Business News

METALS-Shanghai metals edges lower; copper on course for weekly rise

Reuters Company News - 2 hours 41 min ago
Most Shanghai base metal prices drifted lower on Friday as traders were away in Europe and parts of Asia for the Good Friday holiday, while the London Metal Exchange was closed until Tuesday. Copper on the Shanghai Futures Exchange (ShFE) was down 0.5 percent by the end of the morning but still on course to end the week up 0.6 percent after positive macro data from top metals consumer China, whose first-quarter GDP growth beat
Categories: Business News

HNA denies embezzlement claims as it fights for control of Hong Kong Airlines

Reuters Biz News - Thu, 04/18/2019 - 23:47
Embattled Chinese conglomerate HNA Group has denied accusations of embezzlement and financial irregularity made by a rival group of shareholders in Hong Kong Airlines (HKA) as the two sides fight for control of the struggling carrier.
Categories: Business News

UPDATE 2-Hyundai hires former Ghosn ally Munoz as global COO, Americas head

Reuters Company News - Thu, 04/18/2019 - 23:40
* Munoz quit as Nissan China head in Jan; previously US chief
Categories: Business News

America’s first woman astronaut candidate dead at 88 - Fox News

Google Technology - Thu, 04/18/2019 - 23:00
America’s first woman astronaut candidate dead at 88  Fox News

America's first female astronaut candidate, pilot Jerrie Cobb, who pushed for equality in space but never reached its heights, has died.

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Categories: Business News

Southern California hit by tiny earthquakes every 3 minutes, study finds - KABC-TV

Google Technology - Thu, 04/18/2019 - 22:59
Southern California hit by tiny earthquakes every 3 minutes, study finds  KABC-TV

There's a whole lot of shakin' going on in Southern California - 10 times more than seismologists had thought. But most of those earthquakes are so tiny that no ...

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Categories: Business News

Nikkei buoyed by cyclical stocks; Nintendo jumps 16 pct

Reuters Company News - Thu, 04/18/2019 - 22:56
Japan's Nikkei rose on Friday morning as Wall Street gains raised risk appetite and lifted cyclical stocks, while Nintendo jumped after Tencent won approval to sell its Switch console in China.
Categories: Business News

METALS-Shanghai copper drifts lower but set to end week higher

Reuters Company News - Thu, 04/18/2019 - 22:22
Shanghai copper prices drifter lower in morning session as the Good Friday holiday saw traders in Europe and parts of Asia sit out of the market, while the London Metal Exchange is closed until Tuesday. The metal nonetheless remains on course to end the week up 0.4 percent in Shanghai after positive macro data from top metals consumer China, whose first-quarter GDP growth beat expectations. FUNDAMENTALS * COPPER: The most-traded June coppe
Categories: Business News

Nissan to cut global production by 15 percent: Nikkei

Reuters Biz News - Thu, 04/18/2019 - 22:14
Nissan Motor Co Ltd will cut global production by about 15 percent for the current fiscal year ending March 2020, as it shifts away from the aggressive expansion campaign promoted by former Chairman Carlos Ghosn, the Nikkei newspaper reported on Friday.
Categories: Business News

National Enquirer to be sold to owner of magazine distributor

Reuters Biz News - Thu, 04/18/2019 - 22:11
American Media Inc (AMI) said on Thursday it was selling its National Enquirer tabloid to James Cohen, whose family owns a magazine distributor and used to own the Hudson chain of airport newsstands.
Categories: Business News

UPDATE 2-Nissan to cut global production by 15 percent - Nikkei

Reuters Company News - Thu, 04/18/2019 - 22:10
* Shares down 1.2 pct vs 0.6 pct rise in broader market (Adds Nissan comments)
Categories: Business News

Oil prices inch up on signs of tighter global supply

Reuters Biz News - Thu, 04/18/2019 - 21:51
Oil futures edged up on Thursday as a drop in crude exports from OPEC's de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices.
Categories: Business News

Uber's self-driving unit valued at $7.25 billion in new investment

Reuters Biz News - Thu, 04/18/2019 - 21:49
Uber's autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering.
Categories: Business News

UPDATE 1-Uber's self-driving unit valued at $7.25 bln in new investment

Reuters Company News - Thu, 04/18/2019 - 21:48
Uber's autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering.
Categories: Business News

UPDATE 10-Oil prices inch up on signs of tighter global supply

Reuters Company News - Thu, 04/18/2019 - 21:48
* U.S. inventories last week drop for first time in four weeks
Categories: Business News

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