Business & Finance News
COPENHAGEN (Reuters) – The world’s largest container shipping firm A.P. Moller-Maersk said Thursday it would shut down its business in Iran to abide with reimposed sanctions after Washington pulled the United States from a nuclear accord.
BERLIN (Reuters) – Volkswagen’s core autos brand will skip the Paris motor show this year, the company said on Thursday, becoming the latest and most prominent carmaker to ditch the biennial industry gathering in the French capital.
NEW YORK/ SAN FRANCISCO (Reuters) – Beijing’s unslakeable thirst for the latest technology has spurred a proliferation of “accelerators” in Silicon Valley that aim to identify promising startups and bring them to China.
LONDON (Reuters) – Britain’s Ocado said U.S. retailer Kroger had agreed an exclusive deal to use its technology for grocery deliveries, securing the online supermarket pioneer’s entry into the world’s biggest market and sending its shares up 50 percent.
LONDON (Reuters) – Lawyers for Royal Bank of Scotland asked an ex-employee to destroy confidential documents, according to a letter seen by Reuters, in a move which the former staffer’s lawyer said put him at risk of legal action by the U.S. government.
HONG KONG (Reuters) – Robust earnings from Tencent Holdings sent its market value surging by as much as $34 billion on Thursday, helping the Chinese technology giant briefly reclaim the mantle of Asia’s most valuable listed company.
SINGAPORE (Reuters) – The euro struggled near five-month lows on Thursday as worries Italian populist parties might push for debt forgiveness from the European Central Bank triggered wider concerns about market disruption in the common currency region.
LONDON (Reuters) – British online supermarket Ocado said U.S. retailer Kroger had agreed an exclusive deal to use its technology for grocery deliveries.
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.
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.
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.
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.
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