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Updated: 33 min 12 sec ago

Euro scales five-month peak on French election relief

59 min 31 sec ago
SYDNEY (Reuters) - The euro vaulted to five-month peaks in choppy Asian trading on Monday after the market's favored candidate won through the first round of the French election, sparking a mass unwinding of safe-haven trades.

Futures rally after centrist takes first round in French election

1 hour 8 min ago
NEW YORK (Reuters) - U.S. stock futures opened sharply higher on Sunday after centrist Emmanuel Macron took the first round of voting in the French presidential election.

World Bank Group, China-led AIIB agree to deepen cooperation

2 hours 51 min ago
WASHINGTON (Reuters) - The World Bank Group and the China-led Asian Infrastructure Investment Bank said on Sunday they agreed to deepen their cooperation with a framework for knowledge sharing, staff exchanges, analytical work, development financing and country-level coordination.

Germany's Merkel encouraged U.S. will consider EU free trade deal

3 hours 34 min ago
HANNOVER, Germany (Reuters) - German Chancellor Angela Merkel fueled expectations of a future EU-U.S trade deal on Sunday, saying she was "very encouraged" talks were being looked at after her recent trip to Washington.

Credit Suisse to make capital hike decision after AGM: report

9 hours 7 min ago
ZURICH (Reuters) - Credit Suisse will not decide on how it wants to raise fresh capital until after this week's annual general meeting, SonntagsZeitung reported on Sunday.

LafargeHolcim CEO to step down over Syria controversy: FT

11 hours 52 min ago
ZURICH (Reuters) - LafargeHolcim is close to announcing that its chief executive Eric Olsen is to step down following an internal investigation into activities at a former Lafarge cement plant in Syria, the Financial Times reported on Sunday, citing sources close to the company.

Germany not worried by U.S. corporate tax reform plans: Schaeuble

15 hours 19 min ago
BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble is not worried by the prospect of cuts to corporate tax rates in the United States he told German magazine Wirtschaftswoche on the sidelines of the IMF and World Bank spring meetings in Washington.

Trump tax plan may produce some short-term budget issues: Mnuchin

Sat, 04/22/2017 - 5:39pm
WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Saturday that the Trump administration's tax reform plan would produce some "short term issues" when viewed under traditional "static" budget analysis rules.

IMF members set aside trade split as French vote rattles nerves

Sat, 04/22/2017 - 5:17pm
WASHINGTON (Reuters) - International Monetary Fund members on Saturday dropped a pledge to fight protectionism amid a split over trade policy and turned their attention to another looming threat to global economic integration: the first round of France's presidential election.

Japan's Aso pushes back on U.S. call for scrutiny of currency moves

Sat, 04/22/2017 - 4:18pm
WASHINGTON (Reuters) - Japanese Finance Minister Taro Aso said on Saturday trade imbalances cannot be fixed through exchange-rate adjustments alone, pushing back against Washington's calls to have more rigorous IMF scrutiny of currency moves.

IMF members delete anti-protectionism pledge, keep currency commitments

Sat, 04/22/2017 - 2:08pm
WASHINGTON (Reuters) - Member countries of the International Monetary Fund on Saturday pledged to work to reduce global imbalances but failed to repeat their past pledge to resist all forms of protectionism.

Trump's 'big announcement' on tax to be broad principles: official

Sat, 04/22/2017 - 2:02pm
WASHINGTON (Reuters) - President Donald Trump's promised "big announcement" next week on overhauling the U.S. tax code, a top campaign pledge, will consist of "broad principles and priorities," an administration official said on Saturday.

Mnuchin urges IMF to enhance FX surveillance

Sat, 04/22/2017 - 12:19pm
WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin on Saturday called on the International Monetary Fund to enhance surveillance of its members' exchange rates and external imbalances, as large trade imbalances would hamper "free and fair" trade.

Calpers says will oppose nine directors at Wells Fargo

Fri, 04/21/2017 - 7:38pm
BOSTON (Reuters) - Officials of the California Public Employees' Retirement System said Friday they are voting against nine of 15 Wells Fargo & Co directors up for election at the bank's annual meeting next week, citing the bank's phony-account scandal.

U.S. Homeland Security probes possible abuse in Twitter summons case

Fri, 04/21/2017 - 5:45pm
SAN FRANCISCO (Reuters) - The U.S. Homeland Security Department's inspector general said on Friday he was investigating possible abuse of authority in a case that triggered a lawsuit against the department by Twitter Inc .

Wall Street gears up for busiest earnings week in years

Fri, 04/21/2017 - 4:55pm
NEW YORK (Reuters) - Forget about French elections or the flagging Trump trade.

United CEO Munoz will not chair board in 2018 following passenger removal

Fri, 04/21/2017 - 4:45pm
NEW YORK (Reuters) - United Airlines Chief Executive Oscar Munoz will not chair the company's board in 2018, it said in a regulatory filing on Friday, following a high-profile incident in which an elderly passenger was dragged from a flight.

U.S., global financial leaders skirt trade frictions, tout collaboration

Fri, 04/21/2017 - 4:37pm
WASHINGTON (Reuters) - Global economic leaders on Friday continued downplaying possible friction with the Trump administration over currencies, trade and other potentially contentious issues, even while acknowledging that much about the U.S. president's plans remains unclear.

Trump sets U.S. tax reform announcement, orders tax rule review

Fri, 04/21/2017 - 4:25pm
WASHINGTON (Reuters) - President Donald Trump on Friday promised a big announcement about tax reform next week and ordered an administration review of Obama-era tax rules written to discourage U.S. companies from relocating overseas to cut their tax bills.

Exclusive: BT files criminal complaint over Italy accounting scandal

Fri, 04/21/2017 - 12:56pm
MILAN (Reuters) - British Telecom has filed a criminal complaint with Italian prosecutors over an accounting scandal at its Italian unit and has handed them computer records and also dispatched its head of compliance to Milan to give evidence.