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Reuters: Business News



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Switch it up this year: Buy in May, till November stay

Sat, 27 May 2017 01:57:30 -0400

NEW YORK (Reuters) - "Sell in May and go away" is perhaps the oldest saw on Wall Street, but it appears there's no shortage of U.S. mutual funds doing exactly that this year.(image)



U.S. economy slowed less than expected in first quarter; outlook cloudier

Fri, 26 May 2017 12:40:48 -0400

WASHINGTON (Reuters) - The U.S. economy slowed less than initially thought in the first quarter, but softening business investment and moderate consumer spending are clouding expectations of a sharp acceleration in the second quarter.(image)



China's reforms not enough to arrest mounting debt: Moody's

Fri, 26 May 2017 07:16:22 -0400

BEIJING (Reuters) - China's structural reforms will slow the pace of its debt build-up but will not be enough to arrest it, and another credit rating cut for the country is possible down the road unless it gets its ballooning credit in check, officials at Moody's said.(image)



GM says ISS advises against Greenlight share plan, board nominees

Sat, 27 May 2017 13:40:14 -0400

(Reuters) - General Motors Co said on Saturday that proxy advisory firm Institutional Shareholder Services has recommended that shareholders vote against a slate of directors proposed by hedge fund Greenlight Capital and reject the hedge fund's plan to divide GM shares into two classes.(image)



In Aramco IPO pitch, Canada plays up its natural resources expertise

Sat, 27 May 2017 05:06:53 -0400

((This May 26th story corrects paragraph 12 to show Falih was speaking at news conference not to Reuters and adds comment on listing))(image)



Slim seeks to sell minority stake in tower company Telesites: sources

Fri, 26 May 2017 17:42:40 -0400

(Reuters) - Billionaire Carlos Slim is looking to sell a minority stake in Telesites SAB de CV , the Mexican wireless tower company that he controls, people familiar with the matter said on Friday.(image)



Reliance Communications hit by Indian mobile price war

Sat, 27 May 2017 13:59:56 -0400

MUMBAI (Reuters) - Indian mobile phone network operator Reliance Communications Ltd posted its second straight quarterly loss on Saturday, hit by the price war which has broken out in the world's second-biggest mobile market by number of users.(image)



OPEC ponders how to co-exist with U.S. shale oil

Fri, 26 May 2017 10:10:59 -0400

VIENNA (Reuters) - First, they ignored each other. Then, they went into a bruising fight. Finally, they are talking, albeit with opposing agendas.(image)



Exclusive: China's COFCO overhauls Brazil business after accounting crisis - sources

Fri, 26 May 2017 13:24:55 -0400

LONDON/SAO PAULO (Reuters) - Chinese food commodities trader COFCO [CNCOF.UL] is overhauling its operations in Brazil, including a management reshuffle, as it restructures its Nidera Sementes Ltda business following accounting irregularities reported last year, according to company documents and sources.(image)



Some investors bet Brazil has further room to fall

Fri, 26 May 2017 13:37:45 -0400

NEW YORK (Reuters) - Some investors are betting the worst is yet to come for Brazil's stock market, even after a brutal selloff last week.(image)