Among the shocks, steady global growth is the biggest surprise
LONDON (Reuters) – In a year of political shocks, the unexpected strength of the global economy going into 2017 may be the most enduring surprise for financial markets.
In Trump stronghold, factories are humming but paychecks are thin
GRAND RAPIDS, Mich./WASHINGTON (Reuters) – When President-elect Donald Trump returns to this factory town on Friday for a victory celebration, he will find a region that is already experiencing the manufacturing renaissance he promised on the campaign …
American Airlines raises fourth-quarter unit revenue forecast
(Reuters) – American Airlines Group Inc said higher average fares per mile have boosted its revenue and profit expectations for the fourth quarter, a day after rival United Continental Holdings Inc also raised forecasts.
Peet’s expanding roasting capacity amid premium coffee boom
(Reuters) – Peet’s Coffee & Tea, a longtime rival to Starbucks Corp , said on Friday it will invest $58 million to open a new coffee roasting facility in Suffolk, Virginia, to support its expanding business in an increasingly competitive environment.
U.S. wholesale inventories fall in October
WASHINGTON, (Reuters) – U.S. wholesale inventories fell as previously reported in October amid a surge in sales, supporting views that inventory investment would provide a modest boost to economic growth in the fourth quarter.
Swiss seize evidence from AMAG group in VW emissions case
ZURICH (Reuters) – Swiss prosecutors have opened criminal proceedings and seized evidence from the AMAG dealership network after an appellate court ruled Swiss investigators must conduct their own investigation of an emissions scandal at German carmake…
Aixtron considers partial sell-off after Chinese deal blocked
FRANKFURT (Reuters) – German semiconductor chipmaking machinery company Aixtron may sell off part of its business, its chief executive said in an interview published on Friday, opening the door for bidders after a deal with a Chinese company collapsed…
U.S. shares most attractive but recession may loom: Principal Global CEO
TOKYO (Reuters) – Principal Global Investors has upgraded its view on the U.S. economy and equities as it sees higher growth because of likely tax cuts and increased fiscal spending from the incoming U.S. administration, its chief executive officer sai…
German pilots’ union says to resume talks with Lufthansa next week
FRANKFURT (Reuters) – German pilots’ union Vereinigung Cockpit said it would resume wage talks with Lufthansa next week and would hold off further strikes until the end of negotiations.
Saudis order oil cuts to U.S., Europe ahead of non-OPEC talks
SINGAPORE/TOKYO/DUBAI (Reuters) – Saudi Arabia has told its U.S. and European customers it will reduce oil deliveries from January as Russia signaled that a commitment from non-OPEC producers to join OPEC’s output limits still faced challenges.
