Oil price rally likely short-lived as OPEC deal not enough to reduce glut
(Reuters) – The oil price rally sparked by an OPEC-Russia deal to cut output is likely to be short-lived, say traders in Asia, because the agreement may only draw more supplies from storage tanks and more crude shipments from the United States.
Lower grocery prices, food stamp cuts hit Dollar General results
(Reuters) – Discount retailer Dollar General Corp reported a surprise drop in quarterly comparable sales and tempered its full-year profit forecast, hit by lower grocery prices and reduced food stamp coverage in several U.S. states.
Citic-Carlyle near deal to buy McDonald’s China assets: source
(Reuters) – A consortium led by private-equity firm Carlyle Group and Chinese conglomerate Citic Group Corp has neared a deal to buy McDonald’s Corp’s stores in China and Hong Kong for up to $3 billion, a source with direct knowledge of the matter sa…
Kroger’s net income falls 8.6 percent
(Reuters) – Kroger Co , the biggest U.S. supermarket chain, reported an 8.6 percent fall in quarterly profit, hurt by falling grocery prices.
Europe building up pipeline of big-league tech IPOs: investors
HELSINKI (Reuters) – Europe, which has long trailed Silicon Valley and China when it comes to creating independent global tech giants, is building up a pipeline of more meaty stock market candidates looking to list in 2017, Slush tech start-up conferen…
Exclusive: Europe’s biggest tech hope Spotify starts talking about profit
HELSINKI (Reuters) – Music streaming service Spotify, one of Europe’s most valuable tech start-ups, could start to become profitable as early as next year, said a board member who was also one of the company’s first investors.
Global factories had bumper November but growth may have peaked
LONDON/HONG KONG (Reuters) – Manufacturers around the globe performed strongly in November, but concerns about the protectionist leanings of U.S. President-elect Donald Trump and an OPEC-induced oil price rally could curtail future growth.
Markets swing violently against Italy without clear idea of outcome
LONDON (Reuters) – Speculators convinced the euro zone faces fresh instability have zeroed in on Italy’s constitutional reform referendum on Sunday, amassing huge bets on a slump in Italian banks and bonds should Prime Minister Matteo Renzi lose the vo…
Britain to decide how to spend taxpayers’ money post-Brexit: PM May’s spokeswoman
LONDON (Reuters) – Britain will decide how it spends taxpayers’ money after it leaves the EU and is looking at ways of securing the best access for businesses to the bloc after Brexit, a spokeswoman for Prime Minister Theresa May said on Thursday.
Separation anxiety: Trump’s management style poses challenges in Oval Office
NEW YORK (Reuters) – It has proven one of Donald Trump’s greatest strengths in building a worldwide luxury brand: An obsessive attention to detail, down to the curtains hanging in hotel rooms and the marble lining the lobby floor.
