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Friday, 10 March 2017

Reuters Business Today: March 10, 2017

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Friday, March 10, 2017
Strong U.S. job growth, rising wages set stage for Fed rate hike
WASHINGTON (Reuters) - U.S. employers hired workers at a robust pace in February, beating expectations, and wages grinded higher, which could give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth.
Wall Street opens higher after robust jobs data
(Reuters) - U.S. stocks opened higher on Friday after a stellar jobs report underscored the strength of the economy and firmed up the odds of the first interest rate hike this year.
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.
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.
Akzo Nobel rejects $22 billion PPG bid, looks to spin off chemicals
AMSTERDAM (Reuters) - Dutch paints and coatings maker Akzo Nobel NV rejected a 21 billion euro ($22 billion) bid from larger U.S. rival PPG Industries Inc on Thursday, saying instead it wanted to "unlock value" by spinning off its chemicals business.
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.
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