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British government completes 7.7 percent RBS stake sale
LONDON (Reuters) – Britain’s government sold approximately 7.7 percent of Royal Bank of Scotland shares , the bank said in a regulatory filing on Tuesday.
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Asia stocks steady after rally, focus back on fundamentals
TOKYO (Reuters) – Asian stocks steadied on Tuesday as investors paused for breath after the previous day’s rally, although tech-inspired Wall Street gains supported broader sentiment as focus shifted to bullish economic fundamentals, away from trade concerns.
Business News
Emirates sees oil, dollar ‘double whammy’, but demand strong
SYDNEY (Reuters) – The president of Emirates airline said the rare combination of higher oil and a stronger dollar, which usually move in opposite directions, represented a “double whammy” in terms of their impact on costs but that passenger demand remained strong.
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Memo shows lawyers’ inconsistencies on Trump Tower meeting
For months, President Donald Trump’s legal team, the White House press secretary and others in Trump’s orbit said he did not dictate or help draft a June 2017 statement trying to explain the June 2016 Trump Tower meeting between his eldest son and a Russian lawyer. In a January letter to special counsel Robert Mueller, Trump’s lawyers said the president “dictated a short but accurate response” to the first report that his son, Donald Trump Jr., and others had met with the Russian lawyer during the 2016 presidential election. The Trump Tower meeting — and the White House’s …read more […]
Business News
Japan’s Sharp says to buy Toshiba’s PC business
TOKYO (Reuters) – Japan’s Sharp Corp said it will acquire Toshiba Corp’s personal computer business for $36 million, highlighting its recovery under the control of Foxconn and marking a return to a business it quit eight years ago.
Business News
Asia stocks edge down after rally, focus back on fundamentals
TOKYO (Reuters) – Asian stocks pulled back on Tuesday as investors paused for breath after the previous day’s rally, although tech-inspired Wall Street gains supported broader sentiment as focus shifted to bullish economic fundamentals, away from trade concerns.
Business News
Exclusive: Mexico set to impose 20 percent tariff on U.S. pork legs – sources
MEXICO CITY (Reuters) – Mexico will impose a 20 percent tariff on U.S. pork imports, two industry officials with direct knowledge of the plan told Reuters on Monday, for the first time providing details of the country’s retaliatory measures to U.S. President Donald Trump’s tariffs on steel and aluminum.
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Mexico firms eye workaround on U.S. metals tariffs; consumers in bind
MEXICO CITY (Reuters) – Mexican firms will need to cut deals with suppliers and consider buying goods elsewhere once a conflict over U.S. steel and aluminum import tariffs starts to bite, even as consumers are seen ultimately picking up the tab from any higher prices.
Business News
Asia stocks dip after rally, focus back on fundamentals
TOKYO (Reuters) – Asian stocks dipped on Tuesday as the markets took a breather after the previous day’s rally, although tech-inspired Wall Street gains helped limit the losses, with investor focus moving away from trade concerns and back to benign economic fundamentals.
Business News
Oil climbs, but record U.S. crude output, higher OPEC supplies drag
SEOUL (Reuters) – Oil prices edged higher on Tuesday after falling nearly 2 percent in the previous session, but growing U.S. production and expectations of higher OPEC supplies continue to weigh on sentiment.
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Apple issues new App Store rules aimed at streaming PC-based games
(Reuters) – Apple Inc on Monday issued new review guidelines for its lucrative App Store platform, after it moved to block plans by Steam, the biggest distributor of PC-based video games, to extend its reach into iPhones and iPads.
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Starbucks executive Schultz to step aside, mulling ‘range of options’
(Reuters) – Starbucks Corp Executive Chairman Howard Schultz is stepping away from hands-on management at the global coffee chain, effective June 26, fuelling speculation that the outspoken, liberal-leaning executive will make a U.S. presidential bid.
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Gambling Stock Roundup: Macau Show Disappoints, MGM & BYD Provide Buyout Updates
Gambling stocks with highest exposure to Macau region decline after revenues fall short of analyst expectations. MGM Resorts to buy Empire City Casino’s race track and casino. …read more […]
Business News
Ex-Goldman Sachs programer seeks to overturn code theft conviction
NEW YORK (Reuters) – Former Goldman Sachs Group Inc programer Sergey Aleynikov on Monday filed a new challenge to his criminal conviction of stealing computer code from the investment bank when he left for another job.
Business News
Total virtual currency sales jump in 2018 but monthly trend slows: report
NEW YORK (Reuters) – Virtual currency sales ballooned to $9.1 billion so far this year, exceeding the $6.6 billion total for all of 2017, a financial technology data provider reported on Monday, but it said the monthly trend actually showed a slowdown if the two biggest offerings are excluded.