Reuters Business Today: December 12, 2016

Click to View in Browser Monday, December 12, 2016 Fed turns to Trump agenda with rate hike nearly in the bag WASHINGTON (Reuters) - The Federal Reserve inaugurates the Trump era this week with a near-certain interest rate increase and new economic forecasts providing a first glimpse into whether the U.S. election has reshaped the central bank's growth and inflation outlook. Oil surges to 1 1/2-year high, Fed rate increase looms LONDON (Reuters) - Oil prices surged to their highest since mid-2015 and U.S. Treasury yields hit a more than two-year peak on Monday after the world's top crude producers agreed to the first joint output cut since 2001. Federal Reserve and Republican critics may compromise on oversight after Trump win NEW YORK (Reuters) - Republican lawmakers and the Federal Reserve may be ready to strike a compromise deal on legislation that would give Congress greater scrutiny over the central bank, now that there is no longer the threat of a presidential veto, but it would likely stop short of dictating rules on setting interest rates. Exclusive: Lonza says in talks to buy Capsugel; deal could top $5 billion - sources (Reuters) - Swiss pharmaceutical manufacturer Lonza Group AG on Monday confirmed it is in advanced talks with private equity firm KKR & Co LP to acquire Capsugel, a U.S. maker of capsule products and other drug delivery systems. Trump packs trade team with veterans of steel wars with China WASHINGTON (Reuters) - President-elect Donald Trump is stacking his trade transition team with veterans of the U.S. steel industry's battles with China, signaling a potentially more aggressive approach to U.S. complaints of unfair Chinese subsidies for its exports and barriers to imports. Iraq to abide by OPEC cut, expects output growth in future VIENNA (Reuters) - Iraq is committed to cutting its production to comply with a global pact to support prices, the country's oil minister said, adding he was nevertheless confident OPEC's No. 2 producer has the potential to boost its output in coming years. Trump says the F-35 program and cost 'out of control' WASHINGTON (Reuters) - U.S. President-elect Donald Trump said on Monday the cost of Lockheed Martin's F-35 fighter jet program is too high and that he would save billions on that once he takes office. Tesla settles Norway lawsuit over car's performance OSLO (Reuters) - Electric carmaker Tesla Motors Inc has reached an out-of-court settlement with 126 Norwegian customers who claimed their cars' performance did not match promises made in the firm's marketing. Daimler to hike wages by over 20 percent at Hungary plant in next two years BUDAPEST (Reuters) - Daimler AG's Mercedes-Benz cars division has reached a deal with unions at its Hungarian plant that will see base salaries increase by 10 percent in each of the next two years, it said on Monday. France's Amundi to buy Pioneer from UniCredit for 3.6 billion euros PARIS (Reuters) - French asset manager Amundi has agreed to buy rival Pioneer Investments from Italian bank UniCredit for 3.6 billion euros ($3.8 billion), extending its reach in Europe and bringing in some much-needed capital for UniCredit. Related Video 'Moana' tops box office for third straight week Weekahead: markets on Fed alert Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2016 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook