Thu, 19 Jan 2017 21:44:47 -0500SINGAPORE (Reuters) - Caution prevailed in financial markets on Friday ahead of U.S. President-elect Donald Trump's inauguration, even as China's fourth-quarter economic growth beat expectations and Federal Reserve Chair Janet Yellen took a less hawkish policy stance.
Thu, 19 Jan 2017 21:32:07 -0500PALO ALTO, Calif. (Reuters) - With monetary policy still modestly accommodative, the U.S. central bank should continue to raise interest rates slowly or risk harm to the recovery the Fed has sought to nurture, Federal Reserve Chair Janet Yellen said on Thursday.
Thu, 19 Jan 2017 18:46:42 -0500(Reuters) - International Business Machines Corp reported its 19th straight quarter of declining revenue, but forecast full-year earnings above Wall Street estimates due to growth in newer areas such as cloud-based services and analytics.
Thu, 19 Jan 2017 23:01:10 -0500BEIJING (Reuters) - China's economy grew a faster-than-expected 6.8 percent in the fourth quarter, boosted by higher government spending and record bank lending, giving it a solid tailwind heading into what is expected to be a turbulent 2017.
Thu, 19 Jan 2017 16:49:48 -0500NEW YORK (Reuters) - A month ago, the dollar and stock markets were riding high as investors bet that the Trump administration, together with the Republican-controlled Congress, would usher in an era of lower taxes, more government spending and looser regulations.
Thu, 19 Jan 2017 21:24:34 -0500TOKYO (Reuters) - Japan's struggling Toshiba Corp has started the process to sell a minority stake in its flash memory chip business worth several billion dollars, and funds Permira and Bain Capital have expressed interest, Kyodo news agency reported.
Thu, 19 Jan 2017 10:54:58 -0500(Reuters) - Insurance broker Aon Plc is in advanced talks to sell its employee benefits outsourcing unit to buyout firm Clayton Dubilier & Rice LLC for nearly $4.5 billion, people familiar with the matter said on Thursday.
Thu, 19 Jan 2017 18:14:00 -0500(Reuters) - American Express Co posted a lower-than-expected quarterly profit on Thursday as the credit card issuer boosted spending on marketing and promotion to fend off rising competition.
Thu, 19 Jan 2017 21:51:04 -0500(Reuters) - Viacom Inc's Paramount Pictures will receive a $1 billion cash investment from two Chinese film companies, Shanghai Film Group and Huahua Media, giving the U.S. studio needed cash and stability as it attempts to grow.
Thu, 19 Jan 2017 22:22:01 -0500JAKARTA (Reuters) - Indonesia's anti-corruption agency said on Thursday it was treating the former chief executive of airline PT Garuda Indonesia Tbk as a suspect in a bribery case.