PARIS (Reuters) – France’s presidential palace asked Foreign Minister Jean-Yves Le Drian to send luxury goods company LVMH <LVMH.PA> a letter advising it to defer its acquisition of U.S. jeweller Tiffany, two sources...
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Fed’s Powell sees ‘highly uncertain’ path for economy despite ‘marked’ gains
By Dan Burns and Howard Schneider (Reuters) – America’s economy has shown “marked improvement” since the coronavirus pandemic drove it into recession, but the path ahead remains uncertain and the U.S. central bank...
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Nasdaq, S&P 500 crawl higher on Amazon, Apple boost
By Shreyashi Sanyal and Devik Jain (Reuters) – The S&P 500 and the Nasdaq edged higher on Tuesday, led by a bounce in shares of Amazon.com and Apple, while uncertainty over more U.S. fiscal stimulus kept trading in Dow...
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Oil rises on expectations demand can survive new lockdowns
By Bozorgmehr Sharafedin LONDON (Reuters) – Oil prices rose on Tuesday as analysts took the view that renewed lockdown restrictions would have only a limited impact on fuel demand, partly reversing a steep drop in prices the...
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U.S. existing home sales near 14-year high in August
WASHINGTON (Reuters) – U.S. home sales surged to their highest level in nearly 14 years in August as the housing market continued to outperform the broad economy, though record home prices could be an obstacle for first-time buyers....
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Siemens sees market value of energy spin-off above $20 billion: source
ZURICH/MUNICH (Reuters) – Siemens <SIEGn.DE> expects Siemens Energy to reach a market value of significantly more than 17 billion euros ($19.98 billion) when it floats on the Frankfurt stock exchange next week, a source close...
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