Market News

Model 3 price hype helps Tesla shares bounce

Global Business News Reuters - Mon, 05/21/2018 - 10:51
(Reuters) - Shares in Tesla Inc jumped more than 4 percent on Monday as investors were encouraged by the company's placing a $78,000 price tag on the fully-loaded version of its Model 3 sedan.
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LaSalle Hotel accepts Blackstone's $3.7 billion cash offer

Global Business News Reuters - Mon, 05/21/2018 - 10:42
(Reuters) - LaSalle Hotel Properties decided to sell itself to private equity firm Blackstone Group LP for $3.7 billion in cash, rejecting a cash-and-stock offer from rival Pebblebrook Hotel Trust .
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U.S.'s Mnuchin: 'Significant' issues remain over NAFTA

Global Business News Reuters - Mon, 05/21/2018 - 10:42
WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin on Monday said major issues remained in talks between the United States, Mexico and Canada to renegotiate the North American Free Trade Agreement(NAFTA).
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Britain unlikely to investigate Comcast bid for Sky, says minister

Global Business News Reuters - Mon, 05/21/2018 - 09:04
LONDON (Reuters) - Britain said it was unlikely to refer Comcast's bid for Sky for a lengthy investigation after an initial review found that the $30 billion offer did not raise public concerns about media ownership.
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EU parliament to broadcast Zuckerberg hearing

Global Business News Reuters - Mon, 05/21/2018 - 08:16
BRUSSELS (Reuters) - A European Parliament meeting on Tuesday with Facebook CEO Mark Zuckerberg will be broadcast live, parliamentary officials and the company said on Monday after controversy over plans for a closed-door hearing.
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Stocks rally after Mnuchin says Sino-U.S. trade war 'on hold'

Global Business News Reuters - Mon, 05/21/2018 - 02:27
TOKYO (Reuters) - Stocks rose on Monday after U.S. Treasury Secretary Steven Mnuchin declared the U.S.-China trade war "on hold" following their agreement to suspend the tariff threats that roiled global markets this year.
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Italy must present Monte dei Paschi exit plan by 2019: CEO tells paper

Global Business News Reuters - Mon, 05/21/2018 - 01:19
MILAN (Reuters) - Italy must present the European Commission with a plan for its exit from lender Monte dei Paschi by 2019, Chief Executive Marco Morelli told daily Corriere della Sera.
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Exclusive: BP back on its feet but CEO senses no respite

Global Business News Reuters - Mon, 05/21/2018 - 01:18
LONDON (Reuters) - After the near collapse of his company following the 2010 Gulf of Mexico disaster and a three-year slump in oil prices, BP Chief Executive Officer Bob Dudley is hardly relaxed.
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Rusal says Deripaska has not formally resigned; reiterates sanctions may hit business

Global Business News Reuters - Mon, 05/21/2018 - 00:28
HONG KONG (Reuters) - Russia's largest aluminum producer Rusal said on Monday it has not received a formal resignation from director Oleg Deripaska, and reiterated that its business and prospects may be affected by U.S. sanctions.
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China praises positive steps in U.S. trade row, says didn't give in

Global Business News Reuters - Mon, 05/21/2018 - 00:21
BEIJING (Reuters) - Chinese state media on Monday praised a significant dialing back of trade tension with the United States, saying China had stood its ground and the two countries had huge potential for win-win business cooperation.
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Exclusive: GE nears deal to merge transportation unit with Wabtec - sources

Global Business News Reuters - Sun, 05/20/2018 - 23:42
(Reuters) - General Electric Co is nearing a deal to merge its transportation business, which manufactures train engines, with Wabtec Corp , a U.S. maker of equipment for the rail industry, two people familiar with the matter said on Sunday.
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Australia's Santos gets final sweetened $10.8 billion bid from Harbour Energy

Global Business News Reuters - Sun, 05/20/2018 - 23:37
(Reuters) - U.S.-based Harbour Energy made a final offer of $10.8 billion for Australia's Santos Ltd on Monday, hiking its bid for a fifth time in nine months after a steep rise in oil prices and potentially deterring any rival bids.
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U.S. underscores importance of concluding new NAFTA deal

Global Business News Reuters - Sun, 05/20/2018 - 22:04
MEXICO CITY (Reuters) - U.S. Deputy Secretary of State John Sullivan underscored the importance of concluding a new NAFTA trade deal in talks on Sunday with Mexican Foreign Minister Luis Videgaray on the sidelines of the G-20 foreign ministers meeting in Buenos Aires.
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U.S. stock futures jump after Mnuchin says trade war 'on hold'

Global Business News Reuters - Sun, 05/20/2018 - 20:35
TOKYO (Reuters) - U.S. stock futures jumped on Monday as U.S. Treasury Secretary Steven Mnuchin said the U.S. trade war with China is "on hold" after the world's two largest economic powers agreed to drop their tariff threats while they work on a wider trade agreement.
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Australia's Santos gets $10.8 billion conditional bid from Harbour Energy

Global Business News Reuters - Sun, 05/20/2018 - 20:15
(Reuters) - Santos Ltd said on Monday it received a revised offer from U.S.-based suitor Harbour Energy, valuing it at $10.84 billion, up 4.6 percent from an earlier offer.
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Don't neglect to pay the middleman: How Shell and Eni ended up on trial

Global Business News Reuters - Sun, 05/20/2018 - 19:36
LONDON (Reuters) - Seven years ago, two middlemen launched civil lawsuits to seek payment for helping arrange a $1.3 billion oil deal in Nigeria.
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U.S., China putting trade war on hold, Treasury's Mnuchin says

Global Business News Reuters - Sun, 05/20/2018 - 18:45
WASHINGTON (Reuters) - The U.S. trade war with China is "on hold" after the world's largest economies agreed to drop their tariff threats while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday.
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German companies worry Trump moving toward 'America Alone'

Global Business News Reuters - Sun, 05/20/2018 - 14:22
BERLIN (Reuters) - German companies are concerned that U.S. President Donald Trump is increasingly thinking only of America rather than just putting his country first, the head of Germany's DIHK Chambers of Commerce told media.
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EU could compensate firms hit by U.S. sanctions over Iran: French minister

Global Business News Reuters - Sun, 05/20/2018 - 11:00
PARIS (Reuters) - France is looking to see if the European Union could compensate European companies that might face U.S. sanctions for doing business with Iran, French finance minister Bruno Le Maire said on Sunday.
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South Korea's LG Group chairman dies from illness at 73

Global Business News Reuters - Sun, 05/20/2018 - 08:09
SEOUL (Reuters) - The chairman of LG Group, Koo Bon-moo, who helped transform South Korea's fourth-largest conglomerate into a global brand, passed away on Sunday after a battle with a brain disease.
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