News
  • Asian shares, oil fall as U.S.-China trade spat escalates
    Mon, 18 Jun 2018 02:21:01 -0400

    TOKYO/SYDNEY (Reuters) - Asian shares fell to a 2-1/2 week low on Monday after U.S. President Donald Trump cranked up trade tensions by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind.

  • Select few emerging Asian economies comfortable with Fed hikes
    Mon, 18 Jun 2018 02:29:02 -0400

    HONG KONG (Reuters) - Higher U.S. rates are rattling many emerging markets in much the same way past tightening cycles did, but the Federal Reserve's hawkishness could also bring cheer for a small group of Asian economies that wouldn't mind seeing their currencies weaken.

  • Goldman sees slightly easier China monetary policy amid trade tiff with U.S
    Mon, 18 Jun 2018 02:52:15 -0400

    SHANGHAI (Reuters) - Goldman Sachs said it expected China to adopt a slightly easier monetary stance in the face of tit-for-tat tariffs between Beijing and Washington that, while likely to have limited immediate impact on the economy, were at risk of escalating.

  • Google to invest $550 million in Chinese e-commerce giant JD.com
    Mon, 18 Jun 2018 00:54:05 -0400

    SINGAPORE (Reuters) - Google will invest $550 million in Chinese e-commerce powerhouse JD.com , part of the U.S. internet giant's efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com .

  • Trump sets tariffs on $50 billion in Chinese goods; Beijing strikes back
    Sat, 16 Jun 2018 03:55:57 -0400

    WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump said he was pushing ahead with hefty tariffs on $50 billion of Chinese imports on Friday, and the smoldering trade war between the world's two largest economies showed signs of igniting as Beijing immediately vowed to respond in kind.

  • Exclusive: Mellanox nears truce with Starboard over board seats - sources
    Sun, 17 Jun 2018 20:42:36 -0400

    NEW YORK (Reuters) - Mellanox Technologies Inc , a chipmaker based in Israel and the United States, is close to reaching a deal with activist investor Starboard Value LP over the composition of its board of directors, people familiar with the matter said on Sunday.

  • Volvo sets goal of 25 percent recycled plastics in cars from 2025
    Mon, 18 Jun 2018 00:07:27 -0400

    OSLO (Reuters) - At least 25 percent of the plastics used in new Volvo car models from 2025 will be from recycled materials, the Chinese-owned company said on Monday in an anti-pollution plan praised by the United Nations.

  • Billionaire Slim, America Movil, could profit from election of Mexican leftist
    Mon, 18 Jun 2018 01:08:19 -0400

    MEXICO CITY (Reuters) - Billionaire Carlos Slim has had harsh words for Mexico's presidential frontrunner, saying recently he is "concerned and afraid" about what leftist Andres Manuel Lopez Obrador might do if elected.

  • Unilever takes stand against digital media's fake followers
    Sun, 17 Jun 2018 18:08:33 -0400

    LONDON (Reuters) - Consumer goods giant Unilever , the world's second-biggest advertiser, is cutting ties with digital media "influencers" that buy followers, saying it wants to help make advertising more transparent.

  • Democrats, activists rally against Trump's family separation policy
    Sun, 17 Jun 2018 22:42:48 -0400

    ELIZABETH, N.J. (Reuters) - Democratic lawmakers joined protesters outside immigration detention facilities in New Jersey and Texas on Sunday for Father's Day demonstrations against the Trump administration's practice of separating children from their parents at the U.S.-Mexico border.

  • China's tariffs on U.S. oil would disrupt $1 billion monthly business
    Mon, 18 Jun 2018 02:34:29 -0400

    SINGAPORE (Reuters) - China's threat to impose duties on U.S. oil imports will hit a business that has soared in the last two years, and which is now worth almost $1 billion per month.

  • Magnitude 6.1 quake in Japan's Osaka area kills three, stops factories
    Mon, 18 Jun 2018 02:19:33 -0400

    TOKYO (Reuters) - A magnitude 6.1 earthquake shook Osaka, Japan's second-biggest metropolis, early on Monday morning, killing three people, halting factory lines in a key industrial area and bursting water mains, government officials and broadcaster NHK said.

  • Police search for van that killed one, injured three at Dutch concert
    Mon, 18 Jun 2018 02:21:23 -0400

    AMSTERDAM (Reuters) - A van struck four people at a Dutch concert in the early hours of Monday morning, killing one and injuring three, hours after R&B artist Bruno Mars had performed, police said.

  • Colombia president-elect vows to unite nation, alter peace deal
    Mon, 18 Jun 2018 01:51:25 -0400

    BOGOTA (Reuters) - Colombia's President-elect Ivan Duque, who swept aside leftist Gustavo Petro in Sunday's election, pledged to unite his South American nation after a divisive campaign but insisted he would change a landmark peace accord with leftist rebels.

  • Select few emerging Asian economies comfortable with Fed hikes
    Mon, 18 Jun 2018 02:29:02 -0400

    HONG KONG (Reuters) - Higher U.S. rates are rattling many emerging markets in much the same way past tightening cycles did, but the Federal Reserve's hawkishness could also bring cheer for a small group of Asian economies that wouldn't mind seeing their currencies weaken.

  • Exclusive: Mellanox nears truce with Starboard over board seats - sources
    Sun, 17 Jun 2018 20:42:36 -0400

    NEW YORK (Reuters) - Mellanox Technologies Inc , a chipmaker based in Israel and the United States, is close to reaching a deal with activist investor Starboard Value LP over the composition of its board of directors, people familiar with the matter said on Sunday.

  • Syria state media says U.S. bombs Syrian positions; U.S. denies report
    Sun, 17 Jun 2018 19:57:41 -0400

    BEIRUT (Reuters) - Syrian state media, citing a military source, reported on Monday that U.S.-led coalition aircraft had bombed "one of our military positions" in eastern Syria, leading to deaths and injuries, but the U.S. military denied carrying out strikes in the area.

  • China's Huawei blasts Australian security concerns amid Sino-Canberra tensions
    Mon, 18 Jun 2018 00:12:24 -0400

    SYDNEY (Reuters) - Chinese telecoms equipment maker Huawei Technologies Co Ltd [HWT.UL] said Australian claims it poses a security risk are "ill-informed" as it published an open letter on Monday that threatens to inflame already heightened Sino-Canberra tensions.

  • Gang shootout at New Jersey arts festival kills one, injures 22
    Mon, 18 Jun 2018 02:51:21 -0400

    (Reuters) - A suspected gunman was shot dead and 22 people were injured on Sunday after a dispute among rival gangs erupted into gunfire at an all-night arts festival in Trenton, New Jersey, officials said.

  • Goodbye ECB Bond-Buying, Hello Forward Guidance
    Thu, 14 Jun 2018 12:47:36 EDT

    The ECB hasn’t finished surprising investors yet. Thursday it brought the end of its massive bond-buying program closer, but pushed any interest-rate increases further out. The more dovish message won, sending the euro sinking against the dollar.

  • Big Tech Already Has the Best Show in Town
    Fri, 15 Jun 2018 15:26:36 EDT

    Tech companies have shown they don’t need to own large media agencies to establish a strong presence in the business.

  • Apple's Display Plan Won't Give Screen Makers Much Relief
    Fri, 15 Jun 2018 09:21:10 EDT

    The iPhone maker is delaying its full transition to a new screen technology, but that won’t help most Asian manufacturers for long.

  • Consumers Are Spending More, in Part Because of Tariffs
    Thu, 14 Jun 2018 12:11:11 EDT

    Americans are starting to spend more of their tax cuts. But some of that increase is due to higher prices on products affected by U.S. tariffs.

  • AT&T-Time Warner Judge Fires Starting Gun in the Battle Against Tech
    Wed, 13 Jun 2018 09:51:00 EDT

    Approval of the deal pushes government to the sidelines and encourages media, tech and telecom companies to find partners to compete against Silicon Valley.

  • World Cup Fever Spells Dull Markets
    Thu, 14 Jun 2018 11:26:14 EDT

    Research has found that trading activity dips significantly during the global soccer tournament as traders focus on the games.

  • Big Banks' Regulatory Bonanza Not as Advertised
    Thu, 14 Jun 2018 11:59:49 EDT

    The largest Wall Street banks have reason to be disappointed with the progress on financial deregulation so far under Trump.

  • Why Investors Should Hold Out for a Sky-High Price
    Thu, 14 Jun 2018 15:09:22 EDT

    A bidding war for Fox doesn’t rule out one for European pay TV leader Sky

  • Size Becomes a Handicap for Global Food Giants
    Thu, 14 Jun 2018 09:38:57 EDT

    Investors like Nestlé, Unilever and Danone for their sales in emerging markets, but size and complexity will make it hard for them to adapt to the food industry’s new trends.

  • Comcast's Big Bid Shouldn't Distract From Regulatory Risks
    Thu, 14 Jun 2018 09:34:47 EDT

    The approval of the AT&T-Time Warner deal doesn’t mean Comcast-Fox would pass muster too, which gives Disney an advantage.

  • U.S. Politics Is the ABC for ZTE
    Wed, 13 Jun 2018 04:45:22 EDT

    China’s ZTE has narrowly escaped death, only to become living proof of the way political risk can dominate a stock’s fortunes. The Hong Kong-listed shares of the Chinese telecom-equipment maker dropped about 40% Wednesday.

  • How Whole Foods Gives Amazon a Boost
    Wed, 13 Jun 2018 13:36:16 EDT

    Amazon’s acquisition of Whole Foods last year freaked out rival supermarkets, but the real surprise is how much the grocery chain has helped Amazon grow.

  • Grocery Chains Are Being Squeezed From All Sides
    Tue, 12 Jun 2018 19:46:55 EDT

    Pressure from rapidly changing consumer tastes, European discounters and Whole Foods will hurt smaller grocery chains most but the big players like Kroger will struggle to grow.

  • The Market That Still Believes in Global Growth
    Tue, 12 Jun 2018 09:11:52 EDT

    If the economic outlook is under threat, why are high-yield bonds doing so well?

  • Xiaomi IPO Gets a Vital Helping Hand From Home
    Tue, 12 Jun 2018 06:36:59 EDT

    Forget Chinese stocks joining MSCI’s indexes: A bigger opening-up is taking place in Chinese markets—for the country’s own technology giants.

  • Will the Fed Set Off a Recession Alarm?
    Mon, 11 Jun 2018 15:16:33 EDT

    The chairman of the Federal Reserve, just four months into his term, could be in the uncomfortable situation this week of signaling that a recession is coming.

  • Xbox Shows Microsoft Playing the Long Game
    Mon, 11 Jun 2018 15:11:37 EDT

    On the surface, Microsoft is lagging behind its big rival in the videogame business. But the company is succeeding where it counts.

  • Stryker Offer May Trigger Billions in Deal Making
    Mon, 11 Jun 2018 16:39:47 EDT

    Whether or not there is ever a deal, the takeover offer made by Stryker for Boston Scientific could trigger a wave of deal making in the generally sleepy medical-device business.

  • Debt and Groceries Are an Unappetizing Mix
    Mon, 11 Jun 2018 06:24:36 EDT

    Groupe Casino’s big debt pile is causing problems as Parisians take to online grocery shopping.

  • Bidding for Fox Will Get Serious After Court Ruling
    Mon, 11 Jun 2018 10:07:43 EDT

    Not so long ago, Rupert Murdoch’s decision to sell the crown jewels of his media company, 21st Century Fox, looked like an acknowledgment that the sun was setting on his reign. Now, as Disney and Comcast prepare to do battle over those coveted assets, Mr. Murdoch looks set to go out in a blaze of glory.

  • Winners in Traditional Retailing Are Also Winning Online
    Fri, 08 Jun 2018 10:50:38 EDT

    Macy’s and Kohl’s are fighting back against Amazon, while Sears and J.C. Penney fall farther behind.

  • Apple and the Art of the Buyback
    Sun, 10 Jun 2018 14:45:09 EDT

    Apple’s share repurchases aren’t only a tax-efficient way to return cash to shareholders, but may help boost demand for the stock during a traditionally weak seasonal period.

  • How Altaba Could Do Alibaba a Favor
    Fri, 08 Jun 2018 05:32:36 EDT

    The U.S.-listed e-commerce giant has the chance to launch a share buyback that would help with its potential listing in China.

  • Why the Frozen-Food Aisle Is Hot Right Now
    Thu, 07 Jun 2018 13:22:08 EDT

    Some savvy food makers are succeeding by refreshing old frozen food brands and taking smart steps to entice health-conscious shoppers.

  • Is Stitch Fix the Netflix of Fashion?
    Thu, 07 Jun 2018 20:15:44 EDT

    The subscription clothing service has defied investor expectations by delivering solid growth. Next up: Stitch Fix for kids.

  • China Inc. Arms Up in Tech With Latest SoftBank Deal
    Wed, 06 Jun 2018 10:16:11 EDT

    The sale of chip designer Arm Holdings’ China unit to a Chinese-led consortium illustrates the challenge the U.S. faces in pushing back against Beijing’s appetite for intellectual property.

  • Allergan Needs a New Wrinkle
    Wed, 06 Jun 2018 22:42:20 EDT

    Activist hedge funds are making a strong case to change Allergan’s corporate governance.

  • How Food Companies Can Buy Their Way to Growth
    Fri, 08 Jun 2018 12:41:44 EDT

    The best advice for food company CEOs looking for growth: Buy what you know, don’t lean too much on cost-cutting and watch out for quickly changing consumer tastes.

  • The Treasury Market Is Having a Senior Moment
    Wed, 06 Jun 2018 13:53:52 EDT

    The shift of the Social Security Trust fund into a deficit is the latest factor that will put pressure on the U.S. Treasury market.

  • The Battle of German Yields: Bill Gross vs. Eurozone Politics
    Wed, 06 Jun 2018 08:25:00 EDT

    Higher inflation and less central-bank stimulus should equal higher bond yields, right? The answer has been yes in the U.S., but not in Germany.

  • One Surprising Reason Why Companies Struggle to Fill Jobs
    Tue, 05 Jun 2018 12:56:57 EDT

    The churn rate in the jobs market is less than you’d think with unemployment at multi-decade lows, and one reason is an aging workforce.

  • Food Makers Can't Figure Out What Americans Want to Eat
    Fri, 08 Jun 2018 12:35:06 EDT

    The food industry is struggling to keep up with consumers who are shifting to fresh from packaged products while new competitors are beating them on price and quality.

  • In Biotech, $6 Billion Can Vanish Quickly
    Mon, 04 Jun 2018 21:17:07 EDT

    Nektar Therapeutics shed billions in market value after a disappointing clinical trial update for investors. Shares of Bristol-Myers Squibb, Nektar’s development partner, also slid.

  • Time for Australian Banks to Lose Their Premium
    Tue, 05 Jun 2018 05:54:26 EDT

    Past wrongdoing has mired Australia’s leading banks in controversy. Investors should worry, too, that the country’s rip-roaring property market is finally cooling.

  • Global Markets: A New, More Difficult Stage
    Tue, 05 Jun 2018 12:50:33 EDT

    If last year in markets was all about strong returns, this year is about rising risks: a brewing trade war, renewed political turmoil and concerns about growth.

  • The Next Threat to Oil Prices: China
    Mon, 04 Jun 2018 06:54:26 EDT

    It has been a bad week or two for oil investors, but most concerns have centered on supply. Next up: demand.

  • Deutsche Bank Is Sick but Not at Death's Door
    Fri, 01 Jun 2018 13:06:04 EDT

    Deutsche Bank isn’t teetering on the brink of collapse. Despite Friday’s downgrade from Standard & Poor’s, Deutsche is stronger and has more stable funding than at any time in the past decade.

  • The Italian Saga Is Far From Over
    Fri, 01 Jun 2018 10:51:45 EDT

    After a week of high drama, Italy has stepped back from the brink and so have markets. But more tests loom for the country’s novice government.

  • Democrats, activists rally against Trump's family separation policy
    Sun, 17 Jun 2018 22:42:48 -0400

    ELIZABETH, N.J. (Reuters) - Democratic lawmakers joined protesters outside immigration detention facilities in New Jersey and Texas on Sunday for Father's Day demonstrations against the Trump administration's practice of separating children from their parents at the U.S.-Mexico border.

  • China's tariffs on U.S. oil would disrupt $1 billion monthly business
    Mon, 18 Jun 2018 02:34:29 -0400

    SINGAPORE (Reuters) - China's threat to impose duties on U.S. oil imports will hit a business that has soared in the last two years, and which is now worth almost $1 billion per month.

  • Magnitude 6.1 quake in Japan's Osaka area kills three, stops factories
    Mon, 18 Jun 2018 02:19:33 -0400

    TOKYO (Reuters) - A magnitude 6.1 earthquake shook Osaka, Japan's second-biggest metropolis, early on Monday morning, killing three people, halting factory lines in a key industrial area and bursting water mains, government officials and broadcaster NHK said.

  • Police search for van that killed one, injured three at Dutch concert
    Mon, 18 Jun 2018 02:21:23 -0400

    AMSTERDAM (Reuters) - A van struck four people at a Dutch concert in the early hours of Monday morning, killing one and injuring three, hours after R&B artist Bruno Mars had performed, police said.

  • Colombia president-elect vows to unite nation, alter peace deal
    Mon, 18 Jun 2018 01:51:25 -0400

    BOGOTA (Reuters) - Colombia's President-elect Ivan Duque, who swept aside leftist Gustavo Petro in Sunday's election, pledged to unite his South American nation after a divisive campaign but insisted he would change a landmark peace accord with leftist rebels.

  • Select few emerging Asian economies comfortable with Fed hikes
    Mon, 18 Jun 2018 02:29:02 -0400

    HONG KONG (Reuters) - Higher U.S. rates are rattling many emerging markets in much the same way past tightening cycles did, but the Federal Reserve's hawkishness could also bring cheer for a small group of Asian economies that wouldn't mind seeing their currencies weaken.

  • Exclusive: Mellanox nears truce with Starboard over board seats - sources
    Sun, 17 Jun 2018 20:42:36 -0400

    NEW YORK (Reuters) - Mellanox Technologies Inc , a chipmaker based in Israel and the United States, is close to reaching a deal with activist investor Starboard Value LP over the composition of its board of directors, people familiar with the matter said on Sunday.

  • Syria state media says U.S. bombs Syrian positions; U.S. denies report
    Sun, 17 Jun 2018 19:57:41 -0400

    BEIRUT (Reuters) - Syrian state media, citing a military source, reported on Monday that U.S.-led coalition aircraft had bombed "one of our military positions" in eastern Syria, leading to deaths and injuries, but the U.S. military denied carrying out strikes in the area.

  • China's Huawei blasts Australian security concerns amid Sino-Canberra tensions
    Mon, 18 Jun 2018 00:12:24 -0400

    SYDNEY (Reuters) - Chinese telecoms equipment maker Huawei Technologies Co Ltd [HWT.UL] said Australian claims it poses a security risk are "ill-informed" as it published an open letter on Monday that threatens to inflame already heightened Sino-Canberra tensions.

  • Gang shootout at New Jersey arts festival kills one, injures 22
    Mon, 18 Jun 2018 02:51:21 -0400

    (Reuters) - A suspected gunman was shot dead and 22 people were injured on Sunday after a dispute among rival gangs erupted into gunfire at an all-night arts festival in Trenton, New Jersey, officials said.