Daily Investor Update: World stocks rally with surge in metals prices, U.S. dollar retreats

Click to View in Browser Thursday, December 28, 2017 World stocks rally with surge in metals prices, U.S. dollar retreats NEW YORK (Reuters) - World stocks trotted higher in light holiday trading on Thursday, moving to record levels as rising commodities prices gestured to a strong finish to the year for risk assets. Wall Street rises as financials, tech advance NEW YORK (Reuters) - U.S. stocks edged higher in light trading on Thursday, buoyed by gains in financial stocks and as technology stocks continued to slowly recover from a losing skid. GM wins ruling that could narrow ignition switch litigation NEW YORK (Reuters) - General Motors Co on Thursday won a court ruling that could reduce the private litigation it faces over flawed vehicle ignition switches, which have been linked to 124 deaths and triggered a big recall. SoftBank tender for Uber stake succeeds at discounted price: WSJ (Reuters) - A consortium led by SoftBank Group Corp will buy a more than 15 percent stake in Uber Technologies Inc [UBER.UL] after existing investors in the ride services company agreed to sell shares at a price that values the startup at $48 billion, the Wall Street Journal reported on Thursday. VW to try to block emissions audit in constitutional court FRANKFURT (Reuters) - Volkswagen AG said on Thursday it would petition Germany's constitutional court in an effort to overturn the appointment of a special auditor to investigate the actions of management in the "Dieselgate" emissions scandal. With lineup widening, Apple depends less on iPhone X SAN FRANCISCO (Reuters) - In years past, demand for Apple Inc's latest flagship phone was critical to the company's results over the holiday shopping quarter. 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. Citigroup to pay $11.5 million fines, compensation over errant stock ratings NEW YORK (Reuters) - Citigroup Inc will pay at least $11.5 million in fines and restitution to settle charges it displayed the wrong research ratings on more than 1,800 stocks, causing many customers to own shares they never would have bought, a U.S. regulator said on Thursday. Apple, Epson face French legal complaints over allegedly shortening life of products PARIS (Reuters) - Smartphone maker Apple and Japanese printer company Epson are facing legal complaints in France over allegedly speeding up the aging process of their products to stimulate demand. Oil prices stay near high on strong U.S. refinery runs, China data NEW YORK (Reuters) - Oil prices dipped on Thursday but stayed close to their highest in 2-1/2 years, as data showed strong demand for crude imports in China and on increased refining activity in the United States that drew more crude from inventories. Related Video South Korea's new cryptocurrency rules Lithium boom has Bolivia seeking fresh capital Related News Noosa founder Koel Thomae found her dream in a spoon of yogurt Biggest withdrawal in four months hits U.S. domestic stock funds: ICI Get a jump on the day with our early morning summary of key news developments for the US markets, as well as global market news. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook