IMF board renews $250 billion crisis fund for another five years
WASHINGTON (Reuters) – The International Monetary Fund said on Friday its executive board approved the renewal of its $250 billion crisis lending fund, the New Arrangements to Borrow, for another five-year period starting Nov. 17.
Two major Russian banks say hit by cyber attacks
MOSCOW (Reuters) – Two of Russia’s largest banks, Sberbank and Alfa Bank, say they have been hit by cyber attacks in recent days.
U.S. trade talks in deep freeze after Trump win, says EU
BRUSSELS (Reuters) – Donald Trump’s election to the White House has consigned EU/U.S. trade talks to the deep freeze and they are unlikely to resume for some time, the European Union said on Friday.
Oil prices tumble 3 percent after OPEC data adds to glut worries
NEW YORK (Reuters) – Oil prices tumbled more than 3 percent on Friday after OPEC said October output reached another record, casting doubt on whether its plan to limit production is achievable or enough to ease persisting oversupply in the market.
Case ‘quite strong’ for gradual rate rises, Fed monitoring markets: Fischer
SANTIAGO (Reuters) – U.S. economic growth prospects appear strong enough for the Federal Reserve to proceed with gradual interest rate rises but the central bank is monitoring an increase in long-term U.S. government borrowing costs, Fed Vice Chair Sta…
J.C. Penney posts surprise drop in same-store sales, shares slip
(Reuters) – J.C. Penney Co Inc reported a surprise 0.8 percent fall in quarterly comparable-store sales on Friday, reflecting weak traffic, increasing competition from online and off-price retailers and a general shift away from spending on apparel.
Once critical, Gulf executives want to do business with Trump
DUBAI (Reuters) – Gulf executives who were upset by Donald Trump’s campaign trail comments about Muslims took a conciliatory tone following his election victory and said they were open for business with the United States.
Tata Sons seeks to oust ex-chairman from boards of Tata group companies
MUMBAI (Reuters) – India’s Tata Sons has called shareholder meetings at group companies including Tata Motors and Tata Steel in an attempt to drive out former chairman Cyrus Mistry from the operating businesses of the $100 billion steel-to-software con…
After Trump win, critic Buffett sees strong stocks, trade hurdles
WASHINGTON (Reuters) – Billionaire investor Warren Buffett defended the stock market’s strength and raised doubts about President-elect Donald Trump’s trade agenda in a CNN interview broadcast on Friday, just days after the U.S. election.
Audi CEO to face renewed VW emissions inquiry: sources
BERLIN (Reuters) – Audi Chief Executive Rupert Stadler will again be questioned by U.S. law firm Jones Day on a reported discovery of a new cheat software device at the luxury car brand, two people familiar with the matter said.
