BMW sales rise 7.5 percent in January on demand in Europe, China

FRANKFURT (Reuters) – BMW (BMWG.DE) reported a 7.5 percent rise in monthly car sales to 152,879 vehicles in January, as growth in Europe and China more than offset a slide in the United States, where winter storms deterred car buyers. “Despite many markets showing continuing volatility, we remain optimistic that this positive trend will continue […]




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Oil prices rebound from sharp selloff; more volatility expected

By Barani Krishnan NEW YORK (Reuters) – Oil prices seesawed in choppy trade on Wednesday, with U.S. crude slipping and Brent paring gains as worries about a global supply glut offset data showing a surprise drop in U.S. crude stockpiles. Oil prices rallied early, up for the first time in five days, on talk that […]




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Yellen faces tough sell on Fed rate hikes in Congress

By Jonathan Spicer and Ann Saphir WASHINGTON/SAN FRANCISCO (Reuters) – Federal Reserve Chair Janet Yellen will defend the U.S. central bank’s first rate hike in a decade and likely insist that further rises this year remain on track, albeit at a slower pace, when she addresses Congress on Wednesday. Yellen, who is certain to be […]




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Twitter results need to wow to reassure investors

By Abhirup Roy and Supantha Mukherjee (Reuters) – When Twitter Inc reports results on Wednesday, a less than stellar showing could hammer the stock further as a broad selloff in the technology sector has made investors jittery. Twitter’s shares have lost more than two-thirds of their value in the past 12 months and hit a […]




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Twitter results need to wow to reassure investors

By Abhirup Roy and Supantha Mukherjee (Reuters) – When Twitter Inc reports results on Wednesday, a less than stellar showing could hammer the stock further as a broad selloff in the technology sector has made investors jittery. Twitter’s shares have lost more than two-thirds of their value in the past 12 months and hit a […]




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Obama proposes $4.1 trillion spending plan in final White House budget

By Jeff Mason and David Lawder WASHINGTON (Reuters) – U.S. President Barack Obama proposed a $4.1 trillion spending plan for fiscal year 2017 on Tuesday in a final White House budget that met immediate Republican resistance for its cost and reliance on tax hikes to fund domestic priorities. Obama, a Democrat who leaves office next […]




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Asia stocks drop as bank concerns smoulder, yen stands tall

By Sam Forgione NEW YORK (Reuters) – Most U.S. shares ended little changed to lower on Wednesday, erasing early gains on concerns about global growth and sliding commodity-related shares, while greater calm surrounding the European banking sector boosted that region’s shares. The benchmark U.S. SP 500 (.SPX) stock index rose as much as 1.6 percent […]




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U.S. jobs market firming; manufacturing still on the ropes

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to labor market strength that keeps Federal Reserve interest rate hikes on the table this year. Other data on Thursday showed factory activity in the mid-Atlantic region contracting at a slower pace in February and hinted […]




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Oil, European stocks gain as volatility eases

By Chuck Mikolajczak NEW YORK (Reuters) – Global equity markets rallied on Wednesday, as oil prices jumped on optimism that top crude producers could finalize a deal to freeze production, while the Mexican peso strengthened after the country’s central bank hiked its benchmark interest rate. After a surprise agreement on Tuesday between non-OPEC Russia and […]




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Fed’s Williams sees gradual U.S. rate hike path as ‘best course’

By Nichola Groom LOS ANGELES (Reuters) – The Federal Reserve should stick with its plan to raise interest rates gradually, a top policymaker said on Thursday, given his view that unemployment is headed to 4.5 percent by late this year and inflation is set to reach 2 percent in two years. San Francisco Fed President […]




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