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Netflix global push grabs more customers than expected; shares jump
(Reuters) - Netflix Inc's aggressive push into international markets won more customers than the video streaming service and its investors expected last quarter, sending its shares surging 7 percent.
Posted on : 2016-01-19 23:35:38
IBM forecasts weak earnings for 2016; shares slide
(Reuters) - International Business Machines Corp forecast weak earnings for this year after reporting an 8.5 percent fall in fourth-quarter revenue as a strong dollar and tepid IT spending weigh on the Big Blue's results.
Posted on : 2016-01-19 23:10:55
Oil pares most gains after warning market could 'drown in oversupply'
NEW YORK (Reuters) - Brent crude rebounded on Tuesday from 12-years lows after data showed record demand in China, but a warning by the world's energy watchdog that the market could "drown in oversupply" limited the global benchmark's gains and sent U.S. crude down to its lowest since 2003.
Posted on : 2016-01-19 23:01:21
Morgan Stanley looks to move jobs to cheaper cities in bid to cut costs
(Reuters) - Morgan Stanley will be straying ever further from its Wall Street roots in the coming months as it shifts more operations to lower cost cities like Mumbai and Budapest as it aims to slash costs.
Posted on : 2016-01-19 22:36:52
Dollar retreats from earlier gains as oil turns sour
NEW YORK (Reuters) - The dollar pared earlier gains on Tuesday, as growing worries over slumping oil prices and a global economic slowdown sent investors back to safe-haven currencies.
Posted on : 2016-01-19 21:51:56
Global unemployment rate to slip lower next year, ILO says
GENEVA (Reuters) - The global unemployment rate will inch down to 5.7 percent in 2017 from 5.8 percent in 2014-16, helped by job creation in the U.S. and Europe, although a growing population means the total of number of unemployed people will rise, the International Labour Organization said a report.
Posted on : 2016-01-19 21:41:50
Global - U.S. stocks falter; oil fears spoil China enthusiasm
NEW YORK (Reuters) - U.S. stocks pared gains on Tuesday amid a renewed drop in oil prices, giving up most of an early rally that had been spurred by speculation of more stimulus efforts in China.
Posted on : 2016-01-19 21:39:05
Netflix adds more subscribers than expected; shares rise
(Reuters) - Video-streaming service Netflix Inc's quarterly subscriber additions topped its expectations, boosted by strong international growth, sending its shares up 8 percent in extended trading.
Posted on : 2016-01-19 21:37:44
IBM revenue falls 8.5 percent as strong dollar weighs
(Reuters) - International Business Machines Corp reported an 8.5 percent fall in quarterly revenue as a strong dollar and tepid IT spending weighed on the Big Blue's results.
Posted on : 2016-01-19 21:37:26
Start-ups at risk as investors close taps, Modi fund falls short
MUMBAI (Reuters) - After pumping billions of dollars into internet start-ups in the last 24 months, global investors are cutting that flood back a trickle as dreams of huge online sales are clouded by soaring valuations and still-distant profits.
Posted on : 2016-01-19 21:08:31
Global - U.S. stocks retreat; oil fears spoil China enthusiasm
NEW YORK (Reuters) - U.S. stocks retreated on Tuesday from a global equities rally spurred by speculation Beijing would boost stimulus efforts, but a renewed drop in U.S. oil prices raised a cautionary flag.
Posted on : 2016-01-19 20:37:27
Wall Street falls; more carnage in oil stocks
(Reuters) - A recent selloff on Wall Street deepened on Tuesday as U.S. crude prices fell and an "in line" report showing slower growth in China failed to prop up an early rally.
Posted on : 2016-01-19 20:32:02
Luxury watchmakers rethink affordability to counter downturn
GENEVA (Reuters) - High-end watchmakers have signalled a shift in strategy with an expanded range of more affordable products to counter the most severe downturn the industry has faced since the 2008-09 financial crisis, executives at a watch fair in Geneva said.
Posted on : 2016-01-19 19:02:43
Global - Stocks rise as slower China growth boosts stimulus hopes
NEW YORK (Reuters) - Global equity markets on Tuesday snapped back from a rout at the start of the year after data showing weak economic growth in China prompted speculation Beijing would boost stimulus efforts, but a renewed drop in U.S. oil prices raised a cautionary flag.
Posted on : 2016-01-19 18:46:25
Fall in U.S. crude cuts short Wall Street rally
(Reuters) - Wall Street shed some of its early gains on Tuesday as U.S. crude prices fell, cutting short a rally inspired by raised hopes for more stimulus measures in China and earnings reports in the United States.
Posted on : 2016-01-19 18:41:39
Iran readied for sanctions lift with cut to Europe oil sales price
LONDON (Reuters) - Iran is set to take on rival OPEC producer Saudi Arabia in a competition for European buyers now that Western sanctions have been lifted by offering lower official selling prices for February crude shipments.
Posted on : 2016-01-19 18:24:40
IMF cuts global growth forecast as China slows
WASHINGTON (Reuters) - The International Monetary Fund cut its global growth forecasts for the third time in less than a year on Tuesday, as new figures from Beijing showed that the Chinese economy grew at its slowest rate in a quarter of a century in 2015.
Posted on : 2016-01-19 18:09:14
Confidence among CEOs sags as China's slowdown spooks Davos
DAVOS, Switzerland (Reuters) - Confidence about near-term sales growth among chief executives around the world has fallen to its lowest level in six years as China's economic engine slows and a slump in oil prices signals deep unease about the global outlook.
Posted on : 2016-01-19 17:46:55
Morgan Stanley beats forecasts, girds for more cost cuts
REUTERS - For Morgan Stanley, belt-tightening is becoming a way of life.
Posted on : 2016-01-19 16:18:36
Gujarat, Telangana halt sales of Roche's Avastin drug
NEW DELHI (Reuters) - Gujarat and Telangana states have put sales of Swiss drugmaker Roche's blockbuster drug Avastin on hold, officials said on Tuesday, after it hampered the vision of 15 patients who used it for a condition it is not officially meant to treat.
Posted on : 2016-01-19 16:06:55
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