FILE PHOTO: U.S. Commerce Secretary Wilbur Ross in Athens, Greece September 5, 2019. REUTERS/Costas Baltas BANGKOK (Reuters) – The administration of U.S. President Donald Trump is “fully committed” to Asia, his commerce secretary said on Monday at a regional forum attended by a U.S. delegation smaller than previous years. U.S. Commerce Secretary Wilbur Ross spoke
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DHAHRAN, Saudi Arabia/DUBAI (Reuters) – Saudi Arabia’s giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in what could be the world’s biggest listing as the kingdom seeks to diversify its economy away from oil. But in its long-awaited announcement, Aramco, the
DETROIT (Reuters) – The president of the United Auto Workers union, who has been linked here to an ongoing corruption probe by U.S. federal officials, has taken a leave of absence, the union said on Saturday in a statement. FILE PHOTO: United Auto Workers President Gary Jones, who will take an indefinite leave of absence,
(Reuters) – Berkshire Hathaway Inc (BRKa.N) on Saturday said its quarterly operating profit rose more than analysts expected, as growth in several business lines offset the drag from trade tensions and tariffs and billionaire Warren Buffett’s inability to deploy the conglomerate’s cash. FILE PHOTO: Warren Buffett, chairman and CEO of Berkshire Hathaway, takes his seat
FILE PHOTO: PG&E crew work on power lines to repair damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage (Reuters) – California Governor Gavin Newsom said he will convene a meeting of Pacific Gas and Electric Co executives, shareholders, wildfire victims, and PG&E’s other creditors in Sacramento next week
(Reuters) – AbbVie Inc (ABBV.N) on Friday forecast 2019 revenue above Wall Street estimates and expressed confidence in future sales of blockbuster wrinkle treatment Botox, which it will acquire with its $63 billion purchase of Allergan Plc (AGN.N). FILE PHOTO: A screen displays the share price for pharmaceutical maker AbbVie on the floor of the
SHANGHAI (Reuters) – China will use a giant import fair in Shanghai next week to try to showcase its free trade credentials, temper criticism of its policies and deepen its global economic influence at a time of fresh uncertainty over the China-U.S. trade war. FILE PHOTO: People walk past an advertisement for the upcoming China
FILE PHOTO: Stickers bearing the Facebook logo are pictured at Facebook Inc’s F8 developers conference in San Jose, California, U.S., April 30, 2019. REUTERS/Stephen Lam (Reuters) – Shares of Facebook Inc (FB.O) rose nearly 5% on Thursday, a day after the social network reported its third straight rise in the pace of quarterly sales growth
TOKYO (Reuters) – Oil prices rose on Thursday as investors banked on more economic stimulus by China after weak PMI data, partly recovering from losses in the previous session on a surprise build in U.S. crude stocks. FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie,
FILE PHOTO: Volkswagen cars are parked outside a VW dealership in London, Britain November 5, 2015.REUTERS/Suzanne Plunkett FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) lowered its full-year sales outlook on Wednesday, warning of slowing demand even as nine-month adjusted operating profit jumped 11.2% on increased demand for SUVs as well as Skoda and Porsche cars. The German
TOKYO (Reuters) – Japanese retail sales grew at the strongest pace in 5-1/2 years in September as consumers rushed to buy big-ticket items to beat a rise in the country’s sales tax, raising concerns spending could pull back sharply in the coming months. FILE PHOTO: A man walks in front of an electronics store in
(Reuters) – The S&P 500 hovered near its record high on Tuesday, lifted by upbeat earnings from drugmakers Merck and Pfizer, while a disappointing quarterly profit from Google-parent Alphabet kept the Nasdaq firmly in the negative territory. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S.,
FILE PHOTO: A sign is pictured outs a Google office near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Dave Paresh (Reuters) – Australia’s consumer regulator filed a lawsuit against Alphabet Inc’s (GOOGL.O) Google on Tuesday, alleging it misled consumers about how it was collecting, storing and using personal location data. The
LONDON (Reuters) – Oil prices rose on Monday on hopes for a Sino-American trade deal but gains were capped by weak Chinese industrial data. FILE PHOTO: An oil pump is seen just after sunset outside Saint-Fiacre, near Paris, France September 17, 2019. REUTERS/Christian Hartmann Brent crude was up 26 cents, or 0.4%, at $62.28 a
TOKYO (Reuters) – Oil prices were steady on Monday, holding on to strong gains last week, after Russia affirmed its commitment to a deal with OPEC producers to keep production in check and support prices. FILE PHOTO: An oil pump is seen just after sunset outside Saint-Fiacre, near Paris, France September 17, 2019. REUTERS/Christian Hartmann
(Reuters) – Louis Vuitton owner LVMH (LVMH.PA) has approached Tiffany & Co (TIF.N) with an acquisition offer, people familiar with the matter said on Saturday, at a time when the U.S. luxury jeweler grapples with the impact of tariffs on its exports to China. FILE PHOTO: A Tiffany & Co logo is seen outside the