Business & Finance News
(Reuters) – Amazon.com Inc has made a formal offer to buy a 60 percent stake in Indian online retailer Flipkart, CNBC-TV18 reported on Wednesday, citing sources.
HONG KONG/LONDON (Reuters) – Standard Chartered Plc beat expectations with a 20 percent rise in first quarter pre-tax profit on Wednesday, but disappointing income showed the long road ahead for its returns to hit targets after years of restructuring.
ZURICH (Reuters) – Swiss technology group OC Oerlikon said some financial institutions still required explanations over the United States sanctions slapped on its largest shareholder, Russian oligarch Viktor Vekselberg.
NEW YORK/TOKYO (Reuters) – Xerox Corp said its CEO and most of its board will step down to settle a suit brought by shareholders Carl Icahn and Darwin Deason, with new management planning to look at restructuring or terminating a contentious deal with Fujifilm Holdings .
SINGAPORE (Reuters) – Asian equities eased on Wednesday, while the dollar traded near a four-month high as investors count down to the U.S. Federal Reserve’s upcoming policy statement for clues on the future pace of U.S. monetary tightening.
BEIJING (Reuters) – Chinese President Xi Jinping’s top economic adviser, Vice Premier Liu He, will meet a top-level U.S. trade delegation in Beijing this week, state media said on Wednesday, amid a festering dispute between the world’s two largest economies.
(Reuters) – U.S. electric utilities are expected to shut hundreds more of their coal-fired power generators in the coming years, extending a long trend away from coal and toward natural gas that has cast a pall over the mining industry.
CHICAGO (Reuters) – Global grain marketers have seized upon trade tensions between the United States and several of its top export markets, including China, to turn around struggling trading units following one of the toughest years ever for the industry.
(Reuters) – Nikola Motor Co, which makes hydrogen-powered semi trucks, filed a lawsuit on Tuesday against electric automaker Tesla Inc alleging design patent infringements.
SEOUL (Reuters) – At the 2013 annual Consumer Electronics Show in Las Vegas, flashy organic light-emitting diode (OLED) televisions sporting credit card-thin screens were at the front and center of Samsung Electronics’ new gadgets display.
SINGAPORE (Reuters) – Asian equities eased on Wednesday, while the dollar traded near a four-month high as investors await the Federal Reserve’s upcoming policy statement for clues on the future pace of U.S. monetary tightening.
(Reuters) – Xerox Corp said its CEO and several board members will step down to settle a suit brought by activist shareholders who had opposed a $6.1 billion deal with Japan’s Fujifilm Holdings .
(Reuters) – Apple Inc on Tuesday reported resilient iPhone sales in the face of waning global demand and promised $100 billion in additional stock buybacks, reassuring investors that its decade-old smartphone invention had life in it yet.
BEVERLY HILLS, Calif. (Reuters) – Cyberwarfare and populism are some of the top risks that could threaten global stability and financial markets in the years ahead, investors and policymakers warned at the annual Milken Institute Global Conference this week, as they characterized them as black swan events.
(Reuters) – Jacob Jacobson agreed to resign as Xerox Corp’s chief executive as part of a settlement of a lawsuit brought by the company’s shareholders that raised questions over Xerox’s agreed deal with Japan’s Fujifilm Holdings Corp , a New York court filing showed on Tuesday.
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