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Mon, Aug 19, 2019
11:34 pmAsian shares nudge higher on stimulus hopes, recession fears ease
Asian shares extended their gains on Tuesday as hopes for stimulus in major economies tempered anxiety about a global recession, boosting riskier assets and drawing money from safe-havens such as bonds and gold.
11:04 pmOil prices slip, but supported by hopes trade tensions could ease
Crude oil prices slipped on Tuesday, but losses were limited as equity markets rallied and as traders hoped Sino-U.S. trade tensions would ease.
10:44 pmExclusive: Fearing data privacy issues, Google cuts some Android phone data for wireless carriers
Alphabet Inc's Google has shut down a service it provided to wireless carriers globally that showed them weak spots in their network coverage, people familiar with the matter told Reuters, because of Google's concerns that sharing data from users of its Android phone system might attract the scrutiny of users and regulators.
10:43 pmJudge dismisses turnaround guru's racketeering case vs McKinsey
A federal judge dismissed claims on Monday by turnaround pioneer Jay Alix that McKinsey & Co violated racketeering laws when the consulting firm expanded into advising bankrupt U.S. companies.
10:42 pmGeneral Electric fortifies defense against charges of bogus accounting
General Electric Co reinforced its defense of its accounting practices on Monday after investors asked more questions about an unusual research report last week that accused the jet engine and power plant maker of financial fraud.
8:03 pmJapan Inc backs Abe's tough trade stance vs South Korea amid row: Reuters poll
Japanese companies broadly support Prime Minister Shinzo Abe's tough trade stance against South Korea, a Reuters poll found.
7:09 pmTop U.S. CEOs say companies should put social responsibility above profit
Corporate America is responsible for providing economic benefits to all, not just its investors, the Business Roundtable group said on Monday.
6:22 pmWall Street rallies on hopes of global economic stimulus
U.S. stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell.
5:54 pmU.S. tech industry leaders: French digital service tax harms global tax reform
Major tech firms and U.S. tech industry groups said on Monday that France's new digital services tax undermines the global tax regime and multilateral efforts to reform it.
4:34 pmWho is next in big pharma's merger spree?
Consolidation in the U.S. healthcare industry, which has already witnessed a string of multi-billion dollar deals, is expected to remain a major theme for the rest of 2019.
4:06 pmPlant-based meat alternatives crowd U.S. grocery stores
Plant-based meat alternatives have seen booming interest from consumers, prompting a growing number of companies to enter the space in hopes of carving out a spot for their products in the competitive supermarket aisle.
3:59 pmOil rises 2% after attack on Saudi field, stimulus expectations
Oil prices gained roughly 2% on Monday after a weekend attack on a Saudi oil facility by Yemen's Houthi forces threatened crude supplies and as traders looked for signs that top economies would take measures to counteract a global slowdown.
3:55 pmDisney streaming service to launch in Canada, Netherlands in November
Walt Disney Co said on Monday it will launch its Disney+ video streaming service in Canada and the Netherlands on Nov. 12, the same date as its previously announced United States launch.
3:54 pmFactbox: Disney to take on Netflix as streaming war heats up
The crowded market for video streaming, currently dominated by Netflix Inc, is expected to heat up further as Walt Disney Co rolls out its Disney+ service on Nov. 12 in the United States, Canada and the Netherlands.
3:43 pmFed's Rosengren says cutting rates could worsen next downturn: Bloomberg
Boston Federal Reserve Bank President Eric Rosengren on Monday signaled no willingness to support further interest rate cuts, saying that U.S. economic conditions are still good and that easing policy could encourage a worrying debt build-up.
3:38 pmSaudi Aramco asks banks to pitch for roles in IPO: sources
Saudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources said, in what could be the world's biggest IPO.
2:05 pmU.S. grants Huawei another 90 days to buy from American suppliers
The United States will extend a reprieve that permits China's Huawei Technologies to buy components from U.S. companies to supply existing customers, the Commerce Department said on Monday, but it also moved to add more than 40 of Huawei's units to its economic blacklist.
12:24 amTrump 'not ready' for China trade deal, dismisses recession fears
U.S. President Donald Trump and top White House officials dismissed concerns that economic growth may be faltering, saying on Sunday they saw little risk of recession despite a volatile week on global bond markets, and insisting their trade war with China was doing no damage to the United States.
10:51 amEquinor, Gazprom lose European gas market share as LNG surges
Europe's two biggest suppliers of pipeline gas, Norway's Equinor and Russia's Gazprom, have lost market share for the first time in at least four years amid a tripling in liquefied natural gas (LNG) imports into the region over the past 10 months.
10:39 amMicrosoft, Nvidia team up for more realistic visuals on Minecraft game
Microsoft Corp said on Monday it will use chipmaker Nvidia Corp's real-time ray tracing technology to provide the software company's Minecraft video game players more realistic graphics on personal computers.
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