October 24, 2017 BEIJING (Reuters) – China’s ruling Communist Party reveals its new leadership line-up on Wednesday when President Xi Jinping introduces his Politburo Standing Committee, culminating a week-long party congress. A key measure of Xi’s rising influence leading the world’s second-largest economy will be how many of his allies […]
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America Movil reports net loss of 9.55 billion pesos in third quarter
FILE PHOTO – The logo of America Movil is pictured on the wall of a reception area in the company’s corporate offices in Mexico City, Mexico, May 18, 2017. REUTERS/Edgard Garrido/File Photo October 24, 2017 MEXICO CITY (Reuters) – Mexican billionaire Carlos Slim’s America Movil <AMXL.MX> on Tuesday reported a […]
Toyota to scale back investment in Mexico auto plant: Nikkei
A Toyota logo is seen on a car at City Toyota in Daly City, California, U.S., October 3, 2017. REUTERS/Stephen Lam October 24, 2017 (Reuters) – Toyota Motor Corp <7203.T> intends to scale back investment in its planned auto plant in Mexico by 30 percent while slashing output capacity by […]
Twitter to begin labeling election-related ads
FILE PHOTO – People holding mobile phones are silhouetted against a backdrop projected with the Twitter logo in this illustration picture taken in Warsaw September 27, 2013. REUTERS/Kacper Pempel/File Photo October 24, 2017 SAN FRANCISCO (Reuters) – Twitter Inc <TWTR.N> said on Tuesday it would add labels to election-related advertisements, […]
Canada says 2017/18 budget deficit to be smaller than expected
Canada’s Finance Minister Bill Morneau delivers the Fall Economic Statement in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada, October 24, 2017. REUTERS/Chris Wattie October 24, 2017 OTTAWA (Reuters) – Canada’s Liberal government unveiled a smaller-than-forecast budget deficit for 2017/18 on Tuesday as it pressed forward with […]
AT&T results miss estimates as pay-TV competition rises
FILE PHOTO: People walk past the AT&T store in New York’s Times Square, New York, U.S., June 17, 2015. REUTERS/Brendan McDermid/File Photo October 24, 2017 NEW YORK (Reuters) – AT&T Inc’s <T.N> quarterly results missed Wall Street estimates as the U.S. No. 2 wireless carrier lost video subscribers to pay-TV […]
South Africa’s Zuma asks court to reject call for inquiry into influence-peddling
FILE PHOTO: South Africa’s President Jacob Zuma gestures during the last day of the six-day meeting of the African National Congress 5th National Policy Conference at the Nasrec Expo Centre in Soweto, South Africa, July 5, 2017. REUTERS/Siphiwe Sibeko/File Photo October 24, 2017 PRETORIA (Reuters) – South African President Jacob […]
Hudson’s Bay to sell Lord & Taylor Fifth Ave building
FILE PHOTO: A man exits a Hudson’s Bay department store in Toronto, Ontario, Canada, June 6, 2016. REUTERS/Chris Helgren/File Photo October 24, 2017 By Nichola Saminather and Yashaswini Swamynathan (Reuters) – Canadian department store operator Hudson’s Bay Co <HBC.TO> (HBC) agreed to sell its Lord & Taylor flagship building in […]
Caterpillar smashes market estimates as North America sales rebound
FILE PHOTO – Caterpillar Inc. equipment is on display for sale at a retail site in San Diego, California, U.S., March 3, 2017. REUTERS/Mike Blake/File Photo October 24, 2017 By Rachit Vats and Sweta Singh (Reuters) – Caterpillar Inc <CAT.N> blew past Wall Street’s profit and revenue estimates for the […]
GM’s earnings beat, forecast lift shares; supply glut shrinks
FILE PHOTO – The GM logo is seen at the General Motors Warren Transmission Operations Plant in Warren, Michigan October 26, 2015. REUTERS/Rebecca Cook/File Photo October 24, 2017 By Nick Carey and Joseph White DETROIT (Reuters) – General Motors Co <GM.N> posted stronger-than-expected pre-tax profit for the third quarter on […]