Google parent Alphabet profit beats Street on strong ad sales

SAN FRANCISCO (Reuters) – Google owner Alphabet Inc reported first-quarter sales and profit Monday that topped financial analysts’ estimates due to strong ad sales and a change in accounting for investments in startups, sending its shares up about 1 percent after hours. The results eased concerns that investment in new ventures beyond its core More...

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By admin On Sunday, April 22nd, 2018
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Asia stocks subdued by rising yields, earnings deluge

SYDNEY (Reuters) – Asian stocks started in muted fashion on Monday as investors braced for a bevy of earnings from the world’s largest corporations, while keeping a wary eye on U.S. bond yields as they approached More...

By admin On Saturday, April 21st, 2018
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U.S. regulator permits China's ZTE to submit more evidence

NEW YORK (Reuters) – The U.S. Commerce Department has granted ZTE Corp’s (000063.SZ) (0763.HK) request to submit more evidence after the agency banned American companies from selling to the Chinese technology More...

By admin On Saturday, April 21st, 2018
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Trump's next $100 billion tariff dilemma: hit Wal-Mart or Apple Store?

WASHINGTON (Reuters) – U.S. consumers may be about to directly feel the effects of the trade fight started by U.S. President Trump with China and other countries this year when a new list of Chinese imports More...

By admin On Friday, April 20th, 2018
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Asian oil demand to hit record, but industry can't take eyes off Middle East

SINGAPORE (Reuters) – Asian oil demand will hit a record in April just as global crude values are lifted to levels not seen in three years by Middle East supply risks and top exporter Saudi Arabia withholding More...

By admin On Thursday, April 19th, 2018
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Exclusive: China looks to speed up chip plans as U.S. trade tensions boil – sources

BEIJING (Reuters) – China is looking to accelerate plans to develop its domestic semiconductor market amid a fierce trade stand-off with the United States and a U.S. ban on sales to Chinese phone maker ZTE More...

By admin On Wednesday, April 18th, 2018
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Morgan Stanley executives tamp down enthusiasm on record profit

(Reuters) – Morgan Stanley (MS.N) reported record first-quarter profit on Wednesday thanks to a surge in trading activity, much like other Wall Street banks, but executives warned results through the rest More...

By admin On Tuesday, April 17th, 2018
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Arming the world: Inside Trump's 'Buy American' drive to expand weapons exports

WASHINGTON (Reuters) – In a telephone call with the emir of Kuwait in January, U.S. President Donald Trump pressed the Gulf monarch to move forward on a $ 10 billion fighter jet deal that had been stalled More...

By admin On Monday, April 16th, 2018
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U.S. bans American companies from selling to Chinese phone maker ZTE

LONDON/NEW YORK (Reuters) – The U.S. Department of Commerce has banned American companies from selling components to Chinese telecom equipment maker ZTE Corp for seven years after breaking an agreement reached More...

By admin On Sunday, April 15th, 2018
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Asian shares up, oil down as Syria fallout seen limited

SYDNEY (Reuters) – Share markets started firmer in Asia on Monday amid relief U.S.-led strikes on Syria looked like being a one-off event that avoided a direct confrontation with Russia, weighing on oil prices More...