WASHINGTON (AP) - Long-term U.S. mortgage rates continued to climb this week, reaching their highest level in more than four years and denting prospective home purchasers' prospects amid the spring buying season.
FRANKFURT, Germany (AP) - The head of the European Central Bank says recent signs of weakening economic growth are grounds for caution but not worrisome enough yet to consider changing the bank's stimulus and interest rate policy. Mario Draghi said Thursday that recent data points to "some moderation" in the economic growth in the 19 countries that use the euro, while still remaining "consistent with a broad-based expansion."
TOKYO (AP) - Nintendo Co. reported solid sales and profit for the fiscal fourth quarter, powered by brisk demand for its Switch machines. The company also announced Thursday that it will be getting a new president. Shuntaro Furukawa, director at The Pokemon Company, will replace Tatsumi Kimishima subject to approval at a general shareholders meeting in June. The move is an attempt to hand over the leadership to a younger generation, said spokesman Kenichiro Matsuura.
BEIJING (AP) - China appealed to Washington on Thursday to avoid damaging business confidence following a report that U.S. authorities are investigating whether Chinese tech giant Huawei violated sanctions on Iran amid spiraling technology tensions. The Wall Street Journal's report came ahead of a visit by U.S. Treasury Steve Mnuchin to Beijing next week to discuss President Donald Trump's threat to raise tariffs on Chinese goods in a dispute over technology policy.
LONDON (AP) - Energy company Royal Dutch Shell says first-quarter earnings rose 67 percent, boosted by a rebound in oil prices and growth in its natural gas business. The Anglo-Dutch company said Thursday that net income jumped to $5.9 billion, from $3.5 billion in the same quarter last year. Earnings excluding one-time items and fluctuations in the value of inventories, an industry-favored measure, rose 42 percent to $5.3 billion.
Microsoft Windows adapts as its business importance declines Amazon's quarterly profit more than doubles; shares soar Amazon raising price of annual Prime membership to $119 US durable goods orders up 2.
CARACAS, Venezuela (AP) - ConocoPhillips said Wednesday that it won a $2 billion arbitration award against Venezuela's state oil company, compounding the financial woes of the socialist-run nation as it struggles to feed its population. The award represents the equivalent of more than 20 percent of the cash-strapped government's foreign currency reserves.
LAS VEGAS (AP) - The Caesars Entertainment Corp. casino company says it plans to build a beachfront non-casino hotel in the Mexican city of Puerto Los Cabos. Company president and chief executive Mark Frissora announced Wednesday that the $200 million Caesars Palace resort will be the company's first Mexico property. Plans call for 500 rooms and suites, a 40,000-square-foot (3,716-square-meter) convention center, a spa, two golf courses, three restaurants and entertainment venues.
NEW YORK (AP) - Payment processing giant Visa on Wednesday reported a sharp jump in its fiscal second-quarter profits from a year earlier on Wednesday, as more shoppers spent money on Visa's network across all its major markets. The San Francisco-based company said it earned $2.61 billion in the period ending March 30, or $1.11 a share. The company's net income rose by 26 percent when a one-time charge tied to the purchase of Visa Europe is excluded from the year-ago results.