GE wins data contract with largest public U.S. energy utility
NEW YORK (Reuters) – General Electric Co said on Thursday it has been picked to supply software and analytics to New York state’s public electrical system, the largest test so far of GE’s ability to improve power efficiency and reliability with digital…
Deutsche may not face German penalty over Russian trades: sources
FRANKFURT (Reuters) – Germany’s financial watchdog has found no evidence to date that Deutsche Bank violated money laundering rules in Russia, people close to matter said on Thursday, possibly relieving one headache for the country’s biggest bank.
OPEC could cut output more in Nov if needed: Algeria
ALGIERS (Reuters) – OPEC could cut production at its late November meeting in Vienna by another one percent more than the amount agreed in Algiers last month, if producers reckon it is needed, Algeria’s Energy Minister Nouredine Bouterfa has told local…
Gold loses shine as Fed feelings lift dollar
LONDON (Reuters) – Growing expectations that U.S. interest rates will rise before the end of the year lifted the dollar and bank shares on Thursday but took the shine off gold, one of the year’s best- performing assets.
Wal-Mart’s next move against Amazon: More warehouses, faster shipping
CHICAGO (Reuters) – Wal-Mart Stores Inc is accelerating its investment in e-commerce in a bid to narrow the gap with Amazon.com Inc and to give it an even more dominant position against the rest of the field in retail.
BlackRock’s Thiel says Bank of England could pause monetary easing
LONDON (Reuters) – BlackRock’s head of global bonds said on Thursday that the Bank of England could hold off easing monetary policy further on the strength of recent economic data.
Merkel confident EU will conclude free trade deal with Canada
BERLIN (Reuters) – German Chancellor Angela Merkel said on Thursday she was confident that the European Union would complete its Comprehensive Economic Trade Agreement (CETA) with Canada.
Citi says ‘time to buy’ European banks
LONDON (Reuters) – Citi analysts upgraded their recommendation on Europe’s beleaguered banks to “overweight” within regional portfolios, citing signs of improvement in the credit cycle and loan growth as well as cheap relative valuations.
Dollar at four-week highs vs yen before Friday jobs report
LONDON (Reuters) – The dollar ground higher on Thursday, extending this week’s four-week highs against the yen before a U.S. jobs report many expect to help seal the case for a rise in U.S. interest rates in December.
Elliott push for Samsung makeover puts founding family plans under microscope
SEOUL (Reuters) – Samsung Electronics Co shares jumped to a record high on Thursday after activist investor Elliott Management submitted unsolicited proposals for a radical corporate makeover at the world’s biggest smartphone maker.
