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U.S. consumer, housing data underscore economy’s resilience

There are, however, signs the malaise from manufacturing and export-oriented industries is starting to filter into the services sector, with data on Tuesday showing activity in that vast sector hit a one-year low in January. The Conference Board said its consumer confidence index rose to 98.1 this month from 96.3 in December as …

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U.S. consumer, housing data underscore economy’s resilience

Iran marks comeback with talks to buy 160 European planes

By Tim Hepher TEHRAN (Reuters) – Iran unveiled an expanded shopping list for more than 160 European planes – including 8 superjumbos – and dangled another big order in front of Boeing at Tehran's first major post-sanctions business gathering on Sunday. In a sign of Tehran's determination to compete with established …

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Iran marks comeback with talks to buy 160 European planes

Desperate in Davos: policymakers struggle for answers

By Noah Barkin DAVOS, Switzerland (Reuters) – Angela Merkel was missing from Davos this year, but the German leader's optimistic mantra “we can do this” echoed through the snowy resort in the Swiss Alps. Beneath the veneer of can-do optimism at the World Economic Forum, however, was a creeping concern that the politicians, diplomats and central bankers who flock each year to this gathering of the…

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Desperate in Davos: policymakers struggle for answers

Siemens to buy CD-adapco for close to $1 billion: source

Siemens AG , Europe's biggest industrial group, has agreed to buy CD-adapco, a privately held U.S. engineering software firm, for close to $1 billion in cash, according to a person familiar with the matter. Siemens's deal with CD-adapco could be announced as early

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Siemens to buy CD-adapco for close to $1 billion: source

Top Twitter executives to leave company in reshuffle: source

By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Four senior Twitter executives are leaving the media company, which is also adding a new chief marketing officer and two board members, a source said on Sunday, outlining the biggest leadership changes since Jack Dorsey returned as chief executive…

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Top Twitter executives to leave company in reshuffle: source

Crude extends gains after surge on short-covering, cold spell

Oil prices soared 10 percent on Friday, one of the biggest daily rallies ever, as bearish traders who had taken out record short positions scrambled to close them, betting the market's long rout may finally be over. “Low crude oil prices continue to negatively impact high cost U.S. oil producers. A massive snowstorm on the U.S. East Coast helped stoke demand for oil for heating, helping

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Crude extends gains after surge on short-covering, cold spell

Toshiba to sell part of its chip operations: sources

Japan's Toshiba Corp plans to sell part of its chip business as it aims to recover from a $1.3 billion accounting scandal, three people familiar with the matter told Reuters on Saturday. The electronics conglomerate has started accepting bids, with

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Toshiba to sell part of its chip operations: sources

IMF’s Lagarde says markets need clarity on China currency

Financial markets need more clarity on how the Chinese authorities are managing their currency, particularly the relationship of the yuan to the U.S. dollar, IMF Managing Director Christine Lagarde said on Saturday. Asked at a…

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IMF’s Lagarde says markets need clarity on China currency

Google to pay $185 million UK back taxes, critics want more

Google has agreed to pay 130 million pounds ($185 million) in back taxes to Britain, prompting criticism from opposition lawmakers and campaigners who said the “derisory” figure smacked of a “sweetheart deal”. Google, now part of Alphabet Inc , has been under pressure in recent years over its practice of channeling most profits from European clients through Ireland to Bermuda, where it pays no tax on them. In 2013, the …

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Google to pay $185 million UK back taxes, critics want more

VW China Chief: ‘volume isn’t everything’ in contest with GM

Volkswagen AG's China chief said on Saturday he's optimistic in the company's outlook for this year, saying “volume isn't everything” in the competition with General Motors Co to lead the

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VW China Chief: ‘volume isn’t everything’ in contest with GM

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