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Euro, shares skid as Italy votes 'no' on reform, PM Renzi to resign

Mon, 05 Dec 2016 00:42:04 -0500

SINGAPORE/SYDNEY (Reuters) - The euro fell to a 20-month low on Monday and investors fled riskier assets after Italian Prime Minister Matteo Renzi said he would resign following a stinging defeat on constitutional reform that could destabilize the country's shaky banking system.(image)

Oil prices fall as production creeps up ahead of announced 2017 output cut

Sun, 04 Dec 2016 23:13:41 -0500

SINGAPORE (Reuters) - Oil prices fell by one percent on Monday as a higher U.S. rig count unsettled markets amid nagging concern that output cuts, planned as part of concerted action between producer club OPEC and Russia, might not be as big as initially anticipated.(image)

Burberry rejects multiple takeover offers from Coach: Financial Times

Sun, 04 Dec 2016 17:52:13 -0500

(Reuters) - British luxury fashion brand Burberry has rejected multiple takeover offers from U.S. handbag maker Coach Inc , the Financial Times reported on Sunday.(image)

Panasonic in talks to buy ZKW to accelerate push into auto electronics: source

Sun, 04 Dec 2016 22:40:57 -0500

TOKYO (Reuters) - Japan's Panasonic Corp is in talks to buy European automotive light maker ZKW Group, accelerating its push into the automotive electronics market, a person familiar with the matter said.(image)

Sharp CEO Tai says to step down once stock returns to TSE first section

Sun, 04 Dec 2016 23:12:36 -0500

TOKYO (Reuters) - Sharp Corp CEO and President Tai Jeng-wu told reporters on Monday he would step down once the Japanese electronics maker turns profitable again at the net level and its shares return to the first section of the Tokyo Stock Exchange.(image)

China trainmaker CRRC to build more plants abroad in expansion plan: China Daily

Mon, 05 Dec 2016 00:17:51 -0500

SHANGHAI (Reuters) - Chinese trainmaker CRRC plans to build more factories abroad as part of its plan to double sales outside of China to up to $15 billion by 2020, state-run China Daily reported on Monday.(image)

No price like home: Big spenders reappear in China

Sun, 04 Dec 2016 05:43:11 -0500

SHANGHAI/BEIJING (Reuters) - China's wealthiest shoppers are spending at home again, roused from a three-year slumber by a weaker yuan, lower prices and a crackdown on overseas sales agents - a welcome boost for the world's luxury brands.(image)

EU blames China for WTO environmental trade talks collapse

Sun, 04 Dec 2016 12:01:32 -0500

GENEVA (Reuters) - Europe's trade negotiator blamed China on Sunday for scuppering a global environmental trade deal by submitting impossible late demands at World Trade Organization talks aimed at scrapping import tariffs on exports worth more than $1 trillion.(image)

Novartis CEO plays down prospects for Actelion bid: Blick

Sun, 04 Dec 2016 07:52:36 -0500

VIENNA (Reuters) - Novartis Chief Executive Joe Jimenez has played down suggestions the Swiss drugmaker could bid for Swiss biotech group Actelion, which is in talks with U.S. healthcare group Johnson & Johnson about a transaction.(image)

Greece sees final solution on debt crisis amid euro uncertainty

Sun, 04 Dec 2016 12:22:02 -0500

ATHENS (Reuters) - Political uncertainty in Europe has created fresh momentum for a "comprehensive and permanent" solution to the Greek debt crisis before the year ends, a government spokesman said on Sunday.(image)