Apple starts construction of new $1 billion campus in Texas
Yesterday, 15:03
(Reuters) - Apple Inc (NASDAQ:AAPL) said on Wednesday it had started construction of a new campus in Austin, Texas, beside its existing facility where it makes the new MacBook Pro laptops. Apple Chief Executive Officer Tim Cook is set to give a tour of the Texas factory to U.S. President Donald Trump later on Wednesday. The company has come under fire from Trump because it makes most of its products in China. But Cook and Trump have developed a ..
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Stocks - Target, Lowe’s Rise Premarket; Urban Outfitters Falls
Yesterday, 14:18 - Stocks in focus in premarket trading on Wednesday: • Target Corporation (NYSE:TGT) stock surged 9.3% in premarket trade by 8:20 AM ET (13:20 GMT) after the company raised its full-year profit forecast and beat third-quarter forecasts. • Urban Outfitters Inc (NASDAQ:URBN)stock tanked 14.7% after missing third-quarter profit and sales forecasts, with the brand name posting flat same-store sales growth. • Lowe’s ..
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BMW in talks with workers about efficiency measures
Yesterday, 14:15
FRANKFURT (Reuters) - BMW (DE:BMWG) is in talks with labor representatives and its top suppliers as it seeks to achieve cost savings of more than 12 billion euros ($13.26 bln) by 2022, Chief Financial Officer Nicolas Peter told analysts on Wednesday. "We are currently discussing additional measures with the Works Council. All parties are working very constructively to make the company even stronger and more efficient," Peter said. "The results ..
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Roughly $400 million of Ripple tokens tied to illegal activity: Elliptic
Yesterday, 14:12
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - About $400 million of XRP tokens, the currency for the Ripple payment network, is tied to illegal transactions, according to findings released on Wednesday by London-based Elliptic, a provider of risk management systems for the cryptocurrency industry. The $400 million is equivalent to about 30% of XRP's market capitalization of around $1.35 billion, based on numbers provided by ..
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Stock futures fall as Hong Kong bill escalates U.S.-China tensions
Yesterday, 14:09
By Arjun Panchadar (Reuters) - U.S. stock index futures fell on Wednesday as escalating political tensions between Washington and Beijing sparked fears that the two sides would fail to reach a trade agreement soon. Beijing on Wednesday condemned U.S. legislation aimed at protecting human rights in Hong Kong amid prolonged anti-government protests, adding to jitters from a threat by President Donald Trump to raise tariffs on Chinese imports if a ..
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South Africa investigates possible IP theft from defense firm Denel
Yesterday, 14:06
JOHANNESBURG (Reuters) - South Africa is investigating the alleged misappropriation of intellectual property rights belonging to state defense firm Denel, the Special Investigating Unit (SIU) confirmed on Wednesday. The IP relates to air-to-air missiles, stand-off weapons, surface target missiles, air defense and unmanned aerial vehicle systems, the SIU told Reuters. "The focus area for the investigation in question is unlawful, irregular or ..
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Saudi Aramco to meet investors in Dubai and Abu Dhabi: sources
Yesterday, 14:03
By Marwa Rashad and Stanley Carvalho RIYADH/ABU DHABI (Reuters) - Saudi Aramco plans meetings with investors in Dubai next week, sources said, in which it is seeking to raise up to $25.6 billion in the world's biggest share sale. The state oil giant and its advisors are hosting meetings at Dubai's Ritz Carlton Hotel at the Dubai International Financial Centre on Nov. 24, said an investor who has seen the invitation. Aramco also plans ..
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Stocks - U.S. Futures Fall as Trump Reiterates China Tariff Threats 
Yesterday, 13:27 - U.S. futures tumbled on Wednesday after President Donald Trump repeated threats to increase tariffs against China if the two sides do not reach a trade deal soon. “If we don’t make a deal with China, I’ll just raise the tariffs even higher,” Trump told reporters on Tuesday. His comments spooked investors, who have been sensitive to trade developments. Beijing and Washington are working on a “phase ..
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Zalando defends system of ranking staff like online products
Yesterday, 13:24
BERLIN (Reuters) - Zalando, Europe's biggest online-only fashion retailer, has rejected accusations that a performance management tool that asks employees to give feedback on each other and ranks them accordingly increases stress and infringes privacy. In a study published on Wednesday, the Hans Boeckler Foundation, a research body close to the German trade union federation, said Zalando's Zonar software had damaged the working ..
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Prosus criticizes rival Takeaway bid for Britain's Just Eat
Yesterday, 13:21
AMSTERDAM (Reuters) - Technology company Prosus on Wednesday criticized rival suitor's bid for British food delivery service Just Eat, saying it presents "significant risks" for shareholders. Prosus's broadsides against Takeaway come after a two-week period in which Takeaway's share price has rallied to a point where its all-share offer for Just Eat is nearly level in value to that of Prosus's 4.9 billion pound ..
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Latest News

Oil dips on worries U.S.-China trade deal could slip to next year
Today, 02:09
By Koustav Samanta SINGAPORE (Reuters) - Oil prices retreated on Thursday as a spat over Hong Kong added to worries of a delay in any U.S.-China trade deal, after posting steep gains in the previous session on bullish U.S. crude inventory data. The trade war between the world's two biggest economies has dominated the outlook for future oil demand, and trade experts have warned the completion of a "phase one" U.S.-China trade deal could slip ..
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Google to let sites block personalized ads under California privacy law
Today, 02:06
By Paresh Dave SAN FRANCISCO (Reuters) - Websites and apps using Google's advertising tools will be able to block personalized ads to internet users in California and elsewhere as part of the Alphabet (NASDAQ:GOOGL) Inc unit's effort to help them comply with the state's new privacy law, it told clients this week. The California Consumer Privacy Act (CCPA), which goes into effect on Jan. 1, requires large businesses to let ..
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Apple supplier Japan Display says executive embezzled $5.25 million
Today, 02:03
TOKYO (Reuters) - Japan Display Inc said on Thursday it dismissed an accounting executive last year for embezzling about $5.3 million over four years since the Apple Inc (NASDAQ:AAPL) supplier went public in 2014. JDI said in a statement it had filed a criminal complaint against the former employee and that it was cooperating with police. The embezzlement was first reported by the Asahi newspaper on Thursday. The employee had defrauded the ..
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Asian shares slide as Sino-U.S. spat on Hong Kong clouds trade deal outlook
Today, 01:15
By Hideyuki Sano TOKYO (Reuters) - Global shares slid on Thursday as a fresh row between Washington and Beijing over U.S. bills on Hong Kong could complicate their trade negotiation and delay a "phase one" deal that investors had initially hoped to be inked by now. MSCI's broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) fell 0.16% while Japan's Nikkei (N225) dropped 0.25%. U.S. S&P500 futures (ESc1) dropped 0.2% in ..
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Alibaba to pay banks up to $32.3 million in fees for Hong Kong listing
Today, 01:12
By Scott Murdoch (Reuters) - China's Alibaba (N:BABA) will pay its investment banking syndicate up to $32.3 million for leading its Hong Kong listing which will raise up to $12.9 billion, according to documents filed with U.S. securities regulators. The e-commerce giant employed two co-sponsors, China International Capital Corp (CICC) and Credit Suisse (S:CSGN), to head the deal which has been carried out over the past week. The two lead ..
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Can he 'ride it out'? Pompeo future uncertain after impeachment testimony
Today, 01:09
By Jonathan Landay and Matt Spetalnick WASHINGTON (Reuters) - Testimony on Wednesday that U.S. Secretary of State Mike Pompeo played a more central role than previously known in President Donald Trump’s Ukraine dealings has fueled uncertainty within the administration about the top diplomat's future. Gordon Sondland, the U.S. ambassador to the European Union and a key figure in the Democratic-led impeachment inquiry against Trump, depicted ..
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Yen rises, yuan falls as U.S.-China trade deal this year looks unlikely
Today, 01:06
By Stanley White TOKYO (Reuters) - The yen rose against the dollar on Thursday after sources close to the White House told Reuters that a U.S.-China trade deal is unlikely this year, which spurred demand for safe-haven assets. The yuan eased toward a two-week low in offshore trade as failure to reach a deal to roll back U.S. tariffs would cause a further slowdown in China's economy and complicate efforts to keep growth on track. Some ..
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Fed holds off on permanent lending tool as policymakers mull details
Today, 01:03
By Matt Scuffham and Jonnelle Marte NEW YORK (Reuters) - The Federal Reserve will hold off deciding whether to introduce a permanent lending facility aimed at staving off the money market ructions seen earlier this fall even as a growing number of policymakers warm to the idea, several sources told Reuters. Concerns ranging from how to fine tune such a facility to whether the temporary solution the Fed installed several weeks ago is sufficient ..
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Google changes election ads policy to limit targeting
Today, 00:30
By Elizabeth Culliford (Reuters) - Alphabet Inc's (O:GOOGL) Google will stop giving advertisers the ability to target election ads using data such as public voter records and general political affiliations, the company said in a blog post on Wednesday. The move comes at a time when social media platforms are under pressure over their handling of political advertising ahead of the U.S. presidential election in 2020. Social media giant ..
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Ukraine officials knew about hold on aid earlier than reported
Today, 00:27
WASHINGTON (Reuters) - A senior U.S. Department of Defense official testified on Wednesday that Ukrainian officials knew President Donald Trump's administration was withholding military assistance in July, undercutting a key Republican defense of the president's actions in the impeachment inquiry. Deputy Assistant Secretary of Defense Laura Cooper testified at a hearing in the impeachment inquiry into Trump that has largely focused on ..
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