• Reuters54 minutes ago

    Saudi Arabia agrees to buy $7 billion in precision munitions from U.S. firms - sources

    Raytheon Co (RTN.N) and Boeing Co (BA.N) are the companies selected, the sources said, in a deal that was part of a $110 billion weapons agreement that coincided with President Donald Trump's visit to Saudi Arabia in May. Both companies declined comment on the weapons sale.

  • Saudi Arabia agrees to buy $7 billion in precision munitions from U.S. firms - sources
    Reuters54 minutes ago

    Saudi Arabia agrees to buy $7 billion in precision munitions from U.S. firms - sources

    Raytheon Co and Boeing Co are the companies selected, the sources said, in a deal that was part of a $110 billion weapons agreement that coincided with President Donald Trump's visit to Saudi Arabia in May. Both companies declined comment on the weapons sale.

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

  • 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

    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

  • 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 , 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 a luncheon

  • Reuters2 hours ago

    Q&A: Explaining the fight over U.S. 'net neutrality' regulations

    The U.S. Federal Communications Commission is poised to vote on Dec. 14 to rescind the so-called net neutrality rules championed by former President Barack Obama. FCC Chairman Ajit Pai's proposal would repeal rules that bar internet service providers (ISPs) from blocking, slowing access to or charging

  • 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 has told

  • 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

  • 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
    Reuters3 hours ago

    Global stocks scale fresh record high, crude oil gains

    NEW YORK (Reuters) - 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.

  • Global stocks scale fresh record high, crude oil gains
    Reuters3 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 and AT&T 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 is all

  • 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

  • Reuters3 hours ago

    Palestinian factions agree to hold general election by end-2018

    GAZA/CAIRO (Reuters) - Palestinian factions, including rival groups Hamas and Fatah, have agreed to hold a general election by the end of 2018, a joint statement by several groups said on Wednesday following talks in Cairo. Hamas and Fatah signed a reconciliation deal in October in Cairo-backed talks

  • Facebook to let users see if they 'liked' Russian accounts
    Reuters3 hours ago

    Facebook to let users see if they 'liked' Russian accounts

    Facebook Inc said on Wednesday it would build a web page to allow users to see which Russian propaganda accounts they have liked or followed, after U.S. lawmakers demanded that the social network be more open about the reach of the accounts. U.S. lawmakers called the announcement a positive step.

  • 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

  • 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

  • Democratic FCC Commissioner sides with keeping net neutrality rules
    Reuters4 hours ago

    Democratic FCC Commissioner sides with keeping net neutrality rules

    One of the two Democrats on the Federal Communications Commission, Mignon Clyburn, on Wednesday threw her support behind 2015 net neutrality rules, arguing that a proposal by the FCC chairman to scrap them would hurt consumers, her office said on Wednesday. "The commissioner continues to believe

  • Stocks To Watch: Arrow Greentech, IL&FS, Sun Pharma, Thomas Cook
    Bloomberg Quint5 hours ago

    Stocks To Watch: Arrow Greentech, IL&FS, Sun Pharma, Thomas Cook

    Alkyl Amines, Kesar Terminals, Monsanto, Siemens are among stocks to watch out for on Thursday.

  • 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

  • Exclusive: SAP investigating its sales practices in Gulf region
    Reuters5 hours ago

    Exclusive: SAP investigating its sales practices in Gulf region

    DUBAI/LONDON (Reuters) - German business software giant SAP , 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 executives