In glitzy Singapore, hotels’ success recipe is being average
SINGAPORE (Reuters) – Liesbeth Foesters travels for business around the world, but none of her hotel rooms was smaller than the one she got in Singapore. Her company has a tight budget.
Morgan Stanley exploring move to Manhattan’s West Side: WSJ
(Reuters) – Morgan Stanley is exploring a move to Hudson Yards, the vast development site on Manhattan’s West Side, The Wall Street Journal reported, citing people familiar with the matter.
Republican plan would ease Wall Street rules, as party embraces deregulation
WASHINGTON (Reuters) – The Republican chairman of a key House of Representatives committee has laid out his plan to roll back Wall Street rules and consumer protections conceived after the 2008 financial crisis, a step that will largely define the fina…
Trump tax talk lifts Wall Street to record high
(Reuters) – Wall Street’s three main indexes surged to fresh record highs on Thursday after President Donald Trump said he would make a major tax announcement in a few weeks.
Twitter advertising revenue falls, shares drop more than 10 percent
(Reuters) – Twitter Inc posted the slowest revenue growth since it went public four years ago, sending shares down more than 10 percent on Thursday on fears that rivals Snapchat and Facebook Inc were winning the war for advertising.
Exclusive: Blackstone to acquire Aon’s benefits outsourcing for $4.8 billion – sources
NEW YORK (Reuters) – Private equity firm Blackstone Group LP has agreed to acquire insurance broker Aon Plc’s employee benefits outsourcing business for around $4.8 billion, people familiar with the matter said on Thursday.
U.S. court blocks Anthem-Cigna merger, dealing blow to consolidation
(Reuters) – A federal judge on Wednesday ruled against U.S. health insurer Anthem Inc’s proposed $54 billion merger with smaller rival Cigna Corp , derailing an unprecedented effort to consolidate the country’s health insurance industry.
Exclusive: EU sharpens competition tools to face Gulf carrier challenge
BRUSSELS (Reuters) – The European Commission is set to revamp a law enabling it to impose duties on non-EU airlines or suspend their flying rights if it finds they have caused injury to European airlines, as it seeks to counter rising competition from …
Fiat Chrysler CEO complains about emissions rules ‘mess’ in Europe
TURIN (Reuters) – Fiat Chrysler CEO Sergio Marchionne complained on Thursday about emissions regulations in the European Union, saying that the single market was meant “to avoid this mess”.
Hedging demand perks up even as volatility craters
NEW YORK (Reuters) – Soaring U.S. share prices and plunging market volatility measures may paint a picture of optimism, but there are signs in the equity options market that investors have started to question how long this goldilocks period can last.
