Oil prices edge lower on rising U.S. inventories
SINGAPORE (Reuters) – Oil prices fell slightly on Thursday as rising U.S. crude inventories due to robust shale production outweighed concerns over renewed air strikes in Yemen.
Shares, euro sag after euro zone PMIs disappoint
LONDON (Reuters) – World shares weathered soft readings on Chinese and Japanese manufacturing on Thursday that merely drove expectations of more policy stimulus there, though lacklustre euro zone data was less well received.
Japan April flash manufacturing PMI contracts for first time in 11 months
TOKYO (Reuters) – Japanese manufacturing activity contracted in April for the first time in almost a year as domestic orders and output fell, which could fuel concerns that the country’s modest economic recovery is losing momentum.
China April flash HSBC PMI contracts to one-year low
SHANGHAI (Reuters) – China’s factory activity contracted at its fastest pace in a year in April, a private survey showed, suggesting that economic conditions are still deteriorating despite increasingly aggressive policy easing by the central bank.
Cost of Galaxy’s battle against iPhone on the rise
SEOUL, (Reuters) – Samsung Electronics has pulled out all the stops on its new Galaxy smartphones, but their modest prices compared to the latest iPhones throw an uneasy spotlight on the long-term cost of fighting Apple’s premium branding.
How Wall Street came out on gay marriage
WASHINGTON (Reuters) – On March 6, the day of the U.S. Supreme Court’s deadline for legal briefs backing same-sex marriage, gay rights activists quietly celebrated a victory on Wall Street.
Fed eyes ability of asset managers to repay in a panic
WASHINGTON/NEW YORK (Reuters) – Sections of the U.S. financial system that may be vulnerable to investor panic are raising concerns inside the Federal Reserve, as policymakers preparing for the first interest-rate hike in nearly a decade seek to ensure…
Apple tests smartwatch market with quiet debut of Cook’s first product
NEW YORK (Reuters) – The Apple Watch will launch with a whisper rather than a bang on Friday, an unusual start for the company that may reflect early uncertainty about demand for Apple Inc boss Tim Cook’s first new product.
AT&T profit beats Street estimates, fewer subscribers defect
(Reuters) – AT&T Inc on Wednesday reported better-than expected earnings and said fewer wireless customers switched to other networks at a rate not seen in any first quarter.
Accused British ‘flash crash’ trader fights extradition to U.S.
LONDON/CHICAGO (Reuters) – A British man accused of market manipulation that contributed to the May 2010 Wall Street “flash crash” said he opposed being extradited to the United States, while the operator of the market where he traded sought to rebut p…
