VW bets on Golf update to bolster brand revival
WOLFSBURG, Germany (Reuters) – Volkswagen launched a technology-packed updated version of its top-selling Golf hatchback on Thursday to underpin efforts to revive its core brand.
Bets on Trump loosening purse strings spark global reflation trades
LONDON (Reuters) – From construction companies in Spain to copper traders in London’s financial district, Donald Trump’s victory in the U.S. presidential election is being felt around the world as investors bet on a lasting rise in global inflation.
Department store shares get a boost from upbeat Macy’s and Kohl’s
(Reuters) – Macy’s Inc and Kohl’s Corp struck an optimistic note going into the holiday shopping season, giving a rare boost to shares of department store operators, which have struggled to grow in the face of intense competition from online retailer…
ConocoPhillips aims to sell up to $8 billion in gas assets
(Reuters) – ConocoPhillips , the largest U.S. independent oil producer, will sell up to $8 billion in natural gas assets and trim its capital budget by 4 percent next year to provide funds to bolster operations, executives said on Thursday.
U.S. election outcome leaves Fed on track, could end gridlock: Bullard
ST. LOUIS (Reuters) – The Republican sweep of the White House and Congress could break the current gridlock over national policy in a potential boon to the U.S. economy, St. Louis Federal Reserve bank president James Bullard said on Thursday.
Google lawyer says Android helps rather than harms competition
BRUSSELS (Reuters) – Google’s Android mobile operating system boosts competition rather than hurts it, the company’s general counsel said on Thursday, in a rebuttal of EU antitrust charges that it uses the platform to crush rivals.
IMF looks forward to working with Trump, won’t judge his trade views
WASHINGTON (Reuters) – The International Monetary Fund said on Thursday it looks forward to working with the Trump administration and believes the United States will remain fully committed to the Fund and other international institutions.
Thyssen manager steps down after accepting gift from business partner
FRANKFURT (Reuters) – The head of ThyssenKrupp’s Industrial Solutions business, Jens Wegmann, has stepped down after accepting a gift from a business partner.
UK and China agree closer ties between London and Shanghai stock markets
LONDON (Reuters) – Britain and China have agreed to press on with closer links between London and Shanghai’s stock exchanges, British finance minister Philip Hammond said on Thursday after meeting Chinese Vice Premier Ma Kai.
Deutsche Telekom says too early to see Trump impact M&A in U.S.
FRANKFURT (Reuters) – Deutsche Telekom said on Thursday it was too early to say whether the election of Donald Trump as the new president of the United States would be positive for merger and acquisition deals.
