Switch it up this year: Buy in May, till November stay
NEW YORK (Reuters) - "Sell in May and go away" is perhaps the oldest saw on Wall Street, but it appears there's no shortage of U.S. mutual funds doing exactly that this year.
Beijing bling: Hyundai plots China branding reboot after missile row
SEOUL/BEIJING (Reuters) - Bruised by anti-Korean sentiment in its biggest market and losing ground to local automakers, Hyundai Motor <005380.KS> will open its first Chinese brand store, and may locally assemble its premium Genesis cars and accelerate the launch of a sport-utility vehicle (SUV), people familiar with the plans said.
China April industrial profits up 14 percent but slowing pace stokes economy worries
BEIJING (Reuters) - Profits earned by Chinese industrial firms rose 14.0 percent in April from a year earlier, official data showed on Saturday, slowing from March's pace and adding to concerns that the world's second-largest economy may be losing steam.
As premier heads to Europe, China says resolute about opening its market
BEIJING (Reuters) - China is determined to open its market and is positive about promoting talks on a China-EU investment agreement, a senior Chinese official said on Saturday ahead of Premier Li Keqiang's visit to Brussels for a summit with the European Union.
Steven Peikin expected to be named co-chief of SEC enforcement: source
NEW YORK (Reuters) - U.S. Securities and Exchange Commission chief Jay Clayton is expected to name Steven Peikin, a partner from his former law firm, to help lead enforcement at the agency, a person familiar with the matter told Reuters.
In Aramco IPO pitch, Canada plays up its natural resources expertise
((This May 26th story corrects paragraph 12 to show Falih was speaking at news conference not to Reuters and adds comment on listing))
Oversold: Oil traders punish OPEC for promising too much
VIENNA (Reuters) - As OPEC's latest meeting wrapped up in Vienna on Thursday night, ministers congratulated each other on its rare spirit of amity and consensus. The talks were, without a doubt, a success.
Uruguay doubles 2017 growth estimate to 2 percent: report
SANTIAGO (Reuters) - The Uruguayan government expects GDP growth of 2 percent this year, Uruguay's El Pais newspaper reported on Saturday, doubling its previous estimate.
May and Trump reaffirm UK-U.S.trade commitment: May's spokesman
TAORMINA, Italy (Reuters) - British Prime Minister Theresa May and U.S. President Donald Trump renewed their commitment to increase trade between the two countries during a meeting at the G7 summit in Italy, May's spokesman said.
China's Xi says need to move to greener economic growth: state media
BEIJING (Reuters) - China needs to shift away from over-reliance on heavy industries, large-scale and careless expansion, and the depletion of the country's natural resources, President Xi Jinping said on Saturday, according to state media.