Business

  • Shares tap brakes, dollar reverses as Fed nears

    [ad_1] LONDON (Reuters) – Record-high world stocks paused on Tuesday and the dollar dipped, as investors waited for signals from the Federal Reserve on when it will start shrinking its balance sheet and nudge up…

  • CBS raises bid for Australia's Ten Network

    [ad_1] SYDNEY (Reuters) – CBS Corp (CBS.N) has sweetened its bid for Australian broadcaster Ten Network Holdings Ltd (TEN.AX), ahead of a key creditors’ vote later on Tuesday on the future of the company. CBS,…

  • Honda invests $267 million, to add 300 jobs for new Accord model

    [ad_1] DETROIT (Reuters) – Honda Motor Co Ltd (7267.T) said on Monday its has invested $267 million and will add 300 new jobs to support increased production of its revamped 2018 Accord sedan model at…

  • U.S. trial set to begin for ex-HSBC executive in foreign exchange scheme

    [ad_1] NEW YORK (Reuters) – A former high-ranking HSBC Holdings Plc (HSBA.L) executive from Britain on Monday will become the first person to go to trial on charges stemming from a U.S. probe into foreign…

  • Northrop Grumman nears deal to purchase Orbital ATK: source

    [ad_1] NEW YORK (Reuters) – U.S. defense contractor Northrop Grumman Corp (NOC.N) is poised to announce a purchase of missile and rocket maker Orbital ATK Inc (OA.N) as soon as Monday, a person familiar with…

  • Volkswagen is 'second mover' in electric commercial vehicles: executive

    [ad_1] FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) is a “second mover” in electrified commercial vehicles, after lagging companies such as Tesla (TSLA.O) and Deutsche Post DHL (DPWGn.DE) in putting them on the road, the head of…

  • Real Madrid adds luster to China's wannabe 'Orlando' tourist hub

    [ad_1] HENGQIN, China (Reuters) – Just a stone’s throw across a narrow waterway from the world’s largest gambling hub Macau, a former oyster farming island is being transformed into China’s newest tourism haven. Dubbed by…

  • Trump move to block chipmaker deal bad for America – Xinhua

    [ad_1] SHANGHAI (Reuters) – U.S. President Donald Trump’s decision to block a Chinese-backed firm from buying a U.S.-based chipmaker this week is detrimental to America’s growth and the global economy, China’s state news agency Xinhua…

  • Ant Financial to try again for U.S. approval of MoneyGram deal: source

    [ad_1] (Reuters) – Chinese payments company Ant Financial is planning to resubmit its application for U.S. review of its deal to buy MoneyGram International Inc (MGI.O) for $1.2 billion, a source familiar with the matter…

  • Toys 'R' Us mulls bankruptcy filing: Wall Street Journal

    [ad_1] (Reuters) – Toys ‘R’ Us Inc could file for bankruptcy in the coming weeks as pressure from skittish suppliers intensifies, the Wall Street Journal reported on Friday, citing people familiar with the matter. The…

  • Exclusive: AT&T weighs divestiture of Latin American TV assets – sources

    [ad_1] (Reuters) – AT&T (T.N) is evaluating a sale of its pay TV operations in Latin America as it seeks to pay down debt following its planned $85.4 billion acquisition of Time Warner Inc (TWX.N),…

  • Wall Street hits record high, S&P 500 teases 2,500-mark

    [ad_1] (Reuters) – Wall Street touched intra-day record highs on Friday, with the S&P 500 approaching the 2,500 mark as technology stocks bounced back after two days of declines. The S&P 500 information technology sector…

  • North Korea missile test leaves stocks unimpressed; yen wilts

    [ad_1] LONDON (Reuters) – Traders paid little attention to the latest missile test by North Korea on Friday, with shares and other risk assets barely moving, gold lower and focus rapidly returning to when and…

  • Alphabet talks with Lyft about possible investment: source

    [ad_1] SAN FRANCISCO (Reuters) – Alphabet Inc (GOOGL.O) is in discussions with Lyft Inc about a possible investment in the ride-hailing company, potentially deepening an existing partnership between the two firms, a person familiar with…

  • Lawsuit accuses Google of discriminating against women in pay, promotions

    [ad_1] (Reuters) – Three female former employees of Alphabet Inc’s (GOOGL.O) Google filed a lawsuit on Thursday accusing the tech company of discriminating against women in pay and promotions. The proposed class action lawsuit filed…

  • UK confirms Murdoch's Sky bid will be examined over broadcasting standards

    [ad_1] LONDON (Reuters) – Rupert Murdoch’s planned $15 billion takeover of European broadcaster Sky (SKYB.L) will be referred to regulators over concerns about broadcasting standards, Britain’s Culture and Media Secretary Karen Bradley said on Thursday.…

  • Asia stocks steady, soft China data taken in stride

    [ad_1] TOKYO (Reuters) – Asian stocks held steady on Thursday, consolidating after touching their highest in a decade and appeared to take in stride a burst of Chinese data which undershot market expectations. That took…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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,…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…