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Dollar buoyant near 10-day peak, bolstered by higher U.S. yields
The dollar was buoyant near a 10-day peak on Friday, supported by Treasury yields that edged higher on expectations the U.S. inflation rate will rise.
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Business News
Asian shares extend rebound but trade fears dog China stocks
Most Asian share markets rose on Friday, heartened by gains on Wall Street fueled by expectations of strong U.S. earnings, but China’s markets wobbled as investors braced for the impact of broadening, tit-for-tat Chinese-U.S tariffs.
Business News
Apollo Global, CEO Leon Black sued by Caldera Holdings
Apollo Global Management and its Chief Executive Leon Black are being sued by Caldera Holdings, a venture founded by Imran Siddiqui, a former managing director at the buyout firm, a court filing on Thursday showed.
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Justice Department to appeal approval of AT&T acquisition of Time Warner
The U.S. Justice Department said on Thursday it would appeal a federal judge’s approval of AT&T Inc’s (T.N) $85.4 billion acquisition of Time Warner, raising the prospect barely a month after the deal closed that it could be undone. AT&T was sued by the Justice Department on antitrust grounds, saying that the deal would harm consumers, but U.S. District Judge Richard Leon last month approved the deal, allowing it to move forward following a lengthy trial. Leon ruled that the tie-up between AT&T’s wireless and satellite businesses with Time Warner’s movies and television shows was legal under antitrust …read more […]
Business News
Oil edges lower, set for big weekly decline
Oil prices edged lower on Friday and were set for a second weekly fall, as the market shrugged off a warning that spare capacity may be stretched as OPEC and Russia increase production.
Business News
Chinese imports to U.S. ports start peaking early amid tariff threat
Chinese imports to U.S. ports rose more than expected in June, suggesting that some retailers moved up orders to insulate themselves from an intensifying trade war that threatens to send up costs on a growing number of consumer products.
Business News
Dollar steady against peers; China trade data in focus
The dollar held firm near a 10-day high on Friday boosted by expectations U.S. inflation will pick up, although concerns about an escalation in U.S.-China trade tensions limited the greenback’s gains.
Business News
Apple launches $300 million green energy fund in China
Apple Inc will launch a $300 million clean energy fund in China, the firm said in a statement on Friday, working with its suppliers to invest in renewable energy projects that could power close to 1 million homes in the country.
Business News
Justice Department to appeal approval of AT&T acquisition of Time Warner
The U.S. Justice Department said on Thursday it would appeal a federal judge’s approval of AT&T Inc’s $85.4 billion acquisition of Time Warner, raising the prospect barely a month after the deal closed that it could be undone.
Business News
Top Twitter users lose 2 percent of followers on average as policy changes
A Twitter Inc policy change on Thursday to increase the service’s credibility cost its 100 most popular users about 2 percent of their followers, on average, according to social media data firm Keyhole.
Business News
Exclusive: Jeff Bezos plans to charge at least $200,000 for space rides – sources
Jeff Bezos’ rocket company plans to charge passengers about $200,000 to $300,000 for its first trips into space next year, two people familiar with its plans told Reuters.
Business News
Asian shares extend recovery on Wall Street gains
Asian shares were higher on Friday following gains on Wall Street overnight, as concerns over an escalating U.S. trade war with China took a breather.
Business News
Top Twitter users lose two percent of followers on average as policy changes
A Twitter Inc policy change on Thursday to increase the service’s credibility cost its 100 most popular users about 2 percent of their followers, on average, according to social media data firm Keyhole.
Business News
U.S. stock futures hit five-month high
U.S. stock futures rose to a five-month high on Friday, extending their recent rally on expectations of solid earnings growth among U.S. firms despite threats from trade wars.
Business News
Walmart says no decision to sell Japan Seiyu supermarket unit
U.S. retailer Walmart Inc on Thursday said it has not decided to sell its Japanese supermarket chain Seiyu and would continue to develop its business in Japan.