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Asia stocks pare losses, dollar flounders as lift from Fed, Mnuchin wanes

Thu, 23 Feb 2017 01:59:23 -0500

SINGAPORE (Reuters) - Asian stocks steadied on Thursday after earlier losses, aided by a weaker dollar as markets studied Federal Reserve meeting minutes that indicated both readiness and caution over raising interest rates.(image)

Trump to seek jobs advice from firms that offshore U.S. work

Wed, 22 Feb 2017 22:11:54 -0500

WASHINGTON (Reuters) - President Donald Trump, who has vowed to stop U.S. manufacturing from disappearing overseas, will seek job-creation advice on Thursday from at least five companies that are laying off thousands of workers as they shift production abroad.(image)

Tech breakthroughs take a backseat in upcoming Apple iPhone launch

Thu, 23 Feb 2017 01:14:32 -0500

SAN FRANCISCO (Reuters) - When Apple Inc launches its much-anticipated 10th anniversary iPhone this fall, it will offer an unwitting lesson in how much the smartphone industry it pioneered has matured.(image)

Tesla says Model 3 on track for volume production by September

Thu, 23 Feb 2017 02:20:13 -0500

SAN FRANCISCO (Reuters) - Tesla Inc said on Wednesday its mass-market Model 3 sedan was on track for volume production by September, encouraging investors who see the electric vehicle as the avenue to profitability for the young company.(image)

Ghosn cedes Nissan CEO role, to focus on alliance with Renault, Mitsubishi

Thu, 23 Feb 2017 02:18:25 -0500

TOKYO (Reuters) - Nissan Motor Co said Carlos Ghosn will step aside as CEO after leading the firm for 16 years, allowing him to concentrate on deploying his cost-cutting expertise across its alliance with Renault SA and newly added Mitsubishi Motors Corp .(image)

Mnuchin says dollar strength reflects confidence in U.S. economy: WSJ

Wed, 22 Feb 2017 19:17:52 -0500

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin on Wednesday praised the strong dollar as a reflection of confidence in the U.S. economy, telling The Wall Street Journal in an interview that it was "a good thing" in the long run.(image)

Olympics, smartphones push Twitter revenue up 30 percent in Brazil

Wed, 22 Feb 2017 22:07:22 -0500

SAO PAULO (Reuters) - Twitter Inc has found a bright spot in Brazil, Latin America's largest economy, even as weak advertising sales across the globe have punished the social network's stock in recent weeks.(image)

Chemchina extends tender offer for Syngenta to April 28

Thu, 23 Feb 2017 01:31:27 -0500

ZURICH (Reuters) - China National Chemical Corporation (ChemChina) has extended until April 28 its $43 billion tender offer for Swiss pesticides and seeds group Syngenta , it said on Thursday.(image)

Disrupting the disruptors: Singapore rattles sharing economy with rule change

Thu, 23 Feb 2017 01:26:13 -0500

SINGAPORE (Reuters) - Singapore, a keen early adopter of the sharing economy, has fired a warning shot across the bow of Airbnb and Uber with tighter rules that could shake up their business models and growth ambitions in Asia.(image)

Federal Reserve minutes point to rate hike 'fairly soon'

Wed, 22 Feb 2017 14:58:57 -0500

WASHINGTON (Reuters) - Many Federal Reserve policymakers said it may be appropriate to raise interest rates again "fairly soon" should jobs and inflation data come in line with expectations, according to the minutes of the Fed's last policy meeting released on Wednesday.(image)