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Friday, November 10, 2017

Global stocks dip on U.S. tax doubts

LONDON (Reuters) - World stocks edged lower on Friday on signs that U.S. tax reforms could be delayed after Senate Republicans offered a plan that differed significantly from the House of Representatives' version.

China widens foreign access to its giant financial sector

BEIJING (Reuters) - China will raise foreign ownership limits in financial firms in a step granting access to a tantalizing multi-trillion dollar financial services market, as the world's second-biggest economy seeks to position itself as a major global finance hub.

Uber loses UK appeal bid to overturn workers' rights decision

LONDON (Reuters) - Taxi app Uber [UBER.UL] lost a bid on Friday to overturn a decision by a tribunal which had said its drivers deserved workers' rights such as the minimum wage, in a blow to the company as it also battles to keep its license in London.

Bitcoin slides by over $1000 in less than 48 hours

LONDON (Reuters) - Bitcoin dropped below $7,000 on Friday to trade more than 5 percent down on the day, having fallen by well over $1,000 since hitting an all-time high on Wednesday.

Nvidia set to open at record on soaring Volta chip demand

(Reuters) - Shares of Nvidia Corp are set to open at a record on Friday, after it posted stellar quarterly results powered by higher demand for graphics chips used in gaming and data centers, and the rapid adoption of its new Volta chips for AI and driverless cars.

J.C. Penney same-store sales rose double what Wall Street expected

(Reuters) - Department store chain J.C. Penney Co Inc reported an increase in third-quarter same-store sales that was twice what analysts expected, sending its shares up 15 percent in premarket trading on Friday.

New 'Star Wars' trilogy raises hopes after Disney results miss target

(Reuters) - The force of "Star Wars" lifted Walt Disney Co shares on Thursday as the promise of a new film trilogy overshadowed disappointing quarterly results and struggles at the media company's television business.

Exclusive: Carlyle explores sale or IPO of Ortho-Clinical Diagnostics - sources

(Reuters) - Private equity firm Carlyle Group LP is exploring a sale or initial public offering of Ortho-Clinical Diagnostics Inc, a U.S. diagnostics company that could be valued at more than $7 billion, including debt, people familiar with the matter said.

Kobe Steel blames data scandal on focus on profit, lack of controls

TOKYO (Reuters) - Kobe Steel Ltd said on Friday a lack of quality controls and a focus on profits was behind the widespread data tampering that has shaken up the supply chains of car and plane makers around the world.

Ministerial meeting on Airbus A400M delayed until February: sources

BERLIN (Reuters) - NATO buyer nations for the European A400M military transport plane have postponed a ministerial meeting on the troubled program for three months until February, said two sources familiar with the 20 billion euro project.