Japan Inc believes Abe, Trump don’t want to see excessive yen weakness: Reuters poll
TOKYO (Reuters) – Japanese companies believe that neither U.S. President Donald Trump nor Japan Prime Minister Shinzo Abe want to see the yen weaken significantly, a Reuters poll showed, a development they worry could spark an unwelcome political backl…
Ministers laud strong start to OPEC, non-OPEC oil output cuts
VIENNA (Reuters) – OPEC and non-OPEC countries have made a strong start to lowering their oil output under the first such pact in more than a decade, energy ministers said on Sunday as producers look to reduce oversupply and support prices.
Foxconn CEO says investment for display plant in U.S. would exceed $7 billion
TAIPEI (Reuters) – Foxconn, the world’s largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion, company chairman and chief executive Terry Gou said on Sund…
Chief of Taiwan’s Foxconn says rise of protectionism unavoidable
TAIPEI (Reuters) – The head of Foxconn, the world’s largest contract manufacturer of electronic goods and a major Apple Inc supplier, said on Sunday that the rise of protectionism is unavoidable.
Wall Street Week Ahead: Optimism among S&P 500 CEOs as Trump takes power
SAN FRANCISCO (Reuters) – U.S. President Donald Trump’s administration is only hours old, but already a small parade of S&P 500 companies’ chiefs have voiced optimism that his promised tax cuts, stimulus spending and deregulation will boost corporate profits.
Apple files $1 billion lawsuit against chip supplier Qualcomm
(Reuters) – Apple Inc filed a $1 billion lawsuit against supplier Qualcomm Inc on Friday, days after the U.S. government accused the chip maker of resorting to anticompetitive tactics to maintain a monopoly over key semiconductors in mobile phones.
Investment Focus: History suggests Trump month will be stocks down, dollar up
LONDON (Reuters) – For financial markets, the Trump era begins on Monday, and if history is any guide the following month should be a rocky one for Wall Street but positive for the dollar.
Wall Street ends higher as Trump becomes president
NEW YORK (Reuters) – U.S. stocks closed higher on Friday in a modest but broad-based advance as Donald Trump was sworn in as U.S. President, marking the first time in more than 50 years that a new commander-in-chief has been welcomed by a rising equity…
U.S. bankruptcy court judge OKs $425 million for Avaya loan
NEW YORK (Reuters) – A U.S. bankruptcy court judge granted Avaya Inc approval on Friday to tap $425 million of the $725 million loan proposed to carry the telecommunications company through its restructuring, funds the company said were essential to co…
Morgan Stanley CEO James Gorman’s 2016 pay up 7 pct to $22.5 million
(Reuters) – Morgan Stanley Chief Executive James Gorman’s overall pay rose 7 percent in 2016 as the Wall Street bank’s stock soared and it edged closer to hitting a key profitability target.
