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South Korea kicks off due diligence on GM’s South Korean unit: KDB

FILE PHOTO: The main gate to GM Korea’s Gunsan factory is seen in Gunsan, South Korea February 13, 2018. Yonhap via REUTERS/File Photo SEOUL (Reuters) – South Korea held an initial meeting on Monday for its due-diligence of General Motors’ local unit to decide... More »

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Trump considers ex-Microsoft exec as top economic adviser: official

FILE PHOTO: U.S. President Donald Trump and Assistant to the President for Strategic Initiatives Chris Liddell hold up a chart showing the processes involved with making a federal highway during an event on deregulation at the White House in Washington, U.S., ... More »

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Tariffs should be part of U.S. trade policy, Trump foe Warren says

Senator Elizabeth Warren (D-MA) questions Alex Azar (not pictured) during a Senate Health, Education, Labor and Pensions Committee hearing on his nomination to be Health and Human Services secretary on Capitol Hill in Washington, U.S., November 29, 2017. REUTE... More »

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Internet tycoon challenges Deutsche Telekom to team up on German…

FILE PHOTO: A logo of Germany’s telecommunications giant Deutsche Telekom AG is seen before the company’s annual news conference in Bonn, Germany, March 2, 2017. REUTERS/Wolfgang Rattay/File Photo FRANKFURT (Reuters) – The billionaire founder of United Interne... More »

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How infertility treatment has left sperm science behind

FILE PHOTO: Doctor Katarzyna Koziol injects sperm directly into an egg during in-vitro fertilization (IVF) procedure called Intracytoplasmic Sperm Injection (ICSI) at Novum clinic in Warsaw, Poland October 26, 2010. REUTERS/Kacper Pempel /File Photo LONDON, (R... More »

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South Africa gold miners’ silicosis lawsuit settlement expected…

FILE PHOTO: Former gold miner Senzele Silewise, 81, talks to paralegals in Bizana in South Africa’s impoverished Eastern Cape province March 7, 2012. Silewise worked underground in the country’s gold mines for 44 years before being diagnosed with silicosis. RE... More »

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Nun fighting sale of convent to Katy Perry dies in court

FILE PHOTO: 2017 MTV Video Music Awards – Arrivals – Inglewood, California, U.S., 27/08/2017 – Katy Perry. REUTERS/Danny Moloshok/File Photo (Reuters) – An 89-year-old Roman Catholic nun who has battled pop star Katy Perry for years over the sale of a Los Ange... More »

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South African rights lawyer plans listeria class action against…

FILE PHOTO: A couple leaves Tiger Brands factory shop in Germiston, Johannesburg, South Africa, March 5, 2018. REUTERS/Siphiwe Sibeko/File Photo JOHANNESBURG (Reuters) – A human rights lawyer plans to launch a class action lawsuit against South African food pr... More »

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Merkel, Macron delay plan to present euro zone reforms: Spiegel

France’s President Emmanuel Macron (R) speaks with German Chancellor Angela Merkel as they gather for a family photo during a High Level Conference on the Sahel at the European Commission in Brussels, Belgium, February 23, 2018. REUTERS/John Thys/Pool BERLIN (... More »

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China eyes ‘black tech’ to boost security as parliament meets

A security camera overlooks Tiananmen Square in front of a portrait of the late Chinese Chairman Mao Zedong in Beijing, China March 6, 2018. Picture taken March 6, 2018. REUTERS/Thomas Peter BEIJING (Reuters) – At a highway check point on the outskirts of Beij... More »

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‘The Sopranos’ to make a comeback – in a big screen prequel

David Chase, screenwriter and producer of the television series, “The Sopranos” in New York September 3, 2013. REUTERS/Carlo Allegri LOS ANGELES (Reuters) – A prequel to hit U.S. mafia drama “The Sopranos” is being developed as a movie, possibly reuniting some... More »

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Panasonic considers selling security camera factory in China: Nikkei

A man is seen next to Panasonic Corp’s logo at Panasonic Center in Tokyo, Japan, February 2, 2017. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Panasonic Corp is considering selling a Chinese plant that makes security cameras in a deal it hopes will fetch over $45... More »

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Uber hails loan investors directly

FILE PHOTO – The Uber logo is seen on a screen in Singapore August 4, 2017. REUTERS/Thomas White/File Picture NEW YORK (IFR) – Uber is bringing its disruptive force to the leveraged loan market, approaching institutional investors directly on a new debt sale. ... More »

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Broadcom promises on security, Qualcomm revamps board

FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd is shown in Irvine, California, U.S., November 6, 2017. REUTERS/Mike Blake (Reuters) – Broadcom Ltd (AVGO.O) has promised not to sell critical national security assets to foreign buyers if its... More »

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Barack Obama in talks to create shows for Netflix: New York Times

(Reuters) – Former U.S. president Barack Obama is in advanced talks with Netflix Inc to produce a series of high-profile shows, the New York Times reported on Thursday, citing people familiar with the matter. Under the terms of a proposed deal, Netflix will pa... More »

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British firms hope for halcyon days ahead of royal wedding

Sue Carter gilds a mug made to celebrate the Royal Wedding between Prince Harry and Meghan Markle at Halcyon Days’ Caverswall factory in Stoke-on-Trent, Britain February 27, 2018. Picture taken February 27, 2018. REUTERS/Darren Staples STOKE-ON-TRENT, England ... More »

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Eni backs U.S. nuclear fusion firm formed by ex-MIT researchers

FILE PHOTO: Eni’s logo is seen in front of its headquarters in San Donato Milanese, near Milan, Italy, April 27, 2016. REUTERS/Stefano Rellandini/File Photo MILAN (Reuters) – Italian energy company Eni will conduct research with the Massachusetts Institute of ... More »

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Tariff tantrum hits U.S. stock funds in latest week

NEW YORK (Reuters) – U.S. fund investors pulled $9.8 billion from stocks during the latest week, Lipper data showed on Thursday, halting the investments’ budding momentum after February’s selloff. The withdrawals, recorded during the seven days through March 7... More »

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U.S. space companies aim to help Brazil rocket base lift off

An aerial view shows Brazil’s Alcantara space center in the city of Alcantara, Maranhao state, Brazil May 21, 2013. Brazil Air Force Press Office/Handout via Reuters BRASILIA (Reuters) – U.S. companies eager to tap into the fast-growing market for low-cost sat... More »

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ECB gives up on bigger bond buys en route to stimulus exit

European Central Bank (ECB) President Mario Draghi holds a news conference at the ECB headquarters in Frankfurt, Germany, March 7, 2018. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – The European Central Bank dropped a long-standing pledge on Thursday to increa... More »

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New York plan puts spotlight on graying of U.S. prison population

FILE PHOTO: Former inmate at Eastern State Penitentiary, William Harrison, 75, served 3 separate terms (1959, 1962, 1970) for larceny, forgery, and assault, and revisits his prison cell on the second level of block 14 in Philadelphia, Pennsylvania April 30, 20... More »

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Protracted Italian political deadlock might impact euro economy,…

European Central Bank (ECB) President Mario Draghi holds a news conference at the ECB headquarters in Frankfurt, Germany, March 7, 2018. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – Political deadlock in Italy following inconclusive elections has caused few wi... More »

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Draghi comments at ECB press conference

European Central Bank (ECB) President Mario Draghi and Vice President Vitor Constancio arrive for a news conference at the ECB headquarters in Frankfurt, Germany, March 7, 2018. REUTERS/Ralph Orlowski FRANKFURT, (Reuters) – The European Central Bank dropped a ... More »

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U.S. investors wanting out of gun stocks find it’s not so easy

The barrels of AR-15 rifles are displayed for sale at the Guntoberfest gun show in Oaks, Pennsylvania, U.S., October 6, 2017. REUTERS/Joshua Roberts NEW YORK (Reuters) – In the three weeks since America’s deadliest high school took the lives of 17 students and... More »

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Sovereign investors to cut U.S. exposure, eye trade wars: survey

FILE PHOTO: U.S. President Donald Trump announces that the United States will impose tariffs of 25 percent on steel imports and 10 percent on imported aluminum during a meeting at the White House in Washington, U.S., March 1, 2018. REUTERS/Kevin Lamarque/File ... More »

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More funds spurn nuclear arms, financing still strong: report

GENEVA (Reuters) – The number of pension funds and asset managers that refuse to invest in nuclear armament makers appears to be growing, although financing is still abundant, an annual survey by anti-nuclear campaigners said on Wednesday. The report, entitled... More »

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Embattled Abraaj frees private equity investors from capital…

FILE PHOTO – Arif Naqvi, Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 17, 2017. REUTERS/Ruben Sprich NEW YORK/DUBAI (Reuters) – Embattled private equity firm Abraa... More »

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In Iran, France blends hard talks with soft power at Louvre exhibit

Iranian President Hassan Rouhani shakes hands with French Foreign Affairs Minister Jean-Yves Le Drian, in Tehran, Iran, March 5, 2018. President.ir/Handout via REUTERS TEHRAN (Reuters) – After a day of tough talking in Tehran on Monday, France’s foreign minist... More »

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Italy’s 5-Star rebels heading for a date with the establishment?

5-Star Movement founder Beppe Grillo (L) speaks next leader Luigi Di Maio during the finally rally ahead of the March 4 elections in downtown Rome, Italy, March 2, 2018. REUTERS/Tony Gentile ROME (Reuters) – The anti-establishment 5-Star Movement has emerged a... More »

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Qualcomm asked U.S. security panel to delay shareholder meeting:…

The logo of Qualcomm is seen during the Mobile World Congress in Barcelona, Spain February 27, 2018. REUTERS/Yves Herman (Reuters) – Broadcom Ltd (AVGO.O) said on Monday Qualcomm Inc (QCOM.O) secretly requested an U.S. national security panel on Jan. 29 to sta... More »

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China keeps growth target at 6.5 percent, stays focused on…

Chinese Premier Li Keqiang claps hands as he delivers his speech during the opening session of the National People’s Congress (NPC) at the Great Hall of the People in Beijing, China March 5, 2018. REUTERS/Damir Sagolj BEIJING (Reuters) – China aims to expand i... More »

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China will not join international tax cut race: state cabinet…

BEIJING (Reuters) – China has no intention of joining the international tax cut race, head of the government’s state council research office said on Monday, even as Beijing rolled out fresh tax cuts worth more than 800 billion yuan (91.6 billion pounds) for 20... More »

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Italian bond yields jump as euroskeptic parties surge in election

LONDON (Reuters) – Investors dumped Italy’s government bonds on Monday and rushed to buy high-grade equivalents such as German Bunds after the weekend Italian election saw a surge in support for anti-establishment parties, led by the 5-Star Movement. Italy fac... More »

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Mediaset shares fall after Berlusconi party disappoints in vote

Forza Italia leader Silvio Berlusconi gestures during a meeting in Rome, Italy, March 1, 2018. REUTERS/Alessandro Bianchi MILAN (Reuters) – Shares in Mediaset fell more than 5 percent on Monday after the party of former Italian Prime Minister Silvio Berlusconi... More »

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China boosts defense spending amid military modernization

Zhang Yesui, a spokesman for National People’s Congress (NPC), addresses reporters ahead of China’s annual session of parliament at the Great Hall of the People in Beijing, China March 4, 2018. REUTERS/Damir Sagolj BEIJING (Reuters) – China on Monday unveiled ... More »

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Disney-bound Fox Searchlight takes top Oscar honor

90th Academy Awards – Oscars Backstage – Hollywood, California, U.S., 04/03/2018 – Alexandre Desplat holds the Oscar for Best Original Score for “The Shape of Water” as Guillermo Del Toro is seen accepting the Best Director Oscar on the television screen. REUT... More »

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As Congress moves to drop tariffs, some U.S. firms cry foul

Korchmar President Mike Korchmar (L) and CEO Michael Korchmar (R) display a bag assembled at the Naples, Florida factory of Korchmar, a family-owned business in Naples, Florida, U.S., February 13, 2018. Picture taken on February 13, 2018. REUTERS/Andy Sullivan... More »

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China says supports negotiation to settle trade disputes

China opposes protectionism and supports the settlement of trade disputes through negotiation, but will "resolutely safeguard" its legitimate rights and interest, Premier Li Keqiang said in a government work report on Monday.President Donald Trump announced la... More »

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China cuts budget deficit ratio for first time since 2012

BEIJING (Reuters) – China set a 2018 budget deficit target that’s lower than last year’s ratio even as it said“proactive” fiscal policy remains unchanged. The Ministry of Finance said on Monday that it is targeting a budget deficit of 2.6 percent of gross dome... More »

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China aims to keep property market stable in 2018

China aims to pursue "stable and healthy development" of the property market in 2018 with an increased focus on providing affordable housing and developing the rental market, Premier Li Keqiang said in a government work report released on Monday. More »

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Oscars show salutes #MeToo movement, diversity in film

90th Academy Awards – Oscars Show – Hollywood, California, U.S., 04/03/2018 – Ashley Judd, Annabella Sciorra and Salma Hayek. REUTERS/Lucas Jackson LOS ANGELES (Reuters) – Women filmmakers and artists of color celebrated a year of diversity at the 90th Academy... More »

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Factbox: Key winners at the 90th Academy Awards

90th Academy Awards – Oscars Show – Hollywood, California, U.S., 04/03/2018 – Guillermo del Toro accepts the Oscar for Best Picture for “The Shape of Water” from presenter Warren Beatty. REUTERS/Lucas Jackson LOS ANGELES, (Reuters) – The Academy Awards, or Osc... More »

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Trump trade adviser sees business exemptions for new tariffs

U.S. President Donald Trump listens to reporters as walks with first lady Melania Trump on South Lawn of the White House upon their return to Washington, U.S., from Palm Beach, Florida, March 3, 2018. REUTERS/Yuri Gripas WASHINGTON (Reuters) – A top trade advi... More »

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Key U.S. lawmaker urges steel tariff exemptions for NAFTA allies

FILE PHOTO: Rep. Kevin Brady (R-TX), Chairman of the House Ways and Means Committee, arrives for a Republican conference meeting at the U.S. Capitol in Washington, U.S., December 20, 2017. REUTERS/Aaron P. Bernstein MEXICO CITY (Reuters) – An influential U.S. ... More »

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UK PM May tells Trump of ‘deep concern’ over metals tariffs

Britain’s Prime Minister Theresa May talks to Andrew Marr for the Marr Show on BBC television in London, Britain March 2, 2018. Picture taken March 2, 2018. Jeff Overs/BBC/Handout via REUTERS LONDON (Reuters) – British Prime Minister Theresa May told U.S. Pres... More »

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Markets clear German hurdle, Italy up next

Traders work at Frankfurt’s stock exchange in Frankfurt, Germany, February 6, 2018. Picture taken with a fisheye lens. REUTERS/Ralph Orlowski LONDON (Reuters) – The revival of Germany’s grand coalition should aid stability and keep the euro zone’s plans for ti... More »

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As NAFTA weighs, Trump’s tariffs drive new U.S. auto concerns

U.S. President Donald Trump waves upon his arrival in West Palm Beach, Florida, U.S., March 2, 2018. REUTERS/Kevin Lamarque MEXICO CITY (Reuters) – From a hotel in Mexico City, Ann Wilson, a senior executive at the U.S. Motor and Equipment Manufacturers Associ... More »

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NAFTA talks on autos eyed for next week: Mexico negotiator

Mexico’s chief negotiator Kenneth Smith speaks to journalists at the hotel where the seventh round of NAFTA talks takes place, in Mexico City, Mexico March 2, 2018. REUTERS/Edgard Garrido MEXICO CITY (Reuters) – U.S., Mexican and Canadian trade experts leading... More »

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EU eyes tax on tech giants closer to 2 percent than 6 percent of…

FILE PHOTO: The Amazon logo is seen at the Young Entrepreneurs fair in Paris, France, February 7, 2018. REUTERS/Charles Platiau PARIS (Reuters) – The European Union this month will unveil plans to tax large global tech companies’ revenue at a rate in the 2-to-... More »

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Investigators looking at whether Kushner business talks affected…

FILE PHOTO – White House senior adviser Jared Kushner delivers remarks on the Trump administration’s approach to the Middle East region at the Saban Forum in Washington, U.S., December 3, 2017. REUTERS/James Lawler Duggan WASHINGTON (Reuters) – Federal investi... More »

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Businesses try to coax Trump from tariffs brink, aides quarrel

U.S. President Donald Trump holds a meeting where he announced that the United States will impose tariffs of 25 percent on steel imports and 10 percent on imported aluminum at the White House in Washington, U.S., March 1, 2018. REUTERS/Kevin Lamarque WASHINGTO... More »

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The financial impact of Trump’s tariffs on steel and aluminum

DETROIT (Reuters) – If U.S. President Donald Trump goes ahead with sweeping tariffs on steel and aluminum imports, it could lower profits for companies making everything from pickup trucks to canned soup, or result in higher prices for consumers. Trump has thr... More »

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Porsche could build flying taxis, says sales chief

An employee of German car manufacturer Porsche displays a badge depicting a Porsche logo at the Porsche factory in Stuttgart-Zuffenhausen, Germany, January 26, 2018. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) sports car maker Porsche... More »

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Dialog expects to supply chips to Apple through 2020: CEO in paper

FILE PHOTO: Dialog semiconductor logo is pictured at a company building in Germering near Munich, Germany August 15, 2016. REUTERS/Michaela Rehle/File Photo FRANKFURT (Reuters) – Dialog Semiconductor (DLGS.DE) expects Apple (AAPL.O), its top customer, to use i... More »

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Broadcom return to the U.S. could be complete in mid-May: sources

FILE PHOTO: Broadcom Limited company logo is pictured on an office building in Rancho Bernardo, California May 12, 2016. REUTERS/Mike Blake/File Photo WASHINGTON (Reuters) – Singapore-based chipmaker Broadcom Ltd, which is seeking to buy rival Qualcomm Inc, pl... More »

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Happy anniversary: Snap up $1 from its IPO price

FILE PHOTO – A woman stands in front of the logo of Snap Inc. on the floor of the New York Stock Exchange (NYSE) while waiting for Snap Inc. to post their IPO, in New York City, New York, U.S. on March 2, 2017. REUTERS/Lucas Jackson/File Photo SAN FRANCISCO (R... More »

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Equifax breach could be most costly in corporate history

FILE PHOTO: Credit reporting company Equifax Inc. corporate offices are pictured in Atlanta, Georgia, U.S., September 8, 2017. REUTERS/Tami Chappell/File Photo NEW YORK/TORONTO (Reuters) – Equifax Inc (EFX.N) said it expects costs related to its massive 2017 d... More »

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Trading firm Virtu distances itself from phony cryptocurrency

FILE PHOTO – Specialist traders work at a Virtu Financial booth on the floor of the New York Stock Exchange April 16, 2015. REUTERS/Brendan McDermid NEW YORK (Reuters) – Virtu Financial Inc (VIRT.O) on Friday distanced itself from a fake cryptocurrency called ... More »

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Fast 5G beckons, but still far off for most mobile users

A 5G sign is seen during the Mobile World Congress in Barcelona, Spain February 28, 2018. REUTERS/Yves Herman BARCELONA (Reuters) – The telecoms world is gearing up for 5G, the next generation wireless technology that promises to go beyond phones and link up e... More »

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Deason sues Xerox to allow new board nominations

FILE PHOTO: The logo of Xerox company is seen on a building in Minsk, Belarus, March 21, 2016. REUTERS/Vasily Fedosenko/File Photo (Reuters) – Hedge fund manager Darwin Deason filed a new lawsuit against Xerox Corp (XRX.N) on Friday after it refused to allow h... More »

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Parents of girls abducted from Nigerian school cherish keepsakes

Kachalla Bukar, father of Aisha Kachalla, a missing student of Government Girls Science and Technical College, holds a dress of her daughter in Dapchi, in the northeastern state of Yobe, Nigeria, February 23, 2018. REUTERS/Afolabi Sotunde DAPCHI, Nigeria (Reut... More »

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European satellite launches to go ahead after Ariane 5 snafu

A flag with a company logo is seen during satellite launch company Arianespace annual news conference in Paris, France, January 9, 2018. REUTERS/Christian Hartmann FRANKFURT (Reuters) – Planned satellite launches using Europe’s heavy lifter Ariane 5 rocket can... More »

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Israel police question Netanyahu in telecoms corruption case

FILE PHOTO: Israel’s Prime Minister Benjamin Netanyahu attends a memorial ceremony for the late prime minister Yitzhak Rabin at Mount Herzl military cemetery in Jerusalem as Israel marks the 22nd anniversary of Rabin’s killing by an ultra-nationalist Jewish as... More »

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Asia fears trade war after Trump plans hefty steel, aluminum tariffs

FILE PHOTO: Steel pipes for sale are displayed at a shop in the Mullae-dong steel product district in Seoul July 13, 2010. REUTERS/Jo Yong-Hak/File Photo SEOUL/SYDNEY (Reuters) – U.S. President Donald Trump’s planned tariffs on steel and aluminum will distort ... More »

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Gold as an inflation hedge? Well, sort of…

FILE PHOTO: Gold bars at the Austrian Gold and Silver Separating Plant ‘Oegussa’ in Vienna, Austria, March 18, 2016. REUTERS/Leonhard Foeger/File Photo LONDON (Reuters) – Rising inflation has put gold back on the radar for investors looking to protect themselv... More »

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PNG declares state of emergency after deadly quake strikes rugged…

Locals surround a house that was covered by a landslide in the town of Mendi after an earthquake struck Papua New Guinea’s Southern Highlands, in this image taken February 27, 2018 obtained from social media. Francis Ambrose/via REUTERS ATTENTION EDITORS – THI... More »

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Two arrested in Japanese fast-train bid-rigging case

TOKYO (Reuters) – A Kajima Corp official and a former executive of Taisei Corp were arrested on Friday as part of an investigation into the suspected rigging of bids for a Japanese high-speed rail project, prosecutors said. Prosecutors are investigating constr... More »

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German monthly retail sales unexpectedly drop in January

FILE PHOTO: Shopping mall Blechen Carre is seen in Cottbus, Germany, January 24, 2018. REUTERS/Axel Schmidt/File Photo BERLIN (Reuters) – German monthly retail sales unexpectedly declined in January, data showed on Friday, in a sign that private consumption ma... More »

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In surprise move, South Korea reappoints Lee as BOK chief for…

FILE PHOTO – Bank of Korea Governor Lee Ju-yeol speaks during a news conference in Seoul, South Korea, November 30, 2017. REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korea has reappointed current central bank chief Lee Ju-yeol for another term on Friday, a mov... More »

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Asian stocks tumble as Trump sparks global trade war fears

Investors look at computer screens showing stock information at a brokerage house in Shanghai, China February 9, 2018. REUTERS/Aly Song TOKYO (Reuters) – Stock markets in Asia extended Wall Street’s overnight rout on Friday, with investors spooked by the spect... More »

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Japan’s central bank chief says may debate easy policy exit if…

Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a lower house budget committee session at the parliament in Tokyo, Japan, February 13, 2018. REUTERS/Toru Hanai TOKYO (Reuters) – Japan’s central bank chief said on Friday it would consider ending ultra-loos... More »

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Del Potro maintains mastery over Thiem with Acapulco win

(Reuters) – Argentine Juan Martin del Potro maintained his perfect career record against Dominic Thiem on Thursday with a popular 6-2 7-6(7) victory over the Austrian in their Acapulco Open quarter-final in Mexico. The former U.S. Open champion raced through t... More »

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GM’s South Korea sales slump after shuttering factory

FILE PHOTO: The main gate to GM Korea’s Gunsan factory is seen in Gunsan, South Korea February 13, 2018. Yonhap via REUTERS/File Photo SEOUL (Reuters) – General Motors’ (GM.N) sales in South Korea slumped 19 percent in February, hurt by its decision to shut do... More »

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SAIC, Infineon form JV to make electric car power modules in China

FILE PHOTO: SAIC Motor Corp’s logos are pictured at its booth during the Auto China 2016 auto show in Beijing, China April 26, 2016. REUTERS/Kim Kyung-Hoon/File Photo FRANKFURT (Reuters) – Chinese car maker SAIC Motor Corp Ltd and German chipmaker Infineon Tec... More »

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Factbox: What to expect from China’s annual meeting of parliament

(Reuters) – Around 3,000 delegates to the annual meeting of China’s largely rubber-stamp parliament, the National People’s Congress, will meet in Beijing’s Great Hall of the People on March 5 for a session that will last around two weeks. Here is an overview o... More »