[ad_1] BRUSSELS (Reuters) – Amazon’s use of merchants’ data triggered an EU antitrust investigation on Wednesday, as regulatory concerns mount around the world on how tech giants exploit customer information to reinforce their market power.
U.S. Democrat urges USTR to respond to proposals on U.S.-Mexico-Canada trade deal
[ad_1] WASHINGTON (Reuters) – The U.S. House Ways and Means Committee’s Democratic chairman on Wednesday urged U.S. Trade Representative Robert Lighthizer to respond constructively to Democrats’ proposals to ensure their support for the U.S.-Mexico-Canada trade
U.S. housing market stuck in a rut despite lower mortgage rates
[ad_1] WASHINGTON (Reuters) – U.S. homebuilding fell for a second straight month in June and permits dropped to a two-year low, suggesting the housing market continued to struggle despite declining mortgage rates. FILE PHOTO: Single
IMF sees dangers from trade tensions, overvalued dollar
[ad_1] WASHINGTON (Reuters) – The International Monetary Fund on Wednesday said that the U.S. dollar was overvalued by 6% to 12%, based on near-term economic fundamentals, while the euro, Japan’s yen and China’s yuan were
Wipro tops profit forecast on demand from key clients
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[ad_1] BENGALURU/MUMBAI (Reuters) – Indian software services exporter Wipro Ltd reported a 13% rise in first-quarter profit thanks to robust demand from financial clients and said its main information technology business could show modest growth
Oil prices regain little ground lost in previous session
[ad_1] LONDON (Reuters) – Oil prices on Wednesday regained little ground lost in the previous session, weighed down by industry data suggesting U.S. crude inventories fell less than expected. FILE PHOTO: An oil pump is
Yes Bank profit slumps on higher provisions, asset quality hit
[ad_1] MUMBAI/BENGALURU (Reuters) – Indian lender Yes Bank Ltd posted a 91% drop in quarterly profit on Wednesday, due to a nearly three-fold rise in provisions for loan losses, while asset quality deteriorated sharply. A
Bank of America profit rises on loan growth
[ad_1] FILE PHOTO: A Bank of America logo is seen in New York City, New York, U.S. January 10, 2017. REUTERS/Stephanie Keith/File Photo (Reuters) – Bank of America Corp reported a 10% increase in quarterly
Ericsson warns on negative margin impact, shares fall 7%
[ad_1] STOCKHOLM (Reuters) – Telecoms equipment maker Ericsson posted quarterly earnings in line with forecasts but said it expected costs related to winning new contracts for its network business to hit profit margins in the
Prices of cardamom, Queen of Spices, soar as wild weather wipes Indian production
[ad_1] NEW DELHI (Reuters) – Every year, tens of millions of Hindus flock to the Venkateswara Temple in the southern Indian state of Andhra Pradesh to pay tribute to site’s patron deity and pick up