Oil prices slip, but supported by hopes trade tensions could ease

Oil prices slip, but supported by hopes trade tensions could ease
SINGAPORE (Reuters) – Crude oil prices slipped on Tuesday, but losses were limited as equity markets rallied and as traders hoped Sino-U.S. trade tensions would ease. A crude oil tanker is seen at Qingdao Port, Shandong province, China, April 21, 2019. REUTERS/Jason Lee The United States said it would extend a reprieve that permits China’s Huawei Technologies to buy components... Read More

Asian shares nudge higher on stimulus hopes, recession fears ease

Asian shares nudge higher on stimulus hopes, recession fears ease
TOKYO (Reuters) – Asian shares extended their gains on Tuesday as hopes for stimulus in major economies tempered anxiety about a global recession, helping boost riskier assets and drawing money from safe-havens such as bonds and gold. FILE PHOTO: Passersby are reflected on a stock quotation board outside a brokerage in Tokyo, Japan, August 6, 2019. REUTERS/Issei Kato MSCI’s broadest... Read More

Japan Inc backs Abe’s tough trade stance vs South Korea amid row: Reuters poll

Japan Inc backs Abe’s tough trade stance vs South Korea amid row: Reuters poll
TOKYO (Reuters) – Japanese companies broadly support Prime Minister Shinzo Abe’s tough trade stance against South Korea, a Reuters poll found. FILE PHOTO: Japan’s Prime Minister Shinzo Abe, who is also ruling Liberal Democratic Party leader, speaks at a debate session ahead of July 21 upper house election at the Japan National Press Club in Tokyo, Japan July 3, 2019.... Read More

Judge dismisses turnaround guru’s racketeering case vs McKinsey

Judge dismisses turnaround guru’s racketeering case vs McKinsey
WILMINGTON, Del. (Reuters) – A federal judge dismissed claims on Monday by turnaround pioneer Jay Alix that McKinsey & Co violated racketeering laws when the consulting firm expanded into advising bankrupt U.S. companies. FILE PHOTO: The logo of consulting firm McKinsey and Company is seen at the high profile startups and high tech leaders gathering, Viva Tech,in Paris, France May... Read More

General Electric fortifies defense against charges of bogus accounting

General Electric fortifies defense against charges of bogus accounting
NEW YORK (Reuters) – General Electric Co reinforced its defense of its accounting practices on Monday after investors asked more questions about an unusual research report last week that accused the jet engine and power plant maker of financial fraud. FILE PHOTO: The General Electric Co. logo is seen on the company’s corporate headquarters building in Boston, Massachusetts, U.S. July... Read More

Top U.S. CEOs say companies should put social responsibility above profit

Top U.S. CEOs say companies should put social responsibility above profit
NEW YORK (Reuters) – Corporate America is responsible for providing economic benefits to all, not just its investors, the Business Roundtable group said on Monday. FILE PHOTO: JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative conference in Washington, U.S., April 9, 2019. REUTERS/Jeenah Moon The group’s “statement of corporate purpose” was signed... Read More

Wall Street rallies on hopes of global economic stimulus

Wall Street rallies on hopes of global economic stimulus
NEW YORK (Reuters) – U.S. stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell. The benchmark S&P 500 has recovered most of its losses following Wednesday’s brief inversion of the yield curve between 2-year and 10-year Treasuries,... Read More

U.S. tech industry leaders: French digital service tax harms global tax reform

U.S. tech industry leaders: French digital service tax harms global tax reform
WASHINGTON (Reuters) – Major tech firms and U.S. tech industry groups said on Monday that France’s new digital services tax undermines the global tax regime and multilateral efforts to reform it. FILE PHOTO: The Google logo is pictured at the entrance to the Google offices in London, Britain January 18, 2019. REUTERS/Hannah McKay Alphabet Inc’s (GOOGL.O) Google, Facebook Inc (FB.O)... Read More