Business

U.S. Extends ZTE Reprieve On Alleged Iran Sanctions Violations

Chinese smartphone maker ZTE Corp (000063.SZ)(0763.HK) said it has won a further reprieve to Nov. 28 on tough export restrictions that were imposed on the company by the U.S. government in March. ZTE would continue to cooperate with relevant U.S....

Target Cuts Fiscal-Year Profit Forecast; Shares Drop

Retail chain Target Corp (TGT.N) cut its fiscal-year profit outlook on Wednesday after quarterly sales fell more than expected due to lower demand for electronics and disappointing results in its grocery business. Shares of the sixth-largest U.S. retailer dropped 7...

Russian Court Turns Down Appeal From Google In Anti-Monopoly Case

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A Russian court on Wednesday turned down an appeal from Google (GOOGL.O) in an anti-monopoly case over pre-installed applications on mobile devices running the Android operating system, Interfax news agency reported. Earlier Russia's anti-monopoly watchdog FAS imposed a 438 million...

Investors Cool On Hong Kong Stock Market Link With ‘Wild West’ Shenzhen

A plan to connect the giant stock markets of Shenzhen and Hong Kong offers global investors tempting access to China's fast-growing tech sector, but high valuations and a reputation for wild speculation are likely to keep many buyers at...

Not So SWIFT – Bank Messaging System Slow To Address Weak Points

More than a dozen current and former board directors and senior managers of SWIFT, the bank messaging system that helps transmit billions of dollars around the world every day, have told Reuters the organization for years suspected there were...

Gas Suppliers Praxair, Linde Discuss Merger: Sources

U.S. industrial gas supplier Praxair Inc (PX.N) and German peer Linde AG (LING.DE) have held initial talks about a merger to create a market leader with a value of more than $60 billion, people familiar with the matter said,...

Airbus, Boeing Brace For Crucial Phase In Subsidies Dispute

The world's two largest jetmakers are bracing for the next round in a transatlantic spat over billions of dollars of aircraft subsidies, amid accusations of widening U.S. support for Boeing (BA.N) and persistent European aid to Airbus. (AIR.PA) After a...

Home Depot Raises Full-Year Profit Forecast

Home Depot Inc (HD.N) raised its full-year earnings forecast after reporting a 6.6 percent rise in quarterly sales as customers spent more in a strong housing market. Home Depot and smaller rival Lowe's Cos Inc (LOW.N) have benefited as consumers...

Billionaire Investors Turn Bearish As U.S. Stocks Hit Record Highs

Several big-name hedge fund investors soured on U.S. stocks in the second quarter and moved to gold and other bearish bets, failing to anticipate the stock market rally in the current quarter. Noting the recent run-up in the benchmark Standard...

World Stocks Edge Away From One-Year Peak, Dollar On Defensive

World stocks markets edged away from one-year peaks on Tuesday as a stellar rally stalled, while the dollar hit a one-month low against the yen as recent weak U.S. economic data was seen limiting the scope for a near-term...