Baidu to launch self-driving car technology in July
(Reuters) – Baidu Inc said on Tuesday it would launch its self-driving car technology for restricted environment in July before gradually introducing fully autonomous driving capabilities on highways and open city roads by 2020.
China EV start-up Nio to sell mass-production car next year
SHANGHAI (Reuters) – Chinese electric vehicle start-up Nio will start selling its first mass-production vehicle next year, the firm said in a statement on Wednesday, as it unveiled its ES8 SUV car at the Shanghai auto show.
Oil prices dip on bloated U.S. market, mixed Saudi signals
SINGAPORE (Reuters) – Oil prices dipped on Wednesday as bloated U.S. supplies weighed on markets while a fall in Saudi crude exports was offset by rising production in the country.
Reflation trades fizzle, sterling holds above $1.28
LONDON (Reuters) – Stocks flatlined and gold fell on Wednesday as investors continued to question the ‘reflation’ trades that had lifted markets since the election of U.S. president Donald Trump in November, while sterling basked in the glow of a six-m…
Trump ‘Buy American’ edict may have little impact on U.S. steel
DETROIT/NEW YORK (Reuters) – U.S. President Donald Trump’s “Buy American, Hire American” executive order on Tuesday left questions about how the government would enforce the order and whether it would make a real difference in output and employment, ac…
KKR-led group ups ante in bidding war for Australia’s Tatts lotto
SYDNEY (Reuters) – A group backed by private equity firm KKR & Co on Wednesday said it had made a revised A$6.15 billion ($4.65 billion) offer for Australia’s biggest lottery operator Tatts Group Ltd , upping the ante in a bidding war against Tabcorp Holdings Ltd .
Goldman Sachs licks wounds in equities trading as peers grab share
(Reuters) – Goldman Sachs Group Inc on Tuesday became the first Wall Street bank this earnings season to report lower equities trading revenue, signaling it was unlikely to reclaim the top market share ranking from Morgan Stanley any time soon.
Wells Fargo tests Facebook chatbot
NEW YORK (Reuters) – Wells Fargo & Company is testing a “chatbot”, an automated program that can communicate with the bank’s customers on Facebook’s messaging platform to give them information on their accounts and help them reset their passwords.
IBM posts first revenue miss in five quarters, shares tumble
(Reuters) – International Business Machines Corp reported a bigger-than-expected decline in revenue for the first time in five quarters due to weak demand in its IT services business, a sign that the company’s turnaround could take longer than expecte…
Yahoo’s first-quarter revenue jumps 22 percent
(Reuters) – Yahoo Inc reported a 22.1 percent increase in quarterly revenue on Tuesday, ahead of the sale of its core internet business to Verizon Communications Inc .
