Business
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Trump administration orders purge of Kaspersky products from U.S. government
[ad_1] WASHINGTON (Reuters) – The Trump administration on Wednesday told U.S. government agencies to remove Kaspersky Lab products from their information systems, saying it was concerned the Moscow-based cyber security firm was vulnerable to Kremlin…
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HSBC's incoming chairman set to face CEO succession questions
[ad_1] LONDON (Reuters) – Mark Tucker, the incoming chairman of HSBC (HSBA.L), will likely face questions over who will take over as CEO when he meets investors in Europe’s biggest bank ahead of taking up…
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Asian shares lifted to 10-year high cheered by record highs on Wall St.
[ad_1] TOKYO (Reuters) – Asian shares inched up to a 10-year high on Wednesday, cheered by record highs on Wall Street, while the dollar’s rise against the yen helped boost Japanese shares. The S&P 500…
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Apple unveils cellular watch as new iPhone awaited
[ad_1] CUPERTINO, Calif. (Reuters) – Apple Inc rolled out a new version of the Apple Watch on Tuesday, marking the first introduction at the company’s biggest product launch in years, which was expected to showcase…
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Toshiba still in talks over chip unit sale one day before deadline: sources
[ad_1] Tokyo (Reuters) – Japan’s embattled Toshiba Corp (6502.T) is still in discussions with various parties over the $18 billion sale of its memory chip business just a day before its latest, self-imposed deadline, people…
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U.S. tribal patent deal could have big impact on generic drug market
[ad_1] (Reuters) – A groundbreaking deal between Allergan Plc and a Native American tribe to shield the company’s patents in administrative proceedings could also be used be to protect them from challenges in federal court,…
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BP files for IPO of U.S. Midwest, Gulf Coast pipeline assets
[ad_1] (Reuters) – British energy company BP on Monday filed for an initial public offering of its U.S. Midwest and Gulf Coast pipeline assets. BP Midstream Partners LP, the master limited partnership (MLP) formed by…
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Oil weakens on fears Irma could dent U.S. demand
[ad_1] LONDON (Reuters) – Oil prices edged lower on Monday on concerns that Hurricane Irma’s pounding of heavily populated areas of Florida could dent oil demand in the world’s top oil consuming nation. Losses were…
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Oil edges up as Saudi discusses oil supply cut extension
[ad_1] TOKYO (Reuters) – Oil prices edged up on Monday after the Saudi oil minister discussed the possible extension of a pact to cut global oil supplies beyond March 2018 with his Venezuelan and Kazakh…
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Russia's Rosneft not seeking Sistema's assets: CEO
[ad_1] MOSCOW (Reuters) – The chief executive of Russian oil giant Rosneft (ROSN.MM) said on Sunday his company was not seeking the frozen assets of Sistema as it presses its multi-billion dollar lawsuit against the…
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Europe's bank regulators on expensive hiring spree before Brexit
[ad_1] FRANKFURT (Reuters) – Europe’s regulators are competing to hire risk specialists to prepare for an influx of banks escaping Brexit, nudging up salaries and stretching staff budgets. Wall Street giants Goldman Sachs (GS.N), Citigroup…
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China studying when to ban sales of traditional fuel cars: Xinhua
[ad_1] BEIJING (Reuters) – China has begun studying when to ban the production and sale of cars using traditional fuels, the official Xinhua news agency reported, citing comments by the vice industry minister. Xin Guobin…
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AstraZeneca CEO, worried by Brexit, not signing UK government letter
[ad_1] MADRID (Reuters) – AstraZeneca (AZN.L) Chief Executive Pascal Soriot, fearing a potentially abrupt Brexit, said on Saturday that lack of progress in negotiations made it impossible for him to sign a public letter of…
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China invests $9.1 billion in Rosneft as Glencore, Qatar cut stakes
[ad_1] MOSCOW/BEIJING (Reuters) – Chinese conglomerate CEFC will buy a 14.16 percent stake in Russian oil major Rosneft (ROSN.MM) for $9.1 billion from a consortium of Glencore (GLEN.L) and the Qatar Investment Authority, strengthening the…
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Criticism of Equifax data breach response mounts, shares tumble
[ad_1] (Reuters) – Equifax Inc (EFX.N) faced a storm of criticism on Friday over a hack that may have compromised personal data for some 143 million Americans, with consumers clamoring for answers and cyber security…
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Kroger results hit by grocery price war, shares slide
[ad_1] (Reuters) – Kroger Co (KR.N) on Friday reported lower quarterly profit after an intensifying grocery price war hit its bottom line, and warned that same-store sales and operating margins would be lower than expected…
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Exclusive: ECB policymakers agreed on stimulus cut at meeting – sources
[ad_1] FRANKFURT (Reuters) – European Central Bank policymakers meeting on Thursday were in broad agreement that their next step will be reducing their bond purchases and discussed four options, two sources with direct knowledge of…
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Asian shares steady, dollar slumps on ECB's tapering signal
[ad_1] TOKYO (Reuters) – Asian shares edged up on Friday as investors kept a wary eye on another U.S. storm, while the dollar skidded after European Central Bank chief Mario Draghi suggested the bank may…
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Ex-bank manager to face charges in Philippines for cyber heist, others cleared
[ad_1] MANILA (Reuters) – Philippine prosecutors have recommended the filing of charges against a former bank manager for her part in laundering tens of millions of dollars stolen from Bangladesh’s central bank last year, but…
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Chinese logistics firm Best, backed by Alibaba, launches $930 million U.S. IPO
[ad_1] HONG KONG (Reuters) – Best Inc, a Chinese logistics company backed by Alibaba Group (BABA.N), is launching a U.S. IPO that is seeking about $930 million to fund an expansion of its supply chain…
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Asian shares rise on relief over U.S. debt ceiling deal, euro eyes ECB
[ad_1] TOKYO (Reuters) – Asian shares ticked up on Thursday after U.S. President Donald Trump and congressional leaders agreed to raise the government debt limit until December, eliminating the risk of a government shutdown for…
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Mexico signs e-commerce deal with China's Alibaba Group
[ad_1] MEXICO CITY (Reuters) – Mexico’s government said on Wednesday it has inked a deal with Alibaba Group Holding Ltd, to get Mexican products and services, especially from small- and medium-sized firms, onto the top…
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Simmering Korea tensions hit global stocks and dollar
[ad_1] LONDON (Reuters) – Global shares fell and the dollar dipped against the Japanese yen on Wednesday as still-simmering tension over the Korean peninsula kept investors wary of taking on risk. European and Asian shares…
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Asia stocks down, dollar on defensive, gripped by risk aversion
[ad_1] TOKYO (Reuters) – Asian stocks tracked Wall Street’s slide overnight to slip on Wednesday while the dollar was on the defensive with tensions in the Korean Peninsula showing little signs of abating. MSCI’s broadest…
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United Tech defends $23 billion Rockwell deal as shares slide
[ad_1] NEW YORK (Reuters) – Aerospace and industrial company United Technologies Corp (UTX.N) defended its $23 billion acquisition of avionics maker Rockwell Collins Inc (COL.N) on Tuesday, saying it would yield cost savings and not…
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Toymaker Lego to cut 8 percent of staff as sales decline
[ad_1] COPENHAGEN (Reuters) – Toymaker Lego announced plans to lay off 8 percent of its workforce as it reported a 5 percent fall in mid-year revenue. The unlisted maker of colorful plastic bricks reported revenue…
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United Tech to buy Rockwell Collins for $30 billion, combine aerospace operations
[ad_1] (Reuters) – Aerospace supplier United Technologies Corp (UTX.N) has struck a $30 billion agreement to buy avionics and interiors maker Rockwell Collins Inc (COL.N), the companies said on Monday, in a deal that bulks…
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WTO reverses Boeing 777X tax credit ruling in blow to EU
[ad_1] PARIS/GENEVA (Reuters) – The World Trade Organization has reversed a ruling that Boeing (BA.N) received prohibited support for its newest aircraft, dealing a blow to the European Union in its long-running row with the…
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Texas edges closer to recovery after Harvey as key pipeline restarts
[ad_1] HOUSTON (Reuters) – The U.S. Gulf Coast moves closer to recovery from Hurricane Harvey on Monday when the biggest American fuel system restarts a key segment shut down by devastating rains and officials weigh…
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Yen, bonds and gold rally after North Korea tests nuke
[ad_1] SYDNEY (Reuters) – The Japanese yen, gold and sovereign bonds all rose early on Monday as North Korea’s latest nuclear test provoked the usual knee-jerk shift to safe havens, while futures pointed to a…