Business

LONDON (Reuters) – New economic forecasts from the European Commission and services PMIs will help clarify the outlook for the euro zone economy after third-quarter growth disappointed, while mid-term elections and a Federal Reserve meeting top the U.S. agenda. The European Union’s executive will publish its quarterly economic forecasts on Thursday for the 28 EU
0 Comments
(Reuters) – The oil market’s two-year bull run is running into one of its biggest tests in months, facing a tidal wave of supply and growing worries about economic weakness sapping demand worldwide. FILE PHOTO: A drilling crew uses a mechanical roughneck machine to thread drill pipe together on an oil rig in the Permian
0 Comments
NEW YORK (Reuters) – Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said its quarterly operating profit nearly doubled as its insurance business dodged hurricanes and benefited from lower taxes. FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend
0 Comments
SAN FRANCISCO (Reuters) – U.S. President Donald Trump has warned that his favorite measure of success, the stock market, is imperiled if voters favor Democrats in next week’s congressional elections. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 1, 2018. REUTERS/Brendan McDermid While not fully accurate
0 Comments
LONDON (Reuters) – Nearly 40 years after the 1979 Islamic revolution saw the exit of Western oil companies from Iran, the Iranian oil sector faces yet another costly disruption after a series of interruptions from war, sanctions and diplomatic isolation. FILE PHOTO: Malta-flagged Iranian crude oil supertanker “Delvar” is seen anchored off Singapore March 1,
0 Comments
WASHINGTON (Reuters) – Anglo-French oil company Perenco and Russian financial firm Gazprombank have been identified in testimony by a former Venezuelan state oil company official who said he received millions of dollars in bribes in return for giving them preferential treatment, a source with knowledge of the matter said on Thursday. The corporate logo of
0 Comments
DUBLIN/NEW YORK (Reuters) – Over 1,000 Google employees and contractors in Asia, Europe and the United States staged brief midday walk-outs on Thursday, with more expected to follow at California headquarters, amid complaints of sexism, racism and unchecked executive power in their workplace. Hundreds of women and men filed out of Google’s office in New
0 Comments
PARIS (Reuters) – European planemaker Airbus softened its key target for jet deliveries on Wednesday and warned that reaching it would be a “greater stretch” after a sequence of industrial problems. An Airbus A321neo during the 52nd Paris Air Show at Le Bourget airport near Paris, France, June 21, 2017. REUTERS/Pascal Rossignol The cautious tone
0 Comments
The logo of the Ford Motor Company is seen outside a car dealership in Cape Town, South Africa, October 18, 2017. REUTERS/Mike Hutchings BEIJING/SHANGHAI (Reuters) – Ford Motor Co and Baidu Inc launched a two-year project on Wednesday to test self-driving vehicles on Chinese roads, amid a global race by carmakers and internet firms to
0 Comments
SAN FRANCISCO (Reuters) – Facebook (FB.O), Amazon.com (AMZN.O), Netflix (NFLX.O) and Google-parent Alphabet (GOOGL.O) were at the center of a volatile session on the U.S. stock market on Monday, cleaving $200 billion off of the so-called FANG group’s combined market capitalization in two sessions. FILE PHOTO: Facebook, Amazon, Netflix and Google logos are seen in
0 Comments
SINGAPORE (Reuters) – Oil prices dipped on Monday amid cautious sentiment as a plunge in financial markets last week and dollar strength early this week underscored concerns that growth may be slowing, especially in Asia’s emerging economies. Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22,
0 Comments
FILE PHOTO: A Ryanair airplane taxis past two parked aircraft at Weeze Airport, near the German-Dutch border, during a strike of Ryanair airline crews in Weeze, Germany, September 12, 2018. REUTERS/Wolfgang Rattay/File Photo DUBLIN (Reuters) – Britain’s Local Authority Pension Fund Forum, which represents funds that owned a combined 1 percent of Ryanair, on Sunday
0 Comments
BEIJING/CHICAGO/CARAMBEI, Brazil (Reuters) – Ken Maschhoff, chairman of the largest U.S. family-owned pork producer, has watched profits fall as trade tensions rise between the United States and China. Pigs are seen standing in a pen at a farm in Carambei, Brazil September 6, 2018. Picture taken September 6, 2018. REUTERS/Rodolfo Buhrer His company, The Machhoffs,
0 Comments
(Reuters) – Shares of Amazon.com Inc (AMZN.O) dropped by the most in four years on Friday after its outlook for holiday season sales missed targets, fanning concerns that Wall Street’s tech darlings are finally starting to face stronger competition. FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France,
0 Comments