europe

Shares fall, dollar dips versus yen after Trump travels curbs

By Nigel Stephenson LONDON (Reuters) – Shares fell in Europe and Asia on Monday and the dollar dipped against the yen after immigration curbs introduced by Donald Trump added an extra layer of uncertainty to the economic impact of the new U.S. president's policies. French 10-year yields hit a 16-month high in early trade after an opinion poll showed conservative presidential election candidate …

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Shares fall, dollar dips versus yen after Trump travels curbs

europe

Allianz’s El-Erian says strong U.S. dollar biggest risk in 2017

Global growth could be better than expected in 2017, though many uncertainties remain that could impact expansion, with the biggest of them being steep gains in the U.S. currency, Allianz's Mohamed A. El-Erian said on Monday. The outlook for the global economy in 2017 will be similar to that for 2016, but with an upside risk, with the world expanding below 3 percent and the U.S. economy outperforming that…

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Allianz’s El-Erian says strong U.S. dollar biggest risk in 2017

europe

New drug approvals fall to six-year low in 2016

Last year turned out to be a disappointing one for new drug approvals with the U.S. Food and Drug Administration clearing just 22 new medicines for sale, the lowest number since 2010 and sharply down on 2015's tally of 45. Across the

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New drug approvals fall to six-year low in 2016

europe

Bitcoin jumps above $1,000 for first time in three years

By Jemima Kelly LONDON (Reuters) – Digital currency bitcoin kicked off the new year by jumping above $1,000 for the first time in three years late on Sunday, having outperformed all central-bank-issued currencies with a 125 percent climb in 2016. Bitcoin – a web-based “cryptocurrency” that has no central authority, relying instead on thousands of computers across the world that validate transactions and add new bitcoins to the system – jumped 2.5 percent to $1,022 on the…

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Bitcoin jumps above $1,000 for first time in three years

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Iran seals $17 billion Boeing deal, close to Airbus order

By Tim Hepher and Sami Aboudi PARIS/DUBAI (Reuters) – Iran signed a $16.6 billion deal for 80 Boeing passenger jets on Sunday and was said to be close to another for dozens of Airbus planes to complete what would be the biggest package of firm contracts with Western companies since Iran's 1979 Islamic revolution. The deal between IranAir and U.S. planemaker Boeing includes 50 narrow-body 737 MAX aircraft and 30 long-haul 777s, split equally between the 777-300ER, which is badly in need of an order boost, …

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Iran seals $17 billion Boeing deal, close to Airbus order

europe

Japan’s Honda ties up with ride-hailing service Grab

Southeast Asian ride-hailing service Grab disclosed on Monday that Japan's Honda Motor Co had invested in the firm, as part of a $750 million funding announced previously, to collaborate on motorbike-hailing services. …

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Japan’s Honda ties up with ride-hailing service Grab

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France’s Amundi to buy Pioneer from UniCredit for $3.75 billion

French fund management company Amundi is to buy asset manager Pioneer from Italian bank UniCredit for 3.55 billion euros ($3.75 billion), and will finance the deal with a debt and equity issue. The deal is one of various disposals being pursued…

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France’s Amundi to buy Pioneer from UniCredit for $3.75 billion

europe

U.S. agency concerned about destroyed, lost phones in VW probe

A U.S. agency involved in settlement talks with Volkswagen AG over its diesel emissions scandal has raised concerns about nearly two dozen mobile phones destroyed or lost by the German carmaker. The Federal Trade Commission said in…

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U.S. agency concerned about destroyed, lost phones in VW probe

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Coke CEO Muhtar Kent hands reins to Quincey in widely expected move

Coca-Cola Co said on Friday that Muhtar Kent would step aside as chief executive next year and be replaced by James Quincey, a company veteran credited with several recent changes to help the company cut its dependence on sugary drinks. Quincey's ascension was widely expected since he became chief operating officer in August 2015 after jobs that included running Coke&#…

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Coke CEO Muhtar Kent hands reins to Quincey in widely expected move

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Can Trump make coal great again? At least some companies think so

By Timothy Gardner WASHINGTON (Reuters) – Most of the U.S. coal industry doubts Donald Trump can fulfill his promise to make the ailing industry great again in a country awash in dirt-cheap natural gas, a competing fuel. “This is the best news that Appalachia as a whole has had in about 10 years,” said Jason Bostic…

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Can Trump make coal great again? At least some companies think so

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