Business

NEW YORK (Reuters) – Oil futures gained nearly 2% on Friday as comments from a top U.S. official raised optimism for a U.S.-China trade deal, but worries about increasing crude supplies capped prices. FILE PHOTO: Oil pump jacks at sunset near Midland, Texas, U.S., August 21, 2019. REUTERS/Jessica Lutz/File Photo Benchmark Brent crude gained $1.13,

HONG KONG (Reuters) – Alibaba Group’s $13.4 billion Hong Kong listing is shrinking cash levels in the protest-wracked financial hub, with short-term borrowing costs shooting back towards a decade-high marked in July. FILE PHOTO: A Hong Kong dollar note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration/File Photo Large IPOs and share

BARCELONA (Reuters) – German broadcaster ProSiebenSat.1 (PSMGn.DE) is more interested in collaborating in digital growth areas than in a full-blown merger, Chief Executive Max Conze said on Thursday after Italy’s Mediaset (MS.MI) raised its shareholding. FILE PHOTO: German media company ProSiebenSat.1 Media SE Chief Executive Max Conze speaks to reporters during a briefing in Berlin,

(Reuters) – Activist investor Carl Icahn has bought a $1.2 billion stake in HP Inc (HPQ.N) and is pushing for the personal computer maker’s merger with printer maker Xerox Corp (XRX.N), arguing that a union could yield big profits for investors, the Wall Street Journal reported on Wednesday. FILE PHOTO: Billionaire activist investor Carl Icahn

FILE PHOTO: Stickers bearing the Facebook logo are pictured at Facebook Inc’s F8 developers conference in San Jose, California, U.S., April 30, 2019. REUTERS/Stephen Lam/File Photo (Reuters) – Facebook Inc (FB.O) released its fourth report on enforcement against content that violates its policies on Wednesday, adding data on photo-sharing app Instagram and content depicting suicide

TOKYO (Reuters) – Asian stocks and Wall Street futures fell on Wednesday, as growing worries that U.S.-China trade talks are stalling and concern about intensifying unrest in Hong Kong hurt demand for risky assets. FILE PHOTO: A man walks past an electric screen showing Japan’s Nikkei and Shanghai Stock Exchange markets’ indices outside a brokerage

CHICAGO (Reuters) – U.S. pork prices have increased in recent weeks as a fatal pig disease in Asia is reducing global meat supplies, the chief executive of Tyson Foods Inc said on Tuesday, after the company posted lower-than-expected quarterly earnings. FILE PHOTO: Tyson foods Inc and Hillshire Brands Jimmy Dean sausages are shown in this

SYDNEY (Reuters) – Asian share markets flatlined on Tuesday as uncertainty over Sino-U.S. trade talks and political strife in Hong Kong dogged sentiment, while safe-haven bonds eked out a bounce. FILE PHOTO: Passerbys walk past an electric screen showing Asian markets indices outside a brokerage in Tokyo, Japan, July 1, 2019. REUTERS/Issei Kato MSCI’s broadest

HANGZHOU, China (Reuters) – Chinese retailer Alibaba Group Holding Ltd said on Monday that sales for its annual Singles’ Day shopping blitz crossed the $30 billion mark at 4:31 p.m. (0831 GMT), putting the event on track to set a record in its 11th year. The figure is equivalent to over 80% of U.S. rival

SYDNEY (Reuters) – Asian shares sank on Monday, the safe haven yen rose and gold jumped as fresh violence broke out in Hong Kong, while uncertainty still remained over whether the United States and China could end their damaging trade war. FILE PHOTO: A passerby walks past in front of a stock quotation board outside

FILE PHOTO: Iqbal Khan, CEO International Wealth Management of Swiss bank Credit Suisse, smiles as he speaks during “The Wealth Management Industry – Into the next decade” at the Reuters Global Wealth Management Summit, Park Hyatt hotel, Zurich Switzerland, June 13, 2016. REUTERS/Arnd Wiegmann ZURICH (Reuters) – UBS (UBSG.S) executive board member Iqbal Khan wants

SHANGHAI (Reuters) – Alibaba Group (BABA.N) will kick off its annual 24-hour shopping extravaganza on Monday with deals and deep discounts galore, and a performance by American popstar Taylor Swift to top it all, as it pushes to rake in another record Singles’ Day sales. FILE PHOTO: A logo of Alibaba Group is seen at

DUBAI (Reuters) – Saudi Aramco is looking to sell up to 0.5% of the state oil giant to retail investors in its planned initial public offering (IPO), three sources familiar with the matter told Reuters. FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019.

FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid (Reuters) – Blackstone Group Inc (BX.N) is taking a majority stake in MagicLab, the parent company of dating app “Bumble” and

U.S. President Donald Trump faces reporters as he departs for travel to Tupelo, Mississippi from the South Lawn of the White House in Washington, U.S., November 1, 2019. REUTERS/Tom Brenner WASHINGTON (Reuters) – President Donald Trump on Friday told reporters he has not agreed to roll back tariffs on China but that Beijing would like

TOKYO/SYDNEY (Reuters) – Asian stocks retreated from six-month highs on Friday on uncertainty over whether and when the United States and China will seal a deal marking a truce in their trade war that has slowed economic growth and roiled markets. FILE PHOTO: A woman points to an electronic board showing stock prices at the