Edition:
United States

Business

Photo

U.S. tax cut outlook drives stocks but dents dollar

LONDON Global stock markets hit record highs on Monday on expectations that a U.S. tax bill could soon pass, though a more cautious reading of the draft law's prospects among currency traders put the dollar under pressure.

Recent Business News

Thai Beverage unit wins auction to buy 54 percent stake in Sabeco

HO CHI MINH CITY A unit of Thai Beverage won the auction to buy a $5 billion or 54 percent stake in top brewer Sabeco in the country's biggest ever privatization process, an official from the Ho Chi Minh City Stock Exchange said on Monday.

4:14am EST

Buwog agrees to be taken over by Vonovia in $6.1 billion deal

FRANKFURT Germany's Vonovia has agreed to buy Buwog in a cash deal valuing the Austrian real estate company at 5.2 billion euros ($6.12 billion), the two companies said on Monday.

3:54am EST

Workers at Israel's Teva Pharm block roads, continue protest over job cuts

JERUSALEM Workers at Israel's Teva Pharmaceutical Industries protested pending job cuts for a second straight day on Monday, blocking roads and shutting down a number of the drugmaker's plants nationwide.

4:53am EST

Lockheed hits 2017 F-35 delivery target despite production hiccups

Lockheed Martin Corp said that it hit its 2017 target to deliver 66 F-35 fighter jets to the U.S. and its allies last week, despite production problems as the defense contractor built 40 percent more jets this year.

4:06am EST

Hedge fund manager Hohn won't attend LSE vote - source

LONDON British hedge fund manager Christopher Hohn will not attend a vote on the motion brought by his firm to oust London Stock Exchange chairman Donald Brydon, a source close to the firm told Reuters.

5:39am EST

Keeping Score podcast

Markets

  • U.S.
  • Europe
  • Asia
  • Sectors

Sector Summary