Reuters - Business Today

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Wednesday, January 10, 2018

Bond yields hit multi-month highs on report China may slow U.S. bond purchases

LONDON (Reuters) - Major government bond yields hit multi-month highs on Wednesday, extending earlier gains on a report that Chinese officials have recommended slowing or halting purchases of U.S. government bonds.

Exclusive: Saudi Aramco working to raise cheap loans before IPO - banking sources

DUBAI (Reuters) - Saudi Aramco is working to secure billions of dollars in cheap loans from banks seeking to strengthen their ties with the oil giant before its stock listing, banking and export credit agency (ECA) sources said.

Microsoft says security patches slowing down PCs, servers

(Reuters) - Microsoft Corp said on Tuesday that software patches released to guard against microchip security threats slowed down some personal computers and servers, with systems running on older Intel Corp processors seeing a noticeable decrease in performance.

Senator wants Apple to answer questions on slowing iPhones

WASHINGTON (Reuters) - The chairman of a U.S. Senate committee overseeing business issues asked Apple Inc to answer questions about its disclosure that it slowed older iPhones with flagging batteries, according to a letter seen by Reuters on Wednesday.

Wall Street set to open lower on China report

(Reuters) - Wall Street was set to open sharply lower on Wednesday as investors were spooked by a report that China is considering slowing or halting purchases of U.S. government debt.

U.S. import prices post smallest gain in five months

WASHINGTON (Reuters) - U.S. import prices recorded their smallest increase in five months in December and underlying imported price pressures were muted amid declining costs for food and consumer goods.

Berkshire promotes potential Buffett successors Abel, Jain

(Reuters) - Berkshire Hathaway Inc on Wednesday promoted two of its top executives, Gregory Abel and Ajit Jain, cementing their widely viewed status as potential successors to Warren Buffett as the conglomerate's chief executive.

Morgan Stanley cuts exposure to U.S. equities in favor of Europe

LONDON (Reuters) - Morgan Stanley cut its exposure to U.S. equities and increased its weighting in European equities on Wednesday, saying the U.S. stocks' strong recent rally made it unlikely they could continue to outperform this year.

Oil prices hit fresh highs, but worries grow of overheated market

LONDON (Reuters) - Crude oil prices hit new multi-year highs on Wednesday as OPEC-led production cuts and healthy demand helped to balance the market, but analysts warned of possible overheating.

Airbus-China contract for 184 A320 jets to be finalized soon: France's Macron

BEIJING (Reuters) - French President Emmanuel Macron said a contract with China for 184 Airbus A320 narrow-body jets would be finalized soon and that his country also had ambitions to sell A350 and A380 planes to China in coming weeks or months.