Weekly jobless claims rise; import prices push higher
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits rose less than expected last week, pointing to a tightening labor market that is starting to spur faster wage growth.
Saudis cut oil output to lowest in two years, pledge further reductions
ABU DHABI (Reuters) – Saudi Arabia has cut oil output to its lowest in almost two years, its energy minister said on Thursday, as the world’s largest oil exporter leads OPEC’s drive to eradicate a global glut and prop up prices.
U.S. launches WTO complaint over Chinese aluminum subsidies
WASHINGTON (Reuters) – The Obama administration on Thursday launched a new complaint against Chinese aluminum subsidies at the World Trade Organization, accusing Beijing of artificially expanding its global market share through cheap state-directed loa…
Delta Air net profit falls 37 percent
(Reuters) – Delta Air Lines Inc on Thursday reported a 37 percent decline in fourth-quarter net profit and forecast passenger unit revenue, a closely watched metric, to be flat to up 2 percent in early 2017.
PIMCO sees possibility of China floating yuan in 2017
LONDON (Reuters) – Asset management giant PIMCO said on Thursday it thought there was a chance China could freely float its currency, the yuan, this year.
VW shareholders question bonuses in wake of U.S. diesel deal
FRANKFURT/LONDON (Reuters) – Volkswagen investors demanded reforms and questioned executive bonuses after the carmaker admitted to criminal offences in rigging U.S. emissions tests and U.S. prosecutors indicted six current and former managers over the…
As Trump meets biotech CEOs, farm advisers fret over empty USDA spot
CHICAGO (Reuters) – U.S. President-elect Donald Trump has left the agriculture secretary as the last department head to be named to his Cabinet, while a meeting with the chief executives of two agribusiness giants gave a hint at a roster of farm issues…
With new leverage, NYC’s Stringer could reshape boardrooms
BOSTON (Reuters) – U.S. public pension funds normally prefer a backseat role in overseeing the future of companies where they have billions of dollars invested.
McDonald’s inviting bids for 33 percent stake in Japan unit: WSJ
(Reuters) – McDonald’s Corp is inviting bids for a significant stake in its Japan unit McDonald’s Holdings Co Japan Ltd , the Wall Street Journal reported, citing people familiar with the situation.
Trump’s tax cuts may pressure U.S.’s top credit rating: Fitch
LONDON (Reuters) – U.S. President-elect Donald Trump’s plans to slash taxes could threaten the country’s triple-A credit rating over the medium term, the head of EMEA sovereign ratings at the Fitch agency said on Thursday.
