Developing

Companies News

  • The Sanofi logo is seen at the company's Sanofi Pasteur headquarters in Lyon
    Sanofi pledges stable 2016 earnings despite headwinds Reuters - 39 minutes ago

    PARIS (Reuters) - Sanofi reported lower fourth-quarter earnings on Tuesday, hurt by declining sales in key divisions such as diabetes, oncology and prescription drugs, … More »Sanofi pledges stable 2016 earnings despite headwinds

    The Sanofi logo is seen at the company's Sanofi Pasteur headquarters in Lyon

    PARIS (Reuters) - Sanofi reported lower fourth-quarter earnings on Tuesday, hurt by declining sales in key divisions such as diabetes, oncology and prescription drugs, but said it expected 2016 earnings per share to be stable. The French drugmaker said fourth-quarter business net income fell 13.5 percent at constant exchange …

  • Australia shares hit 2 1/2 year trough, NZ down in line with global rout Reuters - 46 minutes ago

    SYDNEY (Reuters) - Australian shares fell to a 2 1/2-year low on Tuesday, joining a slump in global markets as sliding oil prices weighed on energy stocks and concerns … More »Australia shares hit 2 1/2 year trough, NZ down in line with global rout

    SYDNEY (Reuters) - Australian shares fell to a 2 1/2-year low on Tuesday, joining a slump in global markets as sliding oil prices weighed on energy stocks and concerns about the health of banks reignited worries over global growth. The S&P/ASX 200 index dropped 143.3 points, or 2.9 percent, to close at 4,832.1, its biggest …

  • A general view shows Swiss biotech group Actelion Headquarters in Allschwil
    Actelion core earnings rise 9 percent, matching analyst poll Reuters - 47 minutes ago

    ZURICH (Reuters) - Actelion , Europe's largest biotechnology company, said on Tuesday that 2015 core earnings rose 9 percent, matching analyst forecasts, as the company … More »Actelion core earnings rise 9 percent, matching analyst poll

    A general view shows Swiss biotech group Actelion Headquarters in Allschwil

    ZURICH (Reuters) - Actelion , Europe's largest biotechnology company, said on Tuesday that 2015 core earnings rose 9 percent, matching analyst forecasts, as the company was helped by rising sales of a new drug to treat a deadly heart-lung disease. Core earnings were 814 million Swiss francs ($827.24 million), compared …

  • Asian markets: Japan's Nikkei down more than 5% following weak close on Wall Street
    Asian markets: Japan's Nikkei down more than 5% following weak close on Wall Street Kedar Grandhi - International Business Times - 53 minutes ago

    While China, Hong Kong, South Korea among other markets remained closed for the Lunar New Year holiday, remaining stock exchanges in Asia were trading lower on 9 February. … More »Asian markets: Japan's Nikkei down more than 5% following weak close on Wall Street

    Asian markets: Japan's Nikkei down more than 5% following weak close on Wall Street

    While China, Hong Kong, South Korea among other markets remained closed for the Lunar New Year holiday, remaining stock exchanges in Asia were trading lower on 9 February. This followed a negative Wall Street and FTSE close overnight. Fears over a sell-off in the European banking sector gathered pace overnight after Stoxx …

  • Pump jacks are seen at Lukoil company owned Imilorskoye oil field outside West Siberian city of Kogalym
    Oil prices jump, shrug off equity slump, glut concerns By Aaron Sheldrick - Reuters - 1 hour 11 minutes ago

    By Aaron Sheldrick TOKYO (Reuters) - Crude oil prices jumped as much as 2 percent on Tuesday, shrugging off big drops in Japan's stock market and eroding some of the … More »Oil prices jump, shrug off equity slump, glut concerns

    Pump jacks are seen at Lukoil company owned Imilorskoye oil field outside West Siberian city of Kogalym

    By Aaron Sheldrick TOKYO (Reuters) - Crude oil prices jumped as much as 2 percent on Tuesday, shrugging off big drops in Japan's stock market and eroding some of the previous session's losses that were driven by festering concerns about global oversupply. It settled the previous session down $1.18 at $33.88. Prices on …

  • An unidentified injured man is escorted by riot police at Mongkok in Hong Kong
    Hong Kong riot police fire warning shots in bloody street clashes By Clare Baldwin and Donny Kwok - Reuters - 1 hour 13 minutes ago

    By Clare Baldwin and Donny Kwok HONG KONG (Reuters) - Hong Kong riot police fired warning shots on Tuesday during angry clashes that erupted when authorities tried to … More »Hong Kong riot police fire warning shots in bloody street clashes

    An unidentified injured man is escorted by riot police at Mongkok in Hong Kong

    By Clare Baldwin and Donny Kwok HONG KONG (Reuters) - Hong Kong riot police fired warning shots on Tuesday during angry clashes that erupted when authorities tried to remove illegal street stalls set up for Lunar New Year celebrations, the worst street violence since pro-democracy protests in 2014. Protesters prised bricks …

  • Google CEO Pichai gestures as he addresses a news conference in New Delhi
    Google CEO Pichai receives stock grant worth about $199 mln Reuters - 1 hour 33 minutes ago

    REUTERS - Google Chief Executive Sundar Pichai received restricted stock worth about $199 million, according to a regulatory filing by Google parent company Alphabet … More »Google CEO Pichai receives stock grant worth about $199 mln

    Google CEO Pichai gestures as he addresses a news conference in New Delhi

    REUTERS - Google Chief Executive Sundar Pichai received restricted stock worth about $199 million, according to a regulatory filing by Google parent company Alphabet Inc. Pichai, who took over in August, received a grant for 273,328 Class C Google stock units on February 3. The valuation is based on the stock's closing …

  • Letters spell the word "Alphabet" as they are seen on a computer screen with a Google search page in this photo illustration taken in Paris
    Google CEO Pichai receives stock grant worth about $199 million Reuters - 1 hour 47 minutes ago

    (Reuters) - Google Chief Executive Sundar Pichai received restricted stock worth about $199 million, according to a regulatory filing by Google parent company Alphabet … More »Google CEO Pichai receives stock grant worth about $199 million

    Letters spell the word "Alphabet" as they are seen on a computer screen with a Google search page in this photo illustration taken in Paris

    (Reuters) - Google Chief Executive Sundar Pichai received restricted stock worth about $199 million, according to a regulatory filing by Google parent company Alphabet Inc . Pichai, who took over in August, received a grant for 273,328 Class C Google stock units on Feb. 3. The valuation is based on the stock's closing …

  • Ikea stops selling solar panels in UK as government signals cut in solar subsidies
    Ikea stops selling solar panels in UK as government signals cut in solar subsidies Kedar Grandhi - International Business Times - 1 hour 50 minutes ago

    UK householders seeking solar panels now need to look beyond Ikea, as the Swedish furniture-maker has stopped selling them after the government announced a cut in solar … More »Ikea stops selling solar panels in UK as government signals cut in solar subsidies

    Ikea stops selling solar panels in UK as government signals cut in solar subsidies

    UK householders seeking solar panels now need to look beyond Ikea, as the Swedish furniture-maker has stopped selling them after the government announced a cut in solar subsidies. The move comes two years after Ikea had a media-friendly national launch of the product. Post a successful test run at its Lakeside store in …

  • A worker speaks as he loads coal on a truck at a depot near a coal mine from the state-owned Longmay Group on the outskirts of Jixi, Heilongjiang, China
    China's coal industry needs to restructure as demand slows - Xinhua Reuters - 2 hours 58 minutes ago

    Coal demand from China will slow over the next five years and the industry should focus on restructuring and upgrading, state news agency Xinhua reported on Tuesday citing … More »China's coal industry needs to restructure as demand slows - Xinhua

    A worker speaks as he loads coal on a truck at a depot near a coal mine from the state-owned Longmay Group on the outskirts of Jixi, Heilongjiang, China

    Coal demand from China will slow over the next five years and the industry should focus on restructuring and upgrading, state news agency Xinhua reported on Tuesday citing the China National Coal Association (CNCA). Jiang Zhimin, CNCA vice-president, told Xinhua that the service sector was now the main driver of China's …

  • Zenefits CEO Parker Conrad resigns amid startup turmoil By Heather Somerville - Reuters - 4 hours ago

    By Heather Somerville SAN FRANCISCO (Reuters) - Zenefits, a software startup valued at $4.5 billion, said on Monday it had replaced founder and Chief Executive Parker … More »Zenefits CEO Parker Conrad resigns amid startup turmoil

    By Heather Somerville SAN FRANCISCO (Reuters) - Zenefits, a software startup valued at $4.5 billion, said on Monday it had replaced founder and Chief Executive Parker Conrad and appointed a new leader for the troubled tech company. David Sacks, a former executive at Yammer and PayPal who joined Zenefits a year ago as …

  • Democratic U.S. presidential candidate Bernie Sanders  speaks during a rally at Great Bay Community College in Portsmouth, New Hampshire
    Two Sanders supporters back on Tinder after brief ban By Melissa Fares - Reuters - 4 hours ago

    Two women banned from Tinder last week for aggressively promoting U.S. Democratic presidential candidate Bernie Sanders have been allowed back on the dating app and say … More »Two Sanders supporters back on Tinder after brief ban

    Democratic U.S. presidential candidate Bernie Sanders  speaks during a rally at Great Bay Community College in Portsmouth, New Hampshire

    Two women banned from Tinder last week for aggressively promoting U.S. Democratic presidential candidate Bernie Sanders have been allowed back on the dating app and say they will resume telling prospective matches to "feel the Bern." Robyn Gedrich, 23, from New Jersey, and Haley Lent, 22, from Iowa, were locked out of …

  • Japan's newly appointed Economics Minister Ishihara walks into Japan's Prime Minister Abe's official residence in Tokyo
    Japan econmin Ishihara - Yen gains due to safe-haven flows Reuters - 5 hours ago

    TOKYO (Reuters) - Japanese Economy Minister Nobuteru Ishihara said on Tuesday the yen has been gaining recently because investors consider it to be a relatively safe … More »Japan econmin Ishihara - Yen gains due to safe-haven flows

    Japan's newly appointed Economics Minister Ishihara walks into Japan's Prime Minister Abe's official residence in Tokyo

    TOKYO (Reuters) - Japanese Economy Minister Nobuteru Ishihara said on Tuesday the yen has been gaining recently because investors consider it to be a relatively safe asset amid growing concern about the outlook for oil prices and emerging markets. Ishihara, speaking to reporters, said that he wanted to watch financial markets …

  • Motorists ride past a billboard displaying Facebook's Free Basics initiative in Mumbai, India
    India introduces net neutrality rules barring Facebook's free Internet By Sankalp Phartiyal and Himank Sharma - Reuters - 5 hours ago

    By Sankalp Phartiyal and Himank Sharma NEW DELHI/MUMBAI (Reuters) - India introduced rules on Monday to prevent Internet service providers from having different pricing … More »India introduces net neutrality rules barring Facebook's free Internet

    Motorists ride past a billboard displaying Facebook's Free Basics initiative in Mumbai, India

    By Sankalp Phartiyal and Himank Sharma NEW DELHI/MUMBAI (Reuters) - India introduced rules on Monday to prevent Internet service providers from having different pricing policies for accessing different parts of the Web, in a setback to Facebook Inc's plan to roll out a pared-back free Internet service to the masses. The …

  • Australian products are displayed for sale in a store in Sydney, Australia
    Monkey business - As China tourists tighten belt, retailers face unhappy New Year By Jarni Blakkarly and Stella Tsang - Reuters - 5 hours ago

    By Jarni Blakkarly and Stella Tsang SYDNEY/HONG KONG (Reuters) - Watching a lone browser in his Sydney Chinatown shop, Bing Chen is worried business is being squeezed … More »Monkey business - As China tourists tighten belt, retailers face unhappy New Year

    Australian products are displayed for sale in a store in Sydney, Australia

    By Jarni Blakkarly and Stella Tsang SYDNEY/HONG KONG (Reuters) - Watching a lone browser in his Sydney Chinatown shop, Bing Chen is worried business is being squeezed this Lunar New Year by what's ailing the world economy at large - the weakest Chinese economy in 25 years. In years gone by, Chen would stay open until …

  • A Tesla car 'Model S' sits in a dealership in Berlin
    Now it is Tesla's turn to confront the bears By Alexandria Sage - Reuters - 6 hours ago

    Tesla Motors Inc faces a pivotal moment Wednesday in its fight to convince skeptical investors that it can still win against traditional auto makers in the competition … More »Now it is Tesla's turn to confront the bears

    A Tesla car 'Model S' sits in a dealership in Berlin

    Tesla Motors Inc faces a pivotal moment Wednesday in its fight to convince skeptical investors that it can still win against traditional auto makers in the competition to reshape the auto business.

  • The Yelp Inc. logo is seen in their offices in Chicago, Illinois
    Yelp posts smaller-than-expected loss; CFO to step down By AlanJohn Koshy - Reuters - 6 hours ago

    Consumer review website operator Yelp Inc reported a smaller-than-expected loss on Monday, but its shares slumped 11 percent, swept up in a broader selloff in the technology … More »Yelp posts smaller-than-expected loss; CFO to step down

    The Yelp Inc. logo is seen in their offices in Chicago, Illinois

    Consumer review website operator Yelp Inc reported a smaller-than-expected loss on Monday, but its shares slumped 11 percent, swept up in a broader selloff in the technology sector coupled with a weak adjusted EBITDA forecast. Yelp also said Chief Financial Officer Rob Krolik would step down later this year but did not …

  • Japan's Finance Minister Aso delivers his policy speech at the lower house of parliament in Tokyo
    Japan's Aso warns against yen rise, describes moves as 'rough' By Tetsushi Kajimoto - Reuters - 7 hours ago

    By Tetsushi Kajimoto TOKYO (Reuters) - Japanese Finance Minister Taro Aso warned on Tuesday against a recent rise in the yen, describing the moves as "rough", a sign … More »Japan's Aso warns against yen rise, describes moves as 'rough'

    Japan's Finance Minister Aso delivers his policy speech at the lower house of parliament in Tokyo

    By Tetsushi Kajimoto TOKYO (Reuters) - Japanese Finance Minister Taro Aso warned on Tuesday against a recent rise in the yen, describing the moves as "rough", a sign that policymakers are concerned the currency's gains may offset the positive effects from "Abenomics" stimulus policy. Japan's top currency diplomat Masatsugu …

  • Workers are seen walking during the lunch hour in the City of London, in Britain
    UK plans new data rules to boost banking competition By Huw Jones - Reuters - 7 hours ago

    By Huw Jones LONDON (Reuters) - New data-sharing rules could be introduced in Britain from the end of this year to encourage innovation and competition in banking, an … More »UK plans new data rules to boost banking competition

    Workers are seen walking during the lunch hour in the City of London, in Britain

    By Huw Jones LONDON (Reuters) - New data-sharing rules could be introduced in Britain from the end of this year to encourage innovation and competition in banking, an industry working group said on Tuesday. A common data-sharing standard would make it easier for customers to find the right financial products and for companies …

  • Japan's top FX diplomat says watching for any excessive yen moves - Nikkei Reuters - 7 hours ago

    Japan's top currency diplomat Masatsugu Asakawa said he was watching daily exchange-rate moves carefully to check for excessive volatility, the daily Nikkei newspaper … More »Japan's top FX diplomat says watching for any excessive yen moves - Nikkei

    Japan's top currency diplomat Masatsugu Asakawa said he was watching daily exchange-rate moves carefully to check for excessive volatility, the daily Nikkei newspaper reported. "Buying pressure has concentrated on the yen as a safe haven as global financial markets were unstable," Asakawa said in an interview in Tuesday's …

  • U.S. health official - Widespread Zika vaccine not likely to be available for years Reuters - 7 hours ago

    (Reuters) - U.S. health officials said on Monday that a widespread vaccine to combat the Zika virus will likely not be available for years. Dr. Anthony Fauci, director … More »U.S. health official - Widespread Zika vaccine not likely to be available for years

    (Reuters) - U.S. health officials said on Monday that a widespread vaccine to combat the Zika virus will likely not be available for years. Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, told reporters during a briefing at the White House that initial steps are under way but health …

  • File picture shows left-wing protesters, one holding a placard bearing the logo of Israeli NGO Peace Now, taking part in a protest in Tel Aviv
    Israel NGO bill, seen as targeting left-wing groups, crosses first hurdle By Jeffrey Heller - Reuters - 8 hours ago

    By Jeffrey Heller JERUSALEM (Reuters) - A bill that opponents say targets Israeli human rights groups critical of Israel's policies towards the Palestinians won initial … More »Israel NGO bill, seen as targeting left-wing groups, crosses first hurdle

    File picture shows left-wing protesters, one holding a placard bearing the logo of Israeli NGO Peace Now, taking part in a protest in Tel Aviv

    By Jeffrey Heller JERUSALEM (Reuters) - A bill that opponents say targets Israeli human rights groups critical of Israel's policies towards the Palestinians won initial approval in parliament on Monday with the support of right-wing parties. Called a "transparency bill" by its sponsor, far-right Justice Minister Ayelet …

  • Traders work with a floor official on the floor of the NYSE
    Growth worries, rate hike uncertainty pull Wall Street down By Caroline Valetkevitch - Reuters - 8 hours ago

    Uncertainty over whether the Federal Reserve would raise rates this year also dragged down U.S. bank stocks, pushing the S&P financial index <.SPSY> down 2.6 percent. … More »Growth worries, rate hike uncertainty pull Wall Street down

    Traders work with a floor official on the floor of the NYSE

    Uncertainty over whether the Federal Reserve would raise rates this year also dragged down U.S. bank stocks, pushing the S&P financial index <.SPSY> down 2.6 percent. The index is off 14.6 percent for the year, the worst-performing of the 10 major S&P sectors. “Investors’ attitudes seem to be worsening relative to the …

  • The Cisco Systems logo is seen as part of a display at the Microsoft Ignite technology conference in Chicago
    Cisco's quarterly report to offer gauge of technology demand By Noel Randewich - Reuters - 8 hours ago

    By Noel Randewich SAN FRANCISCO (Reuters) - Investors spooked by a steep sell-off in enterprise tech stocks will get a fresh glimpse of the health of technology spending … More »Cisco's quarterly report to offer gauge of technology demand

    The Cisco Systems logo is seen as part of a display at the Microsoft Ignite technology conference in Chicago

    By Noel Randewich SAN FRANCISCO (Reuters) - Investors spooked by a steep sell-off in enterprise tech stocks will get a fresh glimpse of the health of technology spending on Wednesday when bellwether Cisco Systems Inc posts its quarterly results. The networking equipment maker is the largest of several companies reporting …

  • Mercedes F1 driver Hamilton celebrates winning the Russian F1 GP with Cowell in Sochi
    Mercedes expect McLaren to raise their game Reuters - 9 hours ago

    Formula One champions Mercedes expect to be beaten by Ferrari this season and also see McLaren catching up fast after a dismal 2015 for the Honda-powered team, engine … More »Mercedes expect McLaren to raise their game

    Mercedes F1 driver Hamilton celebrates winning the Russian F1 GP with Cowell in Sochi

    Formula One champions Mercedes expect to be beaten by Ferrari this season and also see McLaren catching up fast after a dismal 2015 for the Honda-powered team, engine head Andy Cowell said. Everybody here is assuming we're going to get beaten by Ferrari, and Honda are a big threat," the BBC quoted the Mercedes executive …

  • Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt
    Shares tumble on global growth concerns; Treasury yields fall By Sam Forgione - Reuters - 9 hours ago

    By Sam Forgione NEW YORK (Reuters) - Stock indexes worldwide tumbled on Monday, led by banking stocks in Europe and technology stocks on Wall Street on persisting fears … More »Shares tumble on global growth concerns; Treasury yields fall

    Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt

    By Sam Forgione NEW YORK (Reuters) - Stock indexes worldwide tumbled on Monday, led by banking stocks in Europe and technology stocks on Wall Street on persisting fears of a global economic slowdown, while benchmark 10-year Treasury yields hit their lowest in a year on demand for assets deemed less risky. European shares …

  • Japanese market close to reading last rites over Abenomics By Hideyuki Sano and Tomo Uetake - Reuters - 9 hours ago

    By Hideyuki Sano and Tomo Uetake TOKYO (Reuters) - When Prime Minister Shinzo Abe launched his three-pronged programme to revive Japan's stagnant, deflationary economy … More »Japanese market close to reading last rites over Abenomics

    By Hideyuki Sano and Tomo Uetake TOKYO (Reuters) - When Prime Minister Shinzo Abe launched his three-pronged programme to revive Japan's stagnant, deflationary economy three years ago, the stock market cheered every step along the way. The "third arrow" of Abenomics -- reforms to make the economy more productive -- is …

  • U.S. stepping up push for ceasefire, aid in Syria - officials By Lesley Wroughton, Arshad Mohammed and Jonathan Landay - Reuters - 10 hours ago

    By Lesley Wroughton, Arshad Mohammed and Jonathan Landay WASHINGTON (Reuters) - U.S. Secretary of State John Kerry will push to secure an immediate Syrian ceasefire … More »U.S. stepping up push for ceasefire, aid in Syria - officials

    By Lesley Wroughton, Arshad Mohammed and Jonathan Landay WASHINGTON (Reuters) - U.S. Secretary of State John Kerry will push to secure an immediate Syrian ceasefire and aid for civilians ahead of a crucial meeting in Munich this week as he seeks to keep a fragile peace process alive, U.S. officials said. The renewed struggle …

  • Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration, in Beijing
    Dollar hits 15-month low vs yen as markets re-think BoJ rate cut By Dion Rabouin - Reuters - 10 hours ago

    By Dion Rabouin NEW YORK (Reuters) - The dollar fell to a 15-month low against the yen on Monday as a renewed slide in oil prices and doubts about the effectiveness … More »Dollar hits 15-month low vs yen as markets re-think BoJ rate cut

    Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration, in Beijing

    By Dion Rabouin NEW YORK (Reuters) - The dollar fell to a 15-month low against the yen on Monday as a renewed slide in oil prices and doubts about the effectiveness of the Bank of Japan's negative interest-rate policy drove investors back into the safe-haven currency. After gaining overnight, crude oil futures again fell, …

  • Netanyahu listens to Elkin during a meeting at parliament in Jerusalem
    Israel may bank on Obama's successor for future U.S. aid pact - minister By Dan Williams and Matt Spetalnick - Reuters - 10 hours ago

    By Dan Williams and Matt Spetalnick JERUSALEM/WASHINGTON (Reuters) - Israel may be unable to reach a new defence aid agreement with the Obama administration and could … More »Israel may bank on Obama's successor for future U.S. aid pact - minister

    Netanyahu listens to Elkin during a meeting at parliament in Jerusalem

    By Dan Williams and Matt Spetalnick JERUSALEM/WASHINGTON (Reuters) - Israel may be unable to reach a new defence aid agreement with the Obama administration and could wait for the next U.S. president to secure better terms, a senior Israeli official said on Monday in a veiled rebuke signalling a snag in negotiations.  …