Asian shares slip on tech rout, focus shifts to BOJ
Asian share markets weakened on Tuesday, taking cues from the rout in global technology shares while the yen edged higher ahead of the Bank of Japan’s rate review, at which it could flag a shift away from its massive monetary stimulus.
BOJ to mull ways to make stimulus sustainable amid weak inflation
The Bank of Japan will likely trim its inflation forecasts on Tuesday and consider changes to its massive stimulus program to make it more sustainable, reflecting a growing recognition it will take longer than expected to meet its elusive price goal.
Samsung Electronics profit growth slows despite stellar chip sales
Samsung Electronics Co Ltd posted its slowest quarterly profit growth in more than a year on Tuesday as the sluggish global smartphone market weighed on earnings, although the chip business continued to perform well.
Samsung Electronics second-quarter profit up 5.7 percent on-year, buoyed by chips
Samsung Electronics Co Ltd posted a 5.7 percent rise in second-quarter profit on Tuesday as strong sales of semiconductors helped the South Korean tech giant defy sluggish growth in the smartphone market.
Chipotle shuts Ohio restaurant after reports of illness
Chipotle Mexican Grill Inc has shut a restaurant in Ohio following reports of customers falling sick after eating there, the burrito chain said on Monday.
Uber to stop developing self-driving trucks
Uber [UBER.UL] will stop developing self-driving trucks that have been hauling cargo on U.S. highways, the ride-hailing company said on Monday, seeking to focus its autonomous-vehicle technology solely on cars.
CBS CEO Moonves survives board meeting amid misconduct probe
CBS Corp’s board left Chief Executive Leslie Moonves in his post on Monday as it discussed sexual harassment claims against him and took steps to select an outside counsel to lead an independent investigation into the matter, the company said in a sta…
Widespread tech sell-off drags Wall St. down
A broad sell-off of technology stocks pushed the three major U.S. stock indexes lower on Monday, with the Nasdaq Composite posting its third consecutive loss of more than 1 percent for the first time in three years just days after hitting a record high…
U.S. seeks to end criminal fraud case against bond trader Litvak
U.S. prosecutors on Monday moved to dismiss their criminal fraud case accusing former trader Jesse Litvak of lying to customers about bond prices, after two convictions of the former Jefferies managing director were overturned on appeal.
Wall St. ends lower; Nasdaq leads the decline
A broad sell-off of technology stocks pushed all three major U.S. stock indexes lower on Monday, with the Nasdaq Composite posting its third consecutive loss of more than 1 percent for the first time in three years just days after hitting a record high…
