Monday, 5 March 2018

Special Report: Fidelity puts 6 million savers on risky path to retirement

Special Report: Fidelity puts 6 million savers on risky path to retirement

BOSTON (Reuters) - For three years, the mutual funds in Fidelity's flagship retirement franchise have outperformed at least 85 percent of their competitors, reversing a decade-long trend of subpar performance.

Trump ups trade pressure on Canada, Mexico; senior Republicans urge rethink

WASHINGTON (Reuters) - U.S. President Donald Trump increased pressure on Canada and Mexico over trade on Monday, saying the two could avoid being caught in his planned hefty tariffs on steel and aluminum if they ceded ground in talks on a new NAFTA trade deal.

U.S. judge orders ex-drug executive Shkreli to give up $7.36 million

NEW YORK (Reuters) - Former drug company executive Martin Shkreli may have to give up a Picasso and a one-of-a-kind Wu-Tang Clan album, after a U.S. judge on Monday ordered him to forfeit $7.36 million following his conviction of defrauding investors.

Wall Street climbs as trade-war fears abate

NEW YORK (Reuters) - U.S. stocks rallied on Monday as fears of a global trade war ebbed with investors betting that U.S. President Donald Trump would back down on his threat to impose hefty tariffs on steel and aluminum imports.

Exclusive: Fiat Chrysler to spin-off Magneti Marelli without raising money - sources

LONDON/FRANKFURT/MILAN (Reuters) - Fiat Chrysler Automobiles NV (FCA) is looking to spin off auto-parts business Magneti Marelli to its shareholders via a Milan listing that will not raise money by selling new shares, four sources familiar with the matter said.

Canada, Mexico push back on Trump's 'fair' NAFTA deal suggestion

MEXICO CITY (Reuters) - Canada and Mexico on Monday pushed back against President Donald Trump's suggestion that steel and aluminum tariffs could be waived if they signed a new and "fair" NAFTA deal, setting the stage for a tense end to the latest talks to update the trade pact.

U.S. security panel deals major blow to Broadcom's bid for Qualcomm

(Reuters) - The U.S. government on Sunday ordered Qualcomm Inc to delay its March 6 shareholder meeting, a highly unusual request that will allow time for a national security review of the deal, but that also cast new doubt on Singapore-based Broadcom Ltd's $117-billion bid for its U.S. semiconductor peer.

Exclusive: Airbus sets services goal, targets productivity gains

PARIS (Reuters) - Airbus has set a goal of tripling services revenues from its commercial aircraft business to $10 billion within seven years and sharply reducing the number of times its jets are stranded on the ground for technical reasons, industry sources said.

Exclusive: Chevron in talks to sell stake in Canada LNG project - sources

TORONTO/HOUSTON (Reuters) - Chevron Corp is exploring options including the sale of a minority stake in its Canadian liquefied natural gas (LNG) project as it pushes ahead, three people familiar with the matter told Reuters.

IEA sees U.S. oil output surge stealing OPEC share in next five years

HOUSTON/LONDON (Reuters) - U.S. shale oil output is set to surge over the next five years, stealing market share from OPEC producers and moving the United States, once the world's top oil importer, closer to self sufficiency, the International Energy Agency said on Monday.

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