Bhinneka News Online: Reuters Business Today: March 10, 2017

Friday, 10 March 2017

Reuters Business Today: March 10, 2017

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Friday, March 10, 2017

U.S. job growth rises briskly, wages continue to climb

WASHINGTON (Reuters) - U.S. job growth increased more than expected in February and wages rose steadily, which could give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth.

Futures extend gains after strong jobs data

(Reuters) - U.S. stock index futures extended gains on Friday after a better-than-expected February nonfarm payrolls report underscored the strength of the labor market and firmed up the odds for the first interest rate hike this year.

China defends its Trump trademark approvals as in line with law

BEIJING (Reuters) - U.S. President Donald Trump was granted initial approval on dozens of new trademarks in China because they met legal standards, a senior Chinese commercial official said on Friday.

EU capitalizing on free-trade interest amid gloom over Trump policies

MANILA (Reuters) - The European Union is seeing increased impetus around the world to move forward with Free Trade Agreements (FTA) with the bloc, which will make the most of uncertainty over the outlook for U.S. trade policy, the EU's trade envoy said on Friday.

Japan bats away U.S. complaint on autos

TOKYO (Reuters) - Japan rejected U.S. demands for more access to Japan's car market on Friday, casting doubt over whether it can avoid friction over autos and agriculture imports at high level bilateral talks on economic relations next month.

Exclusive: Japan to vet bidders in Toshiba chip sale for national security risks - sources

TOKYO (Reuters) - The Japanese government, fretting over the future of Toshiba Corp's flagship memory chips unit, is prepared to block a sale to bidders it deems a risk to national security, sources said, a stance that gives U.S. suitors a major advantage.

Southwest Airlines cuts outlook for key revenue measure

(Reuters) - Southwest Airlines Co cut its forecast for a key revenue measure on Friday, citing "unexpected softness" in demand for last-minute flight bookings in the second half of February.

China's HNA Group would like to hike Deutsche Bank stake: sources

HONG KONG (Reuters) - Chinese conglomerate HNA Group would like to increase its stake of 3 percent in Germany's Deutsche Bank , two sources with knowledge of the matter told Reuters.

After Snap IPO, U.S. regulator questions unequal voting rights

WASHINGTON/BOSTON (Reuters) - One of two current members of the U.S. Securities and Exchange Commission raised questions on Thursday for companies like Snap Inc that offer shareholders unequal voting rights, saying the agency should "focus on how some innovations may prove detrimental to investors."

Tesla's Musk offers to fix South Australia's power crisis in 100 days

MELBOURNE (Reuters) - Tesla Inc boss Elon Musk on Friday offered to save Australia's most renewable-energy dependent state from blackouts by installing $25 million worth of battery storage within 100 days, and offering it for free if he missed the target.