Business

Business

July 17, 2019 WASHINGTON (Reuters) – U.S. and Japanese officials are working hard to reach agreement on a bilateral trade agreement, a senior Japanese official told Reuters on Wednesday, adding he was looking forward to news on the deal in the near future. Three industry sources told Reuters on Tuesday that the United States and [...]

July 17, 2019 By Munsif Vengattil and Arriana McLymore (Reuters) – Netflix Inc <NFLX.O> said on Wednesday it would roll out a lower-priced mobile-only plan in India, tapping into a price-sensitive market where data consumption on smartphones is surging. The video streaming pioneer said in March that it was testing a 250 rupee ($3.63) monthly [...]

July 17, 2019 By Imani Moise and Noor Zainab Hussain (Reuters) – Bank of America Corp lowered its annual net interest income guidance on Wednesday to reflect a weakened interest rate environment as the second-largest U.S. lender reported higher-than expected earnings fueled by strong consumer trends. Rate trends have prompted the bank to scale back [...]

July 17, 2019 (Reuters) – Brazilian President Jair Bolsonaro said on Wednesday that his administration will announce an economic stimulus package this week to revive flagging growth, confirming earlier media reports. Earlier on Wednesday, newspaper Valor Economico reported Economy Minister Paulo Guedes as saying the government will free up 63 billion reais ($16.8 billion), comprising [...]

July 17, 2019 By Pete Schroeder WASHINGTON (Reuters) – The Trump administration’s report on overhauling the country’s housing market is “essentially done” and could be released in late August or September, the head of the U.S. housing finance regulator told Reuters in an interview Wednesday. Mark Calabria, director of the Federal Housing Finance Agency, also [...]

July 17, 2019 (Reuters) – International Business Machines Corp beat analysts’ estimates for second-quarter profit on Wednesday, propped up by recurring growth in its high-margin cloud computing business, sending its shares up as much as 4% in extended trading. The Armonk, New York-based technology services giant, which wrapped up the mega cloud merger with Linux [...]

July 17, 2019 By David Shepardson WASHINGTON (Reuters) – Boeing Co said on Wednesday it will dedicate half of a $100 million fund it created after two crashes of its 737 MAX planes to provide payments to families of those killed, with veteran U.S. compensation expert Ken Feinberg hired by the world’s largest plane maker [...]

July 17, 2019 By Lisa Richwine and Vibhuti Sharma (Reuters) – Netflix Inc <NFLX.O> added fewer quarterly subscribers than Wall Street expected and its U.S. customer base shrank as its programming failed to draw new viewers, jarring investors ahead of looming competition. Netflix shares tumbled 13% in after-hours trading on Wednesday after the company posted [...]

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