Shares gained worldwide on Friday and Wall Street notched closing record highs on U.S. tax legislation optimism, while the U.S. yield curve turned its flattest in a decade after the Federal Reserve hiked ...
Venezuela is more likely to default on its sovereign bonds than on those of state-run oil company PDVSA given how essential the latter's cash flow is to the country's fortunes, bondholders and legal experts have said. Both asset classes cratered last month after President Nicolas Maduro told
Wall Street's three major indexes climbed to record closing highs on Friday with broad-based gains as a long-awaited bill to cut corporate tax rates looked like it would win enough support from lawmakers to pass. Republican Senator Bob Corker joined Senator Marco Rubio in signalling support in the
French energy group Engie SA (ENGIE.PA), Spain's Elecnor (ENOR.MC), India's Sterlite Power Grid (SPGV.NS) and Brazilian company Neoenergia SA were among winners in a government auction of licenses to build power transmission lines in Brazil. The power lines they will build will draw combined
Italy's state holding company CDP and Intesa Sanpaolo have signed a non-binding agreement to join ArcelorMittal's bid to buy Italian steelmaker Ilva, a source close to the matter said on Friday. ...
The U.S. Department of Justice and AT&T Inc (T.N) have held unsuccessful settlement talks over the wireless and pay-TV company's bid to buy movie and TV show maker Time Warner Inc (TWX.N), the two sides said in a court filing on Friday. The Justice Department has sued to stop AT&T, owner of DirecTV
WASHINGTON/YANGON (Reuters) - The United States has identified one person it might impose sanctions on over the brutal crackdown in Myanmar against minority Rohingya Muslims and is examining others, U.S. Secretary of State Rex Tillerson said on Friday. Tillerson, who last month declared the violence
Airbus confirmed the departure of planemaking chief Fabrice Bregier as part of a series of board moves on Friday to clear the air over succession plans following weeks of speculation surrounding Europe's largest aerospace firm. The move gives rival Chief Executive Tom Enders a free hand for the
Wall Street's three major indexes scaled new heights on Friday, with all major sectors pushing higher as a long-awaited tax bill that would cut corporate tax rates looked like it would win support among lawmakers. Republicans were expected to release final details of their plan on Friday, with decisive
Former Russian economy minister Alexei Ulyukayev was found guilty of soliciting a $2 million bribe and sentenced to eight years in jail on Friday, in a case that has shone a rare light on infighting among the elite ahead of a presidential election. Ulyukayev, the most senior serving official to be arrested
SINGAPORE/LONDON (Reuters) - Oil prices rose on Friday, supported by the continuing outage of the Forties pipeline in the North Sea and falling inventories due to OPEC-led production cuts, but climbing U.S. output kept a lid on gains. Brent crude futures (LCOc1), the international benchmark for oil
MILAN/LONDON (Reuters) - European shares fell on Friday, weighed down by weakness in the heavyweight banking sector and a slump in retail stocks following a disappointing trading update from fashion brand H&M. According to EPFR's weekly data, worries over the national election next year in Italy
Russia's central bank may have to sink up to $3.4 billion into its bailout on Friday of Promsvyazbank, the country's 10th largest private lender, the third such rescue this year. The bailouts mark the biggest challenge to Russia's financial sector since a financial crisis 20 years ago and
Ryanair offered on Friday to recognise pilot unions for the first time in its 32-year history in a last-minute attempt to avert its first-ever pilot strike. The move convinced Italy's largest pilot union to suspend a four-hour strike planned for Friday afternoon, but it was unclear if other unions
Unilever has agreed to sell its margarine and spreads business to U.S. private equity firm KKR for 6.83 billion euros ($8.04 billion) to concentrate on faster growing products. The maker of Knorr soup and Dove soap announced the deal on Friday, hours after Reuters reported that KKR had entered exclusive
An Indian court on Friday quashed federal rules that mandated stringent graphic health warnings on tobacco products, lawyers involved in the case said, in a decision seen as a major victory for the tobacco industry and a setback for health advocates. India's Supreme Court last year ordered enforcement
Apex court sets aside the order of the Delhi High Court which had quashed the Centre’s decision to ban these drugs.
Mumbai, Dec 15 (IANS) ICICI Bank on Friday said that its subsidiary -- ICICI Securities -- has filed a "draft red herring prospectus" (DRHP) with the Securities and Exchange Board of India (Sebi) ...
Gold prices on Friday held onto gains made after this week's interest rate rise by the U.S. Federal Reserve and were set for their first weekly rise in four weeks. Spot gold was up 0.1 percent at $1,254.45 an ounce at 1618 GMT, recovering from a five-month low of $1,235.92 on Monday and up 0.5 percent
China's HNA Group said it had repurchased some of its bonds and planned to buy back more as one of the country's biggest banks stated the acquisitive conglomerate was experiencing repayment troubles. In a statement issued late on Friday, China Citic Bank Corp said that HNA Group was "experiencing