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Updated: 36 min 20 sec ago

SoftBank's Son to focus on investing to speed up major company shift

Wed, 06/20/2018 - 3:27am
TOKYO (Reuters) - SoftBank Group Corp's CEO Masayoshi Son said on Wednesday he plans to devote the bulk of his time to hunt for technology investments around the world, as part of a major shift in focus underway at the Japanese telecoms and tech group.

Latecomer Sanofi looks to catch next wave of cancer therapies

Wed, 06/20/2018 - 2:14am
PARIS (Reuters) - Sanofi missed the boat on immune system-boosting cancer drugs. Now it's trying to catch up.

Asian stocks pick up steam as hopes of policy support lift China

Wed, 06/20/2018 - 2:08am
SHANGHAI (Reuters) - Asian stock markets picked up steam in afternoon trade on Wednesday after a wobbly morning session, highlighting the lingering anxiety and uncertainty surrounding a heated trade dispute between China and the United States.

ZTE's Hong Kong shares rise after clarification of U.S. bill impact

Wed, 06/20/2018 - 1:48am
HONG KONG (Reuters) - Shares of China's ZTE Corp rose as much as 18 percent in Hong Kong on Wednesday as the impact of a U.S. Senate bill that threatens to restore penalties on the company became clearer.

Fox to craft script for M&A summer blockbuster

Wed, 06/20/2018 - 1:31am
(Reuters) - Twenty-First Century Fox Inc's board is set to decide on Wednesday whether to entertain Comcast Corp's $65 billion cash bid for the New York-based media company or stick with its roughly $52 billion all-stock offer from Walt Disney Co , people familiar with the matter said.

U.S. shale producers warn Chinese tariffs would hit energy exports

Wed, 06/20/2018 - 1:20am
HOUSTON (Reuters) - China's proposed tariffs on U.S. petroleum imports, part of a mounting trade war between the two countries, would crimp sales to the shale industry's largest customer, adding new pressure on U.S. crude prices, energy executives and analysts said in interviews this week.

Dow-ned but not out: Expulsion no body blow for GE shareholders

Wed, 06/20/2018 - 12:48am
(Reuters) - General Electric Co's expulsion from the elite Dow Jones Industrial Average may be a bitter pill to swallow for shareholders, but it could be little more than a publicity blow for investors in the 126-year-old struggling U.S. conglomerate.

China stocks extend slump, temper Asian bounce as trade war anxiety grows

Tue, 06/19/2018 - 11:54pm
SHANGHAI (Reuters) - China's stock markets slumped on Wednesday, extending a rout from the previous day as the prospect of a full-blown Sino-U.S. trade war put a dampener on the rest of Asian equities, even as they managed a modest bounce.

Asia business sentiment slips from seven-year high on trade worries: Thomson Reuters/INSEAD

Tue, 06/19/2018 - 11:19pm
KUALA LUMPUR (Reuters) - Business confidence among Asian companies slipped for the first time in three quarters, on mounting worries that U.S. President Donald Trump's protectionist policies would trigger tit-for-tat reprisals and undermine the global trading system.

Chinese paper says Trump administration has 'blood lust' over trade

Tue, 06/19/2018 - 10:39pm
BEIJING (Reuters) - The Trump administration has "blood lust" when it comes to pushing its trade agenda against China and wants to "suck the lifeblood" from the Chinese economy, an official state-run newspaper said on Wednesday, stepping up the rhetoric.

Stocks recover from earlier rout but trade war fears seen capping gains

Tue, 06/19/2018 - 10:23pm
SHANGHAI (Reuters) - Stocks in Asia rebounded from recent losses on Wednesday as investors sought bargains, a day after the specter of a U.S.-China trade war rattled global markets, but significant uncertainty around the trade outlook is capping gains.

Silicon Valley-style coding boot camp seeks to reset Japan Inc

Tue, 06/19/2018 - 9:28pm
TOKYO (Reuters) - Barely six months after inaugurating a tiny software-coding boot camp in a basement in Tokyo, Silicon Valley transplant Kani Munidasa stood before some of Japan's top business leaders in February with a warning: software was threatening their future.

Asian markets rebound on bargain-hunting, shrug off trade war threats

Tue, 06/19/2018 - 8:36pm
SHANGHAI (Reuters) - Stocks in Asia rebounded from recent losses on Wednesday as investors sought bargains, a day after the specter of a U.S.-China trade war drove down bond yields, and share and commodity prices.

General Electric loses place in elite Dow Jones Industrial Average

Tue, 06/19/2018 - 8:14pm
(Reuters) - General Electric Co has lost its spot in the Dow Jones Industrial Average after over a century in the blue chip stock index, a new blow to a company that once towered over the American business landscape but is now struggling to retain its standing as an industrial powerhouse.

FedEx profit tops Wall Street estimates amid trade war worries

Tue, 06/19/2018 - 7:47pm
LOS ANGELES/NEW YORK (Reuters) - FedEx Corp reported fourth-quarter profit that beat Wall Street estimates on Tuesday, as revenues and operating margins increased in each of the company's operating units.

Starbucks closing cafes; CEO calls performance 'not acceptable'

Tue, 06/19/2018 - 7:40pm
(Reuters) - Starbucks Corp forecast on Tuesday slower sales growth than Wall Street expected this quarter and plans to close about 150 U.S. cafes next fiscal year to boost performance, sending its shares down 2 percent after hours.

Goldman Sachs to invest $500 mln in women-run companies

Tue, 06/19/2018 - 6:54pm
(Reuters) - Goldman Sachs Group Inc will pump $500 million into companies led, founded or owned by women, as it steps up efforts to close the gender investing gap, the Wall Street bank said on Tuesday.

Goldman Sachs to invest $500 million in women-run companies

Tue, 06/19/2018 - 6:40pm
(Reuters) - Goldman Sachs Group Inc will pump $500 million into companies led, founded or owned by women as it steps up efforts to close the gender investing gap, the Wall Street bank said on Tuesday.

Oracle's forecast miss overshadows cloud growth, shares fall

Tue, 06/19/2018 - 6:37pm
(Reuters) - Oracle Corp's forecast for current-quarter profit missed analysts' expectations on Tuesday, hurt by a strengthening U.S. dollar, dampening its fourth-quarter earnings beat that was powered by growth in its cloud business.

General Electric to be removed from Dow Jones Industrial Average

Tue, 06/19/2018 - 6:13pm
(Reuters) - The Dow Jones Industrial Average is losing General Electric Co , the lone original component of the venerable blue-chip index that debuted in 1896.