Asia firms’ confidence hits near two-year high on U.S., China pick-up: Thomson Reuters/INSEAD
BEIJING (Reuters) – Business sentiment at Asia’s top companies rose to its highest in almost two years in the first quarter of 2017, buoyed by positive economic signs from the United States and China that underpinned improved global demand, a Thomson R…
Hot U.S. real estate a potential red flag: Fed’s Rosengren
(Reuters) – The run-up in U.S. real estate prices could potentially amplify any future economic downturn, a Federal Reserve official said on Tuesday, urging regulators globally to consider tools beyond interest rates that could help cool the sector.
LG Electronics to launch mobile payments service in South Korea in June
SEOUL (Reuters) – South Korea’s LG Electronics Inc said on Wednesday it will launch a new mobile payments service in its home country in June, trying to keep up with smartphone leaders Samsung Electronics Co Ltd and Apple Inc.
Oil prices slide on bulging U.S. crude inventories
LONDON (Reuters) – Oil prices slipped back to three-month lows on Wednesday after data showed U.S. crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June.
Trump tax cut doubts hit stocks, lifts yen vs. dollar
LONDON (Reuters) – Growing doubts U.S. President Donald Trump will be able to deliver on a promise of tax cuts that has powered stocks markets to record highs pushed shares lower on Wednesday and drove investors to seek safety in government debt, gold…
Nike’s revenue misses estimates as rivals gain ground
(Reuters) – Nike Inc reported lower-than-expected quarterly revenue on Tuesday as the world’s largest footwear maker battles for market share in North America with a resurgent Adidas AG and a fast-growing Under Armour Inc.
Andrew Puzder to step down as CKE fast-food CEO in April: company
(Reuters) – Andrew Puzder, who withdrew as nominee for U.S. Labor Secretary in the new Trump administration, is stepping down as chief executive of CKE Restaurants Holdings Inc in April, the parent of the Carl’s Jr and Hardee’s restaurant chains said o…
Uber board backs CEO Kalanick, still looking for chief operating officer
SAN FRANCISCO (Reuters) – Uber Technologies Inc plans to keep co-founder Travis Kalanick as chief executive following a series of damaging events at the ride services company, a member of its board said on Tuesday in a rare call with reporters.
Kohl’s Corp CEO says retailer needs to change faster
LAS VEGAS (Reuters) – Kohl’s Corp’s chief executive officer said on Tuesday the department store operator needs to “change faster” in order to remain a strong competitor to online and brick-and-mortar retailers.
Audi board to discuss prosecutor raids, CEO’s actions on March 29: sources
BERLIN/FRANKFURT (Reuters) – Top officials at Volkswagen’s luxury division Audi will meet next week to discuss a raid by German prosecutors on the carmaker’s premises last week and the situation of its embattled chief executive, sources said.
