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31/05/2018
By Caroline Valetkevitch NEW YORK (Reuters) - Expectations for solid economic and earnings growth will help U.S. stocks find slightly firmer footing in the second half of the year, according to a Reuters poll of strategists who expect the market to gain about 6 percent between now and year-end. While first-quarter earnings gains of 26.3 percent for S&P 500 companies have sparked concerns growth may have peaked for the current up trend, profit growth for the rest of this year and next will stay strong enough to support market valuations, strategists said. [ 527 more words ]
https://m.today/wall-street-set-to/
Wall Street set to resume gains, rise 6 percent from here: Reuters poll By Caroline Valetkevitch NEW YORK (Reuters) – Expectations for solid economic and earnings growth will help U.S. stocks find slightly firmer footing in the second half of the year, according …
31/05/2018
ZURICH (Reuters) - The typical Swiss carries 133 francs ($135) around in cash and prefers debit cards to credit cards and online payments, a survey by the Swiss central bank showed, underscoring the traditional Swiss fondness for banknotes. National Bank officials said the perceived convenience and efficiency of cash made it the payment choice for most households in wealthy Switzerland, although younger people and high earners often favor using cards. [ 308 more words ]
https://m.today/cash-remains-king-for/
Cash remains king for Swiss households: national bank survey ZURICH (Reuters) – The typical Swiss carries 133 francs ($135) around in cash and prefers debit cards to credit cards and online payments, a survey by the Swiss central bank showed, underscor…
31/05/2018
By Aleksandar Vasovic KOSTOLAC, Serbia (Reuters) - Serbian archaeologists at the site of the ancient Roman city of Viminacium have found an intact sarcophagus with two skeletons bedecked with gold and silver adornments. Ilija Mikic, an anthropologist at the site, said the skeletons were of a tall, middle-aged man and a slim younger woman. In addition to three delicate glass perfume bottles, the woman had golden earrings, a necklace, a silver mirror and several expensive hair pins, while a silver belt buckle and remains of shoes were found lying around the man. [ 234 more words ]
https://m.today/?p=9550
31/05/2018
By Danilo Masoni MILAN (Reuters) - Some European and U.S. fund managers are stepping back into Italian equities after fresh angst about a break from the euro zone wiped five months of gains off Milan's top share index. Analysts expect uncertainty about Italy's role in Europe and worries over its finances are here to stay, keeping markets turbulent, but investors say that could make good companies cheaper, boosting returns over the longer term. [ 703 more words ]
https://m.today/graphic-buy-now-or/
Graphic: ‘Buy now or wait?’, Italian sell-off lures back investors By Danilo Masoni MILAN (Reuters) – Some European and U.S. fund managers are stepping back into Italian equities after fresh angst about a break from the euro zone wiped five months of gains o…
31/05/2018
ATHENS (Reuters) - Greece will raise the monthly limit of cash that can be withdrawn from bank accounts to 5,000 euros from 2,300 euros as part of measures to ease capital controls imposed three years ago, the government said on Thursday in a decree. The finance ministry's decision will come into effect once it is published in the government gazette. … [ 36 more words ]
https://m.today/?p=9546
31/05/2018
(Reuters) - General Motors Co said on Thursday that Japan's SoftBank Group Corp will invest $2.25 billion through its Vision Fund in GM Cruise Holdings LLC, the carmaker's autonomous vehicle technology. GM will also invest $1.1 billion in the unit after the deal closes, the company said. (Reporting by Sanjana Shivdas in Bengaluru)
https://m.today/softbank-vision-fund-to/
SoftBank Vision Fund to invest $2.25 billion in GM Cruise (Reuters) – General Motors Co said on Thursday that Japan’s SoftBank Group Corp will invest $2.25 billion through its Vision Fund in GM Cruise Holdings LLC, …
31/05/2018
By Mark Miller CHICAGO (Reuters) - Fewer Americans are asking Social Security to "show me the money" as soon as possible. The share of workers claiming Social Security retirement benefits at the earliest possible date has plunged in recent years. That probably reflects growing public awareness of the higher annual benefits available through delayed claiming. But it may also be driven by the dramatic shift by employers away from traditional pension retirement coverage, and toward 401(k) savings plans. [ 841 more words ]
https://m.today/?p=9542
31/05/2018
DUBAI (Reuters) - Emirates is to launch a premium economy class on its aircraft from 2020, according to its President Tim Clark, which could help the carrier attract more higher spending travellers. Premium economy costs more than economy class tickets, but less than business class. Its introduction by Emirates could increase competitive pressure on rival Gulf airlines Qatar Airways and Etihad Airways. [ 181 more words ]
https://m.today/emirates-airline-to-offer/
Emirates airline to offer premium economy from 2020 DUBAI (Reuters) – Emirates is to launch a premium economy class on its aircraft from 2020, according to its President Tim Clark, which could help the carrier attract more higher spending trav…
31/05/2018
By Aditi Shah NEW DELHI (Reuters) - The Indian government's offer to sell stakes in Air India has failed to draw a single bid so far, underlining the challenge it faces in fixing the debt-laden state carrier, as well as meeting a broader target of stake sales in government-held firms. Prime Minister Narendra Modi's government announced a plan in March to divest a 76 percent stake in Air India and offload about $5.1 billion of its debt. [ 600 more words ]
https://m.today/air-india-sale-exposes/
Air India sale exposes hurdles for Modi’s divestment drive By Aditi Shah NEW DELHI (Reuters) – The Indian government’s offer to sell stakes in Air India has failed to draw a single bid so far, underlining the challenge it faces in fixing the de…
31/05/2018
PARIS (Reuters) - Garbine Muguruza cruised past French wild card player Fiona Ferro 6-4 6-3 on Thursday, booking her place in the French Open third round. The Spaniard sealed the match with a whipped cross-court forehand, though for much of the match the number three seed struggled to find her rhythm and range on the forehand. Muguruza, who won at Roland Garros in 2016 and heads to Wimbledon this year as defending champion, had not played 21-year-old Ferro before Thursday's encounter. [ 152 more words ]
https://m.today/spains-muguruza-downs-french/
Spain’s Muguruza downs French wild card, into Roland Garros third round PARIS (Reuters) – Garbine Muguruza cruised past French wild card player Fiona Ferro 6-4 6-3 on Thursday, booking her place in the French Open third round. The Spaniard sealed the match with a…
31/05/2018
By Shihar Aneez COLOMBO (Reuters) - Talks between China and Sri Lanka for a free trade agreement have hit major hurdles, mainly because Beijing will not agree to Colombo's demand for a review of the deal after 10 years, Sri Lanka's top negotiator said. China has invested billions of dollars building ports and roads and power stations in the Indian Ocean island nation just off the southern toe of India as part of its Belt and Road Initiative to increase its trade and other connections across Asia and beyond. [ 483 more words ]
https://m.today/?p=9533
31/05/2018
By Claire Milhench LONDON (Reuters) - British investors have trimmed back their equity exposure, wary of U.S. protectionist threats, Italian political turmoil and rising U.S. bond yields but most continued to favor emerging markets despite recent hefty selloffs in the sector. Reuters' monthly asset allocation poll of 17 UK-based asset managers was conducted between May 14-25 as investors reeled from escalating trade tensions, U.S. [ 561 more words ]
https://m.today/?p=9531
31/05/2018
By Sujata Rao LONDON (Reuters) - Italian political ructions and fears of a U.S.-China trade war persuaded European money managers to dial back allocations to equities and emerging markets in May, while raising bond holdings to the highest since July 2016. Reuters' latest monthly survey of investors was carried out May 14-29, a time when 10-year U.S. yields rose to seven-year highs above 3 percent, oil prices jumped to $80 a barrel and Italy's massive bond and equity selloff sent the euro to multi-month lows by evoking memories of the 2011-2012 crisis. [ 519 more words ]
https://m.today/?p=9530
31/05/2018
By Claire Milhench LONDON (Reuters) - Global investors cut their equity holdings to a nine-month low in May after a turbulent month characterised by revived trade war fears, Italian political turmoil and a spike in U.S. bond yields. The Reuters monthly asset allocation poll of 52 wealth managers and chief investment officers in Europe, the United States, Britain and Japan was carried out between May 14 and 31. [ 690 more words ]
https://m.today/global-funds-cut-stocks/
Global funds cut stocks to 9-month lows in turbulent May: Reuters poll By Claire Milhench LONDON (Reuters) – Global investors cut their equity holdings to a nine-month low in May after a turbulent month characterised by revived trade war fears, Italian political…
31/05/2018
By Rahul Karunakar (Reuters) - U.S. funds increased recommendations for bond holdings to a more than two-year high in May and cut equities to the lowest since October, citing the political crisis in Italy and rising risks of a trade war, a Reuters poll showed. Stocks, the euro and Italian bonds were hit this week on concerns a eurosceptic government in Italy could threaten Europe's hard-won financial stability over recent years. [ 220 more words ]
https://m.today/u-s-funds-dash-to/
31/05/2018
By A. Ananthalakshmi KUALA LUMPUR (Reuters) - Malaysia will be able to meet its budget deficit target for 2018 even though the scrapping of a goods and services tax will blow a $5 billion hole in the government's wallet, the country's finance minister said on Thursday. Lim Guan Eng said that the 21 billion ringgit ($5.3 billion) in lost revenue from the tax due to be axed on Friday would be offset by rising oil-related revenues, spending cuts on non-essential projects, increased dividends from govt-linked firms and a new sales tax expected to be introduced in September. [ 228 more words ]
https://m.today/malaysia-vows-to-meet/
Malaysia vows to meet deficit target, plug $5 billion tax hole By A. Ananthalakshmi KUALA LUMPUR (Reuters) – Malaysia will be able to meet its budget deficit target for 2018 even though the scrapping of a goods and services tax will blow a $5 billion hol…
31/05/2018
By Harriet McLeod NORTH CHARLESTON, S.C. (Reuters) - A small group of workers at Boeing Co's South Carolina jetliner factory is voting on Thursday on whether to form a "micro union," despite efforts by Boeing to challenge the election.The National Labor Relations Board said last week that 178 Boeing flight-line readiness technicians and technician inspectors could lawfully take a vote on whether to join the International Association of Machinists and Aerospace Workers, and set the election for Thursday.In a motion filed last week to the labor regulators, Boeing called the proposed bargaining unit "an artificially gerrymandered sub-set of employees." Boeing asked them either to stay the election or impound the ballots pending a decision on whether the small bargaining unit is lawful.On Wednesday, the NLRB denied Boeing's request, according to a copy of the board's order sent to union organizers. [ 291 more words ]
https://m.today/workers-to-vote-on/
Workers to vote on ‘micro union’ at Boeing South Carolina plant By Harriet McLeod NORTH CHARLESTON, S.C. (Reuters) – A small group of workers at Boeing Co’s South Carolina jetliner factory is voting on Thursday on whether to form a “micro unio…
31/05/2018
LONDON (Reuters) - State Street Global Advisors, the fund arm of State Street Corporation , on Thursday called for a review of the way European company directors are elected, with many staying on boards for too long. SSGA said in a statement that the annual election of corporate directors was "key to effective governance", as it gave investors the ability to hold directors to account for poor performance. [ 103 more words ]
https://m.today/?p=9520
31/05/2018
BERLIN (Reuters) - China wants Germany to look positively at its investments in German companies and in return they can expect greater access to the Chinese market, a senior Chinese official said on Thursday. "China will continue to open its market," the Chinese government's top diplomat, State Councillor Wang Yi, said during a news conference with German Foreign Minister Heiko Maas. [ 34 more words ]
https://m.today/china-says-hopes-germany/
China says hopes Germany will view Chinese investments positively BERLIN (Reuters) – China wants Germany to look positively at its investments in German companies and in return they can expect greater access to the Chinese market, a senior Chinese official …
31/05/2018
By Dasha Afanasieva and Clara Denina LONDON (Reuters) - The aluminum empire of Russian magnate Oleg Deripaska is in close contact with the U.S. Treasury, but needs until mid-summer to come up with a plan to meet U.S. requirements to escape sanctions, the chairman of its holding company told Reuters. The U.S. Treasury in April imposed sanctions against billionaire Deripaska and the eight companies in which he is a large shareholder, including giant aluminum exporter Rusal, in response to what it called "malign activities" by Russia. [ 288 more words ]
https://m.today/exclusive-russias-deripaska-empire/
Exclusive: Russia’s Deripaska empire bets on mid-summer plan to escape U.S. sanctions By Dasha Afanasieva and Clara Denina LONDON (Reuters) – The aluminum empire of Russian magnate Oleg Deripaska is in close contact with the U.S. Treasury, but needs until mid-summer to come up…
31/05/2018
HELSINKI (Reuters) - Nokia said on Thursday it had sold its small digital health business, including activity trackers and smartwatches, and said the head of its Technologies unit would step down. The business was sold to Eric Carreel, co-founder and former chairman of the digital health business, for an undisclosed price. Nokia had announced the plan earlier this month. Gregory Lee, the head of Nokia's Technologies unit and former Samsung executive, will leave the company following the deal after less than a year in the job, Nokia said. (Reporting by Jussi Rosendahl; Editing by Edmund Blair)
https://m.today/nokia-sells-digital-health/
Nokia sells digital health venture, executive to leave HELSINKI (Reuters) – Nokia said on Thursday it had sold its small digital health business, including activity trackers and smartwatches, and said the head of its Technologies unit would step …
31/05/2018
By Sue-Lin Wong SHENZHEN, China (Reuters) - Chinese smartphone maker Xiaomi , lining up for a $10 billion IPO, held a rock concert-style launch on Thursday to unveil its latest flagship smartphone and a virtual reality headset developed with Facebook Inc's Oculus. The smartphone and connected device maker is looking to rev up excitement levels with its fans - and potential investors - ahead of the Hong Kong listing that could come as soon as June, as it looks to justify a sky-high expected valuation. [ 401 more words ]
https://m.today/xiaomi-bound-for-ipo/
Xiaomi, bound for IPO, woos fans (and investors) at glitzy launch By Sue-Lin Wong SHENZHEN, China (Reuters) – Chinese smartphone maker Xiaomi [IPO-XMGP.HK], lining up for a $10 billion IPO, held a rock concert-style launch on Thursday to unveil its latest f…
31/05/2018
(Reuters) - Jazz Janewattananond admits to having almost no experience of playing links golf ahead of his British Open debut this year but the 22-year-old Thai is thriving to get as much information about how to combat the unique demands of such courses. Jazz finished tied for fourth at the Singapore Open earlier this year to earn one of four places on offer from the tournament for the 147th Open, which is being held at Carnoustie, Scotland from July 19-22. [ 183 more words ]
https://m.today/?p=9494
31/05/2018
When the Cleveland Cavaliers hit their low point this season, even their superstar began to wonder about their chances of recovering. Now, with the Cavaliers set to open play in the NBA Finals on Thursday, LeBron James opened up about his midseason doubts. Referencing a stretch in December and January during which Cleveland went 3-9, James told ESPN's Rachel Nichols on Wednesday, "It was at points where, 'OK, will the Cavs even make the playoffs?' And I was like, 'OK, I am not settling for that conversation -- now that is just ridiculous. [ 519 more words ]
https://m.today/cavs-lebron-james-opens/
Cavs’ Lebron James opens up about midseason doubts When the Cleveland Cavaliers hit their low point this season, even their superstar began to wonder about their chances of recovering. Now, with the Cavaliers set to open play in the NBA Finals on T…
31/05/2018
ZURICH (Reuters) - The Court of Arbitration for Sport (CAS) will not contest the appeal and urgent request for a stay filed with a Swiss court by banned Peruvian forward Paolo Guerrero as he fights to play in the World Cup, the tribunal said on Thursday. "The CAS will not object to the request for a stay," it said in a statement. [ 185 more words ]
https://m.today/soccer-cas-wont-fight/
Soccer: CAS won’t fight Peru’s Guerrero appeal against ban ZURICH (Reuters) – The Court of Arbitration for Sport (CAS) will not contest the appeal and urgent request for a stay filed with a Swiss court by banned Peruvian forward Paolo Guerrero as he …
31/05/2018
By Dhara Ranasinghe and Abhinav Ramnarayan LONDON (Reuters) - Italy's borrowing costs fell sharply for a second day on Thursday, as news that one of Japan's largest institutional investors is looking to buy short-dated Italian debt helped stabilize a market battered by a political crisis in Rome. Japan Post Insurance Co's chief investment officer told Reuters the firm, also known as Kampo, is looking to buy short-term Italian government bonds after the recent sell-off made them inexpensive. [ 522 more words ]
https://m.today/italys-bond-market-bounces/
Italy’s bond market bounces back, gets thumbs-up from big Japanese investor By Dhara Ranasinghe and Abhinav Ramnarayan LONDON (Reuters) – Italy’s borrowing costs fell sharply for a second day on Thursday, as news that one of Japan’s largest institutional …
31/05/2018
By John Miller ZURICH (Reuters) - Switzerland's economy grew robustly in the first quarter as a weaker franc supported exports and global sporting events helped fill the coffers of the Swiss-based International Olympic Committee (IOC) and soccer body FIFA. Gross domestic product (GDP) expanded 0.6 percent from the previous quarter and 2.2 percent year on year, data from the Swiss Secretariat for Economic Affairs (SECO) showed on Thursday. [ 290 more words ]
https://m.today/olympics-world-cup-windfall/
Olympics, World Cup windfall add kick to Swiss economy By John Miller ZURICH (Reuters) – Switzerland’s economy grew robustly in the first quarter as a weaker franc supported exports and global sporting events helped fill the coffers of the …
31/05/2018
South Carolina's Brian Bowen will remain in the NBA draft after being deemed ineligible to play next season at a minimum by the NCAA on Wednesday. Bowen's punishment stems from FBI allegations that his father took money from Adidas while Bowen was at Louisville. He transferred to South Carolina prior to the start of the second semester of his first year and hoped to gain eligibility for next season. [ 1,221 more word ]
https://m.today/draft-decision-notebook-ineligible-bowen-2/
Draft-decision notebook: Ineligible Bowen heads to NBA after FBI allegations South Carolina’s Brian Bowen will remain in the NBA draft after being deemed ineligible to play next season at a minimum by the NCAA on Wednesday. Bowen’s punishment stems from FBI alle…
31/05/2018
Tampa Bay Rays veteran outfielder Carlos Gomez believes Major League Baseball's drug testing is far from random, instead targeting older Latino players. Gomez initially made such a comment on a Yahoo Sports podcast two weeks ago after Seattle Mariners second baseman Robinson Cano was suspended 80 games for violating MLB's drug policy. Gomez sought out a Tampa Bay Times reporter Tuesday to double down on his beliefs, the newspaper noted. [ 360 more words ]
https://m.today/rays-veteran-outfielder-gomez/
Rays’ veteran outfielder Gomez says MLB drug testing isn’t random Tampa Bay Rays veteran outfielder Carlos Gomez believes Major League Baseball’s drug testing is far from random, instead targeting older Latino players. Gomez initially made such a comment on…
31/05/2018
By Chris Taylor NEW YORK (Reuters) - The growing number of apprenticeships in the U.S. has more to do with European companies importing the practice into their American operations than with the long-running NBC television reality show and its former host who now lives in the White House. Traditional apprenticeships are more than summer internships familiar to Americans, and involve a significant service period of a year or two, plus training, often for a community college degree. [ 617 more words ]
https://m.today/the-rise-of-the/
The rise of the apprentice: a European tradition comes to the U.S By Chris Taylor NEW YORK (Reuters) – The growing number of apprenticeships in the U.S. has more to do with European companies importing the practice into their American operations than with t…
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