World + Economy

Foreign currency banknotes are placed on a basket for counting during a photo opportunity at the bank's headquarters in Seoul

Desperately seeking signs of inflation

Reuters - Now markets have delivered their verdict on inflation - it's not picking up any time soon - economic data due next week will show whether price pressures are rising meaningfully or falling back in so…

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  • Foreign currency banknotes are placed on a basket for counting during a photo opportunity at the bank's headquarters in Seoul
    Desperately seeking signs of inflation Reuters - 41 minutes ago

    Now markets have delivered their verdict on inflation - it's not picking up any time soon - economic data due next week will show whether price pressures are rising meaningfully or falling back in some …

    Foreign currency banknotes are placed on a basket for counting during a photo opportunity at the bank's headquarters in Seoul

    Now markets have delivered their verdict on inflation - it's not picking up any time soon - economic data due next week will show whether price pressures are rising meaningfully or falling back in some of the world's major economies. A global rout in stock markets, currencies, commodities and bond yields has so far defined …

  • Printer maker Lexmark wins patent case against cartridge reseller Reuters - 51 minutes ago

    NEW YORK (Reuters) - A printer cartridge reseller infringed the patent rights of Lexmark International Inc when it imported back into the United States Lexmark's toner products first sold abroad, a …

    A touch screen menu is displayed on a Lexmark Platinum Pro905 printer during "CES Unveiled" in Las Vegas

    NEW YORK (Reuters) - A printer cartridge reseller infringed the patent rights of Lexmark International Inc when it imported back into the United States Lexmark's toner products first sold abroad, a U.S. appeals court ruled on Friday. In a victory that reinforces U.S. patent owners' ability to control the use of …

  • Russian billionaire Fridman makes $200 million investment in Uber Reuters - 2 hours 10 minutes ago

    Russian billionaire Mikhail Fridman's LetterOne investment vehicle said on Friday it had made a $200 million investment in U.S. ride-hailing service provider Uber Technologies Inc [UBER.UL]. "We believe …

    Photo illustration of Nokia Maps on a smartphone in front of a displayed logo of Uber in Zenica

    Russian billionaire Mikhail Fridman's LetterOne investment vehicle said on Friday it had made a $200 million investment in U.S. ride-hailing service provider Uber Technologies Inc [UBER.UL]. "We believe that Uber's highly talented management team possesses the necessary vision and skills to build the company into one of …

  • Dollar, global stocks nudge higher as selloff subsides Reuters - 2 hours 24 minutes ago

    By Marc Jones LONDON (Reuters) - Relative calm returned to world markets on Friday after a week that gave dollar/yen its biggest smashing since 2008, wiped billions off share prices and saw a stampede …

    Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt

    By Marc Jones LONDON (Reuters) - Relative calm returned to world markets on Friday after a week that gave dollar/yen its biggest smashing since 2008, wiped billions off share prices and saw a stampede into top-rated government bonds and gold. Japan's Nikkei <.N225>, which was closed for a public holiday during Thursday's …

  • Airbus A320neo's engine problems to be solved by April: Pratt CEO Reuters - 4 hours ago

    Any technical problems with the engines of Airbus's A320neo jetliner should be solved in the coming weeks, the head of engine manufacturer Pratt & Whitney said. "By April, most of that will be solved," …

    The Airbus A320neo takes off during its first flight event in Colomiers near Toulouse, southwestern France

    Any technical problems with the engines of Airbus's A320neo jetliner should be solved in the coming weeks, the head of engine manufacturer Pratt & Whitney said. "By April, most of that will be solved," Robert Leduc said at a ceremony at which German flagship carrier Lufthansa took delivery of the first A320neo. Lufthansa …

  • Amazon acquires Italy-based software firm Reuters - 6 hours ago

    (Reuters) - Amazon Web Services, the cloud computing arm of Amazon.com Inc , said it has acquired NICE, a software developer for technical computing. The company said it has signed an agreement with NICE, …

    Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City

    (Reuters) - Amazon Web Services, the cloud computing arm of Amazon.com Inc , said it has acquired NICE, a software developer for technical computing. The company said it has signed an agreement with NICE, which is also a cloud computing firm, and expects the deal to close in the first quarter of 2016. (http://amzn.to/1QZt7NP) …

  • Yen on track for strongest week since late 2008, Japan steps up rhetoric Reuters - 7 hours ago

    Japanese officials stepped up their attempts to talk the yen down, with Finance Minister Taro Aso hoping that the G20 finance leaders gathering in Shanghai later this month will consider a global policy …

    Chinese 100 yuan banknotes and a U.S. one dollar banknote are seen in this picture illustration in Beijing, China

    Japanese officials stepped up their attempts to talk the yen down, with Finance Minister Taro Aso hoping that the G20 finance leaders gathering in Shanghai later this month will consider a global policy response to the recent market turmoil. Major central banks including the European Central Bank, the Bank of Japan and …

  • Burberry faces U.S. lawsuit accusing it of deceptive price tags Reuters - 7 hours ago

    LONDON (Reuters) - British luxury fashion brand Burberry is to face a class action lawsuit in the United States, claiming it used misleading price tags at its outlets stores to fool shoppers into believing …

    Visitors on an open-top tour bus drive past a Burberry store in central London

    LONDON (Reuters) - British luxury fashion brand Burberry is to face a class action lawsuit in the United States, claiming it used misleading price tags at its outlets stores to fool shoppers into believing they were getting big bargains. The company, which specifically manufactures some of the products for its outlet stores, …

  • Elon Musk's vision is not for the faint of heart Reuters - 14 hours ago

    Leave it to Elon Musk to make a company's stock jump nearly 5 percent a day after reporting widening losses - all in the middle of a market selloff. Musk's electric vehicle startup, Tesla Motors Inc, …

    File photo of Tesla Motors CEO Elon Musk revealing a Tesla Energy battery for businesses and utility companies during an event in Hawthorne, California

    Leave it to Elon Musk to make a company's stock jump nearly 5 percent a day after reporting widening losses - all in the middle of a market selloff. Musk's electric vehicle startup, Tesla Motors Inc, on Wednesday posted its eleventh straight quarterly loss, when analysts had expected a profit. Tesla also said it planned …

  • Argentina seeks debt injunction's lifting after settlement offer Reuters - 16 hours ago

    A U.S. judge on Thursday ordered creditors suing Argentina over defaulted bonds to establish why an order that restricted it from servicing its restructured debts should not be vacated after the country's …

    Argentina's Finance Secretary Luis Caputo exits after meetings at the office of a court-appointed mediator with U.S. holdout creditors in New York

    A U.S. judge on Thursday ordered creditors suing Argentina over defaulted bonds to establish why an order that restricted it from servicing its restructured debts should not be vacated after the country's $6.5 billion offer to settle the dispute. U.S. District Judge Thomas Griesa in Manhattan gave bondholders until Feb. …