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Updated: 32 min 28 sec ago

Asian shares rise amid U.S. tax cut hopes; China in focus

Sun, 12/17/2017 - 11:15pm
SYDNEY (Reuters) - Asian shares edged up on Monday, with sentiment boosted by expectations U.S. lawmakers will pass a long-awaited tax bill, while Chinese stocks were soggy after the country's central bank raised interest rates.

Asian shares rise amid U.S. tax cut hopes; pound struggles

Sun, 12/17/2017 - 8:35pm
SYDNEY (Reuters) - Asian shares inched up on Monday, tracking Wall Street, which hit record highs on expectations U.S. lawmakers will pass a long-awaited tax bill, while the British pound hovered near 3-week lows amid Brexit talks.

Oracle Corp to buy Australia's Aconex for $1.19 billion

Sun, 12/17/2017 - 8:07pm
Sydney (Reuters) - Australia's Aconex Ltd said on Monday it had received a A$1.56 billion ($1.2 billion), or A$7.80 in cash-per-share, buyout offer from U.S. software major Oracle Corp , sending the target's share price up 45 percent.

South Korea trade ministry says ready to begin renegotiating U.S. trade pact

Sun, 12/17/2017 - 8:06pm
SEOUL (Reuters) - South Korea's trade ministry said on Monday it had reported to parliament a plan to renegotiate the 2012 free trade agreement (FTA) with the United States after President Donald Trump threatened earlier this year to scrap the accord unless it was revised.

Bitcoin hits bigger stage as exchange giant CME launches futures

Sun, 12/17/2017 - 7:54pm
NEW YORK (Reuters) - CME Group Inc, the world's largest derivatives exchange operator, began trading bitcoin futures on Sunday, with the contract opening at what is currently its session high and dropping over 6 percent within the first half hour.

Air Berlin receiver says optimistic on last-minute rescue for Niki: Sueddeutsche

Sun, 12/17/2017 - 6:05pm
FRANKFURT (Reuters) - A receiver of insolvent German airline Air Berlin told a newspaper he is optimistic about the sales process of the airline's subsidiary Niki after a number of would-be investors stepped forward under a fast-approaching deadline.

Aconex receives $1.19 billion takeover offer from Oracle Corp

Sun, 12/17/2017 - 4:51pm
(Reuters) - Aconex Ltd said on Monday it had received a A$1.56 billion ($1.19 billion), or A$7.80 in cash per share, buyout offer from U.S. software major Oracle Corp .

Humana in talks to buy Kindred Healthcare with equity firms: source

Sun, 12/17/2017 - 4:21pm
NEW YORK (Reuters) - U.S. health insurer Humana Inc is in advanced talks to acquire acute care provider Kindred Healthcare Inc in partnership with private equity firms Welsh, Carson, Anderson & Stowe and TPG, a source familiar with the matter said on Sunday.

Niki Lauda says will be ready to bid for Niki airline on Dec 20: Handelsblatt

Sun, 12/17/2017 - 1:41pm
FRANKFURT (Reuters) - Former motor racing driver Niki Lauda aims to bid for the Austrian Niki airline, which he founded in 2003, next Wednesday, he said in a newspaper report, formally adding himself to the list of interested parties.

U.S. employers say CVS-Aetna deal would affect health-benefits decisions: survey

Sun, 12/17/2017 - 8:11am
NEW YORK (Reuters) - CVS Corp’s proposed purchase of Aetna Inc will affect decision-making by a majority of large and mid-size U.S. corporations on employee health benefits, a survey by benefits consultant Aon Plc found.

Thai Bev's unit seeks to buy a near $5 billion stake in Sabeco

Sun, 12/17/2017 - 6:46am
Ho CHI MINH CITY/SINGAPORE (Reuters) - Vietnam's trade ministry said on Sunday that Vietnam Beverage Co Ltd, a unit of Thai Beverage , was the only investor seeking to buy all shares of Vietnamese brewer Sabeco on offer worth nearly $5 billion.

Vietnam to name buyer of up to $5 billion stake in top brewer Sabeco

Sun, 12/17/2017 - 1:09am
Ho CHI MINH CITY/SINGAPORE (Reuters) - Vietnam is set to auction an up to $5 billion stake in top brewer Sabeco on Monday, with Thai Beverage the only potential bidder to have expressed interest in a majority stake.

Second bitcoin futures debut could lure volume to wild market

Sun, 12/17/2017 - 1:04am
NEW YORK (Reuters) - Bitcoin investors expect futures volumes to perk up when CME Group Inc, the world's largest derivatives exchange operator, launches its own contract to wager on the cryptocurrency on Sunday.

U.S. renewable energy industry relieved as Republicans keep tax credits

Sat, 12/16/2017 - 6:45pm
WASHINGTON (Reuters) - The U.S. renewable energy industry expressed relief after a compromise Republican tax bill released late on Friday preserved key tax credits that had been at risk of being removed, but it raised concerns about a provision that may threaten investment in the sector.

CSX CEO Harrison dies months into railroad's turnaround effort

Sat, 12/16/2017 - 5:43pm
NEW YORK (Reuters) - CSX Corp Chief Executive Hunter Harrison has died, the freight railway operator said on Saturday, just a few days after announcing that the veteran rail executive hired earlier this year to boost its profits had taken a medical leave of absence.

CSX CEO Harrison dies months into railway's turnaround effort

Sat, 12/16/2017 - 4:32pm
NEW YORK (Reuters) - CSX Corp Chief Executive Hunter Harrison has died, the freight railway operator said on Saturday, just a few days after announcing that the veteran rail executive hired earlier this year to boost its profits had taken a medical leave of absence.

CSX CEO Harrison dies days after medical leave announced

Sat, 12/16/2017 - 3:44pm
NEW YORK (Reuters) - CSX Corp Chief Executive Hunter Harrison has died, the freight railway operator said on Saturday, just a few days after announcing that he was taking a medical leave of absence.

U.S. labor board adopts business-friendly 'micro union' test

Sat, 12/16/2017 - 3:20pm
(Reuters) - A U.S. labor agency on Friday made it tougher for workers to form so-called micro unions made up of small groups of a company's employees, reversing an Obama-era decision that had been sharply criticized by companies.

U.S. renewable fuel industry relieved as Republicans keep tax credits

Sat, 12/16/2017 - 3:05pm
WASHINGTON (Reuters) - The U.S. renewable energy industry expressed relief after a compromise Republican tax bill released late on Friday preserved key tax credits that had been at risk of being removed, but it raised concerns about a provision that may threaten investment in the sector.

Brazilian prosecutors ask state bank Caixa to remove vice presidents

Sat, 12/16/2017 - 1:58pm
BRASILIA (Reuters) - Brazilian prosecutors have asked that all the vice presidents of Caixa Economica Federal be replaced for what officials suspect are "irregularities" at the state bank, according to a document made public late on Friday.

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