Asian shares edge down as U.S. yields climb, North Korea suspends talks
SHANGHAI/TOKYO (Reuters) – Asian stock markets dipped on Wednesday after Pyongyang abruptly called off talks with Seoul, throwing a U.S.-North Korean summit into doubt, while surging bond yields revived worries about faster U.S. interest rate hikes tha…
Novartis ditches lawyer as head rolls over Trump lawyer deal
ZURICH (Reuters) – Novartis General Counsel Felix Ehrat will leave the Swiss drugmaker over his role in a $1.2 million contract it struck with the lawyer for U.S. President Donald Trump, saying on Wednesday the pact was legal but an error.
Amazon cuts Whole Foods prices for Prime members in new grocery showdown
(Reuters) – Amazon.com Inc and Whole Foods Market are making a surgical strike in the already brutal grocery price war.
Asian shares fall as North Korea suspends talks, U.S. yields climb
SHANGHAI/TOKYO (Reuters) – Asian stock markets dipped on Wednesday after Pyongyang abruptly called off talks with Seoul, throwing a U.S.-North Korean summit into doubt, while surging bond yields revived worries about faster U.S. interest rate hikes tha…
Starbucks says aims to triple China revenue by 2022
SHANGHAI (Reuters) – Starbucks Corp is looking to more than triple its revenue and almost double its store count in China over the next five years, doubling down on the market as traffic growth comes under pressure in the United States.
Brazilian prosecutors charge JBS shareholder with corruption – source
BRASILIA (Reuters) – Brazilian federal prosecutors presented charges against Joesley Batista, a major shareholder in meatpacker JBS SA , another senior executive and a former federal prosecutor accusing them of corruption, money laundering and obstruct…
Asian shares lower as North Korea suspends talks, U.S. yields shoot higher
SHANGHAI (Reuters) – Asian markets fell in early trade on Wednesday after Pyongyang called off talks with Seoul, throwing a major U.S.-North Korean summit into question, and a spike in the U.S. 10-year Treasury yield to a seven-year high knocked sentim…
Highlights: Hedge funds chomped on FAANGs during first quarter tech turmoil
(Reuters) – The following are some hot stocks including the so-called FAANG technology stocks – Facebook Inc , Amazon.com , Apple Inc , Netflix Inc and Google parent Alphabet Inc – as well as other companies in which hedge fund managers either took n…
Meet Tesla’s new bondholder: Billionaire George Soros
NEW YORK (Reuters) – The investment firm founded and chaired by billionaire George Soros took a stake in Tesla Inc bonds during the first three months of the year, giving the electric carmaker run by Elon Musk a prominent supporter.
How Rusal escaped the noose of U.S. sanctions
LONDON/PARIS/WASHINGTON (Reuters) – They were supposed to be the toughest sanctions the United States had ever imposed on a Russian oligarch. Seventeen days later, Washington watered them down.
