Thursday 28 December 2017

Reuters Before the Bell: World stocks in year-end rally as dollar retreats, copper surges

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Thursday, December 28, 2017
World stocks in year-end rally as dollar retreats, copper surges
LONDON (Reuters) - Buoyant commodity prices alongside a pullback in U.S. bond yields and the dollar propelled world stocks to new record highs on Thursday, signaling the rally would likely extend into 2018.
One bidder remains in takeover talks for Niki, Lauda pulls out
VIENNA (Reuters) - One bidder is left in what was a four-party competition to take over Air Berlin's insolvent Austrian airline Niki, its administrator said in an emailed statement on Thursday, adding the deal should be completed within days.
Stock futures point to positive session on Wall Street
(Reuters) - U.S. stock futures pointed to a higher open for Wall Street on Thursday, helped by a rally in commodities and a weaker dollar.
Goldman Sachs picks Dublin for asset management unit post-Brexit: source
LONDON (Reuters) - Goldman Sachs has picked Dublin as a center for administrative staff in its asset management business following Britain's vote to leave the European Union, a source familiar with the matter said.
Oil near mid-2015 highs on strong China data, tighter 2018 outlook
SINGAPORE (Reuters) - Oil prices rose on Thursday, lifted by strong data from top importer China amid thin trading activity ahead of the New Year weekend.
Poll: Supply discipline and demand to prop up oil prices in 2018
Dec 28 (Reuters) - OPEC and Russia's efforts to curb oil output, combined with forecasts for strong global demand growth, are expected to keep crude prices close to $60 a barrel in 2018, a Reuters poll of analysts showed on Thursday.
Exclusive: Apple and Amazon in talks to set up in Saudi Arabia - sources
RIYADH (Reuters) - Apple and Amazon are in licensing discussions with Riyadh on investing in Saudi Arabia, two sources told Reuters, part of Crown Prince Mohammed bin Salman's push to give the conservative kingdom a high-tech look.
Japan's Nomura poised to start China retail brokerage business: CEO
TOKYO (Reuters) - Nomura Holdings Inc is ready to serve wealthy Chinese as soon as the world's second-largest economy allows foreign financial institutions to open securities brokerages, the chief executive of Japan's biggest brokerage and investment bank said.
Mitsubishi Materials says push for market share led to data falsification
TOKYO (Reuters) - Mitsubishi Materials Corp said on Thursday that a push to expand market share had driven a subsidiary to fake product specification, one of several compliance scandals that have come to light this year in a blow to the reputation of Japan Inc.
Ex-lawyer for pharma executive Shkreli convicted of aiding fraud scheme
(Reuters) - A New York lawyer who once advised Martin Shkreli was convicted on Wednesday of helping him defraud a pharmaceutical company, a charge a different jury cleared the drug executive of when it found him guilty of securities fraud earlier this year.
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