Business

(Reuters) – Wearable device maker Fitbit Inc (FIT.N) on Monday launched its newest device, the Ionic smartwatch, with features ranging from fitness tracking to contactless payment, as it gears up to compete with rivals such as Apple Inc (AAPL.O). Once the market leader in wearables, Fitbit has recently struggled due to fierce competition and had
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NEW YORK (Reuters) – American International Group Inc’s (AIG.N) new Chief Executive Brian Duperreault has pledged to revive the insurer’s glory days of top talent, underwriting discipline and fat profit margins. One thing he has already brought back: big pay packages. As he rejoined AIG in May, the 70-year-old insurance industry veteran received bigger awards
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NEW YORK (Reuters) – U.S. small-cap stocks, highly sensitive to the fate of President Donald Trump’s policy ambitions, may face more selling pressure, leaving small-cap investors scrambling for quality names and more resilient sectors. Small-caps, which are more reliant on U.S. policy and economic conditions than are large multinationals, have fallen recently on rising doubts
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NEW YORK (Reuters) – U.S. stocks rose slightly on Friday, lifted by high-dividend-paying stocks, after Federal Reserve Chair Janet Yellen stayed silent on monetary policy in a much-anticipated speech. Interest-rate sensitive sectors such as telecommunications .SPLRCL, up 0.8 percent, and utilities .SPLRCU, up 0.3 percent, rose as Yellen’s speech did not comment on the path
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SINGAPORE (Reuters) – The dollar inched higher on Thursday, paring some of the losses it suffered after U.S. President Donald Trump suggested a shutdown of the government was possible and threatened to terminate the North American Free Trade Agreement. Trump warned late on Tuesday he might end the NAFTA trade treaty with Mexico and Canada
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TOKYO (Reuters) – Asian shares rose on Tuesday after modest gains on Wall Street, while robust metals prices underpinned some regional markets even as investors remained wary ahead of the annual central banking conference in Jackson Hole later this week. Futures suggested the brighter mood would carry through to Europe, with the Eurostoxx 50 STXEc1
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MUMBAI (Reuters) – India’s second-biggest IT firm Infosys (INFY.NS) said on Saturday it will buy back shares worth up to 130 billion rupees ($2 billion), a day after Vishal Sikka resigned as chief executive after a long-running feud with the company’s founders. The board of Bengaluru-headquartered Infosys approved the repurchase of 113 million shares at
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