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Drop in U.S. consumer spending clouds Fed rate hike outlook

Fri, 30 Sep 2016 09:11:19 -0400

WASHINGTON (Reuters) - U.S. consumer spending unexpectedly fell in August for the first time in seven months while inflation showed signs of accelerating, mixed signals that could keep the Federal Reserve cautious about raising interest rates.(image)

Wall Street boosted by financial, tech stocks

Fri, 30 Sep 2016 10:03:09 -0400

(Reuters) - U.S. stocks rose on Friday, the last day of the third quarter, helped by gains in financials and technology stocks.(image)

Deutsche CEO tries to reassure staff as shares plunge

Fri, 30 Sep 2016 09:53:41 -0400

FRANKFURT/LONDON (Reuters) - Deutsche Bank's chief executive sought to reassure his staff on Friday that Germany's largest lender remained robust after its shares again fell to record lows, sending tremors through global financial markets.(image)

Japan's Mitsubishi Motors to resume sales after latest cheating scandal

Fri, 30 Sep 2016 06:37:58 -0400

TOKYO (Reuters) - Japanese automaker Mitsubishi Motors Corp will resume domestic sales of eight vehicle models on Oct. 1, the company said on Friday, after correcting overstated mileage readings in its second cheating scandal this year.(image)

After Nissan ultimatum, Jaguar Land Rover says Brexit must be fair for all

Fri, 30 Sep 2016 10:00:52 -0400

LONDON (Reuters) - Jaguar Land Rover will "realign its thinking" on investment after Britain's vote to leave the EU and if Nissan gets a Brexit compensation deal then other automakers would need a level playing field, Britain's biggest carmaker said.(image)

Oil falls on firmer dollar and profit-taking after OPEC rally

Fri, 30 Sep 2016 10:02:34 -0400

LONDON (Reuters) - Oil prices fell as the dollar strengthened on Friday and investors cashed in on crude's 6 percent one-day rise after OPEC members agreed on output cuts for the first time in eight years to stifle a two-year price slide.(image)

As Deutsche struggles, European bank rally creates investor dilemma

Fri, 30 Sep 2016 10:05:56 -0400

LONDON (Reuters) - While possibly Europe's biggest "pain trade", fund managers are under pressure to buy banking stocks despite the deep problems of Deutsche Bank and some other lenders in the region.(image)

Global M&A drops in third quarter, companies wary of overpaying

Fri, 30 Sep 2016 07:57:35 -0400

(Reuters) - The value of announced mergers and acquisitions (M&A) worldwide fell 27 percent year-on-year to $753 billion in the third quarter of 2016, as apprehension among corporate executives about overpaying prevented a repeat of last year's deal-making frenzy.(image)

VW's Seat seeks return to profit with new models, cost cuts

Fri, 30 Sep 2016 08:55:57 -0400

PARIS (Reuters) - Volkswagen's long-struggling Spanish division Seat said it may return to profit this year for the first time since 2008 and stay there through 2018, benefiting from demand for new and redesigned models.(image)

Russia says will be able to freeze oil output in case of deal with OPEC

Fri, 30 Sep 2016 08:06:44 -0400

SOCHI, Russia (Reuters) - Russia will find mechanisms and instruments needed to freeze oil production should the country reach an agreement with the Organization of the Petroleum Exporting Countries on limiting output, the Russian Energy Minister said on Friday.(image)