Tesla hit by class-action lawsuit claiming racial discrimination

Published 9y ago

U.S. automaker Tesla Inc on Monday was hit with a class-action lawsuit claiming its California production plant is a "hotbed for racist behavior." More »

Republicans confident of passing House tax bill: Brady

Published 9y ago

The U.S. House of Representatives Republican leadership is confident it has the votes to pass a tax overhaul bill when it comes to the House floor later this week, the chairman of the tax-writing Ways and Means committee, Representative Kevin Brady, said Monda... More »

Qualcomm rejects Broadcom`s $103-billion takeover bid

Published 9y ago

Mobile chipmaker Qualcomm Inc on Monday rejected rival Broadcom Ltd's $103-billion takeover bid, saying the offer undervalued the company and would face regulatory hurdles. More »

Trump to meet with U.S. House Republicans Thursday about taxes: White House

Published 9y ago

President Donald Trump will meet with Republican members of the U.S. House of Representatives on Thursday ahead of the chamber's vote on tax reform legislation, the White House said on Monday. More »

Muni market breathes `sigh of relief` over Senate tax plan

Published 9y ago

The U.S. Senate Republican tax bill helped soothe nerves in the municipal bond market on Friday, just over a week after the House of Representatives proposed changes that would decrease its future supply of tax-free debt. More »

U.S. junk bond sector ends rough week on calmer note

Published 9y ago

Cracks in the red-hot U.S. high-yield bond market are starting to widen, with two junk-rated companies pulling their deals on Friday and U.S.-based high-yield funds suffering their second consecutive week of cash withdrawals. More »

Nvidia set to open at record on soaring Volta chip demand

Published 9y ago

Shares of Nvidia Corp (NVDA.O) are set to open at a record on Friday, after it posted stellar quarterly results powered by higher demand for graphics chips used in gaming and data centers, and the rapid adoption of its new Volta chips for AI and driverless car... More »

Russia, bracing for U.S. sanctions, to woo Chinese investors for its bonds

Published 9y ago

Russia plans to hold a non-deal road show in China soon to pitch its OFZ treasury bonds denominated in yuan to Chinese investors, as a safeguard against new U.S. sanctions causing other foreign investors to exit the bonds, a Russian deputy finance minister sai... More »

German prosecutors raid German bank in tax evasion probe

Published 9y ago

German prosecutors said on Friday they had searched a major Frankfurt bank as well as the homes of several suspects on suspicion of tax evasion via so-called "cum-ex" transactions. More »

Top EU lawmaker tells ECB to drop bad loans plan

Published 9y ago

The European Central Bank should scrap plans for industry-wide rules to force banks to clean up bad loans, the head of the European Parliament's influential economic affairs committee said on Friday, as lawmakers dug in their heels in a dispute. More »

J.C. Penney`s same-store sales come in above its estimates

Published 9y ago

Department store chain J.C. Penney Co Inc (JCP.N) reported third-quarter same-store sales that were twice what it had estimated, sending its shares up 9 percent in premarket trading on Friday. More »

Industry shines in otherwise hazy vista for UK economy

Published 9y ago

British industry had its strongest month so far this year in September, but more signs of strain on consumers and a plunge in construction were reminders that the economy looks set for a difficult 2018 as Brexit approaches. More »

Kobe Steel blames data scandal on focus on profit, lack of controls

Published 9y ago

Kobe Steel Ltd said on Friday a lack of quality controls and a focus on profits was behind the widespread data tampering that has shaken up the supply chains of car and plane makers around the world. More »

Middle East tensions loom over Dubai aerospace pageant

Published 9y ago

Rising Middle East tensions and a corruption crackdown in Saudi Arabia will cast a shadow over next week's Dubai Airshow, as military and aerospace leaders try to gauge whether they might prolong a weapons-buying spree in the region. More »

Global stocks dip on U.S. tax doubts

Published 9y ago

World stocks edged lower on Friday on signs that U.S. tax reforms could be delayed after Senate Republicans offered a plan that differed significantly from the House of Representatives' version. More »

Uber loses UK appeal bid to overturn workers` rights decision

Published 9y ago

Taxi app Uber [UBER.UL] lost a bid on Friday to overturn a decision by a tribunal which had said its drivers deserved workers' rights such as the minimum wage, in a blow to the company as it also battles to keep its license in London. More »

Dueling Republican tax plans advance in Congress

Published 9y ago

U.S. Senate Republicans unveiled a tax plan on Thursday that differed from the House of Representatives' version on several key fronts, including how they treat the corporate tax rate, the tax deduction for state and local taxes, and the estate tax. More »

LSE to hold vote on investor`s call to oust chairman

Published 9y ago

London Stock Exchange Group (LSE.L) will fix a date within three weeks for a shareholder vote on the removal of Chairman Donald Brydon and retention of CEO Xavier Rolet at the behest of activist investor TCI Fund Management, it said on Friday. More »

Ministerial meeting on Airbus A400M delayed until February: sources

Published 9y ago

NATO buyer nations for the European A400M military transport plane have postponed a ministerial meeting on the troubled program for three months until February, said two sources familiar with the 20 billion euro project. More »

Bitcoin slides by over $1000 in less than 48 hours

Published 9y ago

Bitcoin dropped below $7,000 on Friday to trade more than 5 percent down on the day, having fallen by well over $1,000 since hitting an all-time high on Wednesday. More »

Stock market fall `not the Big One`, says BAML

Published 9y ago

Investors poured a record $1.3 billion into funds managing tech shares over the past week, contrasting with a picture of ebbing inflow into world equity vehicles and losses on U.S. stock funds, Bank of America Merrill Lynch (BAML) said on Friday. More »

Senate tax plan does not kill electric vehicle credit

Published 9y ago

A U.S. Senate tax reform proposal unveiled on Thursday does not eliminate a $7,500 electric vehicle tax credit as Republicans in the U.S. House of Representatives have proposed. More »

U.S. begins $4.05 billion Madoff fund payout, thousands to recoup losses

Published 9y ago

The U.S. government said it has begun distributing $772.5 million from a $4.05 billion fund to compensate victims of Bernard Madoff's Ponzi scheme, ending a nearly nine-year wait for thousands of people to start recouping their losses. More »

Exclusive: Baring Private Equity Asia raising new $6 billion fund – sources

Published 9y ago

Hong Kong-based Baring Private Equity Asia is aiming to raise $6 billion in a new Asian fund, as investors hungry for growth in emerging markets fuel a regional fund-raising bonanza, five people with knowledge of the matter said. More »

Future Saudi king tightens grip on power with arrests including Prince Alwaleed

Published 9y ago

Saudi Arabia's future king has tightened his grip on power through an anti-corruption purge by arresting royals, ministers and investors including billionaire Alwaleed bin Talal who is one of the kingdom's most prominent businessmen. More »

Saudi`s Al-Tayyar says work continues despite board member reportedly detained

Published 9y ago

Saudi Arabia's Al Tayyar Travel said on Monday that its business was continuing despite media reports that one of its non-executive board members had been detained. More »

Oil hits highest levels since 2015 amid tightening markets, Saudi purge

Published 9y ago

Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia's crown prince cemented his power over the weekend through an anti-corruption crackdown that included high profile arrests. More »

Asia shares slip from decade highs, oil at two-year top on Saudi purge

Published 9y ago

Asian shares stepped back from recent decade highs on Monday while major currencies held in tight ranges and oil jumped to a more than two-year peak as Saudi Arabia's crown prince cemented his power through an anti-corruption crackdown. More »

China Oct data to show economy resilient even as momentum fades slightly

Published 9y ago

A burst of Chinese data over the next few weeks is expected to show the world's second-biggest economy cooled further in October as policy makers harden efforts to reduce financial risks and foster long term sustainable growth. More »

Saudi princes accused of bribery, embezzlement, money laundering: official

Published 9y ago

Bribery, embezzlement, money laundering and abuse of power are among the accusations leveled against dozens of Saudi princes, officials and businessmen detained in an anti-corruption probe, a Saudi official told Reuters on Monday. More »

China offers tax-free interest income in bid to spur lending to small firms

Published 9y ago

China will exempt banks' interest income from loans to small firms and rural households from value added tax, authorities said on Monday, in the latest step to address a long-standing issue of lack of financing to small firms. More »

Kobe Steel executives to decide whether to resign after external probe: sources

Published 9y ago

Kobe Steel (5406.T) executives, including President Hiroya Kawasaki, will decide whether to resign to take responsibility for a cheating scandal after a report from independent investigators due by year-end, two sources told Reuters. More »

Factbox: Prince Alwaleed`s international and domestic investments

Published 9y ago

Saudi Arabia embarked on an anti-corruption purge on Sunday involving the arrest of royals, ministers and investors including billionaire Alwaleed bin Talal, one of the kingdom's most prominent businessmen. More »

DBS third-quarter profit in surprise slide to five-year low on oil and gas provisions

Published 9y ago

Singapore's DBS Group Holdings (DBSM.SI) booked an unexpected slide in quarterly profit on Monday, with income falling 23 percent to a five-year low as it nearly doubled provisions for loans to the troubled oil and gas industry. More »

Lotte gets approval for China property project as bilateral tensions ease

Published 9y ago

Lotte Corp (004990.KS) said on Monday that a major property development in China had received approval from local authorities to start a second phase of construction - the latest sign that tension between Beijing and Seoul is easing. More »

House weighing `host of ideas` in tax bill revision, Ryan says

Published 9y ago

U.S. House of Representatives Speaker Paul Ryan said on Sunday that Republican lawmakers are weighing a "host of ideas" as the House tax-writing committee begins revising a tax bill this week, though he expects the broad outlines to remain the same. More »

Altice USA, Sprint agree to wireless partnership

Published 9y ago

U.S. cable operator Altice USA will sell mobile service on wireless carrier Sprint Corp's network under a new multi-year agreement announced on Sunday, becoming the latest firm to enter the wireless market in a bid to retain customers. More »

Amazon discounts other sellers` products as retail competition stiffens

Published 9y ago

Amazon.com Inc (AMZN.O) is cutting prices of products from third-party sellers on its website, moving beyond its more typical method of discounts on items it sells directly. More »

Growth without scale: Deutsche Telekom`s T-Mobile headache

Published 9y ago

The collapse of the attempt by T-Mobile US to merge with Sprint Corp will underline its importance as a driver of growth when its main owner, Deutsche Telekom, reports quarterly results this week. More »

Ryan says Obamacare mandate repeal on table in tax debate: Fox News Sunday

Published 9y ago

U.S. House speaker Paul Ryan said his colleagues might use the tax overhaul currently under consideration to repeal the Affordable Care Act provision that mandates individuals buy health insurance. More »

Multinationals grapple with Republican excise tax surprise

Published 9y ago

The Republican tax bill unveiled last week in the U.S. Congress could disrupt the global supply chains of large, multinational companies by slapping a 20-percent tax on cross-border transactions they routinely make between related business units. More »

Sprint, T-Mobile call off merger after months of talks

Published 9y ago

Sprint Corp (S.N) and T-Mobile US Inc (TMUS.O) said on Saturday they have called off merger talks to create a stronger U.S. wireless company to rival market leaders, leaving No. 4 provider Sprint to engineer a turnaround on its own. More »

T-Mobile to pursue growth after Sprint talks end: Deutsche Telekom

Published 9y ago

T-Mobile US (TMUS.O) will pursue a growth strategy in the United States after ending merger talks with Sprint Corp (S.N) on Saturday, majority owner Deutsche Telekom (DTEGn.DE) said. More »

Broadcom plans record tech deal with Qualcomm bid: sources

Published 9y ago

Communications chipmaker Broadcom Ltd (AVGO.O) is planning to unveil a bid for smartphone chip supplier Qualcomm Inc (QCOM.O) by Monday, three sources familiar with the matter said on Friday, an attempt to create a roughly $200-billion company through the bigg... More »

Irish PM says future of $1 billion Apple data center uncertain

Published 9y ago

A planned $1 billion Apple data center is in doubt after Irish Prime Minister Leo Varadkar said the U.S. company's Chief Executive Tim Cook would no longer commit to it, adding that Dublin would do whatever necessary to get it built. More »

U.S. banks in cross-hairs as Powell could help and hinder

Published 9y ago

With the announcement of Jerome Powell as the new Federal Reserve Chair, banks are likely to see a battle between a boost from deregulation supported by the new Fed leader and the challenge of a flattening yield curve as monetary policy is likely to remain on ... More »

JPMorgan expects Fed to raise rates four times in 2018

Published 9y ago

JPMorgan Chase & Co on Friday raised its forecast on the number of U.S. interest rate increases by the Federal Reserve next year to four from three as the October payrolls data reinforced the view of a tightening domestic labor market. More »

Wells Fargo faces lawsuits over mortgage and auto loans

Published 9y ago

Wells Fargo & Co is facing litigation over previously disclosed sales problems related to its auto lending and mortgage businesses, the bank disclosed in a regulatory filing on Friday. More »

Republican tax plan would deal financial hit to U.S. universities

Published 9y ago

The Republican tax plan unveiled on Thursday stirred anger at U.S. universities, which said its proposals to tax endowments of private institutions and repeal a deduction for student-loan interest payments would hurt institutions and students. More »

New SEC guidance could raise bar for some shareholder measures

Published 9y ago

Companies may have new grounds to keep shareholder proposals on social or ethical matters from coming to a vote at their annual meetings under guidance published late on Wednesday by the U.S. Securities and Exchange Commission. More »

Investors parse impacts on multinationals from House tax bill

Published 9y ago

A U.S. Republican tax bill unveiled on Thursday offers big multinational companies more benefits than minuses, and could free up extra cash for investments, dividends or improving balance sheets. More »

New York regulator to quiz senior Barclays staff over whistleblowing scandal: source

Published 9y ago

New York state's banking regulator will be interviewing senior Barclays executives from New York and London over a whistleblowing scandal in the coming weeks, a source familiar with the situation said. More »

Activist White Tale wants three seats on Clariant board

Published 9y ago

Activist investor White Tale on Monday demanded three seats on Clariant's board and an independent strategic review of the Swiss speciality chemicals group after thwarting its plans to merge with U.S. peer Huntsman in a $20 billion deal. More »

U.S. regulator wants to loosen leash on Wells Fargo: sources

Published 9y ago

A leading U.S. regulator wants to make it easier for Wells Fargo to pay employees when they leave, loosening a restriction in place since a phony accounts scandal hit the bank last year, according to people familiar with the matter. More »

U.S. oil exports boom, putting infrastructure to the test

Published 9y ago

Tankers carrying record levels of crude are leaving in droves from Texas and Louisiana ports, and more growth in the fledgling U.S. oil export market may before long test the limits of infrastructure like pipelines, dock space and ship traffic. More »

Kobe Steel to withdraw earnings forecast after data scandal: Nikkei

Published 9y ago

Embattled Kobe Steel Ltd has decided to withdraw its forecast for the current financial year as it struggles to quantify the impact of its data falsification scandal, the Nikkei business daily reported on Monday. More »

Nippon Steel president says to support Kobe Steel if any request comes

Published 9y ago

Nippon Steel & Sumitomo Metal Corp, Japan's biggest steelmaker and a shareholder of Kobe Steel Ltd, is willing to provide support to Kobe if it receives any request, the president of Nippon Steel said on Monday. More »

Dollar edges away from highs, Spain crisis pressures euro

Published 9y ago

The dollar edged away from last week's three-month highs on Monday, while the euro nursed losses after the European Central Bank and unrest in Spain's Catalonia led it to post its worst week this year. More »

Asia shares get technology boost, crude near two-year top

Published 9y ago

Asian shares climbed on Monday, as technology stocks were bolstered by solid earnings from U.S. tech stalwarts and on strong pre-orders for Apple's iPhone X, while oil hovered around a 2-year peak on supply fears. More »

China October factory growth seen easing slightly as smog war begins

Published 9y ago

Activity in China's manufacturing sector likely grew at a slightly slower pace in October as the government began a major crackdown on air pollution, ordering many steel mills, smelters and factories to curtail or halt production over the winter, a Reuters pol... More »

Oil markets stable on expected extension of output cuts

Published 9y ago

Oil markets were stable on Monday, with Brent remaining above $60 per barrel supported by expectations that an OPEC-led production cut due to expire next March would be extended. More »

Japan`s retail sales show strength in consumer spending

Published 9y ago

Japan's retail sales rose in September at the fastest pace in three months as shoppers spent more on clothes and daily goods in a sign that consumer spending remains strong due to a tight labor market. More »

UK government should drop budget surplus promise, says IFS

Published 9y ago

British finance minister Philip Hammond's aim to run a budget surplus by the mid-2020s risks being thrown off track next month if official forecasters rein in rosy assumptions about long-run growth, a leading think tank warned on Monday. More »

Flood of Chinese capital seen shaking up aviation finance

Published 9y ago

A flood of low-cost Chinese funding is shaking up the global aircraft leasing market, with Chinese capital now accounting for 28 percent of the $261 billion deployed by leasing firms worldwide, a study suggested on Monday. More »

As China`s home prices cool, some property companies seek to reduce risks

Published 9y ago

As the froth comes off China’s home prices, there are increasing signs that some property developers, particularly those with a heavy debt load, are becoming less aggressive. More »

GM settles California county recall case for $13.9 million

Published 9y ago

General Motors Co agreed to a $13.9 million settlement with Orange County, California after prosecutors accused the Detroit automaker of intentionally concealing serious safety defects including those involving faulty ignition switches tied to nearly 400 death... More »

Germany to confirm size of expected budget surplus next month

Published 9y ago

Germany expects a budget surplus in 2017, but will not know its full extent until Nov. 9 when the finance ministry gets a new assessment of expected tax revenues, acting Finance Minister Peter Altmaier told broadcaster ARD on Sunday. More »

GE Board did not know about CEO`s extra plane: WSJ

Published 9y ago

General Electric Co (GE.N) executives did not tell the multinational conglomerate's board until October about a spare business jet that routinely flew for its now-retired chief executive, the Wall Street Journal reported on Sunday, citing people familiar with ... More »

Italian bank inquiry points to improper behavior, commission`s chairman tells paper

Published 9y ago

A new investigation of Italian banking scandals by a parliamentary commission has already revealed some improper behavior, the commission's chairman, Pier Ferdinando Casini, told the newspaper La Repubblica in an interview. More »

Chevron drops decision to leave Bangladesh

Published 9y ago

The U.S. oil company Chevron (CVX.N) will not sell three subsidiaries and leave Bangladesh as planned, Chevron said on Sunday. More »

CVS bid for Aetna: A $66 billion bet on cutting drug costs

Published 9y ago

The proposed merger between U.S. pharmacy operator CVS Health Corp and No. 3 health insurer Aetna Inc represents a $66 billion bet that insurers can drive down high U.S. drug prices by cutting out the middleman. More »

Telekom CEO argues for strong No. 3 player in U.S. wireless market: newspaper

Published 9y ago

A strong No. 3 player in the U.S. wireless market would enhance competition, the chief of Deutsche Telekom (DTEGn.DE) told a German newspaper, as T-Mobile US Inc (TMUS.O) seeks to merge with Sprint Corp (S.N). More »

China`s Baidu teams up with Shouqi on driverless cars: Xinhua

Published 9y ago

Chinese search engine giant Baidu and Shouqi Limousine & Chauffeur, a car-hailing operator, are joining up to develop driverless vehicles, the official Xinhua media service reported on Saturday. More »

FCC media rule rollback could usher in TV station buying spree

Published 9y ago

The Republican-led Federal Communications Commission is moving to quickly undo roadblocks to increased consolidation among media companies, potentially unleashing an onslaught of deals among TV, radio and newspaper owners as they seek to better compete with o... More »

U.S. wants to remove `unnecessary` barriers to self-driving vehicles

Published 9y ago

The U.S. National Highway Traffic-Safety Administration said Friday it is looking for input on how it can remove regulatory roadblocks to self-driving cars. More »

U.S. SEC close to forming group to scrutinize the bond market

Published 9y ago

The U.S. Securities and Exchange Commission has taken the first step in formally establishing an advisory committee to scrutinize the rules of the fixed income market and advise on potential reforms, according to a regulatory filing. More »

U.S. investigating forex trading at Wells Fargo: WSJ

Published 9y ago

Federal prosecutors are investigating foreign-exchange trading at Wells Fargo & Co and have subpoenaed information from the firm, the Wall Street Journal reported, citing people familiar with the matter. More »

McDonald`s sets new welfare standards for chickens

Published 9y ago

McDonald's Corp will require suppliers to follow new standards for raising and slaughtering chickens served in its restaurants, the company said on Friday, the latest changes affecting popular menu items like McNuggets. More »

CVS deal for Aetna could help retailer face Amazon entry: analysts

Published 9y ago

U.S. pharmacy operator CVS Health Corp's (CVS.N) move to buy health insurer Aetna Inc (AET.N) could shore-up CVS' vulnerable pharmacy business and spur another round of dealmaking in an industry fearing Amazon's arrival, analysts said. More »

SEC fines UBS $3.5 million for overcharging mutual fund customers

Published 9y ago

UBS AG (UBSG.S) will pay a $3.5 million civil fine to settle U.S. Securities and Exchange Commission claims that it overcharged customers on mutual funds, the regulator said on Friday. More »

Alphabet`s mobile ad revenue surges- shares jump

Published 9y ago

Alphabet Inc on Thursday reported stronger-than-expected advertising sales and higher operating margins, boosting its shares as investors brushed off concerns about higher costs for acquiring mobile users. More »

Activist investors scupper $20 billion Clariant-Huntsman merger

Published 9y ago

Swiss specialty chemicals maker Clariant and U.S. group Huntsman abandoned their $20 billion merger on Friday, notching a win for activist investors who fought the deal for months on the grounds it would destroy shareholder value. More »

Japan`s factory output seen down in September, rising trend intact

Published 9y ago

Japan's industrial production was expected to show a fall in September after solid gains the previous month, a Reuters poll found, although analysts say the trend remains upward thanks to expanding global demand. More »

Bank of Korea seen hiking rates November 30 for first time in over six years: poll

Published 9y ago

South Korea's central bank is expected to raise interest rates for the first time in more than six years at its Nov. 30 meeting, months earlier than previously anticipated, after the economy grew at a robust pace in the third quarter. More »

Asian shares gain after upbeat earnings from U.S. tech titans

Published 9y ago

Asian shares gained on Friday as technology stocks were boosted by upbeat earnings from U.S. high-tech giants while the euro hovered near a three-month low against the dollar after the European Central Bank extended its stimulus. More »

CVS makes more than $66 billion bid for Aetna: sources

Published 9y ago

U.S. pharmacy operator CVS Health Corp has made an offer to acquire No. 3 U.S. health insurer Aetna Inc for more than $200 per share, or over $66 billion, people familiar with the matter said on Thursday. More »

Self-driving startups race down a narrowing road

Published 9y ago

Lei Xu and Justin Song once worked at electric carmaker Tesla Inc, one of the hottest companies in Silicon Valley. But with interest and investments in autonomous vehicles mounting, they left to pursue what they see as the next big thing. More »

Factbox: Six self-driving unicorns top $1 billion in valuation

Published 9y ago

In a crowded field of more than 240 startups in self-driving cars, six companies -- four of them in Silicon Valley -- have achieved unicorn status, with valuations of $1 billion or more, according to industry estimates and publicly available data. Here's a clo... More »

Wall Street loves electric cars, America loves trucks

Published 9y ago

Wall Street may love the shares of Silicon Valley electric carmaker Tesla Inc, but Americans love big, fuel-thirsty trucks like Ford Motor Co's bestselling F-Series pickups and are paying ever higher prices to buy them. More »

Tesla cuts Model 3 part orders to Taiwan supplier Hota: report

Published 9y ago

Luxury electric carmaker Tesla (TSLA.O) plans to slash by 40 percent its orders for parts for the new Model 3 mass-market sedan from Taiwanese auto component maker Hota Industrial Mfg. Co (1536.TW) from December, according to a media report. More »

Clariant, Huntsman abandon $20 billion merger as opposition intensifies

Published 9y ago

Swiss specialty chemicals maker Clariant and Huntsman have agreed to abandon their proposed $20 billion merger, bowing to a growing number of shareholders who had joined activist investor White Tale to oppose the deal. More »

U.S. economy likely slowed by hurricanes in third quarter

Published 9y ago

U.S. economic growth probably slowed in the third quarter as hurricanes Harvey and Irma restrained consumer spending and undercut construction activity, but underlying momentum likely remained strong amid robust business investment on equipment. More »

China`s September industrial profits surge most in nearly six years

Published 9y ago

Lin Wong More »

Mexican Senate approves part of budget, raising funds for quake recovery

Published 9y ago

The Mexican Senate on Thursday approved part of the country's budget for 2018, raising the assumptions for oil prices and the exchange rate, a move that will help increase fund allocations for reconstruction after two devastating earthquakes last month. More »

Insured losses from deadly California wildfires could hit $3 billion

Published 9y ago

Insured property losses from wildfires that raged through Northern California wine country this month, killing at least 42 people and destroying thousands of businesses and homes, could total $2 billion to $3 billion, a risk-modeling firm said on Thursday. More »

Singapore`s labor market improving, but wage pressures unlikely to surge: MAS

Published 9y ago

Singapore's labor demand is expected to improve in the near term but accumulated slack in the market will take time to be absorbed and wage pressures are unlikely to build up rapidly, the central bank said on Friday. More »

Cloud computing drives massive growth for big U.S. tech firms

Published 9y ago

Amazon.com Inc (AMZN.O), Microsoft Corp (MSFT.O), Alphabet Corp’s (GOOGL.O) Google and Intel Corp (INTC.O) are all putting their chips on the cloud computing business, and it is booming. More »

Subaru was lax on final inspection rules for Japan cars: sources

Published 9y ago

Subaru Corp (7270.T) failed to follow proper inspection procedures for vehicles destined for the domestic market at a factory in Japan, two people with knowledge of the matter said on Friday. More »

China`s focus on quality of growth to be positive for its ratings: Moody`s

Published 9y ago

China's focus on the quality of its growth rather than on the pace of its expansion will boost productivity and reduce financial vulnerability, developments that would be positive for the country's ratings, Moody's Investors Service said. More »

China central bank queries demand for two-month reverse repos: source

Published 9y ago

China's central bank has sent queries to some banks to gauge market demand for two-month reverse repurchase agreements, a person with knowledge of the matter said on Thursday, as fresh worries about liquidity buffeted its financial markets. More »

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