Oil up on dollar, OPEC limits rise; gasoline jumps on line explosion
NEW YORK (Reuters) – Oil prices edged higher on Tuesday as a weaker dollar boosted greenback-denominated commodities, although worries that OPEC will not do much to reduce a global glut kept the market near one-month lows.
Thomson Reuters to cut 2,000 jobs; profit tops estimates
(Reuters) – Thomson Reuters Corp third-quarter earnings beat analyst expectations on Tuesday and the company said it would cut jobs worldwide, taking a fourth-quarter charge of $200 million to $250 million to streamline its business.
Toyota to pilot Smart Key Box technology with ride-hailing start-up
TOKYO (Reuters) – Toyota Motor Corp will pilot its new Smart Key Box technology in fleets used by U.S. car-sharing service Getaround next year, stepping up its push to benefit from new mobility services seen by some as a threat to traditional car owner…
Samsung Electronics to invest more than $1 billion in U.S. chip production
SEOUL (Reuters) – Samsung Electronics Co Ltd said on Tuesday it planned to invest more than $1 billion by the end of June 2017 to boost production of system chips at its Austin, Texas, facilities in the United States to meet growing demand.
Shell’s earnings beat Exxon as oil majors adapt to low prices
LONDON (Reuters) – Royal Dutch/Shell and BP on Tuesday joined peers in reporting higher than expected earnings by making further deep cuts in spending to cope with an oil price downturn now in its third year.
Airbnb tells China users personal data to be stored locally
BEIJING (Reuters) – U.S. short-term rental company Airbnb Inc has told Chinese users that it will store their personal data locally as foreign tech companies operating in China respond to increasing regulatory pressure.
HSBC appoints former LSE chief Clara Furse to chair UK retail bank
LONDON (Reuters) – HSBC , Europe’s biggest bank, has appointed Clara Furse, a former chief executive of the London Stock Exchange , to chair its ring-fenced UK retail business.
Fed to hold rates steady, put December hike firmly in view
WASHINGTON (Reuters) – The U.S. Federal Reserve is expected to keep interest rates unchanged on Wednesday but set the stage for a hike in December amid signs the economy is picking up steam.
BSI loses assets amid 1MDB investigation, EFG closes takeover
ZURICH (Reuters) – Swiss private bank EFG International’s newly acquired BSI business suffered net new money outflows of 17.8 billion Swiss francs ($18 billion) in the first 10 months of 2016 amid sanctions over ties to a scandal-hit Malaysian state fu…
Former Tata chairman says allegations of Docomo issue mishandling baseless
MUMBAI (Reuters) – Tata Sons ousted Chairman Cyrus Mistry said on Tuesday that any insinuation that he had mis-handled a drawn out dispute with its Japanese telecom partner NTT DoCoMo Inc were baseless, ratcheting up the war of words between the two fe…
