CategoryFinance

Asia stocks steady, dollar treads water as investors count down to Fed

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TOKYO (Reuters) - Asian stocks were mostly steady on Wednesday after Wall Street again rose to record highs, although movements were limited as a wait-and-see mood prevailed before the Federal Reserve reveals its monetary policy stance later in the day The Fed is due to announce its decision at 1800 GMT on Wednesday and is widely expected to keep rates unchanged after a two-day meeting but could...

Amazon working on 'smart glasses' as its first wearable device: FT

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FILE PHOTO: The logo of the web service Amazon is pictured in Mexico City, Mexico on June 8, 2017 REUTERS/Carlos Jasso/Illustration/File Photo More (Reuters) - Amazoncom Inc is working on its first wearable device - a pair of 'smart glasses', the Financial Times reported on Wednesday The device, designed like a regular pair of spectacles, will allow Amazon's digital assistant Alexa to be summoned...

Trump takes a jab at the Emmys after threatening to 'destroy North Korea' in first UN speech

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Stephen Colbert Emmys 2017 More (Host Stephen Colbert performs onstage during the 69th Annual Primetime Emmy Awards at Microsoft Theater on September 17, 2017 in Los Angeles, CaliforniaKevin Winter/Getty Images) Two days after celebrities threw verbal jabs at President Donald Trump during the 69th Primetime Emmy Awards, Trump fired back at his critics with a tweet "I was saddened to see how bad...

Oil rises after Iraq signals possible OPEC cut extension

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TOKYO (Reuters) - Oil prices rose on Wednesday after Iraq's oil minister said OPEC and other crude producers were considering extending or even deepening a supply cut to curb a global glut, while a report showed a smaller-than-expected increase in US inventories OPEC and producers including Russia have agreed to reduce output by about 18 million barrels per day until March 2018 in a bid to reduce...

Uber reviews Asia business over bribery allegations in U.S.: Bloomberg

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An Uber motorcycle taxi driver waits for customers next to a shopping mall in Jakarta, Indonesia September 20, 2017 (Reuters) - Uber Technologies Inc [UBERUL], which is the subject of a federal probe into whether it broke bribery laws, has started a review of its Asia operations and notified US officials about payments made by staff in Indonesia, Bloomberg reported, citing people with knowledge...

FedEx misses Street 1Q forecasts

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22, 2017, photo, FedEx trucks are parked in New York (FDX) on Tuesday reported fiscal first-quarter profit of $596 million The Memphis, Tennessee-based company said it had profit of $219 per share Earnings, adjusted for non-recurring costs, came to $251 per share The results fell short of Wall Street expectations The package delivery company posted revenue of $153 billion in the period, which...

9 NBA teams lost money last year, and a fight is coming

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(Nam Y Huh/AP) A big report from ESPN's Brian Windhorst and Zach Lowe revealed 14 NBA teams lost money last season, with nine of them still finishing in the red after revenue-sharing, according to league documents According to ESPN, the Atlanta Hawks, Brooklyn Nets, Cleveland Cavaliers, Detroit Pistons, Memphis Grizzlies, Milwaukee Bucks, Orlando Magic, San Antonio Spurs, and Washington Wizards...

More than 100 dead in major earthquake near Mexico City

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(Adds mayor saying 44 buildings damaged or destroyed, witness quote, details) MEXICO CITY, Sept 19 (Reuters) - A major earthquake of magnitude 71 struck central Mexico on Tuesday, killing at least 119 people in several states and toppling buildings in the heavily populated capital where rescuers searched frantically for survivors under the rubble Mexico City Mayor Miguel Angel Mancera said 44...

Ford to cut production at five North American vehicle plants

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FILE PHOTO: The Ford logo is seen on a car in a park lot in Sao Paulo, Brazil June 2, 2017 DETROIT (Reuters) - Ford Motor Co said on Tuesday it plans to idle five North American vehicle assembly plants for a total of 10 weeks to reduce inventories of slow-selling models The Hermosillo, Mexico plant that builds the Fusion and MKZ and the Flat Rock, Michigan, factory that assembles Continentals and...

Oil edges off recent high ahead U.S. stock data, OPEC meet

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NEW YORK (Reuters) - Oil prices edged lower on Tuesday, retreating from near-five-month highs in advance of data expected to show a build in US crude inventories as imports resume and refineries were still restarting after recent storm activity OPEC's second-biggest producer Iraq said that the group was discussing several options for its supply pact, including an extension beyond March and a...

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