High speed: China’s Geely 2017 net profit soars amid global push
SHANGHAI (Reuters) – Chinese carmaker Geely Automobile Holdings Ltd , whose chairman recently took a $9 billion stake in Germany’s Daimler AG , said on Wednesday its profits more than doubled in 2017, driven by strong domestic sales of popular SUVs.
Starbucks’ mobile order push meets resistance from ritual seekers
LOS ANGELES (Reuters) – Starbucks Corp wants more people to use its time-saving mobile ordering app that lets customers buy drinks without waiting in line.
Powell’s Fed likely to raise rates, may upgrade 2018 outlook
WASHINGTON (Reuters) – The Federal Reserve is expected to raise interest rates at its first policy meeting under Chairman Jerome Powell and may signal more hikes are coming in response to tax cuts and government spending that could further stoke a robu…
Caution the watchword as Fed ponders rate pace
SYDNEY (Reuters) – A hush settled over financial markets on Wednesday as investors counted down to a likely hike in U.S. interest rates and guidance on how many more to expect this year, while trade war fears kept export nations’ currencies on edge.
Exclusive: Kaspersky Lab plans Swiss data center to combat spying allegations – documents
MOSCOW/TORONTO (Reuters) – Moscow-based Kaspersky Lab plans to open a data center in Switzerland to address Western government concerns that Russia exploits its anti-virus software to spy on customers, according to internal documents seen by Reuters.
In search of higher margins, Canada Goose to make more of its own luxury coats
(Reuters) – Luxury coat maker Canada Goose plans to bring more manufacturing in-house in a bid to boost margins and help it live up to lofty investor expectations as the most expensive stock among major luxury brands.
Pension fund CalSTRS opposes Tesla’s compensation package for Musk
(Reuters) – U.S. public pension fund CalSTRS said on Wednesday it is opposed to Tesla Inc’s recommendation to support Chief Executive Elon Musk’s compensation arrangement at the electric car maker’s shareholder meeting.
Asian business sentiment edges up to hit seven-year high: Thomson Reuters/INSEAD
SYDNEY (Reuters) – Business confidence among Asian companies rose in the first quarter to the highest level in seven years, a Thomson Reuters/INSEAD survey showed, as a fresh surge by the Chinese economy offset concerns about rising trade barriers.
New Zealand court rejects Megaupload founder’s call for Obama appearance
WELLINGTON (Reuters) – A New Zealand court rejected on Wednesday internet entrepreneur Kim Dotcom’s application for former U.S. President Barack Obama to appear in court in relation to a damages claim over his defunct Megaupload streaming website.
G20 sees need for ‘dialogue,’ fails to defuse trade war threat
BUENOS AIRES (Reuters) – The world’s financial leaders rejected protectionism on Tuesday and urged “further dialogue” on trade, but failed to diffuse the threat of a trade war days before U.S. metals tariffs take effect and Washington is to announce me…
