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Tuesday, November 14, 2017

German growth surprise lifts Europe as China subdues Asia

LONDON (Reuters) - Strong German economic growth data drove the euro to a three-week high on Tuesday and gave European stocks a lift after five days of falls put them at a two-month low.

SoftBank says considering investment in Uber but no final agreement reached

TOKYO (Reuters) - Japan's SoftBank Group Corp said on Tuesday it was considering investing in Uber Technologies Inc but there was no final agreement at this stage.

Shrinking GE rattles investors, shares hit 5-year low

(Reuters) - General Electric Co's new Chief Executive John Flannery on Monday outlined steps that will turn the biggest U.S. industrial conglomerate into a smaller, more focused company, surprising some investors who sold the company's shares to a five-year low.

China's foreign ownership cap change may stir interest in smaller banks: Fitch

BEIJING (Reuters) - Beijing's landmark move to ease or remove limits on foreign ownership in China's financial sector will likely stoke acquisition interest in smaller banks, Fitch Ratings said.

Fed chief says policy guidance beneficial but must be conditional

FRANKFURT (Reuters) - The U.S. Federal Reserve's guidance about its likely future policy path is beneficial but should always be viewed as conditional on how the economy actually develops, Fed Chair Janet Yellen said on Tuesday.

Silicon Valley blasts Senate proposal to tax startup options

SAN FRANCISCO (Reuters) - A proposal by the U.S. Senate to change the way shares in startup companies are taxed incited panic and dread in Silicon Valley on Monday, with startup founders and investors warning of nothing less than the demise of their industry should the proposal become law.

Tesla hit by class-action lawsuit claiming racial discrimination

(Reuters) - U.S. automaker Tesla Inc on Monday was hit with a class-action lawsuit claiming its California production plant is a "hotbed for racist behavior."

Home Depot profit beats as hurricanes spur demand

(Reuters) - Home Depot Inc , the largest U.S. home improvement chain, beat analysts' third-quarter sales and profit estimates on Tuesday, as hurricanes Harvey and Irma boosted demand for storm-related emergency products and rebuilding materials.

Tesco wins UK regulator's provisional approval for Booker takeover

LONDON (Reuters) - Tesco won provisional approval for its 3.7 billion pound ($4.9 billion) takeover of wholesaler Booker from the UK competition regulator on Tuesday, moving Britain's biggest retailer closer to securing a new avenue of growth.

Kuwait airline in draft deal for 25 Airbus A320neo jets

DUBAI (Reuters) - Airbus said on Tuesday it had signed a preliminary agreement to sell 25 A320neo aircraft to Golden Falcon Aviation, the exclusive aircraft supplier to Wataniya Airways of Kuwait.