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Updated: 2 hours 49 min ago

Bitcoin extends losses, down more than 20% to below $6,300

Fri, 05/17/2019 - 04:52
The price of bitcoin sank almost 20% on Friday, an abrupt move after a strong recovery in the crypto-currency in recent weeks that took it to 10-month highs.
Categories: Financial Media

Global private equity firms to bid for Hitachi's chemical unit: sources

Fri, 05/17/2019 - 04:48
Global private equity firms Bain Capital, Carlyle Group and KKR & Co are among potential bidders for Japanese conglomerate Hitachi Ltd's chemical unit, three people familiar with the situation told Reuters.
Categories: Financial Media

Singapore Airlines says its order for 31 Boeing 737 MAX jets 'intact'

Fri, 05/17/2019 - 04:35
Singapore Airlines CEO Goh Choon Phong said on Friday that an order for 31 737 MAX jets from Boeing remains "intact", despite deadly crashes involving the aircraft.
Categories: Financial Media

Oil rises as Middle East tensions mounts, set for weekly gains

Fri, 05/17/2019 - 04:15
Oil prices rose again on Friday and were on track for the first weekly gains this month, as rising tensions in the Middle East stoked fears of supply disruptions.
Categories: Financial Media

Asian shares feeling blue as Shanghai turns red

Fri, 05/17/2019 - 03:58
Asian shares were struggling to end a bleak week in the black on Friday as upbeat U.S. economic news and solid company earnings offered only a fleeting respite from the interminable Sino-U.S. trade dispute.
Categories: Financial Media

U.S. trade war will only make us stronger, China's top paper says

Fri, 05/17/2019 - 03:32
The trade war with the United States will only make China stronger and will never bring the country to its knees, the Communist Party's People's Daily wrote in a front page commentary that evoked the patriotic spirit of past wars.
Categories: Financial Media

Huawei's Hisilicon says it has long been preparing for U.S. ban scenario

Fri, 05/17/2019 - 03:28
Huawei subsidiary Hisilicon said that it had long been anticipating the possibility that the firm could one day be unable to obtain chips and technology from the United States and had prepared to soften any impact.
Categories: Financial Media

Oil extends gains into fourth straight day on Middle East tensions

Fri, 05/17/2019 - 02:19
Oil prices edged higher on Friday, extending gains into a fourth session as rising tensions in the Middle East stoked fears of potential supply disruptions.
Categories: Financial Media

Nissan's Saikawa to stay on as president, Renault chief to join board: sources

Fri, 05/17/2019 - 02:19
Japan's Nissan Motor Co will keep Hiroto Saikawa on as president and will bring in the chief executive of alliance partner Renault SA as a board member, two sources briefed on the matter said on Friday.
Categories: Financial Media

Japan Finance Minister Aso says Huawei ban could affect Japanese firms

Fri, 05/17/2019 - 01:54
A U.S. bid to block China's Huawei Technologies from buying vital American technology could affect Japanese companies and weigh on economic growth, Japanese Finance Minister Taro Aso said on Friday.
Categories: Financial Media

U.S. recession risk rises as U.S.-China trade tensions heat up: Reuters poll

Fri, 05/17/2019 - 01:47
Over the last month the U.S.-China trade war has boosted the risk of a U.S. recession, say a strong majority of economists polled by Reuters, who now put the chances of that happening in the next two years at 40%.
Categories: Financial Media

Asian shares struggle for footing after tough week

Fri, 05/17/2019 - 01:30
Asian shares were trying to end a bleak week in the black on Friday as upbeat U.S. economic news and solid company earnings offered a respite from the interminable Sino-U.S. trade saga.
Categories: Financial Media

China's Huawei restricted from using U.S. suppliers

Fri, 05/17/2019 - 00:23
The Trump administration on Thursday officially added China's Huawei Technologies Co Ltd to a trade blacklist, immediately enacting restrictions that will make it extremely difficult for the telecom giant to do business with U.S. companies.
Categories: Financial Media

Pinterest shares plummet on disappointing 2019 revenue forecast

Fri, 05/17/2019 - 00:13
Pinterest Inc on Thursday forecast 2019 revenue broadly in line with Wall Street targets, disappointing investors who had expected more from the freshly public, high flying stock, and sending its shares down 16 percent.
Categories: Financial Media

Musk to review all of Tesla's expenses in new cost cutting plan

Fri, 05/17/2019 - 00:09
Tesla Inc Chief Executive Officer Elon Musk told employees on Thursday that he will increase scrutiny of the company's expenses in his latest initiative to cut costs at the electric car maker.
Categories: Financial Media

Delta, United poised for most new slots at Tokyo's Haneda airport

Thu, 05/16/2019 - 23:52
Delta Air Lines and United Airlines are poised to win the most new daytime slots at Tokyo's Haneda International Airport in time for the 2020 Summer Olympics, according to a U.S. Department of Transportation statement on Thursday.
Categories: Financial Media

Bayer bets on 'silver bullet' defense in Roundup litigation; experts see hurdles

Thu, 05/16/2019 - 22:56
Bayer AG plans to argue that a $2 billion jury award and thousands of U.S. lawsuits claiming its glyphosate-based weed killer Roundup causes cancer should be tossed because a U.S. regulatory agency said the herbicide is not a public health risk.
Categories: Financial Media

Boeing completes 737 MAX software update, working on pilot training plan

Thu, 05/16/2019 - 22:30
Boeing Co said on Thursday it had completed a software update for its 737 MAX jets, which have been grounded worldwide since March after they were involved in two fatal crashes.
Categories: Financial Media

Wall St. rises for third straight day on data, earnings

Thu, 05/16/2019 - 21:43
Wall Street closed higher on Thursday as upbeat earnings and strong economic data put investors in a buying mood, with technology companies leading the charge.
Categories: Financial Media

Huawei ban clouds U.S.-China trade talks, tech sector

Thu, 05/16/2019 - 21:40
A U.S. bid to block China's Huawei Technologies from buying vital American technology threw into question prospects for sales at some of the largest tech companies and drew a sharp rebuke from Beijing, which said the move could hurt trade talks.
Categories: Financial Media