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U.S. rejects Ford petition to delay recall of 3 million vehicles
WASHINGTON (Reuters) - The U.S. National Highway Traffic Safety Administration said on Friday it was rejecting a petition by Ford Motor Co to delay recall of about 3 million vehicles with potentially defective air bag inflators to conduct additional testing.
Posted on : 2017-11-18 01:30:47
Wall St. set to end week on whimper as tax changes mulled
NEW YORK (Reuters) - Wall Street was set to end the week on a muted note on Friday, with major indexes slipping modestly, as investors weighed the fate of the Republicans' tax cut plan.
Posted on : 2017-11-18 01:22:51
Canada, Mexico show more flexibility as key NAFTA round opens
MEXICO CITY (Reuters) - A key round of talks to update the NAFTA trade pact formally opened on Friday with Canada and Mexico showing more flexibility about addressing hardline U.S. demands that they had previously dismissed as unworkable.
Posted on : 2017-11-18 00:17:55
Exclusive - Vale delays sale of stake in New Caledonia nickel mine: sources
NEW YORK/VANCOUVER (Reuters) - Vale SA has decided to postpone the sale of a stake in its New Caledonia nickel mine after the world's largest iron ore producer decided initial bids were too low, two people with knowledge of the matter said.
Posted on : 2017-11-18 00:15:36
Wall Street slips on worries over tax plan's progress
(Reuters) - Wall Street indexes were under pressure on Friday as investors were skeptical about the Republicans' efforts to pass the tax bill.
Posted on : 2017-11-17 23:28:47
Volkswagen accelerates push into electric cars with $40 bln spending plan
WOLFSBURG/HAMBURG (Reuters) - Volkswagen approved a 34 billion euro ($40 bln) spending plan on Friday that accelerates its efforts to become a global leader in electric cars.
Posted on : 2017-11-17 23:22:32
Moody's gives Modi a boost by raising India's sovereign rating
MUMBAI/BENGALURU (Reuters) - Moody's Investors Service upgraded India's sovereign credit rating for the first time in nearly 14 years on Friday, saying continued progress on economic and institutional reforms would boost the country's growth potential.
Posted on : 2017-11-17 22:45:42
Warnings, downgrades weigh as European shares post another weekly fall
MILAN (Reuters) - Disappointing earnings updates and a series of broker downgrades weighed on European shares on Friday, with regional indexes posting their second weekly fall in a row.
Posted on : 2017-11-17 22:33:54
Emerging market inflows stall; flows to Mexico hit six-year low - IIF
NEW YORK (Reuters) - The pace of fund flows to emerging markets has stalled in the fourth quarter, data from a bank lobbying institution shows, with fund flows to Mexico slumping to their lowest since 2011 and accounting for just 3.8 percent of investors' portfolios.
Posted on : 2017-11-17 22:25:24
Graphic: Take Five - World markets themes for the week ahead
LONDON (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
Posted on : 2017-11-17 21:32:21
Global Economy: Dwindling British fortunes to be laid bare
DUBLIN (Reuters) - The diverging trajectories of Britain and other major economies is set to be further laid bare in the coming week with London's budget forecasters poised to cut their growth outlook and data elsewhere likely to remain solid.
Posted on : 2017-11-17 21:08:20
U.S. tax plan could cause sugar high, then economic slump
NEW YORK (Reuters) - Slashing taxes may give the U.S. economy a temporary boost but the "sugar rush" may cause deeper problems ahead, investors at the Reuters Global Investment 2018 Outlook Summit in New York said.
Posted on : 2017-11-17 21:02:22
NHPC could bid for Nepal's $2.5 billion power project pulled from China
NEW DELHI (Reuters) - Indian power company NHPC Ltd could bid for a $2.5 billion hyrdropower project in Nepal, its chairman told Reuters, after Kathmandu cancelled a deal with China Gezhouba Group Corp.
Posted on : 2017-11-17 20:59:35
Wall Street slips as tech, financial stocks weigh
(Reuters) - Wall Street's main indexes drifted lower on Friday, weighed down by losses in financial and technology stocks.
Posted on : 2017-11-17 20:28:09
RBI cancels open market bond sale in surprise move
BENGALURU (Reuters) - The Reserve Bank of India (RBI), in a rare move, cancelled a bond sale via open market operation (OMO) worth 100 billion rupees ($1.54 billion) that was scheduled for Nov. 23, citing "evolving liquidity conditions".
Posted on : 2017-11-17 19:22:36
Toyota and Suzuki in tie-up to sell electric vehicles in India
TOKYO (Reuters) - Toyota Motor Corp and Suzuki Motor Corp have agreed to cooperate in selling electric vehicles in India from around 2020, they said on Friday, aiming to give each other a leg up in emerging markets and low-emission technology.
Posted on : 2017-11-17 18:57:47
Yes Bank, IndusInd to join India's BSE Sensex index; Lupin, Cipla dropped
(Reuters) - Indian private sector lenders Yes Bank Ltd and IndusInd Bank Ltd will join the BSE stock exchange's 30-member Sensex index, effective Dec. 18, the index provider said on Friday.
Posted on : 2017-11-17 18:47:07
Tesla's unfettered ambition to strain finances but investors unfazed
(Reuters) - Investors shrugged off any concern over Tesla Inc over-stretching its production and financial resources with the unveiling of new futuristic semi-trucks and a pricey sports car, pushing its shares up almost 4 percent on Friday.
Posted on : 2017-11-17 18:39:44
Indian bond market euphoria seen short-lived as mood bearish prevails
MUMBAI (Reuters) - Bond market euphoria over an unexpected India sovereign rating upgrade is expected to fizzle out next week, as concern over rising inflation, hawkish central bank rhetoric and fiscal discipline resurfaces.
Posted on : 2017-11-17 18:32:25
Middle East, U.S. crude oil curbs Indian appetite for African supplies
NEW DELHI (Reuters) - India's imports of African crude oil in October plunged to their lowest in over four years, with the world's No.3 oil consumer increasingly turning to cheaper supplies from the United States and heavier Middle Eastern grades, ship tracking data showed.
Posted on : 2017-11-17 18:05:19
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