Page 1565 - Business Finance
Pantera says some tokens in portfolio likely noncompliant with SEC rules
NEW YORK (Reuters) - U.S. blockchain investment firm Pantera Capital said on Thursday approximately a quarter of the fund's capital was invested in projects or digital assets that may not have been compliant with U.S. securities regulations.
Corrected: Caterpillar CEO Jim Umpleby to take on chairman role
(Reuters) - (The story corrects the date of Doug Oberhelman's retirement in fourth paragraph)
Global Markets: Stocks lose steam as nerves persist, euro dips after ECB
NEW YORK (Reuters) - A gauge of world equities was little changed after giving up early gains on Thursday, continuing a pattern seen for the past several sessions, while the euro eased after the European Central Bank formally ended its bond purchasing scheme.
U.S. confirms China soybean purchase, but no clarity over more sales
CHICAGO/WASHINGTON (Reuters) - U.S. government officials on Thursday hailed China's first meagre purchase of U.S. soybeans since its trade war with the United States began in July and said they hoped for, but could not guarantee, more to come.
S&P 500 ends choppy session little changed
NEW YORK (Reuters) - The S&P 500 ended little changed after a volatile session on Thursday, as investors favoured defensive sectors while the biggest drag came from financials and consumer discretionary stocks.
Trump says GM shift to electric vehicles is 'not going to work'
WASHINGTON (Reuters) - President Donald Trump on Thursday said General Motors Co's decision to shift much of its focus to electric vehicles will not succeed, and he asserted a new trade deal will make it harder for the company to move work to other countries.
Starbucks partners with UberEats for delivery in U.S., to double China stores
(Reuters) - Starbucks Corp said on Thursday it is partnering with UberEats to deliver food and coffee from nearly a quarter of its restaurants in the U.S. and will nearly double its outlets in China over the next four years.
Global Markets: Stocks lose steam as trade hopes fade, euro dips after ECB
NEW YORK (Reuters) - A gauge of world equities gave up early gains and turned negative on Thursday, continuing a pattern seen for the past several sessions, while the euro eased after the European Central Bank's policy announcement.
Wall Street edges lower as trade-fuelled rally loses steam
NEW YORK (Reuters) - U.S. stocks edged lower in volatile trading on Thursday, as investors favoured defensive sectors while financials and consumer discretionary stocks created the biggest drag.
Instacart to close Whole Foods delivery operation next year
(Reuters) - Instacart said on Thursday it will stop delivering groceries for Whole Foods next year, ending a partnership that has been under stress since Amazon.com Inc acquired the upmarket grocer last year.
U.S. confirms China soybean sale, but size disappoints
CHICAGO (Reuters) - China's meagre first purchase of U.S. soybeans since its trade war with the United States began in July disappointed farmers, grain traders and a U.S. government official hoping for larger sales to lift slumping prices and absorb a huge surplus across the U.S. farm belt, they said on Thursday.
Focussing on last-mile delivery essential for improving Ease of Doing Business: PM Modi
Focussing on last-mile delivery and simplifying systems and procedures are key to improving India's 'Ease of Doing Business,' Prime Minister Narendra Modi said on Thursday."Emphasised on the need to focus on last mile delivery, simplifying systems and procedures, which will improve both 'Ease of Doing Business' and 'Ease of Living.' We are devoting all possible efforts to further improve our 'Ease of Doing Business' rankings," the Prime Minister told officials at a meeting held to review steps being taken to enhance India's Ease of Doing Business rankings.Discussions were also held regarding construction, power, resolving insolvency and other areas that will make business easier in the times to come, the Prime Minister tweeted after the meeting was held.Earlier in the year, India leapfrogged 23 places to the 77th spot on the World Bank's Ease of Doing Business index. Furthermore, the country saw a 53-place jump in the last two years, making it the largest improvement by any country ..
White House trade advisor vows 'tough' talks with China
President Donald Trump's trade negotiators will hold "tough" talks with China, a senior White House advisor said Thursday, while cautioning against watching day-to-day reports on the negotiations. The whole world is watching the trade talks between Washington and Beijing, hoping the 90-day tariff truce will hold and the sides can end a dispute that could disrupt the global economy. "From our point of view, what we must do is hold fast, stay tough, and focus on a prize," US trade advisor Peter Navarro said on the Fox Business television network. "The prize for this country and for the world and for China really is complete structural reform to put an end to all these practices which are disrupting the global economy." Navarro, an anti-China firebrand, said the key will be to "trust but verify". The talks began after Trump met with Chinese leader Xi Jinping in Buenos Aires on December 1. In followed-up talks by phone on Monday, Beijing pledged to lower punitive tariffs on US auto ...
IOC to buyback over 3% equity shares for Rs 4,435 cr
State-owned Indian Oil Corp on Thursday announced a buyback of 3.06 per cent equity shares at a price of Rs 149 per stock for a consideration not exceeding Rs 4,435 crore.
Qualcomm to file suits in Chinese courts to ban iPhone XS, XR sales
(Reuters) - Chipmaker Qualcomm Inc is asking courts in China to ban sales of Apple Inc's latest iPhone models XS and XR after winning a preliminary injunction against older models, the company confirmed on Thursday.
SpiceJet to operate six new direct flights from Chennai
Budget passenger carrier SpiceJet on Thursday said it will operate six new direct flights connecting Chennai with key pilgrim centres like Varanasi and Shirdi besides tourist spots including Port Blair and Bagdogra.
Modi chairs meet to review steps on 'Ease of Doing Business'
Prime Minister Narendra Modi on Thursday chaired a meeting to review progress on "Ease of Doing Business" that discussed issues such as construction permits, enforcement of contracts and registering property.
ECB ends crisis-fighting bond buys but eyes increasing risks
FRANKFURT (Reuters) - The European Central Bank formally ended its 2.6 trillion euro crisis-fighting bond purchase scheme on Thursday but promised to keep feeding stimulus for years into an economy struggling with an unexpected slowdown and political turmoil.
Italian fashion group Ferragamo picks insider Corsi as new CFO
MILAN (Reuters) - Italian fashion group Salvatore Ferragamo said on Thursday insider Alessandro Corsi would be new chief financial officer and strategic director as of Jan. 11.
Instacart to end partnership with top customer Whole Foods
(Reuters) - Instacart said on Thursday it would start winding down its delivery services for Whole Foods Market, ending a partnership that has been under stress since last year when Amazon.com Inc acquired the grocer.