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→  January 1, 2018

WASHINGTON (Reuters) – The head of a conservative Republican faction in the U.S. Congress, who voted this month for a huge expansion of the national debt to pay for tax cuts, called himself a “fiscal conservative” on Sunday and urged budget restraint in 2018. In keeping with a sharp pivot under way among Republicans, U.S. […]

→  December 31, 2017

(Reuters) – U.S. stocks are expected to keep rising in 2018 because a massive drop in the corporate tax rate is seen boosting the economy and corporate profits, but strategists say sizable gains could either be short-lived or elusive. The bull market is on track to mark its ninth birthday in March, with the SP […]

→  December 30, 2017

ZURICH (Reuters) – Swiss consumer protection organization SKS has filed a claim on behalf of some 6,000 car owners seeking damages from Volkswagen AG (VOWG_p.DE) and Swiss car dealer AMAG related to the “Dieselgate” emissions scandal. The claim has been lodged with the Zurich commercial court. SKS said it was assuming damages amounted on average […]

→  December 29, 2017

(Reuters) – U.S. stocks were poised to open on a bright note on the final trading day of 2017, wrapping up a year in which major Wall Street indexes recorded their best performance since 2013. Investors were treated to bumper gains in the year, with strengthening global economy, solid corporate earnings and low interest rates […]

→  December 28, 2017

(Reuters) – U.S. stock futures pointed to a higher open for Wall Street on Thursday, helped by a rally in commodities and a weaker dollar. The dollar slipped to a four-week low against a basket of currencies, under pressure by a recent dip in U.S. 10-year bond yields. [USD/] A weaker dollar tends to boost […]

→  December 27, 2017

(Reuters) – Investors who bet on private prison operators as big winners from Donald Trump’s tough line on crime and illegal immigration are looking back at a bruising year of high hopes and disappointment. Some, however, say the stocks still offer good value even though an anticipated windfall under the Trump administration so far has […]

→  December 26, 2017

SINGAPORE/TOKYO (Reuters) – Bitcoin extended its recovery in holiday-thinned trading on Tuesday, rising 10 percent to be up more than a third from last week’s lows of below $12,000. Bitcoin, the world’s biggest and best-known cryptocurrency, fell nearly 30 percent at one stage on Friday to $11,159.93 and, despite a late recovery, had its worst […]

→  December 25, 2017

ROME (Reuters) – Steelmaker ArcelorMittal has told commissioners running Italy’s Ilva plant that it wants changes made to the contract in which it agreed to buy the company in order to protect it from legal challenges in Italy. ArcelorMittal, the world’s top steelmaker, reached a 1.8-billion-euro ($2.1 billion) deal to buy Ilva in June but […]

→  December 24, 2017

SAN FRANCISCO (Reuters) – Investors saddled in 2017 with the market’s worst performers, including Under Armour and General Electric, may do well to remember as December draws to an end that lumps of coal sometimes turn into diamonds. As investment advisors rebalance clients’ portfolios in the final weeks of the year, the instinct to dump […]

→  December 23, 2017

NEW YORK (Reuters) – Amgen Inc (AMGN.O) said it expects to incur tax expenses of $6 billion to $6.5 billion over time as it repatriates cash it has accumulated around the world because of the new U.S. tax law signed by President Donald Trump on Friday. Some of the expense is also due to the […]