U.S. sanctions on Venezuela oil company CFO tangle financial deals: sources
CARACAS/HOUSTON (Reuters) – U.S. sanctions on the finance boss of Venezuela’s oil company PDVSA have led to some exports to the United States being blocked as banks and investment funds refuse to provide letters of credit to potential buyers, three fin…
U.S. second-quarter GDP growth revised up, fastest in over two years
WASHINGTON (Reuters) – The U.S. economy grew faster than initially thought in the second quarter, notching its quickest pace in more than two years, and there are signs that the momentum was sustained at the start of the third quarter.
U.S. private sector added most workers in five months in August: ADP
NEW YORK (Reuters) – U.S. private-sector employers hired 237,000 workers in August for the biggest monthly increase in five months, beating economists’ expectations, a report by a payrolls processor showed on Wednesday.
Upbeat U.S. growth revision drives Wall Street higher
NEW YORK (Reuters) – U.S. stocks rose on Wednesday after stronger-than-expected U.S. economic growth outweighed concerns about escalating tensions between the United States and North Korea and uncertainty in the aftermath of Hurricane Harvey.
AT&T to expand 5G U.S. broadband trials
NEW YORK (Reuters) – AT&T Inc said on Wednesday that it is expanding its 5G trials to include three new U.S. cities by the end of the year as part of its push to develop a next-generation network.
Siemens buys self-driving software specialist Tass
FRANKFURT (Reuters) – German industrial group Siemens has agreed to buy Dutch self-driving software specialist Tass International for an undisclosed sum to strengthen its automotive business, it said on Wednesday.
Insurers see more demand from banks for cover against cyber attacks, rogue staff
LONDON (Reuters) – Banks are increasingly turning to insurance to protect their capital from “operational risks” like cyber attacks and rogue traders, and insurers say they can help safeguard lenders by providing an extra layer of expertise.
Bain adds Apple for last-minute $18 billion Toshiba chip unit bid: sources
TOKYO (Reuters) – A consortium led by Bain Capital has made a revised last-ditch offer for Toshiba Corp’s chip unit worth about $18 billion, bringing in Apple Inc to help bolster its bid, sources with direct knowledge of the matter said.
Sharp asks U.S. trade body to probe Hisense in patent dispute
TOKYO (Reuters) – Japan’s Sharp Corp said on Wednesday it has requested the U.S. International Trade Commision (ITC) to investigate Hisense Group Co Ltd, escalating a dispute in which it has accused the Chinese firm of patent infringement.
Fujifilm says aims to spend $4.5 billion on M&A over three years
TOKYO (Reuters) – Fujifilm Holdings Corp said it aimed to spend 500 billion yen ($4.54 billion) in strategic acquisitions over three years as it seeks growth outside its traditional photographic film business, which has been shrinking.
