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.
SINGAPORE (Reuters) – Asian shares edged higher on Thursday while the euro gained some respite after hitting five-month lows a day earlier.
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 […]
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.
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.
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.
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.
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.
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.
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.
NEW YORK (Reuters) – If Tesla Inc Chief Executive Elon Musk needs to raise even more money, there may be a way.
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 […]
(Reuters) – Network gear maker Cisco Systems Inc reported third-quarter profit and revenue that topped analysts’ estimates on Wednesday, but shares fell 4 percent after dour current-quarter forecasts indicated that the transition to a software-focused business remained a work in progress.
Appearing before the Senate Judiciary committee today as part of the ongoing …read more […]
NEW YORK (Reuters) – If Tesla Inc Chief Executive Elon Musk needs to raise even more money, there may be a way.
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