Breaking business news: World stock rally rolls on with best start in eight years

Click to View in Browser Monday, January 8, 2018 World stock rally rolls on with best start in eight years LONDON (Reuters) - World stock markets hovered close to all-time highs on Monday as the best start to a year in eight years showed little sign of running out of steam, with the combination of strong global growth and low inflation powering the appetite for risk. U.S. bank gains from tax law start with red ink NEW YORK (Reuters) - U.S. bank executives and investors expect a long-term boost from the new federal tax code, but the biggest lenders will first need to book multi-billion-dollar charges that will muddle fourth-quarter results. Bitcoin drops below $15,000 as South Korea reviews accounts NEW YORK (Reuters) - Bitcoin fell below $15,000 on Monday after South Korea's financial regulator said it and other agencies are inspecting six local banks that offer digital currency accounts to institutions. Oil approaches 2015 highs on fewer U.S. rigs, OPEC SINGAPORE/LONDON (Reuters) - Oil prices rose on Monday, coming close to three-year highs on a slight decline in the number of U.S. rigs drilling for new production and sustained OPEC output cuts. Wall Street opens flat as tech, bank stocks weigh (Reuters) - U.S. stock indexes opened little changed on Monday, with losses for banking and technology stocks helping put a halt to Wall Street's strongest start to a year in over a decade. Rival airlines Emirates, Etihad step closer with security pact DUBAI (Reuters) - Emirates [EMIRA.UL] and Etihad Airways signed a security pact on Monday to share information and intelligence, the first agreement between the two rival airlines based in the United Arab Emirates (UAE). Exclusive: Bankers invited to Saudi Arabia to pitch for Aramco listing roles LONDON/DUBAI (Reuters) - Saudi Aramco has invited banks pitching for roles in its stock market listing, including Citi and Goldman Sachs, for meetings in the kingdom in the coming weeks to make their case, according to three banking sources familiar with the matter. Ford to launch diesel truck to grab fuel economy edge DETROIT (Reuters) - Ford Motor Co plans this spring to offer a diesel engine version of its best-selling F-150 pickup truck, looking to gain a marketing edge as its main rivals ramp up more efficient pickups of their own. Lululemon says holiday season sales better than it expected (Reuters) - Lululemon Athletica Inc said on Monday the holiday shopping season was even better that it had expected and raised its profit and revenue forecasts for the fourth quarter, sending the Canadian yoga and leisure apparel maker's shares up. Starbucks wins dismissal in U.S. of underfilled latte lawsuit (Reuters) - Starbucks Corp has won the dismissal of a U.S. lawsuit accusing the coffee chain of overcharging customers by underfilling lattes and mochas to reduce milk costs. Related Video Week ahead: markets fixate on Fed officials Fix to chip hacking threat creates new worries 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