Global Markets: Asia shares hover near 2-month low as growth, U.S. policy risks weigh

TOKYO - Asian shares hovered near two-month lows on Thursday as softer oil and copper prices and uncertainty over U.S. policy kept many investors on the sidelines, even as some high-tech bellwethers bounced back after a searing sell-off.

MSCI's broadest index of Asia-Pacific shares outside Japan was barely changed. It has slipped 4.7 percent from a 10-year peak hi

U.S. private employment growth eases but manufacturing shines: ADP

NEW YORK  - U.S. private-sector employment growth eased in November even as the manufacturing sector added the most jobs in at least 15 years, a report by a payrolls processor showed on Wednesday.

Private employers added 190,000 jobs last month, down from an unrevised 235,000 in October, the ADP National Employment Report showed. That was roughly in line with exp

LG V30 smartphone launched in Europe

South Korean smartphone maker LG Electronics has started releasing its V30 smartphone in Europe that weighs only 158 grams despite its 6-inch wide display, breaking the stereotype that phablets are normally heavy.

While the phone was released in Italy on Friday through major mobile carriers, the V30 will be launched in Germany, Spain and Poland by the end of December, Yonhap news

Emerging markets debt is so hot, some investors can`t get enough

By Dion Rabouin

NEW YORK  - In their hunt for yield, some investors have been venturing into offerings as exotic as Tajikistan's sovereign bond or Iraq's first sovereign debt sale without U.S. backing in more than a decade only to find out that even those are pricey and hard to get.

Even as emerging markets bonds lost some ground in recent weeks

Saudi Arabia agrees to buy $7 billion in precision munitions from U.S. firms - sources

By Yara Bayoumy and Mike Stone

Saudi Arabia has agreed to buy about $7 billion worth of precision guided munitions from U.S. defense contractors, sources familiar with the matter said, a deal that some lawmakers may object to over American weapons having contributed to civilian deaths in the Saudi campaign in Yemen.

Raytheon Co  and Boeing Co are the companies selected,

Uber paid hackers $100,000, concealed data stolen from 57 million accounts

By Jim Finkle and Heather Somerville

(Reuters) - Uber Technologies Inc paid hackers $100,000 to keep secret a massive breach last year that exposed the data of some 57 million accounts of the ride-service provider, the company said on Tuesday.

Discovery of the company's cover-up of the incident resulted in the firing of two employees who led Uber's response to the ha

Alibaba goes offline with $2.9 billion stake in China`s top grocer

BEIJING  - Internet giant Alibaba Group Holding Ltd said on Monday it would invest HK$22.4 billion ($2.87 billion) for a major stake in China's top hypermart operator, Sun Art Retail Group Ltd, part of a wider push into offline retail.

As part of an alliance with Auchan Retail S.A. and Ruentex Group, Alibaba would buy the stake from Ruentex while Auchan Retai

Airbus faces tricky hurdles over stalled A380 Emirates deal

By Tim Hepher and Alexander Cornwell

DUBAI  - A preliminary deal to sell 36 A380s to Emirates blew up in an Airbus hospitality chalet moments before the Gulf carrier was expected to shower $30 billion on the planemaker and its U.S. rival Boeing at the start of last week's Dubai Airshow.

Two top Emirates officials broke the news to Airbus CEO Tom End

Trump's commercial policy could undermine trade with Latin America

The US trade policy has taken such a drastic turn that it may well affect trade with Latin America, said Sebastian Herreros, the representative for economic affairs of the Economic Commission for Latin America and the Caribbean (ECLAC).

Herreros told Xinhua news agency in an interview that, according to ECLAC, around 24.9 per cent of the total US exports head to Latin America and

Apple's first VP of inclusion and diversity leaves after 6 months

Denise Young Smith, who joined Apple in May as its first Vice President of inclusion and diversity, will leave the company at the end of the year.

"We deeply believe that diversity drives innovation," an Apple spokesperson was quoted as saying by TechCrunch. 

Christie Smith will replace Young Smith to take over the position next year. He had spent 17

Boeing takes head start in Dubai with Emirates Dreamliner order

By Tim Hepher and Alexander Cornwell

DUBAI - Emirates unveiled a preliminary order worth $15 billion for 40 Boeing jets on Sunday, but kept Europe's Airbus waiting for a lifeline order for A380 superjumbos as the Dubai Airshow opened amid worries over tensions in the Middle East.

The largest Middle East carrier signed a draft deal for the largest ve

German advisers want tighter ECB policy, longer Brexit talks

BERLIN  - The European Central Bank should wind down its asset purchases quickly and publish a strategy for normalising its expansive monetary policy, a panel of economic advisers to the German government said on Wednesday.

In their annual report, the five-member German Council of Economic Experts who advise the German government on economic policy said the ECB&#

Analysis: Could the 1987 stock market crash happen again?

By John McCrank and Chuck Mikolajczak

NEW YORK (Reuters) - On the 30th anniversary of the 1987 stock market crash, U.S. stocks are at a record high and investors are concerned that steep valuations may mean a correction is overdue, despite healthy corporate earnings and economic growth.

But could a repeat of "Black Monday" happen today? Modern trading technology, c

British inflation at 5-1/2-year high in September, rate hike on track

By Andy Bruce and Alistair Smout

LONDON - British inflation rose to its highest level in more than five years in September, official data showed on Tuesday, adding to the likelihood that the Bank of England will raise interest rates next month.

Consumer prices last month were 3.0 percent higher than a year ago, the Office for National Statistics said, matchi

As the quartet breaks up, central banking leadership flux looms

By Howard Schneider and Leika Kihara

WASHINGTON  - The leaders of the world's top central banks who risked trillions of dollars and their reputations to rescue the global economy are now set to walk off stage at a time when the lingering effects of the crisis, evolving technology and a combustible political landscape will challenge their successors.

China's crude oil buying spree looks set to continue: IEA

LONDON  - China has built its crude oil stockpiles at a record pace in 2017 and while its purchases could tail off towards the year-end, inventories could hit the billion-barrel mark in six months, the International Energy Agency said.

China has spent around $24 billion on building its crude reserves since 2015, at an average of $50 a barrel, and now holds around

Exclusive: Alphabet's Waymo demanded $1 billion in settlement talks with Uber - sources

By Dan Levine

SAN FRANCISCO - Alphabet Inc's Waymo sought at least $1 billion in damages and a public apology from Uber Technologies Inc as conditions for settling its high-profile trade secret lawsuit against the ride-services company, sources familiar with the proposal told Reuters.

The Waymo self-driving car unit also asked that an independent mo

12/10/2017 12:55:30 PM | Posted in Broking Firm Views read full news
Kobe Steel CEO says data-cheating may have spread beyond Japan as government orders probe

By Yuka Obayashi

TOKYO - Kobe Steel's CEO said on Thursday the firm's data-fabrication may have spread beyond Japan, as he was ordered by the government to report on how the misconduct occurred and address safety concerns that have sparked a scare along global supply chains.

Hiroya Kawasaki told reporters the cheating scandal has left Kobe Steel

12/10/2017 11:53:47 AM | Posted in World Market More News read full news
GE names Jamie Miller as CFO, replacing Bornstein

U.S. industrial conglomerate General Electric Co  said on Friday it promoted Jamie Miller, who has been the head of its transportation unit, to chief financial officer, replacing Jeffrey Bornstein.

The change is the latest since John Flannery took over as company CEO on Aug. 1. Flannery earlier this week was named GE's chairman of the board, three months ahead of schedule, af