MIAMI (Reuters) – Ford Motor Co, Walmart Inc and delivery service Postmates Inc will collaborate to design a service for delivering groceries and other goods to Walmart customers that could someday use autonomous vehicles, the companies said on Wednesday. The project is the latest to grow out of Ford’s broader effort to develop businesses that […]

LONDON (Reuters) – Oil rose on Wednesday, recouping some of the previous session’s slide, on the growing prospect of OPEC and allied producers cutting output at a meeting next month to prop up the market. Prices rallied toward $67 earlier in the session after Reuters reported OPEC and its partners are discussing a proposal to […]

SINGAPORE – Having central banks issue digital currency can bring about financial inclusivity, better security and consumer protection, as well as allay privacy concerns, managing director of the International Monetary Fund Christine Lagarde told an audience at the Singapore Fintech Festival on Wednesday (Nov 14). By issuing digital currency, governments can also satisfy public policy […]

BEIJING (Reuters) – China delivered a mixed economic report card for October on Wednesday as softening retail sales pointed to a consumption slowdown, even as a pick-up in industrial output and investment suggested support measures may be starting to take hold. Taken together with weak credit data the previous day, the latest readings suggest the […]

Amazon built a retail empire on low prices and free shipping. But for taxpayers, its new headquarters didn’t come cheap. New York and Virginia collectively offered more than $2 billion in tax credits, rebates and other incentives to attract the company. That figure doesn’t include what could amount to hundreds of millions of dollars in […]

SINGAPORE – Rents for condominiums and private apartments dropped for a second straight month, slipping 0.7 per cent in October from the previous month, according to flash data from real estate portal SRX on Weddesday (Nov 14. This came after rents dipped 0.5 per cent in September, withe figure revised by SRX from a 0.4 […]

NEW YORK (Reuters) – The Dow and S&P 500 ended slightly lower on Tuesday following losses in energy shares and Boeing, offsetting a small gain in technology stocks and renewed hopes for progress in trade talks. The Nasdaq ended the session essentially flat as a rebound in tech kept the index out of negative territory. […]

(Reuters) – Starbucks Corp (SBUX.O) is laying off about 350 global corporate employees, Chief Executive Officer Kevin Johnson said on Tuesday in a memo to employees, seen by Reuters. The elimination of the non-store employees is part of a restructuring plan that Johnson unveiled in September in an attempt to make the company nimble enough […]

Art sales are climbing worldwide, according to a report on the art market, rising to $63.7 billion in 2017. Which raises the question: Where are people putting all that art? “Dealers have to store it, then they sell it to collectors who have to store it, then they donate it to museums that have to […]

HOUSTON (Reuters) – General Electric Co (GE.N) on Tuesday unveiled a plan to raise about $4 billion by accelerating a proposed sale of a stake in oilfield services provider Baker Hughes (BHGE.N), its latest move to simplify its businesses and reduce debt. Under the deal, the Boston-based industrial conglomerate will sell up to 101.2 million […]