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AIG to buy reinsurer Validus for $5.56 billion
(Reuters) - American International Group Inc on Monday said it would buy reinsurer Validus Holdings Ltd for $5.56 billion in cash, ending a long period of retrenchment for AIG as new Chief Executive Brian Duperreault plots an expansionist path.
Posted on : 2018-01-23 00:56:29
Murdoch calls for 'fee' for trusted news publishers on Facebook
(Reuters) - News Corp's Rupert Murdoch on Monday called on Facebook Inc to pay "trusted" news publishers a carriage fee, similar to the model used by cable companies.
Posted on : 2018-01-23 00:46:59
Pakistan's PM says confident GE will fix 'technical' issues with gas turbines
ISLAMABAD (Reuters) - Prime Minister Shahid Khaqan Abbasi said on Monday that some of General Electric's flagship new gas turbines in Pakistan were still suffering from technical issues such as "vibration" but he was confident the American company will fix the problems.
Posted on : 2018-01-23 00:34:16
Euro zone to disburse new loans to Greece when all reforms are done - statement
BRUSSELS (Reuters) - Euro zone finance ministers welcomed strong Greek progress in delivering reforms agreed with lenders, but agreed on Monday to wait with the next disbursement of loans for all of the agreed actions to be completed, they said in a statement.
Posted on : 2018-01-23 00:32:24
UK government under fire for leaving finance sector in dark on Brexit
LONDON (Reuters) - Business leaders have criticised Britain's government for its failure to publish a long-delayed paper on the future of its financial services industry after Brexit.
Posted on : 2018-01-23 00:10:26
U.S. Senate moves to end government shutdown
WASHINGTON (Reuters) - U.S. senators voted to move forward on legislation that would reopen the federal government until Feb. 8, ending a three-day standoff between Democrats and President Donald Trump's Republicans over immigration and border security.
Posted on : 2018-01-22 23:56:12
U.S., Britain led surprise fall in global FDI last year, U.N. data shows
GENEVA (Reuters) - Global foreign direct investment (FDI) fell by 16 percent in 2017 to an estimated $1.52 trillion, a surprise downturn led by steep reversals in Britain and the United States, United Nations data showed on Monday.
Posted on : 2018-01-22 23:46:16
France makes a new push to tempt bankers to Paris post-Brexit
PARIS (Reuters) - France's prime minister on Monday renewed a push to tempt bankers to Paris after Britain leaves the European Union by pledging to temporarily exempt expats from paying into state pension schemes and making more places available in bilingual schools.
Posted on : 2018-01-22 23:38:46
U.S. Senators reach deal to reopen government
WASHINGTON (Reuters) - U.S. lawmakers struck a deal to reopen the federal government three days into a shutdown prompted by an impasse over immigration and border security, the Senate Democratic leader said on Monday.
Posted on : 2018-01-22 23:17:47
India's oil ministry seeks cut in excise duty on petrol, diesel in budget
NEW DELHI/MUMBAI (Reuters) - India's oil ministry is pushing for a cut in excise duty on petrol and diesel in the upcoming 2018/19 budget to cushion the impact of rising oil prices on its vast consumer base, two oil ministry officials told Reuters on Monday.
Posted on : 2018-01-22 22:57:02
Corrected: NAFTA's fate uncertain ahead of talks in Montreal
(Corrects headline, 2nd paragraph to remove reference to final round of talks)
Posted on : 2018-01-22 22:42:36
Judge rejects Uber $3 millionn settlement with New York drivers
(Reuters) - A federal judge refused to grant preliminary approval for Uber Technologies Inc's proposed $3 million class-action settlement with 2,421 New York drivers who accused the ride-sharing company of retaining excessive fees from their fares.
Posted on : 2018-01-22 22:41:05
UK government under fire for leaving finance sector in the dark over Brexit
LONDON (Reuters) - Business leaders have criticised Britain's government for its failure to publish a long-delayed paper on the future of its financial services industry after Brexit.
Posted on : 2018-01-22 22:17:22
S&P, Nasdaq drift higher ahead of Senate vote on funding
(Reuters) - The S&P and the Nasdaq hit fresh records on Monday as investors bet U.S. lawmakers would strike a deal to end a federal government shutdown and as a flurry of deals buoyed sentiment.
Posted on : 2018-01-22 22:12:33
IMF raises global growth forecast, sees Trump tax boost
DAVOS, Switzerland (Reuters) - The International Monetary Fund on Monday revised up its forecast for world economic growth in 2018 and 2019, saying sweeping U.S. tax cuts were likely to boost investment in the world's largest economy and help its main trading partners.
Posted on : 2018-01-22 22:02:30
Biotech M&A takes off as Sanofi and Celgene spend $20 billion
(Reuters) - Biotech deal activity exploded on Monday with French drugmaker Sanofi and U.S.-based Celgene spending a combined total of more than $20 billion to add new products for haemophilia and cancer to their medicine cabinets.
Posted on : 2018-01-22 21:48:17
NAFTA's fate uncertain ahead of final round of talks in Montreal
OTTAWA (Reuters) - The NAFTA trade agreement's future hangs in the balance this week as negotiators from the United States, Canada and Mexico try to settle major differences over revamping a pact that President Donald Trump has threatened to abandon.
Posted on : 2018-01-22 21:47:53
U.S. shutdown would pose 'small' drag on GDP: Morgan Stanley
NEW YORK (Reuters) - The U.S. government shutdown, which was in its third day, would be a "relatively small" drag on the U.S. economic expansion in the first quarter, but the effects depend on how long it lasts, Morgan Stanley's analysts said on Monday.
Posted on : 2018-01-22 21:13:45
Dow under pressure as industrial stocks weigh
(Reuters) - The S&P and the Nasdaq were marginally higher on Monday, while losses in industrial stocks such as General Electric and Boeing as well as Apple weighed on the Dow.
Posted on : 2018-01-22 20:44:18
Oil prices soften as Libyan output undermines 2018 rally
LONDON (Reuters) - Oil slipped on Monday under pressure from rising Libyan output and concerns that a rally that had sent prices to their highest since December 2014 had run out of steam.
Posted on : 2018-01-22 20:41:50
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