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Tuesday, November 7, 2017

World stocks break 500 barrier, oil camps at two-and-a-half year high

LONDON (Reuters) - The global rally in stocks showed no sign of slowing on Tuesday, as upbeat investors pushed the most widely-tracked index of world stocks up for a ninth straight day and it sailed past the 500-point barrier.

Ackman's Pershing Square loses ADP challenge: sources

(Reuters) - William Ackman's activist hedge fund Pershing Square lost its bid on Tuesday to win seats on the board of Automatic Data Processing Inc , according to sources that have seen a preliminary shareholder voting tally.

China plans easing foreign holding, partner choice for securities ventures: sources

HONG KONG (Reuters) - China plans to allow global banks to take a stake of up to 51 percent in their onshore securities ventures for the first time and tie up with local non-financial firms, people familiar with the matter said.

Exclusive: General Electric explores options for aircraft leasing unit - sources

SINGAPORE/NEW YORK (Reuters) - General Electric Co is weighing options for its aircraft leasing operations, including the sale of all or part of the business, as Chief Executive John Flannery searches for new divestitures, according to people familiar with the matter.

One-year since Trump's win, U.S. funds enjoy strong growth

LONDON (Reuters) - Assets managed by U.S.-based funds have grown substantially, led by equity funds, since Donald Trump won the U.S. presidential elections a year ago.

U.S. investors target 'buyback stocks' in bet on Trump tax plan

NEW YORK (Reuters) - Rather than waiting to see how the Republican tax bill will fare in Congress, some investors are already picking out gingerly technology, healthcare and consumer companies they expect to use potential tax savings to buy back more of their own stock.

Sky falls as report of Disney-Fox talks increase deal uncertainty

LONDON (Reuters) - A report that Rupert Murdoch held talks about selling film and television assets to Walt Disney Co added another layer of uncertainty to his $14.5 billion bid to buy all of Britain's Sky .

Uber bullish on Africa despite opposition from local taxi firms

CAPE TOWN (Reuters) - Ride-hailing service Uber Technologies Inc. [UBER.UL] is growing rapidly in sub-Saharan Africa and considering moves into more markets, despite sometimes violent opposition from metered taxi drivers, a senior executive said on Tuesday.

Tesla buys automation equipment maker Perbix

(Reuters) - Electric car maker Tesla Inc said on Tuesday it agreed to buy privately held Perbix Machine Co Inc, which designs automated manufacturing equipment.

Uber, rival apps join forces in Brazil to stem tide of regulation

BRASILIA (Reuters) - Uber Technologies Inc [UBER.UL] has formed an unprecedented alliance in Brazil with other ride-hailing services, including its main local rival 99, to win public support to block regulation threatening the way they do business in a booming market.