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Updated: 51 min 54 sec ago

Facebook shares slide after reports of data misuse

Mon, 03/19/2018 - 8:05am
(Reuters) - Facebook Inc's shares fell 4 percent in premarket on Monday after media reports that a political consultancy that worked on President Donald Trump's campaign gained inappropriate access to data on 50 million Facebook users.

Toys 'R' Us stores may be closing, but name will live on

Mon, 03/19/2018 - 7:57am
WILMINGTON, Del (Reuters) - Barring a last-minute buyer, Toys 'R' Us will soon disappear from U.S. shopping centers, but the name and its iconic Geoffrey the Giraffe mascot are likely to survive for another generation of Toys 'R' Us kids.

EU lawmakers to investigate alleged misuse of Facebook users' data

Mon, 03/19/2018 - 7:48am
BRUSSELS (Reuters) - EU lawmakers will investigate whether the data of more than 50 million Facebook users has been misused, the head of European Parliament said on Monday.

Saudi Aramco seeks majority stake in Indian refinery: Economic Times

Mon, 03/19/2018 - 7:41am
(Reuters) - Oil giant Saudi Aramco is looking to buy a majority stake in a proposed refinery and petrochemical complex valued at 3 trillion rupees ($46.10 billion) in the western Indian state of Maharashtra, local daily Economic Times reported, citing people familiar with the matter.

Carl Icahn gets four board seats at Newell Brands

Mon, 03/19/2018 - 7:15am
(Reuters) - Sharpie pens maker Newell Brands Inc will appoint four directors to its board picked by billionaire investor Carl Icahn, the company said on Monday.

Alibaba doubles Lazada investment to $4 billion in aggressive Southeast Asian expansion

Mon, 03/19/2018 - 6:30am
BEIJING/SINGAPORE (Reuters) - Alibaba Group Holding Ltd said it will invest an extra $2 billion in Southeast Asian e-commerce firm Lazada Group and tapped a top executive to run the business, as it takes on rivals such as tech titan Amazon in an aggressive expansion in the region.

World stocks on longest slide since November as Fed caution hits

Mon, 03/19/2018 - 5:53am
LONDON (Reuters) - Shares were stuck on their worst run since November on Monday, as caution gripped traders in a week in which the Federal Reserve is likely to raise U.S. interest rates and perhaps signal as many as three more hikes lie in store this year.

Singapore fines Standard Chartered entities $4.9 million for money laundering breaches

Mon, 03/19/2018 - 5:24am
SINGAPORE (Reuters) - Singapore's central bank imposed penalties of S$5.2 million ($3.95 million) on Standard Chartered Bank (SCBC) and S$1.2 million on Standard Chartered Trust (Singapore) (SCTS) for breaching money laundering rules and terrorism financing safeguards.

German finance minister 'seriously worried' about U.S. trade stand-off

Mon, 03/19/2018 - 4:18am
BERLIN (Reuters) - German Finance Minister Olaf Scholz is "seriously concerned" about a trade stand-off with the United States, he told mass-selling daily newspaper Bild.

Singapore fines Standard Chartered $4 million over money laundering breaches

Mon, 03/19/2018 - 4:03am
SINGAPORE (Reuters) - The Monetary Authority of Singapore (MAS) imposed penalties of S$5.2 million ($3.95 million) on the Singapore branch of Standard Chartered Bank (SCBC) and S$1.2 million on Standard Chartered Trust (Singapore) Ltd (SCTS) for anti-money laundering breaches and countering financing of terrorism (AML/CFT) requirements.

Societe Generale hopes for resolution to Libor, Libya inquiries within weeks

Mon, 03/19/2018 - 4:01am
PARIS (Reuters) - Societe Generale SA said on Monday that it hoped to resolve "within weeks" U.S. investigations into alleged Libor rigging and transactions made by the French bank involving Libyan counterparts.

Uber, Ola drivers strike in India for higher pay

Mon, 03/19/2018 - 3:49am
MUMBAI (Reuters) - Drivers for app-based cab aggregators Uber and Ola started an indefinite strike across India on Monday, demanding extra pay as a surge in the number of cabs on the two platforms, coupled with cutbacks in incentive payments, have stung drivers.

Societe Generale hopes for resolution to IBOR, Libya investigations within weeks

Mon, 03/19/2018 - 3:37am
PARIS (Reuters) - Societe Generale SA said on Monday that it had entered into a "more active" phase of discussions with U.S. authorities over their investigation into IBOR submissions and transactions made by the French bank involving Libyan counterparts.

Relationship goals: Ford tries to rebuild trust with China partners

Mon, 03/19/2018 - 2:17am
BEIJING (Reuters) - After 20-odd years of "marriage" in China, Ford Motor Co is having relationship issues.

How China's ride-hailing giant Didi plans to challenge Uber in Mexico

Mon, 03/19/2018 - 1:32am
MEXICO CITY/SAN FRANCISCO (Reuters) - Working quietly from a shared office space in one of Mexico City's trendiest neighborhoods, China's ride-hailing giant Didi Chuxing is planning to hit its archrival Uber where it hurts.

Shares mixed, yen firm as anxious markets await Fed

Mon, 03/19/2018 - 1:14am
SYDNEY (Reuters) - Asian share markets traded mixed on Monday as caution gripped investors in a week in which the Federal Reserve is likely to hike U.S. interest rates and perhaps signal that as many as three more lie in store for the rest of the year.

Powell's Fed to show policy caution, shun political friction

Mon, 03/19/2018 - 1:12am
WASHINGTON (Reuters) - Jerome Powell heads for his first interest rate increase as Federal Reserve Chairman this week with an unanswered question looming above others: could his optimism about the U.S. economy lead to more hikes than markets have prepared for?

Cracking the co-working code in commercial real estate

Mon, 03/19/2018 - 1:08am
NEW YORK (Reuters) - Real estate brokers scoff that just a fraction of U.S. office space is occupied by co-working and other flexible workspace options, yet data shows over one-quarter of new leases signed in the past two years came from this burgeoning business.

Apple is developing own MicroLED screens: Bloomberg

Mon, 03/19/2018 - 12:50am
(Reuters) - Apple Inc is developing its own MicroLED device displays and has made small numbers of the screens for testing, Bloomberg reported on Sunday.

Amazon tracks repeat shoppers for line-free Seattle store - and there are many

Mon, 03/19/2018 - 12:45am
LAS VEGAS (Reuters) - Inc is tracking how regularly customers shop at its store without checkout lines in Seattle - and so far, the verdict is they keep coming back.