Business

Monte dei Paschi shares to resume trading after 10-month halt

MILAN (Reuters) - Monte dei Paschi di Siena shares will resume trading on Wednesday, after a failed attempt by Italy's fourth-largest bank to raise capital triggered a 10-month suspension.

Business

Microsoft to drop lawsuit after U.S. government revises data request rules

(Reuters) - Microsoft Corp said it will drop a lawsuit against the U.S. government after the Department of Justice (DOJ) changed data request rules on alerting internet users about agencies accessing their information.

Business

Heineken bets on motor racing for Asian payout

MONZA, Italy (Reuters) - Heineken is betting on Formula One to help it reclaim the title of leading global lager from Budweiser, a strategy that depends on broadening the sport's appeal in Asia and persuading fans to pay more for their beer.

Business

U.S. law firm files class suit against Rio Tinto over Mozambique coal

SYDNEY (Reuters) - A U.S. law firm has filed a class action suit against mining giant Rio Tinto, which is facing U.S. Securities and Exchange Commission (SEC) fraud charges stemming from an ill-fated investment in Mozambique coal mining.

Business

Kobe Steel plant under inspection: transport minister

TOKYO (Reuters) - One of the Kobe Steel Ltd plants at the heart of a product data cheating scandal is under inspection, Japan's transport minister said on Tuesday.

Business

Asian shares hover near recent highs; China Congress eyed

SYDNEY (Reuters) - Asian shares held within striking distance of recent decade highs on Tuesday even as Wall Street fell from record levels, while currencies kept to narrow ranges ahead of key economic events.

Business

Exclusive: Hedge fund Baupost snaps up claims against Toshiba - sources

(Reuters) - Hedge fund The Baupost Group LLC has acquired the biggest chunk of a $2.2 billion claim that two South Carolina utilities had against Toshiba Corp following the bankruptcy of its nuclear power subsidiary, people familiar with the matter said

Business

Kobe Steel plant is under inspection by Japan ministry: Kyodo

TOKYO (Reuters) - One of the Kobe Steel Ltd plants at the heart of a product data cheating scandal is being inspected by Japan's transport ministry, Kyodo News reported on Tuesday.

Business

U.S. companies act on climate despite Trump: survey

OSLO (Reuters) - U.S. companies are still among the most ambitious in setting targets to combat global warming despite President Donald Trump's plans to quit the 195-nation Paris climate agreement, a 2017 survey showed on Tuesday.

Business

U.S. SEC to require greater transparency around company audits

WASHINGTON (Reuters) - The Securities and Exchange Commission will now require companies participating in audits to disclose remarks and inquiries made by independent auditors, the main U.S. financial regulator said on Monday.

Business

Boeing signs $13.8 billion deal with Singapore Airlines

WASHINGTON (Reuters) - Boeing Co on Monday signed a previously announced deal with Singapore Airlines Ltd to sell it 39 aircraft worth $13.8 billion at list prices during a White House event with Singapore's prime minister.

Business

U.S. regulators approve fix for VW 3.0-liter diesel SUVs: letter

WASHINGTON (Reuters) - U.S. and California regulators have approved a fix for about 38,000 Volkswagen AG 3.0-liter diesel sport utility vehicles with potential excess emissions, a decision that could save the automaker more than $1 billion, according to

Business

Daimler, VW raided by EU staff in widening cartel searches

HAMBURG/BERLIN (Reuters) - European Union antitrust officials widened an investigation of alleged collusion between Germany's top carmakers on Monday, with both Daimler and Volkswagen becoming the latest targets of the inspections.

Business

T-Mobile quarterly profit tops estimates as subscribers grow

NEW YORK (Reuters) - T-Mobile US Inc's quarterly profit topped Wall Street analyst estimates and the No. 3 U.S. wireless carrier raised the lower end of its expected range of customer additions for the year but didn't elaborate on a potential deal with r

Business

Halliburton profit tops estimates on strong North America demand

(Reuters) - Oilfield services provider Halliburton Co on Monday reported a third-quarter profit that topped analysts' estimates, driven by better pricing and increased activity in North America, its biggest market.

Business

AT&T extends deadline to close Time Warner deal

(Reuters) - AT&T Inc said on Monday it had extended by a "short period" the deadline to close its proposed deal to acquire Time Warner Inc , to buy time to get the required regulatory approvals for the deal.

Business

Futures higher after Abe election victory

(Reuters) - U.S. stock index futures pointed to a higher open for Wall Street on Monday, tracking gains for other major stock markets after Japanese Prime Minister Shinzo Abe's election victory.

Business

BlackRock opposes banning companies from indexes over voting rights

NEW YORK (Reuters) - BlackRock Inc , the world's largest asset manager, is lambasting the architects of market indexes like the S&P 500 for ostracizing companies that deny equal voting rights to shareholders, saying that doing so could limit the opportun

Business

Japan's Kobe Steel considering withdrawing its full year earnings forecast: Kyodo

TOKYO (Reuters) - Kobe Steel Ltd is considering withdrawing its earnings forecast for this fiscal year as it struggles to quantify the impact of its data falsification scandal, Kyodo reported on Monday.

Business

Boeing, Mitsubishi Heavy reach deal to cut costs of 787 wing production

(Reuters) - Boeing Co and Japan's Mitsubishi Heavy Industries Ltd (MHI) said on Monday they had agreed on steps to reduce the cost of producing the wings of the 787 Dreamliner.

Business

Target gears up for holidays with free shipping and gifts under $15

NEW YORK (Reuters) - Target Corp said on Monday it would start free shipping beginning in November and that most of its holiday assortment had been priced at under $15, as the retailer gets ready to take on Amazon.com and Wal-Mart in the most crucial shop

Business

Big money stays away from booming bitcoin

LONDON (Reuters) - Bitcoin is booming, digital currency hedge funds are sprouting at the rate of two a week and the value of all cryptocurrencies has surged tenfold this year to more than $170 billion.

Business

U.S. Midwest oil refiners boost output, cut region's dependence on Gulf Coast

NEW YORK (Reuters) - U.S. refineries from Ohio to Minnesota are capitalizing on access to cheap crude from Western Canada and North Dakota oilfields, helping their region break a historic dependence on fuel from the Gulf Coast while redrawing oil trade ma

Business

Noble Group to sell oil liquids business to Vitol for $580 million

SINGAPORE (Reuters) - Struggling Noble Group agreed to sell its Americas-focused oil liquids business to Vitol for about $580 million, as part of its strategy to shrink its businesses to cut debt.

Business

Yen at three-month lows on Abe win, euro struggles with Spain

SYDNEY (Reuters) - Japan's yen hit three-month lows on Monday as an election win for the government gave a green light for super-easy monetary policy, while the euro eased as Spain's constitutional crisis aggravated concerns about political unity in the b

Business

Sexual harassment allegations spark review, meeting at Fidelity: WSJ

NEW YORK (Reuters) - Fidelity Investments has hired a consulting firm to review employee behavior amid allegations of sexual harassment at the U.S. money manager stretching back years, the Wall Street Journal reported on Sunday.

Business

Airbus turmoil overshadows bid to rescue CSeries

PARIS (Reuters) - Airbus's coup in buying a $6 billion Canadian jetliner project for a dollar stunned investors and took the spotlight off a growing ethics row last week, but internal disarray has raised questions over how smoothly it can implement the d

Business

Toyota to halt operations at all Japan plants as typhoon precaution

TOKYO (Reuters) - Toyota Motor Corp will suspend operations at all of its assembly plants in Japan, including those of its subsidiaries, from Monday morning as a precautionary measure as a powerful typhoon approaches Japan's mainland, a spokesman said.

Business

Henkel may make U.S. acquisitions: CEO in newspaper

FRANKFURT (Reuters) - German consumer goods group Henkel may further expand its business in the United States via acquisitions, Chief Executive Hans van Bylen told Welt am Sonntag in an interview.

Business

China says will guide private capital into higher growth areas

BEIJING (Reuters) - China will introduce measures aimed at guiding private investment into areas that have a higher growth potential, a senior official with the state planning agency said on Saturday.

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