record bullish bets
NEW YORK (Reuters) – Oil prices ended little changed on Monday as the prospect for U.S. crude production to continue growing offset reports of high compliance to the OPEC production cut agreement and record bullish bets that prices would rise further.
Alibaba says poor laws, enforcement behind spread of fakes
BEIJING (Reuters) – China’s Alibaba Group Holding Ltd on Monday blamed ambiguous laws and lax penalties at the root of its difficulties in enforcing laws against counterfeiting, as the firm lobbies to be taken off a U.S. blacklist of marketplaces notor…
Russia’s VTB plans to slim down in Europe, keep London as hub
MOSCOW (Reuters) – Russian bank VTB plans to cut costs by slimming down its operations in the European Union to focus on Frankfurt while keeping London as the base for its investment banking business, the bank’s first deputy president said.
Amazon, Netflix grab a share of Oscar glory
LOS ANGELES (Reuters) – Silicon Valley crashed Hollywood’s biggest awards show on Sunday as Amazon.com Inc and Netflix Inc collected the first Academy Awards for streaming services while independent studio A24 won the coveted best picture Oscar.
