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.
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
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
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
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
TOKYO - Apple Inc and Amazon.com Inc will join Foxconn's bid for Toshiba Corp's semiconductor business, the Nikkei business daily quoted Foxconn Chairman Terry Gou as saying on Monday.
The two U.S. technology giants plan to "chip in funds", Gou said in an interview, according to the newspaper. I