McDonald's U.S. comparable sales rise 1.7 percent

McDonald's Corp reported a better-than-expected increase in quarterly sales at established U.S. restaurants, boosted by the expansion of all-day breakfast, and Big Mac and beverage value promotions.

The world's largest fast-food chain said on Tuesday that same-restaurant sales at McDonald's rose 1.7 percent in the three months ended March 31.

Analysts were expect

Euro zone banks sharply cut bad loan pile

FRANKFURT - Banks across the euro zone sharply cut their stock of bad loans in the fourth quarter, with Italy and Ireland producing the biggest reductions, European Central Bank data showed on Tuesday.

The ECB has made tackling the region's pile of bad loans a top priority, releasing fresh guidelines last year and telling banks to come up with concrete action plan

Analysis - Investors take another look at opinion polls after French vote

LONDON - Pollsters picked the two candidates to make it into next month's French presidential election run-off, going some way to restoring their reputation in financial markets before other important votes across Europe.

Centrist Emmanuel Macron won Sunday's first round vote with 23.91 percent. Far-right nationalist and anti-euro candidate Marine Le Pen came

Ericsson plunges to quarterly operating loss

STOCKHOLM/LONDON - Mobile telecom equipment maker Ericsson plunged to a quarterly operating loss on Tuesday, hit by shrinking markets and restructuring costs.

The Swedish company, which is focusing on its core networks business under new chief executive Borje Ekholm, reported an operating loss of 12.3 billion Swedish crowns ($1.4 billion) as previously announced provi

Gazprom CEO sees share of EU gas market rising despite LNG rivals

LONDON - A new pipeline from Russia's Arctic fields to Germany will boost Moscow's share of the European gas market despite competition from Qatar and the United States, and will also mean much less fuel goes via Ukraine, Russian gas monopoly Gazprom said.

Chief Executive Alexei Miller told Reuters supplies via Ukraine would fall after 2020, but not stop entir

LVMH's Arnault to take full control of Christian Dior

PARIS - French billionaire Bernard Arnault will combine the Christian Dior fashion brand with his LVMH luxury goods group as part of a 12 billion euro ($13 billion) move to simplify his business interests, a restructuring long demanded by other investors.

Under a series of complex transactions, LVMH will buy the Christian Dior Couture brand from the Christian Dior hol

Exclusive: Boeing near decision to launch 737-10 jet - sources

PARIS - Boeing is nearing a decision to launch a larger version of its 737 workhorse jet within two months to counter strong sales of the Airbus A321neo, after a breakthrough on the design for one of its parts, industry sources said.

The 737 MAX 10 would narrow the gap between the 178-220 seat 737-9, which first flew this month, and the 185-240 seat A321neo, which dom

Exclusive: Vivendi to accelerate expansion in video games and advertising - sources

PARIS - French media giant Vivendi will accelerate acquisitions in video games and advertising this year to allay investor concerns about its strategy, mixed results and poor share performance, two sources close to the matter told Reuters.

Advertising group Havas and video games maker Ubisoft are expected to be the first targets as Vivendi moves into the next phase of

Credit Suisse investors prepare to grill chairman Rohner over pay

ZURICH - Credit Suisse Chairman Urs Rohner faces his toughest shareholder meeting to date this week following an investor revolt over bonuses and losses totalling 5.65 billion Swiss francs ($5.7 billion) since 2015.

Rohner, 57, is facing calls to stand down after six years as chairman, during which time the share price of Switzerland's second-biggest bank has more

China to boost non-fossil fuel use to 20 percent by 2030 - state planner

BEIJING - China aims for non-fossil fuels to account for about 20 percent of total energy consumption by 2030, increasing to more than half of demand by 2050, its state planner said on Tuesday, as Beijing continues its years-long shift away from coal power.

In a policy document, the National Development and Reform Commission (NDRC) said carbon dioxide (CO2) emissions

UK`s Hammond hits budget deficit target, bigger tests ahead

LONDON - British finance minister Philip Hammond avoided a potentially embarrassing slip-up before June's parliamentary election as he hit his budget deficit target for the 2016/17 financial year, but his fiscal challenge is likely to get harder.

The shortfall in the public accounts fell by nearly 28 percent to 52 billion pounds in the 12 months to the end of Marc

Fresenius picks up M&A pace with Akorn, Merck KGaA deals

FRANKFURT - German healthcare group Fresenius SE & Co KGaA has stepped up its dealmaking, agreeing to buy U.S. generic drugmaker Akorn Inc for $4.75 billion (4.37 billion euros) and the biosimilars arm of Germany's Merck KGaA.

Takeovers were part of Fresenius's growth strategy under previous boss Ulf Mark Schneider, now leading Nestle. But his successor, f

Not an inside job: How two analysts became SEC whistleblowers

WASHINGTON - Four years ago, two analysts who liked to swap notes on numbers they thought looked odd took a fateful step and tipped off U.S. regulators about a company that one of them had watched for months.

Orthofix International NV caught one of the analysts' attention in 2012. The Texas-based medical device maker kept hitting ambitious earnings targets and man

Looming risks subdue Asia stock investors after stellar quarter

SINGAPORE - Investors' enthusiasm for Asian stocks is waning as a raft of political and economic risks takes the shine off the best first-quarter returns in 26 years.

That period of strong gains could put Asian equities in the firing line for a sell-off, as funds investing in the region play it a lot safer than they were a few months ago on concerns that economic

Germany opposes EU emissions testing overhaul - Sueddeutsche

FRANKFURT - Germany is against European Commission plans to overhaul a vehicle emissions testing scheme, Sueddeutsche Zeitung said, citing European Council documents submitted by Germany.

The newspaper reported Germany has rejected an EU Commission proposal to change the way the vehicle testing authorities are funded and managed, citing consultation documents sent by

French election spurs equity market, euro rally

NEW YORK - Global equity markets rallied on Monday to lift a gauge of world stock indexes to a fresh peak, while the euro briefly jumped to a five-month peak against the U.S. dollar as the first round of an election in France went to the market's preferred contender.

Centrist Emmanuel Macron took a big step towards the French presidency on Sunday by winning the fi

China plans maiden flight of C919 jetliner around May 5 - sources

PARIS/SHANGHAI - China plans to stage the maiden flight of its C919 passenger jet on or around May 5, two people familiar with the project said.

Commercial Aircraft Corporation of China (COMAC) has completed ground-testing and is preparing the aircraft for its much-delayed debut flight, which could provide an historic boost to China's efforts to compete with globa

PPG raises offer for Akzo Nobel to $29 billion

AMSTERDAM - U.S. paint maker PPG Industries raised its proposed offer for Akzo Nobel by about 8 percent to 26.9 billion euros ($28.8 billion) on Monday, increasing the pressure on its Dutch rival to enter into talks.

PPG said its proposal was a "final" invitation to Akzo to enter negotiations and included a break fee in case the deal was rejected by regulato

Treasury yields down, stocks fall on global risks

By Sinead Carew

NEW YORK  - Wall Street indexes fell along with U.S. Treasury yields on Thursday on safe-haven demand spurred by geopolitical worries, and the U.S. dollar rebounded after a sell-off following remarks by President Donald Trump on Wednesday was seen as an overreaction.

Financial stocks were the biggest drag on the S&P 500, hurt by move

Wall Street ends lower; Trump comments dampen sentiment late

NEW YORK - U.S. stocks eased on Wednesday and the S&P 500 closed below a key technical level for the first time since Election Day, pressured by lingering geopolitical concerns and President Donald Trump's comments on the dollar and interest rates.

Trump said in a Wall Street Journal interview that the dollar "was getting too strong," though he also

Airbus CEO considers new term, says not retiring soon

AMSTERDAM - Airbus Chief Executive Tom Enders is in the early stages of considering whether to seek another term as head of Europe's largest aerospace company when his mandate expires in 2019, and says he is not currently thinking about retirement.

The German-born executive told Reuters in an interview he was far from bored after five years in the job, during whic

Trump's message to bankers: Wall Street reform rules may be eliminated

President Donald Trump told a group of chief executives on Tuesday that his administration was revamping the Wall Street reform law known as Dodd-Frank and might eliminate the rules and replace them with "something else."

At the beginning of his administration, Trump ordered reviews of the major banking rules put in place after the 2008 financial crisis, and last week he sai

Korea Inc's China troubles rattle local workers, suppliers

South Korean companies in China have been clobbered by Beijing's angry response to Seoul's decision to deploy a U.S. anti-missile system, but the boycotts and regulatory pressure on firms like Hyundai and Lotte are rebounding on their Chinese workers and suppliers.

South Korean businesses are a major employer in China, with firms such as Hyundai Motor Co, smartphone manufactur

China anti-graft body investigating chief insurance regulator

By Kevin Yao and Matthew Miller

BEIJING  - The head of China's insurance regulator is being investigated for suspected disciplinary violations, the country's top anti-graft body said on Sunday, bringing the most senior financial regulator to date into the government's fight against corruption.

China's top leaders have pledged this year t

Wall Street sees Federal Reserve balance sheet normalization plan by year end

By Richard Leong

NEW YORK  - Wall Street's top banks see the Federal Reserve laying out by year end its plan to scale back reinvestments in Treasuries and mortgage-backed securities in order to begin shrinking its $4.5 trillion balance sheet, a Reuters poll showed on Friday.

Five of 15 primary dealers, or banks that do business directly with the U.S