Business

(Reuters) – International Business Machines Corp forecast full-year revenue below estimates after reporting a bigger-than-expected drop in first-quarter revenue on Tuesday, hurt by tapering demand for its latest mainframe computers and a stronger dollar. FILE PHOTO: A man stands near an IBM logo at the Mobile World Congress in Barcelona, Spain, February 25, 2019. REUTERS/Sergio
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WASHINGTON (Reuters) – U.S. manufacturing output was unchanged in March after two straight monthly declines, leading to the largest quarterly decrease in production since 2017. FILE PHOTO: A line worker installs the front seats on the flex line at Nissan Motor Co’s automobile manufacturing plant in Smyrna, Tennessee, U.S., August 23, 2018. REUTERS/William DeShazer/File Photo
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GWANGJU, South Korea (Reuters) – Park Byung-kyu once led Kia Motor’s union in the city of Gwangju, fighting for labor protections against the powerful, family-run chaebol that dominated the economy during South Korea’s rapid industrialization. FILE PHOTO: Members of Kia Motor’s union chant a slogan during a protest against the Gwangju joint-venture project, in Gwangju,
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HONG KONG (Reuters) – Asia’s internet firms are challenging the region’s traditional banks for consumer finances, tapping their massive user networks for business and following a trail blazed in China by tech giants Alibaba and Tencent. The push into banking by companies better known for their messaging apps, cute emojis and online holiday bookings comes
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MONTREAL/SINGAPORE/SHANGHAI (Reuters) – Gulfstream Aerospace and Bombardier are trotting out their longest-range business jets at an Asian air show this week, as they compete for orders from China’s growing elite, despite the country’s slowing economy. FILE PHOTO: Bombardier’s Global 7500, the first business jet to have a queen-sized bed and hot shower, is shown during
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FILE PHOTO: Mario Draghi, President of the European Central Bank (ECB) holds a news conference on the outcome of the Governing Council meeting at the ECB headquarters in Frankfurt, Germany April 10, 2019. REUTERS/Kai Pfaffenbach WASHINGTON (Reuters) – European Central Bank President Mario Draghi expressed concern on Saturday about the U.S. Federal Reserve’s independence, warning
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WASHINGTON (Reuters) – Potential Federal Reserve board nominee Stephen Moore, picked by U.S. President Donald Trump, faced new criticism on Friday, with Democratic Senator Elizabeth Warren accusing him of lacking competencies to serve in that role. FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan
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