Reuters Business Today: December 19, 2016

Click to View in Browser Monday, December 19, 2016 Dollar, yields, stocks all cool their jets LONDON (Reuters) - Stocks, the dollar and bond yields all drifted lower on Monday as investors cashed in on some of their recent bets that the anticipated fiscal boost from the incoming Trump administration will support riskier assets at the expense of bonds. Oil price eases to $55 per barrel on stronger dollar LONDON (Reuters) - Oil prices edged down on Monday due to a renewed dollar rally but were still supported at levels of around $55 per barrel on the back of delays in new Libyan oil exports and expectations of tighter supplies going into 2017. Apple appeals EU tax ruling, says it was a 'convenient target' CUPERTINO, Calif./BRUSSELS (Reuters) - Apple has launched a legal challenge to a record $14 billion EU tax demand, arguing that EU regulators ignored tax experts and corporate law and deliberately picked a method to maximize the penalty, senior executives said. Lennar profit beats as housing market shows steady recovery (Reuters) - Lennar Corp , the No. 2 U.S. homebuilder, reported higher-than-expected quarterly profit and revenue and said the housing market continued to make a "slow and steady recovery." Exclusive: Iran to land first Airbus jet within weeks under sanctions pact PARIS (Reuters) - Iran expects to get its first new jet within weeks under a multi-billion-dollar deal with Airbus for 100 planes, a senior official said on Monday, as Tehran and Western firms race to reopen trade almost a year after sanctions were lifted. Fairfax Financial to buy Allied World for $4.9 billion in cash and stock (Reuters) - Toronto-based insurance group Fairfax Financial Holdings Ltd has agreed to buy Swiss insurer Allied World Assurance Company Holdings AG for $4.9 billion in cash and stock, the companies said on Sunday. Delta Air to end codeshare deal with Alaska Air (Reuters) - Delta Air Lines Inc said on Monday it would end its codeshare agreement with Alaska Air Group Inc as the latter would focus on its merger with Virgin America Inc . Banks may be able to sue EU if denied transitional deal: document LONDON (Reuters) - Banks in Britain are being advised they may be able to sue the European Union if it fails to grant them a staggered departure from the trading bloc using rights from an arcane treaty that usually governs international law. Digital currency sales take off, but with no regulation questions abound NEW YORK (Reuters) - A small, but rapidly growing number of digital technology start-ups is raising cash by creating and selling their own currencies in offerings that bypass banks or venture capital firms as intermediaries and are outside the reach of financial regulators. Ukraine's largest bank rescued by state, Poroshenko urges depositors to stay calm KIEV (Reuters) - Ukraine took over its largest bank on Monday in a move backed by Kiev's international donors to protect the country's financial system and accompanied by an appeal from President Petro Poroshenko for calm and assurances to depositors. Related Video Saudi Arabia says won't withdraw US investments Markets pin hopes on Santa rally 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