Reuters Business Today: January 9, 2017

Click to View in Browser Monday, January 9, 2017 European shares fall, sterling dives on Brexit comments LONDON (Reuters) - The dollar edged up on Monday, boosted by robust U.S. wage growth data that strengthened the case for more U.S. interest rate rises, while Britain's pound fell on comments by Prime Minister Theresa May seen as pointing to a "hard" Brexit. Oil down on concerns rising U.S. production could dampen output cut deal LONDON (Reuters) - Oil fell 2 percent on Monday as signs of growing U.S. production outweighed optimism that many other producers, including Russia, were sticking to a deal to cut supplies in a bid to bolster the market. Mars to buy pet health care provider VCA for $7.7 billion (Reuters) - Candy and pet food maker Mars Inc said it would buy VCA Inc , which runs hospitals for animals, for $7.7 billion. Japan's Takeda to buy U.S. cancer drug maker Ariad in $5.2 billion deal (Reuters) - Japan's Takeda Pharmaceutical Co Ltd said on Monday it would buy cancer drug maker Ariad Pharmaceuticals Inc in a deal valued at $5.20 billion, to beef up its oncology pipeline. VW executive to appear in Miami court over Dieselgate scandal DETROIT (Reuters) - Volkswagen executive Oliver Schmidt will appear in Federal Court in Miami, Florida, on Monday, a spokeswoman for the United States Attorney's office in Detroit said. McDonald's sells most of China, HK business to CITIC, Carlyle for $2.1 billion HONG KONG (Reuters) - McDonald's Corp has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd and Carlyle Group LP for up to $2.1 billion, seeking to expand rapidly without using much of its own capital. Fiat Chrysler ups the ante as automakers respond to Trump DETROIT (Reuters) - Fiat Chrysler Automobiles on Sunday said it will invest $1 billion to modernize two plants in the U.S. Midwest and create 2,000 jobs, upping the ante as automakers respond to threats from President-elect Donald Trump to slap new taxes on imported vehicles. Fed's Rosengren calls for gradual, but faster, interest-rate hikes HARTFORD, Conn. (Reuters) - Boston Fed President Eric Rosengren on Monday called for the U.S. central bank to step up its pace of interest-rate increases from the once-a-year pattern it has pursued since 2015, warning of inflation risks if it does not. Big China bitcoin exchange says no government pressure on outflows SHANGHAI (Reuters) - The head of a major bitcoin exchange in China says few people there use the cryptocurrency to get around rules on how much money they can take out of the country, and despite a publicized meeting with the central bank last week the exchange, BTCC, hasn't been told explicitly to check capital outflows. Morgan Stanley, UBS to raise stakes in China securities joint ventures to 49 percent: sources HONG KONG (Reuters) - Morgan Stanley and UBS Group AG are set to raise their stakes in separate Chinese securities joint ventures to 49 percent, people with direct knowledge of the moves said, betting on strong deals momentum in the world's second-largest economy. Related Video VW faces new legal headaches in U.S., UK The rise of the greenback: unstoppable? 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 2017 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