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Sony cuts annual profit view on movie business writedown

Sony Corp on Thursday cut its full-year outlook for operating profit on Thursday after the Japanese TV-to-gaming group took a $1 billion writedown on its struggling movie business. Sony forecast group operating profit of 240 billion yen ($2.13 billion) for the year ending in March, down from a previous estimate of 270 billion yen. It also said October-December operating profit fell to 92.4 billion yen

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Sony cuts annual profit view on movie business writedown

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Oil prices steady after sharp rise in U.S. stockpiles

Oil prices steadied on Thursday after a sharp rise in U.S. crude and gasoline stockpiles, although evidence that OPEC and other big exporters were cutting production helped support sentiment. Brent crude was up 5 cents at $56.85 a

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Oil prices steady after sharp rise in U.S. stockpiles

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Asian shares flat but on track for weekly gains

TOKYO/SYDNEY (Reuters) – Asian shares flatlined on Friday but were on track for robust weekly gains, while the euro caught its breath after sliding when the European Central Bank trimmed the size of its asset purchase program and also extended it for longer than many had…

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Asian shares flat but on track for weekly gains

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Oil prices rise on U.S. weather disruption, OPEC action speculation

Oil futures rose on Tuesday supported by production suspensions in the U.S. Gulf due to an expected tropical storm and speculation that producers meeting in Algeria next month will act to prop up prices. Brent crude futures were trading at $49.73 per barrel at 0924 GMT, up 47 cents from the previous close. U.S. West Texas Intermediate (WTI) crude was up 45 cents at $47.43 a barrel.

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Oil prices rise on U.S. weather disruption, OPEC action speculation

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EU demands Apple pay Ireland up to 13 billion euros in tax

By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators ordered Apple on Tuesday to pay up to 13 billion euros ($14.5 billion) in taxes plus interest to the Irish government after ruling that a special scheme to route profits…

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EU demands Apple pay Ireland up to 13 billion euros in tax

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Oil falls as glut, profit-taking beat back optimism over OPEC meet

By Osamu Tsukimori TOKYO (Reuters) – Crude prices fell on Tuesday as continued worries over a global oil glut and profit-taking on gains of nearly 3 percent from the previous session beat down upwards momentum from a possible meeting of oil producers. Venezuelan Oil Minister Eulogio del Pino said on Monday that a meeting between OPEC and non-OPEC countries may take place “in the coming weeks” as the crisis-stricken South American nation sought support to prop up weak oil markets. Some OPEC officials have said a …

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Oil falls as glut, profit-taking beat back optimism over OPEC meet

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Taiwan says set to order Uber to exit market

By Faith Hung and Yimou Lee TAIPEI/HONG KONG (Reuters) – Taiwan's Investment Commission said on Wednesday it is set to order Uber Technologies Inc [UBER.UL] to exit the domestic market, saying the global ride-hailing giant misrepresented its business as an internet-based information technology platform rather than a transportation

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Taiwan says set to order Uber to exit market

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U.S. crude remains below $40 as oversupply weighs

Oil prices remained weak on Wednesday, with U.S. crude below $40 per barrel and Brent under $42, as fuel oversupply and stuttering economic growth weighed on markets, although prices did receive some support from a weaker dollar. U.S. West Texas Intermediate (WTI) crude futures were trading at $39.54 per barrel at 0651 GMT (2:51 a.m. ET), slightly above their last close and well below the $40 marker they settled below for the first time since April in the previous session. International Brent crude futures failed to …

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U.S. crude remains below $40 as oversupply weighs

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Oil retreats after rising on hopes of Russia, OPEC cooperation

Crude oil futures fell around 1 percent in Asian trading on Thursday, eroding gains of nearly 3 percent made in the previous session after Russia held out the possibility of cooperating with OPEC to control global oversupply. Falls were curbed by a weaker dollar following the Federal Reserve's decision to keep its overnight interest rate unchanged and the release of a statement suggesting concern…

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Oil retreats after rising on hopes of Russia, OPEC cooperation

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Crude falls after U.S. Fed rate hike, inventory gains

By Aaron Sheldrick TOKYO (Reuters) – Crude futures fell in Asian trade on Thursday, adding to sharp losses the previous session after the Federal Reserve raised rates for the first time in nearly a decade and official figures showed

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Crude falls after U.S. Fed rate hike, inventory gains