China does not want to see escalation in Sino-U.S. trade tension
BEIJING (Reuters) – China does not want to see escalation in Sino-U.S. trade tensions, its commerce ministry said on Thursday, expressing hope that the two sides could minimize conflict during talks being held in the United States.
Japan plans retaliatory tariffs against United States: NHK
TOKYO (Reuters) – Japan is considering slapping tariffs on U.S. exports worth $409 million in retaliation against steel and aluminum import tariffs imposed by President Donald Trump, public broadcaster NHK said on Thursday.
Shares of Tencent open 7 percent higher after first quarter profit beats
HONG KONG (Reuters) – Shares of Tencent Holdings Ltd opened up 7 percent in Hong Kong on Thursday after it reported better-than-expected first-quarter results.
Asian shares steady; euro hampered by Italian political risk
SINGAPORE (Reuters) – Asian shares held steady on Thursday, while the euro struggled near five-month lows set a day earlier following a report that Italian populist parties trying to form a coalition could ask the European Central Bank to forgive 250 b…
Big proxy adviser ISS does not support Facebook’s Zuckerberg in proxy vote
BOSTON (Reuters) – Top proxy adviser Institutional Shareholder Services on Wednesday recommended Facebook Inc investors withhold support from five directors including Chief Executive Mark Zuckerberg and vote in favor of shareholder proposals aimed at i…
George Soros’ bet on Tesla could see other investors follow suit
NEW YORK (Reuters) – If Tesla Inc Chief Executive Elon Musk needs to raise even more money, there may be a way.
Cisco’s tepid forecast clouds quarterly beat, shares fall
(Reuters) – Network gear maker Cisco Systems Inc reported third-quarter profit and revenue that topped analysts’ estimates on Wednesday, but shares fell 4 percent after dour current-quarter forecasts indicated that the transition to a software-focused…
Walgreen, Kroger, Albertsons, HEB sue Allergan over dry-eye drug
NEW YORK (Reuters) – Allergan Inc was sued on Wednesday by four large U.S. retailers that accused the drugmaker of antitrust violations for trying to stop rivals from selling generic versions of Restasis, its medication to treat dry-eye disease.
Wall St. gains as small-cap Russell 2000 hits record
(Reuters) – Retail and technology stocks led Wall Street higher on Wednesday and the small-cap Russell 2000 hit a record peak, even as a rise in U.S. bond yields to an almost seven-year high suggested more competition for equities and investors fretted…
Ford resuming production of lucrative F-150 trucks on Friday
DETROIT (Reuters) – Ford Motor Co said on Wednesday that production of its popular and highly profitable F-150 pickup trucks would resume on Friday at its Dearborn, Michigan, plant, which had been closed for more than a week because of parts shortages…
