Business
-
Trumpflation strikes back: dollar set for best week of the year
[ad_1] LONDON (Reuters) – The dollar was set for its biggest weekly rise in 2017 and stocks rose across the world after U.S. President Donald Trump proposed the biggest tax overhaul in three decades in…
-
Asia shares recuperate after rough week, dollar in better health
[ad_1] SYDNEY (Reuters) – Asian shares regained some poise on Friday after a tough week in which the gathering risk of a U.S. rate rise lifted Treasury yields toward nine-year highs and boosted borrowing costs…
-
S&P ekes out record on healthcare gains, tax plan hopes
[ad_1] (Reuters) – Wall Street edged higher on Thursday, as the S&P 500 eked out a record on gains in McDonald’s and healthcare names, while investors continued to hope President Donald Trump will be able…
-
A little help from 'Mr Bags'? Prada plays catch-up online in China
[ad_1] BEIJING/MILAN (Reuters) – At Prada’s (1913.HK) Spring/Summer 2018 show in Milan last week in a warehouse papered with giant pop-art comic strips, one name in the coveted front row stood out: Tao Liang, otherwise…
-
Playboy founder Hugh Hefner dies at age 91
[ad_1] (Reuters) – Playboy founder Hugh Hefner, who helped usher in the 1960s sexual revolution with his groundbreaking men’s magazine and built a business empire around his libertine lifestyle, died on Wednesday at the age…
-
Trump proposal slashes taxes on businesses, the rich amid deficit worries
[ad_1] WASHINGTON (Reuters) – President Donald Trump on Wednesday proposed the biggest U.S. tax overhaul in three decades, offering to cut taxes for most Americans but prompting criticism that the plan favors the rich and…
-
France backs Siemens-Alstom rail deal despite job fears
[ad_1] PARIS (Reuters) – The French government said on Wednesday that combining the rail operations of Germany’s Siemens AG (SIEGn.DE) with Alstom would preserve “strategic interests” amid fears over job cuts. The agreement is an…
-
Amazon says Google has pulled YouTube from Echo Show device in tech face-off
[ad_1] SAN FRANCISCO (Reuters) – In a rare public feud between large technology companies, Amazon.com Inc said on Tuesday its Echo Show devices could no longer play videos from YouTube because the site’s parent, Google,…
-
Wall St. ends flat after Yellen; tech shares bounce
[ad_1] NEW YORK (Reuters) – The S&P 500 ended flat on Tuesday and the Nasdaq posted modest gains as technology shares bounced from sharp losses in the prior session and comments from Fed Chair Janet…
-
U.S. Commerce Secretary Ross tells China to guarantee fair treatment for U.S. firms
[ad_1] BEIJING (Reuters) – U.S. Commerce Secretary Wilbur Ross said China needed to “guarantee fair and reciprocal treatment for U.S. firms” as he tried to strike an upbeat tone on a visit to Beijing amid…
-
Asian shares droop, yen gains as Korean tensions rise
[ad_1] TOKYO (Reuters) – Asian shares slumped on Tuesday while the dollar remained off recent highs against the yen against the backdrop of rising tensions on the Korean Peninsula. North Korea’s foreign minister said on…
-
Wall St. declines on tech selloff, North Korea concern
[ad_1] NEW YORK (Reuters) – Wall Street dipped on Monday, as a selloff in technology shares weighed heavily on the Nasdaq, while the most recent statement from North Korea’s to Washington added to a cautious…
-
Exclusive: Toshiba tells banks chip deal delayed as Apple yet to approve
[ad_1] TOKYO (Reuters) – Toshiba Corp (6502.T) told its main banks on Monday it has not signed the $18 billion sale of its semiconductor business because Apple Inc (AAPL.O), a member of the buyer group,…
-
Oil holds gains as producers say market rebalancing
[ad_1] TOKYO (Reuters) – Oil prices stood little changed on Monday, keeping most of their gains from the previous session to hold near their highest levels in months, as major producers meeting in Vienna said…
-
EU seeks more protection for Uber-style jobs
[ad_1] BRUSSELS (Reuters) – The European Commission wants more social protection and rights for casual workers, such as those in the “gig economy”, and others with non-standard contracts to try to tackle growing social inequality.…
-
Fidget spinners and squishies: some Toys 'R' Us toymakers cut ties
[ad_1] (Reuters) – This summer, toy supplier Product Launchers delivered 100,000 specially ordered DC Comics fidget spinners to Toys ‘R’ Us, unaware that the biggest U.S. toy store chain was in financial trouble. Now Product…
-
A private solution for China’s zombie company problem? Unlikely
[ad_1] HONG KONG (Reuters) – China’s latest push to revive its bloated state-owned sector is set to pick up pace this year, with bankers and investors expecting possible spin-offs and asset sales to follow a…
-
NAFTA talks intensify; U.S. seen putting off key demand on autos
[ad_1] OTTAWA (Reuters) – Talks to update the North American Free Trade Agreement intensified on Saturday although U.S. negotiators looked set to once again withhold proposals for one of the Trump administration’s most challenging issues.…
-
Wells Fargo hires new law firm to prepare CEO for Senate appearance
[ad_1] NEW YORK (Reuters) – Wells Fargo & Co. (WFC.N) has hired law firm Sidley Austin to take the lead in preparing Chief Executive Tim Sloan for his appearance before the U.S. Congress next month…
-
Take Five: World markets themes for the week ahead
[ad_1] LONDON (Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. 1/ STRONG QUARTER? NOT HALF It’s the…
-
Wall Street slips on healthcare, North Korea, earnings angst
[ad_1] (Reuters) – U.S. stocks were down slightly in late afternoon trading on Friday as Apple weighed and investors eyed the progress of a healthcare bill in Washington on top of concerns about North Korea…
-
Exclusive: T-Mobile, Sprint close to agreeing on deal terms – sources
[ad_1] (Reuters) – T-Mobile US Inc (TMUS.O) is close to agreeing tentative terms on a deal to merge with peer Sprint Corp (S.N), people familiar with the matter said, a major breakthrough in efforts to…
-
U.S. Commerce chief: U.S. content falling in Mexican, Canadian imports
[ad_1] WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross said on Thursday a new study by his department shows that U.S. value-added content is declining for manufactured goods imported from Mexico and Canada, arguing that…
-
Wall Street lower with pressure from Apple, rate expectations
[ad_1] (Reuters) – U.S. stock indexes were trading lower on Thursday, weighed down by Apple and rising expectations for a third interest rate hike this year. The S&P and the Dow were on track to…
-
Futures flat after Fed signals third rate hike this year
[ad_1] (Reuters) – U.S. stock index futures were little changed on Thursday, a day after the Federal Reserve signaled that it could raise interest rates for the third time this year despite low inflation and…
-
Dollar shines, Asia shares slip after Fed signals December rate hike
[ad_1] TOKYO (Reuters) – The U.S. dollar shone while Asian shares slipped on Thursday after the U.S. Federal Reserve announced a plan to start shrinking its balance sheet and signalled one more rate hike later…
-
Pfizer files suit against J&J over Remicade contracts
[ad_1] (Reuters) – Drugmaker Pfizer Inc (PFE.N) on Wednesday filed a lawsuit against Johnson & Johnson (JNJ.N), saying its rival’s contracts with health insurers for blockbuster rheumatoid arthritis drug, Remicade, were anticompetitive and blocked sales…
-
Wal-Mart to give more hours to current staff this holiday season
[ad_1] (Reuters) – Wal-Mart Stores Inc (WMT.N) said on Wednesday it would not hire temporary workers this holiday season and would instead offer the extra hours to its current employees. This is in sharp contrast…
-
Buffett calls pessimists about United States 'out of their mind'
[ad_1] NEW YORK (Reuters) – Uncertainty about how the United States will cope with growing tumult in the world has not dampened Warren Buffett’s optimism for the country’s prospects over the long term — even…
-
Wall St. edges up as U.S. Fed meeting is in focus
[ad_1] (Reuters) – U.S. stocks were slightly higher on Tuesday, helped by gains in financial, technology and telecom stocks, but indexes traded in a narrow range as investors stayed away from making major bets ahead…





