Category: Business

WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross said on Monday the U.S. government will extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, even as nearly 50 of its units were being added to a U.S. economic blacklist.…

(Reuters) – U.S. stocks surged on Monday on growing hopes that major economies would act to stymie the slowing economic effects of escalating global trade tensions, while technology stocks rose led by a nearly 3% gain in Apple’s shares. China’s central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs…

WASHINGTON (Reuters) – U.S. President Donald Trump and top White House officials dismissed concerns that economic growth may be faltering, saying on Sunday they saw little risk of recession despite a volatile week on global bond markets, and insisting their trade war with China was doing no damage to the United States. “We’re doing tremendously…

(Reuters) – Walt Disney Co said on Monday it will launch its Disney+ video streaming service in Canada and the Netherlands on Nov. 12, the same date as its previously announced United States launch. Disney+ will also launch in Australia and New Zealand a week later, the company said in a statement, adding that the…

LONDON (Reuters) – Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemen’s Houthi forces and as traders looked for signs of progress in U.S.-China trade negotiations. Price gains were, however, capped to some degree by an unusually downbeat OPEC report that stoked concerns about growth in oil…

LONDON (Reuters) – Europe’s two biggest suppliers of pipeline gas, Norway’s Equinor and Russia’s Gazprom, have lost market share for the first time in at least four years amid a tripling in liquefied natural gas (LNG) imports into the region over the past 10 months. LNG imports into Europe have jumped amid lower than expected…

(Reuters) – Microsoft Corp (MSFT.O) said on Monday it will use chipmaker Nvidia Corp’s (NVDA.O) real-time ray tracing technology to provide the software company’s Minecraft video game players more realistic graphics on personal computers. Real-time ray tracing, or the ability for the chip to simulate how light rays will bounce around in a visual scene,…

HONG KONG/SINGAPORE (Reuters) – Cathay Pacific Ltd (0293.HK) needs to focus on safety and security, its customers and the completion of a three-year financial turnaround plan, the airline’s new chief executive told staff on Monday. Augustus Tang took the top job at the airline following the sudden exit of Rupert Hogg on Friday amid mounting…

NEW YORK/SAN FRANCISCO (Reuters) – Alphabet Inc’s Google has shut down a service it provided to wireless carriers globally that showed them weak spots in their network coverage, people familiar with the matter told Reuters, because of Google’s concerns that sharing data from users of its Android phone system might attract the scrutiny of users…

(Reuters) – U.S. e-cigarette maker Juul Labs Inc has raised $325 million in an equity and debt offering to speed up its global reach at a time of intense regulatory scrutiny in its home market. The company did not break out the ratio of equity and debt offered, but a source familiar with the matter…