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Reuters: Business News

Alibaba spending $1 bln to raise stake in Southeast Asia's Lazada

SINGAPORE (Reuters) - Chinese e-commerce company Alibaba Group Holding is investing an additional $1 billion in Southeast Asian online retailer Lazada Group, boosting its stake by nearly a third to 83 percent and amplifying its focus on the region.

Posted: Wed 28th of June, 2017

Nasdaq futures fall as tech selloff continues

(Reuters) - Nasdaq futures were lower for a second straight day on Wednesday as the selloff in tech stocks continued, while the S&P 500 and the Dow Jones Industrial Average futures were little changed.

Posted: Wed 28th of June, 2017

Exclusive: Halliburton in talks to buy billionaire Kaiser's equipment firm - sources

HOUSTON (Reuters) - Halliburton Co is in late-stage talks to acquire a fast-growing U.S. oilfield equipment supplier backed by Oklahoma energy and banking billionaire George Kaiser, according to sources familiar with the matter.

Posted: Wed 28th of June, 2017

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