U.S. stocks opened lower on Thursday as shares of streaming pioneer Netflix tumbled, kicking off earnings for the FAANG group of stocks on a sour note.
Microsoft, AT&T ink cloud deal worth more than $2 billion
Microsoft Corp and AT&T Inc on Wednesday said they reached a deal under which the telecommunications firm will tap Microsoft’s Azure cloud service for its computing needs and provide Office 365 software to much of its 268,000-strong workforce.
Oil steadies as U.S. supply concerns ease but Iran tensions loom
Oil prices steadied on Tuesday as a resumption of production in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply from shale oil countered tensions in the Middle East.
Symantec, Broadcom cease deal negotiations: CNBC
Cybersecurity company Symantec Corp and chipmaker Broadcom Inc have ceased deal negotiations, CNBC reported on Monday, citing sources.
Sterling would rise under Labour government: Labour finance chief
Sterling would rise if the opposition Labour Party won an election, the party’s finance policy chief John McDonnell told the Sunday Times, playing down the idea that a socialist government could trigger capital flight.
Japan-South Korea feud deepens with disputed accounts of trade meeting
A row between Japan and South Korea escalated on Saturday, with contested accounts of a frosty meeting the day before that had failed to make progress on a dispute that could threaten global supplies of microchips and smartphone displays.
Oil prices firm on tropical storm and geopolitical tensions
Oil prices edged higher on Friday and were on track for a weekly gain as U.S. oil producers in the Gulf of Mexico cut more than half their output because of a tropical storm and as tensions continued to simmer in the Middle East.
Strong currency props up Indian rice rates, wider demand subdued
Rice export prices in India extended gains this week helped by a stronger rupee, while expectations of fresh supplies entering the market weighed on Thai rates along with muted demand across major paddy-growing countries.
British billionaire Dyson snaps up Singapore’s priciest penthouse
British billionaire and inventor of the bagless vacuum cleaner James Dyson has bought the most expensive apartment in Singapore, where his company plans to build an electric car.
Exclusive: Russian output falls to three-year low as oil rivals clash
Russian oil production fell close to a three-year low in early July, as output was undermined by a row between Russian oil pipeline monopoly Transneft and the country’s biggest producer Rosneft.