[ad_1] SHANGHAI (Reuters) – E-commerce giant Alibaba Group Holding Ltd reported quarterly profit far above market expectations and played down worries of Chinese economic slowdown and U.S. tariff effects, sending its shares up 6 percent.
Tesla CFO leaves as automaker promises profits and cheaper cars
[ad_1] (Reuters) – Tesla Inc warned on Wednesday it will need to begin building cars in China and lower the price of its Model 3 sedan to make money in every 2019 quarter, as it
Global Markets: Asia stocks hit four-month high as Fed turns more cautious; dollar sags
[ad_1] TOKYO (Reuters) – Asia stocks rose to a four-month high on Thursday, tracking Wall Street, after the Federal Reserve pledged to be patient with further interest rate hikes, signalling a potential end to its
Goldman Sachs ditches single-use plastic products
[ad_1] FILE PHOTO: A view of the Goldman Sachs stall on the floor of the New York Stock Exchange July 16, 2013. Goldman Sachs Group Inc said on Tuesday quarterly profit doubled, beating Wall Street
U.S., China launch high-level trade talks amid deep differences
[ad_1] WASHINGTON (Reuters) – The United States and China opened a pivotal round of high-level talks on Wednesday aimed at digging out from their months-long trade war amid deep differences over Chinese practices on intellectual
Visa profit beats estimates on higher transaction volume
[ad_1] FILE PHOTO: Visa credit cards are seen in this picture illustration taken June 9, 2016. REUTERS/Maxim Zmeyev/Illustration/File Photo (Reuters) – Visa Inc beat Wall Street estimates for quarterly profit on Wednesday, as the payments
Stocks surge on Fed pledge to pause, dollar slips
[ad_1] NEW YORK (Reuters) – The dollar slid and equities surged on Wednesday, fueled at first by Boeing and Apple’s results and later by the Federal Reserve pledging to be patient with future interest rate
Fed leaves rates unchanged, says will be ‘patient’ on future hikes
[ad_1] WASHINGTON (Reuters) – The Federal Reserve held interest rates steady on Wednesday but said it would be patient in lifting borrowing costs further this year as it pointed to rising uncertainty about the U.S.
ArcelorMittal’s bid to buy stake in Bosnian iron ore mine rejected
[ad_1] A logo is seen on the roof of the ArcelorMittal steelworks headquarters in Ostrava, Czech Republic, April 1, 2016. REUTERS/David W Cerny/File Photo SARAJEVO (Reuters) – ArcelorMittal’s application to bid for the Bosnian government’s
U.S. private payrolls rise strongly; housing market struggling
[ad_1] WASHINGTON (Reuters) – U.S. private payrolls increased solidly in January, pointing to sustained labor market strength despite a recent easing in consumer and business confidence that has suggested a loss of momentum in the