(Reuters) - U.S. stock futures pointed to another dip at the open for Wall Street on Tuesday, halting two days of gains that had somewhat cooled investor nerves about a burgeoning market correction. [Source]
SHANGHAI (Reuters) - China's tech giants Alibaba Group Holding Ltd and Tencent Holdings Ltd , worth a combined $1 trillion, are on a retail investment binge, forcing merchants to choose sides amid a battle for shoppers' digital wallets.
SEOUL (Reuters) - South Korean President Moon Jae-in said on Monday General Motors Co's (GM) decision to shut down a factory south of Seoul will hurt that region, and called upon his administration to take measures to boost economic activity there.
MUMBAI/NEW DELHI (Reuters) - Indian investigators closed down a branch of a state-run bank that is at the heart of a $1.77 billion fraud and questioned more of its employees as they probed the biggest scam in the country's banking history, police sources said on Monday.
TOKYO (Reuters) - Asian shares gained on Monday, joining a global recovery for equity markets as sentiment improved gradually from a recent shakeout that was sparked by fears of creeping inflation and higher borrowing costs.
NEW DELHI (Reuters) - India's federal police has sealed the Mumbai branch of Punjab National Bank at the center of a $1.77 billion loan fraud involving billionaire jeweler Nirav Modi, state television said on Monday.
MELBOURNE, Feb 19 (Reuters) - London metals started the week lower on Monday as a resurgent dollar dragged down prices from one-month highs hit the session before and the Lunar New Year holidays reduced liquidity. FUNDAMENTALS * COPPER: London Metal Exchange copper had slipped by 0.6 percent to $7,189 a tonne by 0104 GMT, erasing small gains from the previous session when prices hit the highest since Jan. 15 at $7,253. Volumes were exceptionally light across the complex with
TOKYO (Reuters) - Asian shares ticked up on Monday, joining a global recovery for equity markets as sentiment improved gradually from a recent shakeout that stemmed from fears of creeping inflation and higher borrowing costs.
TOKYO (Reuters) - Japan's Mizuho Financial Group Inc sees a pickup in overseas lending after a slowdown last year in the United States, where a recently enacted corporate tax cut is widely expected to spur mergers and acquisitions (M&As).
PARIS (Reuters) - French couture house Chanel has taken a minority stake in London-based online retailer Farfetch, the companies said on Monday, as part of a tie-up to develop digital services such as chats to connect the label's clients with store assistants.
Former Trump presidential campaign aide Rick Gates has agreed to testify against former Trump campaign chairman Paul Manafort and will plead guilty to fraud related charges, according to the Los Angeles Times.
TOKYO (Reuters) - Japan's Mizuho Financial Group Inc sees a pickup in overseas lending after a slowdown last year in the United States, where a recently enacted corporate tax cut is widely expected to spur mergers and acquisitions (M&As).
NEW YORK (Reuters) - Bond investors, who have been on edge over signs of growing inflation and a possibly more aggressive Federal Reserve, will have their work cut out for them as the U.S. government seeks to sell $258 billion worth of debt this coming week.
DUBAI/KHOBAR, Saudi Arabia (Reuters) - Saudi Arabia's cabinet has approved a bankruptcy law, sources familiar with the matter said on Sunday, giving a boost to efforts to make the kingdom more enticing to investors.
MUMBAI (Reuters) - India's Reliance Industries Ltd and global technology companies will invest 600 billion rupees ($9.34 billion) over 10 years to set up an integrated industrial area in the western state of Maharashtra, the company's chairman Mukesh Ambani said.
MUNICH (Reuters) - Prime Minister Benjamin Netanyahu said on Sunday that Israel would act against Iran, not just its allies in the Middle East, if needed, reiterating his country's position that Tehran was the world's greatest threat.
MUNICH (Reuters) - Saudi Arabia on Sunday welcomed a draft United Nations resolution offered by Britain, the United States and France that would condemn Iran for failing to stop its ballistic missiles from falling into the hands of Yemen’s Houthi group.
BERLIN (Reuters) - U.S. investigators probing Mercedes maker Daimler have found that its cars were equipped with software which may have help them to pass diesel emissions tests, a German newspaper reported on Sunday, citing confidential documents.
(Reuters) - U.S. semiconductor company Qualcomm Inc should try to negotiate a sale to Broadcom Ltd following the latter's sweetened $121 billion offer, proxy advisory firm Institutional Shareholder Services Inc (ISS) said.
EIBAR (Reuters) - Barcelona got back to winning ways on Saturday after two consecutive draws, earning a 2-0 victory at Eibar thanks to goals from Luis Suarez and Jordi Alba to move 10 points clear at the top of the Liga standings.
WILMINGTON, Del. (Reuters) - Takata Corp's U.S. unit received court approval for its bankruptcy exit plan, a plaintiffs' law firm said on Saturday, clearing the way for a $1.6 billion sale of Takata assets and providing compensation for those injured by the company's deadly air bags.
NEW DELHI (Reuters) - Indian banks could take a hit of more than $3 billion from loans and corporate guarantees provided to diamond companies at the center of a massive alleged fraud at the state-run Punjab National Bank, the tax department has estimated.
Special counsel Robert Mueller's office dropped more potentially damning details -- from an allegation of "additional criminal conduct" to personal financial troubles -- in a response to Paul Manafort's request to change his bail proposal on Friday.
NEW YORK (Reuters) - U.S. stock markets are unlikely to return to the unusually calm conditions seen last year, even though equities have already recovered more than half the ground lost in the recent selloff and traders have rapidly dialed down fear.
CHICAGO (Reuters) - U.S. grain merchant Archer Daniels Midland Co has settled a lawsuit with Syngenta over the seed company's launch of a biotech corn strain that roiled grain exports to China, according to regulatory documents filed on Friday.
WASHINGTON (Reuters) - The U.S. Department of Justice on Friday moved to prevent AT&T Inc from arguing that politics played a role in the government's decision to stop its merger with Time Warner Inc , a deal that President Donald Trump had publicly criticized.
NEW YORK (Reuters) - The S&P 500 ended marginally higher on Friday and closed out its fastest-climbing week since 2013, although it surrendered most of its earlier gain for the day after a U.S. grand jury indicted several Russians for meddling in the 2016 presidential election.
SAN FRANCISCO (Reuters) - Some potential buyers of Tesla's long-delayed Model 3 sedan are concerned that they will miss out on big federal tax breaks and are looking for alternatives, including General Motors Co's Chevrolet Bolt, according to postings by would-be Tesla buyers on websites and interviews with GM dealers.
(Reuters) - Qualcomm Inc on Friday called a meeting with Broadcom Ltd to discuss the latter's $121 billion bid constructive and opened the door to more talks, but continued to reject the proposed deal between the semiconductor companies.
MUNICH (Reuters) - The head of Airbus's defense unit criticized Germany on Friday for not spending more on defense and said the new coalition agreement's call for a tougher approach to arms exports could prompt the weapons maker to re-examine its business plans.
(Reuters) - Uber Technologies [UBER.UL] is preparing to sell its Southeast Asia ride-hailing business to Singapore-based Grab in return for a substantial stake in the company, CNBC reported, citing two sources familiar with the matter.
BRUSSELS (Reuters) - A Belgian court threatened Facebook on Friday with a fine of up to 100 million euros ($125 million) if it continued to break privacy laws by tracking people on third-party websites.
NEW YORK (Reuters) - General Electric Co was sued on Friday by a shareholder who accused the conglomerate of concealing mounting insurance liabilities and a U.S. Securities and Exchange Commission probe, costing shareholders tens of billions of dollars.
WILMINGTON, Del (Reuters) - A lawyer for Takata Corp's U.S. business, bankrupted by a recall of faulty air bags, indicated on Friday that the company is on the verge of receiving court approval for its reorganization and $1.6 billion sale of its non-air bag businesses.
NEW YORK, Feb 16 (Reuters) - Global stocks rose on Friday and were set for their best week in six years as strong corporate earnings offset concerns about rising inflation and interest rates, while the U.S. dollar edged higher from a three-year low against major currencies.
(Reuters) - U.S. stocks rose on Friday, led by gains in technology and healthcare stocks, putting the main indexes on course for strong weekly gains as they bounced back from a brutal selloff earlier this month.
LOS ANGELES (Reuters) - Starbucks Corp said on Friday that Adam Brotman, who spearheaded the coffee shop chain's successful digital initiatives including mobile ordering and its loyalty program, is leaving for an executive position at J. Crew.
(Reuters) - Coca-Cola Co reported better-than-expected quarterly profit and sales on Friday as it sold more teas, coffees and vitamin water, offsetting sluggish sales of fizzy drinks, sending its shares up as much as 2 percent.
NEW YORK (Reuters) - Citigroup Inc raised Chief Executive Officer Michael Corbat's annual compensation by 48 percent to $23 million for 2017, a year in which the bank made more money from operations but still fell short of earlier targets.
(Reuters) - Qualcomm Inc is open to discussing a buyout offer from Broadcom Ltd that "reflects the true value" of the chipmaker and better addresses its concerns about potential regulatory hurdles to a deal, the company said on Friday.
(Reuters) - Fiat Chrysler Automobiles NV's U.S. unit said on Friday it would recall about 228,508 trucks in the United States, Canada, Mexico and some other markets to prevent drivers from unintentionally shifting their vehicles out of "park."
LONDON (Reuters) - Taxi service Uber [UBER.L], battling to retain its license to operate in the British capital, said on Friday it would introduce new safety features, including 24-hour telephone support for riders and drivers.
(Reuters) - U.S. stock futures rose on Friday, set to build on a rally that has lasted five straight days as investors shrug off inflation fears and focus on growth in the economy and corporate profits.
SEOUL (Reuters) - Only weeks into a new job heading General Motors Co's international operations, Barry Engle flew into a frigid South Korea in January and held a series of meetings with government officials to discuss the future of GM's loss-making local unit.
MUMBAI (Reuters) - Walmart Inc is in talks to purchase a stake of more than 40 percent in Indian e-commerce firm Flipkart, a direct challenge to Amazon.com Inc in Asia's third-largest economy, two sources familiar with the matter said on Friday.
TOKYO, Feb 16 (Reuters) - Net selling of Japanese stocks by foreign investors last week hit the highest since China's stock market crash in 2015, as a sharp sell-off on Wall Street triggered a global flight from riskier assets, exchange data showed.
TORONTO/MELBOURNE (Reuters) - As shareholders push the world's cash-rich miners to maintain lush dividends and make the most of existing assets, Glencore is taking a slightly different tactic that positions it for shrewd acquisitions.
MEXICO CITY (Reuters) - When a Mexican real estate investment trust bought four hotels along the country's Gulf coast operating under the Marriott, Quality Inn and Fiesta Inn brands, it expected the government's recent energy reform to attract droves of oil executives, engineers and technicians.
MAGNITOGORSK, Russia (Reuters) - Unknown hackers stole 339.5 million rubles ($6 million) in an attack on the SWIFT international payments messaging system in Russia last year, the Russian central bank said on Friday.
Feb 16 (Reuters) - Britain's FTSE 100 index is seen opening 30 points higher at 7,264.8 on Friday, according to financial bookmakers. * VIRGIN MONEY: Virgin Money formed a rare female chair and chief executive team among Britain's top 350 listed companies by hiring former HSBC HSBA.L executive Irene Dorner as chairwoman. * TULLOW OIL: British oil firm Tullow oil has picked electrical engineer and businessman Kweku Awotwi as the new head of its Ghana operations after the retirem
TOKYO (Reuters) - Asian shares rose for a fifth straight day on Friday as investor confidence slowly returns after a sharp sell-off earlier in the month, but the dollar continued its descent, hitting a three-year low against a basket of major currencies.
TOKYO (Reuters) - Asian shares extended their recovery from two-month lows into a fifth day on Friday as the Wall Street market volatility gauge fell, while the U.S. dollar was undermined by various worries including rising inflation.
(Reuters) - U.S. regulators on Thursday rejected the sale of the Chicago Stock Exchange (CHX) to a group led by China-based investors, in part because they were unable to get enough information on some of the proposed buyers and the sources of their funds.
LONDON (Reuters) - Revenues at the world's 12 biggest investment banks fell to their lowest levels since 2008 last year, a survey showed on Friday, while a return to more volatile global markets in 2018 could be a mixed blessing for their business.
(Reuters) - U.S. industrial conglomerate General Electric has reached a deal to sell parts of its overseas lighting business to a company controlled by former executive Joerg Bauer for an undisclosed amount.
(Reuters) - Media company CBS Corp CBS.N, which is exploring a merger with Viacom Inc , topped quarterly revenue and profit estimates on Thursday, driven by strong growth in domestic and international licensing sales.
NEW YORK (Reuters) - Bitcoin rose above $10,000 on Thursday for the first time in more than two weeks, as investors bought back the digital currency after having fallen 70 percent from its all-time peak hit in mid-December.
WASHINGTON (Reuters) - Amazon.com Inc will pay a $1.2 million penalty to settle nearly 4,000 alleged violations of U.S. law in a move to prevent harmful exposure to pesticides through illegal sales, the U.S. Environmental Protection Agency said on Thursday.
(Reuters) - Swiss drugmaker Roche Holding AG said on Thursday it would buy the rest of the privately held U.S. cancer data company Flatiron Health Inc for $1.9 billion to speed up development and delivery of breakthrough medicines for cancer patients.
(Reuters) - Wall Street surged on Thursday to notch its fifth straight session of gains, led by Apple and other technology stocks as investors shrugged off recent inflation worries that sent the market into a sell-off at the start of the month.
WASHINGTON (Reuters) - Former White House adviser Steve Bannon met with Special Counsel Robert Mueller's investigators for two days this week, even as he frustrated lawmakers by refusing to answer many questions posed by the U.S. House Intelligence Committee on Thursday.
(Reuters) - Boeing Co is "getting closer" to a deal with Brazilian aircraft maker Embraer , the U.S. plane maker's Chief Executive Officer Dennis Muilenburg said in an interview with CNBC television on Thursday.
OTTAWA (Reuters) - Boeing Co , locked in a trade dispute with the Canadian government, has applied to stay in the race to supply Canada with 88 new fighter jets, three well-placed sources said on Thursday.
CAIRO (Reuters) - Egypt's state security prosecutor on Thursday remanded for questioning a former Islamist presidential candidate who was detained over alleged contacts with the banned Muslim Brotherhood, state news agency MENA said.
(Reuters) - Caterpillar Inc said on Thursday it was vigorously contesting the $2.3 billion tax and penalties for certain years proposed by the U.S. Internal Revenue Service and that the case would not have a material impact on its finances and operations.
WASHINGTON (Reuters) - The U.S. Justice Department has reached a $613 million settlement with U.S. Bancorp over charges that it willfully failed to have an adequate anti-money-laundering program, the department said on Thursday.
WASHINGTON (Reuters) - President Donald Trump's travel ban targeting people from six Muslim-majority countries violates the U.S. Constitution by discriminating on the basis of religion, a federal appeals court ruled on Thursday in another legal setback for the policy.
(Reuters) - Global package delivery company FedEx Corp said on Thursday it has secured some of the customer identification records that were visible earlier this month on an unsecured server, and so far has found no evidence that private data was "misappropriated."
WASHINGTON (Reuters) - The Federal Communications Commission inspector general will investigate whether its chairman was biased in favor of Sinclair Broadcast Group Inc , which is seeking approval from the watchdog for a $3.9 billion acquisition of Tribune Media Co , a member of Congress said on Thursday.
NEW YORK (Reuters) - Billionaire investor Steven A. Cohen asked a U.S. judge to force a female executive to arbitrate her claims that his firm, Point72 Asset Management LP, maintains a hostile working environment where women are mistreated and paid less than men.
TORONTO (Reuters) - Thomson Reuters Corp Chairman David Thomson urged the company's board of directors to seek better terms for its $17 billion sale of a large chunk of its business to Blackstone Group LP , the Wall Street Journal reported on Thursday, citing people close to the deal.
MONTREAL (Reuters) - Bombardier Inc Chief Executive Alain Bellemare on Thursday described a U.S. trade agency's explanation for why it rejected hefty duties on the company's CSeries jet sales to American carriers as very "good news."
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rebounded from a near 45-year low last week, but remained below a level that is associated with a tightening labor market.
SEATTLE (Reuters) - XPO Logistics Inc said on Thursday it expects to make or manage 750,000 deliveries of bulky goods like flat-screen televisions and furniture to homes in Europe in 2018, as the U.S.-based company dips its toe into a crowded and fast-growing market.
LONDON/FRANKFURT/NEW YORK (Reuters) - Bridgewater has shown its hand in Europe with a $22 billion bet against some of the continent's biggest companies, filings reviewed by Reuters show, part of a bigger shift by the world's largest hedge fund manager.
BERLIN (Reuters) - Volkswagen is looking at Apple products for guidance on how to style its new generation of electric cars, its top designer said, as the automaker aims to turn profits on battery-powered vehicles when they launch in 2020.
(Reuters) - Wall Street was set to open higher on Thursday, reclaiming further ground ceded during last week's sell-off, as investors brushed aside inflation data and preferred stocks over bonds for the fifth day in a row.
PARIS (Reuters) - Airbus took a 1.3 billion euro ($1.6 billion) hit on its delayed A400M military transport plane, lifting charges on Europe's troubled defense project above 8 billion euros and clouding higher than expected underlying profits and cash.
LOS ANGELES (Reuters) - McDonald's Corp is removing cheeseburgers from U.S. Happy Meal menus and shrinking the french fry serving in one "Mighty Meal" as part of a new global plan to cut calories and make its food for children more healthy.
SINGAPORE (Reuters) - Just over a year into production cuts lead by OPEC and Russia, oil markets in Asia have tightened noticeably as significant amounts of excess crude have been taken off tankers used for storage and delivered to customers across the region.
It was a slightly lazy afternoon. I had had a busy week at work and hadn't managed to get the kids Valentine's cards. I had left for work early and hadn't seen them and so I thought I'd run to the store quickly, pick up the dog from her "daycare," and meet the kids at home.
TOKYO (Reuters) - Asian stocks rose on Thursday after Wall Street brushed aside strong U.S. inflation data and surged, in a move that also saw the dollar pinned to two-week lows even as Treasury yields jumped in anticipation of more rapid U.S. interest rate hikes.
PARIS (Reuters) - Airbus on Thursday took a 1.3 billion euros ($1.6 billion) writedown on its A400M military transport plane, lifting cumulative charges on Europe's troubled defense project above 8 billion euros and clouding higher-than-expected underlying profits.
BEIJING (Reuters) - Chinese telecoms equipment group ZTE Corp hit back on Thursday against concerns from U.S. lawmakers that it is a vehicle for Chinese espionage, saying it was a trusted partner of its U.S. customers, state news agency Xinhua reported.
TOKYO (Reuters) - Asian stocks gained on Thursday after Wall Street brushed aside strong U.S. inflation data and surged, in a move that also saw the dollar pinned at two-week lows even as Treasury yields jumped in anticipation of more rapid U.S. interest rate hikes.
TOKYO (Reuters) - Asian stocks gained on Thursday after Wall Street brushed aside strong U.S. inflation data and surged, a counterintuitive move that also saw the dollar pinned at two-week lows even as Treasury yields jumped in anticipation of a quicker pace of U.S. interest rate hikes.
MONTREAL/WASHINGTON (Reuters) - An independent U.S. trade body on Wednesday said it rejected hefty U.S. duties on Bombardier's CSeries jets partly because Boeing lost no sales or revenue when Delta Air Lines ordered the aircraft in 2016 from the Canadian planemaker.
BOSTON (Reuters) - Wall Street investors were so convinced that Hunter Harrison could turn around railroad CSX Corp that the company lost $4 billion in market value when the former CEO took a medical leave in December and died only a few days later.
(Reuters) - Qualcomm Inc said on Wednesday it met with Broadcom Ltd earlier in the day to discuss the latter's revised $121 billion bid, the first time the chipmakers have discussed what would be the technology sector's largest ever acquisition.
(Reuters) - Cisco Systems Inc reported its first rise in quarterly revenue in more than two years and forecast upbeat current-quarter profit, as the network gear maker's years-long efforts to transform into a software-focused company begins to pay off.
(Reuters) - Warren Buffett's Berkshire Hathaway Inc on Wednesday disclosed a new stake in generic drugmaker Teva Pharmaceutical Industries Ltd and said it bought more shares of Apple Inc , which surpassed Wells Fargo & Co as its largest common stock investment.
(Reuters) - Cisco Systems Inc reported its first rise in quarterly revenue in more than two years, which also topped analysts' estimates, as the network gear maker's years-long efforts to transition to a software-focused company begins to take hold.
(Reuters) - Warren Buffett's Berkshire Hathaway Inc on Wednesday said it has taken a new stake in Teva Pharmaceutical Industries Ltd , significantly boosted its holdings of Apple Inc and has nearly shed a less successful investment in IBM Corp .
(Reuters) - Marriott International Inc reported a 7.7 percent rise in fourth-quarter revenue as more people booked its rooms at higher prices, helping the company reaffirm its 2018 forecast for a key performance metric.
(Reuters) - Bank shares soared on Wednesday as investors bet rising inflation would push up interest rates and boost bank profits, and analysts forecast yet more gains from strong economic growth and...
(Reuters) - Charlie Munger, the longtime business partner of fellow billionaire Warren Buffett, said on Wednesday it is time for regulators to "let up" on Wells Fargo & Co , which will end up "better off" as it corrects a series of mistakes in how it treated banking customers.
LONDON (Reuters) - More banks are poised to join a $14 billion financing backing U.S. private equity firm Blackstone Group’s acquisition of a majority stake in the Financial and Risk business of Thomson Reuters Corp , banking sources said on Wednesday.
WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin told lawmakers on Wednesday that sanctions against wealthy Russians in retaliation for Moscow's meddling in the 2016 U.S. presidential election would be released shortly.
WASHINGTON (Reuters) - U.S. consumer prices rose more than expected in January as Americans paid more for gasoline, rental accommodation and healthcare, raising pressure on new Federal Reserve chief Jerome Powell to prevent a possible overheating of the economy.
NEW YORK, Feb 14 (Reuters) - U.S. debt prices fell on Wednesday after a spike in U.S. consumer prices in January raised expectations the Federal Reserve may quicken the pace of interest rate hikes, while global stocks rose as investors took a longer view of inflation.
WASHINGTON (Reuters) - U.S. consumer prices rose more than expected in January, with a measure of underlying inflation posting its biggest gain in a year, strengthening expectations the Federal Reserve will have to quicken the pace of interest rate increases this year.
(Reuters) - U.S. stocks reversed course to trade marginally higher on Wednesday as investors digested stronger-than-expected inflation data and a surprise drop in January retail sales, which shifted the focus from rising inflation to the prospect of stagflation.
LONDON/MOSCOW (Reuters) - Russia's En+ Group has invited international banks to pitch for the sale of $1 billion(721.60 million pounds) of shares in the company that manages the aluminum and hydropower businesses of Russian businessmen Oleg Deripaska, three sources said.
BERLIN (Reuters) - With inflation paramount in investors' minds at a time of rising wages and oil prices, the line separating winners and losers in the global airline industry this year looks likely to be drawn on how well they manage costs, especially on the labor side.
LONDON (Reuters) - Hedge fund Polygon Global Partners, which is an investor in Sky , said the outcome of the English Premier League soccer rights auction supported its view that the takeover by Twenty-First Century Fox undervalues the British company.
(Reuters) - Chipotle Mexican Grill Inc shares jumped more than 11 percent premarket on Wednesday, as analysts called its recruitment of Taco Bell chief executive Brian Niccol a potentially "transformational moment" after two years of brand-crushing food-safety scandals.
WASHINGTON (Reuters) - U.S. consumer prices rose more than expected in January, with a measure of underlying inflation posting its biggest gain in a year, strengthening expectations that price pressures will accelerate this year and prompt a faster pace of interest rate increases from the Federal Reserve.
(Reuters) - U.S. stock reversed course to trade half a percent lower on Wednesday after data showed consumer prices rose more than expected in January, with a measure of underlying inflation posting its biggest gain in a year.
(Reuters) - Apple Inc is in talks to buy storage chips from Yangtze Memory Technologies, a move that would mark the iPhone maker's first buy from a Chinese memory chipmaker, the Nikkei reported on Wednesday.
GUNSAN/SEOUL (Reuters) - General Motors' workers at a South Korean plant staged a protest on Wednesday against its planned closure, calling the move by the U.S. automaker a "death sentence", and threatening a strike.
LONDON, Feb 14 (Reuters) - Emerging stocks extended their rally for a third day and a weaker dollar lifted currencies ahead of a key U.S. inflation report on Wednesday while South Africa investors were poised for the next twist in the saga over President Jacob Zuma's future.
LONDON (Reuters) - The dollar slid to a 15-month low against the yen on Wednesday, while world stock markets found firmer ground ahead of U.S. inflation numbers that could soothe, or inflame, fears of faster interest-rate hikes globally.
TOKYO (Reuters) - Toshiba Corp appointed a former banker experienced in dealing with distressed companies as CEO, and forecast its first annual profit in four years, helped by a buoyant chip business that it has agreed to sell.
GUNSAN/SEOUL (Reuters) - General Motors' (GM) workers at a South Korean plant staged a protest on Wednesday against its planned closure, calling the move by the U.S. automaker a "death sentence", and threatening a strike.
FRANKFURT (Reuters) - U.S. authorities are investigating whether Credit Suisse hired referrals from government agencies and state entities in Asia in exchange for investment banking business and regulatory approvals, the Swiss bank said on Wednesday.
LOS ANGELES (Reuters) - The United States government doubled its financial support for solar power projects overseas last year under a climate-friendly investment policy written in the last days of the Obama administration, according to a Reuters review of government documents.
TOKYO (Reuters) - Toshiba Corp appointed a former banker from a key creditor bank as CEO and forecast its first annual profit in four years, making progress in its efforts to recover from billions of dollars in losses at its U.S. nuclear unit Westinghouse.
WASHINGTON (Reuters) - U.S. consumer prices likely increased solidly in January, boosted by rising gasoline and rents, but annual inflation growth is expected to have slowed as the large price gains from last year drop out of the calculation.
(Reuters) - Warehouse chain Sam's Club, a unit of Walmart Inc, said on Wednesday it will consolidate its membership structure for customers and improve its e-commerce offerings by adding free shipping and opening more e-commerce warehouses this year.
SEOUL (Reuters) - Workers at a General Motors (GM) plant in South Korea that the U.S. automaker plans to close staged a protest on Wednesday, saying the decision was a "death sentence" that had not been discussed with unions.
(Reuters) - Restaurant workers in seven U.S. cities on Tuesday lobbied state and local lawmakers to combat sexual harassment in the industry by shifting from the $2.13 federal minimum wage for tipped employees to a higher "fair" wage.
MEXICO CITY (Reuters) - The United States broke ground on a new $943 million embassy in Mexico City on Tuesday, a move hailed by officials from both countries as a win for diplomacy after months of tension over President Donald Trump's plan to build a tall border wall.
NEW YORK (Reuters) - A decision on the sale of SkyBridge Capital LLC, owned by former White House communications director Anthony Scaramucci, to a consortium that includes Chinese conglomerate HNA Group [HNAIRC.UL] should be made by the end of February, the firm's chief investment officer said on Tuesday.
(Reuters) - Chipotle Mexican Grill Inc has hired Brian Niccol, known for bringing "Doritos Locos Tacos" and mobile ordering to Taco Bell, as its next chief executive to turnaround the once red-hot burrito chain that has been battered by food safety lapses.
SYDNEY (Reuters) - Asian shares were set for a tense session on Wednesday as investors await readings on U.S. inflation that could fan fears of faster rate hikes and unleash another burst of global volatility.
NEW YORK (Reuters) - Merck & Co Inc on Tuesday said it will end another late-stage trial of an Alzheimer's drug because it was unlikely to work, adding to the pile-up of failures to find an effective treatment for the mind-wasting disease.
JERUSALEM (Reuters) - Israeli police on Tuesday recommended indicting Prime Minister Benjamin Netanyahu for bribery in two criminal investigations but the Israeli leader, calling the allegations baseless, vowed to remain in office.
(Reuters) - Broadcom Ltd cut the number of board seats it was trying to win at Qualcomm Inc to six from 11 on Tuesday, saying this would let Qualcomm shareholders push the U.S. chip maker toward a sale while ensuring continuity.
WILMINGTON, Del. (Reuters) - A group of 13 automakers will contribute as much as $130 million to compensate those injured by faulty Takata Corp air bag inflators as part of a deal to resolve the Japanese company's bankruptcy, a U.S. plaintiffs' attorney told Reuters.
SAN FRANCISCO (Reuters) - Twitter Inc Chief Executive Jack Dorsey said on Tuesday that he saw value in the social media network remaining an independent company, downplaying recent speculation by analysts that it could be an acquisition target.
NEW YORK (Reuters) - Blue Apron Holdings Inc said on Tuesday it could break even on a key measure of profitability earlier than Wall Street analysts had expected, fueling a brief surge in the meal-kit maker's shares.
NEW YORK (Reuters) - Wall Street climbed on Tuesday for a third straight session, buoyed by Amazon.com and Apple , while investors focused on inflation data on Wednesday that could upset the market's fragile recovery - or clear the way for more gains.
(Reuters) - A Wall Street regulator is probing into whether prices linked to the Cboe Volatility Index have been manipulated, the Wall Street Journal reported on Tuesday, citing people with knowledge of the matter.
(Reuters) - Apple Inc Chief Executive Tim Cook downplayed a suggestion that the company might issue a special dividend to shareholders with some of the $285 billion in cash that the company is now able to bring back from overseas.
(Reuters) - Apple Inc shareholders at an annual meeting on Tuesday defeated two shareholder proposals: one asking the company to ease its rules for letting shareholders nominate directors to the board and another asking Apple to form a human rights commission.
NEW YORK, Feb 13 (Reuters) - U.S. bond yields and world equity markets dipped on Tuesday, ahead of a widely anticipated U.S. inflation report later this week that may provide some indication of the pace of future interest rate hikes by the Federal Reserve.