Snail cream, smelly fruit: Thai cosmetics, food firms tap into Chinese tourism boom
BANGKOK (Reuters) – The label on the pink and white box of face cream sold in a Bangkok hypermarket proudly declares that it is based on a “snail secretion filtrate moisture system”. The Snail White branding – plus some positive internet reviews – is …
China denies it offered package to slash U.S. trade gap by $200 billion
BEIJING (Reuters) – China denied on Friday that it had offered a package to slash the U.S. trade deficit by up to $200 billion, hours after it dropped an anti-dumping probe into U.S. sorghum imports in a conciliatory gesture as top officials meet in Wa…
Elon Musk brings high-tech charm offensive to Los Angeles tunnel plan
LOS ANGELES (Reuters) – Billionaire entrepreneur Elon Musk promised a cheering crowd on Thursday that his controversial dream of burrowing a high-speed network of “personalized mass transit” tunnels under Los Angeles could be achieved without disturban…
Oil prices firm on OPEC cuts, strong demand and looming Iran sanctions
SINGAPORE (Reuters) – Oil prices held firm on Friday on strong demand, ongoing supply cuts led by producer cartel OPEC and looming U.S. sanctions against major crude exporter Iran.
Cambridge Analytica files for Chapter 7 bankruptcy
(Reuters) – Cambridge Analytica, the firm at the center of this year’s Facebook privacy row, filed for voluntary Chapter 7 bankruptcy in a New York court late on Thursday.
Asia stocks steady as markets eye U.S.-China trade talks, dollar elevated
TOKYO (Reuters) – Asian stocks were steady on Friday amid caution over developments in U.S.-China trade negotiations, while the dollar perched near a five-month peak after the benchmark U.S. Treasury yield hit its highest in seven years.
Private equity firms bet on stock market’s fixer-uppers
NEW YORK (Reuters) – Private equity firms, armed with a record $1 trillion in cash, are investing more in public companies than at any time since the financial crisis, buying those left behind in Wall Street’s nine-year bull market.
U.S. bank stock gains may stall after two-year rally
(Reuters) – After two years of sharp gains for U.S. bank stocks, investors betting on another big boost for 2018 may be disappointed unless loan growth accelerates or regulations slacken considerably.
Uber chief product officer to leave in latest executive departure
(Reuters) – Uber Technologies Inc [UBER.UL] Chief Product Officer Jeff Holden is leaving the ride-hailing company, an Uber spokesman told Reuters on Thursday, the latest of more than a dozen senior executives to depart since last year.
China halts U.S. sorghum dumping probe amid signs of trade thaw
BEIJING/WASHINGTON (Reuters) – China said on Friday it was dropping an anti-dumping probe into imports of U.S. sorghum, a conciliatory gesture as top officials meet in Washington in an effort to head off a trade war between the world’s two biggest econ…
