Tata Steel UK not willing to split up assets to secure sale: CEO
LONDON (Reuters) – Tata Steel is not prepared to split up its main British assets, such as its Port Talbot steel plant, as part of a plan to divest its UK steelmaking operations, UK CEO Bimlendra Jha told a committee of lawmakers on Thursday.
Japanese stimulus inaction sends yen soaring
LONDON (Reuters) – A lack of fresh stimulus from the Bank of Japan sent the yen soaring and world stocks into the red on Thursday, half a day after the U.S. Federal Reserve signaled it too was hitting the policy pause button.
Citi puts Asia payment processing business up for sale: sources
HONG KONG (Reuters) – Citigroup has puts its Asia payment processing business on the block as part of a ongoing global plan to exit non-core operations, people familiar with the matter told Reuters.
Crude oil prices take a breather after hitting 2016 highs
SINGAPORE (Reuters) – Crude futures pulled back from 2016 highs on Thursday as traders locked in profits after April’s sharp rally, but analysts said falling U.S. production, strong investor appetite and a weakening dollar could push prices higher soon…
Logitech CEO upbeat amid smartphone slowdown: CNBC
ZURICH (Reuters) – Swiss-American technology accessories maker Logitech could benefit from a slowdown in the smartphone market, Chief Executive Bracken Darrell said on Thursday after it reported its best annual retail sales growth in five years.
Samsung Elec tips second quarter profit pickup as Galaxy S7 excels
SEOUL (Reuters) – Tech giant Samsung Electronics Co Ltd on Thursday tipped a pickup in second-quarter profits after reporting a 12 percent earnings gain in January-March on the back of “robust” sales of its Galaxy S7 smartphones.
Global smartphone market shrank annually for first time in first quarter: Strategy Analytics
SEOUL (Reuters) – Global shipments of smartphones shrank 3 percent in the first quarter from a year earlier in the market’s first year-on-year contraction on record, researcher Strategy Analytics said on Thursday, reflecting growing strains on the indu…
Facebook revenue smashes expectations as mobile ad sales surge
(Reuters) – Facebook Inc’s quarterly revenue rose more than 50 percent, handily beating Wall Street expectations as its wildly popular mobile app and a push into live video lured new advertisers and encouraged existing ones to boost spending.
Judge rejects Redstone bid to close part of competency trial
LOS ANGELES (Reuters) – The trial over media mogul Sumner Redstone’s advance healthcare directive should be open to the public, a California judge tentatively ruled on Wednesday in a lawsuit brought by an ex-girlfriend.
Wall Street watchdog has unfinished business with bad brokers
(Reuters) – The head of a brokerage industry watchdog says he will leave behind at least one piece of unfinished business when he retires this year: improving access to data so that regulators can more quickly halt problem brokers, and investors can av…
