Business News

Late HNA chairman's stake in conglomerate to go to China-based charity: source

BEIJING (Reuters) - Late HNA Group Co Ltd co-chairman Wang Jian’s 14.98 percent stake in the conglomerate will be donated to a China-based charity foundation that is already among its top shareholders, said a person with direct knowledge of the matter. FILE PHOTO: A HNA Group logo is seen on the building of HNA Plaza in Beijing, China February 9, 2018. REUTERS/Jason Lee/File PhotoThe decision was announced on Fri...

13 Jul 10:50 AM 0 Read More...

Oil prices mixed, but set for big weekly falls

TOKYO (Reuters) - Oil prices were little changed on Friday as markets digested big swings earlier in the week that have left both major benchmarks facing a second weekly loss and largely shrugged off a warning about tightness in spare capacity. FILE PHOTO: An oil pump is seen operating in the Permian Basin near Midland, Texas, U.S., May 3, 2017. REUTERS/Ernest Scheyder/File PhotoBrent crude LCOc1 eased 20 cents, or...

13 Jul 5:49 AM 0 Read More...

China's record trade surplus with U.S. risks further inflaming trade tensions

BEIJING (Reuters) - China’s trade surplus with the United States swelled to a record in June as its exports accelerated broadly, a result that could further inflame a bitter trade dispute with Washington. FILE PHOTO: A general view of a container port in Shanghai August 11, 2009. REUTERS/Aly Song/File PhotoThe data came after the administration of U.S. President Donald Trump raised the stakes in its trade dispute...

13 Jul 5:49 AM 0 Read More...

Silicon Valley employees flex newfound political muscles

SAN FRANCISCO (Reuters) - Employees at several of the world’s biggest technology companies have been exercising newfound political power where they work, pushing their bosses on business ethics with help from established and fledgling nonprofit groups. Facebook CEO Mark Zuckerberg is surrounded by members of the media as he sits down to testify before a joint Senate Judiciary and Commerce Committees hearing regard...

13 Jul 5:49 AM 0 Read More...

Dollar buoyant near 10-day peak, bolstered by higher U.S. yields

TOKYO (Reuters) - The dollar was buoyant near a 10-day peak on Friday, supported by Treasury yields that edged higher on expectations the U.S. inflation rate will rise. A money changer counts U.S. dollar banknotes at a currency exchange office in Diyarbakir, Turkey May 23, 2018. REUTERS/Sertac Kayar Short to long-term U.S. Treasury yields rose after U.S. consumer prices data on Thursday showed a steady buildup of inf...

13 Jul 5:49 AM 0 Read More...

Asian shares extend rebound but trade fears dog China stocks

SHANGHAI (Reuters) - Most Asian share markets rose on Friday, heartened by gains on Wall Street fueled by expectations of strong U.S. earnings, but China’s markets wobbled as investors braced for the impact of broadening, tit-for-tat Chinese-U.S tariffs. FILE PHOTO: People walk past an electronic board showing Japan's Nikkei average outside a brokerage in Tokyo, Japan, March 23, 2018. REUTERS/Toru HanaiAdding ...

13 Jul 5:49 AM 0 Read More...

Exclusive: Jeff Bezos plans to charge at least $200,000 for space rides - sources

SEATTLE (Reuters) - Jeff Bezos’ rocket company plans to charge passengers about $200,000 to $300,000 for its first trips into space next year, two people familiar with its plans told Reuters. FILE PHOTO: Amazon and Blue Origin founder Jeff Bezos addresses the media about the New Shepard rocket booster and Crew Capsule mockup at the 33rd Space Symposium in Colorado Springs, Colorado, United States April 5, 2017. REU...

13 Jul 12:45 AM 0 Read More...

Asian shares extend recovery on Wall Street gains

SHANGHAI (Reuters) - Asian shares were higher on Friday following gains on Wall Street overnight, as concerns over an escalating U.S. trade war with China took a breather. FILE PHOTO: People walk past an electronic board showing Japan's Nikkei average outside a brokerage in Tokyo, Japan, March 23, 2018. REUTERS/Toru HanaiMSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.2 percent, b...

13 Jul 12:45 AM 0 Read More...

Top Twitter users lose two percent of followers on average as policy changes

SAN FRANCISCO (Reuters) - A Twitter Inc (TWTR.N) policy change on Thursday to increase the service’s credibility cost its 100 most popular users about 2 percent of their followers, on average, according to social media data firm Keyhole. FILE PHOTO: People holding mobile phones are silhouetted against a backdrop projected with the Twitter logo in this illustration picture taken September 27, 2013. REUTERS/Kacper Pe...

13 Jul 12:45 AM 0 Read More...

U.S. stock futures hit five-month high

TOKYO (Reuters) - U.S. stock futures rose to a five-month high on Friday, extending their recent rally on expectations of solid earnings growth among U.S. firms despite threats from trade wars. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 11, 2018. REUTERS/Brendan McDermidS&P500 e-mini futures ESc1, the world’s most liquid equity index futures, rose 0.15 pe...

13 Jul 12:45 AM 0 Read More...