Today News


UPDATE 8-Oil dips as Wall Street dives; tensions over Iran support crude

NEW YORK (Reuters) - Oil prices slipped on Monday as Wall Street slid more than 1 percent and energy market investors remained wary of growing crude supply, although tensions between Saudi Arabia and Iran gave prices some support.


UK wins Brexit transition deal in return for Irish vow

Reuters / World

Britain and the European Union have agreed to a transition period to avoid a "cliff edge" Brexit next year - though only after London accepted a potential solution for Northern Ireland's land border that may face stiff opposition at home.…


Global stocks sink in worst slide since November; eyes on Fed meeting

NEW YORK, 2018 - U.S. stocks joined a broad decline in global equity markets on Monday as traders turned cautious ahead of the Federal Reserve's policy meeting this week and amid continuing concerns about the threat of a global trade war.


U.S. blocks use of Venezuela's digital currency: White House

WASHINGTON (Reuters) - U.S. President Donald Trump on Monday blocked the use of Venezuelan cryptocurrencies through an executive order prohibiting such transactions by those in the United States, the White House said in a statement.



Sterling gains as Britain, EU seal Brexit transition deal

LONDON (Reuters) - Sterling surged on Monday as Britain and the European Union agreed on a post-Brexit transition period and said that their divorce treaty would include an emergency “backstop” to avoid a hard border in Ireland. FILE PHOTO…


Shinzo Abe takes blame for loss of trust over scandal as polls dive

Reuters / UK / World

Japanese Prime Minister Shinzo Abe, his popularity plunging amid a cronyism scandal, takes responsibility for a loss of trust in his government but denies he or his wife had intervened in a land sale to a school operator with ties to his…


Sterling gains on Brexit optimism at start of pivotal week

LONDON, March 19 (Reuters) - Sterling gained on Monday ahead of a pivotal week in which Britain expects to agree a transition deal with the European Union for the period immediately after it leaves the bloc, and the Bank of England…


Australia's CBA in widespread insurance mis-selling, inquiry finds


SYDNEY (Reuters) - Commonwealth Bank of Australia sold credit card insurance to about 64,000 customers who were not eligible to claim against it, including students and pensioners, an inquiry into Australia's financial sector heard on…


Exclusive: 'Where can I buy?' - Google makes push to turn product searches into cash

Reuters / Technology

NEW YORK (Reuters) - Alphabet Inc's Google routinely fields product queries from millions of shoppers. Now it wants to take a cut of their purchases, too.


Baidu video streaming unit iQiyi launches $2.4 billion U.S. IPO

Reuters / UK

(Reuters) - Chinese video streaming service provider iQiyi Inc, a unit of search engine giant Baidu Inc, has launched an initial public offering in New York worth up to $2.4 billion, seeking to expand its range of content.


Ten years after crash, Americans still have not fallen back in love with stocks


NEW YORK (Reuters) - Luke Thomas, 44, an information technology field manager who lives in Miami, began investing in the U.S. stock market in his early 20s, attracted by the prospect of learning “how...

UK aerospace industry could be priced out after Brexit - lawmakers

LONDON (Reuters) - Britain's aerospace industry would be badly damaged if the country leaves the European Union without a free trade deal and any divergence from EU rules would be “utterly self-defeating”, a committee of lawmakers said.…

Sunday, Mar 18


G20 watchdog focuses on rules review, holds fire on cryptocurrencies

LONDON (Reuters) - The global watchdog that drove through a welter of banking and market reforms after the financial crisis said it will pivot more toward reviewing existing rules and away from designing new ones.


Analysis: Investors eye currencies for those most at risk in a trade war

LONDON (Reuters) - Foreign exchange markets appear convinced that a global trade war is unlikely to break out anytime soon, although with long bets on some currencies at record highs, investors fear complacency may be setting in.

Saturday, Mar 17


CACI seeks to break up General Dynamics' acquisition of CSRA


(Reuters) - U.S. defense contractor CACI International Inc said on Sunday it had offered to merge with larger peer CSRA Inc, seeking to disrupt the latter’s $6.8 billion acquisition by General Dynamics Corp. The move comes after CSRA…


UPDATE 2-Former Qualcomm chairman Jacobs to exit board of directors

Reuters / Technology

(Reuters) - Qualcomm Inc on Friday said former executive chairman Paul Jacobs would not be renominated for the U.S. semiconductor company's board after Jacobs disclosed his intention to pursue a long-shot acquisition of the firm.

Friday, Mar 16


U.S. industrial output soars; housing starts fall

WASHINGTON (Reuters) - U.S. industrial production surged in February, boosted by strong increases in output at factories and mines, but the economic outlook for the first quarter was dimmed by a larger-than-expected plunge in homebuilding…

Thursday, Mar 15


Largest U.S. radio company iHeartMedia files for bankruptcy


(Reuters) - IHeartMedia Inc filed for Chapter 11 bankruptcy on Thursday as the largest U.S. radio station owner reached an agreement with creditors to more than halve its $20 billion in debt.

UPDATE 2-With Qualcomm saga behind it, Broadcom tops estimates

Reuters / Technology

(Reuters) - Broadcom Ltd's quarterly results topped estimates on Thursday on robust demand for its chips from smartphone makers, at a time when investors are closely watching the company's next moves after its bid for fellow chipmaker…


Take Five - World markets themes for the week ahead

LONDON (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. The U.S. Federal Reserve’s first meeting with new head Jerome Powell at the…


Wall Street edges higher as industrial stocks attempt recovery

Reuters / Markets

(Reuters) - Wall Street's main indexes edged higher on Thursday as industrial stocks gained following three days of losses due to fears of trade war between China and the United States.



Global stocks retreat, bonds advance as simmering trade woes curb risk appetite

Reuters / Finance

TOKYO (Reuters) - Stock markets slipped broadly on Thursday while government bonds attracted safe-haven demand amid mounting investor concerns that growing trade tensions would hurt the global economy.

Wednesday, Mar 14


Wall St falls on renwed trade war fears

Reuters / Finance

U.S. stocks fell Wednesday after President Donald Trump sought to impose fresh tariffs on China. Fred Katayama reports.


GLOBAL MARKETS-Global political tensions flatten yields, roil stocks

Political tensions in U.S. and Europe drive stocks, yields


FTSE gives up gains as trade war worries irk Wall Street

LONDON (Reuters) - British shares gave up early gains and finished in negative territory on Wednesday as points gained by Prudential and mining stocks were overturned by simmering fears of a global trade war that pushed Wall Street into…


Dollar struggles after Tillerson departure strikes down recovery

TOKYO (Reuters) - The dollar wallowed against the yen and other major currencies on Wednesday after the sudden dismissal of U.S. Secretary of State Rex Tillerson killed off an earlier bounce in the currency. U.S. President Donald Trump…


Trump tech tariff threat overshadows strong China factory, investment data

Reuters / UK / Markets

BEIJING (Reuters) - China's industrial output grew more strongly than expected at the start of the year, suggesting the economy has sustained solid momentum even as U.S. President Donald Trump readies hefty tariffs against one its most…

Tuesday, Mar 13


Dollar slides after in-line U.S. inflation data, Tillerson ouster

The dollar also lost traction after U.S. President Donald Trump fired Secretary of State Rex Tillerson and replaced him with Central Intelligence Agency Director Mike Pompeo, marking the biggest shakeup of the administration’s Cabinet.…