Apple buys self-driving car startup Drive.ai

Apple Inc on Tuesday confirmed that it has acquired self-driving shuttle firm Drive.ai. Technology news website The Information reported earlier this month that the...

FedEx Profit Pressured by Express Unit's Woes — Update

The company has been restructuring its operations to adjust to the rise of e-commerce orders and combat slowing international...

Kinder Morgan wins Texas court challenge, removing obstacle to $2 billion gas pipeline

Kinder Morgan Inc can begin work on a $2 billion natural gas pipeline without having the Texas energy regulator approve its proposed route, a...

Hong Kong Bourse May Give Up Support At 28,000 Points

The Hong Kong stock market has moved lower in two of three trading days since the end of the four-day winning streak in which it had soared almost 1,450 points or 5.3 percent. The Hang Seng Index now rests just above the 28,185-point plateau and it's predicted to open lower again on Wednesday.

U.S. aims to restart China trade talks, will not accept conditions on tariff use

The United States hopes to re-launch trade talks with China after President Donald Trump and President Xi Jinping meet in Japan on Saturday, but...

St. Louis Fed's Bullard Said He Was Contacted by White House for Fed Board Job — 2nd Update

"On the White House question, I don't think I'm going to go any further. If they want to talk...

FedEx profit beats estimates, warns of pain in 2020 from trade war

Package delivery company FedEx Corp beat Wall Street estimates for quarterly profit on Tuesday, but warned that U.S.-China trade tensions and the non-renewal of...

Asia stocks slip after Fed tempers aggressive rate cut expectations

Asian stocks slipped on Wednesday and the dollar pulled back from three-month lows after Federal Reserve officials tempered expectations in the markets for aggressive...

FAA reassigns three in office overseeing Southwest Airlines: source

The Federal Aviation Administration has reassigned three managers in its office overseeing Southwest Airlines Co, a person briefed on the matter said on Tuesday....

Technology Sector Likely To Drag Taiwan Shares

The Taiwan stock market has moved lower in two straight sessions, sliding almost 100 points or 1 percent along the way. The Taiwan Stock Exchange now rests just above the 10,700-point plateau and it's looking at another soft start again on Wednesday.

U.S. hopes to re-launch China trade talks, will not accept conditions on tariffs

The United States hopes to re-launch trade talks with China after President Donald Trump and President Xi Jinping meet in Japan on Saturday but...

Singapore Stock Market Tipped To Extend Losing Streak

The Singapore stock market has finished lower in back-to-back trading days, sliding almost 20 points or 0.6 percent along the way. The Straits Times Index now rests just above the 3,300-point and it's likely to take further damage on Wednesday.

Micron says some Huawei shipments resumed, shares rise

Micron Technology Inc said it had resumed some microchip shipments to Huawei Technologies Co Ltd and still expects demand for its chips to recover...

Tesla faces delivery bottleneck at close of second quarter: Electrek

Shares of Tesla Inc fell 1.7% on Tuesday after news website Electrek reported that the electric-car maker has so far delivered 49,000 vehicles in...

Financial News from Agencies

China Requests Canada Suspend All Meat Exports to Country

OTTAWA -- China on Tuesday requested that Canada suspend all meat exports to the country after a Canadian probe...

St. Louis Fed’s Bullard Said He Was Contacted by White House for Fed Board Job — 2nd Update

WASHINGTON -- Federal Reserve Bank of St. Louis President James Bullard said Tuesday he has been approached by White...

ICRA revises ratings of Reliance Power’s subsidiary, company disagrees

Credit rating agency ICRA has revised the long-term and short-term ratings of Sasan Power Limited, a subsidiary of Reliance Power, citing deterioration in financial...

AgustaWestland scam: SC asks Rajeev Saxena if his relatives would guarantee return after ED objects

The Supreme Court on Tuesday asked Rajeev Saxena, an approver in a money laundering case related to the AgustaWestland chopper scam, if his two...

15th Finance Commission stresses on dialogue with GST council

Finance Commission Chairman N K Singh said the panel had requested the Finance Minister, who is the Chairman of the GST council, regarding this,...