Reuters - Business Today

Click to View in Browser

Thursday, October 5, 2017

Global stock market party settles down for central bank reflection

LONDON (Reuters) - Global stocks came off record highs and the euro fell back toward seven-week lows on Thursday as minutes from the European Central Bank's last meeting showed policymakers had widespread concerns about the single currency's rapid rise.

Wall Street moves to Frankfurt as Brexit doubts grow

LONDON/FRANKFURT (Reuters) - Some of the globe's biggest banks have decided to rent more office space in Frankfurt, bolstering Germany's financial hub after months of divorce talks between Britain and the EU have left London's future more uncertain than ever.

Wall Street rally on pause, but more gains seen in 2018: Reuters poll

NEW YORK (Reuters) - A more than eight-year bull market on Wall Street will simmer for the rest of 2017 before picking up again next year, said strategists in a Reuters poll who were optimistic about corporate profits but concerned about slow tax reform progress.

Saudi Aramco IPO on track for 2018: officials

MOSCOW (Reuters) - A plan to list Saudi Aramco in 2018 is on track, senior Saudi officials said in Moscow on Thursday, as Saudi Arabia gears up to sign a string of investment agreements with Russia.

Bain Capital aims to list Toshiba chip unit in three years

TOKYO (Reuters) - U.S. private equity firm Bain Capital LP on Thursday said it aims to list Toshiba Corp's chip unit on the Tokyo Stock Exchange within three years, to cash in its investment after leading an $18 billion acquisition of the business.

Exclusive: Airbus defense unit freezes capex, may miss cash goals - memo

PARIS (Reuters) - Airbus Defence and Space has frozen capital spending and urged its 34,000 staff to take "drastic measures" to save cash as it faces the prospect of missing 2017 cash targets by hundreds of millions of euros, according to a memo seen by Reuters.

KPMG South Africa CEO promises reform after Gupta scandal

CAPE TOWN (Reuters) - KPMG's new chief executive in South Africa said on Thursday she would make sweeping changes to ensure the firm did not repeat "greatly disappointing" work it did for business friends of President Jacob Zuma.

Linde urges investors to exchange shares for Praxair merger

(Reuters) - German industrial gases group Linde urged investors to tender their shares in an exchange offer for its planned $80 billion merger with U.S. peer Praxair as a deadline approaches to reach 75 percent acceptance.

Nissan's premium brand Infiniti global sales up 8 percent in September

BEIJING (Reuters) - Nissan Motor Co's premium brand Infiniti sold 21,523 vehicles globally in September, up 8 percent from a year earlier and pushing the brand's worldwide sales in the first nine months of this year to 182,884 vehicles, up 11 percent.

Hilton to add 100 hotels to its chain in Africa over five years

NAIROBI (Reuters) - Hilton Worldwide plans to spend $50 million over the next five years to add 100 hotels to its chain in Africa, it said on Thursday, joining other chains keen to tap growing business and international travel on the continent.