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French election relief sends Europe soaring

Mon, 24 Apr 2017 04:07:22 -0400

LONDON (Reuters) - European shares opened sharply higher and the euro briefly vaulted to five-month peaks on Monday after the market's favored candidate won the first round of the French election, reducing the risk of another Brexit-like shock.(image)

Tesla’s big Model 3 bet rides on risky assembly line strategy

Mon, 24 Apr 2017 01:13:19 -0400

(Reuters) - Tesla Inc Chief Executive Elon Musk took many risks with the technology in his company's cars on the way to surpassing Ford Motor Co's market value. Now Musk is pushing boundaries in the factory that makes them.(image)

U.S. Chamber of Commerce chief expects basic NAFTA deal by mid-2018

Mon, 24 Apr 2017 01:16:04 -0400

MEXICO CITY (Reuters) - The United States, Mexico and Canada are likely to reach a basic accord over reworking the North American Free Trade Agreement (NAFTA) by the middle of next year, the head of the biggest U.S. business lobby group said on Sunday.(image)

China policymakers bullish on economy, cite strong first-quarter GDP, stable yuan

Mon, 24 Apr 2017 00:05:58 -0400

SHANGHAI (Reuters) - Policymakers in China are pushing a bullish message on the world's second-biggest economy after a solid first quarter, pointing to a slow down in capital outflows and a stable yuan after a selloff last year stoked fears of instability.(image)

China clamps down on excess steel as Japan decries Trump 'protectionism'

Mon, 24 Apr 2017 05:04:56 -0400

MANILA/BEIJING (Reuters) - Twenty-nine Chinese steel firms have had their licenses revoked as Beijing kept up its campaign to tackle overcapacity in the sector and days after U.S. President Donald Trump said he would open a probe into cheap steel exports from China and elsewhere.(image)

Oil recovers some ground, rise in U.S. drilling caps gains

Mon, 24 Apr 2017 05:38:57 -0400

LONDON (Reuters) - Oil prices recovered some lost ground on Monday after big losses last week, driven by expectations that OPEC will extend output cuts till the end of 2017, although a relentless rise in U.S. drilling capped gains.(image)

LafargeHolcim CEO to depart in wake of Syria controversy

Mon, 24 Apr 2017 02:09:23 -0400

ZURICH (Reuters) - LafargeHolcim Chief Executive Eric Olsen will leave the company in July, the world's largest cement maker said on Monday, in the wake of an investigation into allegations the company paid armed groups in Syria to keep a plant operating.(image)

Luxury retailer Jimmy Choo puts itself up for sale

Mon, 24 Apr 2017 03:57:11 -0400

LONDON (Reuters) - British luxury retailer Jimmy Choo is seeking offers for the company as part of a review of its strategic options to maximize shareholder value, it said on Monday.(image)

Local, global security firms in race along China's 'Silk Road'

Sun, 23 Apr 2017 22:32:10 -0400

SHANGHAI/BEIJING (Reuters) - Global security companies and their smaller Chinese rivals are jostling for business along Beijing's modern-day "Silk Road", the grandiose plan for land and sea routes connecting the world's second largest economy with the rest of Asia and beyond.(image)

HSBC confident can maintain dividend, exceed cost targets: CEO

Mon, 24 Apr 2017 05:25:05 -0400

HONG KONG (Reuters) - HSBC Holdings Plc is confident it can maintain dividend payouts in the foreseeable future and expects to exceed risk-weighted asset and cost-saving targets, the bank's chief executive Stuart Gulliver said on Monday.(image)