Reuters: Business News

Reuters News
  1. Asian shares wobble as China cancels trade talks with US; oil rallies
    Asia shares stumbled in holiday-thinned trading on Monday as China ramped up trade tensions by cancelling upcoming tariff talks with the United States, while oil prices jumped after top producers ruled out boosting crude output.
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  2. Singapore competition watchdog fines Grab, Uber $9.5 million
    Singapore's competition watchdog fined ride-hailing firms Grab and Uber Technologies a total S$13 million ($9.5 million) and announced other measures to address competition concerns arising from the two companies' merger in the city-state.
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  3. New U.S., China tariffs set to take effect, no compromise in sight
    The United States and China are set to impose new tit-for-tat tariffs against each other's goods on Monday, the latest escalation in a heated trade war between the world's two largest economies.
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  4. Comcast demonstrates Sky-high ambition in global media shake-up
    U.S. cable giant Comcast scored a big win in the scramble for media assets by beating Rupert Murdoch, and his backer Disney, in the battle for Sky with an eye-watering $40 billion bid.
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  5. Asian firms shuffle production around the region as China tariffs hit
    A growing number of Asian manufacturers of products ranging from memory chips to machines tools are moving to shift production from China to other factories in the region in the wake of U.S. President Donald Trump's tariffs on Chinese imports.
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  6. Key companies to attend White House quantum computing meeting
    The White House will hold a meeting on Monday on U.S. government efforts to boost quantum information science, with administration officials, leading companies including Alphabet Inc , IBM Corp , JPMorgan Chase & Co and academic experts taking...
  7. Global spending on digital marketing nears $100 billion: study
    Spending on digital marketing grew by 44 percent last year in the United States and Britain to $52 billion, a study has found, estimating that global outlays on such tactics are approaching $100 billion.
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  8. Global advertising expenditure to grow 4.5 percent in 2018: Zenith
    Global advertising expenditure is predicted to reach $581 billion at the end of 2018, with most of the growth coming from sponsored content in search engines and social media ads, according to industry forecaster Zenith.
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  9. Canada PM says informal NAFTA talks likely in next few days at U.N.
    U.S. and Canadian officials trying to reach a deal on NAFTA are "very likely" to hold informal talks on the sidelines of a major U.N. meeting in the next few days, Canadian Prime Minister Justin Trudeau said on Sunday.
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  10. WPP preparing to merge Young & Rubicam and digital ad firm VML: WSJ
    The world's largest advertising company WPP Plc's is preparing to consolidate some of its businesses in a bid to keep pace with the industry's digital shift, the Wall Street Journal reported on Sunday.
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