Carmakers scramble to adapt to slowing Chinese demand Aug 28, 2015 01:15PM

By Joseph White and Nick Carey

NEW YORK (Reuters) - China's demand for luxury cars used to move in one direction - up. Now, the prospect of a sustained slump in Chinese demand, prompted by sharp declines in Chinese equity markets and a devaluation of the yuan, has global auto manufacturers scrambling to find new markets to sell goods.

German car makers are reviewing how many vehicles to send to China or the U.S., and U.S. dealers say they... (continue reading...)


Microsoft (MSFT) 'Edges'-Out Competition in Move to Support Apple's Live Streaming Events Aug 28, 2015 09:59AM

Microsoft (Nasdaq: MSFT) may have won a browser battle against Mozilla (Firefox) and Google (Chrome).

AppleInsider noted the fine print that came along with Apple's announcement on Thursday that it would be holding an event on September 9th. While live streaming of an Apple event has been available for Safari (via OS X, iOS, or Apple TV), details of the even show that Windows 10 users will be able to view the event with the Microsoft Edge browser. This is due to Edge... (continue reading...)


Investors still in the dark as cyber threat grows Aug 28, 2015 09:42AM

By Simon Jessop and Ross Kerber

LONDON/BOSTON (Reuters) - Investors are being poorly served by a haphazard approach from fund managers to the growing threat of cyber crime damaging the companies in which they invest, with a lack of clarity from the businesses themselves compounding the problem.

Banks have led the way in developing cyber defenses and some top fund managers have ramped up pressure on companies to do more, but the broader... (continue reading...)


Global funds buy more bonds as China-fueled volatility surges: Reuters poll Aug 28, 2015 09:21AM

By Sujata Rao

This month's wild ride in global stocks and fears of an emerging market crisis led funds to raise bond allocations to eight-month highs, even though most investors remain bullish on the outlook for Japan and the West.

The monthly Reuters survey of 47 fund managers and chief investment officers in the United States, Europe, Japan and Britain was conducted as Chinese authorities battled to stem an equity market collapse and... (continue reading...)


Schwab says online access for customers restored Aug 28, 2015 09:16AM

(Reuters) - Charles Schwab Corp said that customer access to online accounts was restored on Friday morning, just minutes before U.S. stock markets opened for trading.

Earlier, the company said access to accounts and online trading platforms were unavailable.

The problem, which prevented customers from checking accounts and entering orders, lasted from 3:54 a.m. to 9:21 a.m. EDT. Officials were not immediately available to explain the cause... (continue reading...)


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