Business News

EA’s ‘Apex Legends’ tops ‘Fortnite’ record with 25 million signups

(Reuters) – Shares of Electronic Arts Inc jumped 8 percent on Tuesday after the videogame maker said 25 million players signed up for its new battle royal game “Apex Legends”. EA is hoping to reproduce the success of Epic Games’ “Fortnite”, whose blending of “The Hunger Games” and “Minecraft” has been a global hit with teenagers and older gamers over the past two years. EA disclosed the ne...

12 Feb 4:51 PM 0 Read More...

Global stocks ride high as 'risk-on' reigns supreme

LONDON (Reuters) - World shares and bond yields rode a renewed surge in risk appetite on Tuesday as investors turned optimistic about U.S.-China trade talks and cheered Washington’s deal to avoid another government shutdown. Tokyo’s Nikkei set the tone with its best day of the year so far and, as Europe’s traders hauled the STOXX 600 back toward two-month highs set last week, it was little surprise to see Wall ...

12 Feb 1:50 PM 0 Read More...

Stock futures gain on deal to avert government shutdown, trade hopes

(Reuters) - U.S. stock index futures rose on Tuesday, as sentiment was lifted after lawmakers reached a tentative deal to avert another partial government shutdown and the United States and China expressed optimism about their ongoing trade talks. However, it was unclear if President Donald Trump would embrace the agreement as congressional aides said it did not contain the $5.7 billion he wants for a border wall. ...

12 Feb 1:50 PM 0 Read More...

Oil up more than 2 percent on Saudi and OPEC cuts

LONDON (Reuters) - Oil prices gained more than 2 percent on Tuesday, supported by OPEC-led production cuts, which Saudi Arabia said it would surpass by more than half a million barrels per day (bpd), and by U.S. sanctions against Iran and Venezuela. Brent crude futures were up $1.40, or 2.28 percent, at $62.91 a barrel by 1325 GMT. U.S. West Texas Intermediate (WTI) crude oil futures rose $1.22, or 2.33 percent, to $...

12 Feb 1:49 PM 0 Read More...

Companies must compete in open and transparent way: Pompeo

BRATISLAVA (Reuters) - The United States is fine with companies competing in global markets but it must be done in an open and transparent way, U.S. Secretary of State Mike Pompeo said on Tuesday when asked on the presence of Chinese firms such as Huawei. “We’re fine with companies competing but they’ve got to do it in a way that is fair, open and transparent... and they can’t do so with anything other than a...

12 Feb 1:49 PM 0 Read More...

DHL hires hundreds of customs staff to prepare for no-deal Brexit

AMSTERDAM (Reuters) - Deutsche Post DHL has hired hundreds of workers to deal with new customs procedures expected to be imposed after March 29, when Britain is due to leave the European Union, an executive said on Tuesday. Europe is Britain’s largest trading partner. New tariffs and goods clearance procedures could be introduced unless Britain secures a deal on future relations with the 28-member bloc before it le...

12 Feb 1:49 PM 0 Read More...

Nissan books $84 million Ghosn-related charges, cuts outlook

YOKOHAMA, Japan (Reuters) - Nissan Motor Co said it had booked around $84 million in charges related to under-reported compensation for ousted chairman Carlos Ghosn, and slashed its annual profit outlook on weaker global sales. Ghosn, arrested and detained in Tokyo since Nov. 19, has been indicted in Japan on charges of under-reporting his salary at Nissan over 2010-2018. He has denied the deferred pay was illegal or...

12 Feb 8:49 AM 0 Read More...

Renault: Ghosn remains director of Renault, Bollore chairman of Renault-Nissan

PARIS (Reuters) - Carlos Ghosn remains a director of Renault SA even though he has resigned as chairman and chief executive and Thierry Bollore is now chairman of the Renault-Nissan BV holding company, Renault said on Tuesday. “In addition to the Board of Directors’ communication of January 24, 2019, Renault wishes to specify that Mr. Ghosn resigned from his terms of office as Chairman of the Board ofDirectors an...

12 Feb 8:49 AM 0 Read More...

Oil up on OPEC output cuts and as sanctions against Venezuela, Iran bite

SINGAPORE (Reuters) - Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although analysts expect surging U.S. output and concerns over economic growth to keep markets in check. U.S. West Texas Intermediate (WTI) crude oil futures were at $52.69 per barrel at 0751 GMT, up 28 cents, or 0.5 percent, from their last close. The ongoing closure of parts of the Keystone pipe...

12 Feb 8:49 AM 0 Read More...

Exclusive: Russia expects to recover far less from 'bad bank' assets - sources

MOSCOW (Reuters) - Russia will dramatically cut its estimate of the sum it expects to recover from a “bad bank” set up after the collapse of three major lenders, according to three sources familiar with new calculations being prepared for the central bank. The central bank has spent over $40 billion bailing out Otkritie, B&N and Promsvyazbank since 2017. It had hoped to recover between 40 and 60 percent of t...

12 Feb 8:49 AM 0 Read More...