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Reuters: Business News



Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial in



 



Asian stocks, dollar slip as Trump caution outweighs China GDP

Thu, 19 Jan 2017 21:44:47 -0500

SINGAPORE (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.(image)



Fed's Yellen says unwise to allow U.S. economy to run 'hot'

Thu, 19 Jan 2017 21:32:07 -0500

PALO 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.(image)



IBM revenue fall dims upbeat profit forecast

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.(image)



China GDP beats expectations but debt risks loom

Thu, 19 Jan 2017 23:01:10 -0500

BEIJING (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.(image)



Investors curb their enthusiasm ahead of Trump era

Thu, 19 Jan 2017 16:49:48 -0500

NEW 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.(image)



Bain, Permira interested as Toshiba flags chip business stake sale: Kyodo

Thu, 19 Jan 2017 21:24:34 -0500

TOKYO (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.(image)



Exclusive: Aon nears $4.5 billion sale of benefits outsourcing unit - sources

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.(image)



AmEx profit misses estimates on higher marketing spend

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.(image)



Paramount Pictures in $1 billion deal with China film companies

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.(image)



Indonesian watchdog says former Garuda CEO a bribery suspect

Thu, 19 Jan 2017 22:22:01 -0500

JAKARTA (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.(image)