Business News

An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China July 4, 2018.

Oil prices edge up on surprise drawdown in U.S. crude stockpiles

U.S. West Texas Intermediate crude was up 15 cents, or 0.2 percent, at $72.07 a barrel by 0255 GMT on Wednesday, having settled up 14 cents.

Oct 17, 2018

By Reuters

South Korean fashion icon Jessica Jung to introduce exclusive bag collection with Zalora

The exclusive bag collection will be available on all Zalora websites and app starting from 26 October 2018.

Oct 15, 2018

By Bhaswati Guha Majumder

Higher U.S. tariffs on Japanese cars less likely, trade war posing risk

The United States had threatened to slap 25 percent tariffs on auto exports from Japan but Washington agreed not to do so while fresh trade talks are underway.

Oct 15, 2018

By Reuters

Sears CEO steps in for bankruptcy financing

The sources cautioned that there was always a chance that the negotiations could collapse at the last minute and asked not to be identified because the matter is confidential.

Oct 15, 2018

By Reuters

SoftBank shares fall 5.5 percent as Saudi ties cause concern

With its Saudi ties causing jitters, SoftBank selling is "more psychological than anything related to worries on its fundamentals," said Makoto Kikuchi, chief executive of Myojo Asset Management.

Oct 15, 2018

By Reuters

Alibaba's Jack Ma to open institute for tech entrepreneurs in Indonesia

Ma did not say when the Jack Ma Institute of Entrepreneurs would launch, but said the aim was to train 1,000 tech leaders a year over the next 10 years.

Oct 14, 2018

By Reuters

U.S. to seek currency chapters in trade talks with Japan, others: Mnuchin

US president Donald Trump and Japanese PM Shinzo Abe agreed in September to start trade talks in an arrangement that, for now, protects Japanese automakers from further tariffs.

Oct 14, 2018

By Reuters

Japan, China to hold finance talks amid concerns on protectionism, North Korea

BOJ's Kuroda warns of darkening global prospects as trade tensions weigh

Prime Minister Shinzo Abe has pledged to proceed with a sales tax hike to 10 percent from 8 percent in October next year.

Oct 14, 2018

By Reuters

Japan, as next year's G20 chair, wants to put global imbalances on the map

Tokyo hopes other countries would join Japan to counter U.S. President Donald Trump's focus on narrowing U.S. trade deficits through purely bilateral trade deals.

Oct 13, 2018

By Reuters

Facebook now says data breach affected 29 million users, details impact

The company said it would message affected users over the coming days to tell them what type of information had been accessed in the attack.

Oct 13, 2018

By Reuters

Facebook

President Widodo says Indonesia actively involved in resolving South China Sea conflicts

'Winter is coming': Indonesia's president sounds warning for global economy

The market ructions have now cascaded through to developed markets with Wall Street extending a slide into a sixth session on Thursday amid the trade war fears.

Oct 12, 2018

By Reuters

Singapore central bank tightens again with eye on trade risks

The Monetary Authority of Singapore (MAS) said it would slightly increase the slope of the Singapore dollar's policy band, as predicted in a Reuters poll.

Oct 12, 2018

By Reuters

BMW to buy control of China venture in 'new era' for foreign carmakers

The luxury carmaker said on Thursday it would increase its stake in its venture with Brilliance China Automotive Holdings Ltd to 75 percent from 50 percent.

Oct 12, 2018

By Reuters

Asia shares plummet after Wall Street rout; Shanghai at near four-year lows

The global plunge erased hundreds of billions of dollars of wealth. The head of the International Monetary Fund said stock market valuations have been "extremely high".

Oct 11, 2018

By Reuters

World Bank's Kim sees 'clear' economic slowdown if trade war escalates

Kim made the comments at a news conference during the annual meetings of the International Monetary Fund and World Bank in Bali.

Oct 11, 2018

By Reuters

Prev 287 288 289 290 291 292 293 294 295 296 Next