World + Economy

A computer screen shows features of the Windows 10 operating system at the Microsoft store at Roosevelt Field in Garden City

Chinese users criticize Microsoft's push for Windows 10 upgrade: Xinhua

Reuters - Chinese users of Microsoft products are criticizing the software company's push to get them to mandatorily upgrade their Windows operating systems, the official Xinhua news agency reported on Friday.…

A sign of Alibaba Group is seen at CES Asia 2016 in Shanghai

Short sellers circle Alibaba amid SEC probe

Reuters - By Jennifer Ablan NEW YORK (Reuters) - Alibaba Group Holding Ltd , which disclosed it is…

The logo of Samsung Electronic is seen at its headquarters in Seoul

Samsung Elec to launch Samsung Pay web payments app: Electronic Times

Reuters - Tech giant Samsung Electronics Co Ltd will launch a smartphone app in South Korea that wo…

Latest News

  • A computer screen shows features of the Windows 10 operating system at the Microsoft store at Roosevelt Field in Garden City
    Chinese users criticize Microsoft's push for Windows 10 upgrade: Xinhua Reuters

    Chinese users of Microsoft products are criticizing the software company's push to get them to mandatorily upgrade their Windows operating systems, the official Xinhua news agency reported on Friday.  …

    A computer screen shows features of the Windows 10 operating system at the Microsoft store at Roosevelt Field in Garden City

    Chinese users of Microsoft products are criticizing the software company's push to get them to mandatorily upgrade their Windows operating systems, the official Xinhua news agency reported on Friday. Posts critical of Microsoft on microblog site Weibo relating to the Windows 10 upgrade, which Microsoft users must switch …

  • Short sellers circle Alibaba amid SEC probe Reuters

    By Jennifer Ablan NEW YORK (Reuters) - Alibaba Group Holding Ltd , which disclosed it is under investigation for its accounting practices, has emerged as one of the short-selling community's favorite …

    A sign of Alibaba Group is seen at CES Asia 2016 in Shanghai

    By Jennifer Ablan NEW YORK (Reuters) - Alibaba Group Holding Ltd , which disclosed it is under investigation for its accounting practices, has emerged as one of the short-selling community's favorite targets in the relatively short time it has been in the public market. Noted short-sellers Jim Chanos of Kynikos Associates …

  • Samsung Elec to launch Samsung Pay web payments app: Electronic Times Reuters

    Tech giant Samsung Electronics Co Ltd will launch a smartphone app in South Korea that would allow for easier use of its mobile payments service for online transactions, the Electronic Times reported on …

    The logo of Samsung Electronic is seen at its headquarters in Seoul

    Tech giant Samsung Electronics Co Ltd will launch a smartphone app in South Korea that would allow for easier use of its mobile payments service for online transactions, the Electronic Times reported on Friday citing unnamed sources. The South Korean paper said the app, to be called Samsung Pay mini, would be compatible …

  • Oil dips after hitting $50/bbl; U.S. stocks steady Reuters

    By Caroline Valetkevitch NEW YORK (Reuters) - Oil prices eased on Thursday after topping $50 a barrel for the first time in about seven months, while U.S. stocks ended near flat after two days of strong …

    Traders work on the floor of the NYSE in New York

    By Caroline Valetkevitch NEW YORK (Reuters) - Oil prices eased on Thursday after topping $50 a barrel for the first time in about seven months, while U.S. stocks ended near flat after two days of strong gains. Concern that robust oil price gains could encourage more output weighed on the energy market. Oil futures have …

  • Citigroup to pay $425 million over attempted interest rate manipulation Reuters

    (Reuters) - Citigroup Inc has agreed to pay $425 million to resolve civil charges that it tried to manipulate interest rate benchmarks. In announcing the settlement on Wednesday, the Commodities Futures …

    People walk past a branch of Citibank in Beijing

    (Reuters) - Citigroup Inc has agreed to pay $425 million to resolve civil charges that it tried to manipulate interest rate benchmarks. In announcing the settlement on Wednesday, the Commodities Futures Trading Commission said Citigroup affiliates also made false reports in connection with ISDAFIX benchmark rates and …

  • Tiffany's 'old-world luxury' fails to charm millennials Reuters

    For Alan Feid, a 28-year-old looking to buy an engagement ring for his fiancée, the rings he found in the diamond district in Manhattan were just as good as the ones he saw at Tiffany & Co's flagship …

    The Tiffany & Co. logo is seen on an awning of their store in Manhasset, New York,

    For Alan Feid, a 28-year-old looking to buy an engagement ring for his fiancée, the rings he found in the diamond district in Manhattan were just as good as the ones he saw at Tiffany & Co's flagship store on Fifth Avenue. Tiffany's jewelry, long considered a status symbol, has been patronized by Hollywood A-listers and …

  • Don't lie, don't cheat, don't start rumors, says new FX code Reuters

    By Patrick Graham LONDON (Reuters) - The first global code of conduct for currency trading has banned dealers from lying and starting false rumors as part of new guidelines aimed at rebuilding trust in …

    Currency signs of Japanese Yen, Euro and the U.S. dollar are seen on a board outside a currency exchange office at Narita International airport

    By Patrick Graham LONDON (Reuters) - The first global code of conduct for currency trading has banned dealers from lying and starting false rumors as part of new guidelines aimed at rebuilding trust in a foreign exchange market plagued by scandals and accusations of manipulation. The document, released on Thursday after …

  • McDonald's French HQ searched in tax probe: sources Reuters

    French investigators searched McDonald's French headquarters on May 18, targetting the U.S. fast food chain in a tax probe, sources with knowledge of the matter told Reuters on Thursday. One of the sources …

    File photo of McDonald's logo in Paris

    French investigators searched McDonald's French headquarters on May 18, targetting the U.S. fast food chain in a tax probe, sources with knowledge of the matter told Reuters on Thursday. One of the sources said a preliminary inquiry had been opened after former investigating magistrate and politician Eva Joly filed a lawsuit …

  • BMW CEO poised to shake up top team: report Reuters

    BMW plans to appoint new finance and purchasing chiefs as Chief Executive Harald Krueger builds a younger management team to lead the German carmaker into the future, a monthly magazine reported on Thursday. …

    The BMW logo is seen on the wheel of a vehicle presented at the Auto China 2016 auto show in Beijing

    BMW plans to appoint new finance and purchasing chiefs as Chief Executive Harald Krueger builds a younger management team to lead the German carmaker into the future, a monthly magazine reported on Thursday. Krueger, a 50-year-old who took over a year ago from Norbert Reithofer, wants to replace finance chief Friedrich …

  • Takata in rescue talks with KKR, other investors: sources Reuters

    By Taro Fuse and Junko Fujita TOKYO (Reuters) - Takata Corp <7312.T> is in bailout talks with a number of potential investors including private equity firm KKR & Co , people familiar with the matter said …

    Visitors walk past a logo of Takata Corp on its display at a showroom for vehicles in Tokyo, Japan

    By Taro Fuse and Junko Fujita TOKYO (Reuters) - Takata Corp <7312.T> is in bailout talks with a number of potential investors including private equity firm KKR & Co , people familiar with the matter said on Thursday, driving up shares in the embattled auto parts maker. The sources, who cannot be named as they are not …

  • Business jet makers face battle on pricing as deliveries drop Reuters

    By Cyril Altmeyer GENEVA (Reuters) - Business jet manufacturers are locked in a price battle as deliveries of new aircraft remain weak and recently sold aircraft come back onto the market at attractive …

    Visitors look at Global 7000 Bombardier aircraft replica during EBACE at Cointrin airport in Geneva

    By Cyril Altmeyer GENEVA (Reuters) - Business jet manufacturers are locked in a price battle as deliveries of new aircraft remain weak and recently sold aircraft come back onto the market at attractive prices, delegates at an annual corporate jet convention said. Demand for business jets reflects the health of economies …

  • Singapore ex-BSI wealth manager stays in remand as prosecutor challenging bail Reuters

    A former Singapore wealth manager of troubled Swiss private bank BSI Bank will remain in remand of white-collar police after the state prosecutor said it is challenging a court's decision on Thursday to …

    An employee enters the reception area of Swiss bank BSI's office in Singapore

    A former Singapore wealth manager of troubled Swiss private bank BSI Bank will remain in remand of white-collar police after the state prosecutor said it is challenging a court's decision on Thursday to grant him bail of S$600,000 ($435,761). The case is part of Singapore's money laundering investigation related to scandal-hit …

  • New B.C. oil discovery takes province's crude output to a nine-year high The Canadian Press

    In Premier Christy Clark's vision of British Columbia's economic future, natural gas is the headliner as the province gears up to export billions of tonnes of liquefied natural gas from proposed …

    New B.C. oil discovery takes province's crude output to a nine-year high

    In Premier Christy Clark's vision of British Columbia's economic future, natural gas is the headliner as the province gears up to export billions of tonnes of liquefied natural gas from proposed West Coast ...

  • French Senate decides not to pursue SocGen CEO over 2012 tax testimony Reuters

    France's top Senate committee decided on Thursday not to pursue Societe Generale Chief Executive Frederic Oudea over allegations he misled France's upper house of parliament in 2012 regarding the French …

    Societe Generale Chief Executive Frederic Oudea arrives at a Senate hearing in Paris where he reiterated that the French bank had no offices or staff in Panama as of 2012

    France's top Senate committee decided on Thursday not to pursue Societe Generale Chief Executive Frederic Oudea over allegations he misled France's upper house of parliament in 2012 regarding the French bank's activities in Panama. Earlier this month, Oudea defended SocGen over the Panama Papers revelations during a two-hour …

  • UK business investment falls ahead of EU referendum Reuters

    By Ana Nicolaci da Costa and William Schomberg LONDON (Reuters) - Business investment in Britain fell in early 2016, a sign that uncertainty caused by the country's impending referendum on European Union …

    Workers are seen in office windows in the financial district of Canary Wharf in London

    By Ana Nicolaci da Costa and William Schomberg LONDON (Reuters) - Business investment in Britain fell in early 2016, a sign that uncertainty caused by the country's impending referendum on European Union membership is weighing on companies. Growth in the economy slowed to 0.4 percent in the January-March period, the …

  • Exclusive: New York financial regulator gearing up to probe online lenders - source Reuters

    New York state's financial regulator, which recently launched a probe into LendingClub Corp, is preparing to look into the activities at other online lenders and whether they should be licensed in New …

    File photo of United States one dollar bills seen on a light table at the Bureau of Engraving and Printing in Washington

    New York state's financial regulator, which recently launched a probe into LendingClub Corp, is preparing to look into the activities at other online lenders and whether they should be licensed in New York, a person familiar with the matter said on Wednesday. The New York Department of Financial Services (NYDFS) has not …

  • Brazilian companies rank worst among major economies on cyber security - report Reuters

    By Dustin Volz WASHINGTON (Reuters) - Companies based in Brazil scored “significantly poorer” in aggregate on a variety of cyber security indicators than those based in other major world economies, such …

    Illustration file picture shows a man typing on a computer keyboard in Warsaw

    By Dustin Volz WASHINGTON (Reuters) - Companies based in Brazil scored “significantly poorer” in aggregate on a variety of cyber security indicators than those based in other major world economies, such as the United States and China, according to a report released on Thursday. The study, from Massachusetts-based security …

  • South Korea picks GE to supply engines for homegrown fighter jets Reuters

    South Korea has picked General Electric Co to supply engines for its homegrown KF-X fighter jet project, preferring the U.S. giant over a European consortium in a deal that could be worth an estimated …

    The logo of General Electric is pictured at the 26th World Gas Conference in Paris

    South Korea has picked General Electric Co to supply engines for its homegrown KF-X fighter jet project, preferring the U.S. giant over a European consortium in a deal that could be worth an estimated $3.5 billion. The decision, announced on Thursday by the country's arms procurement agency marks the latest step in Seoul's …

  • Oil ends session up; misses $50-target amid profit-taking Reuters

    By Barani Krishnan NEW YORK (Reuters) - Oil prices rose about 2 percent on Wednesday after the U.S. government reported a larger-than-expected drop in crude inventories, but profit-taking after the data …

    Crude oil drips from a valve at an oil well operated by Venezuela's state oil company PDVSA, in the oil rich Orinoco belt, near Morichal at the state of Monagas

    By Barani Krishnan NEW YORK (Reuters) - Oil prices rose about 2 percent on Wednesday after the U.S. government reported a larger-than-expected drop in crude inventories, but profit-taking after the data kept prices below the $50 a barrel level that oil bulls had been hoping for. The U.S. Energy Information Administration …

  • Asian shares look set to advance, oil prices eye $50 Reuters

    By Hideyuki Sano TOKYO (Reuters) - Asian shares look set to extend their recovery from 12-week lows on Thursday after renewed optimism on European banks' prospects and a rise in oil prices to near $50 …

    Visitors looks at an electronic board showing the Japan's Nikkei average at the Tokyo Stock Exchange in Tokyo

    By Hideyuki Sano TOKYO (Reuters) - Asian shares look set to extend their recovery from 12-week lows on Thursday after renewed optimism on European banks' prospects and a rise in oil prices to near $50 a barrel helped lift global shares.