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All well for world economy at mid-year? Up to a point

June 30, 2017 by  
Filed under News

LONDON (Reuters) – So strong is the belief in the growth momentum of the global economy as it enters the second half of 2017, the point has been reached in the economic cycle where data not meeting expectations is dismissed as an aberration.


Source: Reuters Business News

Investors see overseas equities outshining U.S.

June 30, 2017 by  
Filed under News

(Reuters) – Even though a steady stream of money has flowed out of U.S. stocks into overseas markets, investors expect European and emerging market equities to rise further, supported by expectations for economic growth and accommodative central bank policies.


Source: Reuters Business News

Buffett's company to become Bank of America's top shareholder

June 30, 2017 by  
Filed under News

(Reuters) – Warren Buffett’s company will become the biggest shareholder in Bank of America Corp , after Berkshire Hathaway Inc on Friday invoked its right to acquire 700 million shares of the second-largest U.S. bank.


Source: Reuters Business News

Wall St. ending bumpy week, solid first half on high note

June 30, 2017 by  
Filed under News

(Reuters) – Major U.S. stock indexes were poised on Friday to end a volatile week on a high note, boosted by Nike’s well-received quarterly report, with the S&P 500 set to post its best first half of the year since 2013.


Source: Reuters Business News

Big U.S. banks pack results into one day, overwhelming analysts

June 30, 2017 by  
Filed under News

(Reuters) – For the fourth straight quarter, several of the biggest U.S. banks are reporting earnings on the same day, setting up a situation that overwhelms analysts covering the industry.


Source: Reuters Business News

Nike-Amazon deal may hurt sporting goods retailers: analysts

June 30, 2017 by  
Filed under News

(Reuters) – Nike’s pilot program to sell certain products on Amazon and Instagram is a precursor to it forging a deeper relationship with online retailers, and could hit sales at sporting goods retailers such as Foot Locker Inc .


Source: Reuters Business News

Race to buy $10 billion-valued GLP narrows down to two groups: sources

June 30, 2017 by  
Filed under News

SINGAPORE/HONG KONG (Reuters) – The race to buy Global Logistic Properties narrowed to between a Chinese consortium backed by the company’s management and a rival group led by Warburg Pincus, sources said, as bidders submitted offers for the $10 billion-valued firm.


Source: Reuters Business News

Wall St. extends losses as tech selloff deepens

June 29, 2017 by  
Filed under News

(Reuters) – Wall Street extended losses in early afternoon trading on Thursday with all three major indexes on track to post their biggest one-day drop in a month as a selloff in technology stocks deepened.


Source: Reuters Business News

Blue Apron shares make bland debut

June 29, 2017 by  
Filed under News

(Reuters) – Blue Apron Holdings Inc’s shares rose as much as 10 percent in their market debut on Thursday following the meal-kit delivery company’s watered down IPO in the shadow of Amazon.com’s deal to buy Whole Foods Market .


Source: Reuters Business News

Shares of big U.S. banks jump on hefty payout plans

June 29, 2017 by  
Filed under News

(Reuters) – Shares in the biggest U.S. banks rose on Thursday after they revealed buyback and dividend plans that topped analyst expectations after the Federal Reserve approved capital proposals in its annual stress test program.


Source: Reuters Business News

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