Ackman’s Pershing Square sees big payoff from Allergan deal
BOSTON (Reuters) – Hedge fund mogul William Ackman told investors they could see a $6 billion payday when he closes the chapter on Allergan Inc., his firm’s biggest bet of 2014.
U.S. consumer sentiment climbs in November
NEW YORK (Reuters) – U.S. consumer sentiment rose in November to its highest level in more than seven years on improvements in the current economic condition, including lower gas prices and improving job prospects, a survey released on Wednesday showed…
Reuters Poll: Expected timing for Bank of Canada rate hike pushed back
(Reuters) – The Bank of Canada will likely defer an interest rate hike until late next year despite high household debt and above-target inflation, a Reuters poll showed on Wednesday.
WTO postpones trade deal by a day after last-minute objection
GENEVA (Reuters) – The World Trade Organization postponed adoption of the first global trade reform in its 19-year history on Wednesday, delaying by a day after a last-minute objection from Argentina, diplomats said.
U.S. core capital goods orders fall for second straight month in October
WASHINGTON, Nov 26 (Reuters) – New orders for U.S.-made capital goods unexpectedly fell for a second straight month in October, a sign that the economy lost some momentum early in the fourth quarter.
U.S. consumer spending rebounds, income rises modestly
WASHINGTON, Nov 26 (Reuters) – U.S. consumer spending rebounded in October, suggesting some resilience in the economy at the start of the fourth quarter. The Commerce Department said on Wednesday consumer spending increased 0.2 percent last month after…
China to push growth of outsourcing industry
BEIJING (Reuters) – China will develop international outsourcing of high-value-added services to create new advantages in foreign trade, its cabinet said on Wednesday, according to the official government website.
Exclusive: Online protest delays EU plan to resolve U.S. trade row
BRUSSELS (Reuters) – European campaigners against an EU-U.S. accord have held up progress towards the world’s biggest free trade deal by deluging an online public consultation that EU officials had hoped would help them unblock a key issue.
Thomas Cook hit by shock CEO departure, slowing growth
LONDON (Reuters) – British holiday company Thomas Cook said chief executive Harriet Green had been replaced by its chief operating officer, the abrupt departure of a woman credited with reviving the business sending its shares tumbling.
Juncker unveils investment plan to kick-start EU growth
STRASBOURG, France (Reuters) – The European Commission presented a plan on Wednesday for some 300 billion euros ($375 billion) of largely private new investment in the European Union, saying it was time to kick-start growth without adding to public deb…
