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Strong China Q1 GDP growth supported by construction, manufacturing, hi-tech
BEIJING (Reuters) - China's better-than-expected economic growth in the first quarter of this year was backed by a pickup in construction and manufacturing, official data showed on Wednesday.
Posted on : 2018-04-18 09:53:29
Carl Icahn buys stake in software provider VMware: CNBC
(Reuters) - Billionaire investor Carl Icahn has acquired a stake in cloud computing platform VMware Inc, CNBC reported on Tuesday.
Posted on : 2018-04-18 09:26:42
CEO of South Korean steelmaker POSCO to step down early
SEOUL (Reuters) - The chief executive of South Korean steelmaker POSCO will step down before his term ends in 2020 as he is keen for a younger person to lead the firm, the company said on Wednesday.
Posted on : 2018-04-18 09:15:10
Japan's March exports disappoint on strong yen, trade friction a risk
TOKYO (Reuters) - Japan's exports rose less than expected in March due to a strong yen, raising some concern about the outlook for shipments on top of anxiety over Washington's criticism of the nation's large trade surplus with the United States.
Posted on : 2018-04-18 08:19:16
Global Markets: Asian shares edge ahead with Wall St, but China lags
SYDNEY (Reuters) - Asian shares crept ahead on Wednesday after Wall Street took heart from upbeat corporate earnings, though nagging concerns about trade barriers and the global growth outlook kept currencies and bonds subdued.
Posted on : 2018-04-18 08:11:44
Gold slips as dollar steadies on positive U.S. data
BENGALURU (Reuters) - Gold prices slipped early Wednesday while the dollar held its gains on the back of upbeat March U.S. housing starts and industrial production figures.
Posted on : 2018-04-18 06:59:08
Goldman outpaces peers in debt underwriting, bond trading
NEW YORK (Reuters) - Goldman Sachs Group Inc on Tuesday reported a year-on-year jump in debt underwriting revenue after working on financing for big M&A deals that some peers missed out on.
Posted on : 2018-04-18 06:50:20
Starbucks to close 8,000 U.S. stores for racial tolerance training
(Reuters) - Starbucks Corp will close 8,000 company-owned U.S. cafes for the afternoon on May 29 so 175,000 employees can undergo racial tolerance training in response to protests and calls for boycotts after the arrest of two black men waiting in a Philadelphia store.
Posted on : 2018-04-18 06:44:46
U.S. Commerce Department finds aluminium sheet imports from China subsidized - U.S. trade group
WASHINGTON (Reuters) - The U.S. Commerce Department on Tuesday made a preliminary determination that aluminium sheet imports from China benefit from unfair subsidies, the Aluminum Association said.
Posted on : 2018-04-18 06:36:38
Bank of England to raise rates in May, almost all economists say - Reuters poll
LONDON (Reuters) - The Bank of England will raise its key interest rate to 0.75 percent in May, nearly all the 76 economists polled by Reuters said, then add another 25 basis points just before Britain is due to leave the European Union early next year.
Posted on : 2018-04-18 06:26:56
Global Markets: Asia shares edge up with Wall Street, wary on China
SYDNEY (Reuters) - Asian shares crept ahead on Wednesday after Wall Street took heart from upbeat corporate earnings, though nagging concerns about trade barriers and the global growth outlook kept currencies and bonds subdued.
Posted on : 2018-04-18 06:23:28
Oil prices edge up on lower U.S. crude inventories, global supply risks
SINGAPORE (Reuters) - Oil prices edged up on Wednesday, lifted by a reported fall in U.S. crude inventories and by the ongoing risk of supply disruptions.
Posted on : 2018-04-18 06:12:26
South Korean customs looking into Korean Air 'nut rage' family
SEOUL (Reuters) - South Korea's customs agency is looking into accusations that the youngest daughter of Korean Air Lines' chairman, and other family members, did not pay customs duties on luxury goods brought into the country, the agency said on Wednesday.
Posted on : 2018-04-18 06:06:28
Trade spat to dull expected tax cut boost to U.S. economy - Reuters poll
BENGALURU (Reuters) - The ongoing trade spat between the world's two largest economies will restrain the roaring U.S. economy, dulling an expected boost to growth from massive tax cuts passed through Congress just a few months ago, a Reuters poll found.
Posted on : 2018-04-18 06:05:01
Britain's Costa promises to recycle half a billion coffee cups by 2020
LONDON (Reuters) - Britain's Costa Coffee pledged on Wednesday to recycling half a billion coffee cups a year by 2020 and said it seeks to become the first chain to guarantee it recycles the same number of cups as it puts onto the market.
Posted on : 2018-04-18 04:39:39
AT&T subsidiary DirecTV asks to be dropped from antitrust case
WASHINGTON (Reuters) - DirecTV, the biggest U.S. pay TV company and a subsidiary of AT&T , asked a federal court on Tuesday to drop it from the lawsuit that the government filed to stop AT&T from buying movie and TV production company Time Warner .
Posted on : 2018-04-18 04:06:38
Embraer names Nelson Salgado as new CFO - filing
SAO PAULO (Reuters) - Embraer SA on Tuesday named as its new chief financial officer Nelson Salgado, who is currently head of external affairs and corporate communications at the Brazilian planemaker, according to a securities filing.
Posted on : 2018-04-18 03:12:20
Fosun offers to invest up to $350 million in Fortis Healthcare
(Reuters) - India's Fortis Healthcare Ltd , the target of two rival takeover bids, received an unsolicited investment offer of up to $350 million from a unit of Chinese conglomerate Fosun International , the company said in a regulatory filing on Tuesday.
Posted on : 2018-04-18 00:53:52
Fosun offers to invest up to $350 million in India's Fortis Healthcare
(Reuters) - India's Fortis Healthcare Ltd , the target of two rival takeover bids, has received an unsolicited offer from Chinese conglomerate Fosun International for an investment of up to $350 million.
Posted on : 2018-04-18 00:10:15
Starbucks to close 8,000 U.S. stores for racial-bias training
(Reuters) - Starbucks Corp will close 8,000 company-owned U.S. cafes for the afternoon on May 29 to train nearly 175,000 on how to prevent racial discrimination in its stores.
Posted on : 2018-04-18 00:06:19
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