SINGAPORE (Reuters) – Asian stock markets recovered ground on Wednesday as China’s response to a virus outbreak tempered some fears of a global pandemic, although Shanghai shares initially slipped amid worries about a hit to domestic demand and tourism. An investor looks at a stock quotation board at a brokerage office in…
Category: News
All kinds of news.
ValueAct CEO Jeff Ubben to step down: Financial Times
FILE PHOTO: Jeffrey Ubben, Founder & CEO at ValueAct Capital, poses for a portrait before speaking on the Reuters Newsmaker event’ “The Future of Shareholder Activism” panel in Manhattan, New York, U.S., February 22, 2017. REUTERS/Andrew Kelly (Reuters) – ValueAct Capital Partners LP’s founder Jeff Ubben is stepping down as chief executive…
Airlines scour the world for scarce 737 MAX simulators
MONTREAL/SYDNEY/WASHINGTON (Reuters) – Airlines are scrambling to book time in 737 MAX training facilities as far afield as Fiji, Iceland and Panama, operators said, after Boeing Co recommended pilots be trained in one of the few simulators replicating the latest model. An inside view of the Icelandair Boeing 737 MAX training simulator…
Honda recalling 2.7 million North American vehicles for new air bag inflator defect
Honda Motor Co. logo is seen at the Paris auto show, in Paris, France, October 4, 2018. REUTERS/Benoit Tessier WASHINGTON (Reuters) – Honda Motor Co said on Tuesday it will recall 2.7 million older U.S. vehicles in North America for potentially defective air bag inflators. The defect involves a different type of…
‘Death Cross,’ growth abroad threaten U.S. dollar
NEW YORK (Reuters) – Storm clouds are gathering over the U.S. dollar, threatening a two-year rally in the currency that has squeezed corporate profits and angered President Donald Trump. FILE PHOTO: United States one dollar bills are curled and inspected during production at the Bureau of Engraving and Printing in Washington November…
GM’s Cruise unit unveils driverless prototype vehicle for ride-sharing service
SAN FRANCISCO (Reuters) – General Motors Co’s (GM.N) self-driving car unit, Cruise, on Tuesday unveiled a prototype electric vehicle with no steering wheel or pedals for use in its planned autonomous ride-sharing service. Dan Ammann, chief executive officer of Cruise, a Honda and General Motors self-driving car partnership, speaks on stage at…
Coronavirus, Davos, Impeachment: Your Wednesday Briefing
(Want to get this briefing by email? Here’s the sign-up.) Good morning. We’re covering China’s handling of a deadly outbreak, speculation about Vladimir Putin’s next moves and an Armenian outpost that tracks cosmic weather. Image A girl and her mother are seen wearing protective masks on their way to board a train…
Analysis Said to Tie Hacking of Bezos’ Phone to Saudi Leader’s Account
SEATTLE — A forensic analysis of Jeff Bezos’ cellphone found with “medium to high confidence” that the Amazon chief’s device was hacked after he received a video from a WhatsApp account reportedly belonging to Crown Prince Mohammed bin Salman of Saudi Arabia, according to people familiar with the Bezos-ordered investigation. After Mr.…
Lebanon Names New Cabinet Amid Political and Economic Crisis
BEIRUT, Lebanon — Lebanon announced the formation of a new cabinet on Tuesday, breaking a monthslong deadlock with the nomination of 20 new government ministers who will have to address a perplexing mix of political and economic crises. The government is deep in debt, the currency has lost much of its value…
Asia shares feel a chill as China virus risks mount
SYDNEY (Reuters) – Asian shares took a sudden turn for the worse on Tuesday as mounting concerns about a new strain of coronavirus in China sent a ripple of risk aversion through markets. Investors look at computer screens showing stock information at a brokerage house in Shanghai, China January 16, 2020. REUTERS/Aly…
Oil prices ease as supply risk concerns fade
SINGAPORE (Reuters) – Oil prices eased on Tuesday as investors appeared to shrug off earlier supply concerns following a force majeure declared by Libya on two major oilfields amid a military blockade. An oil pump jack of Canadian group Vermilion Energy is pictured in Parentis-en-Born, France, October 13, 2017. REUTERS/Regis Duvignau Brent…
Huawei CFO’s lawyer attacks U.S. extradition case in Canadian trial
VANCOUVER/TORONTO (Reuters) – A lawyer for Huawei Chief Financial Officer Meng Wanzhou argued on Monday that “double criminality” was at the center of a trial to decide whether she can be extradited to the United States, a case that has strained relations between Ottawa and Beijing. Meng, 47, arrived in a Vancouver…
Uber sells Indian food delivery arm to Ant Financial-backed Zomato
FILE PHOTO: An Uber Eats food delivery courier walks with a bicycle in central Kiev, Ukraine September 9, 2019. REUTERS/Valentyn Ogirenko (Reuters) – Uber (UBER.N) has sold its online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China’s Ant Financial, limiting…
Japan’s Aeon aims to start selling eco-certified sushi in time for Olympics
FILE PHOTO: The logo of Aeon Co is seen on shopping carts at its supermarket in Tokyo January 10, 2013. REUTERS/Toru Hanai/File Photo TOKYO (Reuters) – Japanese supermarket chain Aeon Co Ltd (8267.T), Asia’s biggest retailer by sales, said it aims to start selling eco-certified sushi this year amid growing demand for…
Tesla rebuffs U.S. safety recall petition, says no unintended acceleration in vehicles
FILE PHOTO: A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson/File Photo (Reuters) – Tesla Inc said on Monday there was no unintended acceleration in its vehicles, as it responded to a petition to a U.S. safety regulator to investigate and recall around 500,000 of the…
Facebook targets UK growth with 1,000 hires this year
LONDON (Reuters) – Facebook (FB.O) will hire 1,000 people in London this year in roles such as product development and safety as it continues to grow its biggest engineering center outside the United States after Britain leaves the European Union. The logo of Facebook is seen in Davos, Switzerland Januar 20, 2020.…
Mexican union suspends strike threat against Home Depot
FILE PHOTO: The logo of U.S. home improvement chain Home Depot is seen after the Mexican trade union Revolutionary Confederation of Laborers and Farmworkers (CROC) accused Home Depot of blocking union activity, in Mexico City, Mexico January 15, 2020. REUTERS/Luis Cortes MEXICO CITY (Reuters) – A top Mexican trade union said on…