Poll: As 2016 ends, ‘Trumponomics’ tempts investors back to equities
LONDON (Reuters) – Global investors’ equity holdings rose to six-month highs in December on bets that U.S. President-elect Donald Trump’s promised fiscal splurge would spur higher growth and inflation, a Reuters monthly poll showed on Thursday.
Oil prices dip on U.S. stocks rise, Libya output boost
LONDON/SINGAPORE (Reuters) – Oil prices slipped in tepid trading on Thursday, pressured by an unexpected rise in U.S. crude inventories last week and moves by Libya to boost output over the next few months.
U.S. refiners cash in on Mexico’s record fuel imports
NEW YORK/HOUSTON (Reuters) – U.S. Gulf Coast refiners are cashing in on rising fuel demand from Mexico, shipping record volumes to a southern neighbor that has failed to expand its refining network to supply a fast-growing economy.
Wall Street and oil take the 2016 spoils
LONDON (Reuters) – Oil is set to be 2016’s top market performer, with its near 50 percent gain an outcome few would have predicted when it plunged to a 12-year low in January.
Uber removes self-driving cars from San Francisco roads
SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] has removed its self-driving cars from San Francisco streets, halting the autonomous program one week after its launch as the company faced a regulatory crackdown.
Nokia sues Apple for infringing patents, industry back on war footing
BELGRADE/HELSINKI (Reuters) – Nokia Corp said on Wednesday it had filed a number of lawsuits against Apple Inc for violating 32 technology patents, striking back at the iPhone maker’s legal action targeting the one-time cellphone industry leader a da…
Euro, Italian shares up on Monte Paschi rescue hopes
LONDON (Reuters) – European markets were poised for one last burst of action before the end of the year on Thursday, with Italy expected to outline plans to rescue the world’s oldest and now its most troubled bank, Monte dei Paschi di Siena.
Watchmaker Swatch goes into car batteries as investors question strategy
ZURICH (Reuters) – Three years ago, Swatch Group was riding high. The world’s largest watchmaker, known for its colourful plastic watches as well as upscale brands including Breguet, reported record gross sales.
IKEA agrees to $50 million settlement in dresser tip-over case-law firm
STOCKHOLM (Reuters) – IKEA has agreed to pay a total $50 million to three families in the United States whose children died when the budget furniture group’s dresser MALM tipped over them, lawyers representing the families said.
Wall Street holiday parties are back…but don’t tell anyone
NEW YORK (Reuters) – Wall Street holiday parties this year took place in luxury venues like the Waldorf Astoria, featured women dressed as glowing angels, and had fine wine, scotch and bourbon on hand.
