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Asian shares touch four-month high, dollar sags on Fed’s relaxed views

February 2, 2017 by · Leave a Comment 

Asian shares touched four-month highs while the dollar sagged on Thursday after the U.S. Federal Reserve stuck to its mildly upbeat economic view but gave no hint of accelerating rate hikes. While strong economic data from the United States and elsewhere has underpinned risk assets, uncertainty and concerns over U.S. President Donald Trump's policies have put global markets on edge. “With many of his cabinet members still not approved, including (incoming Treasury Secretary Steven) Mnuchin…

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Asian shares touch four-month high, dollar sags on Fed’s relaxed views

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Trump pushes drugmakers for lower prices, more U.S. production

February 1, 2017 by · Leave a Comment 

WASHINGTON/LOS ANGELES (Reuters) – U.S. President Donald Trump in a meeting on Tuesday with pharmaceutical executives called on them to manufacture more of their drugs in the United States and cut prices, while vowing to speed approval …

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Trump pushes drugmakers for lower prices, more U.S. production

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Shares fall, dollar dips versus yen after Trump travels curbs

January 30, 2017 by · Leave a Comment 

By Nigel Stephenson LONDON (Reuters) – Shares fell in Europe and Asia on Monday and the dollar dipped against the yen after immigration curbs introduced by Donald Trump added an extra layer of uncertainty to the economic impact of the new U.S. president's policies. French 10-year yields hit a 16-month high in early trade after an opinion poll showed conservative presidential election candidate …

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Shares fall, dollar dips versus yen after Trump travels curbs

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Alphabet posts strong revenue growth, higher taxes hit earnings

January 27, 2017 by · Leave a Comment 

Google parent Alphabet Inc posted fourth-quarter profit below analysts' estimates on Thursday, hurt by a higher tax rate, but analysts cheered the company's progress in diversifying its business beyond advertising. While advertising still accounts for the lion's share …

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Alphabet posts strong revenue growth, higher taxes hit earnings

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As regulators waver, Apple takes on Qualcomm in courts

January 27, 2017 by · Leave a Comment 

By Stephen Nellis SAN FRANCISCO (Reuters) – Apple Inc's new legal assault on Qualcomm in the United States and China reflects its conclusion that regulators are unlikely to put an end to what it considers the chip maker's unfair business practices, analysts said. Apple has long objected to Qualcomm's…

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As regulators waver, Apple takes on Qualcomm in courts

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More businesses must work with suppliers to curb climate change: study

January 24, 2017 by · Leave a Comment 

Too few businesses are working with their suppliers to reduce greenhouse gas emissions, according to study that praised 29 companies including General Motors , Sky and Sony Corp for taking the lead. “The supply chain is the new frontier in environmental responsibility – an area rich with opportunity that remains mostly unexplored,” non-profit group CDP, formerly known as the Carbon Disclosure Project, wrote in its report published on Tuesday.

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More businesses must work with suppliers to curb climate change: study

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U.S. judge approves VW dealers $1.2 billion settlement

January 24, 2017 by · Leave a Comment 

Volkswagen AG's dealers will receive an average of $1.85 million in a $1.2 billion settlement approved by a U.S. judge on Monday over its diesel emissions scandal. U.S. District Judge Charles Breyer said the 650 U.S. dealers would be paid over 18 months, ruling the settlement “fair, reasonable, and adequate.” VW also agreed to keep making volume-based incentive payments to dealers, and will allow them to defer capital improvements for two years. In total, VW has now…

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U.S. judge approves VW dealers $1.2 billion settlement

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Chief of Taiwan’s Foxconn says rise of protectionism unavoidable

January 22, 2017 by · Leave a Comment 

The head of Foxconn, the world's largest contract manufacturer of electronic goods and a major Apple Inc supplier, said on Sunday that the rise of protectionism is unavoidable. Terry Gou, chairman of Foxconn, formally known as Hon Hai Precision Industry Co, warned that uncertainties for this year make it tough to have a very clear analysis and outlook, but he said it was clear politics would underpin economic development.

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Chief of Taiwan’s Foxconn says rise of protectionism unavoidable

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Ministers positive on OPEC, non-OPEC oil output cuts

January 22, 2017 by · Leave a Comment 

Energy ministers from OPEC and non-OPEC countries meeting in Vienna on Sunday have struck a positive note regarding their agreement to cut oil output as a committee set to monitor compliance with the deal meets for the first time. Kuwaiti oil minister Essam Al-Marzouq, who chairs the five-member compliance committee, said it would examine how to

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Ministers positive on OPEC, non-OPEC oil output cuts

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Foxconn CEO says investment for display plant in U.S. would exceed $7 billion

January 22, 2017 by · Leave a Comment 

Foxconn, the world's largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion, company chairman and chief executive Terry …

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Foxconn CEO says investment for display plant in U.S. would exceed $7 billion

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