Business

Google Shows Improved Self-Driving System In Chrysler Pacifica

Google (GOOGL.O) unveiled its latest self-driving system in a Chrysler Pacifica minivan during a Sunday preview ahead of the Detroit auto show, saying the technology is more reliable and affordable. The announcement came from John Krafcik, head of Google's Waymo...

HMD Global Launches First Nokia Smartphone

HMD Global, the Finnish company that owns the rights to use Nokia's brand on mobile phones, announced on Sunday its first smartphone, targeted for Chinese users with a price of 1,699 yuan ($246). The launch marks the first new smartphone...

Bitcoin Extends Losses, Slides Another 12 Percent On China Warning

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Bitcoin plunged another 12 percent on Friday after China's central bank urged investors to take a rational approach to the digital currency, which has is on track for its heaviest two-day falls in two years. Bitcoin had gained more than...

Exclusive: Iran Capitalizes On OPEC Oil Cut To Sell Millions Of Barrels – Sources

Iran has sold more than 13 million barrels of oil that it had long held on tankers at sea, capitalizing on an OPEC output cut deal from which it is exempted to regain market share and court new buyers,...

Dollar Back On Trend, Hits Two-Week High Vs. Yen

The U.S. dollar racked up its biggest rise in more than two weeks in 2017's first full day of European trading on Tuesday, as dealers and investors in London returned to push the greenback close to December's long-term highs. One...

Wall St. Pares Some Gains As Oil Rally Loses Steam

Wall Street was higher on Tuesday as a post-election rally extended into the new year, but stocks pared some of their early gains after oil prices eased from an 18-month high. Oil prices were up 0.24 percent at $57.06 after...

Intel To Take 15 Percent Stake In Mapping Firm HERE

Chip maker Intel (INTC.O) is to take a 15 percent stake in digital mapping firm HERE, a person familiar with the process told Reuters on Tuesday. A filing to the German cartel office earlier on Tuesday showed that Intel had...

Trump Names China Critic Lighthizer As U.S. Trade Representative

U.S. President-elect Donald Trump on Tuesday named Robert Lighthizer, an official in the Reagan administration and harsh critic of China's trade practices, to be his chief trade negotiator, responsible for better deals aimed at reducing U.S. trade deficits. Trump, who...

Amazon Says 2016 Holiday Season ‘Best-Ever’

Amazon.com Inc said it had its best-ever holiday season, shipping more than one billion items worldwide through its Prime membership program. The Amazon Echo home assistant and its smaller version, Echo Dot, topped the best-sellers list, the company said. "Despite our...

Toshiba Flags Hit Of ‘Billions Of Dollars’ On U.S. Nuclear Acquisition

Toshiba Corp said it may have to book several billion dollars in charges related to a U.S. nuclear power acquisition, a shock warning that sent its stock tumbling 12 percent and rekindled concerns about its accounting acumen. The Japanese group...