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Friday, August 18, 2017

Investors flee stocks for bonds, gold as U.S. tax cut hopes fade

LONDON (Reuters) - World stocks were set for a second day of losses on Friday after an exodus of U.S. executives from presidential business councils dealt a fresh blow to hopes of tax reform, hammering Wall Street and filtering through to Asia and Europe.

Former Uber CEO says investor lawsuit a 'public and personal attack'

SAN FRANCISCO (Reuters) - The ousted chief executive of Uber Technologies Inc [UBER.UL] rejected a lawsuit filed against him by one of the company's top investors as a "public and personal attack" without merit, according to court documents filed late on Thursday.

Exclusive: India threatens Philip Morris with 'punitive action' over alleged violations

NEW DELHI (Reuters) - The Indian government has threatened Philip Morris International Inc with "punitive action" over the tobacco giant's alleged violation of the country's anti-smoking laws, according to a letter sent to the company by the federal health ministry.

Ukraine central bank warns of new cyber-attack risk

KIEV (Reuters) - The Ukrainian central bank said on Friday it had warned state-owned and private lenders of the appearance of new malware as security services said Ukraine faced cyber attacks like those that knocked out global systems in June.

Top fund investors pumped brakes on fast-rising Tesla: filings

BOSTON (Reuters) - Top Tesla Inc investors Fidelity Investments and T. Rowe Price cut their holdings in the second quarter and indicated they were taking profits from the electric car maker stock, which is up 65 percent this year.

Futures flat amid growing concerns over Trump agenda

(Reuters) - U.S. stock index futures were little changed on Friday, a day after the S&P posted its biggest daily percentage loss in about three months, on mounting worries about President Donald Trump's ability to legislate his pro-growth agenda.

Wisconsin bill giving $3 billion incentives to Foxconn advances

(Reuters) - Wisconsin's Republican-controlled state Assembly voted 59-30 on Thursday to approve a bill that paves the way for a $3 billion incentives package for a proposed liquid-crystal display plant by Taiwan's Foxconn.

Australia puts multinationals on notice after Chevron drops tax appeal

MELBOURNE (Reuters) - Chevron Corp has withdrawn an appeal to Australia's High Court over a disputed A$340 million ($268 million) tax bill, leaving in place a landmark court ruling on related-party loans that could affect other multinational companies.

Swiss road agency bans new Porsche Cayenne registrations

ZURICH (Reuters) - Switzerland's road agency on Friday imposed a preliminary ban on new registrations of Porsche Cayenne cars equipped with manipulated diesel engine management software.

Auto groups side with Canada, Mexico on NAFTA origin rules

WASHINGTON (Reuters) - Auto industry groups from Canada, Mexico and the United States are pushing back against the Trump administration's demand for higher U.S. automotive content in a modernized North American Free Trade Agreement.