U.S. stock futures hit six-week low on failed healthcare bill
(Reuters) - U.S. stock index futures hit six-week lows on Monday after President Donald Trump failed to push through his healthcare bill, raising concerns about his ability to deliver on his economic agenda.
EU antitrust regulators clear $130 billion Dow, DuPont merger
BRUSSELS (Reuters) - Dow Chemical
and DuPont gained conditional EU antitrust approval on Monday for their $130 billion merger by agreeing to significant asset sales, one of a trio of mega mergers that will redraw the agrochemicals industry.
Toshiba wants Westinghouse to file for bankruptcy as early as Tuesday: source
TOKYO (Reuters) - Toshiba Corp wants its U.S nuclear unit to file for Chapter 11 protection from creditors as early as Tuesday, according to a source with direct knowledge of the matter, seeking a quick ringfencing of losses before the Japanese parent's financial year ends.
Once golden, Robert Rubin's hedge fund proteges lose some luster
BOSTON/NEW YORK (Reuters) - Learning to invest on Goldman Sachs'
risk arbitrage desk, made famous by leader Robert Rubin, was once seen as a fast track to fortune. But the band of hedge fund prot�g�s who mastered their trade under the former Wall Street star and U.S. Treasury Secretary have stumbled in recent years.
Plateau in U.S. auto sales heightens risk for lenders: Moody's
DETROIT (Reuters) - As U.S. auto sales have peaked, competition to finance car loans is set to intensify and drive increased credit risk for auto lenders, Moody's Investors Service said in a report released on Monday.
Morgan Stanley ups European earnings forecasts, says financials in 'sweet spot'
LONDON (Reuters) - A stronger-than-anticipated economic recovery, the return of inflation and the region's financial sector in a "sweet spot" has spurred Morgan Stanley to lift its earnings forecasts and targets for European benchmark indexes.
China state firms eye land around Panama Canal: waterway authority
SHANGHAI (Reuters) - Chinese state firms have expressed an interest to develop land around the Panama Canal, the chief executive of the vital trade thoroughfare said, underlining China's outward push into infrastructure via railways and ports around the world.
Hyundai suspends China plant for a week amid diplomatic stand-off
SEOUL (Reuters) - South Korea's Hyundai Motor <005380.KS> on Monday said it had suspended production at one of its Chinese factories for a week, fuelling concern that a diplomatic standoff may be hurting sales in the automaker's top market.
Citigroup aims to double South Korea wealth assets by 2020
HONG KONG (Reuters) - Citigroup Inc
plans to double its wealth management assets in South Korea to around $6 billion by 2020, setting up new offices and investing in digital technology to attract new customers.
Exclusive: Shell and Anadarko mull clean break from Permian venture - executive
LONDON/HOUSTON (Reuters) - Royal Dutch Shell Plc
and Anadarko Petroleum Corp may let a 10-year joint venture in the oil-rich Permian Basin of Texas expire and split their properties, hoping to speed up development, according to a senior Shell executive.