Oil prices stable as strong dollar weighs, but market tightens
SINGAPORE (Reuters) – Oil prices were stable on Friday, weighed by a stronger dollar, but supported by signs that physical fuel markets were tightening after two years of ballooning oversupply.
Wal-Mart to invest $50 million in China online grocer New Dada
SHANGHAI (Reuters) – Wal-Mart Stores Inc will invest $50 million in Chinese online grocery and delivery firm New Dada, the U.S. retailer said on Friday, extending its tie-ups with local online players to help boost sales in the world’s second-largest e…
Nissan to decide next month whether to build next Qashqai in UK: CEO
YOKOHAMA, Japan (Reuters) – Nissan Motor Co will make a decision next month on whether to produce the next Qashqai SUV model at its Sunderland plant in Britain following the country’s decision to leave the European Union, Chief Executive Carlos Ghosn …
Exclusive: Altice USA draws up plans for IPO – sources
(Reuters) – Altice USA, the cable operator that Netherlands-based Altice NV put together by acquiring Cablevision and Suddenlink Communications, is drawing up plans for a potential initial public offering, according to people familiar with the matter….
Nintendo slides 6 percent after unveiling ‘Switch’ game console
TOKYO (Reuters) – Shares of Nintendo Co Ltd dropped 6 percent in early trade on Friday after the videogame maker unveiled its next-generation gaming console, called the Nintendo Switch.
Hanjin Shipping picks advisor to sell Long Beach Terminal stake
SEOUL (Reuters) – Hanjin Shipping Co Ltd chose an advisor to seek a potential sale of its stake in Long Beach Terminal, a spokeswoman said on Friday.
AT&T discussed takeover in meetings with Time Warner: Bloomberg
(Reuters) – Senior executives of telecommunications company AT&T Inc and media conglomerate Time Warner Inc have discussed various business strategies including a possible merger in recent weeks, Bloomberg reported on Thursday, citing people it said were familiar with the matter.
Microsoft shares hit high as cloud business flies above estimates
(Reuters) – Microsoft Corp said sales of its flagship cloud product doubled in its first quarter, propelling earnings above analysts’ estimates and sending its shares to an all-time high, breaking past a level hit in 1999 at the peak of the tech stock …
Two-wheel drive: China tech giants bet on ‘Uber for bikes’ in hunt for next unicorn
HONG KONG (Reuters) – China’s tech industry giants are sloughing hundreds of millions of dollars into what they’re betting will be the country’s next big internet craze – ‘Uber for bikes’.
New Look seeks fashion edge in China with local designs
BERLIN/HONG KONG (Reuters) – As Europe’s fashion giants brace for what could be the toughest leg of their expansion in China, a South African retail tycoon has launched a bold assault on the world’s most populous nation.
