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Swiss watchmakers say slowing growth in China won't hurt sales this year

Swiss watchmakers are confident they can grow sales this year even in the face of a cooling Chinese economy, executives told Reuters at an industry fair on Thursday, as demand strengthens in other markets like the United States and Britain.
Tags: Money, China, businessNews, United States, Reuters


Marqeta files to raise $250M on a $1.9B valuation

The world of digital payments continues to power ahead — fuelled by the continuing growth of e-commerce and fintech — and now one of the bigger startups making waves in the secotr is raising a huge round of funding. TechCrunch has learned that Marqeta — a payment processing company that works in the area of powering payment cards on behalf of other brands along with related services — is in the process of raising $250 million on a valuation of $1.875 billion. The figures come by way of a Delawar...
Tags: Europe, Finance, Funding, US, Tech, Banking, Accenture, Max Levchin, Delaware, Reuters, Oakland CA, Iconiq, Marqeta, Granite Ventures, PrimeUnicornIndex Marqeta, Iconiq Goldman Sachs Visa


Military action against Venezuela is imminent

After the US exhausted all meaningful economic and legal sanctions against Maduro and his inner circle, and despite threats that direction action or violence against Guido or his supporters would potentially result in military action... Maduro black-bagged Guido's chief of staff at zero-dark-thirty this morning. Quote: CARACAS (Reuters) - Venezuelan opposition leader Juan Guaido said on Thursday intelligence agents had detained his chief of staff during a pre-...
Tags: US, Venezuela, Weapon, Nicolás Maduro, Political News and Discussion, Reuters, Caracas, Maduro, Guido, Trump Pence, Juan Guaido


MIDEAST STOCKS- #Saudi near-4 year high days after entering FTSE Russell index | Reuters

MIDEAST STOCKS-Saudi near-4 year high days after entering FTSE Russell index | Reuters:All of Saudi Arabia's banks rose onThursday, lifting its stock exchange to a near-four year highfollowing its inclusion in the FTSE Russell's emerging-marketindex this week.Saudi's Tadawul index will have a weighting of 2.9percent in the FTSE Emerging All Cap Index and this year willjoin the MSCI emerging market benchmark. The market ispositioned for passive fund inflows of around $20 billion.Saudi Arabia's in...
Tags: Travel, Saudi Arabia, Reuters, Tadawul, MSCI, Russell, Riyad Bank, Rupert Neil Bumfrey, Al Rajhi Bank


KKR raising first Asia real estate fund, targeting $1.5 billion: Reuters

HONG KONG (Reuters) – Global investment powerhouse KKR & Co Inc is raising its first Asia-focused real estate fund, targeting $1.5 billion as it looks to deepen its real estate portfolio in the region, said people with knowledge of the matter. The New York-headquartered private equity firm is moving toward first-close of the fund late in the second quarter, the people said, declining to be named as the information is confidential. The firm itself will commit about $250 million in capital, and po...
Tags: Asia, Hong Kong, New York, India, Trends, Asia Pacific, Funds, Goldman Sachs, Seoul, KKR, Reuters, Reuters Global, Blackstone Group, CLSA, Gangnam, Pattar




Pilots searched for right checklist before Lion Air crash: investigators

The details revealed at a press conference corroborated a Reuters report on Wednesday that was based on three sources with knowledge of the cockpit voice recorder's contents. Investigators said they have 90 percent of the data needed for a final report on the October crash that killed 189 people. Nurcahyo Utomo, an investigator at Indonesia's national transportation committee (KNKT) said the recording showed there was "panic" in the cockpit in the last 20 seconds of the flight.
Tags: News, Indonesia, Reuters, Lion Air, KNKT, Nurcahyo Utomo


MIDEAST STOCKS-Real estate hurts #Dubai, ex-dividend stocks weigh on #Qatar | Reuters

MIDEAST STOCKS-Real estate hurts Dubai, ex-dividend stocks weigh on Qatar | Reuters:Dubai’s stock market dropped on Thursday, weighed down by its property shares, while Qatar slipped as its heavyweight stocks traded ex-dividend.In Dubai, the index fell 0.7 percent after four straight days of gains, with blue-chip developer Emaar Properties decreasing 1.7 percent. Its board proposed a full-year dividend of 15 fils a share.Emaar’s unit Emaar Malls fell 2.3 percent after declaring an unchanged full...
Tags: Travel, Qatar, Dubai, Reuters, Emaar Properties, Emaar, Rupert Neil Bumfrey, Emaar Malls


Volvo To Add In-Car Sensors To Prevent Drunk Driving

Volvo is installing cameras and sensors in its cars from the early 2020s, monitoring drivers for signs of being drunk or distracted and intervening to prevent accidents. These new safety features come a couple weeks after the automaker announced it will limit the top speed to 112mph on all its new cars from 2020 to help reduce the number of accidents. Reuters reports: Head of R&D Henrik Green said cameras will be installed on all Volvo models built on its SPA2 platform for larger cars, starting ...
Tags: Tech, Cma, Volvo, Reuters, Hakan Samuelsson, Henrik Green


Jazz Pharma's sleep disorder treatment gets FDA nod

By Aakash B (Reuters) - The U.S. Food and Drug Administration approved Jazz Pharmaceuticals Plc's treatment for patients with a form of sleep disorder, the company said on Wednesday. The drug, solriamfetol, will treat excessive sleepiness in adult patients with narcolepsy or obstructive sleep apnea (OSA). The decision is a big win for the drugmaker whose patents covering its blockbuster narcolepsy drug, Xyrem, was declared invalid by a U.S. appeals court in July. (Reporting by Aakash Jagadee...
Tags: Science, Fda, Bengaluru, Reuters, U S Food and Drug Administration, Jazz Pharmaceuticals Plc, Jazz Pharma, Supriya Roy, Aakash Jagadeesh Babu


Brazil will only extend ethanol quota for US if US takes more sugar

In Washington, Reuters reports that Brazil and the US haven’t made progress on negotiations regarding a renewal of the ethanol quota for US exports to Brazil that expires in a few months due to Washington’s lack of interest in negotiating further sugar market access in exchange. The Brazilian agriculture minister told Reuters in an interview that talks between the two countries’ presidents and senior staff didn’t make much headroom on agriculture at all such as beef and pork.
Tags: Washington, US, Policy, Brazil, Ethanol, Reuters


Senate panel to hold aviation safety hearing after two Boeing 737 Max crashes

Panel plans to call Boeing and other aviation manufacturers to testify following fatal Ethiopian Airlines and Lion Air crashes FAA said in a bulletin to foreign regulators and airlines that its ‘ongoing review of this software installation and training is an agency priority, as will be the rollout of any software, training or other measures’. Photograph: Joshua Roberts/Reuters A US Senate committee plans a hearing on 27 March on aviation safety after two fatal Boeing 737 Max 8 aircraft crashe...
Tags: Texas, Science, Indonesia, Senate, US, Nasa, International Space Station, Ted Cruz, Ethiopia, Faa, Boeing, Federal Aviation Administration, Reuters, Ethiopian Airlines, National Transportation Safety Board, Lion Air


Battle for last Islamic State enclave edges toward its end

The operation to take Islamic State's last enclave in eastern Syria looked close to an end on Wednesday, with no sign of clashes as U.S.-backed fighters said they were combing the area for hidden jihadists. Reuters reporters overlooking Baghouz from a hill on the bank of the Euphrates at the Iraqi border said the area was calm, and the Syrian Democratic Forces (SDF) militia searched for tunnels and landmines, an SDF official said. The SDF on Tuesday captured an encampment where the jihadists h...
Tags: News, Islamic State, Syria, Reuters, SDF, Euphrates, Syrian Democratic Forces SDF, Baghouz


Jury Finds Bayer's Roundup Weedkiller Caused Man's Cancer

An anonymous reader quotes a report from Reuters: Shares in Germany's Bayer's fell more than 12 percent on Wednesday after a second U.S. jury ruled its Roundup weed killer caused cancer. Tuesday's unanimous jury decision in San Francisco federal court was not a finding of Bayer's liability for the cancer of plaintiff Edwin Hardeman. Liability and damages will be decided by the same jury in a second trial phase beginning on Wednesday. Bayer, which denies allegations that glyphosate or Roundup cau...
Tags: California, Germany, San Francisco, Tech, United States, Monsanto, Bayer, Reuters, Hodgkin, HARDEMAN, Chhabria, Vince Chhabria, Edwin Hardeman


Deutsche Bank merger talks heighten uncertainty for U.S. staff

Deutsche Bank AG's merger talks with Commerzbank AG has put its 10,000 U.S. workers on edge, three employees told Reuters, with some concerned a deal could pressure Deutsche to further shrink or even dispose of its U.S. businesses.
Tags: Money, businessNews, Deutsche Bank, Reuters, Commerzbank AG, Deutsche, Deutsche Bank AG


U.S. oil prices rise above $60 per barrel on tightening supply

NEW YORK (Reuters) - U.S. crude prices rose to a four-month high above $60 a barrel after government data showed tightening oil supplies in the United States, but gains were capped by concerns over global economic growth due to the ongoing U.S.-China trade dispute.
Tags: New York, Science, China, United States, Reuters


Oil majors rush to dominate U.S. shale as independents scale back | Reuters

Oil majors rush to dominate U.S. shale as independents scale back | Reuters:In New Mexico’s Chihuahuan Desert, Exxon Mobil Corp is building a massive shale oil project that its executives boast will allow it to ride out the industry’s notorious boom-and-bust cycles.Workers at its Remuda lease near Carlsbad - part of a staff of 5,000 spread across New Mexico and Texas - are drilling wells, operating fleets of hydraulic pumps and digging trenches for pipelines.The sprawling site reflects the massi...
Tags: Travel, Texas, New Mexico, Reuters, Carlsbad, Permian Basin, Rupert Neil Bumfrey, Chihuahuan Desert Exxon Mobil Corp, Drillinginfo Inc, Remuda


Morning Docket: 03.20.19

* "It’ll never happen. I guarantee it won’t happen for six years." Contrary to what Democratic presidential candidates are suggesting, President Trump doesn't want anything to do with expanding the size of the Supreme Court. [Reuters] * As it turns out, special counsel Robert Mueller was investigating Michael Cohen much sooner than he originally led on, and the Cohen probe was handed off to the S.D.N.Y. long before campaign-finance violations were even discovered. [Wall Street Journal] * Tha...
Tags: Real Estate, Crime, Supreme Court, Law, Donald Trump, Campaign Finance, Law Schools, Trump, Reuters, Cohen, Michael Cohen, National Law Journal, Robert Kraft, Robert Mueller, Georgetown Law, Georgetown University Law Center


General Mills lifts profit view on cost cuts, price hikes

Consumer goods companies like General Mills have been raising product prices to make up for rising commodities and transportation costs.
Tags: Finance, Article, General Mills, Reuters, FBN, Fbn/markets, Fox-business/markets, Fox-business/markets/stocks, Fox-business/markets/earnings, Fox-business/industries/food-and-beverage, 0b312b4c-927a-5c03-b00e-e28f1726ed91


Makeup brand Glossier valued at over $1 billion in latest funding round: Reuters

(Reuters) – Glossier Inc, the online cosmetics company with a cult following among millennials, was valued at over $1 billion in a latest funding round led by Sequoia Capital, joining a clutch of billion-dollar makeup brands that are powered by the founders’ social-media popularity. The series D funding round, which raised $100 million, included some existing and new investors such as Tiger Global Management and Spark Capital, Glossier said. Glossier’s products have been worn by Beyonce, Chrissy...
Tags: Yahoo, Trends, Sequoia Capital, Reuters, Emily Weiss, VC Deals, Huda Beauty, Megan Quinn, Oath Inc, Vanessa Wittman, Reuters Glossier Inc, Beyonce Chrissy Teigen Miranda Kerr, PitchBook Data With, Kylie Cosmetics Pat McGrath Labs Jessica Alba


Toshiba Memory IPO likely pushed back two months to November: Reuters

TOKYO (Reuters) – U.S. buyout firm Bain Capital is likely to push back the IPO of Toshiba Memory by around two months, a person with knowledge of the matter said on Wednesday, moving to November what is likely to be one of Japan’s biggest listings this year. Depending on market conditions, the timing could be further pushed as far back as summer 2020, the person said on condition of anonymity, without elaborating on reasons for the initial two-month change. Toshiba Memory is the world’s second-l...
Tags: Japan, Ipo, Trends, IPOs, Tokyo, Bain Capital, Bain, Reuters, Toshiba Corp, Nomura, Jiji, SK Hynix Inc, Toshiba Memory, Toshiba Memory IPO, Mitsubishi UFJ Morgan Stanley


Ahead of third antitrust ruling, Google announces fresh tweaks to Android in Europe

Google is widely expected to be handed a third antitrust fine in Europe this week, with reports suggesting the European Commission’s decision in its long-running could land later today. Right on cue the search giant has PRed another Android product tweak — which it bills as “supporting choice and competition in Europe”. In the coming months Google says it will start prompting users of existing and new Android devices in Europe to ask which browser and search apps they would like to us...
Tags: Apple, Google, Android, Mobile, Apps, Spotify, Europe, France, Tech, Eu, European Union, Search Engines, Smartphone, Image Search, Policy, Chrome Os


Spotify rival Tencent Music posts maiden quarter loss of $130M on one-off costs

Tencent Music Entertainment Group, the Chinese answer to Spotify that Tencent spun out and floated on the New York Stock Exchange in December, reported a net loss of 876 million yuan ($127 million) in its first set of quarterly results since going public. The loss, which TME forecasted in its prospectus filed ahead of the IPO, is mainly due to a one-off 1.52 billion yuan ($221 million) share-based charge related to equity issuance to label partners Warner Music Group and Sony Music Enterta...
Tags: Spotify, China, Ipo, US, Tech, Beijing, Alibaba, Sony, Tencent, Warner Music, Warner, New York Stock Exchange, Sony Music Entertainment, Reuters, Warner Music Group, Universal Music Group


Exclusive: How Iran fuel oil exports beat U.S. sanctions in tanker odyssey to Asia

At least two tankers have ferried Iranian fuel oil to Asia in recent months despite U.S. sanctions against such shipments, according to a Reuters analysis of ship-tracking data and port information, as well as interviews with brokers and traders.
Tags: Asia, Money, Iran, businessNews, Reuters


New Zealand shooting: first burials today as Ardern visits Christchurch victims – live

The prime minister has spoken at Cashmere high school, which lost two students and a former student in Friday’s massacreFull story: Burials begin as Jacinda Ardern urges school students to reject hate Profile: Jacinda Ardern uses solace and steel to guide a broken nationGun owners begin to hand in their weapons 4.15am GMT Reuters have this interview with Farid Ahmed, whose wife Husna was killed in the attack.Husna arrived in New Zealand aged 19, arriving from Bangladesh on her wedding day. W...
Tags: Abc, Indonesia, World news, Australia news, Asia Pacific, Australian politics, New Zealand, Bangladesh, Christchurch, Nz, Reuters, Farid, Winston Peters, Cashmere, Jacinda Ardern, Husna


#Qatar to launch energy-focused Islamic bank with $10 billion capital | Reuters

Qatar to launch energy-focused Islamic bank with $10 billion capital | Reuters:Qatar will launch an energy-focused Islamic lender later this year with a targeted capital of $10 billion to finance both domestic and global projects, an executive said on Tuesday.Tiny but wealthy Qatar is one of the most influential players in the liquefied natural gas market with annual production of about 77 million tonnes, and it plans to increase this over 40 percent to 110 million by 2024.Speaking at an Islamic...
Tags: Travel, Qatar, Doha, Reuters, Islamic Finance, Rupert Neil Bumfrey, Energy Bank


Oil holds near 2019 highs ahead of official U.S weekly data | Reuters

Oil holds near 2019 highs ahead of official U.S weekly data | Reuters:Oil prices held close to four-month highs on Tuesday on expectations that OPEC would continue production cuts through the end of the year and ahead of official weekly U.S. crude inventory data.Brent crude oil futures settled 7 cents higher at $67.61 a barrel, the global benchmark’s highest settlement since November 2018.U.S. West Texas Intermediate (WTI) futures touched its highest since November at $59.57 a barrel but finishe...
Tags: Travel, Opec, Reuters, U S West Texas Intermediate WTI, Rupert Neil Bumfrey


MIDEAST STOCKS- #Saudi inches up after index inclusion, Egypt hits 3-month low | Reuters

MIDEAST STOCKS-Saudi inches up after index inclusion, Egypt hits 3-month low | Reuters:Saudi Arabia's stock index edged up on Tuesday after touching a near-four year high on Monday, which was its first day as a member of FTSE Russell's emerging-market index.Egypt's blue-chip index, meanwhile, was pulled down by a wide sell-off to its biggest intra-day loss this year.Saudi's Tadawul index will have a weighting of 2.9 percent in the FTSE Emerging All Cap Index and later this year will join the MSC...
Tags: Travel, Saudi Arabia, Egypt, Reuters, Tadawul, MSCI, Russell, Rupert Neil Bumfrey


Over 200 dead in Mozambique after Cyclone Idai, millions hit

MAPUTO/HARARE (Reuters) - The number of people killed in a powerful cyclone and flooding in Mozambique has risen above 200, more than doubling the country's death toll from a storm that could rank as one of the worst weather-related disasters in the southern hemisphere. Mozambique's President Filipe Nyusi said in a televised statement following a cabinet meeting on the disaster on Tuesday that the death toll after Cylone Idai now stood at more than 200, up from 84. Winds of up to 170 kph (105 ...
Tags: Science, Africa, United Nations, Zimbabwe, Mozambique, Reuters, Filipe Nyusi, MAPUTO HARARE, Cylone Idai


Japan factory mood hits weakest since 2016 as trade rifts bite - Reuters Tankan

Confidence among Japanese manufacturers hit its weakest in two-and-a-half years in March, a Reuters poll showed, as global trade friction fuelled concerns that a postwar record growth cycle driven by Abenomics may be over.
Tags: Japan, Money, businessNews, Abenomics, Reuters, Reuters Tankan