Reuters Daily Investor Update: March 16, 2017

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Thursday, March 16, 2017

Fed rate moves could spell end to Asian easing

SINGAPORE (Reuters) - The long cycle of falling interest rates in Asia could be over after the U.S. Federal Reserve's third rate rise in 15 months was followed quickly by monetary tightening in the world's second-biggest economy, China.

U.S. coal miner Peabody strikes deals in push for bankruptcy exit

ST. LOUIS (Reuters) - Peabody Energy Corp, the world's largest private sector coal miner, struck a series of last-minute deals with some opponents of its plan to exit an $8 billion Chapter 11 bankruptcy, lawyers said in court on Thursday.

Dollar General looks to fortify strong sales growth with pay hikes

(Reuters) - U.S. discount retailer Dollar General Corp reported better-than-expected quarterly sales and said it would raise wages for store managers, replicating similar moves by larger retailers such as Wal-Mart .

Wall Street edges down as healthcare stocks hit by budget plan

(Reuters) - U.S. stocks slipped on Thursday pressured by healthcare shares after proposals in President Donald Trump's budget signaled higher regulatory costs for the sector and a cut in federal funding for medical research.

Exclusive: Venezuela's cash-strapped PDVSA offers Rosneft oil stake - sources

CARACAS/HOUSTON (Reuters) - Venezuelan state oil company PDVSA has offered Russian counterpart Rosneft a stake in a joint venture in the country's Orinoco Belt extra-heavy crude area, five industry sources said, in a sign of the Latin American nation's dire economic situation and Moscow's growing muscle there.

Fed raises rates as job gains, firming inflation stoke confidence

WASHINGTON (Reuters) - The U.S. Federal Reserve raised interest rates on Wednesday for the second time in three months, a move spurred by steady economic growth, strong job gains and confidence that inflation is rising to the central bank's target.

U.S. judge orders Volkswagen executive held until emissions case trial next January

DETROIT/WASHINGTON (Reuters) - A federal judge in Detroit on Thursday ordered that a Volkswagen AG executive charged in the automaker's diesel emissions scandal be detained until his trial set for next year, agreeing with prosecutors that the German national represented a flight risk.

U.S. housing, factory data underscore economy's resilience

WASHINGTON (Reuters) - U.S. homebuilding jumped in February as unseasonably warm weather boosted the construction of single-family houses to near a 9-1/2-year high, suggesting the economy remained on solid ground despite an apparent slowdown in the first quarter.

Dollar slides, world stocks gain on Fed move, Dutch vote

NEW YORK (Reuters) - A key index of world stocks climbed to record highs while the U.S. dollar sank to a month low on Thursday as investors digested the recent U.S. interest rate increase and indications there would be no pick-up in the pace of monetary tightening.

Trump picks Boeing executive Shanahan to become Pentagon's No.2

WASHINGTON (Reuters) - Senior Boeing executive Patrick Shanahan is U.S. President Donald Trump's nominee to take over the No. 2 role at the Pentagon as deputy U.S. defense secretary, the White House announced on Thursday.

Reuters Daily Investor Update: March 16, 2017

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