China central bank sees ‘very normal’ growth of 6-7 percent in next few years
BEIJING (Reuters) – China will be able to keep annual economic growth at around 6-7 percent over the next three to five years, a top People’s Bank of China (PBOC) policymaker said on Saturday, a day after the bank cut interest rates for the sixth time …
Nasdaq 100 index may see record with Apple earnings due Tuesday
NEW YORK (Reuters) – The Nasdaq 100 index, dominated by U.S. technology stocks, may set a record high next week, helped by good earnings from Apple Inc expected on Tuesday.
Tesla CEO says negotiating with China on local production
(In this story Tesla corrects Chinese transcript, issues English-language statement. Tesla says negotiating with China on local production, instead of starting production in two years)
Techs lead Wall St. higher; S&P 500 erases 2015 loss
(Reuters) – A tech share rally drove U.S. stocks up sharply for a second day on Friday as earnings from companies including Microsoft beat analysts’ expectations, while healthcare shares rebounded from recent losses.
Whirlpool shares slide on pricing, forex concerns
(Reuters) – Shares of Whirlpool Corp tumbled on Friday on concerns about price cuts by rival appliance makers and the strong dollar’s impact on foreign revenue.
New Credit Suisse CEO eyes further restructuring: report
BERLIN (Reuters) – Credit Suisse may face more structural changes after a current plan to shrink investment banking and cut costs, Chief Executive Tidjane Thiam was quoted as saying by Finanz und Wirtschaft newspaper on Friday.
American to launch bare-bones airfare in 2016 to rival Spirit
(Reuters) – American Airlines Group Inc , the world’s largest airline, on Friday said it will roll out bare-bones fares in 2016 to battle U.S. budget carriers, overshadowing a surge in its third-quarter profit.
Valeant stock rebounds, but allegations shrink CEO’s fortune
(Reuters) – Valeant Pharmaceuticals Inc shares rebounded on Friday from four days of steep losses over allegations of fraud, which it denied, but this week’s stock selloff has already cost the company’s chief executive well over $1 billion.
Fed will weigh up ECB’s stimulus push as it readies rates message
LONDON (Reuters) – The European Central Bank’s signal that more stimulus is coming for Europe’s economy could complicate the U.S. Federal Reserve’s own message this week about when it might move in the opposite direction.
Alphabet, Microsoft, Amazon give Wall Street reason to cheer
(Reuters) – Google parent Alphabet Inc , Microsoft Corp and Amazon.com Inc made headway in the latest quarter in the areas that will be their main engines of growth for years to come, driving up shares across the tech sector on Friday.
