Bhinneka News Online: Reuters Business Today: March 23, 2017

Thursday, 23 March 2017

Reuters Business Today: March 23, 2017

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Thursday, March 23, 2017

Jobless claims unexpectedly rise; labor market still strong

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly rose last week, but remained below a level associated with a strengthening labor market.

Fed's Yellen does not comment on monetary policy

WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen did not address monetary policy or the economic outlook in prepared remarks for a childhood education conference in Washington on Thursday.

Global stocks, bonds cheer bumper ECB cash handout

LONDON (Reuters) - Euro zone stocks and bonds rallied on Thursday as banks snapped up almost quarter of a trillion euros of interest-free European Central Bank cash in what the ECB hopes will be the last outing for one of its main crisis-fighting tools.

As Trump targets energy rules, oil companies downplay their impact

BOSTON (Reuters) - President Donald Trump's White House has said his plans to slash environmental regulations will trigger a new energy boom and help the United States drill its way to independence from foreign oil.

Trump Tantrum looms on Wall Street if healthcare effort stalls

NEW YORK (Reuters) - The Trump Trade could start looking more like a Trump Tantrum if the new U.S. administration's healthcare bill stalls in Congress, prompting worries on Wall Street about tax cuts and other measures aimed at promoting economic growth.

PPG's McGarry in Amsterdam to promote 'compelling' Akzo offer

AMSTERDAM (Reuters) - Paint maker PPG has made a "very compelling" offer for Akzo Nobel and was shocked when its Dutch rival turned it down, PPG's chief executive Michael McGarry said on Thursday on a visit to Amsterdam to drum up support for a proposed tie-up.

J&J latest to suspend ads from YouTube over offensive videos

(Reuters) - U.S. healthcare conglomerate Johnson & Johnson became the latest company to suspend all digital advertising on Google's YouTube, over concerns that its ads may have appeared on channels that broadcast offensive videos.

Diamond group De Beers buys out retail partner LVMH

PARIS (Reuters) - Anglo American's diamond specialist De Beers has bought the 50 percent stake held by French luxury goods group LVMH in De Beers Diamond Jewellers for an undisclosed sum, taking full ownership of the retail operation.

Exclusive: Westinghouse's clients gear up for bankruptcy fight - sources

(Reuters) - The U.S. utilities that are clients of Toshiba Corp's nuclear power plant construction subsidiary, Westinghouse Electric Co LLC, have hired advisers to prepare for its potential bankruptcy, according to people familiar with the matter.

Shell reluctant to part with California refinery amid asset sale

NEW YORK (Reuters) - Royal Dutch Shell is in talks with several potential buyers for its refinery outside of San Francisco, but the Anglo-Dutch oil giant is reluctant to part with its last asset in California, three people familiar with the process say.