Breaking business news: This year's lumps of coal could be 2018's diamonds

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Monday, December 25, 2017

This year's lumps of coal could be 2018's diamonds

SAN FRANCISCO (Reuters) - Investors saddled in 2017 with the market's worst performers, including Under Armour and General Electric, may do well to remember as December draws to an end that lumps of coal sometimes turn into diamonds.

Exclusive: ArcelorMittal tells Ilva it wants to change buying contract

ROME (Reuters) - Steelmaker ArcelorMittal has told commissioners running Italy's Ilva plant that it wants changes made to the contract in which it agreed to buy the company in order to protect it from legal challenges in Italy.

Israel regulator seeks to ban bitcoin firms from stock exchange

JERUSALEM (Reuters) - Israel's markets regulator said on Monday he will propose regulation to ban companies based on bitcoin and other digital currencies from trading on the Tel Aviv Stock Exchange (TASE).

Russia's standards agency says Nissan to recall 127,738 cars

MOSCOW (Reuters) - Japanese automaker Nissan Motor Co Ltd will recall 127,738 Nissan cars in Russia, Russia's technical safety watchdog Rosstandart said on Monday.

Amgen estimates its U.S. tax bill at over $6 billion as it repatriates cash

NEW YORK (Reuters) - Amgen Inc said it expects to incur tax expenses of $6 billion to $6.5 billion over time as it repatriates cash it has accumulated around the world because of the new U.S. tax law signed by President Donald Trump on Friday.

Russia's FinMin: crypto FX should only be traded by professionals

MOSCOW (Reuters) - Russian Finance Minister Anton Siluanov said on Monday that cryptocurrencies should be traded only by professional investors, not in the mainstream.

VW may post excellent 2017 results, CEO tells Welt am Sonntag

BERLIN (Reuters) - Volkswagen will report excellent group results this year, its chief executive said, helped by expected record vehicle sales and by spending cuts.

Kremlin hopes Rosneft/Sistema settlement to be smoothly implemented

MOSCOW (Reuters) - The Kremlin said on Monday it hoped an out-of-court settlement reached between Russia's largest oil producer Rosneft and the Sistema conglomerate would be implemented smoothly.

An investor's best friend: China's booming pet market sparks deals

PINGYANG, China/SHANGHAI (Reuters) - Li Mingjie is a pet industry investor's dream. The 23-year-old e-commerce worker spares little expense to make his pooch happy.

Cheers! Cider, craft beer makers get U.S. tax cut in new year

(Reuters) - Makers of craft beer, artisanal spirits, hard cider and mead may lift their glasses a bit higher next year as the result of a little noticed provision in the sweeping tax overhaul the U.S. Congress passed this week.

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