World + Economy

View shows Kremlin towers and St. Basil's Cathedral in central Moscow

Russia has motive, capability and form for U.S. email hack

Reuters - By Andrew Osborn MOSCOW (Reuters) - The Kremlin says it had zero involvement in the hacking of Democratic Party emails while U.S. officials say the hack originated in Russia. Seen through Kremlin e…

An employee of a bank counts US dollar notes at a branch in Hanoi

Dollar slides on U.S. GDP, Japan bonds fall on BOJ move

Reuters - By Herbert Lash NEW YORK (Reuters) - Weak U.S. economic growth data knocked down the dol…

3D-printed Samsung and Apple logos are seen in this picture illustration made in Zenica

Apple says Supreme Court should rule against Samsung over patents

Reuters - Apple Inc on Friday asked the U.S. Supreme Court to rule against Samsung Electronics Co L…

Latest News

  • View shows Kremlin towers and St. Basil's Cathedral in central Moscow
    Russia has motive, capability and form for U.S. email hack Reuters

    By Andrew Osborn MOSCOW (Reuters) - The Kremlin says it had zero involvement in the hacking of Democratic Party emails while U.S. officials say the hack originated in Russia. Seen through Kremlin eyes, …

    View shows Kremlin towers and St. Basil's Cathedral in central Moscow

    By Andrew Osborn MOSCOW (Reuters) - The Kremlin says it had zero involvement in the hacking of Democratic Party emails while U.S. officials say the hack originated in Russia. Seen through Kremlin eyes, Moscow would only be doing what it feels the United States has been doing to it for years anyway - interfering in a geopolitical …

  • Dollar slides on U.S. GDP, Japan bonds fall on BOJ move Reuters

    By Herbert Lash NEW YORK (Reuters) - Weak U.S. economic growth data knocked down the dollar and yields on U.S. government debt Friday, while Japanese government bond yields rose the most in eight years …

    An employee of a bank counts US dollar notes at a branch in Hanoi

    By Herbert Lash NEW YORK (Reuters) - Weak U.S. economic growth data knocked down the dollar and yields on U.S. government debt Friday, while Japanese government bond yields rose the most in eight years after investors reacted coolly to the Bank of Japan's latest effort to boost the economy. The U.S. economy grew far less …

  • Apple says Supreme Court should rule against Samsung over patents Reuters

    Apple Inc on Friday asked the U.S. Supreme Court to rule against Samsung Electronics Co Ltd over the damages Apple should receive in a case about smartphone design patents. In its legal brief, Apple said …

    3D-printed Samsung and Apple logos are seen in this picture illustration made in Zenica

    Apple Inc on Friday asked the U.S. Supreme Court to rule against Samsung Electronics Co Ltd over the damages Apple should receive in a case about smartphone design patents. In its legal brief, Apple said Samsung has introduced "no evidence" that design patent damages should be decided on anything less than the value of …

  • Rising revenue boosts UPS profit; 2016 forecast confirmed Reuters

    By Nick Carey CHICAGO (Reuters) - United Parcel Service Inc reported a higher quarterly net profit on Friday that met analyst expectations as revenue grew across its business units, and the company reaffirmed …

    An airplane is seen on the tarmac at the United Parcel Service (UPS) Regional Air Hub in Rockville

    By Nick Carey CHICAGO (Reuters) - United Parcel Service Inc reported a higher quarterly net profit on Friday that met analyst expectations as revenue grew across its business units, and the company reaffirmed its full-year earnings outlook despite global economic uncertainty. Chief Executive David Abney told Reuters …

  • Bank of England prepares to tackle Brexit hit Reuters

    By William Schomberg LONDON (Reuters) - The Bank of England (BoE) must decide over the coming week how much trouble Britain's economy is in following the shock vote to leave the European Union, and how …

    File photo of city workers walking past the Bank of England in the City of London

    By William Schomberg LONDON (Reuters) - The Bank of England (BoE) must decide over the coming week how much trouble Britain's economy is in following the shock vote to leave the European Union, and how much firepower it can throw at the problem. After the Bank of Japan (BoJ) on Friday disappointed expectations of a major …

  • Chevron posts largest quarterly loss since 2001 on weak oil prices Reuters

    Chevron Corp, the second largest U.S.-based oil producer, posted a second-quarter loss on Friday, its largest since 2001, due to the slump in crude prices and refining income. While the adjusted results …

    Chevron (CVX)'s logo is seen in Los Angeles

    Chevron Corp, the second largest U.S.-based oil producer, posted a second-quarter loss on Friday, its largest since 2001, due to the slump in crude prices and refining income. While the adjusted results beat Wall Street expectations, they highlighted the deep uncertainty facing the energy industry at a time when depressed …

  • OPEC oil output set to reach record high in July: survey Reuters

    By Alex Lawler LONDON (Reuters) - OPEC's oil output is likely in July to reach its highest in recent history, a Reuters survey found on Friday, as Iraq pumps more and Nigeria manages to export additional …

    OPEC logo is pictured at its headquarters in Vienna

    By Alex Lawler LONDON (Reuters) - OPEC's oil output is likely in July to reach its highest in recent history, a Reuters survey found on Friday, as Iraq pumps more and Nigeria manages to export additional crude despite militant attacks on oil installations. Top OPEC exporter Saudi Arabia has kept output close to a record …

  • Xerox profit beats estimates as cost cuts begin to pay off Reuters

    Printer and copier maker Xerox Corp reported a higher-than-expected quarterly profit as restructuring efforts ahead of its planned split into two companies helped cut costs. The company, which is splitting …

    Logo of Xerox company is seen on building in Minsk

    Printer and copier maker Xerox Corp reported a higher-than-expected quarterly profit as restructuring efforts ahead of its planned split into two companies helped cut costs. The company, which is splitting to separate its printer business from its business process outsourcing unit, said it slashed about 1,300 jobs globally …

  • Euro zone economic growth slows in quarter before Brexit Reuters

    By Francesco Guarascio BRUSSELS (Reuters) - Economic growth in the euro zone slowed in the second quarter as uncertainty before the British vote to leave the European Union swirled, data showed on Friday, …

    File photo of worker of German steelmaker ThyssenKrupp controling a blast furnace in Duisburg

    By Francesco Guarascio BRUSSELS (Reuters) - Economic growth in the euro zone slowed in the second quarter as uncertainty before the British vote to leave the European Union swirled, data showed on Friday, and economists said it could be a sign of future weaker growth. Gross domestic product (GDP) in the 19 countries sharing …

  • VW says regrets Washington decision to pursue $176 million fine Reuters

    Volkswagen said on Friday it regretted the Washington Department of Ecology's decision to fine it $176 million over its emissions scandal, saying the move ran counter to efforts to resolve U.S. consumer …

    A U.S. flag flutters in the wind above a Volkswagen dealership in Carlsbad, California

    Volkswagen said on Friday it regretted the Washington Department of Ecology's decision to fine it $176 million over its emissions scandal, saying the move ran counter to efforts to resolve U.S. consumer claims collectively. Volkswagen (VW) has sought a comprehensive national resolution in the United States of all environmental …

  • Panasonic to raise $3.9 billion, partly to finance Tesla plant investment Reuters

    TOKYO (Reuters) - Japan's Panasonic Corp said on Friday it would raise up to 400 billion yen ($3.86 billion) in corporate bonds, partly because it needs to bring forward its investment in a Tesla Motors …

    Panasonic's logo is seen on a wall of an electronic shop in Tokyo

    TOKYO (Reuters) - Japan's Panasonic Corp said on Friday it would raise up to 400 billion yen ($3.86 billion) in corporate bonds, partly because it needs to bring forward its investment in a Tesla Motors Inc battery factory. Panasonic plans to respond to brisk demand for the electric car maker's upcoming Model 3 …

  • Axa and China's Alibaba enter into global partnership Reuters

    PARIS (Reuters) - AXA on Friday said it had forged a global partnership with Chinese e-commerce giant Alibaba and its Ant Financial Services unit to distribute the French insurance group's products …

    A logo of Alibaba Group is pictured at its headquarters in Hangzhou

    PARIS (Reuters) - AXA on Friday said it had forged a global partnership with Chinese e-commerce giant Alibaba and its Ant Financial Services unit to distribute the French insurance group's products and expand in China. "Thanks to Alibaba’s unrivaled knowledge of its home market, this partnership will also help …

  • Big U.S. brokerages chase the rich in departure from retail roots Reuters

    By Olivia Oran and Elizabeth Dilts NEW YORK (Reuters) - Big U.S. brokerages are redefining the term "wealthy" in their pursuit of ever-richer clients to prop up margins eroded by historically low interest …

    Images and market data are displayed on new digital display signs on the exterior of the headquarters of Morgan Stanley at 1585 Broadway in New York

    By Olivia Oran and Elizabeth Dilts NEW YORK (Reuters) - Big U.S. brokerages are redefining the term "wealthy" in their pursuit of ever-richer clients to prop up margins eroded by historically low interest rates and growing regulatory burdens. Brokerages owned by Morgan Stanley, Bank of America Corp and Wells Fargo & Co …

  • Microsoft to cut 2,850 more jobs Reuters

    (Reuters) - Microsoft Corp said it would cut about 2,850 more jobs over the next 12 months, taking its total planned job cuts to up to 4,700, or about 4 percent of its workforce. The company said in May …

    A Microsoft logo is seen a day after Microsoft Corp's (MSFT.O) $26.2 billion purchase of LinkedIn Corp (LNKD.N), in Los Angeles

    (Reuters) - Microsoft Corp said it would cut about 2,850 more jobs over the next 12 months, taking its total planned job cuts to up to 4,700, or about 4 percent of its workforce. The company said in May it would cut 1,850 jobs in its smartphone business, most of them in Finland. Microsoft bought Finland-based handset maker …

  • U.S. stocks rebound, yen weakens on BOJ stimulus report Reuters

    By Herbert Lash NEW YORK (Reuters) - U.S. stocks mostly rose on Thursday in anticipation of results from tech heavyweights Alphabet and Amazon, while the yen eased after Reuters reported the Bank of Japan …

    Traders work by the post that trades Baker Hughes on the floor of the New York Stock Exchange

    By Herbert Lash NEW YORK (Reuters) - U.S. stocks mostly rose on Thursday in anticipation of results from tech heavyweights Alphabet and Amazon, while the yen eased after Reuters reported the Bank of Japan was considering expanding monetary stimulus to address signs of weak inflation. Expectations of further stimulus in …

  • Goldcorp puts Los Filos mine in Mexico on block, eyes other sales Reuters

    By Nicole Mordant VANCOUVER (Reuters) - Goldcorp Inc has put its Los Filos gold and silver mine in Mexico on the block and is also looking at selling two other non-core mines, chief executive David Garofalo …

    A mine of Canadian mining giant Goldcorp is pictured near the village of Carrizalillo

    By Nicole Mordant VANCOUVER (Reuters) - Goldcorp Inc has put its Los Filos gold and silver mine in Mexico on the block and is also looking at selling two other non-core mines, chief executive David Garofalo said on Thursday. Vancouver-based Goldcorp has started a formal sales process for the Los Filos mine, Garofalo …

  • Oil down 2 percent; July to be worst month in a year for U.S. crude Reuters

    By Barani Krishnan NEW YORK (Reuters) - Oil prices settled down nearly 2 percent on Thursday, hitting April lows and with U.S. crude headed for its biggest monthly loss in a year, on growing worries that …

    A view of an oil refinery off the coast of Singapore

    By Barani Krishnan NEW YORK (Reuters) - Oil prices settled down nearly 2 percent on Thursday, hitting April lows and with U.S. crude headed for its biggest monthly loss in a year, on growing worries that the world was pumping more crude than needed. U.S. Gulf Coast gasoline stocks hit record highs last week for the month …

  • Potash Corp cuts dividend, profit forecast again; shares fall Reuters

    Potash Corp of Saskatchewan , the world's biggest fertilizer company by capacity, cut its full-year profit forecast and dividend for the second time this year on Thursday, and said that potash markets …

    Potash Corp's head office in Saskatoon

    Potash Corp of Saskatchewan , the world's biggest fertilizer company by capacity, cut its full-year profit forecast and dividend for the second time this year on Thursday, and said that potash markets had bottomed out. "We believe the uncertainty that weighed on potash market sentiment is now lifting and a recovery is …

  • Despite dieselgate, VW becomes top-selling carmaker as Toyota slips Reuters

    TOKYO/BERLIN (Reuters) - Toyota Motor Corp reported a drop in first-half vehicle sales on Thursday following a series of production stoppages, falling behind Volkswagen which became the world's top-selling …

    The logo of German car maker Volkswagen is pictured in Hanover

    TOKYO/BERLIN (Reuters) - Toyota Motor Corp reported a drop in first-half vehicle sales on Thursday following a series of production stoppages, falling behind Volkswagen which became the world's top-selling carmaker in the first six months of 2016 despite its emissions scandal. The Japanese company, which manufactures the …

  • Nestle says to collaborate with Samsung to explore nutrition science Reuters

    Nestle said it is teaming up with Samsung in a research project to explore the potential of nutrition science and digital sensor technologies. The companies said on Thursday they are developing a new …

    The Nestle logo is pictured on the company headquarters building in Vevey

    Nestle said it is teaming up with Samsung in a research project to explore the potential of nutrition science and digital sensor technologies. The companies said on Thursday they are developing a new digital health platform to provide individuals with more personalised recommendations around nutrition, lifestyle and fitness. …