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Blooming U.S. business interest in Cuba wilts under Trump

Reuters Business News - Fri, 2017-11-10 18:25
HAVANA (Reuters) - Packed into a remote corner of a pavilion, just 13 U.S. companies took stands at Cuba's sprawling trade fair this year, in a sign of how firms' interest in doing business on the island has dwindled in the first year of Donald Trump’s presidency.
Categories: business

German regulator launches another probe into VW over scandal

Reuters Business News - Fri, 2017-11-10 17:41
BERLIN (Reuters) - Germany's financial watchdog said on Friday it was investigating whether Volkswagen illegally disclosed information about its emissions scandal to third parties, adding to the carmaker's legal headaches more than two years after the scandal broke.
Categories: business

Uber loses UK appeal bid to overturn workers' rights decision

Reuters Business News - Fri, 2017-11-10 17:33
LONDON (Reuters) - Taxi app Uber [UBER.UL] lost a bid on Friday to overturn a decision by a tribunal which had said its drivers deserved workers' rights such as the minimum wage, in a blow to the company as it also battles to keep its license in London.
Categories: business

Bitcoin slides by over $1,000 in less than 48 hours

Reuters Business News - Fri, 2017-11-10 17:29
LONDON (Reuters) - Bitcoin dropped below $7,000 on Friday to trade more than $1,000 down from an all-time high hit on Wednesday, as some traders dumped it for a clone called Bitcoin Cash, sending its value up around a third.
Categories: business

China's 24-hour online shopping binge tops $1.5 billion in first three minutes

Reuters Business News - Fri, 2017-11-10 17:15
SHANGHAI (Reuters) - Chinese e-commerce giant Alibaba said sales topped 10 billion yuan ($1.51 billion) in just over three minutes from the opening of Singles' Day, an annual online discount sales gala that has become the world's biggest shopping spree.
Categories: business

China widens foreign access to its giant financial sector

Reuters Business News - Fri, 2017-11-10 17:13
BEIJING (Reuters) - China will raise foreign ownership limits in financial firms in a step granting access to a tantalizing multi-trillion dollar financial services market, as the world's second-biggest economy seeks to position itself as a major global finance hub.
Categories: business

German prosecutors raid Commerzbank in tax evasion probe

Reuters Business News - Fri, 2017-11-10 16:31
FRANKFURT (Reuters) - Germany's Commerzbank has become the target of a tax evasion probe in which several current and former managers are suspected of evading 40 million euros ($47 million) in taxes via so-called dividend stripping.
Categories: business

Wall Street falls on tax bill worries; media stocks climb

Reuters Business News - Fri, 2017-11-10 16:17
(Reuters) - Wall Street declined on Friday as the markets grappled with concerns over delays in corporate tax cuts but a rise in media stocks helped limit the slide.
Categories: business

Nvidia shares set record as Volta chips ensure future growth

Reuters Business News - Fri, 2017-11-10 15:35
(Reuters) - Shares of Nvidia Corp hit a record on Friday, after it posted stellar quarterly results powered by higher demand for graphics chips used in gaming and data centers, and the rapid adoption of its new Volta chips for AI and driverless cars.
Categories: business

Amazon seeks staff in European insurance push

Reuters Business News - Fri, 2017-11-10 15:09
LONDON (Reuters) - Amazon.com Inc is expanding its nascent European product insurance business, according to recent job adverts, which industry watchers say could signal the start of broader ambitions in insurance.
Categories: business

China lifts foreign ownership limits on financial firms

Reuters Business News - Fri, 2017-11-10 07:00
BEIJING (Reuters) - The Chinese government on Friday said it will raise foreign ownership limits in domestic financial firms, a long-anticipated step that grants greater access to overseas investors into the Asian giant's financial services market.
Categories: business

Asian stocks slip as U.S. tax doubts snap global winning streak

Reuters Business News - Fri, 2017-11-10 06:56
TOKYO (Reuters) - Asian shares slipped on Friday on uncertainty about U.S. tax reforms after Senate Republicans unveiled a plan that differed from the House of Representatives' version in several key areas, including a delay in the timing of a corporate tax cut.
Categories: business

New 'Star Wars' trilogy raises hopes after Disney results miss target

Reuters Business News - Fri, 2017-11-10 06:51
(Reuters) - The force of "Star Wars" lifted Walt Disney Co shares on Thursday as the promise of a new film trilogy overshadowed disappointing quarterly results and struggles at the media company's television business.
Categories: business

Exclusive: Carlyle explores sale or IPO of Ortho-Clinical Diagnostics - sources

Reuters Business News - Fri, 2017-11-10 06:30
(Reuters) - Private equity firm Carlyle Group LP is exploring a sale or initial public offering of Ortho-Clinical Diagnostics Inc, a U.S. diagnostics company that could be valued at more than $7 billion, including debt, people familiar with the matter said.
Categories: business

Kobe Steel to report on causes of data cheating, CEO to speak

Reuters Business News - Fri, 2017-11-10 06:10
TOKYO (Reuters) - Kobe Steel Ltd said it would announce on Friday the results of an internal investigation into the causes of a data-cheating scandal that has rocked the Japanese steelmaker and affected hundreds of its customers globally.
Categories: business

Toshiba considering $5.3 billion capital injection: source

Reuters Business News - Fri, 2017-11-10 01:57
TOKYO (Reuters) - Toshiba Corp, desperate for cash to avoid a possible delisting, is considering raising about 600 billion yen ($5.3 billion) by offering new shares in a third-party allotment, a person briefed on the matter said on Friday.
Categories: business

Trump's CNN attacks may hobble legal case to block AT&T-Time Warner deal

Reuters Business News - Fri, 2017-11-10 00:46
WASHINGTON/NEW YORK (Reuters) - President Donald Trump's broadsides against cable network CNN may complicate the U.S. government's legal case if it decides to block AT&T's deal to buy media company Time Warner, according to legal experts.
Categories: business

News Corp profit beats on digital real estate unit strength

Reuters Business News - Thu, 2017-11-09 23:30
(Reuters) - Wall Street Journal owner News Corp reported a better-than-expected quarterly profit on Thursday, driven by a tight control on expenses and growth in revenue across all its businesses.
Categories: business

Uber boss says U.S. market unprofitable amid tough competition from Lyft

Reuters Business News - Thu, 2017-11-09 23:04
SAN FRANCISCO (Reuters) - Uber Technologies Inc will continue to lose money in its home market for at least the next six months as rival Lyft Inc poses a fierce competitive challenge, Chief Executive Dara Khosrowshahi said on Thursday in his first public comments since taking the top job at Uber two months ago.
Categories: business

Ford, Ekso team up for 'bionic' auto workers

Reuters Business News - Thu, 2017-11-09 22:40
WAYNE, Mich. (Reuters) - Robots have replaced many U.S. manufacturing workers, but new mechanical exoskeletons being tested by Ford Motor Co may help factory workers to function like bionic people, reducing the physical damage of millions of repetitive tasks over many years.
Categories: business

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