German watchdog warns against financial deregulation after Trump win
FRANKFURT (Reuters) – Germany’s financial watchdog warned against a loosening of post-financial crisis bank regulations on Friday.
EU questions U.S. over Yahoo email scanning, amid privacy concerns
BRUSSELS (Reuters) – The European Commission has asked the United States about a secret court order Yahoo used to scan thousands of customer emails for possible terrorism links, following concerns that may have violated a new data transfer pact.
TomTom targeting deals with U.S. automakers: CEO
AMSTERDAM (Reuters) – TomTom’s order intake from carmakers is currently lagging last year’s, but the emergence of rival Here backed by a trio of German automakers means other manufacturers are keener to do business with the Dutch navigation firm, its C…
Russia’s Putin sees risk of budget deficit exceeding 3.7 percent of GDP
MOSCOW (Reuters) – Russian President Vladimir Putin said on Friday there was a risk this year’s federal budget deficit could slightly exceed 3.7 percent of gross domestic product.
OPEC points to even bigger 2017 oil surplus as its output jumps
LONDON (Reuters) – OPEC reported an increase in its oil production in October to a record high led by members hoping to be exempt from the producer group’s attempt to curb supply, pointing to an even larger global surplus next year.
Action on banknotes provides a boon to struggling Indian lenders
MUMBAI (Reuters) – India’s withdrawal of larger banknotes from circulation is sparking a surge in cash deposits and raising hopes the added liquidity will allow banks to lower lending rates more aggressively.
Trump victory prompts U.S. fund managers to focus on inflation
NEW YORK (Reuters) – Donald Trump’s surprise victory in the U.S. presidential race is pushing mutual fund managers out of dividend stocks and into the shares of financial, industrial and materials companies that stand to benefit from rising inflation.
Brazil court rules Vale, BHP, Samarco to deposit $354 million after dam burst
SAO PAULO (Reuters) – Brazilian iron ore mining joint venture Samarco Mineração SA and its controllers Vale SA and BHP Billiton Ltd have 30 days to make a deposit of 1.2 billion reais ($354 million) to fund preparatory measures after last year’s dam disaster, Vale said on Friday.
Tencent splurges with $220 million worth of shares in surprise birthday giveaway
HONG KONG (Reuters) – Chinese tech giant Tencent Holdings Ltd is giving its employees more than HK$1.7 billion ($220 million) worth of company shares to help celebrate its 18th anniversary.
‘Hard’ Brexit most likely outcome for UK leaving EU, says S&P
LONDON (Reuters) – A “hard” Brexit in which Britain loses its free access to the European Union market now looks like the most likely outcome of the country’s plan to leave the bloc, ratings agency Standard & Poor’s said on Friday.
