Latest Business News
Stock futures rise as China seeks to soothe global markets
(Reuters) - U.S. stock index futures were higher on Thursday after China's central bank said there was no basis for further depreciation of the yuan and as oil prices rose.
13 Aug 2015 07:57 - Share
China central bank tries to soothe global markets, says no reason for yuan to fall further
BEIJING/SHANGHAI (Reuters) - China's central bank said on Thursday there was no reason for the yuan to fall further given the country's strong economic fundamentals, in a bid to reassure jittery global markets after it devalued the currency earlier in the week.
13 Aug 2015 06:48 - Share
Lenovo faces Motorola hangover, cuts 3,200 jobs as sales slide, profit tumbles
BEIJING (Reuters) - China's Lenovo Group Ltd will lay off 10 percent of white-collar staff after sales of Motorola handsets fell by a third, raising doubts over the personal computer giant's bet that a money-losing brand it bought for nearly $3 billion will help it become a global smartphone leader.
13 Aug 2015 03:57 - Share
U.S.-China aviation talks hit stumbling block on airport access
BEIJING/NEW YORK (Reuters) - Talks to ease limits on flights between the United States and China's gateway cities have stalled over U.S. fears its airlines will be given less attractive time slots for take-off and landing than their Chinese rivals, people familiar with the negotiations said.
13 Aug 2015 05:15 - Share
Tesla seeks to raise about $500 million through sale of shares
(Reuters) - Electric-car maker Tesla Motors Inc said it planned to raise about $500 million through the sale of 2.1 million shares.
13 Aug 2015 07:41 - Share
Roche buys 'superbug' diagnostics firm for up to $425 million
(Reuters) - Roche is buying U.S. diagnostics firm GeneWEAVE BioSciences for up to $425 million, expanding the Swiss group's commitment to fighting so-called "superbugs" as the threat from drug-resistant microbes grows.
13 Aug 2015 03:16 - Share
China efforts to slow yuan fall hoist Europe shares, bond yields
LONDON (Reuters) - European shares rallied on Thursday as calm returned to global markets after China's central bank said there was no basis for further depreciation of its yuan currency following a sharp devaluation this week.
13 Aug 2015 07:18 - Share
Strong U.S. sales help Cisco beat estimates
(Reuters) - Network equipment maker Cisco Systems Inc reported higher-than-expected quarterly revenue and profit as strong demand for its products in the United States more than offset weakness elsewhere.
12 Aug 2015 18:40 - Share
As Macy's eyes China, some see need for more focus at home
(Reuters) - Macy's Inc's plan to open a virtual store on Alibaba offers a cheap way into China, but as the latest in a long list of initiatives to spur growth it could spread management thin.
12 Aug 2015 21:21 - Share
Alibaba skids as revenue growth slowest in three years
BEIJING (Reuters) - Alibaba Group Holding Ltd's shares fell to a record low after China's biggest e-commerce company posted its slowest revenue growth in over three years as its strategy to shift more services to mobile devices hurt advertising sales.
12 Aug 2015 18:26 - Share
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