Monday, 19 February 2018

World stocks break recovery streak with U.S. and China closed

World stocks break recovery streak with U.S. and China closed

LONDON (Reuters) - World stocks were set to post their first loss in five days on Monday, breaking a winning streak that saw them recover almost half their losses from a violent sell-off two weeks ago.

For timing of Aramco IPO, watch forward oil price curve

LONDON (Reuters) - It's the burning question in the oil industry: when will Saudi Arabia pull the trigger on the Aramco stock market listing?

Alibaba, Tencent rally troops amid $10 billion retail battle

SHANGHAI (Reuters) - China's tech giants Alibaba Group Holding Ltd and Tencent Holdings Ltd , worth a combined $1 trillion, are on a retail investment binge, forcing merchants to choose sides amid a battle for shoppers' digital wallets.

How a U.S. coal deal warmed Ukraine's ties with Trump

KIEV (Reuters) - For the first time in Ukraine's history, U.S. anthracite is helping to keep the lights on and the heating going this winter following a deal that has also helped to warm Kiev's relations with President Donald Trump.

South Korea's Moon bemoans GM plant closure move, calls on government to help workers

SEOUL (Reuters) - South Korean President Moon Jae-in said on Monday General Motors Co's (GM) decision to shut down a factory south of Seoul will hurt that region, and called upon his administration to take measures to boost economic activity there.

Congress sets sights on federal cryptocurrency rules

WASHINGTON (Reuters) - Jolted by the global investment craze over bitcoin and other cryptocurrencies, U.S. lawmakers are moving to consider new rules that could impose stricter federal oversight on the emerging asset class, several top lawmakers told Reuters.

Software may have helped Daimler pass U.S. emissions tests: report

BERLIN (Reuters) - U.S. investigators probing Mercedes maker Daimler have found that its cars were equipped with software which may have help them to pass diesel emissions tests, a German newspaper reported on Sunday, citing confidential documents.

BlackRock upgrades outlook for U.S. stocks on earnings momentum

(Reuters) - The world's biggest asset manager BlackRock Inc upgraded its view on U.S. stocks, citing very strong earnings momentum, while cutting European stocks to neutral.

Global mining deals jump 15 percent by value in 2017: EY

LONDON (Reuters) - The value of global mining and metals deals hit a four-year high in 2017, according to accountancy firm EY, as financial distress abated and companies sold off non-core assets.

BoE's Carney says Bitcoin has 'pretty much failed' as currency

LONDON (Reuters) - Bitcoin <BTC=BTSP> has failed as a currency measured by standard benchmarks, and is neither a store of value nor a useful way to buy things, Bank of England Governor Mark Carney said on Monday.

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