Asia stocks cautious before Fed, oil on defensive

Asia stocks cautious before Fed, oil on defensive
TOKYO (Reuters) – Investor caution ahead of the Federal Reserve’s interest rate meeting capped Asian stocks on Tuesday, while crude oil prices retreated as global growth worries overshadowed supply concerns stemming from recent Middle East tensions. A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China February 13,... Read More

Asia stocks capped ahead of Fed, oil on defensive

Asia stocks capped ahead of Fed, oil on defensive
TOKYO (Reuters) – Investor caution ahead of the Federal Reserve’s interest rate meeting capped Asian stocks on Tuesday, while crude oil prices retreated as global growth worries overshadowed supply concerns stemming from recent Middle East tensions. A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China February 13,... Read More

U.S. settles antitrust charges with Fox, CBS, Scripps, Cox, Tegna

U.S. settles antitrust charges with Fox, CBS, Scripps, Cox, Tegna
FILE PHOTO: A flag flies from the Department of Justice in Washington, U.S., March 24, 2019. REUTERS/Joshua Roberts/File Photo WASHINGTON (Reuters) – The U.S. Justice Department said on Monday it had settled antitrust charges with CBS Corp, Cox Enterprises Inc, E.W. Scripps Co, Fox Corp and Tegna Inc, which were accused of sharing competitively sensitive information. “All five companies are... Read More

Bah humbug! Trump’s plan for more China tariffs to hit festive shoppers

Bah humbug! Trump’s plan for more China tariffs to hit festive shoppers
WASHINGTON/NEW YORK (Reuters) – This year’s holiday season could be tighter for many Americans if the U.S. government imposes tariffs on another $300 billion worth of Chinese imports – because that will include tech products, game consoles, toys, cribs, ornaments and Santa hats. FILE PHOTO: Shoppers ride escalators at the Beverly Center mall in Los Angeles, California November 8, 2013.... Read More

Huawei says U.S. ban hurting more than expected, to wipe $30 billion off revenue

Huawei says U.S. ban hurting more than expected, to wipe $30 billion off revenue
HONG KONG (Reuters) – China’s Huawei Technologies Co Ltd has taken a harder-than-expected hit from a U.S. ban, the company’s founder and CEO Ren Zhengfei said, and slashed revenue expectations for the year. Ren’s downbeat assessment that the ban will hit revenue by $30 billion, the first time Huawei has quantified the impact of the U.S. action, comes as a... Read More

Senator Rubio targets Huawei over patents

Senator Rubio targets Huawei over patents
FILE PHOTO: Senator Marco Rubio questions witnesses before the Senate Intelligence Committee hearing about “worldwide threats” on Capitol Hill in Washington, U.S., January 29, 2019. REUTERS/Joshua Roberts/File Photo WASHINGTON (Reuters) – U.S. Senator Marco Rubio filed legislation on Monday that would prevent Huawei Technologies Co Ltd from seeking damages in U.S. patent courts, after the Chinese firm demanded that Verizon... Read More

U.S. firms say China tariffs will raise costs, see few sourcing alternatives

U.S. firms say China tariffs will raise costs, see few sourcing alternatives
WASHINGTON (Reuters) – A wide range of U.S. companies told a hearing in Washington on Monday that they have few alternatives other than China for producing clothing, electronics and other consumer goods as the Trump administration prepares new tariffs on remaining U.S.-China trade. FILE PHOTO: A “Made in USA” label is pictured on the back of a tie Medford, Massachusetts... Read More

Blockchain startup Ripple buys $30 million stake in MoneyGram

Blockchain startup Ripple buys $30 million stake in MoneyGram
FILE PHOTO: The MoneyGram logo is seen on a kiosk in New York, U.S. January 3, 2018. REUTERS/Shannon Stapleton (Reuters) – Blockchain firm Ripple has bought $30 million worth of shares and warrants in MoneyGram International Inc, the two companies said on Monday, as they partner to use Ripple’s product for cross-border payment and foreign exchange settlement. Ripple bought MoneyGram’s... Read More