BOJ’s Kuroda says Fed rate hikes good for global economy
Bank of Japan Governor Haruhiko Kuroda said on Saturday steady interest rate hikes by the Federal Reserve were “basically good” for the world economy, shrugging off concerns that higher U.S. rates could hurt Asian economies by triggering capital outflo…
Bundesbank chief sees reducing chance that U.S.-China will escalate trade conflict
There is a diminishing chance for the escalation of the trade conflict between the world’s two biggest economies, China and the United States, the president of Germany’s central bank said on Saturday.
China views yuan depreciation not in its interest: Mnuchin
U.S. Treasury Secretary Steven Mnuchin on Saturday said Chinese officials told him this week that a further depreciation of China’s yuan currency was not in the country’s interest.
Facebook now says data breach affected 29 million users, details impact
Cyber attackers stole data from 29 million Facebook accounts using an automated program that moved from one friend to the next, Facebook Inc announced on Friday, as the social media company said its largest-ever data theft hit fewer than the 50 millio…
Walmart acquires online lingerie retailer Bare Necessities
Walmart Inc said on Friday it has acquired online lingerie retailer Bare Necessities for an undisclosed amount, its second apparel-focused acquisition in less than two weeks as it seeks deeper inroads into the online fashion space.
Wall St. rebounds with technology stocks leading the way
The U.S. benchmark S&P 500 stock index snapped a six-day losing streak on Friday as technology stocks recovered after a week of losses, with investors looking for bargains ahead of the third quarter earnings reporting season.
Global stocks rebound but S&P 500 posts biggest weekly loss since March
Stock markets worldwide rebounded on Friday after a multi-day sell-off but still registered their biggest weekly losses in months, while U.S. Treasury yields rose and the dollar held its gains.
Broadcom gets EU antitrust nod for CA Technologies deal
Chipmaker Broadcom Inc said on Friday it has obtained antitrust clearance from the European Union for its $19-billion deal to acquire software company CA Technologies Inc.
Facebook trims data breach to 29 million users as FBI probes
Cyber attackers stole data from 29 million Facebook accounts using an automated program that moved from one friend to the next, Facebook Inc said on Friday, as the social media company said its largest-ever data theft hit fewer than the 50 million pro…
Google tells U.S. lawmakers it is mulling options on China services
Alphabet Inc’s Google unit has told U.S. lawmakers it was considering “a variety of options” to offer additional services in China, but declined to detail plans for addressing Chinese censorship.
