Upbeat employment report underscores U.S. economic strength
WASHINGTON (Reuters) – U.S. employers hired the most workers in 10 months in December while boosting wages, pointing to sustained strength in the economy that could ease fears of a…
U.S. third-quarter growth trimmed; business spending slowing
WASHINGTON (Reuters) – The U.S. economy slowed slightly more than previously estimated in the third quarter and momentum appears to have moderated further in the fourth quarter, with new orders…
In major shift, U.S. now exports more oil than it ships in
(Reuters) – The United States last week exported more crude oil and fuel than it imported for the first time on record, according to data released on Thursday, the same…
Oil rises after Russia leans towards output cut
NEW YORK (Reuters) – Oil reversed course and rose as much as 3 percent on Thursday, after industry sources said Russia had accepted the need to cut production, together with…
Unilever CEO retires after headquarters row, replaced by insider Jope
LONDON (Reuters) – Unilever’s (ULVR.L) Chief Executive Paul Polman will step down next month after 10 years in the job, leaving insider Alan Jope to step into his shoes after…
China orders halt to gene-editing after outcry over babies
SHANGHAI (Reuters) – The Chinese government on Thursday ordered a temporary halt to research activities for people involved in the editing of human genes, after a Chinese scientist said he…
Oil weighed down by record Saudi output; markets eye G20, OPEC meetings
SINGAPORE (Reuters) – Record Saudi oil production pulled down crude prices on Tuesday amid cautious trading ahead of the G20 gathering that starts in Argentina on Friday and next week’s…
Investors caught in crossfire of fight for holiday shoppers
NEW YORK (Reuters) – Investors would normally be thankful for a strong U.S. economy, yet this holiday season they worry retailers may have to spend heavily to win, leaving shareholders…
U.S. regulators snip red tape for medical devices to curb opioid crisis
(Reuters) – Laura Perryman expected her medical company, Stimwave Technologies Inc, would have to wait several years for its painkilling device to win U.S. approval as a treatment for chronic…
Spenders or thrifters: As Singles’ Day nears, are China’s shoppers about to drop?
SHANGHAI (Reuters) – China is gearing up for the biggest shopping event of the year on Sunday, a day dominated by e-commerce giant Alibaba Group Holding Ltd (BABA.N) which saw…