NEW YORK (Reuters) – World stock markets broadly retreated amid investor caution after a flurry of tepid corporate earnings reports from around the globe, stoking demand instead for safer assets like U.S. Treasuries, pushing yields lower.
DUBAI (Reuters) – Saudi Arabia’s plans to sell state assets – including a stake in energy giant Saudi Aramco – are becoming even more important to its finances as a recession slows Riyadh’s effort to close a budget deficit caused by low oil prices.
TOKYO (Reuters) – Nissan Motor Co Ltd is suspending domestic production of vehicles for the Japanese market for at least two weeks to address misconduct in its final inspection procedures that led to a major recall, it said on Thursday.
LONDON (Reuters) – World stocks set a fresh record high before stalling in Europe on Thursday, as the longest winning streak for Japanese stocks since 1988 and the first close above 23,000 for Wall Street’s Dow index helped to offset nerves about Spain…
NEW YORK (Reuters) – Verizon Communications Inc’s quarterly revenue topped Wall Street analyst estimates on Thursday and the company added more phone subscribers than expected, sending shares of the No. 1 U.S. wireless carrier up in mid-morning tradin…
TOKYO (Reuters) – Four Japanese automakers on Thursday said they found no safety issues with aluminum parts supplied by Kobe Steel Ltd , allaying some concerns that falsified quality data on products from the steelmaker had compromised their vehicles.
(Reuters) – U.S. cities are offering Amazon.com Inc at least as much as $7 billion in tax breaks ahead of a Thursday deadline as they compete to house its second headquarters.
VERONA, Italy (Reuters) – A global deal to cut oil output has not led to a breakthrough on high inventory levels, while an expected rise in U.S. shale oil output may destabilize the market in 2018, the head of Russia’s Rosneft, Igor Sechin, said on Thu…
YOKOHAMA (Reuters) – Nissan said on Thursday it was suspending all car production in Japan after finding that some final vehicle checks were still being carried out by uncertified inspectors at three of its plants.
LONDON (Reuters) – Unilever reported lower-than-expected third-quarter sales, losing market share to smaller competitors and dampening hopes that an aborted takeover offer from Kraft Heinz would spark a swift improvement.
ZURICH (Reuters) – Swiss drugmaker Novartis is to cut 450 jobs in the United States over the next two years as it gradually shuts a generics manufacturing plant in Colorado and discontinues some products in the face of intense price pressures.
TOKYO (Reuters) – Three Japanese automakers on Thursday said they found no safety issues with aluminum parts made by Kobe Steel Ltd , allaying some concerns that falsified quality data on products from the steelmaker had compromised their vehicles.
LONDON (Reuters) – World stocks set a fresh record high before stalling in Europe on Thursday, as the longest winning streak for Japanese stocks since 1998 and the first close above 23,000 for Wall Street’s Dow index helped to offset nerves in Spain.
(Reuters) – Singapore Exchange Ltd (SGX) and Nasdaq Inc said on Wednesday they were teaming up to woo fast-growing Asian tech firms interested in listing on both their exchanges, as they look to better compete for mid-sized IPOs.
TOKYO (Reuters) – Nissan Motor Co Ltd said Chief Executive Hiroto Saikawa will hold at news conference 1000 GMT on Thursday to brief on its uncertified inspection scandal.
TOKYO (Reuters) – Three Japanese automakers on Thursday confirmed the safety of aluminum components made by Kobe Steel Ltd, allaying some concerns that Kobe’s falsified quality data had compromised the safety of the products.
ZURICH (Reuters) – Swiss food giant Nestle expects organic sales growth to stay muted in the fourth quarter and is speeding up its restructuring program as it seeks to improve profit margins.
(Reuters) – Australia’s Westpac Banking Corp said on Thursday it will pay refunds to about 200,000 customers who should have received cash benefits, as the country’s lenders seek to ease concerns about their governance after a series of scandals.
TOKYO (Reuters) – Asian stocks shed early gains on Thursday, pulling back from decade highs, with Chinese equities leading the way lower after data showed growth in the world’s second largest economy slowed slightly in the third quarter.
NEW YORK (Reuters) – Thirty years ago, before heading to work at the New York Stock Exchange, Peter Kenny left his home in lower Manhattan and made a detour to the nearby Our Lady of Victory church to pray to St. Jude, the Roman Catholic patron saint o…
NEW YORK (Reuters) – On the 30th anniversary of the 1987 stock market crash, U.S. stocks are at a record high and investors are concerned that steep valuations may mean a correction is overdue, despite healthy corporate earnings and economic growth.
TOKYO (Reuters) – Japan’s securities watchdog is investigating Toshiba Corp’s accounting in its latest earnings statement to see if it properly handled losses incurred by its U.S. nuclear unit, a source with knowledge of the matter said on Thursday.