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Updated: 2 hours 40 min ago

Wall Street hits record as oil, industrial stocks gain

Thu, 01/11/2018 - 13:25
(Reuters) - Wall Street surged to fresh highs on Thursday as rising oil prices lifted energy stocks and upbeat forecast from No. 2 U.S. carrier Delta Air Lines drove airline stocks higher.

Hong Kong, London, New York shortlisted for Aramco IPO: sources

Thu, 01/11/2018 - 11:06
DUBAI/LONDON (Reuters) - Saudi Arabia has shortlisted New York, London and Hong Kong - singly or in a combination of two or even all three - for the international portion of the listing of national oil company Aramco, two sources with knowledge of the discussions said.

California rescuers keep up search for missing in deadly mudslide

Thu, 01/11/2018 - 10:54
SANTA BARBARA, Calif. (Reuters) - Southern California rescue workers using dogs and scanners searched for eight people feared lost in the wreckage of this week's deadly mudslides, which struck along the state's picturesque coastal communities, according to officials.

With a lower tax bill in sight, Walmart to raise its U.S. minimum wage

Thu, 01/11/2018 - 10:05
NEW YORK (Reuters) - Walmart Stores Inc will raise entry-level wages for U.S. hourly employees to $11 an hour in February as it benefits from last month's major overhaul of the U.S. tax code, the company said on Thursday.

Wall Street climbs on gains in energy stocks

Thu, 01/11/2018 - 10:04
(Reuters) - U.S. stocks rose on Thursday with a broad-based rally across sectors as speculation over China halting U.S. bond purchases eased and investors focused on quarterly earnings reports and higher oil prices.

Delta raises profit forecast, shares jump

Thu, 01/11/2018 - 09:26
(Reuters) - Delta Air Lines Inc reported better-than-expected profit for the fourth quarter on Thursday, helped by higher business fares and a busy holiday travel season, and forecast even better performance in the current quarter on strong demand for seats, sending its shares up 3.5 percent in premarket trading.

Myanmar admission soldiers killed Rohingya 'an important step': U.S. envoy

Thu, 01/11/2018 - 09:16
YANGON (Reuters) - Myanmar's admission that soldiers were involved in the murder of 10 Muslims in September was an important step and the United States hoped it would be followed by more transparency and accountability, the U.S. ambassador said on Thursday.

Delta sees unit revenue rising, shares jump

Thu, 01/11/2018 - 08:03
(Reuters) - Delta Air Lines Inc reported better-than-expected profit for the fourth quarter on Thursday, helped by a busy holiday travel season, and forecast even better performance in the current quarter, sending its shares up almost 3 percent in premarket trading.

Kremlin: U.S. report accusing Russia of election meddling harms relations

Thu, 01/11/2018 - 07:27
MOSCOW (Reuters) - The Kremlin on Thursday described a report published by Democratic U.S. lawmakers accusing Russia of election meddling as damaging for bilateral relations, as well as for the United States itself.

Rescuers race against time to find missing in California mudslides

Thu, 01/11/2018 - 07:00
SANTA BARBARA, Calif (Reuters) - Rescue crews in Southern California resumed on Thursday the arduous task of combing through tons of debris for survivors from deadly mudslides that struck along the state's picturesque coastal communities.

Britain, France, Germany plead for U.S. to preserve Iran deal

Thu, 01/11/2018 - 06:32
BRUSSELS (Reuters) - Britain, France, Germany and the European Union made a joint call to the United States to protect the Iran nuclear pact, saying Tehran had a right to benefit from the lifting of sanctions tied to it.

China's Xi supports progress in inter-Korean talks: South Korea's Blue House

Thu, 01/11/2018 - 06:20
SEOUL (Reuters) - Chinese President Xi Jinping on Thursday welcomed recent progress in inter-Korean talks during a telephone call with South Korean President Moon Jae-in, the South's Blue House said in a statement.

Call out Iran but keep nuclear deal, Germany says to U.S.

Thu, 01/11/2018 - 04:56
BRUSSELS (Reuters) - Europe and the United States should confront Tehran about its ballistic weapons program and its role in Syria's civil war but a 2015 deal to prevent Iran from developing a nuclear bomb must be preserved, Germany's foreign minister said on Thursday.

South Korea plans to ban cryptocurrency trading, rattles market

Thu, 01/11/2018 - 00:52
SEOUL (Reuters) - The South Korean government on Thursday said it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation's police and tax authorities raided local exchanges on alleged tax evasion.

Lagging industry, Ford puts auto emergency brakes on two 2019 models

Thu, 01/11/2018 - 00:05
(Reuters) - Ford Motor Co said on Thursday it will make automatic emergency brakes standard on two key 2019 models, an effort by the No. 2 U.S. automaker to catch up with rivals in offering the new technology designed to help vehicles avoid collisions.

U.S. judge denies effort to stop Mulvaney from heading consumer watchdog

Wed, 01/10/2018 - 21:03
WASHINGTON (Reuters) - A U.S. federal judge denied on Wednesday a preliminary injunction sought by the deputy director of the Consumer Financial Protection Bureau seeking to stop White House budget director Mick Mulvaney from taking control of the agency.

Death toll rises to 17 in California mudslides, 17 missing

Wed, 01/10/2018 - 19:58
SANTA BARBARA, Calif. (Reuters) - The death toll from devastating mudslides in affluent communities along a stretch of Southern California coastline rose to 17 on Wednesday after two more bodies were recovered, the local sheriff said, and the number of people missing also climbed to 17.

Exclusive: Canada increasingly convinced Trump will pull out of NAFTA

Wed, 01/10/2018 - 19:05
LONDON, Ontario (Reuters) - Canada is increasingly convinced that President Donald Trump will soon announce the United States intends to pull out of NAFTA, two government sources said on Wednesday, sending the Canadian and Mexican currencies lower and hurting stocks.

Trump blasts immigration ruling, calls U.S. court system 'broken and unfair'

Wed, 01/10/2018 - 18:51
WASHINGTON/NEW YORK (Reuters) - U.S. President Donald Trump on Wednesday blasted the federal court system as "broken and unfair" after a judge blocked his administration's move to end a program protecting young immigrants brought to the United States illegally by their parents.

Exclusive: Justice Department blindsided banking agency on pot policy flip - sources

Wed, 01/10/2018 - 17:52
WASHINGTON (Reuters) - When the U.S. Justice Department said last week it was reversing policy on the $7 billion marijuana business, it failed to first notify federal officials who advise banks in states where the drug is legal, sources in Congress said.