Reuters

General Motors credit ratings raised to 'BBB-' by Fitch

General Motors Co (GM.N) said on Thursday that Fitch Ratings had raised the credit ratings of both GM and GM Financial to investment grade.

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U.S. to press China on currency, eye on AIIB: official

U.S. officials will press their Chinese counterparts on currency policy at high-level talks next week, and have not taken off the table the possibility that the United States may one day join a China-led infrastructure bank, a senior U.S. Treasury official said.

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Euro zone sets emergency summit on Greece as money flees

Euro zone leaders will hold an emergency summit on Monday to try to avert a Greek default after bank withdrawals accelerated and government revenue slumped as Athens and its international creditors remain deadlocked over a debt deal.

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Nasdaq at record as Wall Street runs on strong data; Greece eyed

The Nasdaq Composite on Thursday erased its last standing milestone from the dot-com era as it set a record intraday high, with stocks on Wall Street in rally mode boosted by strong economic data.

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Russia's Ulmart in talks with funds on private placement - co-owner

Russian Internet retailer Ulmart is in talks with several funds on a private placement of about 15 percent of its shares, hoping to raise at least $150 million this year, the company's chairman of the board and co-owner said on Thursday.

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Alibaba's Ant Financial valued at $45 billion after new funding: source

China's Ant Financial Services Group, e-commerce giant Alibaba Group Holding Ltd's (BABA.N) internet finance affiliate, closed a private placement valuing the unit at about $45 billion, a person familiar with the matter said Thursday.

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Small U.S. frackers face extinction amid drilling drought

Oil field work was coming in fast when GoFrac doubled its workforce and equipment fleet at the beginning of last year, just one of hundreds of small oil service companies thriving on the revival of U.S. drilling.

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Apple mines big profits from Watch band

Nearly 20 percent of Apple Watch buyers are not only shelling out hundreds of dollars for the timepiece but are springing for a spare band too, giving the tech giant a profitable second dip into customers' wallets, according to data provided exclusively to Reuters.

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Fed keeps lid on dollar, yields; Greece hurts stocks

Bond yields and the dollar fell on Thursday after the Federal Reserve signaled that U.S. interest rates would rise more slowly than markets had expected, while Greece's drift closer to default pushed European stocks lower.

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Nestle scales back Africa workforce

Swiss food and drinks company Nestle (NESN.VX) is cutting 15 percent of its workforce in 21 African countries, the company confirmed on Wednesday.

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Boeing gets 747 boost as Russian firm signs up for more freighters

Boeing (BA.N) won breathing space for its struggling jumbo jet on Wednesday with a preliminary deal for 20 of its 747-8 freighters from Russian cargo airline Volga-Dnepr Group.

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Dollar falls, Wall St up in volatile post-Fed trading

The U.S. dollar slid on Wednesday while Wall Street stocks rose in volatile afternoon trading after the Federal Reserve signalled it may wait until late this year to raise interest rates.

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Amazon executive sees drone operations ready once FAA finalizes rules

Amazon.com Inc (AMZN.O) expects to have drone technology ready for package delivery operations by the time the Federal Aviation Administration finalizes drone regulations, an executive for the online retailer said on Wednesday.

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Fed says U.S. economy strong enough to handle rate hike

The U.S. economy is growing moderately after a winter swoon and likely strong enough to support an interest rate increase by the end of the year, but concerns remain over the recovery of the labor market, U.S. Federal Reserve officials said on Wednesday.

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Greek central bank issues 'Grexit' warning if aid talks fail

The Greek central bank warned on Wednesday that the country would be put on a "painful course" towards default and exiting the euro zone if the government and its international creditors failed to reach an agreement on an aid-for-reforms deal.

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