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Reuters: Business News



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Wall St. pares gains as healthcare bill vote awaited

Fri, 24 Mar 2017 13:07:53 -0400

(Reuters) - U.S. stocks pared gains in choppy trading on Friday as investors braced for the outcome of a vote on a healthcare bill that is seen as a test of President Donald Trump's ability to pass his legislative agenda through Congress.(image)



Trump greenlights Keystone XL pipeline, but obstacles loom

Fri, 24 Mar 2017 13:39:36 -0400

WASHINGTON/CALGARY (Reuters) - U.S. President Donald Trump's administration approved TransCanada Corp's Keystone XL pipeline on Friday, cheering the oil industry and angering environmentalists even as further hurdles for the controversial project loom.(image)



Exclusive: Venezuela increased fuel exports to allies even as supply crunch loomed

Fri, 24 Mar 2017 13:54:05 -0400

HOUSTON/CARACAS (Reuters) - A gasoline shortage in OPEC member Venezuela was exacerbated by an increase in government-sanctioned fuel exports to foreign allies and an exodus of crucial personnel from state-run energy company PDVSA [PDVSA.UL], according to internal PDVSA documents and sources familiar with its operations.(image)



Trump says Charter to invest $25 billion in U.S., hire 20,000 workers

Fri, 24 Mar 2017 13:05:07 -0400

WASHINGTON (Reuters) - U.S. President Donald Trump on Friday touted Charter Communications Inc's decision to invest $25 billion in the United States and its previously disclosed plan to hire 20,000 workers over four years.(image)



Mnuchin says U.S. growth prospects not fully reflected in markets

Fri, 24 Mar 2017 11:46:32 -0400

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Friday that he believes financial markets could improve "significantly" once they fully reflect the potential for U.S. economic growth from President Donald Trump's economic policies.(image)



U.S. business spending picking up, but may slow in second quarter

Fri, 24 Mar 2017 12:45:36 -0400

WASHINGTON (Reuters) - New orders for U.S.-made capital goods unexpectedly fell in February, but a surge in shipments amid demand for machinery and electrical equipment supported expectations for an acceleration in business investment in the first quarter.(image)



PPG chief snubbed by Akzo during Netherlands visit

Fri, 24 Mar 2017 12:43:22 -0400

AMSTERDAM (Reuters) - A team of executives from U.S. paint maker PPG left the Netherlands on Friday without meeting their counterparts at Akzo Nobel during a two-day charm offensive to win support for their proposed takeover of their Dutch rival.(image)



China's Zhonghong Zhuoye to buy Blackstone's stake in SeaWorld

Fri, 24 Mar 2017 11:16:25 -0400

(Reuters) - SeaWorld Entertainment Inc said China's Zhonghong Zhuoye Group Co Ltd would buy Blackstone Group LP's stake in the embattled U.S.-based marine park operator, sending SeaWorld's shares up 10 percent in morning trading on Friday.(image)



EU stalls Russian gas pipeline, but probably won't stop it

Fri, 24 Mar 2017 11:43:59 -0400

BRUSSELS/FRANKFURT (Reuters) - Russia has the European Union in a bind.(image)



Number of newly-minted millionaires at Europe's big banks is shrinking

Fri, 24 Mar 2017 13:03:25 -0400

LONDON (Reuters) - The number of employees earning more than a million euros or pounds at Europe's biggest banks fell sharply last year, another sign of the clout they have lost to U.S. rivals since the financial crisis.(image)