Business
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Sharp asks U.S. trade body to probe Hisense in patent dispute
[ad_1] TOKYO (Reuters) – Japan’s Sharp Corp (6753.T) said on Wednesday it has requested the U.S. International Trade Commision to investigate Hisense Group Co Ltd, escalating a dispute in which it has accused the Chinese…
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American Express targets debt-leery consumers with new card features
[ad_1] NEW YORK (Reuters) – American Express Co is unveiling a new option that could tempt young, budget-conscious consumers into taking on credit card debt. On Wednesday, the No. 1 U.S. card issuer by spending…
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Alphabet's Google to inform EU antitrust regulators on compliance plan
[ad_1] BRUSSELS (Reuters) – Alphabet unit Google (GOOGL.O) will inform EU antitrust regulators on Tuesday on its plan to comply with an EU order to stop favoring its shopping service, the company said, two months…
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Flooding knocks out U.S. refineries, crude hit by supply disruptions
[ad_1] SINGAPORE (Reuters) – Flooding from tropical storm Harvey caused ongoing large-scale U.S. refinery outages on Tuesday, while crude prices rose on the back of supply disruptions in Colombia and Libya. Refinery shutdowns from the…
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U.S. stock futures fall, yen gains after North Korea fires missile over Japan
[ad_1] TOKYO (Reuters) – U.S. stock futures fell almost one percent and the yen jumped to four-month highs against the dollar in early Asian trade on Tuesday after North Korea fired a missile over northern…
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Fitbit takes aim at Apple with new smartwatch launch
[ad_1] (Reuters) – Wearable device maker Fitbit Inc (FIT.N) on Monday launched its newest device, the Ionic smartwatch, with features ranging from fitness tracking to contactless payment, as it gears up to compete with rivals…
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Gasoline futures surge as Harvey swamps Texas, euro holds at 2-1/2-year high
[ad_1] SINGAPORE (Reuters) – U.S. gasoline futures rose to a two-year high on Monday as Tropical Storm Harvey pummeled the heart of America’s energy sector, while the euro hit a 2-1/2-year peak after the European…
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AIG returns to pre-bailout paydays for CEO, top executives
[ad_1] NEW YORK (Reuters) – American International Group Inc’s (AIG.N) new Chief Executive Brian Duperreault has pledged to revive the insurer’s glory days of top talent, underwriting discipline and fat profit margins. One thing he…
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Fiscal stimulus in downturns is safe even when debt is high: researchers
[ad_1] SAN FRANCISCO (Reuters) – Government spending in a recession can boost a country’s economy without permanently bloating its public debt, even if the debt is already quite large, researchers told an influential group of…
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China's R&F Properties roars back into the spotlight on Wanda deals
[ad_1] HONG KONG (Reuters) – Once the leader of the elite group of developers known as the “Five South China Tigers”, Guangzhou R&F Properties (2777.HK) gradually became overshadowed by bigger beasts, but it’s now back…
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Investors seek gems among unloved small-caps
[ad_1] NEW YORK (Reuters) – U.S. small-cap stocks, highly sensitive to the fate of President Donald Trump’s policy ambitions, may face more selling pressure, leaving small-cap investors scrambling for quality names and more resilient sectors.…
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At Fed conference, Trumponomics draws a not so subtle rebuttal
[ad_1] JACKSON HOLE, Wyo. (Reuters) – President Donald Trump’s name was rarely mentioned as top central bankers and economists spent Friday mulling the fate of the global economy at a mountain lodge here. But his…
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'Worthless' Subway 'Footlong' sandwich settlement is thrown out: U.S. court
[ad_1] (Reuters) – A U.S. appeals court on Friday threw out a class-action settlement intended to resolve claims that the Subway sandwich chain deceived customers by selling “Footlong” subs that were less than a foot…
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Yellen to Trump: don't expect a flip-flop on financial reforms
[ad_1] JACKSON HOLE, Wyo. (Reuters) – Janet Yellen delivered a message to President Donald Trump on Friday, making it clear that if he re-nominates her as Federal Reserve chair she will not turn her back…
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Tyson Foods says it clears SEC probe on alleged chicken pricing
[ad_1] (Reuters) – Meat processor Tyson Foods Inc (TSN.N) said U.S regulators have not recommended any enforcement action after they concluded a probe related to allegations the company fixed chicken prices along with its peers…
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Fiat Chrysler says will always evaluate deal inquiries
[ad_1] MILAN (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) said on Friday it would evaluate any inquiries about potential transactions, but did not have anything to add to its previous comments on reported interest from China’s…
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Amazon to cut Whole Foods prices, escalating grocery turf war
[ad_1] (Reuters) – Amazon.com Inc (AMZN.O) said it will cut prices on a range of popular goods as it completes its acquisition of Whole Foods Market Inc (WFM.O), sending shares of rival grocers tumbling on…
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Wall Street slips ahead of Jackson Hole meet
[ad_1] (Reuters) – U.S. stocks were slightly lower on Thursday morning as caution prevailed ahead of the start of the annual gathering of central bankers at Jackson Hole, Wyoming. Federal Reserve Chair Janet Yellen and…
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Asia stocks brush off Wall St. slide after Trump's comments, dollar revives
[ad_1] SINGAPORE (Reuters) – Asian stocks and the dollar edged up on Thursday, shaking off the risk aversion that gripped financial markets overnight after President Donald Trump threatened to shut down the U.S. government and…
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Uber second-quarter bookings increase, loss narrows
[ad_1] SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] on Wednesday reported a 16 percent increase in quarterly bookings and a smaller loss than the previous period as the ride-services company showed signs of inching…
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U.S. new home sales fall to seven-month low
[ad_1] WASHINGTON (Reuters) – New U.S. single-family home sales unexpectedly fell in July, dropping to their lowest in seven months, which could raise concerns of a slowdown in the housing market recovery. The Commerce Department…
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Mutual funds mark down investments in Uber by as much as 15 percent
[ad_1] NEW YORK (Reuters) – Four mutual fund companies have marked down their investments in Uber Technologies Inc [UBER.UL] by as much as 15 percent following a scandal-ridden year for the ride-hailing company. Uber has…
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Chevron CEO Watson to step down, Wirth likely successor: source
[ad_1] HOUSTON (Reuters) – Chevron Corp Chief Executive John Watson will step down by the end of next month and likely be replaced by Vice Chairman Mike Wirth, a source familiar with the matter told…
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Nestle, Unilever, Tyson and others team with IBM on blockchain
[ad_1] CHICAGO/NEW YORK, (Reuters) – Nestle SA (NESN.S), Unilever Plc (ULVR.L), Tyson Foods Inc (TSN.N) and other large food and retail companies have joined IBM’s (IBM.N) project to explore how blockchain technology can help track…
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Asian shares ride metals gains, stronger Wall Street
[ad_1] TOKYO (Reuters) – Asian shares rose on Tuesday after modest gains on Wall Street, while robust metals prices underpinned some regional markets even as investors remained wary ahead of the annual central banking conference…
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Hedge fund manager Dalio cuts risk amid worries about Washington
[ad_1] BOSTON (Reuters) – Billionaire investor Ray Dalio, who has been expressing concerns about President Donald Trump in recent months, said on Monday he was cutting some of his exposure during a time of growing…
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Hong Kong property investors go trophy hunting in London despite Brexit
[ad_1] LONDON (Reuters) – Chinese investment in London commercial property has more than trebled since before Britain voted to leave the European Union, most of it channeled through Hong Kong at a time of heightened…
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Asian shares fragile as Trump turmoil, Korea tensions weigh
[ad_1] TOKYO (Reuters) – Asian shares were fragile on Monday as investors remained unconvinced about U.S. President Donald Trump’s ability to fulfill his economic agenda, even as the departure of his controversial policy strategist raised…
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Exclusive: Hyundai Motor Group faces government calls to address 'big governance risk'
[ad_1] SEOUL (Reuters) – South Korea’s new antitrust chief said he has been in talks with the autos-to-steel conglomerate Hyundai Motor Group about overhauling its complex ownership structure, which critics say gives too much power…
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Britain will not exclude possible EU oversight of UK borders after Brexit
[ad_1] LONDON (Reuters) – Britain will not rule out the possibility that the European Union may retain oversight of customs controls at UK borders after it leaves the bloc, as the country seeks ways to…





