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High-profile investors bet on stocks tied to millennials: Sohn Conference

April 23, 2018 by  
Filed under News

NEW YORK (Reuters) – Hedge fund managers at the high-profile 2018 Sohn Investment Conference in New York pitched stock ideas on Monday, ranging from online food ordering to homebuilders, that should benefit from the growing clout of the millennial generation.


Source: Reuters Business News

Hasbro blames Toys 'R' Us for poor first quarter

April 23, 2018 by  
Filed under News

(Reuters) – Hasbro Inc reported worse than expected results for the first quarter on Monday, blaming the bankruptcy of Toys ‘R’ Us for a slide in revenue but also promising the worst would be over in the first half of 2018.


Source: Reuters Business News

EU seeks to join U.S.-China steel dispute at WTO

April 23, 2018 by  
Filed under News

BRUSSELS (Reuters) – The European Union asked on Monday to join a dispute brought by China to the World Trade Organization over U.S. import tariffs on steel and aluminum, just over a week before U.S. President Trump decides whether they should apply to Europe.


Source: Reuters Business News

Wall Street little changed as bond yields inch higher

April 23, 2018 by  
Filed under News

(Reuters) – Wall Street’s three major indexes struggled for direction on Monday as Treasury yields inched up to levels that have spooked investors in recent months.


Source: Reuters Business News

U.S. extends deadline for Rusal sanctions, aluminum prices dive

April 23, 2018 by  
Filed under News

WASHINGTON/MOSCOW (Reuters) – The United States on Monday gave American customers of Russia’s biggest aluminum producer more time to comply with sanctions, and said it would consider lifting them if United Company Rusal Plc’s major shareholder, Russian tycoon Oleg Deripaska, ceded control of the company.


Source: Reuters Business News

Amazon to double down on groceries; foray deeper into fresh produce in India

April 22, 2018 by  
Filed under News

BENGALURU (Reuters) – Amazon.com Inc expects groceries and household products to account for over half of its business in India in the next five years, as it moves to broaden offerings in the segment and foray into areas such as fresh produce.


Source: Reuters Business News

HNA cuts stake in Deutsche Bank: filing

April 22, 2018 by  
Filed under News

BERLIN (Reuters) – Chinese conglomerate HNA has cut its stake in Deutsche Bank to 7.9 percent, according to a U.S. regulatory filing.


Source: Reuters Business News

China's ZTE seeks resolution of U.S. export ban

April 22, 2018 by  
Filed under News

BEIJING (Reuters) – China’s ZTE is seeking a resolution to a U.S. ban on selling it parts and software that it has said threatens its survival.


Source: Reuters Business News

Treasury chief may visit China as trade tensions simmer

April 21, 2018 by  
Filed under News

WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday he may travel to China, a move that could ease tensions between the world’s two largest economies, as international policymakers acknowledged Beijing needs to change its trade practices.


Source: Reuters Business News

Japan may soften trade stance as U.S. keeps up pressure

April 21, 2018 by  
Filed under News

WASHINGTON (Reuters) – Despite calls to resist protectionism and for the United States to rejoin a multilateral trans-Pacific trade pact, Japan is gradually shifting gear to adjust to a trade environment shaken up by U.S. President Donald Trump.


Source: Reuters Business News

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