Deutsche Bank’s ‘smoking gun’ evidence to expand U.S. silver rigging case
NEW YORK (Reuters) – Lawyers for investors accusing several major banks of conspiring to rig silver prices are seeking to add five new defendants to the case, based what they call “smoking gun” evidence they obtained from Deutsche Bank AG following a s…
U.S. jobless claims drop from five-month high
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits fell from a five-month high last week, pointing to labor strength that underscores the economy’s sustained momentum.
Ericsson says Swedish staff cuts running ahead of plan
STOCKHOLM (Reuters) – Struggling telecom equipment maker Ericsson said on Thursday sweeping staff cuts in its Swedish home market were running ahead of schedule, resulting in higher restructuring costs this year.
ECB spooks bond markets with stimulus slowdown
LONDON (Reuters) – A signal from the European Central Bank that it would slow its stimulus program from April next year spooked bond and money markets on Thursday and triggered a short sharp surge in the euro.
Poll: U.S. economic outlook unmoved so far after Trump win
(Reuters) – Donald Trump’s shock White House win has not altered U.S. economic forecasts much, with economists in a Reuters poll expecting three rate rises by the end of next year based on little follow-through on most of the soon-to-be president’s pr…
Sears Holdings posts loss for fifth straight quarter
(Reuters) – Retailer Sears Holdings Corp reported its fifth straight quarterly loss and said there was no guarantee when it would return to profitability.
ThyssenKrupp secrets stolen in ‘massive’ cyber attack
FRANKFURT (Reuters) – Technical trade secrets were stolen from the steel production and manufacturing plant design divisions of ThyssenKrupp AG in cyber attacks earlier this year, the German company said on Thursday.
Oil rallies over $50 despite OPEC output cut doubts
LONDON (Reuters) – Oil prices recovered above $50 a barrel on Thursday, bouncing back from the week’s lows as the dollar weakened against major currencies.
Poll: OPEC deal will pack little punch in raising oil prices
(Reuters) – OPEC’s landmark oil-production deal may prove effective in running down global inventories, but analysts hold little hope for much of a rise in prices, a Reuters poll showed on Thursday.
Chinese trade data shows signs of industrial recovery
BEIJING (Reuters) – China’s imports grew at the fastest pace in more than two years in November, fueled by its strong thirst for commodities from coal to iron ore, while exports also rose unexpectedly, reflecting a pick-up in both domestic and global d…
