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Asian markets mixed after Fed minutes, eyes on Powell

HONG KONG, Aug 22 — Asian markets stuttered today but dealers remain wary following the release of Federal Reserve minutes that provided a mixed bag, with a speech by its chair at the end of the week the key point of focus. Donald Trump provided…


CBS shareholders to get slight premium from Viacom deal, say sources

NEW YORK, Aug 12 — CBS Corp and Viacom Inc are in the final stages of negotiating an all-stock merger that values Viacom at a discount to its closing price on Friday, two sources told Reuters. Shares of CBS fell 0.2 per cent to US$48.81, while…


New ‘coliving’ housing option spreads its wings in New York

NEW YORK, Aug 12 — Nandita Iyer landed in New York from Bombay without knowing anyone, but she didn’t want to live alone in a “sketchy studio.” So instead she opted for a room in a “coliving” unit. She lives with roommates in one of the…


Wall Street end down amid more trade woes, high volatility

NEW YORK, Aug 10 — US stocks fell yesterdayfollowing renewed jitters over the US-China trade war, capping a week of trading that saw big swings and high volume. President Donald Trump said the United States and China were pursuing trade talks but…


Wall Street slips as Huawei report adds to trade concerns

NEW YORK, Aug 9 — US stocks edged lower today after rebounding strongly a day earlier, as investors grappled with fresh trade tensions, political turmoil in Italy and a surprise contraction in Britain’s economy. Shares of chipmakers and other…


Wall Street soars, with tech leading the advance

NEW YORK, Aug 9 ― US stocks jumped yesterday, led by a more than 2 per cent gain in technology shares, while better-than-expected economic data in the United States and China helped to offset worries about the trade war. The S&P 500 technology…


Wall Street gains on upbeat data, firming yuan

NEW YORK, Aug 8 — US stocks rose today as better-than-expected domestic and Chinese data as well as a steadying yuan offered some comfort to investors rattled by an escalation in trade tensions. However, the consumer staples sector came under…


Wall Street set to open higher on upbeat China data, firming yuan

NEW YORK, Aug 8 — Wall Street was set to open higher today as better-than-expected trade data from China and a steadying of its currency offered some comfort to investors rattled by an escalation in trade tensions and signals pointing to a…


How a shadow banking crisis sent India’s autos sector into a tailspin

MUMBAI, Aug 4 — Sudhir Gharpure and his sales team sat chatting at a big Maruti Suzuki dealership on the outskirts of Mumbai some two hours after its doors were opened on a recent Saturday morning — not a single customer was in sight. “There…


Uber cuts marketing staff to reduce costs

SAN FRANCISCO, July 30 — Uber yesterday confirmed it is cutting 400 jobs from its marketing team of more than 1,200 workers to reduce costs and improve efficiency. Uber chief executive Dara Khosrowshahi and marketing team boss Jill Hazelbaker…