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Updated: 9 hours 37 min ago

Longer-term data fail to clear concern over Takeda's dengue vaccine

Sat, 11/23/2019 - 22:44
An additional six months of data from a late-stage trial of Takeda Pharmaceutical Co's experimental dengue vaccine again showed it failed to protect against one of the four types of the virus in an important patient group, researchers said on Saturday.

Namibia's former fisheries minister, ex-Investec manager arrested on corruption charges

Sat, 11/23/2019 - 22:32
Namibian police on Saturday arrested the former Minister of Fisheries Bernhardt Esau and a former senior manager of investment firm Investec on charges of corruption.

IMF to continue new-loan talks with Ukraine in coming weeks

Sat, 11/23/2019 - 20:02
The International Monetary Fund said on Saturday it will continue talks with Ukraine about a new support program in coming weeks following significant progress in discussions so far with Kiev.

Jet industry's grand masters fight to a draw in Dubai

Sat, 11/23/2019 - 19:52
After insisting for 15 years that the superjumbo is the future, Emirates airline has been forced by the demise of the A380 to embrace smaller wide-body jets, resulting in a flurry of manoeuvres between planemakers at this week's Dubai Airshow.

Egypt signs $430-million gas deal with Texas' Noble Energy

Sat, 11/23/2019 - 18:37
Egypt said on Saturday it had signed several multimillion-dollar energy investment accords including a $430-million deal for Texas-based Noble Energy to pump natural gas through the East Mediterranean Gas Company's pipeline.

Bharti, Vodafone Idea approach India's top court on payment of dues - media

Sat, 11/23/2019 - 14:59
India's top telecom firms, Bharti Airtel and Vodafone Idea, have asked the Supreme Court to review a ruling forcing them to pay the bulk of outstanding government dues of $13 billion, media said on Saturday.

Exclusive: India's urban unemployment rate slows in March quarter - government data

Sat, 11/23/2019 - 10:24
India's urban unemployment rate between January and March this year fell to 9.3%, the lowest in at least four quarters, according to an unpublished government report reviewed by Reuters.

Amazon files lawsuit contesting Pentagon's $10 billion cloud contract to Microsoft

Sat, 11/23/2019 - 09:34 Inc filed a lawsuit in a federal U.S. court on Friday contesting the U.S. Defense Department's decision last month to award a Pentagon cloud computing contract worth up to $10 billion (£7.8 billion) to rival bidder Microsoft Corp .

India courts private hospitals to boost 'Modicare' insurance programme

Sat, 11/23/2019 - 07:53
India will offer incentives to private hospitals to take part in the government's health insurance programme, potentially the biggest of its kind in the world, a senior government official told Reuters.

Samsung Heavy Industries to pay $75 million to resolve foreign bribery case - U.S.

Sat, 11/23/2019 - 06:58
Samsung heavy industries Co Ltd has agreed to pay more than $75 million in criminal penalties to resolve a U.S. investigation of a scheme to pay millions of dollars in bribes to officials in Brazil, the U.S. Justice Department said on Friday.

Wall Street rises with U.S.-China trade mood, upbeat economic data

Sat, 11/23/2019 - 04:44
Wall Street advanced on Friday as both Washington and Beijing made positive comments on the potential for a trade deal between the world's two biggest economies and upbeat domestic economic data helped to ease investor worries.

WeWork names new executives, path to profitability by 2023 - report

Sat, 11/23/2019 - 04:30
WeWork named four men to executive roles on Friday and outlined a six-point path to profitability, though the money-losing flexible office space operator said it will not be cash flow positive until 2023, according to a media report.

Oil pulls back from two-month highs on China trade worries

Sat, 11/23/2019 - 03:53
Oil prices fell on Friday, pulling back from two-month highs as concern over U.S.-China trade talks overshadowed expectations of an extension to OPEC+ production cuts.

Dollar, global shares gain on Xi, Trump remarks

Sat, 11/23/2019 - 03:25
The dollar gained and global equity markets rose on Friday on upbeat U.S. economic data while amicable messages from Chinese President Xi Jinping and U.S. President Donald Trump helped defuse tensions over the prolonged U.S.-Sino trade war.

EU countries back tough line on 5G suppliers in potential blow to Huawei

Sat, 11/23/2019 - 02:25
EU countries on Friday endorsed a tough line for selecting 5G suppliers, including vetting the domestic legal framework to which they are subjected, potentially dealing a blow to telecoms equipment market leader Huawei Technologies.

Exclusive: UniCredit clinches deal to cut exposure to Turkish lender Yapi Kredi - sources

Sat, 11/23/2019 - 01:51
UniCredit has struck a deal to reduce its exposure to Turkey's Yapi Kredi , three sources told Reuters, a move seen as a first step towards the Italian bank's full exit from the recession-hit country.

Wall Street Week Ahead - Conditions may be set for Santa Claus rally

Sat, 11/23/2019 - 01:37
A year after the U.S. stock market plunged, many investors believe conditions are in place to avoid another year-end pullback and possibly set the stage for a rally to finish off 2019.

Boeing's top communications official to retire as 737 MAX crisis drags on

Sat, 11/23/2019 - 01:24
Boeing Co's head of corporate communications, Anne Toulouse, elected to step down from her role and would retire next year, the world's largest planemaker said on Friday.

Upbeat data lifts dollar; trade uncertainties linger

Sat, 11/23/2019 - 01:19
The U.S. dollar shook off early weakness to advance against a basket of currencies on Friday, after data showed U.S. factory and services activity quickened in November in a sign of the continued resilience of the U.S. economy.

U.S. agency votes 5-0 to bar China's Huawei, ZTE from government subsidy programme

Sat, 11/23/2019 - 00:46
The U.S. Federal Communications Commission (FCC) voted 5-0 Friday to designate China's Huawei and ZTE as national security risks, barring their U.S. rural carrier customers from tapping an $8.5 billion government fund to purchase equipment.