Business News
Saudi housing crisis tests Crown Prince’s reform drive
RIYADH (Reuters) – Saudi Arabia’s crown prince wants to build a mega-city with the latest robotics under his grand plan to reform the kingdom.
Year: 2018
Business News
Asian stocks rebound, euro pulls off lows as anxiety over Italy recedes
TOKYO (Reuters) – Asian stocks rebounded from a two-month trough on Thursday and the euro enjoyed a respite after sinking to its lowest in 10 months as the political turmoil in Italy that roiled global financial markets showed signs of easing.
Business News
Airline profits this year unlikely at December forecast level: IATA chief
SYDNEY (Reuters) – Profits in the airline industry are unlikely to reach the record levels forecast in December due to a jump in fuel costs, the head of the world’s leading air transport group said on Thursday.
Business News
Airline profits this year unlikely at December forecast level: IATA CEO
SYDNEY (Reuters) – Profits for the airline industry will be solid this year but are unlikely to be at the level anticipated in December, the head of the International Air Transport Association said on Thursday.
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China's SenseTime, the world's highest-valued AI startup, closes $620M follow-on round
SenseTime, the world’s highest-valued AI company with a valuation of over …read more […]
Business News
China says reserves right to retaliate to U.S. actions against its investments
BEIJING (Reuters) – The United States’ measures against China’s investments are against World Trade Organization rules, and China reserves the right to take countermeasures, the commerce ministry said on Thursday.
Business News
Asia stocks rebound, euro pulls off lows as Italy anxiety cools
TOKYO (Reuters) – Asian stocks rebounded from a two-month trough on Thursday, while the euro enjoyed a respite after sinking to its lowest in 10 months as political turmoil in Italy that had roiled global financial markets showed signs of easing.
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Union: Strike would cost top Vegas casinos over $10M a day
The two largest resort operators in Las Vegas would lose more than $10 million a day combined if housekeepers, cooks and others go on strike, a possibility starting Friday, the union representing thousands of casino workers said Wednesday. The Culinary Union detailed how it thinks a one-month strike would impact MGM Resorts International and Caesars Entertainment, which operate more than half the properties that would be affected if 50,000 workers walk off the job. Workers last week voted to authorize a strike as disputes over workplace training, wages and other issues have kept the union and casino operators …read more […]
Business News
Oil prices dip on unexpected growth in U.S. crude stocks
SEOUL (Reuters) – Oil prices dropped on Thursday, weighed down by a surprise rise in U.S. crude inventories and by expectations that OPEC and other producers could increase output at a meeting in June.
Business News
Asia stocks bounce, euro pulls off lows as Italy anxiety ebbs
TOKYO (Reuters) – Asian stocks rebounded from a two-month trough on Thursday, while the euro enjoyed a respite after sinking to its lowest in 10 months as political turmoil in Italy that had roiled global financial markets showed signs of easing.
Business News
Samsung Life sells $ 1 billion worth of shares in Samsung Electronics
SEOUL (Reuters) – Samsung Life Insurance Co Ltd said on Thursday it sold 1.12 trillion won ($1 billion) worth of its shares in Samsung Electronics Co Ltd.
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Costco earnings, inflation data — What you need to know in markets on Thursday
A rash of retail earnings and data on the labor market and inflation will be investor highlights for the final trading day of May. …read more […]
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Lockheed Martin (LMT) Secures Navy Deal to Upgrade F-35 Jets
With Lockheed Martin (LMT) being the primary partner, the F-35 program has been supported by an international team of leading aerospace majors. …read more […]
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Jeff Sessions is absolutely worthless as attorney general: Jason Chaffetz
Former Congressman Jason Chaffetz (R-Utah) on President Trump’s frustration with Attorney General Jeff Sessions for recusing himself from the Russia investigation. …read more […]
Business News
Wall Street rebounds as Italy worries ease; energy shares soar
NEW YORK (Reuters) – U.S. stocks ended higher on Wednesday, and the S&P 500 and Dow registered their biggest daily percentage gains since May 4, on signs of easing political turmoil in Italy and as a surge in oil prices boosted energy stocks.