U.S. consumer spending decreases further; inflation creeping up

[ad_1] WASHINGTON (Reuters) – U.S. consumer spending fell for a second straight month in December amid renewed business restrictions to slow the spread of COVID-19 and a temporary expiration of…

EMERGING MARKETS-Petrobras sinks 21% after Bolsonaro boots CEO; Latam FX slide

[ad_1] * Petrobras, Bovespa set for worst day since March * Coronavirus aid extension in Brazil to be discussed this week * Mexican peso down for sixth straight session By…

FOREX-U.S. dollar slides to two-week low vs yen; commodity currencies up

[ad_1] * China’s yuan surges to 16-month high on economic data * Australian, New Zealand, Canadian dollars gain * Fed decision looms, seen sticking to dovish stance * Graphic: World…

Top FCA, PSA investors tighten grip as merger approaches

[ad_1] MILAN/LONDON (Reuters) – Top shareholders in merging carmakers Fiat Chrysler (FCA) and Peugeot maker PSA have moved to tighten their grip on the combined business and head off any…

Economic uncertainty, profit-taking weigh on China shares; HK slumps on lockdown

[ad_1] * SSEC -1.1%, CSI300 -1.2%, HSI -1.7% * China premier warns of ‘hard battle’ still ahead on economy * Hong Kong to tighten social distancing measures after jump in…

Tech ETF outflows send a wake-up call after sizzling rally

[ad_1] By Saikat Chatterjee, Thyagaraju Adinarayan LONDON (Reuters) – Passive investors, the backbone of the Nasdaq’s rally this year, seem to have lost their nerve, pulling massive amounts of cash…

GLOBAL-MARKETS-Stocks gain as trade talk hopes rise, rate-cut pressure ebbs

[ad_1] * Graphic: World FX rates in 2019 tmsnrt.rs/2egbfVh * Fed’s Powell, Bullard temper July rate cut expectations * European stocks gain after CNBC fuels trade talk optimism * U.S.…

UPDATE 1-S.Africa’s Aspen sells thrombosis drug business to Mylan, shares jump

[ad_1] (Adds details) JOHANNESBURG, Sept 8 (Reuters) – South African drugmaker Aspen Pharmacare has agreed to sell the rights to its European thrombosis business to U.S. pharmaceutical company Mylan for…

Denmark begins global legal campaign to recoup tax fraud billions

[ad_1] COPENHAGEN (Reuters) – Denmark has opened a global campaign to recoup billions of crowns it alleges were paid out in fraudulent tax refunds between 2012 and 2015. Tax authorities…

Richemont shareholders back share warrant plan

[ad_1] FILE PHOTO: Festive lights decorate the Cartier store on New Bond Street as shoppers do Christmas shopping in central London, Britain, December 16, 2018. REUTERS/Henry Nicholls ZURICH (Reuters) –…