Facebook's chief of communications, policy to step down

Facebook's chief of communications, policy to step down

SAN FRANCISCO (Reuters) - Facebook Inc said on Thursday that Elliot Schrage, who as head of communications and public policy has led the social network's response to scandals about privacy and election meddling, would step down from the company after a decade.

Oil mixed as dollar gains and key OPEC meeting looms

NEW YORK (Reuters) - Oil prices were mixed on Thursday, with Brent slipping and U.S. crude gaining, as a stronger dollar weighed and a key supply-setting meeting of the Organization of the Petroleum Exporting Countries loomed.

Euro craters, dollar soars, as ECB holds off on rate hikes

NEW YORK (Reuters) - The U.S. dollar rose against a basket of major currencies by more than a penny as the euro cratered, and U.S. stocks ticked up in afternoon trading on Thursday, as the European Central Bank signaled interest rate hikes were a long way off.

Elon Musk's Boring Co to build high-speed commuter system in Chicago

CHICAGO (Reuters) - Chicago has selected billionaire entrepreneur Elon Musk's Boring Co to build a high-speed underground commuter system from the downtown Loop district to O'Hare International Airport, one of the world's busiest, the company and the mayor's office said.

Exclusive: Microsoft takes aim at Amazon with push for checkout-free retail

SAN FRANCISCO (Reuters) - Microsoft Corp is working on technology that would eliminate cashiers and checkout lines from stores, in a nascent challenge to Amazon.com Inc's automated grocery shop, six people familiar with the matter told Reuters.

Euro falls most since Brexit as ECB delays rate hikes into 2019

NEW YORK (Reuters) - The euro on Thursday suffered its worst day against the dollar since the UK's Brexit vote nearly two years ago after the European Central Bank unexpectedly indicated that it planned to keep interest rates at record lows into the summer of 2019.

S&P 500, Nasdaq edge higher as ECB puts off rate hike

NEW YORK (Reuters) - The S&P 500 and Nasdaq rose on Thursday after the European Central Bank said it would not raise interest rates until mid-2019, a day after the U.S. Federal Reserve increased its key rate and hinted at two more hikes by the end of 2018.

Deutsche Bank sells $1 billion non-performing ship loan portfolio: sources

FRANKFURT/LONDON (Reuters) - Deutsche Bank has found a buyer for the bulk of its bad ship loans as it seeks to draw a line under sour investments in the sector and to start a fresh push in transport lending, people close to the matter said.

Canada says agreed with U.S. to keep NAFTA alive, no talks set

(Reuters) - Canada agreed with the United States on Thursday that slow-moving talks to update NAFTA should continue although they did not set a date for the next round, a senior official said in remarks casting further doubt on the chances of a deal this year.

Exclusive: Amazon to tap Brazil beauty obsession with cosmetics partners

SAO PAULO (Reuters) - Amazon.com Inc is recruiting major Brazilian cosmetics firms Grupo Boticario and Natura Cosmeticos SA to sell via the logistics platform it is developing in Brazil, three people familiar with talks told Reuters, making an early play for the world's fourth-largest beauty market.

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