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  • The Netherlands intends to join the Asian Infrastructure Investment Bank (AIIB), Prime Minister Mark Rutte said on Saturday, becoming the latest U.S. ally to seek membership in the China-led institution despite Washington's misgivings.

  • An illustration picture shows the logo of car-sharing service app Uber on a smartphone next to the picture of an official German taxi sign

    Uber aims to launch a service in Germany by this summer that will allow its novel taxi-hailing service to operate legally in Europe's biggest economy, the company's German chief was quoted saying by weekly magazine Wirtschafts Woche (WiWo). The move comes after a German court earlier this month banned Uber from running …

  • Cloud software company Salesforce.com Inc aims to overtake SAP in terms of sales on the German company's home market in the coming years, the Europe chief of Salesforce told a German magazine. "We want to become the biggest software company in Germany by sales," weekly Wirtschafts Woche quoted Joachim Schreiner as saying, …

  • SHANGHAI/RIO DE JANEIRO (Reuters) - China's Finance Ministry said on Saturday that the U.K. and Switzerland had been formally accepted as founding members of the Asian Infrastructure Investment Bank (AIIB), a day after Brazil accepted China's invitation to join the AIIB. China's AIIB has been seen as a challenge to the …

  • Former Kleiner, Perkins, Caufield and Byers partner Ellen Pao is not the only person who lost when a California jury rejected her claims of gender discrimination against the venture capital firm. Pao sought about $16 million in lost wages and tens of millions more in punitive damages in a lawsuit that captivated Silicon …

  • Jinping speaks during a media conference in the Great Hall of the People in Beijing

    Chinese President Xi Jinping said on Saturday that the country should not focus on its economic growth rate only, reiterating China's push for a more sustainable, higher-quality expansion. Chinese leaders have announced an economic growth target of around 7 percent for this year, below the 7.5 percent goal in 2014 and …

  • Ellen Pao leaves court as her sexual bias trial against fomer employer Kleiner Perkins Caufield & Byerr continues in San Francisco

    Silicon Valley powerhouse venture capital firm Kleiner, Perkins, Caufield and Byers was cleared on Friday of claims it short-circuited the career of a former partner because she is a woman, in a gender discrimination trial that shook the tech world. A California jury also rejected a claim that Kleiner, the firm that backed …

  • Ellen Pao leaves court as her sexual bias trial against fomer employer Kleiner Perkins Caufield & Byerr continues in San Francisco

    A California jury on Friday cleared venture capital firm Kleiner, Perkins, Caufield and Byers of gender discrimination claims brought against it by a woman former partner, in a trial that transfixed Silicon Valley. After further deliberation, the jury also cleared Kleiner on a claim that the firm had retaliated against …

  • The sign hanging outside the Intel booth is seen at the International Consumer Electronics show (CES) in Las Vegas

    The acquisition of Altera, which makes programmable chips widely used in cellphone towers, the military and other industrial applications, would underscore Intel Chief Executive Officer Brian Krzanich's determination to expand into new markets as the personal computer industry loses steam. Earlier this month, Intel slashed …

  • Apple CEO Cook speaks during the White House summit on cybersecurity and consumer protection in Palo Alto

    Apple Inc's (AAPL.O) Tim Cook, one of the most prominent openly gay American CEOs, has joined fellow tech industry chiefs in decrying a controversial Indiana law that opponents say could allow companies to deny services to gay people. Indiana Governor Mike Pence signed the controversial bill into law on Thursday.

  • The Governor of the Bank of England Mark Carney addresses business leaders and guests during his visit to the University of Sheffield

    The Bank of England expects its next move in interest rates to be an increase not a cut despite record low inflation, Bank of England Governor Mark Carney said on Friday, underscoring his difference of view with the Bank's chief economist. "We're still in a position where our message is... that the next move in interest …

  • SAN FRANCISCO (Reuters) - A California jury decided that venture capital firm Kleiner, Perkins, Caufield and Byers did not retaliate against former partner Ellen Pao by terminating her employment after ...

  • Yahoo Inc (YHOO.O) and Microsoft Corp (MSFT.O) agreed to extend by 30 days the deadline to re-negotiate a ten year search deal, as the two Internet companies attempt to revamp a thorny partnership crafted by former chief executives. The search partnership, which took effect in 2010, allowed the companies to negotiate changes …

  • (Reuters) - Slack, a business management services startup, said a security breach in February may have compromised user information including phone number and Skype IDs. Slack provides communication tools ...

  • Ratings agency Fitch on Friday cut Greece's credit rating to 'CCC' from 'B' saying lack of market access, tight liquidity and uncertainty over the timely release of aid from its official creditors are exerting pressure on government funding. It said a Feb. 20 accord between Athens and its official creditors to extend …

  • SAN FRANCISCO/WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen signalled that the U.S. central bank will likely start raising borrowing costs later this year, even before inflation and wages have returned to health, but emphasized the return to normal interest rates will be gradual. A downturn in core inflation …

  • SAN FRANCISCO (Reuters) - The Federal Reserve must take the global economy into account when judging the U.S. domestic outlook, Federal Reserve Chair Janet Yellen said on Friday, noting that a stronger ...

  • Women wearing Hakama, or Japanese traditional Kimono, are reflected in an electronic board, showing various stock prices, outside a brokerage in Tokyo

    Wall Street on Friday closed higher for the first time in a week, lifted by rising tech stocks, while oil prices slumped 5 percent on receding fears about Middle East fighting disrupting supplies. The major U.S. stock indexes snapped a four-day losing streak after the Wall Street Journal reported chipmaker Intel Corp is …

  • News that chipmaker Intel Corp (INTC.O) is in talks to buy Altera Corp (ALTR.O) sparked a flurry of trades in its short-term calls and could spell huge gains for some timely buyers of the options. Trading in Altera's call options, that give the right to buy the shares at a fixed price at a future date, jumped on the news. …

  • Waning moon is seen behind a logo of Swiss bank UBS in Zurich

    The French division of Swiss bank UBS AG (UBSN.VX) has been placed under formal investigation by French authorities and been asked to pay a 40 million euro (29 million pound) bail, UBS said on Friday, in an escalation of a long-running probe into allegations the bank helped clients avoid taxes. "After three years of investigation …

  • An oil well pump jack is seen at an oil field supply yard near Denver

    Oil tumbled 5 percent on Friday, erasing the previous session's gains, as Yemen's conflict looked less likely to disrupt Middle East crude shipments and investors turned their focus to talks for a potential Iran nuclear deal that could put more supply on the market. Oil prices still notched their second straight weekly …

  • The company hired Morgan Stanley (MS.N) CFO Porat as its finance chief earlier this week, a sign it is aiming to rein in costs as it invests in new businesses such as self-driving cars and Internet-connected eyeglasses. Porat's compensation package includes a grant of $25 million through restricted stock units, a $40 million …

  • The company hired Morgan Stanley CFO Porat as its finance chief earlier this week, a sign it is aiming to rein in costs as it invests in new businesses such as self-driving cars and Internet-connected eyeglasses. Porat's compensation package includes a grant of $25 million through restricted stock units, a $40 million …

  • BlackBerry Ltd (BB.TO) is likely to see a part of its targeted software revenue growth in the coming fiscal year come from the acquisition of companies that will allow it to sell more value-added services, Chief Executive John Chen said on Friday. "Now that we have a cash generation capability, we are going to invest and …

  • The macaroni and ketchup merger of Kraft Foods Group (KRFT.O) and H.J. Heinz Co may prove a boon to the far smaller natural and organic food companies that have seized market share as consumers shift away from processed foods, bankers and portfolio managers said. Brazilian private equity firm 3G Capital Partners and Warren …

  • Online fashion retailers Yoox (YOOX.MI) and Richemont's Net-a-Porter are trying to resuscitate merger talks that took place more than a year ago to better fight cut-throat competition, industry sources told Reuters. UK-based Net-a-Porter, estimated to be worth between 1.3 billion and 1.5 billion euros ($1.42 billion to …

  • The deal will make smaller rival Olin the world's largest producer of chlor-alkali, which is used to make chlorine and caustic soda. Shares of Dow Chemical, which will designate three directors to Olin's board, rose 5 percent to $48.84 on Friday.

  • A barrier tape bearing the 2008 Beijing Olympic Games logo stands out at the front of the deserted and unmaintained former venue for the 2008 Beijing Olympic Games rowing competition, on the outskirts of Beijing

    Beijing's Olympic experience and infrastructure are key in delivering a successful 2022 winter Games, senior bid official Wu Jingmi said on Friday, pledging also free internet during the event. The bid's Deputy Secretary General told Reuters that the use of the venues from the 2008 summer Games fit with the International …

  • Nine months after Apple and IBM began working together on building mobile apps for businesses, some of the first fruits are about to appear at UK pharmacy chain Boots, which has begun equipping store employees with iPads to serve shoppers in the aisles. These customer service apps are part of a bid by Boots to encourage …

  • A man walks past the London Stock Exchange in the City of London

    Britain's main equity index fell for a fourth day on Friday, pulled down by commodity stocks as iron ore prices plunged and as a stronger U.S. dollar weighed on mining shares. Energy shares such as BP and Royal Dutch Shell dipped too with lower oil prices, although cruise ship company Carnival rose 7.2 percent after posting …

  • A former manager of Barclays (BARC.L) in Italy Vittorio Maria De Stasio and businessman Aldo Bonaldi were sentenced to jail by a court in Milan on Friday on corruption charges. De Stasio, who was sued by Barclays, was charged with facilitating loans to four companies owned by Bonaldi even after finding out the businessman …

  • The Amsterdam region suffered a power blackout of more than five hours on Friday that hit a million households, forced flights to divert from Schiphol airport and disrupted national public transport networks. After more than two hours without power, lights switched back on in the Amsterdam financial district and gradually …

  • A Greek national flag flutters as the parliament building is seen in the background in Athens

    Greece has sent its creditors a long-awaited list of reforms with a pledge to produce a small budget surplus this year in the hope that it will unlock badly needed cash, Greek government officials said on Friday. The European Union and IMF lenders, informally called the Brussels Group, will start discussing the list later …

  • Mar 27 (Reuters) - Following are Indonesian prices for crude palm oil (CPO) quoted at an auction by PT KPB Nusantara (formerly known as the state marketing centre) on Thursday. Buyer Volume Price Terms ...

  • A leading shareholder in Swiss cement group Holcim (HOLN.VX) wants to know who will lead an enlarged group to be formed in a merger with France's Lafarge (LAFP.PA) before it decides whether to back the deal. The tie-up to create the world's biggest cement business was thrown into doubt when Holcim shareholders raised …

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