Oil prices down five percent in January as rising U.S. output offsets OPEC-led cuts

By Henning Gloystein SINGAPORE (Reuters) – Brent crude oil prices fell around 5 percent from their early January peak as rising U.S. drilling activity offset efforts by OPEC and other producers to cut output in an effort to prop up the market. Brent crude futures , the international benchmark for oil prices, were trading at $55.25 per barrel at 0112 GMT, virtually unchanged from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $52.58 a barrel, down 5 cents from their previous settlement.

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Oil prices down five percent in January as rising U.S. output offsets OPEC-led cuts

Asian shares rattled by Trump travel curb orders, dollar soft

TOKYO (Reuters) – Asian shares were on the defensive on Tuesday as stringent curbs on travel to the U.S. ordered by President Donald Trump brought home to investors that he is serious about putting his radical campaign pledges into action.

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Asian shares rattled by Trump travel curb orders, dollar soft

Goldman CEO takes lead on Wall Street in slamming Trump travel ban

In a voicemail to employees on Sunday, Blankfein said diversity was a hallmark of Goldman's success, and if the temporary freeze became permanent, it could create “disruption” for the bank and its staff. “This is not a policy we support, and I would note that it has already been challenged in federal court, and some of the order has been enjoined at least temporarily,” Blankfein said, according to a transcript seen by Reuters. Tepid responses from many of Blankfein's peers made his comments all the more potent, especially because Goldman has gotten attention for the number of its alumni who have joined Trump's administration.

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Goldman CEO takes lead on Wall Street in slamming Trump travel ban

Snap selects New York Stock Exchange for IPO: source

The selection comes as Snap prepares to make its earnings public this week ahead of the IPO that is expected in March. It represents a setback for Nasdaq Inc , which had also vied to host the listing. Snap, Intercontinental Exchange and Nasdaq declined to comment.

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Snap selects New York Stock Exchange for IPO: source

Trump signs executive order to slash regulations

President Donald Trump signed an order on Monday that will seek to dramatically pare back federal regulations by requiring agencies to cut two existing regulations for every new rule introduced. There will be regulation, there will be control, but it will be normalized control,” Trump said as he signed the order in the Oval Office, surrounded by a group of small business owners. Trump's latest executive action will prepare a process for the White House to set an annual cap on the cost of new regulations, a senior official told reporters ahead of the signing.

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Trump signs executive order to slash regulations

U.S. consumer spending, housing data bolster economic outlook

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending accelerated in December as households bought motor vehicles and cold weather boosted demand for utilities amid a rise in wages, pointing to sustained domestic demand that could spur economic growth in early 2017. A strengthening economy, rising price pressures and tightening labor market could allow the Federal Reserve to raise interest rates at least three times this year. Time for the Fed to hoist sail on interest rates.” The Commerce Department said consumer spending, which accounts for more than two-thirds of U.S. economic activity, increased 0.5 percent after gaining 0.2 percent in November.

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U.S. consumer spending, housing data bolster economic outlook

U.S. tech leaders sound alarm over Trump immigration ban

The U.S. technology industry, a major employer of foreign workers, hit back on Saturday at President Donald Trump's sudden executive order on immigration, with some leaders calling it immoral and un-American. Trump's order temporarily bars citizens of seven majority-Muslim countries from entering the United States even if they hold valid visas or permanent residence permits, a move that caught many companies off-guard. Apple Inc CEO Tim Cook sent a letter to employees saying Trump's order was “not a policy we support” and promised to help affected employees.

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U.S. tech leaders sound alarm over Trump immigration ban

German‎ watchdog suspected VW scam on CO2 emissions: report

Germany's motor industry watchdog raised suspicions Volkswagen was using prototype vehicles to lower carbon dioxide (CO2) emissions in tests in 2015 soon after VW's manipulation of diesel emissions tests was uncovered, the Berliner Zeitung newspaper reported on Saturday. It quoted the Federal Motor Transport Authority (KBA) as telling VW in a November 2015 email it would choose test models randomly and appoint new external experts to carry out testing because of doubts about the independence of the company's CO2 testing regime. “VW has to give a declaration that they (vehicles submitted to tests) comply with standards for serial production models and were not subject to change in any way,” the newspaper quoted the KBA's email as saying.

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German‎ watchdog suspected VW scam on CO2 emissions: report