Business

NEW YORK (Reuters) – Uber Technologies Inc (UBER.N) and Lyft Inc (LYFT.O), the two leading U.S. ride-hailing companies, are on divergent paths as Uber pours money into money-losing side businesses while smaller rival Lyft focuses on moving people around. FILE PHOTO – A banner announcing the IPO of Uber Technologies Inc. hangs outside the New
0 Comments
KUALA LUMPUR (Reuters) – Malaysian Prime Minister Mahathir Mohamad said on Thursday payments received to offset the costs of a high-value order could not be constituted as a bribe. FILE PHOTO: Malaysia’s Prime Minister Mahathir Mohamad looks on during an interview with Reuters in Putrajaya, Malaysia, December 10, 2019. REUTERS/Lim Huey Teng Mahathir was replying
0 Comments
NEW YORK (Reuters) – The dollar gained and a gauge of global equity markets surged for a third day as expectations of more central bank stimulus and media reports that suggest scientists are closing in on a vaccine for the deadly coronavirus boosted sentiment. U.S Treasury yields rose as traders welcomed early reports that a
0 Comments
LONDON (Reuters) – Expectations of more central bank stimulus lifted world stocks to their highest in more than a week on Wednesday, helping investors look past a mounting coronavirus death toll and policymakers’ concerns for the disease’s economic impact. FILE PHOTO: Investors sit in front of a board showing stock information at a brokerage house
0 Comments
(Reuters) – Some companies have warned that a coronavirus outbreak in China could disrupt supply chains or hurt bottom lines as factories and shops shut and airlines suspend flights. FINANCIAL IMPACT: * Electrolux said the epidemic could have a material impact if its Chinese suppliers were further affected and that it was implementing contingency plans.
0 Comments
People walk past a branch of Swiss bank Julius Baer in Zurich, Switzerland February 3, 2020. REUTERS/Arnd Wiegmann ZURICH (Reuters) – Julius Baer (BAER.S) will cut 300 jobs this year, its chief executive said on Monday, as the Swiss wealth manager looks to boost profitability after a double-digit percentage earnings fall during 2019. The private
0 Comments