(Reuters) – Boeing Co on Wednesday abandoned its 2019 financial outlook, halted share buybacks and said lowered production due to the grounding of its fastest-selling 737 MAX jet after two fatal plane crashes in five months had cost it at least $1 billion so far. FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes
LONDON (Reuters) – World shares took a step back on Wednesday as signals that China has put broader stimulus on hold offset positive results from Credit Suisse, which kicked off the earnings season for European investment banks. FILE PHOTO: A man looks on in front of an electronic board showing stock information at a brokerage
SHANGHAI (Reuters) – Equity markets in Asia rose on Wednesday morning after upbeat earnings helped the Nasdaq and S&P 500 indexes reach record closing highs on Wall Street overnight, while oil retreated from its near six-month highs. FILE PHOTO: A man looks on in front of an electronic board showing stock information at a brokerage
(Reuters) – Procter & Gamble Co reported a decline in its third-quarter operating margin on Tuesday and said a strong U.S. dollar hurt sales of its grooming products, sending shares of the maker of Tide and Gillette products down as much as 3.3% in morning trading. FILE PHOTO: The logo for Procter & Gamble Co.
LONDON (Reuters) – Oil prices jumped to near six-month highs on Tuesday as the United States tightened sanctions on Iran, sending shares of energy companies higher but largely failing to help the currencies of the main crude-oil producers. FILE PHOTO: Visitors are seen as market prices are reflected in a glass window at the Tokyo
TOKYO (Reuters) – Asian shares were little changed on Tuesday, hovering not far from nine-month peaks hit last week, with concerns China may slow the pace of policy easing curbing the market’s enthusiasm. FILE PHOTO: Visitors are seen as market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo,
WASHINGTON (Reuters) – U.S. home sales fell more than expected in March as rising demand stoked by declining mortgage rates and slowing house price inflation continued to be frustrated by a lack of properties, especially in the lower-priced segment of the market. FILE PHOTO: A ‘for sale’ is seen outside a single family house in
LONDON (Reuters) – Oil topped $74 a barrel on Monday, the highest since November, with the United States set to announce a further clampdown on Iranian oil exports, tightening global supplies. The United States is expected to say later on Monday that buyers of Iranian oil need to end imports soon or face sanctions, a
SINGAPORE (Reuters) – Oil prices rose by 1 percent on Monday, with Brent hitting its highest level since November, driven up by a report the United States is preparing to announce that all imports of Iranian oil will have to end or be subject to sanctions. FILE PHOTO: An oil pump jack pumps oil in
NEW YORK (Reuters) – It looks like something has to give in global markets. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 18, 2019. REUTERS/Brendan McDermid Stocks and bonds around the world have rallied atypically together since the start of the year, rewarding investors both bullish
(Reuters) – U.S. railroad operator Union Pacific Corp on Thursday reported better-than-expected quarterly profit as price increases and cost controls offset the impact of severe winter weather and record flooding that damaged rails in the Midwest. FILE PHOTO: A Union Pacific rail car is parked at a Burlington National Santa Fe (BNSF) train yard in
(Reuters) – U.S. intelligence has accused Huawei Technologies of being funded by Chinese state security, The Times said on Saturday, adding to the list of allegations faced by the Chinese technology company in the West. A Huawei logo is pictured during the media day for the Shanghai auto show in Shanghai, China April 16, 2019.
SHANGHAI (Reuters) – Hundreds of people have added their names to an online petition in support of a University of Minnesota student who said she was raped last August by Richard Liu, the chief executive officer of China’s e-commerce retailer JD.com Inc. FILE PHOTO: JD.com founder Richard Liu attends a Reuters interview in Hong Kong,
(Reuters) – Tesla Inc said on Friday that four members of its eleven-member board would be leaving over the next two years, as the electric car company looks to streamline its board. FILE PHOTO: A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson/File Photo Brad Buss, Antonio Gracias, Stephen
(Corrects headline and paragraph 1 to make clear that syndication process is ongoing, to make clear in paragraph 5 that no offers finalized by April 15, to clarify sourcing throughout) FILE PHOTO: The Tereos logo is displayed at a sugar beet processing plant in Origny-Sainte-Benoite, France, March 20, 2019. REUTERS/Benoit Tessier/File Photo By Sybille de
CARACAS (Reuters) – Venezuela’s opposition-controlled National Assembly expects to vote on making a $71 million bond interest payment when it meets next week, a lawmaker and a member of state-run oil company PDVSA’s ad-hoc board of directors said. FILE PHOTO: Cutouts depicting images of oil operations are seen outside a building of Venezuela’s state oil
FILE PHOTO: The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company’s building in Taipei, Taiwan, March 30, 2018. REUTERS/Tyrone Siu TAIPEI (Reuters) – Taiwan’s Foxconn said on Friday it remains committed to its contract to build a display plant and tech research facilities in Wisconsin,
SAN FRANCISCO (Reuters) – Uber’s autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp , giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering. FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain,
MUMBAI/NEW DELHI (Reuters) – Jet Airways Ltd shares plunged on Thursday, battered by fears about whether the grounded Indian airline would fly again, even as carriers like rival SpiceJet rushed in to plug a supply gap in the wake of their rival’s demise. Once India’s largest private airline, Jet halted all flight operations indefinitely on
(Reuters) – T-Mobile US Inc’s $26 billion deal to buy Sprint Inc banked on changes in wireless technology and media streaming to win U.S. antitrust approval, but the bet now looks precarious. FILE PHOTO: A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration taken
A Pinterest Pin made of a LEGO installation is seen in this undated photo taken at Pinterest headquarters in San Francisco, California, U.S. released on April 16, 2019. Courtesy Pinterest/Handout via REUTERS NEW YORK (Reuters) – Pinterest Inc, the online scrapbook where users save ideas for clothes, décor and recipes, said on Wednesday it priced
FILE PHOTO: A Volkswagen logo is pictured in a production line at the Volkswagen plant in Wolfsburg, Germany March 1, 2019. REUTERS/Fabian Bimmer BRUSSELS (Reuters) – The European Commission’s push for a wifi-based standard for cars backed by Volkswagen took a big step forward on Wednesday after EU lawmakers endorsed the move over 5G technology
ZURICH (Reuters) – ABB Chief Executive Ulrich Spiesshofer has quit the Swiss engineering group in a surprise move for a company which is in the midst of a strategic overhaul to focus more on digital industries. FILE PHOTO: Ulrich Spiesshofer addresses ABB’s annual news conference in Zurich, Switzerland February 28, 2019. REUTERS/Arnd Wiegmann/File Photo Chairman
(Reuters) – Qualcomm Inc on Tuesday won a major victory with a surprise settlement of its wide-ranging legal dispute with Apple Inc that includes a supply agreement paving the way for the iPhone to once again use Qualcomm modem chips. The settlement also incorporates a six-year patent license and a payment from Apple to Qualcomm,
(Reuters) – Bank of America Corp on Tuesday reported first-quarter revenue that fell short of expectations and predicted that net interest income would rise half as fast this year, sending its shares down. FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30,
(Reuters) – Italy’s top bank UniCredit SpA and two subsidiaries have agreed to pay $1.3 billion to U.S. authorities to settle probes of violations of U.S. sanctions on Iran and other countries, U.S. authorities said on Monday. FILE PHOTO: Unicredit bank logo is seen in the old city centre of Siena, Italy June 29, 2017.
FILE PHOTO: The AT&T logo is pictured during the Forbes Forum 2017 in Mexico City, Mexico, September 18, 2017. REUTERS/Edgard Garrido/File Photo (Reuters) – Hulu is buying back wireless carrier AT&T Inc’s 9.5 percent stake in the streaming service company in a deal valued at $1.43 billion, the two companies said on Monday. The transaction
NEW YORK (Reuters) – World stocks retreated from earlier gains on Monday as underwhelming quarterly results from U.S. banks weighed on Wall Street, though progress in U.S.-China trade talks helped European stocks tread water. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 9, 2019.
HONG KONG (Reuters) – Asia’s internet firms are challenging the region’s traditional banks for consumer finances, tapping their massive user networks for business and following a trail blazed in China by tech giants Alibaba and Tencent. The push into banking by companies better known for their messaging apps, cute emojis and online holiday bookings comes
MONTREAL/SINGAPORE/SHANGHAI (Reuters) – Gulfstream Aerospace and Bombardier are trotting out their longest-range business jets at an Asian air show this week, as they compete for orders from China’s growing elite, despite the country’s slowing economy. FILE PHOTO: Bombardier’s Global 7500, the first business jet to have a queen-sized bed and hot shower, is shown during