Business

TOKYO (Reuters) – Asian stocks struck record highs on Thursday, with a rally by Wall Street supporting bullish investor sentiment, while the dollar pulled back from three-year lows as comments by European Central Bank officials tempered the euro’s recent rally. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.2 percent, building on the
0 Comments
(Reuters) – The Federal Trade Commission (FTC) is investigating whether chipmaker Broadcom Ltd engaged in anticompetitive tactics in negotiations with customers, according to a person familiar with the matter. The Wall Street Journal was the first to report the probe on Wednesday. The company was recently issued subpoenas that seek an extensive amount of information, the Journal
0 Comments
SILAO, Mexico/DETROIT (Reuters) – General Motors Co’s (GM.N) assembly plant in Silao, a city in Mexico’s automotive heartland, cranked out more than 400,000 highly profitable, large pickup trucks last year, and is critical to the launch of a new generation of Chevrolet Silverado trucks later this year. Now, GM’s Silao factory, and the profit it
0 Comments
SYDNEY (Reuters) – Asian shares hit historic highs on Monday after Wall Street extended its record-breaking run, while the U.S. dollar retreat continued as investors priced in the risk of tighter policies elsewhere in the developed world. Activity was restrained somewhat as a U.S. holiday curbed trade in cash Treasuries, though E-Mini futures for the
0 Comments
BEIJING (Reuters) – China will step up oversight in the banking sector this year to reduce financial risks, the country’s banking regulator said, stressing that long-term efforts would be needed to control banking sector chaos. The China Banking Regulatory Commission (CBRC) said late on Saturday in a statement that its priorities included increasing supervision over
0 Comments
JOHANNESBURG (Reuters) – Protesters angered by a “racist” H&M advertisement ransacked several of the Swedish fashion group’s South African stores on Saturday. The Economic Freedom Fighters (EFF) protesters targeted six H&M stores in the Gauteng province, where South Africa’s economic hub of Johannesburg is located, tearing down shop displays and throwing clothes around, police said.
0 Comments
(Reuters) – Wall Street continued its rally on Friday with record closing highs as the fourth-quarter earnings season kicked off with solid results from banks and robust retail sales drove investor optimism about economic growth. The S&P 500 and Nasdaq both registered their eight record closing highs out of the first nine trading days of
0 Comments
(Reuters) – The U.S. Trade Representative put Alibaba’s Taobao on its blacklist for the second year in a row over suspected counterfeits sold on the shopping platform, a move the Chinese e-commerce giant said did not reflect its IP-protection efforts. Alibaba Group Holding Ltd’s (BABA.N) hugely popular Taobao Marketplace is one of 25 online markets
0 Comments
(Reuters) – Printer manufacturer Xerox Corp (XRX.N) is in talks to do a deal with Japanese camera maker Fujifilm Holdings Corp (4901.T) that could include a change in control of Xerox, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. However, a full takeover of Xerox is not on the table,
0 Comments
TOKYO (Reuters) – Asian shares hovered just below their 2007 record peak on Wednesday, supported by expectations of solid corporate earnings on the back of synchronized growth in the global economy. MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed in early trade, sitting just 0.4 percent below the record high touched in
0 Comments
BERLIN (Reuters) – German auto parts and tire maker Continental (CONG.DE) said on Tuesday it was in “early stages” of talks about a structural overhaul to become more nimble amid the car industry’s transition to electric and self-driving vehicles, confirming media reports. A source told Reuters on Tuesday that Continental was continuing to ponder all
0 Comments