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Home2018July

Month: July 2018

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Business News

China raises tariff rates for some U.S. optical fiber products, from July 11

July 10, 2018 admin Comments Off on China raises tariff rates for some U.S. optical fiber products, from July 11

China’s commerce ministry said on Tuesday it is raising “anti-dumping tariff rates” for some optical fiber products originating from the United States, effective on Wednesday, July 11.

…read more […]

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Business News

Fuji Xerox chief sees no breakup of Fujifilm-Xerox JV

July 10, 2018 admin Comments Off on Fuji Xerox chief sees no breakup of Fujifilm-Xerox JV

The head of Fuji Xerox Co, the joint venture between Fujifilm Holdings Corp and Xerox Corp , said on Tuesday there would be no breakup of the joint venture despite an escalating dispute between the two companies.

…read more […]

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Business News

Oil prices rise as looming Norway strike adds to disruptions

July 10, 2018 admin Comments Off on Oil prices rise as looming Norway strike adds to disruptions

Oil prices rose on Tuesday on escalating concerns over potential supply shortages, with Brent crude leading the way as hundreds of oil workers in Norway were set to strike later in the day.

…read more […]

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Business News

Asia shares ease as trade war fears return, pound bewildered by politics

July 10, 2018 admin Comments Off on Asia shares ease as trade war fears return, pound bewildered by politics

Asian shares reversed early gains on Tuesday as anxieties about the Sino-U.S. trade war recast their long shadow over investor sentiment, while several high-profile resignations from Britain’s government kept sterling on the defensive.

…read more […]

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Business News

Takeda gets key U.S. regulatory approval to buy Shire

July 10, 2018 admin Comments Off on Takeda gets key U.S. regulatory approval to buy Shire

Japan’s Takeda Pharmaceutical Co Ltd said on Tuesday it received a key U.S. regulatory approval for its $62 billion deal to buy London-listed Shire Plc.

…read more […]

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Business News

Old fashion: Vintage boom buoys RealReal and jolts luxury labels

July 10, 2018 admin Comments Off on Old fashion: Vintage boom buoys RealReal and jolts luxury labels

Second-hand fashion, once confined to thrift stores, is outstripping sales growth in the primary luxury goods sector, helping market leader The RealReal expand its business and prompting international labels to look at tie-ups.

…read more […]

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Business News

SoftBank tightens grip on Yahoo Japan via $2 billion deal with Altaba

July 10, 2018 admin Comments Off on SoftBank tightens grip on Yahoo Japan via $2 billion deal with Altaba

SoftBank Group is increasing its stake in Yahoo Japan through a $2 billion, three-way deal with U.S. firm Altaba to deepen ties with the internet heavyweight ahead of an IPO of its telecoms unit.

…read more […]

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Business News

Tesla moves first to hike prices in China as trade war hits car makers

July 10, 2018 admin Comments Off on Tesla moves first to hike prices in China as trade war hits car makers

U.S. carmaker Tesla Inc has hiked prices on its Model X and S cars by about 20 percent in China, becoming the first automaker to raise prices in the world’s largest automotive market in response to a U.S.-China trade war.

…read more […]

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Business News

Tesla hikes prices in China as trade war hits carmakers

July 10, 2018 admin Comments Off on Tesla hikes prices in China as trade war hits carmakers

U.S. carmaker Tesla Inc has hiked prices on its Model X and S cars by about 20 percent in China, becoming the first automaker to raise prices in the world’s largest automotive market in response to a U.S.-China trade war.

…read more […]

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Trading Ideas

Twitter's CFO clarifies that its second-quarter user metrics won't be affected by fake account purge

July 10, 2018 admin Comments Off on Twitter's CFO clarifies that its second-quarter user metrics won't be affected by fake account purge

After a Washington Post report last week that Twitter’s fake account purge …read more […]

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Business News

Brent leads crude prices higher as Norway oil workers get ready to strike

July 10, 2018 admin Comments Off on Brent leads crude prices higher as Norway oil workers get ready to strike

Oil prices rose on Tuesday on escalating concerns over potential supply shortages, with Brent crude leading the way as hundreds of oil workers in Norway were set to strike later in the day.

…read more […]

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Business News

Former Goldman Sachs banker in 1MDB plea talks with U.S.: WSJ

July 10, 2018 admin Comments Off on Former Goldman Sachs banker in 1MDB plea talks with U.S.: WSJ

A former Goldman Sachs Group Inc. banker is in talks with U.S. prosecutors to potentially plead guilty to criminal charges stemming from an alleged scheme to steal billions of dollars from a Malaysian state investment fund, the Wall Street Journal reported, citing people familiar with the matter said.

…read more […]

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Business News

Asia shares rise for a third day, pound bewildered by politics

July 10, 2018 admin Comments Off on Asia shares rise for a third day, pound bewildered by politics

Asian shares rallied for a third session on Tuesday as hopes for upbeat corporate earnings buoyed Wall Street, while several high-profile resignations from Britain’s government kept sterling on the defensive.

…read more […]

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Business News

Yahoo Japan buys back $2 billion of shares in three-way deal with SoftBank, Altaba

July 10, 2018 admin Comments Off on Yahoo Japan buys back $2 billion of shares in three-way deal with SoftBank, Altaba

Yahoo Japan Corp is buying back around $2 billion worth of its shares from SoftBank Group Corp as part of a three-way deal with its top shareholders, U.S. investment firm Altaba Inc and SoftBank.

…read more […]

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Business News

Do not blame OPEC, oil producer group says of Trump criticism

July 10, 2018 admin Comments Off on Do not blame OPEC, oil producer group says of Trump criticism

The president of OPEC defended the oil producer group on Monday against U.S. President Donald Trump’s recent demands for higher oil output, saying OPEC does not shoulder the blame.

…read more […]

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