• Reuters1 hour ago

    Trump Organization in buyout deal on struggling NYC tower - report

    The decision to reach a buyout deal on the Trump SoHo property was made by Eric and Donald Trump, Jr., sons of President Donald Trump, along with a small group of senior executives, the newspaper reported, citing company officials. The Trump Organization did not respond to a request to comment. The

  • Reuters2 hours ago

    Exclusive: Small Puerto Rican bank halts Venezuela correspondent services - source

    A small Puerto Rican bank that had been helping Venezuela carry out international trade operations has halted those services because of concerns about the reputational risks of doing so, a finance industry source with knowledge of the situation has told Reuters. Venezuelan President Nicolas Maduro last

  • Exclusive: CSX to impose hefty fees on some rail customers in 2018
    Reuters2 hours ago

    Exclusive: CSX to impose hefty fees on some rail customers in 2018

    CSX Corp (CSX.O) will charge new fees for freight shipments to Mexico and hike charges for customers that fail to load or discharge railcars by agreed deadlines or ship unsafely loaded or overweight railcars as of Jan. 1, the company said. A Nov. 15 notice of the changes, seen by Reuters, would encourage

  • Reuters2 hours ago

    UK sees weak growth, more borrowing, but Hammond says will spend

    Brexit-bound Britain slashed its economic growth forecasts and ramped up its borrowing plans going into the 2020s, but finance minister Philip Hammond announced a number of spending steps aimed at winning back voters. Hammond was under heavy pressure to use his budget statement on Wednesday to turn

  • Reuters2 hours ago

    Exclusive: DaVita explores sale of physician network business - sources

    The deliberations are still in their preliminary stages, and DaVita may decide not to go through with a sale, the sources said on Wednesday, asking not to be identified because the matter is confidential. DaVita Medical Group could attract interest from a variety of bidders, including private equity

  • JPMorgan's Dimon says Trump likely to be a one-term president
    Reuters2 hours ago

    JPMorgan's Dimon says Trump likely to be a one-term president

    CHICAGO/NEW YORK (Reuters) - Jamie Dimon, chief executive officer of JPMorgan Chase & Co (JPM.N), on Wednesday said he expects to see a new U.S. president in 2021 and advised the Democratic party to come up with a "pro-free enterprise" agenda for jobs and economic growth instead. Asked at

  • U.S. crude settles at two-year high after pipeline disruption
    Reuters2 hours ago

    U.S. crude settles at two-year high after pipeline disruption

    Oil settled at a two-year high Wednesday after the shutdown of one of the largest crude pipelines from Canada cut supply to the United States. The restart of the 590,000 barrel-per-day (bpd) Keystone pipeline, shut last week due to a spill, could take several weeks. Operator TransCanada Corp (TRP.TO

  • Dollar sinks on Fed inflation fears, weak data and technicals
    Reuters2 hours ago

    Dollar sinks on Fed inflation fears, weak data and technicals

    The dollar fell on Wednesday to its lowest level since October against a basket of major currencies, marking its worst one-day performance in five months. The release of minutes from the Federal Reserve's most recent policy meeting, weak U.S. data and technical trading aligned to send the dollar

  • Global stocks scale fresh record high, crude oil gains
    Reuters2 hours ago

    Global stocks scale fresh record high, crude oil gains

    A gauge of global equity performance scaled fresh record highs on Wednesday, propelled by bullish growth and company earnings outlooks, while crude oil rose to the highest prices in more than two years. ...

  • Wall Street flat ahead of holiday; ISPs rise on net neutrality bets
    Reuters3 hours ago

    Wall Street flat ahead of holiday; ISPs rise on net neutrality bets

    Verizon (VZ.N) and AT&T (T.N) rose 2.0 percent and 1.6 percent respectively on bets they will benefit from the U.S. government's plan to rescind net neutrality rules put in place by the Obama administration. With three Republican and two Democratic commissioners, the Federal Communications Commission

  • Broadcom considering sweetened Qualcomm bid - sources
    Reuters3 hours ago

    Broadcom considering sweetened Qualcomm bid - sources

    While the timing of the new offer is uncertain, Broadcom's bid preparations indicate that it is planning to apply pressure on Qualcomm to engage in negotiations by offering more to its shareholders, in addition to threatening to replace its board of directors. Broadcom's Chief Executive Hock

  • Gold jumps as dollar sinks on weak U.S. data, Fed minutes
    Reuters3 hours ago

    Gold jumps as dollar sinks on weak U.S. data, Fed minutes

    NEW YORK/LONDON (Reuters) - Gold prices rose on Wednesday as the dollar fell on technical factors and weak U.S. economic data, and gold jumped more after the U.S. Federal Reserve released minutes of its latest meeting, hinting at an interest rate increase in the near future. Gold's gains accelerated

  • Reuters5 hours ago

    Exclusive: SAP investigating its sales practices in Gulf region

    DUBAI/LONDON (Reuters) - German business software giant SAP (SAPG.DE), which last month said its South African sales commissions were being probed by U.S. regulators, has launched an investigation into its business practices in the Gulf region, it said on Wednesday. The company also said one of its

  • Reuters5 hours ago

    Fed policymakers say rate increase likely warranted soon -minutes

    Many Federal Reserve policymakers expect that interest rates will have to be raised in the "near term," according to the minutes of the U.S. central bank's last policy meeting released on Wednesday. The readout from the Oct. 31-Nov. 1 meeting, at which the Fed kept rates unchanged, also

  • Reuters5 hours ago

    Factbox - Fed staff forecasts from FOMC minutes

    "The U.S. economic projection prepared by the staff for this FOMC meeting was broadly similar to the previous forecast. Real GDP was expected to rise at a solid pace in the fourth quarter of this year, boosted in part by a rebound in spending and production after the negative effects of the hurricanes

  • Reuters5 hours ago

    U.S. blocks work on WTO ministerial statement ahead of meeting

    The United States on Wednesday blocked efforts by the World Trade Organization to draft a declaration for ministers to agree on next month, a move that reflects President Donald Trump's view that the WTO does not give his country a fair deal. Trump has been highly critical of the international trade

  • Reuters5 hours ago

    Uber breach, cover-up trigger government probes around the globe

    Governments around the globe launched investigations into Uber Technologies Inc [UBER.UL] after the company disclosed it had covered up a breach that exposed data on millions of customers and drivers, the latest scandal to rock the ride-hailing firm. Authorities in Britain and the United States, two

  • HPE CEO Whitman's surprise exit stumps Wall Street
    Reuters6 hours ago

    HPE CEO Whitman's surprise exit stumps Wall Street

    Whitman, one the most high-profile executives in the United States, said on Tuesday she would quit as CEO in February and hand over the reins to company veteran Antonio Neri. After reports surfaced that she was being considered for the top job at Uber, Whitman reinforced her dedication to the role in

  • Peter Thiel sells most of remaining Facebook stake
    Reuters6 hours ago

    Peter Thiel sells most of remaining Facebook stake

    Thiel, who is a member of Facebook's board had already sold more than $1 billion worth of its stock before the filing made on Tuesday. The only major name in Silicon Valley to back President Donald Trump, some have called for Thiel’s removal from Facebook’s board. Chief Executive and co-founder

  • Reuters7 hours ago

    Qatar row moves to WTO litigation phase, dismaying many

    Qatar took the final step on Wednesday to start litigation at the World Trade Organization in its row with the United Arab Emirates, but no other WTO members spoke up in support of the move, which many trade experts see as a dangerous precedent. The UAE was one of four countries - along with Saudi Arabia

  • Exclusive: SAP says executive resigns amid Gulf region sales probe
    Reuters7 hours ago

    Exclusive: SAP says executive resigns amid Gulf region sales probe

    DUBAI/LONDON (Reuters) - SAP is investigating sales practices in its Gulf region after executives in charge of its dealings in the region resigned or been put on administrative leave, the German business software giant said on Wednesday. SAP operates in more than 180 countries, selling business planning