Disney+ streaming service has reached 10 million sign-ups since launching on November 12

Disney+ streaming service has reached 10 million sign-ups since launching on November 12
FILE PHOTO: A man looks at his phone as he passes by a screen advertising Walt Disney’s streaming service Disney+ in New York City, U.S., November 12, 2019. REUTERS/Brendan McDermid (Reuters) – Walt Disney Co on Wednesday said its new streaming service, Disney+, has reached 10 million sign-ups since launching on Nov. 12. Reporting by Helen Coster Read More

Wall Street edges higher as Fed’s Powell testifies before Congress

Wall Street edges higher as Fed’s Powell testifies before Congress
(Reuters) – Wall Street’s main indexes turned slightly higher on Wednesday as Federal Reserve Chair Jerome Powell said the central bank saw a “sustained expansion” ahead for the U.S. economy. A screen broadcasts the House Intelligence Committee hearing as part of the impeachment inquiry into U.S. President Donald Trump, as traders work on the floor at the New York Stock... Read More

Visa, Mastercard draw FTC inquiry over debit card transactions: Bloomberg Law

Visa, Mastercard draw FTC inquiry over debit card transactions: Bloomberg Law
FILE PHOTO – A Mastercard logo is seen on a credit card in this picture illustration August 30, 2017. REUTERS/Thomas White/Illustration (Reuters) – The Federal Trade Commission (FTC) is conducting a preliminary inquiry on Visa Inc (V.N) and Mastercard Inc (MA.N) over policies that can prohibit merchants from routing card transactions through other debit networks, Bloomberg Law reported on Wednesday,... Read More

Oil is our gold and we aim to use all of it, ADNOC official says

Oil is our gold and we aim to use all of it, ADNOC official says
ABU DHABI (Reuters) – Abu Dhabi National Oil Co aims to exhaust its vast oil and gas reserves even as many consumers switch to cleaner sources of energy, a senior executive in the Gulf oil company said. FILE PHOTO: A general view of ADNOC headquarters in Abu Dhabi, United Arab Emirates May 29, 2019. REUTERS/Christopher Pike/File Photo The world’s transition... Read More

Alibaba’s Jack Ma says Singles’ Day shopping results miss expectations

Alibaba’s Jack Ma says Singles’ Day shopping results miss expectations
Alibaba Group Holding Ltd Executive Chairman Jack Ma attends the World Artificial Intelligence Conference (WAIC) with Tesla Inc CEO Elon Musk (not pictured) in Shanghai, China, August 29, 2019. REUTERS/Aly Song/File Photo SHANGHAI (Reuters) – Alibaba Group Holding Inc co-founder Jack Ma said on Wednesday results from the Singles’ Day annual online shopping festival had missed the Chinese e-commerce giant’s... Read More

Alibaba launches $13.4 billion Hong Kong listing to fund expansion

Alibaba launches $13.4 billion Hong Kong listing to fund expansion
HONG KONG (Reuters) – Chinese e-commerce giant Alibaba Group launched the share sale for its Hong Kong listing on Wednesday, braving unrest in the global financial hub to try to raise up to $13.4 billion to fund its expansion plans. The books for institutional investors looking to buy the shares opened during the New York trading session on Wednesday. A... Read More

UBS boss Ermotti fears Europe’s banks ‘too small to survive’

UBS boss Ermotti fears Europe’s banks ‘too small to survive’
FILE PHOTO – Sergio Ermotti, CEO of UBS gestures during a panel discussion at the Swiss-American Chamber of Commerce in Zurich, Switzerland January 18, 2019. REUTERS/Arnd WIegmann ZURICH (Reuters) – UBS Group (UBSG.S) Chief Executive Sergio Ermotti on Wednesday said banking consolidation, especially in Europe, is unavoidable in coming years as institutions must achieve critical mass to remain competitive. Ermotti,... Read More

Google to offer checking accounts next year: source

Google to offer checking accounts next year: source
FILE PHOTO: The logo of Google is seen at the high profile startups and high tech leaders gathering, Viva Tech,in Paris, France May 16, 2019. REUTERS/Charles Platiau/File Photo (Reuters) – Alphabet Inc’s (GOOGL.O) Google will offer personal checking accounts from sometime next year in partnership with Citigroup Inc (C.N) and a small credit union at Stanford University, a source familiar... Read More