Business News
U.S grocer Kroger signs deal to use Ocado’s home delivery tech
LONDON (Reuters) – British online supermarket Ocado said U.S. retailer Kroger had agreed an exclusive deal to use its technology for grocery deliveries.
Year: 2018
Business News
Exclusive: Intel’s Mobileye gets self-driving tech deal for 8 million cars
JERUSALEM (Reuters) – Mobileye, Intel Corp’s Israel-based autonomous driving unit, has signed a contract to supply eight million cars at a European automaker with its self-driving technologies, a company official told Reuters.
Business News
Toyota, Hyundai, Ford lead 9.6 percent European car sales gain
PARIS (Reuters) – European car sales rose 9.6 percent in April, led by Toyota , Hyundai and Ford , and boosted by an increase in the number of business days, according to industry data published on Thursday.
Business News
Asia oil thirst tab $1 trillion a year as crude rises to $80
SINGAPORE/MUMBAI (Reuters) – Oil prices are poised to break through $80 per barrel and Asia’s demand is at a record, pushing the cost of the region’s thirst for crude to $1 trillion this year, about twice what it was during the market lull of 2015/2016.
Business News
Asian shares inch higher; euro tries to shake off Italian political risk
SINGAPORE (Reuters) – Asian shares edged higher on Thursday while the euro gained some respite after hitting five-month lows a day earlier.
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Quakes damage roads as ash spews from Hawaii volcano
Earthquakes were damaging roads and buildings on Hawaii’s Big Island on Wednesday as ash emissions streamed from Kilauea volcano. The floor of the summit crater has also dropped about three feet (90 centimeters), as the threat of a strong, explosive eruption at the top of the volcano loomed. The ground was deflating as the crater’s lava levels fell, causing stress faults around the crater to move, resulting in the earthquakes. …read more […]
Business News
Exclusive: Vietnam unit of Russia’s Rosneft fears Beijing backlash over South China Sea drilling
HANOI (Reuters) – Rosneft Vietnam BV, a unit of Russian state oil firm Rosneft , is concerned that its recent drilling in an area of the South China Sea that is claimed by China could upset Beijing, two sources with direct knowledge of the situation told Reuters on Wednesday.
Business News
Tencent shares rise after first quarter profit beats
HONG KONG (Reuters) – Shares of Tencent Holdings Ltd opened up 7 percent in Hong Kong on Thursday after it reported better-than-expected first-quarter results.
Business News
China does not want to see escalation in Sino-U.S. trade tension
BEIJING (Reuters) – China does not want to see escalation in Sino-U.S. trade tensions, its commerce ministry said on Thursday, expressing hope that the two sides could minimize conflict during talks being held in the United States.
Business News
Japan plans retaliatory tariffs against United States: NHK
TOKYO (Reuters) – Japan is considering slapping tariffs on U.S. exports worth $409 million in retaliation against steel and aluminum import tariffs imposed by President Donald Trump, public broadcaster NHK said on Thursday.
Business News
Shares of Tencent open 7 percent higher after first quarter profit beats
HONG KONG (Reuters) – Shares of Tencent Holdings Ltd opened up 7 percent in Hong Kong on Thursday after it reported better-than-expected first-quarter results.
Business News
Asian shares steady; euro hampered by Italian political risk
SINGAPORE (Reuters) – Asian shares held steady on Thursday, while the euro struggled near five-month lows set a day earlier following a report that Italian populist parties trying to form a coalition could ask the European Central Bank to forgive 250 billion euros of debt.
Business News
Big proxy adviser ISS does not support Facebook’s Zuckerberg in proxy vote
BOSTON (Reuters) – Top proxy adviser Institutional Shareholder Services on Wednesday recommended Facebook Inc investors withhold support from five directors including Chief Executive Mark Zuckerberg and vote in favor of shareholder proposals aimed at improving the social media company’s response to problems like election interference and harassment.
Business News
George Soros’ bet on Tesla could see other investors follow suit
NEW YORK (Reuters) – If Tesla Inc Chief Executive Elon Musk needs to raise even more money, there may be a way.
Trading Ideas
Cisco’s tepid forecast clouds quarterly beat, shares fall
Cisco’s stock has climbed 18 percent and is the second biggest gainer among Dow components this year as investors bet on the company’s turnaround under Chief Executive Officer Chuck Robbins. Since taking the helm in July 2015, Robbins has steered the hardware giant away from its traditional business of supplying switches and routers and into newer growth areas such as cloud, Internet of things and cyber security. Revenue from the business, which provides technical and internet network support, rose 3 percent to $3.16 billion but fell short of estimate of $3.24 billion, according to Thomson Reuters I/B/E/S. …read more […]