By Aaron Sheldrick TOKYO (Reuters) - Oil prices held gains on Friday on data showing U.S. stockpiles rose for a seventh straight week but at a pace that was well below expectations, and news of oil being sold out of storage in Southeast Asia. U.S. West Texas Intermediate was unchanged at $54.45 a
SEOUL (Reuters) - Two senior Samsung Group [SAGR.UL] executives have offered to resign to take responsibility for the conglomerate's involvement in the graft scandal involving South Korean President Park Geun-hye, Yonhap news agency said on Friday, without citing sources. The report said Vice Chairman
TOKYO — Asian markets slipped in muted trading Friday amid worries over U.S. trade policies that may affect regional economies. A stronger yen weighed on Japan's exporters.
Recon Holding said Thursday it is taking a 51 per cent stake in Millennium for $100 million. The company, based in Yixing near Shanghai, is controlled by Tony Xia, who was a little-known businessman until last year, when he bought struggling English soccer club Aston Villa with ambitious plans to turn
By Cate Cadell BEIJING (Reuters) - Baidu Inc's revenue fell for a second straight quarter, hurt by a government crackdown on healthcare advertising, but the internet search giant expects a rebound this year as it retools to find growth outside its core ad business. The company has stumbled over
The dollar clawed back some ground on Friday after skidding to a two-week low against the yen, but was still on track for weekly losses after the Federal Reserve meeting minutes disappointed dollar bulls.
Toshiba Corp said on Friday it is looking to sell a majority stake in its prized flash memory chip business to plug a hole in its finances from a $6.3 billion writedown of its U.S. nuclear unit. Toshiba will outline terms of the sale by the end of February, conduct a first round of bids in March and
By Hideyuki Sano TOKYO (Reuters) - Asian shares took a breather on Friday, slipping from 1-1/2-year highs as material shares were hit by sudden falls in copper and other commodity prices while investors assessed Washington's stance on tax and currency policies. U.S. President Donald Trump called
Tech giant Samsung Electronics Co Ltd said on Friday it will strengthen controls for financial support made to third-parties, after its vice chairman was arrested in a graft scandal that could topple South Korea's president. Samsung said it would now require financial payments of 1 billion won (
By Mark Tay SINGAPORE (Reuters) - Traders are selling oil held in tankers anchored off Malaysia, Singapore and Indonesia in a sign that the production cut led by OPEC is starting to have the desired effect of drawing down bloated inventories. The Organization of the Petroleum Exporting Countries (OPEC
A Google employee wasn't supposed to receive an email titled "OTTO FILES." Yet, the accidental...
Most oil and gas firms in Canada's oil-rich Alberta, which cut costs following the crude crash in 2014, are looking to run even leaner, according to the author of a report from professional services firm EY released on Thursday. The report was based on a survey of a representative sample of 72 oil
By Christine Murray and Michael O'Boyle MEXICO CITY (Reuters) - Mexico is increasingly confident that U.S. President Donald Trump will not be able to impose harsh barriers on imports anytime soon, and officials signaled they may hit their northern neighbor's most trade-sensitive districts in
By Allison Lampert and Jessica DiNapoli MONTREAL/NEW YORK (Reuters) - Canada's Gildan Activewear Inc plans to keep making key styles from its recently acquired American Apparel brand in the United States but will also manufacture some products elsewhere, a company spokesman said on Thursday. In
Several friends of Garth Drabinsky including a retired judge testified Thursday on his behalf, asking Ontario's securities regulator to show leniency to the disgraced theatre impresario for his role in the Livent Entertainment fraud nearly two decades ago. "As a judge, I was always a merciful
India has rejected a long-standing exemption on pest treatment for peas and lentils in a blow to Canada's top export market for the crops. Federal Agriculture Minister spokesman Guy Gallant confirmed the Indian government has not granted another six-month exemption that would have crops fumigated
A new piece of malware called 'Font Wasn't Found' attempts to fool users into downloading it by appearing to be a missing font installation. The malware is been seen from Windows Google Chrome users.
Although tech leaders like Tesla's Elon Musk and Bill Gates have warned about job automation, a recent report shows people are not concerned about losing employment.
CALGARY — Alberta's energy regulator has set new rules to deal with long-standing complaints about powerful, gassy smells from heavy oil operations in the Peace River region.
Some shippers on an Enbridge Inc crude pipeline shuttered for three weeks have been scrambling to find oil condensate after the company said the pipeline in Canada's Alberta will be out of action for three weeks. The outage, which came after the Line 2A pipe between Edmonton, Alberta, and Cromer
The Federal Communications Commission voted Thursday to exempt internet service providers with fewer than 250,000 subscribers from transparency rules that require disclosure of fees and data cap rules.
By Alexandria Sage SAN FRANCISCO (Reuters) - Alphabet's Waymo self-driving car unit sued Uber Technologies [UBER.UL] and its autonomous trucking subsidiary Otto in federal court on Thursday over allegations of theft of its confidential and proprietary sensor technology. Waymo accused Uber and
The Ontario government's recent move to boost rebates for electric vehicles is under fire, amid revelations that a senior Liberal staffer has been hired by electric car-maker Tesla. Ian Myrans left his post as director of policy to Environment and Climate Change Minister Glen Murray and joined Tesla