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Updated: 32 min 48 sec ago

Siemens Healthineers up 7 percent on 4.2 billion euro market debut

Fri, 03/16/2018 - 8:25am
FRANKFURT (Reuters) - Shares in Siemens Healthineers gained as much as 7 percent in the medical equipment maker's stock market debut on Friday, boding well for a string of pending German flotations including asset manager DWS.

Stock futures flat as political worries keep investors wary

Fri, 03/16/2018 - 8:05am
(Reuters) - U.S. stock index futures pointed to a flat opening for Wall Street on Friday as continuing turmoil in the Trump administration kept investors on edge.

Exclusive: Packager SIG Combibloc seeks Zurich listing in autumn - sources

Fri, 03/16/2018 - 7:53am
FRANKFURT (Reuters) - Swiss packaging maker SIG Combibloc is preparing an autumn stock market listing in Zurich that could value it at about 4.5 billion euros ($5.5 billion), three people close to the matter said.

A factory worker at 13, Hong Kong's iconic billionaire retires

Fri, 03/16/2018 - 7:51am
HONG KONG (Reuters) - Li Ka-shing's rise from penniless immigrant in 1940 to billionaire tycoon is the consummate success story in Hong Kong, a city which progressed alongside him from trading outpost to one of the world's biggest financial centers.

Deutsche Bank boosts bonuses to 2.3 billion euros despite bigger 2017 loss

Fri, 03/16/2018 - 7:40am
FRANKFURT (Reuters) - Deutsche Bank paid bonuses worth 2.3 billion euros ($2.83 billion) for 2017, four times higher than the previous year even as the German lender warned on costs for 2018 and reported a bigger 2017 loss than previously disclosed.

Markets watchful as fresh U.S. turmoil tests investors' nerves

Fri, 03/16/2018 - 6:08am
MILAN (Reuters) - World stocks wavered and the dollar eased on Friday as turmoil in the U.S. administration kept markets watchful at the end of a week scarred by concerns that U.S. tariffs could provoke a trade war.

State Street's Kumar wants answers on shareholder rights

Fri, 03/16/2018 - 6:06am
BOSTON (Reuters) - State Street Corp wants answers from companies that lack such things as independent board leaders or equal voting rights for investors, a top executive at the asset manager said, which could spell weaker support for some companies whose shares it controls.

A factory worker at 13, Hong Kong's iconic billionaire Li Ka-shing retires

Fri, 03/16/2018 - 5:46am
HONG KONG (Reuters) - Li Ka-shing's rise from penniless immigrant in 1940 to billionaire tycoon is the consummate success story in Hong Kong, a city which progressed alongside him from trading outpost to one of the world's biggest financial centers.

Bike-sharing companies face an uphill ride in U.S.

Fri, 03/16/2018 - 5:10am
SAN FRANCISCO (Reuters) - A bike-sharing craze that has swept China over the past two years is picking up speed in cities across the United States, but with a different spin as tough local regulations rein in the roll-out of dockless bikes.

New head of scandal-hit Kobe Steel may seek mergers for some business units

Fri, 03/16/2018 - 4:38am
(Reuters) - Kobe Steel's new president on Friday said he may seek mergers or alliances outside the company for one or more of its business divisions, as he battles to repair damage from a data fraud scandal that roiled Japanese industry.

Former Qualcomm chairman explores long-shot bid for U.S. chip maker: sources

Fri, 03/16/2018 - 4:30am
(Reuters) - Former Qualcomm Inc Chairman Paul Jacobs has informed its board of directors that he will seek to partner with investment firms to make an offer for the U.S. semiconductor company, people familiar with the matter said on Thursday.

Where is the fear? Markets wave off global risks

Fri, 03/16/2018 - 4:26am
SYDNEY (Reuters) - Simmering fears of a global trade war. An embarrassing political scandal in Japan. Rapid job-turnover inside the White House and the threat of faster interest rate hikes in the United States.

Exclusive: Russian billions slip through Latvia's loose net

Fri, 03/16/2018 - 3:23am
RIGA (Reuters) - Latvia launched just 85 money-laundering investigations in 2017 even though its banks flagged 17,900 suspect transactions, data seen by Reuters shows, highlighting the challenge the Baltic state faces in repairing its tarnished reputation.

Casino mogul Steve Wynn may sell his stake in Wynn Resorts

Fri, 03/16/2018 - 2:28am
(Reuters) - Wynn Resorts Ltd's former chief executive, Steve Wynn, may elect to sell all or a portion of his stake in the company, according to a regulatory filing dated Thursday.

Ten years after JPMorgan/Bear Stearns deal banks may have already seen biggest gains

Fri, 03/16/2018 - 1:15am
(Reuters) - Ten years after JPMorgan bought failing investment bank Bear Stearns, one of the first big harbingers of the financial crisis, investor views on U.S. banks are significantly brighter, although the sector may have already put its biggest gains behind it.

Chamber of Commerce warns Trump against China tariffs

Thu, 03/15/2018 - 11:36pm
WASHINGTON (Reuters) - The head of the most influential U.S. business lobbying group warned the Trump administration that unilateral tariffs on Chinese goods could lead to a destructive trade war that will hurt American consumers and U.S. economic growth.

Asian shares slip as new U.S. political worries sour mood

Thu, 03/15/2018 - 11:21pm
TOKYO (Reuters) - Asian stocks slid on Friday as reports of more chaos in the Trump administration tested investors' nerves, already frayed by fears that U.S. tariffs could hurt the global economy and trigger a trade war.

China's HNA, shedding debt overseas, is still Hainan's hometown champion

Thu, 03/15/2018 - 10:45pm
HAIKOU, China (Reuters) - Hundreds of workers pour concrete as tower cranes swing overhead at the building site where a giant skyscraper is set to soar above the palm-fringed streets of this tropical Chinese city.

Nike brand president resigns; company probes workplace complaints

Thu, 03/15/2018 - 10:10pm
(Reuters) - Nike Inc's namesake brand President Trevor Edwards has resigned and will retire in August, a company spokeswoman said on Thursday.

Oil prices extend gains, but higher output caps rise

Thu, 03/15/2018 - 9:15pm
TOKYO (Reuters) - Oil prices crept higher on Friday after the International Energy Agency said global crude demand would accelerate this year, but warned supply is growing at a faster pace.