Bhinneka News Online: Reuters Business Today: March 24, 2017

Friday, 24 March 2017

Reuters Business Today: March 24, 2017

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Friday, March 24, 2017

Wall Street dips in dramatic session as health bill pulled

(Reuters) - A dramatic session on Wall Street ended with stocks slightly lower on Friday as they pared losses in late-afternoon trading after Republicans pulled their bill to overhaul the U.S. healthcare system.

Trump greenlights Keystone XL pipeline, but obstacles loom

WASHINGTON/CALGARY (Reuters) - U.S. President Donald Trump's administration approved TransCanada Corp's Keystone XL pipeline on Friday, cheering the oil industry and angering environmentalists even as further hurdles for the controversial project loom.

Exclusive: Venezuela increased fuel exports to allies even as supply crunch loomed

HOUSTON/CARACAS (Reuters) - A gasoline shortage in OPEC member Venezuela was exacerbated by an increase in fuel exports to foreign allies such as Cuba and Nicaragua and an exodus of crucial personnel from state-run energy company PDVSA, according to internal PDVSA documents and sources familiar with its operations.

U.S. business spending picking up, but may slow in second quarter

WASHINGTON (Reuters) - New orders for U.S.-made capital goods unexpectedly fell in February, but a surge in shipments amid demand for machinery and electrical equipment supported expectations for an acceleration in business investment in the first quarter.

Trump touts Charter hiring that was in works for two years

WASHINGTON (Reuters) - U.S. President Donald Trump on Friday touted Charter Communications Inc's decision to invest $25 billion in the United States and a plan the company announced before he was elected to hire 20,000 workers over four years.

Mnuchin says U.S. growth prospects not fully reflected in markets

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Friday that he believes financial markets could improve "significantly" once they fully reflect the potential for U.S. economic growth from President Donald Trump's economic policies.

Uber tells U.S. court customers must arbitrate disputes

(Reuters) - A U.S. appeals court in New York on Friday weighed arguments over whether Uber Technologies Inc [UBER.UL] customers gave up their right to sue the company when they registered for its popular taxi hailing service.

Judge finds UPS liable to New York over cigarette shipments

NEW YORK (Reuters) - A federal judge on Friday said United Parcel Service Inc is liable for having illegally shipped hundreds of thousands of cartons of untaxed cigarettes in New York, depriving the state and New York City of millions of dollars of taxes.

PPG chief snubbed by Akzo during Netherlands visit

AMSTERDAM (Reuters) - A team of executives from U.S. paint maker PPG left the Netherlands on Friday without meeting their counterparts at Akzo Nobel during a two-day charm offensive to win support for their proposed takeover of their Dutch rival.

China's Zhonghong Zhuoye to buy Blackstone's stake in SeaWorld

(Reuters) - SeaWorld Entertainment Inc said China's Zhonghong Zhuoye Group Co Ltd would buy Blackstone Group LP's stake in the embattled U.S.-based marine park operator, sending SeaWorld's shares up 10 percent in morning trading on Friday.