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Global shares limp toward third week of gains, dollar hobbles

Reuters Business News - Fri, 12/15/2017 - 06:19
LONDON (Reuters) - World shares fell on Friday and the dollar slipped against major and heavyweight emerging market currencies, as nagging uncertainty about a U.S. tax cuts package dovetailed with broad-based end-of-year caution.
Categories: Reuters

India raises import tax on cellphones, move to hurt Apple

Reuters Business News - Fri, 12/15/2017 - 05:33
NEW DELHI (Reuters) - India has increased the import tax on dozens of electronic products such as mobile phones and television sets, a government statement said, to help curb supplies from overseas and build up the domestic industry.
Categories: Reuters

Germany's Merck in fresh bid to enter U.S. MS pill market

Reuters Business News - Fri, 12/15/2017 - 05:22
FRANKFURT (Reuters) - Germany's Merck KGaA is reviving plans to bring an oral multiple sclerosis (MS) treatment to the U.S. market, hoping for blockbuster sales despite regulatory concerns about side effects having frustrated its ambitions almost seven years ago.
Categories: Reuters

Disney buying Fox film, TV units for $52 billion in digital push

Reuters Business News - Fri, 12/15/2017 - 05:06
(Reuters) - Walt Disney Co has struck a deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc for $52.4 billion in stock, giving the world's largest entertainment company an arsenal of shows and movies to combat growing digital rivals Netflix Inc and Amazon.com Inc .
Categories: Reuters

Ryanair to recognize unions in historic shift to stop strike

Reuters Business News - Fri, 12/15/2017 - 04:41
DUBLIN (Reuters) - Ryanair announced on Friday that it would recognize pilot unions for the first time in its 32-year history in a bid to stop its first pilot strike from taking place later in the day.
Categories: Reuters

Australia cobalt rush accelerates on electric vehicle demand, DRC troubles

Reuters Business News - Fri, 12/15/2017 - 04:04
MELBOURNE (Reuters) - Australia, home to the world's second-biggest cobalt reserves, is seeing a rush of interest in projects still years from production as makers of batteries used in electric vehicles (EVs) seek supplies of the metal from a more costly but less risky source than top miner, the Democratic Republic of Congo.
Categories: Reuters

Japan's Yamato plans to open labor-saving facility next year

Reuters Business News - Fri, 12/15/2017 - 03:56
TOKYO (Reuters) - Japan's largest package delivery company, Yamato Transport Co, is considering plans to open a new distribution facility with labor-saving technology near Tokyo early next year, its chief executive said on Friday.
Categories: Reuters

Oil prices rise on North Sea pipeline outage, but growing US output looms

Reuters Business News - Fri, 12/15/2017 - 03:01
SINGAPORE (Reuters) - Oil prices moved up on Friday, lifted by the Forties pipeline outage in the North Sea and ongoing OPEC-led production cuts, although rising output from the United States kept a lid on markets.
Categories: Reuters

Exclusive: China's CNPC weighs taking over Iran project if Total leaves - sources

Reuters Business News - Fri, 12/15/2017 - 02:39
BEIJING/LONDON (Reuters) - China's top oil and gas company CNPC is considering taking over Total's stake in a giant Iranian gas project if the French company leaves Iran to comply with any new U.S. sanctions, industry sources said.
Categories: Reuters

Asian shares slip, U.S. tax reform woes dent sentiment

Reuters Business News - Fri, 12/15/2017 - 02:38
TOKYO (Reuters) - Asian shares erased earlier modest gains on Friday with sentiment dented by Wall Street's weakness on concerns about the progress of U.S. tax reform, though regional stocks remain on track for a weekly rise.
Categories: Reuters

Oil prices rise on North Sea pipeline outage, but rising U.S. output looms

Reuters Business News - Fri, 12/15/2017 - 02:06
SINGAPORE (Reuters) - Oil prices moved up on Friday, lifted by the Forties pipeline outage in the North Sea and ongoing OPEC-led production cuts, although rising output from the United States kept a lid on markets.
Categories: Reuters

Airbus confirms management shake-up

Reuters Business News - Fri, 12/15/2017 - 01:44
PARIS (Reuters) - Airbus confirmed a top management shake-up on Friday, following weeks of turmoil at the European planemaker.
Categories: Reuters

Paralysis at PDVSA: Venezuela's oil purge cripples company

Reuters Business News - Fri, 12/15/2017 - 01:13
CARACAS/HOUSTON (Reuters) - Decisions at some joint ventures with foreign firms are delayed. A growing number of oil tankers sit idle because no one authorizes payments. Employees struggle to get approval for routine expenses, from taxis to training.
Categories: Reuters

Oil prices stable on tighter market, but rising US output looms for 2018

Reuters Business News - Fri, 12/15/2017 - 00:53
SINGAPORE (Reuters) - Oil markets were stable on Friday as the Forties pipeline outage in the North Sea and ongoing OPEC-led production cuts supported prices, while rising output from the United States kept crude from rising further.
Categories: Reuters

Uber investor departs venture firm amid harassment claims

Reuters Business News - Thu, 12/14/2017 - 21:04
SAN FRANCISCO (Reuters) - Silicon Valley investor Shervin Pishevar, known for his early bet on Uber Technologies Inc [UBER.UL], said on Thursday that he would sever ties with his venture capital company, Sherpa Capital, after being accused of sexual misconduct.
Categories: Reuters

Oil stable on tighter market, but rising US output looms for 2018

Reuters Business News - Thu, 12/14/2017 - 20:23
SINGAPORE (Reuters) - Oil markets were stable on Friday as the Forties pipeline outage in the North Sea and the ongoing OPEC-led production cuts supported prices, while rising output from the United States kept crude from rising further.
Categories: Reuters

Asian shares edge up, on track for weekly gain

Reuters Business News - Thu, 12/14/2017 - 20:11
TOKYO (Reuters) - Asian shares edged higher on Friday, on track for weekly gains, though sentiment was kept in check by Wall Street's weakness on concerns about the progress of U.S. tax reform.
Categories: Reuters

Murdoch bets live sports and news will boost new, smaller Fox

Reuters Business News - Thu, 12/14/2017 - 20:06
NEW YORK (Reuters) - Rupert Murdoch is banking on Americans' love of live sports and breaking news for a new, slimmed down version of his Fox TV business after selling the company's film studios and international operations to Walt Disney Co .
Categories: Reuters

The Transformation of the Global Reinsurance Industry

AllAboutAlpha - Thu, 12/14/2017 - 19:00
A new paper from Milliman, a consultant to the insurance and financial services industries, discusses the ongoing transformation in and of the global reinsurance industry that alternative investment has created. About 20 years ago, in the wake of Hurricane Andrew and the Northridge earthquake, catastrophe bonds caught on as aRead More
Categories: AllAboutAlpha
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