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Updated: 35 min 8 sec ago

EU plans to relax rules on airlines' transatlantic wet leasing deals

Mon, 03/20/2017 - 3:29pm
BRUSSELS (Reuters) - The European Commission wants to scrap restrictions placed on EU airlines leasing planes and crew from U.S. carriers, to resolve a long-standing dispute between the two sides.

Target names Kroger veteran Jeff Burt new grocery chief

Mon, 03/20/2017 - 3:07pm
(Reuters) - Target Corp on Monday named Kroger Co veteran Jeff Burt its senior vice president of grocery, fresh food and beverage, as the retailer makes a renewed push to overhaul the business amid an intensifying price war.

Trading in Sprouts Farmers Market ahead of report on merger raises eyebrows

Mon, 03/20/2017 - 2:39pm
NEW YORK (Reuters) - Trading in Sprouts Farmers Market Inc's shares and options surged last week ahead of a report that the natural-foods retailer was the subject of merger talks, raising questions about whether news of a possible deal was leaked.

Credit card applications drop at Wells Fargo in February

Mon, 03/20/2017 - 1:28pm
NEW YORK (Reuters) - Wells Fargo & Co saw a drop in consumers opening checking and credit card accounts in February, the bank said on Monday, marking the sixth straight month of decline since a sales scandal rocked the bank last year.

After strategy shifts, Deutsche Bank taps investors again

Mon, 03/20/2017 - 1:03pm
FRANKFURT (Reuters) - Deutsche Bank announced details of its latest bid for cash on Sunday, as it turned for the fourth time to investors, many of whom have privately expressed exasperation with its strategic shifts and heavy losses in recent years.

Snap snaps back after analyst assigns first 'buy' rating

Mon, 03/20/2017 - 12:51pm
SAN FRANCISCO (Reuters) - Snap Inc stock rose on Monday after the Snapchat owner received its first "buy" rating from a Wall Street analyst following a $3.4 billion public listing this month that raised the eyebrows of many on Wall Street.

Adidas takes the sweat out of sweater shopping with in-store machine

Mon, 03/20/2017 - 11:46am
BERLIN (Reuters) - Adidas has been testing a store where shoppers can design a sweater, have a body scan to determine fit and get it knitted by a state-of-the-art machine within hours, as the German company looks at ways to respond more quickly to customer demands.

MoneyGram board says Euronet offer could result in superior proposal

Mon, 03/20/2017 - 11:15am
(Reuters) - U.S. electronic payments company MoneyGram International Inc said on Monday that peer Euronet Worldwide Inc's offer could result in a superior proposal compared to the one from China's Ant Financial Services Group.

VW clan aims for quick deal over Ferdinand Piech's shares: source

Mon, 03/20/2017 - 10:51am
HAMBURG (Reuters) - The Porsche and Piech families are looking to strike a swift deal to buy shares in Porsche SE from Volkswagen's former chairman Ferdinand Piech, a person familiar with the matter said on Monday.

Exclusive: Venezuela taps small banks to handle dollar deals

Mon, 03/20/2017 - 10:05am
CARACAS/MEXICO CITY (Reuters) - Venezuela's government is using little-known banks, including a small Puerto Rican lender, as intermediaries for some international trade operations after Citigroup last year stopped providing such services, according to the owner of one of the banks and government officials.

Fed on track to raise U.S. rates twice more this year: Evans

Mon, 03/20/2017 - 9:29am
NEW YORK (Reuters) - The Federal Reserve is on track to raise interest rates twice more this year after a policy tightening last week, and it could be more or less aggressive depending on inflation and fiscal policies from the Trump administration, a Fed rate-setter said on Monday.

VW trucks division targets significant profitability gain in 2017

Mon, 03/20/2017 - 8:20am
MUNICH (Reuters) - Volkswagen's truck division is targeting a significant increase in profitability this year as it benefits from rising demand in Europe and China and a slight rebound in the key Brazilian market, its finance chief said.

Stock futures lower after G20 drops free-trade pledge

Mon, 03/20/2017 - 7:37am
(Reuters) - U.S. stock index futures were lower on Monday as investors treaded carefully following the G20's decision to drop a pledge to avoid trade protectionism.

UBS faces French trial over long-running tax case

Mon, 03/20/2017 - 6:49am
ZURICH (Reuters) - UBS and its French subsidiary face a trial in France after authorities laid out charges against the Swiss bank, marking an escalation of a long-running probe into allegations they helped wealthy clients avoid taxes.

Elderly founder of South Korea's Lotte Group denies charges in dramatic start to graft trial

Mon, 03/20/2017 - 5:38am
SEOUL (Reuters) - The 94-year-old founder of Lotte Group, South Korea's fifth-largest conglomerate, threw his cane to the floor of a court on Monday and demanded to know where he was on the first day of a trial of him and family members.

China prepares to counter any U.S. trade penalties: sources

Mon, 03/20/2017 - 5:33am
BEIJING (Reuters) - China's government has been seeking advice from its think-tanks and policy advisers on how to counter potential trade penalties from U.S. President Donald Trump, getting ready for the worst, even as they hope for business-like negotiations.

French watchdog clears GM's Opel of cheating on diesel emissions

Mon, 03/20/2017 - 4:43am
PARIS (Reuters) - France's consumer fraud watchdog said on Monday it had closed its investigation into diesel emissions by Opel cars and would take no further action against the General Motors brand.

Saudi king's Asia tour trumpets Aramco's moves downstream

Mon, 03/20/2017 - 4:25am
SINGAPORE (Reuters) - Saudi King Salman's lavish tour of Asia, arriving in each country on a golden escalator with 400 tonnes of luggage, had a hardnosed marketing mission - to cement the kingdom's place as leading oil supplier to the world's biggest consumer region.

NBA's Chris Paul, other celebrity athletes, invest for an impact

Mon, 03/20/2017 - 1:18am
NEW YORK (Reuters) - Giving back to their communities has always been a challenge for pro athletes who get rich quick, because they tend to lose the money even more quickly. But even those who manage to build a substantial amount of wealth have a hard time using it charitably in a way that truly has a long-term impact.

G20 ministers give Mnuchin space to define Trump trade agenda

Mon, 03/20/2017 - 1:07am
BADEN BADEN, Germany (Reuters) - Wary of their first official encounter with U.S. President Donald Trump's blustery trade agenda, the world's top finance officials were relieved to find new Treasury Secretary Steven Mnuchin polite and business-like over the weekend.