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Goldman Sachs gets approval for Saudi equities trading license

DUBAI/RIYADH (Reuters) – Goldman Sachs received approval on Sunday to trade equities in Saudi Arabia, joining the growing band of western investment banks and fund managers expanding in the kingdom. Source: Reuters Business News  Read More →

Bankruptcy fight over Oncor to test Warren Buffett's discipline

(Reuters) – Warren Buffett takes pride in naming his price to buy a company, and not paying a nickel more. But the largest U.S. natural gas distribution utility, an unyielding hedge fund, and a Delaware bankruptcy judge now present one of the biggest challenges to the billionaire’s legendary discipline. Source: Reuters Business News  Read More →

Britain will not exclude possible EU oversight of UK borders after Brexit

LONDON (Reuters) – Britain will not rule out the possibility that the European Union may retain oversight of customs controls at UK borders after it leaves the bloc, as the country seeks ways to keep unhindered access to EU markets following Brexit. Source: Reuters Business News  Read More →

U.S. did not detail request for auto rules of origin at NAFTA talks: source

WASHINGTON (Reuters) – In the opening NAFTA session of talks, the United States did not give precise details of how much it wanted to boost North American content for autos, a source directly familiar with the negotiations said on Saturday. Source: Reuters Business News  Read More →

India's Infosys approves up to $2 billion buyback of shares

MUMBAI (Reuters) – India’s second-biggest IT firm Infosys said on Saturday it will buy back shares worth up to 130 billion rupees ($2 billion), a day after Vishal Sikka resigned as chief executive after a long-running feud with the company’s founders. Source: Reuters Business News  Read More →

Shift from non-GAAP bottom lines could be good for stock prices

SAN FRANCISCO (Reuters) – Investors worried about lofty stock-market valuations may take comfort in signs that companies in the benchmark S&P 500 index are padding their bottomlines less than they have in previous years. Source: Reuters Business News  Read More →

Elliott lawyer says third bidder may top Buffett's Oncor bid

(Reuters) – An unidentified utility could pay $9.3 billion to buy Texas power transmission company Oncor Electric Delivery Co, topping Berkshire Hathaway Inc’s $9 billion bid, a lawyer for the largest creditor of Oncor’s parent told a U.S. bankruptcy judge on Friday. Source: Reuters Business News  Read More →

NAFTA negotiators hone in on origin rules, dispute settlement

WASHINGTON (Reuters) – U.S., Canadian and Mexican negotiators on Friday began digging into some of the thorniest issues in modernizing the North American Free Trade Agreement, including rules of origin for goods produced in the region, services trade and a controversial dispute settlement system. Source: Reuters Business News  Read More →

Former UAW official charged in Fiat Chrysler payoff probe

(Reuters) – A former senior official at the United Auto Workers trade union was charged on Friday with conspiring with other union officials to accept improper payments from Fiat Chrysler Automobiles NV officials over a four-year period. Source: Reuters Business News  Read More →

N.Y. Fed raises U.S. third-quarter GDP growth view above two percent

NEW YORK (Reuters) – The New York Federal Reserve on Friday raised its estimate of U.S. gross domestic product growth for the third quarter above 2 percent based on this week’s data on retail sales, industrial output and regional manufacturing. Source: Reuters Business News  Read More →

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