Business

Mexican Peso Rises After Trump-Clinton Debate, Pound Vulnerable Again

The Mexican peso and U.S. stock futures rose as investors saw less chance of Republican nominee Donald Trump winning next month's presidential election, while sterling was under pressure after Friday's "flash crash" in the British currency. Futures on the S&P...

Samsung Halts Note 7 Production After New Fire Scare

Samsung Electronics Co Ltd has suspended production of its flagship Galaxy Note 7 smartphones, a source said on Monday, after reports of fires in replacement devices added to the tech giant's worst ever recall crisis. Top U.S. and Australian carriers...

Congresswoman Raises Concerns About VW Settlement Oversight

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A settlement with U.S. regulators gives Volkswagen AG (VOWG_p.DE) too much authority over how to spend $2 billion on electric vehicle technology, a U.S. congresswoman from California said this week in a letter, echoing concerns from states and others...

Lawsuit Claims Yahoo Job Reviews Discriminated Against Men

A Yahoo Inc (YHOO.O) media executive fired from the internet company last year has filed a lawsuit claiming a job review process implemented by Chief Executive Marissa Mayer was used to cut men from executive ranks and lay them...

German Banks’ Group Wants Uncertainties In Sector Settled Soon

The sooner uncertainties in Germany's banking sector can be settled the better, the head of the BdB banking association, Michael Kemmer, said on Saturday. Deutsche has been engulfed in crisis since news emerged last month of a U.S. demand for...

Wall Street Sees Fed Rate Hike By Year-End After Jobs Data: Reuters Poll

A solid U.S. jobs report for September reinforced expectations among Wall Street's top banks that the Federal Reserve would raise interest rates by the end of the year, according to a Reuters poll conducted on Friday. Fourteen of the 15...

Travelex Sells Dollars Directly To Travellers At N356

Travelex, a global foreign exchange dealer, on Friday resumed sale of dollars directly to travellers at N356 to a dollar. The News Agency of Nigeria, NAN, reports that the firm’s office inside the Murtala Muhammed International Airport, Lagos terminal was...

Delta CEO Says Summer Traffic Was Its Best Summer Ever

Delta Air Lines (DAL.N) this year carried the most passengers in a summer ever, despite a computer outage in August, Chief Executive Officer Ed Bastian said on Friday. "We had the strongest summer in our history," Bastian said at an...

U.S. Court Reinstates Apple Win Over Samsung In Patent Case

A federal appeals court on Friday reinstated a $120 million jury award for Apple Inc (AAPL.O) against Samsung (005930.KS), in another stunning twist in the fierce patent war between the world's top smartphone manufacturers. The full slate of judges on...

Twitter Shares Plunge On Report Bidders Are Scarce

Twitter <TWTR.N. shares plunged on Thursday, a day after technology website Recode reported that Alphabet's Google (GOOGL.O) and Disney (DIS.N) would not bid for the social network and Apple (AAPL.O) was unlikely to be a suitor. The company has requested...