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Thursday, November 23, 2017

China stocks suffer mauling, Fed leaves dollar in a daze

LONDON (Reuters) - The dollar was on the defensive Thursday after suffering its worst drubbing in five months, as the biggest slump in Chinese stocks in almost two years took the shine off another record high in the global bull run.

Fed policymakers say rate increase likely warranted soon: minutes

WASHINGTON, Nov 22 (Reuters) - Many Federal Reserve policymakers expect that interest rates will have to be raised in the "near term," according to the minutes of the U.S. central bank's last policy meeting released on Wednesday.

Uber's messy data breach collides with launch of SoftBank deal

TORONTO/SAN FRANCISCO (Reuters) - A newspaper advertisement for an Uber Technologies Inc stock sale was juxtaposed on Wednesday with a report that the ride-service provider had covered up a data hack - something of a metaphor for Uber, a company with boundless investor interest, but whose penchant for rule-breaking has led to a series of scandals.

Amazon starts Australian trial after months of hype

SYDNEY (Reuters) - Amazon.com Inc's Australian arm began an order-taking trial on Thursday, giving life to the hype which has preceded its arrival in the world's No. 12 economy and weighed on the shares of the brick-and-mortar retail sector.

Broadcom considering sweetened Qualcomm bid: sources

(Reuters) - Chipmaker Broadcom Ltd is considering raising its offer to buy rival Qualcomm Inc by offering more of its own stock, following consultation with several of Qualcomm's top shareholders, according to people familiar with the matter.

HPE CEO Whitman's surprise exit stumps Wall Street

(Reuters) - Shares of Hewlett Packard Enterprise Co fell 6 percent on Wednesday after Chief Executive Officer Meg Whitman's decision to step down from the role took Wall Street by surprise.

Teva Pharmaceutical set for major layoffs in Israel, U.S.: report

TEL AVIV (Reuters) - Teva Pharmaceutical Industries is expected to cut 20-25 percent of its 6,860 workers in Israel and a few thousand more in the United States, financial news website Calcalist reported on Thursday.

Tesla cranks up big battery in Australia

MELBOURNE (Reuters) - Tesla Inc has completed construction of the world's largest lithium ion battery in Australia, putting it on track to meet a 100-day deadline for switching the battery packs on, the South Australian government said on Thursday.

Lyft raises another $500 million in additional round of funding

The additional funding round, led by Alphabet Inc's CapitalG, is an extension of the $1 billion round announced in October.

China's Okay Airways orders five Boeing 787-9 Dreamliners for $1.4 billion

BEIJING (Reuters) - Boeing and Okay Airways, China's first privately owned airline, have finalised an order for five 787-9 Dreamliners for $1.4 billion, Boeing said on Thursday.