Verizon first-quarter results beat estimates
(Reuters) – Verizon Communications Inc reported better-than-expected first-quarter results on Tuesday as the No. 1 U.S. wireless carrier lost fewer monthly phone subscribers than feared, and the company’s chief financial officer said it was continuing…
Google helps stock markets recover, oil tops $75
LONDON (Reuters) – World stocks steadied on Tuesday after three sessions of losses thanks to strong earnings from the likes of Google and as a rise in benchmark U.S. bond yields towards 3 percent stalled, while oil prices stretched to fresh highs above…
World wine output falls to 60-year low
PARIS (Reuters) – Global wine output fell to its lowest level in 60 years in 2017 due to poor weather conditions in the European Union that slashed production in the bloc, international wine organization OIV said.
GM Korea averts bankruptcy but how long will it stay?
SEOUL (Reuters) – General Motors’ South Korean unit has averted a bankruptcy filing, but analysts and customers, as well as the South Korean government, are debating how long the loss-making company will remain in business.
Deutsche Bank may reveal investment bank revamp on Thursday: source
FRANKFURT (Reuters) – Deutsche Bank AG may spell out strategy changes for its investment bank on Thursday along with first-quarter earnings, a person with knowledge of the matter said on Tuesday.
BP has ‘very strong’ partnership with Rosneft – CEO
LONDON (Reuters) – BP has a “very strong” partnership with Russian oil giant Rosneft but will steer away from politics, Chief Executive Officer Bob Dudley said on Tuesday, as Moscow could face new western sanctions.
Volkswagen CEO says China tax hike on U.S. vehicle imports would sting
BEIJING (Reuters) – Volkswagen AG’s chief executive Herbert Diess said on Tuesday that a Chinese tariff hike on U.S vehicle imports would be tough for the firm, amid a brewing trade war and threats of punitive tariffs exchanged between Washington and …
One in five financial institutions consider cryptocurrency trading, survey says
LONDON (Reuters) – One in five financial institutions is considering trading cryptocurrencies within the next 12 months, a survey published by Thomson Reuters on Tuesday found.
Facebook releases long-secret rules on how it polices the service
MENLO PARK, Calif. (Reuters) – Facebook Inc on Tuesday released a rule book for the types of posts it allows on its social network, giving far more detail than ever before on what is permitted on subjects ranging from drug use and sex work to bullying…
China’s Didi in talks for IPO as early as this year: WSJ
(Reuters) – Chinese ride-hailing company Didi Chuxing is in talks for a multi-billion-dollar initial public offering that could take place as early as this year, The Wall Street Journal reported on Tuesday, citing people familiar with the matter.
