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Dollar bounces back, bond yields jump on Yellen's rate guidance

Thu, 19 Jan 2017 04:48:12 -0500

LONDON (Reuters) - The dollar rebounded, Asian shares slipped and government bond yields soared to multi-week highs on Thursday after U.S. central bank chief Janet Yellen signaled a path of steady interest rate increases for the world's largest economy.(image)

China says can resolve trade disputes with new U.S. government

Thu, 19 Jan 2017 02:51:12 -0500

BEIJING (Reuters) - China and the United States can resolve any trade disputes through talks, the government said on Thursday, as a Chinese newspaper warned U.S. business could be targets for retaliation in any trade war ushered in by President-elect Donald Trump.(image)

Indian government wants Apple, but not all officials are biting

Thu, 19 Jan 2017 05:17:07 -0500

NEW DELHI (Reuters) - Some Indian officials have balked at Apple's demands for concessions before it assembles iPhones there, raising doubts about a spring deadline to launch a key project in Prime Minister Narendra Modi's campaign to lure foreign investors.(image)

Davos CEOs 'go local' on supply chain in Trump era

Thu, 19 Jan 2017 05:22:01 -0500

DAVOS, Switzerland (Reuters) - Business leaders in Davos, traditionally the high priests of globalization, are talking up the benefits of local production this week to shield themselves from criticism from incoming U.S. President Donald Trump.(image)

Exclusive: Pentagon, Lockheed near deal on $9 billion F-35 contract - sources

Thu, 19 Jan 2017 05:37:12 -0500

WASHINGTON (Reuters) - The U.S. Department of Defense and Lockheed Martin Corp are close to deal for a contract worth almost $9 billion as negotiations are poised to bring the price per F-35 below $100 million for the first time, people familiar with the talks said Wednesday.(image)

Ex-VW CEO denies early knowledge of diesel emissions cheating

Thu, 19 Jan 2017 05:36:31 -0500

BERLIN (Reuters) - Former Volkswagen Chief Executive Martin Winterkorn told German lawmakers he did not know about the company's systematic emissions cheating earlier than VW has officially admitted.(image)

Big Oil back on the acquisition trail as outlook brightens

Thu, 19 Jan 2017 02:23:18 -0500

LONDON (Reuters) - The world's top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves rather than the mega-mergers that followed previous slumps in crude prices.(image)

Samsung chief staves off arrest, prosecutor keeps chasing

Thu, 19 Jan 2017 05:05:12 -0500

SEOUL (Reuters) - A South Korean court on Thursday dismissed an arrest warrant against the head of Samsung Group [SAGR.UL], the country's largest conglomerate, amid a graft scandal that has led to the impeachment of President Park Geun-hye.(image)

Panasonic aims to move Tesla auto partnership beyond batteries: CEO

Thu, 19 Jan 2017 03:11:38 -0500

OSAKA (Reuters) - Panasonic Corp aims to extend its partnership with electric car maker Tesla Motors Inc beyond batteries and into self-driving technology, as the Japanese conglomerate continues to shift its focus to the automotive business.(image)

U.S exchanges rent helicopter, drape banner in pursuit of Snapchat IPO

Thu, 19 Jan 2017 04:07:30 -0500

SAN FRANCISCO/NEW YORK (Reuters) - This past November, Nasdaq Inc hired a helicopter to film Manhattan's skyline using Snapchat's new video-camera sunglasses and sent the aerial footage to its social media followers.(image)