Asian shares tick up, aim for second week of gains amid virus scare

Asian shares tick up, aim for second week of gains amid virus scare
TOKYO (Reuters) – Asian shares edged up on Friday, on course to post the second straight week of gains, helped by hopes governments will make provisions to soften the impact on their economies from the coronavirus epidemic. FILE PHOTO – Pedestrians wearing facial masks are reflected on an electric board showing stock prices outside a brokerage at a business district... Read More

Tesla to recall 3,183 Model X vehicles in China: market regulator

Tesla to recall 3,183 Model X vehicles in China: market regulator
FILE PHOTO: A Tesla Model X electric car is seen at Brussels Motor Show, Belgium, January 9, 2020. REUTERS/Francois Lenoir/File Photo BEIJING (Reuters) – Tesla Inc (TSLA.O) will recall 3,183 Model X vehicles in China, because of a potential issue that could make steering harder and increase the risk of a crash, according to the country’s market regulator. Tesla will... Read More

Woodside holds on to stake in Senegal oil field as FAR challenge fails

Woodside holds on to stake in Senegal oil field as FAR challenge fails
(Reuters) – ConocoPhillips’ (COP.N) sale of a stake in a $4.2 billion Senegal oil and gas project to Woodside Petroleum (WPL.AX) has been cleared by an international tribunal, resolving a long-running challenge by Australian partner FAR Ltd (FAR.AX). FILE PHOTO: The shadow of a man is cast onto a poster displaying the logo for Woodside Petroleum, Australia’s top independent oil... Read More

Walmart’s Mexico unit blames government cash aid, as revenue rise slowest in three quarters

Walmart’s Mexico unit blames government cash aid, as revenue rise slowest in three quarters
MEXICO CITY (Reuters) – Walmart de Mexico (WALMEX.MX), Mexico’s biggest retailer, reported on Thursday its slowest revenue growth in three quarters, with its core supermarket chain hit by competition after the government altered a welfare spending programme. FILE PHOTO – A cashier works inside a Walmart store in Mexico City, Mexico March 28, 2019. REUTERS/Edgard Garrido Walmex, as the unit... Read More

Walmart’s Mexico unit blames government cash aid, as revenue rise slowest in 3 quarters

Walmart’s Mexico unit blames government cash aid, as revenue rise slowest in 3 quarters
MEXICO CITY (Reuters) – Walmart de Mexico (WALMEX.MX), Mexico’s biggest retailer, reported on Thursday its slowest revenue growth in three quarters, with its core supermarket chain hit by competition after the government altered a welfare spending programme. FILE PHOTO – A cashier works inside a Walmart store in Mexico City, Mexico March 28, 2019. REUTERS/Edgard Garrido Walmex, as the unit... Read More

Shares step back as hopes of early end to coronavirus fade

Shares step back as hopes of early end to coronavirus fade
TOKYO (Reuters) – Global shares eased on Friday, as investors were spooked by a sharp rise in the number of coronavirus cases in China this week while oil prices extended gains on hopes of more production cuts. FILE PHOTO – Pedestrians wearing facial masks are reflected on an electric board showing stock prices outside a brokerage at a business district... Read More

Nvidia forecast tops expectations on cloud sales despite coronavirus hit

Nvidia forecast tops expectations on cloud sales despite coronavirus hit
(Reuters) – Nvidia Corp (NVDA.O) on Thursday forecast first-quarter revenue that topped Wall Street expectations, powered by sales of its chips to cloud computing vendors, even as it projected a $100 million hit from the coronavirus outbreak. FILE PHOTO – The nVIDIA booth is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017.... Read More

FTC antitrust victory on Qualcomm questioned by appeals court

FTC antitrust victory on Qualcomm questioned by appeals court
(Reuters) – The U.S. government’s antitrust victory over chip supplier Qualcomm Inc drew tough questions for the Federal Trade Commision from a panel of three appellate judges in San Francisco on Thursday. FILE PHOTO: A Qualcomm sign is pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. REUTERS/Aly Song/File Photo The U.S. 9th Circuit Court of Appeals... Read More