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Exclusive: Most U.S. states lost coal mining jobs in 2017 – data

Fri, 01/19/2018 - 7:03am
WASHINGTON (Reuters) - Nearly two-thirds of U.S. coal producing states lost coal mining jobs in 2017, even as overall employment in the downtrodden sector grew modestly, according to preliminary government data obtained by Reuters.

Japan, U.S. to discuss trade 'framework', U.S. envoy says: NHK

Fri, 01/19/2018 - 5:48am
TOKYO (Reuters) - Japan and the United States next week will start to discuss a framework of negotiations with the aim of concluding a trade pact and fixing bilateral trade imbalances, Japanese public broadcaster NHK quoted the U.S. ambassador to Japan as saying.

Dollar hurt by U.S. shutdown fears, Treasury yields at highest since 2014

Fri, 01/19/2018 - 4:17am
LONDON (Reuters) - The dollar wallowed near three-year lows on Friday as heightened fears of a U.S. government shutdown unnerved investors, while U.S. Treasury yields continued an upward march to hit their highest levels since September 2014.

Emirates A380 orders allow Airbus to maintain minimum production - COO

Fri, 01/19/2018 - 1:50am
PARIS (Reuters) - Airbus Chief Operating Officer Fabrice Bregier said on Friday that Emirates' latest order for up to 36 A380 aircraft worth $16 billion at list price would allow the European planemaker to maintain a minimum production level of the superjumbo.

Wall Street traders brace for meager paychecks as bonus season approaches

Fri, 01/19/2018 - 1:20am
NEW YORK (Reuters) - Some traders at the largest Wall Street banks are about to get big, fat zeroes for bonuses while they watch markets thrive.

Asia stocks rise on China growth, U.S. govt. funding woes dent dollar

Fri, 01/19/2018 - 12:48am
TOKYO (Reuters) - Asia stocks shook off losses on Wall Street and edged up to record highs on Friday following China's announcement of faster-than-expected fourth quarter growth, while worries over a possible U.S. government shutdown weighed on the dollar.

Asia stocks set record highs, U.S. government funding woes weigh on dollar

Thu, 01/18/2018 - 11:29pm
TOKYO (Reuters) - Asia stocks edged up to record highs on Friday, although losses on Wall Street slowed the advance, while worries over a possible U.S. government shutdown weighed on the dollar.

SEC says bitcoin funds raise 'investor protection issues'

Thu, 01/18/2018 - 10:56pm
(Reuters) - The U.S. securities regulator on Thursday raised alarm about the safety of bitcoin-themed investments, telling the fund industry they want answers to their concerns before endorsing more than a dozen proposed products based on cryptocurrencies.

South Korean group files complaint against Apple CEO over iPhone slowdown

Thu, 01/18/2018 - 10:38pm
SEOUL (Reuters) - A South Korean consumer group has filed a criminal complaint against Apple Inc CEO Tim Cook over slower iPhone devices, after probes in Europe into allegations the firm had deliberately shortened the life of its handsets.

Exclusive: U.S. puts HNA deals on ice until it gets ownership info - source

Thu, 01/18/2018 - 10:34pm
NEW YORK (Reuters) - The U.S. government will not approve any investment by HNA Group until the Chinese conglomerate, which has been scrutinized around the world over its ownership structure, provides adequate information on who its shareholders are, a source familiar with the situation said.

SEC questions prospects of bitcoin ETFs

Thu, 01/18/2018 - 10:21pm
(Reuters) - The U.S. Securities and Exchange Commission (SEC) has questioned the prospects of bitcoin exchange-traded funds saying there are a significant number of investor protection issues about cryptocurrencies and related products that need to be examined.

Asia stocks set record highs, U.S. govt. funding woes weigh on dollar

Thu, 01/18/2018 - 10:13pm
TOKYO (Reuters) - Asia stocks edged up to record highs on Friday, although losses on Wall Street slowed the advance, while worries over a possible U.S. government shutdown weighed on the dollar.

Possible Buffett successor Jain reports $109 million Berkshire stake

Thu, 01/18/2018 - 8:54pm
(Reuters) - Ajit Jain, who was recently appointed a vice chairman of Warren Buffett's Berkshire Hathaway Inc , on Thursday reported ownership of roughly $109 million of the conglomerate's stock.

MetLife, U.S. regulators agree to set aside legal fight

Thu, 01/18/2018 - 8:52pm
WASHINGTON (Reuters) - The U.S. government and MetLife announced on Thursday they would jointly be seeking to dismiss an appeal over whether the insurance company should face stricter oversight as a key part of the financial system.

IBM returns to growth after six years, but dour forecast hits shares

Thu, 01/18/2018 - 8:03pm
(Reuters) - International Business Machines Corp's revenue rose for the first time in 23 quarters, beating analysts' estimates, but the company warned that a higher tax rate this year would eat into its profit.

Asia stocks near record highs, U.S. funding woes weigh on dollar

Thu, 01/18/2018 - 7:59pm
TOKYO (Reuters) - Asia stocks edged higher on Friday and were within reach of record highs, although losses on Wall Street slowed the advance, while worries over a possible U.S. government shutdown weighed on the dollar.

SoftBank is now Uber's largest shareholder as deal closes

Thu, 01/18/2018 - 7:34pm
SAN FRANCISCO (Reuters) - A group of investors led by SoftBank Group Corp closed a deal with Uber Technologies Inc [UBER.UL] on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber.

At AstraZeneca, fewer drug projects bring big productivity jump

Thu, 01/18/2018 - 7:11pm
LONDON (Reuters) - A focus on fewer diseases, together with cuts in laboratories and staff, has delivered a more than fourfold increase in research productivity at drugmaker AstraZeneca , based on one key measure of success. The analysis published on Friday comes at a time of soul-searching among large pharmaceutical companies as they compete with smaller biotech firms, which are getting new drugs to market more efficiently. The turnaround evident this decade at AstraZeneca fo

Amazon's review of Toronto could escalate tension with Trump

Thu, 01/18/2018 - 7:05pm
TORONTO (Reuters) - Inc's inclusion of Canada's largest city on a list of 20 finalists for a massive new campus could escalate tensions between the tech giant and U.S. President Donald Trump.

Tax overhaul leads AmEx to first loss in 26 years, buyback suspension

Thu, 01/18/2018 - 6:42pm
(Reuters) - Credit card issuer American Express Co posted its first quarterly loss in 26 years and said it would not buy back shares for the next six months, both due to the impact of the recently enacted U.S. tax reform.