Wall St. set to extend record run as ‘Trump trade’ rekindles

The three main U.S. stock indexes closed at record highs on Thursday and Friday as optimism about the economy rose after President Donald Trump vowed to make a major tax announcement in the next few weeks. The S&P 500 has surged 8.3 percent since Trump's Nov. 8 election, fueled by expectations he will lower corporate taxes, reduce regulations and increase infrastructure spending. The rally had stalled amid concerns over Trump's protectionist stance and lack of clarity on policy reforms.

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Wall St. set to extend record run as ‘Trump trade’ rekindles

Citing Trump and Brexit, EU sees euro zone economy risk, sharp drop in UK growth

The European Commission said on Monday that uncertainty about U.S. policies, Brexit and elections in Germany and France would take their toll on the euro zone economy this year. It forecast euro zone economic growth to lose some speed this year before rebounding in 2018. The British economy will nearly halve its expansion by 2018, the European Union executive said in a broad series of economic forecasts.

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Citing Trump and Brexit, EU sees euro zone economy risk, sharp drop in UK growth

U.S. trial set over bitcoin exchange linked to JPMorgan hack probe

A Florida software engineer and a New Jersey pastor are expected on Monday to face trial in a case stemming from an investigation into a bitcoin exchange and a data breach at JPMorgan Chase & Co . Jury selection is set to begin in Manhattan federal court in the case of Yuri Lebedev, who authorities call the architect of bitcoin exchange Coin.mx's electronic platform, and Trevon Gross, a pastor and ex-chairman of a now-defunct credit union.

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U.S. trial set over bitcoin exchange linked to JPMorgan hack probe

Samsung chief appears for second round of questions in graft probe

Samsung Group leader Jay Y. Lee appeared at the South Korean special prosecutor's office for questioning on Monday as part of a wider investigation into an influence-peddling scandal that could topple President Park Geun-hye. The special prosecutor has focused on South Korea's biggest conglomerate, accusing Lee in his capacity as Samsung chief of pledging 43 billion won ($37.31 million) to a business and organizations backed by Park's friend, Choi Soon-sil, in exchange for support for a 2015 merger of two Samsung companies. Park, Lee, Choi, and Samsung Group [SAGR.UL] have all denied bribery accusations.

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Samsung chief appears for second round of questions in graft probe

Sales of Ivanka Trump apparel slumped at Nordstrom: WSJ report

Nordstrom's sales of Ivanka Trump's line of clothing and shoes fell by nearly one-third in the past fiscal year, with sharp drops in sales in the weeks before her father Donald Trump was elected president, the Wall Street Journal reported on Saturday. Nordstrom announced this week it had decided to stop carrying Ivanka Trump's apparel, prompting President Trump to take to Twitter to defend her. “My daughter Ivanka has been treated so unfairly by @Nordstrom,” he said on Wednesday.

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Sales of Ivanka Trump apparel slumped at Nordstrom: WSJ report

Ex-VW chairman Piech refuses to testify in German emissions inquiry

HAMBURG/BERLIN (Reuters) – Ex-Volkswagen Chairman Ferdinand Piech, who resigned after a showdown with former chief executive Martin Winterkorn, has refused to testify to German lawmakers investigating a possible government's role in the VW emissions scandal, according to his lawyer. Piech, also VW's former CEO who spearheaded the carmaker's global expansion, gave testimony to lawyers of U.S. law firm Jones Day last April and to German prosecutors in Braunschweig near VW's Wolfsburg headquarters in December, his lawyer said. The German parliamentary committee of inquiry has expressed its intention to summon Piech.

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Ex-VW chairman Piech refuses to testify in German emissions inquiry

Euro zone, IMF agree on a common stance on Greece: official

Euro zone lenders and the International Monetary Fund have reached agreed between themselves to present a common stance to Greece later on Friday in talks on reforms and the fiscal path Athens must take, euro zone officials said. Such a united stance would be a breakthrough because the two groups have differed for months on the size of the primary surplus Greece should reach in 2018 and maintain for years later as well as the issue of debt relief. “There is agreement to present a united front to the Greeks,” a senior euro zone official said, adding that the outcome of Friday's meeting with the Greeks was still unclear and it was unclear if Athens would accept the proposals.

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Euro zone, IMF agree on a common stance on Greece: official

Oil overhang points to need for extended OPEC output cuts

The Organization of the Petroleum Exporting Countries and non-OPEC producers in December reached their first deal since 2001 to curtail oil output jointly, by around 1.8 million barrels per day. In the months leading up to the deal and after it was struck, OPEC ministers said tackling an overhang in crude and oil product inventories that has depressed oil prices for over two years was one of their main objectives. This contrasts with price hawk Iran, whose oil minister Bijan Zanganeh said OPEC should cut production further in the second half of 2017.

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Oil overhang points to need for extended OPEC output cuts

Asian stocks tread water on U.S. cues, Europe concerns

Asian stocks looked set to consolidate around four-month highs on Thursday as a cautious Wall Street close and growing political risks in Europe force investors to the sidelines. MSCI's broadest index of Asia-Pacific shares outside Japan was broadly flat, with early Asian markets such as Australia hemmed in tight ranges. Political concerns, including a strong showing by far-right candidate Marine Le Pen in France's presidential race, have pushed up premiums demanded by investors to buy French debt over comparable bonds and pushed the yen and U.S. Treasuries higher.

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Asian stocks tread water on U.S. cues, Europe concerns

Channeling Steve Jobs, Apple seeks design perfection at new ‘spaceship’ campus

By Julia Love SAN FRANCISCO (Reuters) – Inside the original Macintosh computer, Apple co-founder Steve Jobs inscribed the signatures of his team, revealing his deep concern for even the hidden features of his products. The campus is something of an exception to the trend of radically open offices aimed at fostering collaboration, said Louise Mozingo, a professor and chair of the Department of Landscape Architecture and Environmental Planning at U.C. Berkeley.

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Channeling Steve Jobs, Apple seeks design perfection at new ‘spaceship’ campus