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Monday, January 8, 2018

World stock rally rolls on with best start in eight years

LONDON (Reuters) - World stock markets hovered close to all-time highs on Monday as the best start to a year in eight years showed little sign of running out of steam, with the combination of strong global growth and low inflation powering the appetite for risk.

U.S. bank gains from tax law start with red ink

NEW YORK (Reuters) - U.S. bank executives and investors expect a long-term boost from the new federal tax code, but the biggest lenders will first need to book multi-billion-dollar charges that will muddle fourth-quarter results.

Oil approaches 2015 highs on fewer U.S. rigs, OPEC

SINGAPORE/LONDON (Reuters) - Oil prices rose on Monday, coming close to new three-year highs on a slight decline in the number of U.S. rigs drilling for new production and sustained OPEC output cuts.

Futures flat; Caterpillar set for a record open

(Reuters) - U.S. stock futures pointed to a flat open for Wall Street on Monday, with gains in heavyweights Caterpillar and Amazon due to favorable broker recommendations offset by losses for banking stocks.

Rival airlines Emirates, Etihad step closer with security pact

DUBAI (Reuters) - Emirates [EMIRA.UL] and Etihad Airways signed a security pact on Monday to share information and intelligence, the first agreement between the two rival airlines based in the United Arab Emirates (UAE).

Ford to launch diesel truck to grab fuel economy edge

DETROIT (Reuters) - Ford Motor Co plans this spring to offer a diesel engine version of its best-selling F-150 pickup truck, looking to gain a marketing edge as its main rivals ramp up more efficient pickups of their own.

Lululemon says holiday season sales better than it expected

(Reuters) - Lululemon Athletica Inc said on Monday the holiday shopping season was even better that it had expected and raised its profit and revenue forecasts for the fourth quarter, sending the Canadian yoga and leisure apparel maker's shares up.

Starbucks wins dismissal in U.S. of underfilled latte lawsuit

(Reuters) - Starbucks Corp has won the dismissal of a U.S. lawsuit accusing the coffee chain of overcharging customers by underfilling lattes and mochas to reduce milk costs.

China's FAW Car buys 10 percent stake in Mobike's new car-sharing unit

BEIJING (Reuters) - FAW Car Co Ltd said on Sunday it was taking a 10 percent stake in Chinese bicycle-sharing startup Mobike's new car-sharing unit Mobike Chuxing Technology Co.

VW U.S. sales chief quits amid falling deliveries

BERLIN (Reuters) - A senior U.S. sales manager has quit Volkswagen's North America operations just as the carmaker's deliveries in the world's second-largest auto market fall steeply.