Business News

Asian shares lower as North Korea suspends talks, U.S. yields shoot higher

SHANGHAI (Reuters) - Asian markets fell in early trade on Wednesday after Pyongyang called off talks with Seoul, throwing a major U.S.-North Korean summit into question, and a spike in the U.S. 10-year Treasury yield to a seven-year high knocked sentiment on Wall Street. An investor looks at an electronic board showing stock information at a brokerage house in Shanghai, China November 24, 2017. REUTERS/Aly Song MSC...

16 May 2:14 AM 0 Read More...

Berkshire doubles Teva stake, adds to Apple, ends a newspaper bet

(Reuters) - Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Tuesday said it has more than doubled its investment in generic drugmaker Teva Pharmaceutical Industries Ltd (TEVA.TA), and confirmed it has become Apple Inc’s (AAPL.O) second-largest shareholder. FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska ...

16 May 2:14 AM 0 Read More...

How Rusal escaped the noose of U.S. sanctions

LONDON/PARIS/WASHINGTON (Reuters) - They were supposed to be the toughest sanctions the United States had ever imposed on a Russian oligarch. Seventeen days later, Washington watered them down. FILE PHOTO: Pure aluminium ingots are seen stored at the foundry shop of the Rusal Krasnoyarsk aluminium smelter in the Siberian city of Krasnoyarsk, Russia November 9, 2017. REUTERS/Ilya Naymushin/File PhotoOn April 23, the U...

16 May 2:14 AM 0 Read More...

Wall St. drops as Treasury yields surge

(Reuters) - A surge in U.S. government bond yields to their highest level in almost seven years sent Wall Street shares sliding on Tuesday after strong retail sales data stoked inflation concerns and investors fretted about looming trade talks between the United States and China. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2018. REUTERS/Brendan McDermidAll th...

15 May 9:14 PM 0 Read More...

U.S. lawmakers push back on Trump talk of helping China's ZTE

WASHINGTON (Reuters) - U.S. lawmakers on Tuesday rejected any plan by President Donald Trump to ease restrictions on China’s ZTE Corp (000063.SZ), calling the telecommunications firm a security threat and vowing not to abandon legislation clamping down on the company. A sign of ZTE Corp is pictured at its service centre in Hangzhou, Zhejiang province, China May 14, 2018. REUTERS/Stringer Trump on Monday had defend...

15 May 9:14 PM 0 Read More...

Berkshire Hathaway doubles Teva bet, confirms Apple purchases

(Reuters) - Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Tuesday said it has more than doubled its investment in generic drugmaker Teva Pharmaceutical Industries Ltd (TEVA.TA), and confirmed it has become Apple Inc’s (AAPL.O) second-largest shareholder. FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska ...

15 May 9:14 PM 0 Read More...

Wall Street drops on concerns over U.S.-China trade woes, rising inflation

(Reuters) - U.S. stocks slipped on Tuesday after the latest retail sales data indicated rising inflation and pushed up Treasury yields, while trade worries lingered with no signs of progress in U.S.-China talks. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2018. REUTERS/Brendan McDermidThe United States and China are still “very far apart” on resolving tra...

15 May 4:09 PM 0 Read More...

Global stocks sink as soft China data, trade fears weigh

LONDON (Reuters) - World stocks fell on Tuesday as investors digested soft Chinese economic data and a lack of progress in U.S.-China trade talks, while a rise in U.S. borrowing costs supported the dollar. FILE PHOTO: The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 16, 2018. REUTERS/Staff/Remote MSCI’s world equity index .MIWD00000PUS, which tracks shares in ...

15 May 11:04 AM 0 Read More...

Shipping's financiers turning the tide on shipbreaking practices

LONDON (Reuters) - The shipping industry has long been criticized by campaigners for allowing vessels to be broken up on beaches, endangering workers and polluting the sea and sand. FILE PHOTO: Workers carry a rope line to fasten a decommissioned ship at the Alang shipyard in the western Indian state of Gujarat, March 27, 2015. REUTERS/Amit Dave/File PhotoNow, it is being called to account from a quarter that may ha...

15 May 11:04 AM 0 Read More...

Comcast's all-cash bid could pit Murdoch against Fox shareholders

(Reuters) - Twenty-First Century Fox Inc (FOXA.O) Executive Chairman Rupert Murdoch is used to getting his way at the company he built into a media empire. But a challenge to a $52 billion deal he put together six months ago could test his sway with shareholders. FILE PHOTO: Tennis - US Open - Mens Final - New York, U.S. - September 10, 2017 - Rupert Murdoch, Chairman of Fox News Channel stands before Rafael Nadal ...

15 May 11:04 AM 0 Read More...