North Korea factories humming with 'Made in China' clothes, traders say
DANDONG, China (Reuters) – Chinese textile firms are increasingly using North Korean factories to take advantage of cheaper labor across the border, traders and businesses in the border city of Dandong told Reuters. The clothes made in North Korea are labeled “Made in China” and exported across the world, they said. Using North Korea More...
After a long drought, bear market funds attract buyers
NEW YORK (Reuters) – Bearish stock investors are slowly coming out of hibernation, as money has begun to move into funds that aim to profit when markets dive. U.S. mutual funds that attempt to profit in More...
Saudi Arabia favors New York for Aramco listing despite risks: sources
DUBAI/RIYADH/LONDON (Reuters) – Saudi Arabia favors New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic More...
U.S. producer prices record biggest drop in 11 months
WASHINGTON (Reuters) – U.S. producer prices unexpectedly fell in July, recording their biggest drop in nearly a year and pointing to a further moderation in inflation that could delay a Federal Reserve interest More...
Wall Street slips as rising North Korea tensions rattle investors
(Reuters) – U.S. stocks were lower on Wednesday as investors scurried to safe-haven assets after President Donald Trump’s “fire and fury” warning to North Korea escalated tensions with the More...
Fired Google memo writer draws jeers, cheers and a job offer
SAN FRANCISCO/NEW YORK (Reuters) – The male Google engineer fired for circulating a memo decrying the company’s diversity hiring program became the center of a heated debate on sexism, drawing scorn, More...
Wall Street ends higher as Dow edges to latest record
NEW YORK (Reuters) – The Dow edged up to its ninth record closing high in a row while the S&P ended slightly higher on Monday, with consumer and technology sector gains offsetting losses in energy. Yet More...
Asia stocks, dollar get boost from firm Wall Street, U.S. jobs
SINGAPORE (Reuters) – Asian stocks advanced on Monday, taking their cue from Wall Street’s strong end to the previous week, while the dollar finally pulled ahead after stronger-than-expected jobs growth More...
Amazon shadow looms large ahead of retail earnings
NEW YORK (Reuters) – As old and new Amazon.com (AMZN.O) competitors gear up to report earnings, investors are eager to know how they plan to withstand the growth of the No. 1 online retailer. So far this More...
'Pharma bro' Shkreli convicted of fraud in U.S. court, assails 'witch hunt'
NEW YORK (Reuters) – A U.S. jury convicted Martin Shkreli, the brash former drug company and hedge fund executive, on Friday of defrauding investors in hedge funds he ran years before he gained fame for jacking More...