Bhinneka News Online: Breaking business news: Stocks set for biggest weekly drop since late 2016 as bond yields rise

Friday, 2 February 2018

Breaking business news: Stocks set for biggest weekly drop since late 2016 as bond yields rise

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Friday, February 2, 2018

Stocks set for biggest weekly drop since late 2016 as bond yields rise

LONDON (Reuters) - World stocks were set to post their biggest weekly drop since late 2016 on Friday, as talk of central bank policy tightening and expectations of higher inflation boosted borrowing costs globally, a move that sparked a sell-off in shares.

Exclusive: Dell, VMware decide to explore options including merger - sources

(Reuters) - U.S. computer maker Dell Technologies Inc and business software provider VMware Inc have decided to explore options that could include a potential merger of the two companies, people familiar with the matter said on Thursday.

Texas shale challenges North Sea crude as world oil benchmark

NEW YORK (Reuters) - Surging shale oil production in Texas and North Dakota is being felt on trading desks in Chicago, Houston and New York, where a brisk business in West Texas Intermediate crude futures is far outpacing contracts for London-based Brent crude.

Bitcoin slides further, headed for worst week since 2013

LONDON (Reuters) - Bitcoin fell 9 percent on Friday, leaving the best-known cryptocurrency down more than 30 percent this week and headed for its worst weekly performance since April 2013.

On Super Bowl Sunday, beer and pizza mainstays face challenges

SAN FRANCISCO (Reuters) - When Americans snack on pizza, beer and guacamole this Sunday as they watch the Philadelphia Eagles square off against the New England Patriots, the Super Bowl will not be the only contest going on in their living rooms.

Strong iPhone prices, cash plans buoy Apple shares after muted outlook

Stronger iPhone prices and hints by Apple Inc on Thursday that it could return more than half of its $285 billion in cash to shareholders eased concerns among investors, even as the world's biggest technology company gave a disappointing revenue outlook for the current quarter.

Sony CEO Hirai to step down, turnaround ally Yoshida to take helm

TOKYO (Reuters) - Japan's Sony Corp said CEO Kazuo Hirai would be handing over the reins to finance chief Kenichiro Yoshida, while it also hiked its annual profit forecast further to a record that highlights the revival in fortune they have both engineered.

Exclusive: How Tesla's first truck charging stations will be built

SEATTLE (Reuters) - Elon Musk, the chief executive of Tesla Inc, has said little about how he plans to turn his prototype electric truck into reality.

LVMH chief Arnault's adviser Pierre Gode dies aged 73

PARIS (Reuters) - Pierre Gode, a long-time adviser to Bernard Arnault, the multibillionaire boss of French luxury group LVMH , has died aged 73 after a long illness, the company said on Friday.

Deutsche Bank reports third consecutive annual loss

FRANKFURT (Reuters) - Deutsche Bank on Friday posted its third consecutive annual loss in 2017, taking a hit from challenging markets, a drop in investment bank revenue and a U.S. tax reform, after a difficult fourth quarter.