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Switch it up this year: Buy in May, till November stay

May 26, 2017 by  
Filed under News

NEW YORK (Reuters) – “Sell in May and go away” is perhaps the oldest saw on Wall Street, but it appears there’s no shortage of U.S. mutual funds doing exactly that this year.


Source: Reuters Business News

Slim seeks to sell minority stake in tower company Telesites: sources

May 26, 2017 by  
Filed under News

(Reuters) – Billionaire Carlos Slim is looking to sell a minority stake in Telesites SAB de CV , the Mexican wireless tower company that he controls, people familiar with the matter said on Friday.


Source: Reuters Business News

In Aramco IPO pitch, Canada plays up its natural resources expertise

May 26, 2017 by  
Filed under News

TORONTO (Reuters) – The Toronto Stock Exchange’s efforts to win a slice of the massive Saudi Aramco public listing plays up the country’s deep experience in natural resources as part of a broader offer to help the kingdom with its shift away from oil dependence.


Source: Reuters Business News

Chipotle probe finds hackers stole payment card info in data breach

May 26, 2017 by  
Filed under News

(Reuters) – Chipotle Mexican Grill Inc said on Friday hackers used malware to access customers’ card data, including its number, expiration date and internal verification codes, from payment systems at some of its restaurants between March 24 and April 18.


Source: Reuters Business News

Some investors bet Brazil has further room to fall

May 26, 2017 by  
Filed under News

NEW YORK (Reuters) – Some investors are betting the worst is yet to come for Brazil’s stock market, even after a brutal selloff last week.


Source: Reuters Business News

Exclusive: China's COFCO overhauls Brazil business after accounting crisis – sources

May 26, 2017 by  
Filed under News

LONDON/SAO PAULO (Reuters) – Chinese food commodities trader COFCO [CNCOF.UL] is overhauling its operations in Brazil, including a management reshuffle, as it restructures its Nidera Sementes Ltda business following accounting irregularities reported last year, according to company documents and sources.


Source: Reuters Business News

Wall St. in holiday mode ahead of long weekend

May 26, 2017 by  
Filed under News

(Reuters) – U.S. stocks were little changed in early afternoon trading on Friday, taking a breather after six straight days of gains and ahead of a three-day holiday weekend.


Source: Reuters Business News

U.S. lawsuit accuses GM of cheating on diesel truck emissions

May 25, 2017 by  
Filed under News

(Reuters) – General Motors Co was accused in a lawsuit on Thursday of rigging hundreds of thousands of diesel trucks with devices similar to those used by Volkswagen AG , to ensure they pass emissions tests.


Source: Reuters Business News

Ballooning Chinese dollar borrowing a dilemma for index trackers

May 25, 2017 by  
Filed under News

LONDON/HONG KONG (Reuters) – Record-breaking dollar bond sales from Chinese companies are steadily increasing China’s weight in global indexes, raising concerns about overexposure among investors who track them.


Source: Reuters Business News

BlackRock to pay $1.25 billion over 20 years for New York headquarters

May 25, 2017 by  
Filed under News

NEW YORK (Reuters) – BlackRock Inc will initially pay about $60 per square foot in rent for its future headquarters in the Hudson Yards district on the far west side of midtown Manhattan, the company said in a filing on Thursday.


Source: Reuters Business News

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