Breaking Stock Market and Financial News

Philippines urges Islamist rebels to surrender as battle enters eighth day

Top Reuters News - 1 hour 19 min ago
MARAWI, Philippines (Reuters) - The Philippine military urged Islamist militants occupying a southern city to turn themselves in on Tuesday, the eighth day of a push by security forces using armored vehicles and firing rockets from helicopters to eliminate the gunmen.

France upgrades Q1 GDP growth to 0.4%, beating forecasts

MarketWatch Market Pulse - 1 hour 50 min ago

The French economy expanded faster than initially forecast in the first quarter of the year, but still logged slower growth than its eurozone counterparts. The French statistics body INSEE said Tuesday France's gross domestic product grew 0.4% in the first three months of the year, up from the 0.3% first estimated. That was better than the 0.3% forecast by analysts. The growth, however, was slower than the 0.5% growth seen in the fourth quarter of 2016 and below the eurozone average of 0.5%. France's CAC 40 index traded 0.9% lower at 5,284.42 in early Tuesday trade.

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British Airways says it's back to a full flight schedule

MarketWatch Market Pulse - 1 hour 52 min ago

British Airways on Tuesday its IT systems were running again and it will be operating a full flight schedule at London's Heathrow and Gatwick airports. But there are still BA customers without their luggage, as the U.K. airline said it is continuing to work to get delayed bags to passengers as quickly as possible. The carrier is dealing with the aftermath of a far-reaching computer outage over the holiday weekend that sparked chaos at major airports. Shares in BA parent International Consolidated Airlines Group S.A. were 3% lower in early trading Tuesday.

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Former Panama dictator Manuel Noriega dies at 83

Top Reuters News - 3 hours 26 min ago
PANAMA CITY (Reuters) - Former Panamanian dictator Manuel Noriega, who spied for the CIA before his drug trafficking and brutal regime sparked a U.S. invasion in 1989, has died aged 83.

Trump administration nearing completion of Cuba policy review: sources

Top Reuters News - 4 hours 41 min ago
WASHINGTON (Reuters) - The Trump administration is nearing completion of a policy review to determine how far it goes in rolling back former President Barack Obama’s engagement with Cuba and could make an announcement next month, according to current and former U.S. officials and people familiar with the discussions.

Cyclone brings destruction to Myanmar refugee camps in Bangladesh

Top Reuters News - 5 hours 5 min ago
COX'S BAZAR, Bangladesh (Reuters) - Bangladesh has evacuated at least 350,000 people as a cyclone lashed coastal areas on Tuesday, officials said, causing havoc in refugee camps set up for Rohingya Muslims who have fled violence in neighboring Myanmar.

Singapore's central bank ends 1MDB review, penalizes Credit Suisse, UOB

Top Reuters News - Mon, 05/29/2017 - 22:37
SINGAPORE (Reuters) - Singapore's central bank said on Tuesday that it has imposed financial penalties on Credit Suisse and United Overseas Bank (UOB) after completing its two-year review of banks involved in 1MDB-related transactions.

Senator McCain says Putin bigger threat than ISIS

Top Reuters News - Mon, 05/29/2017 - 19:40
MELBOURNE (Reuters) - U.S. Senator John McCain said Russian President Vladimir Putin is a bigger threat to global security than ISIS, and warned that the Senate would push for sanctions against Moscow for its alleged interference in the U.S. election.

North Korea leader Kim supervises missile test of new guidance system: KCNA

Top Reuters News - Mon, 05/29/2017 - 19:23
SEOUL (Reuters) - North Korean leader Kim Jong Un supervised the test of a new ballistic missile controlled by a precision guidance system and ordered the development of more powerful strategic weapons, the North's official KCNA news agency reported on Tuesday.

Trump condemns fatal Oregon stabbings; says victims stood against hate

Top Reuters News - Mon, 05/29/2017 - 16:25
(Reuters) - President Donald Trump on Monday condemned the fatal stabbings of two Good Samaritans who tried to stop a man from harassing a pair of women who appeared to be Muslim, in a tweet issued days after an advocacy group urged Trump to condemn the attacks it said his anti-Muslim rhetoric had encouraged.

U.S. may put emergency tariffs on solar imports

Top Reuters News - Mon, 05/29/2017 - 13:19
GENEVA (Reuters) - The United States has notified the other 163 members of the World Trade Organization that it is considering putting emergency "safeguard" tariffs on imported solar cells, according to a WTO filing published on Monday.

Macron meets Russia's Putin near Paris, promising tough talks

Top Reuters News - Mon, 05/29/2017 - 13:04
VERSAILLES, France (Reuters) - French President Emmanuel Macron met Russia's Vladimir Putin near Paris on Monday, promising some frank talking with the Kremlin leader after an election campaign in which his team accused Russian media of trying to interfere.

U.S. companies no longer know rules of game under Trump, Hasbro director says

Top Reuters News - Mon, 05/29/2017 - 12:29
CASCAIS, Portugal (Reuters) - Confusion surrounding the trade policies of U.S. President Donald Trump's administration means U.S. companies no longer know the rules of the game, a board member and former CEO of toymaker Hasbro told an international conference on Monday.

Tiger Woods arrested in Florida on DUI charge: reports

Top Reuters News - Mon, 05/29/2017 - 12:22
(Reuters) - Former world number one golfer Tiger Woods was arrested in South Florida on Monday morning on a charge of driving under the influence of alcohol or drugs, according to media reports.

Tiger Woods arrested in connection with DUI charge in Florida: reports

MarketWatch Market Pulse - Mon, 05/29/2017 - 11:54

Pro golfer Tiger Woods has been arrested on charges of driving while under the influence in Jupiter, Fla., according to multiple reports. The PGA's former No. 1 golfer in the world was arrested at around 3 a.m. Monday on Military Trail South of Indian Creek Parkway, according to an NBC report. The golfer lives in Jupiter and has been sidelined for months as he attempts to recover from recent back surgery. The 41-year-old golfer boasts 14 majors on the PGA tour, second only to Jack Nicklaus, who holds an individual-record 18 PGA majors victories. However, Woods hasn't been the same since undergoing a trio of back surgeries, starting in April 2014. In February, he withdrew from the Dubai Desert Classic, citing back spasms, and on April 20, announced that he had undergone successful spinal-fusion surgery.

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Exclusive: U.S. aid agency under scrutiny for loans in Chile

Top Reuters News - Mon, 05/29/2017 - 11:36
SANTIAGO (Reuters) - The U.S. government is auditing a foreign aid program that loaned almost $1 billion to renewable energy projects in Chile – including solar farms in such deep financial trouble that the loans may never be fully repaid, according to people familiar with the matter.

'Convinced Atlanticist' Merkel being honest with U.S., spokesman says

Top Reuters News - Mon, 05/29/2017 - 09:58
BERLIN (Reuters) - Chancellor Angela Merkel believes firmly in strong German - U.S. relations and is simply being honest with the United States when she flags up policy differences with Washington, her spokesman said on Monday.

Macron's party seen on top in French parliament election: polls

Top Reuters News - Mon, 05/29/2017 - 08:45
PARIS (Reuters - French President Emmanuel Macron's party is expected to win the most votes in June's parliamentary election, polls showed on Monday, with Macron also scoring well in terms of general popularity.

MI5 to review its handling of intelligence on Manchester bomber

Top Reuters News - Mon, 05/29/2017 - 07:36
LONDON (Reuters) - Britain's MI5 has begun an internal review of how it handled intelligence on Manchester suicide bomber Salman Abedi, who was known to the authorities but not under active investigation, a source told Reuters on Monday.

Civilians lack food, water, medicine as Mosul battle mounts: U.N.

Top Reuters News - Mon, 05/29/2017 - 05:05
BAGHDAD (Reuters) - Tens of thousands of civilians in parts of Mosul held by Islamic State are struggling to get food, water and medicine, the United Nations said, days into a new push by U.S.-backed Iraqi government troops to take the northern city.