LONDON (Reuters) – Oil prices rallied more than 2 percent on Thursday, clawing back part of a 6 percent slump triggered by a jump in U.S. crude inventories and record Saudi output, although analysts said sentiment remained bearish. A 10.95-million-barrel surge... More »
BOSTON (Reuters) – Some of the biggest dollar bulls in the global bond fund sector have reversed course in recent weeks, cutting exposure to the greenback amid concern the U.S. Federal Reserve will delay a widely-anticipated interest rate hike. The shift comes... More »
SHINGAVE NAIK, India (Reuters) – Gold demand in the world’s biggest consumer India risks falling for a second straight year in 2015, as millions of Indian farmers hit by erratic weather and falling commodity prices trim gold purchases. Nearly two-thirds of Ind... More »
LONDON (Reuters) – World stocks marched higher again on Thursday, drawing support from European auto sales and German trade data, while expectations that the first U.S. interest rate increase will come in the latter part of the year continue to grow. Investors... More »
PARIS (Reuters) – Lafarge (LAFP.PA) and Holcim (HOLN.VX) have appointed long-time Lafarge executive Eric Olsen as the chief executive of their combined company once their merger is completed, the two groups said in a statement on Thursday. The post was a key s... More »
KINGSTON, Jamaica (Reuters) – President Barack Obama arrived in Jamaica on Wednesday to attend a Caribbean summit seeking to reassert U.S. leadership in the region at time when oil-producing Venezuela’s economic clout may be receding. As the first U.S. preside... More »
AUGUSTA, Georgia (Reuters) – This week’s Masters is one of the most intriguing ever with the prospect of a career grand slam for Rory McIlroy and uncertainty over the state of Tiger Woods’ game heading a plethora of compelling storylines. Northern Irish world ... More »
SAN FRANCISCO (Reuters) – A U.S. appeals court appeared skeptical on Wednesday toward Google Inc’s bid to charge Microsoft Corp a high royalty rate to use some of the Internet search provider’s Motorola Mobility patents. Microsoft sued Motorola in 2010, allegi... More »
NEW YORK (Reuters) – Shares of digital video and surveillance technology firm Digital Ally rose on Wednesday in heavier-than-average trading, after a white police officer was caught on video fatally shooting a 50-year-old black man in South Carolina. While the... More »
MILFORD, N.H. (Reuters) – When Senator Rand Paul of Kentucky travels across the country this week as a newly minted presidential candidate, he will be greeted by $1 million worth of attack ads accusing him of being “wrong and dangerous” on Iran. It is an early... More »
CHICAGO/NEW YORK (Reuters) – Rahm Emanuel may have been elected to a second term as Chicago’s mayor on Tuesday but now he faces a stark choice: inflict pain on the city’s population in the form of unpopular measures such as higher taxes or kick its problems fu... More »
LONDON (Reuters) – Royal Dutch Shell (RDSa.L) agreed to buy smaller rival BG Group (BG.L) for 47 billion pounds ($70 billion) in the first major energy industry merger in more than a decade, closing the gap on market leader U.S. Exxon Mobil (XOM.N) after a plu... More »
PARIS (Reuters) – French media group Vivendi said it reached a deal with activist U.S. hedge fund P. Schoenfeld Asset Management (PSAM) to increase payouts to investors, heading off a conflict ahead of its shareholder meeting later this month. Vivendi said it ... More »
NEW YORK (Reuters) – Investors are staring at the first quarterly decline in U.S. corporate profits in six years – but the message coming out of the options market for now is not to worry. Earnings reporting seasons are typically choppy periods for stocks, but... More »
LONDON (Reuters) – Fees from Royal Dutch Shell’s $70 billion takeover of British energy firm BG could be among the top 10 most lucrative transactions on record, according to estimates from Thomson Reuters and Freeman Consulting. Shell’s cash and share offer, ... More »
LONDON (Reuters) – Sometimes it takes little more than five people to put together a $70 billion oil mega-merger. Shell’s purchase of smaller rival BG, the third largest oil and gas merger ever, was prompted by a phone call on a Sunday in the middle of March b... More »
PARIS (Reuters) – French media group Vivendi has made a 250 million euro ($275 million) indicative offer for most of Dailymotion, the video-sharing website owned by French telecoms group Orange, a source said on Monday. The source said that Orange’s board woul... More »
LONDON (Reuters) – A dramatic fall in the euro has created an opportunity for European manufacturers to enjoy cheap production costs at the bases from which they can supply world markets. But after months of sharp shifts in foreign currencies, many of these co... More »
SINGAPORE (Reuters) – Oil futures climbed more than $1 a barrel on Monday, after Saudi Arabia raised prices for crude sales to Asia for a second month, signaling better demand in the region. International benchmark Brent regained ground after tumbling as much ... More »
Matt Holliday drove in two runs as the St. Louis Cardinals picked up a 3-0 win over the Chicago Cubs on the opening night of the new Major League Baseball season on Sunday. Holliday went 2-for-4 and walked once, while Matt Carpenter added an RBI single and sco... More »
TOKYO (Reuters) – Asian shares rose and the dollar steadied but remained under pressure on Monday, after a dismal U.S. jobs report led investors to pare bets the U.S. Federal Reserve would hike interest rates anytime soon. Major European markets were closed fr... More »
TOKYO (Reuters) – The dollar weakened across the board on Monday, after much weaker-than-expected U.S. jobs data persuaded many in the market that the Federal Reserve is likely to wait until the second half of 2015 before raising interest rates. Friday’s close... More »
WASHINGTON (Reuters) – President Barack Obama said he would have a “tough conversation” with America’s Gulf Arab allies in which he would promise strong U.S. support against external enemies but tell them they must address internal political challenges. In an ... More »
WASHINGTON (Reuters) – Senate Republicans on Sunday pressed their demand that the U.S. Congress be allowed to vote on a nuclear agreement with Iran, but signaled they are willing to wait for last week’s interim agreement to be finalized before passing judgment... More »
MIAMI (Reuters) – World number one Novak Djokovic continued his impressive run of form, winning the Miami Open over Andy Murray 7-6(3) 4-6 6-0 at Key Biscayne on Sunday. The victory followed Djokovic’s triumphs at the Australian Open and Indian Wells and was t... More »
WASHINGTON (Reuters) – Senator Lindsey Graham, a possible 2016 Republican presidential contender, said the United States should put off a final nuclear agreement with Iran until after the U.S. election and said Democrat Hillary Clinton could get a better deal.... More »
BUENOS AIRES (Reuters) – Argentina’s central bank will send regulators to the headquarters of Citibank Argentina on Monday, the head of the monetary authority has said, the latest move between the bank and the state over defaulted debt. The regulators will per... More »
WASHINGTON (Reuters) – President Barack Obama assured Americans on Saturday that a newly negotiated framework for a nuclear pact with Iran was a “good deal” as he sought public support for a diplomatic breakthrough that many in Congress oppose. A day after pla... More »
ZURICH (Reuters) – Apple is not able to launch its new smartwatch in Switzerland until at least the end of this year because of an intellectual property rights issue, Swiss broadcaster RTS reported on its website. The U.S. tech giant cannot use the image of an... More »
WASHINGTON/NEW YORK (Reuters) – Political staffers reporting for duty at the Brooklyn headquarters that will house Hillary Clinton’s anticipated presidential campaign will find a neighborhood known for its waterfront skyline views, top-notch private schools an... More »
WASHINGTON (Reuters) – The campaign of likely U.S. presidential candidate Hillary Clinton has signed a lease to house its headquarters in Brooklyn, New York, a source with knowledge of Clinton’s plans said on Friday. Clinton, a former U.S. secretary of state a... More »
WASHINGTON (Reuters) – The U.S. government would support selling General Atomics’ electromagnetic launching system for aircraft carriers, and other key technologies, to India, the Pentagon’s chief weapons buyer told Reuters on Friday. Defense Undersecretary Fr... More »
NEW YORK/BOSTON (Reuters) – Some top shareholders of IBM, disappointed by 11 straight quarters of falling revenues, are seeking help from activist investors to shake up the company, but have been turned down by both Bill Ackman’s Pershing Square and Jeffrey Ub... More »
SEOUL/SAN FRANCISCO (Reuters) – Samsung Electronics Co Ltd used more of its own chips to power the new Galaxy S6 smartphone than it did for the predecessor S5, according to an early teardown report, in a blow to U.S. chip supplier Qualcomm Inc. Samsung is not ... More »
LOS ANGELES (Reuters) – Actor Vin Diesel admits he made a mistake turning down the second film in the “Fast & Furious” franchise because he didn’t like the script. “I realized later the audience didn’t give a shit about what I thought about the script. They wa... More »
LOS ANGELES (Reuters) – When actors from the “Fast & Furious” films gathered recently in the parking lot at Dodger Stadium to promote the seventh installment, they spent a lot of time talking about a cast member who wasn’t there: Paul Walker. The veteran of th... More »
PARIS (Reuters) – French media group Vivendi, facing a rebellion from activist shareholders over its strategy, repeated on Thursday that it believed they could be breaking the law if they were to back U.S. hedge fund PSAM at its upcoming annual shareholder mee... More »
PARIS (Reuters) – U.S. hedge fund P. Schoenfeld Asset Management (PSAM) has accused French media group Vivendi of giving too much leeway to chairman and largest shareholder Vincent Bollore to boost his stake at “undervalued prices”. PSAM, which says it owns 0.... More »
A clothing designer area is pictured at TechShop in the South of Market neighborhood in San Francisco, California April 24, 2014. REUTERS/Robert Galbraith In the shadow of Internet monoliths such as Facebook, Google and Twitter, it’s easy to forget that Silico... More »
A Cisco office is pictured in San Diego, California November 12, 2012. REUTERS/Mike Blake Cisco’s corporate venture-capital arm said it would deploy $150 million to start-up companies over the next two to three years, accelerating its investments into areas su... More »
PayNet President William Phelan speaks at the 2011 Reuters Manufacturing and Transportation Summit in New York December 12, 2011. REUTERS/Brendan McDermid U.S. small businesses boosted borrowing in March, signaling a renewal of confidence in growth prospects a... More »
A Whirlpool logo is seen on a range door at the Whirlpool manufacturing plant in Cleveland, Tennessee August 21, 2013. REUTERS/Chris Berry Whirlpool Corp (WHR.N) on Friday reported quarterly results below analysts’ expectations as currency and other headwinds ... More »
Pedestrians walk past the NASDAQ MarketSite in New York’s Times Square in this June 4, 2012 file photo. REUTERS/Eric Thayer/Files Private equity firm KKR & Co LP (KKR.N) plans to allow investors to sell parts of their stake in buyout funds through a new privat... More »
A woman walks past icons for Apple applications at the company’s retail store in San Francisco, California April 22, 2009. REUTERS/Robert Galbraith Tired of the same restaurants and clubs? Not sure if friends would want to venture to a new cafe or bar? New app... More »
Square Inc has been in talks with several rivals for a possible sale as the mobile payments startup looks to stem widening losses and dwindling cash, the Wall Street Journal reported, citing people familiar with the matter. More »
Major technology companies like Google and BlackBerry provide mentoring services to companies within Communitech in Kitchener’s historic Tannery District in Kitchener, Ontario, March 18, 2014. REUTERS/Euan Rocha The troubles at BlackBerry Ltd, which fired more... More »
Major technology companies like Google and BlackBerry provide mentoring services to companies within Communitech in Kitchener’s historic Tannery District in Kitchener, Ontario, March 18, 2014. REUTERS/Euan Rocha The troubles at BlackBerry Ltd, which fired more... More »
