Goldman warns of $5-billion earnings hit from U.S. tax law

(Reuters) - Goldman Sachs Group Inc said on Friday it would take a $5 billion (4 billion pounds) earnings hit in the fourth quarter for the new U.S. tax law, becoming the first major U.S. bank to detail the law's one-time impact on corporate profits held overseas.


Posted 2017/12/29 19:47:50

Spanish PM calls for Catalan parliament to be formed on Jan. 17

MADRID (Reuters) - Spain's prime minister said on Friday that the new Catalan parliament should hold its maiden session on Jan. 17, the first step in reinstating local government after Madrid fired the old regional administration for illegally declaring independence.


Posted 2017/12/29 18:59:07

Airbus sprints from behind in bid to upset Boeing order lead

PARIS (Reuters) - Airbus is pulling out the stops to try and take the lead in its annual order contest with Boeing , lining up a spree of multi-billion-dollar deals to close a traumatic year haunted by management upheaval and corruption investigations.


Posted 2017/12/29 18:15:44

Germany prison break caught on CCTV

A manhunt is under way in Germany after four prisoners managed a daring escape from a jail.

Posted 2017/12/29 11:42:00

US big freeze: Temperatures plummet to -37C

Temperatures have plummeted to -37C as the US Midwest and Northeast is hit by a record Arctic blast.

Posted 2017/12/29 09:52:00

At least 14 killed in Mumbai restaurant blaze

At least 14 people have died, mostly young women, after a popular restaurant in Mumbai caught fire.

Posted 2017/12/29 09:31:00

Hong Kong ship seized over NK oil transfer

South Korea briefly seized and inspected a Hong Kong-registered ship it suspected of transferring oil products to North Korea, an official has said.

Posted 2017/12/29 07:44:00

New York City apartment fire kills 12, injures several others

NEW YORK (Reuters) - Twelve people were killed, including an infant, and four were critically injured on Thursday in a fire that swept through several floors of an apartment building in the New York City borough of the Bronx, Mayor Bill de Blasio said.


Posted 2017/12/29 04:25:36

Bumper year for stocks and commodities, downer for the dollar

SYDNEY (Reuters) - Asian markets were ending 2017 in a party mood on Friday after a year in which a concerted pick-up in global growth boosted corporate profits and commodity prices, while benign inflation kept central banks from taking away the monetary punch bowl.


Posted 2017/12/29 02:59:15

Australia wobble as England seamers strike twice

MELBOURNE (Reuters) - England's seamers struck twice to leave Australia wobbling at 70 for two at lunch on day four of the fourth Ashes test on Friday after Alastair Cook carried his bat in a record innings for the tourists.


Posted 2017/12/29 02:08:15

Brexit spurs near doubling of UK domestic deal-making

LONDON (Reuters) - Companies seeking to "bulk up" to offset the uncertainty caused by Britain's looming EU exit helped to spur a near doubling of domestic mergers and acquisition activity this year, according to Thomson Reuters data.


Posted 2017/12/29 01:28:58

Italy to vote on March 4, with hung parliament feared

ROME (Reuters) - Italy will vote on March 4 in an election expected to produce a hung parliament, instability and possible market turbulence in the euro zone's third largest economy.


Posted 2017/12/29 01:12:57

Apple apologises after outcry over slowed iPhones

(Reuters) - Facing lawsuits and consumer outrage after it said it slowed older iPhones with flagging batteries, Apple Inc is slashing prices for battery replacements and will change its software to show users whether their phone battery is good.


Posted 2017/12/29 00:49:07

SoftBank succeeds in tender offer for Uber shares

(Reuters) - A consortium led by SoftBank Group Corp will buy a large number of shares of Uber Technologies Inc [UBER.UL] in a deal that values the ride-services firm at $48 billion, Uber said on Thursday, in a victory for new Chief Executive Dara Khosrowshahi.


Posted 2017/12/29 00:35:59

Small RBS investors renew push to set up shareholder committee

LONDON (Reuters) - Small investors in Royal Bank of Scotland are launching a second attempt to force the state-backed lender to set up a shareholder committee to improve corporate governance after a first bid failed earlier this year.


Posted 2017/12/29 00:10:16

VW to try to block emissions audit in constitutional court

FRANKFURT (Reuters) - Volkswagen AG said on Thursday it would petition Germany's constitutional court in an effort to overturn the appointment of a special auditor to investigate the actions of management in the "Dieselgate" emissions scandal.


Posted 2017/12/28 22:40:26

Hung parliament looms as Italy sets poll date

Italians will head to the polls on 4 March in elections that look set to result in renewed instability and thrust former leader Silvio Berlusconi back to the centre of the political stage.

Posted 2017/12/28 21:32:00

SoftBank tender for Uber stake succeeds - WSJ

(Reuters) - A consortium led by SoftBank Group Corp will go ahead with the purchase of a major stake in Uber Technologies Inc [UBER.UL] after existing investors in the ride services company agreed to sell shares at a price that values the startup at $48 billion, the Wall Street Journal reported on Thursday.


Posted 2017/12/28 18:37:15

Italian president dissolves parliament ahead of election

ROME (Reuters) - Italian President Sergio Mattarella on Thursday dissolved parliament ahead of an election which is expected to produce a period of instability in the euro zone's third largest economy.


Posted 2017/12/28 18:26:09

Football star wins Liberian presidential election

Former professional footballer George Weah has won the Liberia presidential run-off with 61.5% of the vote.

Posted 2017/12/28 18:12:00