Breaking business news: Dollar starts 2018 in doldrums, European stocks groggy

Click to View in Browser Tuesday, January 2, 2018 Dollar starts 2018 in doldrums, European stocks groggy LONDON (Reuters) - The ailing dollar fell to its lowest in over three months on Tuesday, while surprisingly upbeat Chinese manufacturing data ensured there was no serious new year hangover for world shares despite a groggy start for Europe. As U.S. budget fight looms, Republicans flip their fiscal script WASHINGTON (Reuters) - The head of a conservative Republican faction in the U.S. Congress, who voted this month for a huge expansion of the national debt to pay for tax cuts, called himself a "fiscal conservative" on Sunday and urged budget restraint in 2018. Boeing talks not considering change of control at Embraer: paper SAO PAULO (Reuters) - Tie-up talks between Boeing Co and Embraer SA do not contemplate a change of control at the Brazilian planemaker and are focused on joint ventures and joint business agreements, a Brazilian newspaper reported on Tuesday. BP takes $1.5 billion charge over U.S tax changes, joining Shell LONDON (Reuters) - BP will take a one-off $1.5 billion charge in its 2017 fourth quarter earnings as a result of new U.S. corporate income tax rules, joining rival Royal Dutch Shell. LeEco founder defies China return order, stays in U.S. for car fundraising SHANGHAI (Reuters) - The founder of debt-laden tech conglomerate LeEco has defied orders from Chinese regulators to return to the country before the end of 2017, saying he needed to stay in the United States as a fundraising for his electric car business was making progress. Euro zone factory growth surges to record; more uneven in Asia LONDON/HONG KONG (Reuters) - Euro zone factories ended 2017 growing at their fastest pace in more than two decades while performance in Asia was more uneven, with its third-largest economy India leading the field and manufacturing giant China unexpectedly resilient. Hyundai Motor, Kia Motors flag slow sales recovery in 2018 SEOUL (Reuters) - South Korea's Hyundai Motor and Kia Motors on Tuesday flagged 4 percent sales growth in 2018, suggesting a slow recovery from a slump linked to their lack of SUVs in the United States and diplomatic tensions with China. Oil trades near strongest levels since mid-2015 on Iranian unrest SINGAPORE/LONDON (Reuters) - Oil prices posted their strongest opening to a year since 2014 on Tuesday, with crude rising to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia. UK may use taxes to get tech giants to do more to fight extremism, minister says LONDON (Reuters) - Britain may impose new taxes on tech giants like Google and Facebook unless they do more to combat online extremism by taking down material aimed at radicalizing people or helping them to prepare attacks, the country's security minister said. Siemens to gauge interest of state funds in Healthineers IPO: CEO FRANKFURT (Reuters) - Siemens will test the appetite of sovereign wealth funds ahead of the planned listing of its healthcare unit Healthineers next year, its chief executive told a German weekly, possibly to secure anchor investors for the flotation. Related Video Want to buy Birkenstock? Learn to spell it first Few expect 2018 to be as great as 2017 - Max Wolff Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2018 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