BEIJING (Reuters) – China’s efforts to reduce its reliance on debt and find a more sustainable route to grow its economy may be derailed by the simmering trade dispute with the United States, economists warn. This was the year that Beijing was expected to step... More »
NEW YORK (Reuters) – Many U.S. stocks cheapened up during the first quarter’s choppy trading scene, relieving some concern investors had about lofty valuations. But the companies that move goods through a humming economy now look among the market’s best bargai... More »
NEW YORK (Reuters) – A $117 million verdict against Johnson & Johnson (JNJ.N) and a supplier in favor of a man who said his asbestos-related cancer was caused by long-term use of J&J’s Baby Powder could open a new front for thousands of cases claiming the wide... More »
HONG KONG (Reuters) – China’s rising investment in research and expansion of its higher education system mean that it is fast closing the gap with the United States in intellectual property and the struggle to be the No.1 global technology power, according to ... More »
SYDNEY/SHANGHAI (Reuters) – Chinese President Xi Jinping on Tuesday promised to open the country’s economy further and lower import tariffs on products including cars, in a speech that struck a conciliatory tone on the rising trade tensions between China and t... More »
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 »
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 »
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 »
FILE PHOTO: A surgery nurse is seen beside the heart beat monitor in the operating theatre of the Unfallkrankenhaus Berlin (UKB) hospital in Berlin, Germany February 29, 2008. REUTERS/Fabrizio Bensch /File Photo LONDON (Reuters) – Drugmakers are racing to scoo... More »
FILE PHOTO: A customer carries a Lego box at a Lego store in Beijing, China January 13, 2018. REUTERS/Jason Lee/File Photo BEIJING/SHANGHAI (Reuters) – Danish toymaker Lego is hoping to build a following with Chinese parents by promoting its place in the class... More »
FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, November 20, 2012. REUTERS/Arnd Wiegmann/File Photo TORONTO/MELBOURNE (Reuters) – As shareholders push the world’s cash-rich miners to ... More »
FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 8, 2018. REUTERS/Brendan McDermid NEW YORK (Reuters) – You ain’t seen nothing yet. Some veteran investors who were vindicated in calling for a pullback in s... More »
(This February 11 story has been refiled to add dropped word "they" in second paragraph) More »
President of the Presidium of the Supreme People’s Assembly of North Korea Kim Young Nam and Kim Yo Jong, the sister of North Korea’s leader Kim Jong Un, are greeted by South Korea’s Prime Minister Lee Nak-yeon as they smile before a banquet in Seoul, South Ko... More »
A specialist trader works at his post on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., February 9, 2018. REUTERS/Brendan McDermid NEW YORK (Reuters) – Bond vigilantes could be finding allies in the stock market. With inflation fears back ... More »
Traders work on the floor of the New York Stock Exchange ahead of the opening bell in New York, U.S., February 7, 2018. REUTERS/Brendan Mcdermid NEW YORK (Reuters) – As the U.S. stock market suffered its worst selloff in more than six years on Monday, Richmond... More »
Newly hired employees take a break from training to pose for a group photo at the chain’s soon-to-open 54th outlet in Oakland, California ,U.S., January 24, 2018. REUTERS/Ann Saphir OAKLAND, Calif./CANTON, N.Y./WASHINGTON (Reuters) – The kind of pay raises for... More »
FILE PHOTO: A Wells Fargo bank sign is pictured in downtown Los Angeles, California, U.S. August 10, 2017. REUTERS/Mike Blake/File Photo BOSTON (Reuters) – The Federal Reserve’s surprise ban on Wells Fargo & Co growing its balance sheet comes at a difficult ju... More »
FILE PHOTO: The BlackRock logo is seen at the BlackRock Japan headquarters in Tokyo, Japan, October 20, 2016. REUTERS/Toru Hanai/File Photo NEW YORK (Reuters) – As new rules spur Wall Street banks to further shrink their research budgets, U.S. asset management... More »
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., February 2, 2018. REUTERS/Lucas Jackson NEW YORK (Reuters) – For nearly nine years, the global hunt for yield sent you to one place: the U.S. stock marke... More »
FILE PHOTO: Workers hired by U.S. oil and gas company Apache Corp drill a horizontal well in the Wolfcamp Shale in west Texas Permian Basin near the town of Mertzon, Texas, U.S., October 29, 2013. REUTERS/Terry Wade/File Photo NEW YORK (Reuters) – Surging shal... More »
FILE PHOTO: People walk past J.P. Morgan Tokyo Building in Tokyo May 11, 2012. REUTERS/Toru Hanai/File Photo HONG KONG/SINGAPORE/TOKYO (Reuters) – Western banks are bulking up in Japan, attracted by record investment banking fees and expectations of a rise in ... More »
A horse-drawn carriage is pictured on a street in Dragomiresti, Dambovita county, Romania, January 23, 2018. Picture taken January 23, 2018. Inquam Photos/Octav Ganea via REUTERS DRAGOMIRESTI, Romania (Reuters) – Romanian mayor Dragos Vladulescu has a criminal... More »
FILE PHOTO: Administrator of the Centers for Medicare and Medicaid Services Seema Verma speaks after being sworn in by U.S. Vice President Mike Pence in Washington, U.S., March 14, 2017. REUTERS/Kevin Lamarque/File Photo (Reuters) – A lawsuit challenging the U... More »
A woman walks in front of a currency exchange shop in the town of Esztergom, Hungary November 11, 2017. Picture taken November 11, 2017. REUTERS/Laszlo Balogh ESZTERGOM, Hungary/STUROVO, Slovakia (Reuters) – On the euro zone’s eastern flank, some Slovaks in th... More »
Mobile memory chips made by chipmaker SK Hynix are seen in this picture illustration taken in Seoul May 10, 2013. REUTERS/Lee Jae-Won SEOUL (Reuters) – After a blistering year-and-a-half long surge, a sudden drop in some memory prices, followed by Samsung Elec... More »
FILE PHOTO: Marijuana is seen for sale at Harborside, one of California’s largest and oldest dispensaries of medical marijuana, on the first day of legalized recreational marijuana sales in Oakland, California, U.S., January 1, 2018. REUTERS/Elijah Nouvelage/F... More »
SAN FRANCISCO (Reuters) – Global drugmakers are looking to a tiny biotech’s $850,000 therapy for a rare type of blindness as a model for getting paid for highly expensive – and effective – new medicines. Spark Therapeutics Inc plans to launch its recently appr... More »
FILE PHOTO: Workers prepare their store for customers at a newly built Walmart Super Center prior to its opening in Compton, California, U.S., January 10, 2017. REUTERS/Mike Blake/File Photo WASHINGTON (Reuters) – Walmart’s tit-for-tat minimum wage battle with... More »
FILE PHOTO: Apartment blocks are pictured in Beijing, China December 16, 2017. REUTERS/Jason Lee/File Photo HONG KONG (Reuters) – China’s large developers are tightening their hold on the country’s real estate market, capturing an ever-larger share even as sal... More »
A Bitcoin logo is seen on a cryptocurrency ATM in Santa Monica, California, U.S., January 4, 2018. REUTERS/Lucy Nicholson NEW YORK (Reuters) – The going is getting tough for U.S. companies hoping to win the race to bring a bitcoin exchange-traded fund to marke... More »
A pet dog is pictured in a sofa as it waits to watch a movie in a cinema for dogs at Cute Beast Pet Resort in Beijing, China December 22, 2017. Picture taken December 22, 2017. REUTERS/Jason Lee PINGYANG, China/SHANGHAI (Reuters) – Li Mingjie is a pet industry... More »
FILE PHOTO: Sparks glow from broken Bitcoin (virtual currency) coins in this illustration picture, December 8, 2017. REUTERS/Dado Ruvic/Illustration/File Photo NEW YORK (Reuters) – Stocks that surged in recent weeks because of the cryptocurrency mania have man... More »
FILE PHOTO: Brokers trade at their computer terminals at a stock brokerage firm in Mumbai, India, February 17, 2016. REUTERS/Shailesh Andrade MUMBAI/HONG KONG (Reuters) – Funds raised in India through share sales reached the most in a decade this year thanks t... More »
LONDON (Reuters) – Hedge funds and other managers of catastrophe bond funds racked up some of the worst losses in more than a decade from this year’s hurricanes and wildfires. But a year that is shaping up to be the costliest on record for insurance losses fro... More »
FILE PHOTO: Fiber optic cables carrying internet providers are seen running into a server room at Intergate.Manhattan, a data center owned and developed by Sabey Data Center Properties, during a tour of the facility in lower Manhattan, in New York, March 20, 2... More »
The 21st Century Fox logo is seen outside the News Corporation headquarters in Manhattan, New York, U.S., April 29, 2016. REUTERS/Brendan McDermid/File photo (Reuters) – Walt Disney Co’s deal with Twenty-First Century Fox Inc gives the world’s best-known enter... More »
LOS ANGELES (Reuters) – Merck & Co Inc, maker of the only immunotherapy approved for patients newly-diagnosed with the most common type of lung cancer, could solidify its lead by playing the long game, even as rivals edge closer. Shares of Merck have fallen 10... More »
FILE PHOTO: A sign of Alibaba Group is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December 3, 2017. REUTERS/Aly Song/File Photo HANGZHOU, China (Reuters) – In a small village shop near the eastern Chinese city of Hang... More »
Jordanian Dinar, Yuan, Dollar, Canadian Dollar, Pound and Riyals banknotes are seen in this picture illustration taken June 13, 2017. REUTERS/Dado Ruvic/Illustration LONDON (Reuters) – How much are you worth? For the FX and bond analysts covering the world’s b... More »
FILE PHOTO: Genmab Chief Executive Jan van de Winkel poses for a photograph in London, Britain, October 13, 2016. REUTERS/Ben Hirschler/File Photo LONDON (Reuters) – Genmab (GEN.CO) was Europe’s second biggest biotech company, until its partner Johnson & Johns... More »
FILE PHOTO: A branch location of Fifth Third Bank is shown in Boca Raton, Florida, January 21, 2010. REUTERS/Joe Skipper (Reuters) – Squeezed by lower loan growth as interest rates finally begin to rise, regional U.S. banks have been giving more financial advi... More »
Bitcoin (virtual currency) coins placed on Dollar banknotes are seen in this illustration picture, November 6, 2017. REUTERS/Dado Ruvic/Illustration FRANKFURT (Reuters) – Central bankers say the success of bitcoin and other cryptocurrencies is just a bubble. B... More »
A general view shows the aerial subway and the city rooftops in Paris February 24, 2015. REUTERS/Gonzalo Fuentes PARIS/LONDON (Reuters) – The surprise decision to move the European Banking Authority to Paris will boost its chances of attracting London banks af... More »
An Airbus A380, the world’s largest jetliner, takes part in flying display, during the 52nd Paris Air Show at Le Bourget Airport near Paris, France June 25, 2017. REUTERS/Pascal Rossignol DUBAI (Reuters) – A preliminary deal to sell 36 A380s to Emirates blew u... More »
FILE PHOTO – The ticker and logo for General Electric Co. is displayed on a screen at the post where it’s traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 30, 2016. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – ... More »
based in Hong Kong and Beijing.) More »
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 »
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 »
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 »
Two years ago, Airbus Chief Executive Tom Enders halted negotiations to buy Canada's CSeries program at midnight after the talks with Bombardier leaked to Reuters. On Tuesday, he performed a U-turn by backing a similar deal after all - again at dead of night. More »
President Donald Trump's plan to make it easier for small businesses to band together and buy stripped-down health insurance plans could violate a federal law governing employee benefit plans and will almost certainly be challenged in court, legal experts said... More »
Investors who lend billions of euros to Spain every year are struggling to sketch out the repercussions for the country's finances of a possible independence proclamation by the wealthy region of Catalonia. More »
An unexpected helping hand from creditors, landlords and vendors is allowing more U.S. retailers to stay in business following bankruptcy with most of their stores and employees in the fold. More »
Imagine contact lenses that monitor glucose levels for diabetics, tiny implants to tackle chronic diseases, or algorithms that crunch data to predict illness rates. More »
Companies in Japan's service industries are struggling to hire and retain staff as the labor market becomes the tightest in decades, and are increasingly taking unorthodox steps to alleviate the shortage. More »
In the first two months after a June Supreme Court ruling allowed partial implementation of President Donald Trump's travel ban, visas issued on average each month to citizens of six countries targeted by the order were 18 percent lower compared to the month p... More »
This summer, toy supplier Product Launchers delivered 100,000 specially ordered DC Comics fidget spinners to Toys 'R' Us, unaware that the biggest U.S. toy store chain was in financial trouble. More »
Internet giants, including Alphabet's Google (GOOGL.O) and Facebook (FB.O), are moving to compromise on several major policy issues as they adjust to an abrupt shift in the political winds in Washington. More »
China's latest push to revive its bloated state-owned sector is set to pick up pace this year, with bankers and investors expecting possible spin-offs and asset sales to follow a key Communist Party Congress in October. More »
When President Donald Trump takes the world stage at the United Nations for the first time this week, he will share the spotlight with his envoy Nikki Haley, who has emerged as the surprising public face of U.S. foreign policy. More »
While U.S. corporate pensions regained some swagger after Wall Street’s record run this summer, they are still far from their heyday before the 2007-2009 credit crunch when they appeared to be in great shape to meet retirement obligations. More »
China's economy continues to defy expectations for a slowdown, buoyed by strong global demand for its exports and a resilient property market - despite a government pledge to crack down on rising risks. More »
North Korea's firing of a ballistic missile over Japan could increase pressure on Washington to consider shooting down future test launches, although there is no guarantee of success and U.S. officials are wary of a dangerous escalation with Pyongyang. More »
Lebanon has begun reforms to repair its fragile economy after years of paralysis in decision-making but is under pressure to do more to prevent its rising debt spinning out of control. More »
A money laundering probe at Commonwealth Bank of Australia (CBA.AX) is the latest in a slew of scandals denting the reputation of Australian banks as simple, reliable lenders at the forefront in the battle against financial crime. More »
Trade tensions between Washington and Beijing may be running high but Corporate America is finding China to be a reliable source of profit growth this year. More »
Asian investors, wary that the region’s stock markets and currencies have run up too far too fast and wondering whether it is time to take some money off the table, are finding that their concerns are not being reflected in major gauges of volatility and fear.... More »
Short sellers are increasingly targeting Hong Kong-listed Chinese companies they allege have committed accounting tricks, market manipulation and fraud. And that’s despite mounting hostility faced by investors who bet against stocks. More »
Houses under construction are seen at a subdivision near the town of Kleinburg, Ontario, Canada May 13, 2017. Canada’s long housing boom has drawn thousands into the sector, from realtors and home stagers to construction workers, and a looming slowdown threate... More »
FILE PHOTO: Apoorva Mehta, CEO of Instacart speaks during 2016 TechCrunch Disrupt in San Francisco, California, U.S. September 14, 2016. The bloom is off seed funding, the business of providing money to brand-new startups, as investors take a more measured app... More »
FILE PHOTO: Flags fly over the Federal Reserve Headquarters on a windy day in Washington, U.S., May 26, 2017. The Federal Reserve’s plan for shrinking its massive balance sheet envisions a future with no holdings of mortgage bonds, a prospect that could presen... More »
FILE PHOTO: Hosain Rahman, CEO and co-founder of Jawbone, speaks during the Samsung keynote with Jawbone products displayed in the background at the International Consumer Electronics show (CES) in Las Vegas, Nevada January 5, 2015. REUTERS/Rick Wilking Consum... More »
FILE PHOTO- A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012. REUTERS/Yuriko Nakao/File Photo As the $18 billion sale of Toshiba Corp’s memory chip unit to a government-approved consortium falter... More »
FILE PHOTO: Doctors and medical staff work during knee prosthesis surgery in an operation room at the hospital of the Canton of Nidwalden in Stans, Switzerland October 27, 2011. Picture taken October 27, 2011. REUTERS/Michael Buholzer/File Photo The world’s to... More »
FILE PHOTO: Signage for GlaxoSmithKline is seen on its offices in London, Britain, March 30, 2016. REUTERS/Toby Melville/File Photo The world’s leading drug companies are turning to artificial intelligence to improve the hit-and-miss business of finding new me... More »
FILE PHOTO: An Amazon.com Inc driver stands next to an Amazon delivery truck in Los Angeles, California, U.S. on May 21, 2016. REUTERS/Lucy Nicholson/File Photo Amazon.com Inc’s (AMZN.O) game-changing move to upend the grocery business with a surprise deal to ... More »
The New York Stock Exchange is seen from the steps of Federal Hall behind a Statue of former U.S. President George Washington in New York City, U.S., May 17, 2017. REUTERS/Brendan McDermid Investors betting trillions on ethically-appealing stocks may not be ge... More »
Actor and comedian Bill Cosby (C) reacts after a judge declared a mistrial in his sexual assault trial at the Montgomery County Courthouse in Norristown, Pennsylvania, U.S., June 17, 2017. REUTERS/Lucas Jackson Although Bill Cosby’s sexual assault trial ended ... More »
Flags fly over the Federal Reserve Headquarters on a windy day in Washington, U.S., May 26, 2017. REUTERS/Kevin Lamarque A surprisingly weak run of U.S. inflation data has investors backing off bets the Federal Reserve will meet its three targeted interest rat... More »
FILE PHOTO: A view of the London skyline shows the City of London financial district, seen from St Paul’s Cathedral in London, Britain February 25, 2017. REUTERS/Neil Hall/File Photo Global investors are distinguishing between the UK and the rest of Europe as ... More »
High rise private residential buildings are seen in Hong Kong, China May 21, 2017. Picture taken May 21, 2017. REUTERS/Bobby Yip Hong Kong’s latest attempt at cooling home prices in one of the world’s most expensive property markets is expected to send buyers ... More »
FILE PHOTO: The Hyundai logo is seen at the 2017 New York International Auto Show in New York City, U.S. April 12, 2017. REUTERS/Brendan Mcdermid/File Photo Bruised by anti-Korean sentiment in its biggest market and losing ground to local automakers, Hyundai M... More »
A demonstrator shows a picture of President Michel Temer near a burning barricade during a protest against Temer and the latest corruption scandal to hit the country, in Brasilia, Brazil, May 24, 2017. Picture taken May 24, 2017. The sign reads: ‘Out Temer!.’ ... More »
FILE PHOTO: Boxes of Ansell condoms are displayed for sale at a local pharmacy in Sydney, Australia, May 16, 2016. REUTERS/David Gray/File Photo April Zhang, a 21-year-old student from Shanghai, reflects the fast-shifting attitudes of China’s younger generatio... More »
FILE PHOTO – A view shows the U.S. Food and Drug Administration (FDA) headquarters in Silver Spring, Maryland August 14, 2012. REUTERS/Jason Reed/File Photo The number of new drugs approved for sale in United States and Europe has bounced back this year, sugge... More »
Newly named Ford Motor Company president and CEO James Hackett answers questions from the media during a press conference at Ford Motor World Headquarters in Dearborn, Michigan, U.S., May 22, 2017. REUTERS/Rebecca Cook James Hackett spent the last year plottin... More »
FILE PHOTO: Humanoid robots work side by side with employees in the assembly line at a factory of Glory Ltd., a manufacturer of automatic change dispensers, in Kazo, north of Tokyo, Japan, July 1, 2015. REUTERS/Issei Kato/File Photo Desperate to overcome Japan... More »
French President-elect Emmanuel Macron reacts as he arrives to attend a handover ceremony with outgoing President Francois Hollande at the Elysee Palace in Paris, France, May 14, 2017. REUTERS/Yoan Valat/Pool While the election of Emmanuel Macron as French pre... More »
U.S. President Donald Trump speaks to reporters after his meeting with Russian Foreign Minister Sergey Lavrov at the White House in Washington, U.S., May 10, 2017. REUTERS/Kevin Lamarque Not even a week after the Trump administration and Congress rekindled opt... More »
An old man in need receives vegetable soup in a plastic cup to take away from the soup kitchen ‘Kana’ in a poor district of the city of Dortmund, western Germany, April 7, 2017. Picture taken April 7, 2017. REUTERS/Wolfgang Rattay For all its economic success,... More »
FILE PHOTO: Federal Reserve Chair Janet Yellen speaks during a news conference after a two day Federal Open Market Committee (FOMC) meeting in Washington, U.S., March 15, 2017. REUTERS/Yuri Gripas/File Photo At first glance, U.S. President Donald Trump and Fed... More »
Students of the University of Puerto Rico protest as a meeting of the Financial Oversight and Management Board for Puerto Rico is taking place at the Convention Center in San Juan, Puerto Rico March 31, 2017. Picture taken March 31, 2017. REUTERS/Alvin Baez Ba... More »
FILE PHOTO: A DNA double helix is seen in an undated artist’s illustration released by the National Human Genome Research Institute to Reuters on May 15, 2012. REUTERS/National Human Genome Research Institute/Handout/File Photo Scientists are getting closer to... More »
FILE PHOTO: The Apple Inc. store is seen in Los Angeles, California, U.S., September 16, 2016. REUTERS/Lucy Nicholson/File Photo Apple Inc’s (AAPL.O) decision to stop licensing graphics chips from Imagination Technologies Group Plc (IMG.L) is the clearest exam... More »
U.S. Vice President Mike Pence departs a healthcare meeting at the U.S. Capitol in Washington, U.S. April 4, 2017. REUTERS/Eric Thayer The U.S. House of Representatives will not vote on a bill to replace the Obama administration’s signature healthcare law befo... More »
FILE PHOTO: A woman walks at the Bund in front of the financial district of Pudong in Shanghai March 5, 2015. REUTERS/Aly Song As China’s banks prepare for a rigorous quarterly inspection of their books by the central bank, the ructions in money markets and an... More »
U.S. dollar bank notes are seen in a bank in Budapest August 8, 2011. REUTERS/Bernadett Szabo As doubts grow over whether the dollar will resume the rally that took it to 14-year highs against other major currencies early this year, at least one measure seems ... More »
The logo of Dow Jones Industrial Average stock market index listed company Boeing (BA) is seen in Los Angeles, California, United States, April 22, 2016. REUTERS/Lucy Nicholson A U.S. tax overhaul proposed by Republican leaders in Congress would deepen divisio... More »
FILE PHOTO – Uber CEO Travis Kalanick speaks to students during an interaction at the Indian Institute of Technology (IIT) campus in Mumbai, India, January 19, 2016. REUTERS/Danish Siddiqui/File photo Global ride-hailing firm Uber Technologies is rethinking it... More »
