Month: October 2018

Mobile telecom gear maker Ericsson said on Thursday that it has dismissed 50 people over a U.S. corruption probe it warned could lead to a financial penalty.

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U.S. stock futures fell on Thursday after the Federal Reserve’s minutes showed policy makers broadly agreed on the need to raise interest rates further, fanning concerns that triggered a brutal selloff last week.

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The dollar held near a one-week high on Thursday and stocks were mixed after minutes showing the Federal Reserve may favor more rate hikes next year.

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Philip Morris International , maker of Marlboro cigarettes among others, reported higher quarterly sales and profit on Thursday, helped by growth of its IQOS tobacco-heating device.

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The son of billionaire Macau casino magnate Stanley Ho on Thursday announced the revival of an entertainment project left dormant for eight years, as authorities move to seize idle land in the world’s largest gambling hub.

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Air France KLM shares rose on Thursday, which traders attributed to a report on the website of business publication La Tribune that Air France would put forward a pay agreement proposal to unions later this week.

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Europe has talked long enough about whether to make internet giants like Google , Apple and Facebook pay more taxes and it is time for a decision, French Finance Minister Bruno Le Maire said on Thursday.

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The dollar rose to a one-week high on Thursday and stocks edged lower after signs that the Federal Reserve will keep raising interest rates through 2019 undermined a bounce in world markets.

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Takeda Pharmaceutical Co Ltd said on Thursday Japan’s Fair Trade Commission had approved its $62 billion acquisition of Shire Plc , bringing the Japanese firm closer to sealing a deal that will make it a global top 10 drugmaker.

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British fashion group New Look is to exit China and will close its remaining 120 stores there by the end of the year, it said on Thursday.

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Indonesia’s anti-graft agency said on Thursday it had raided 10 locations, including the home of Lippo Group Deputy Chairman James Riady, as part of a bribery investigation linked to the conglomerate’s $21 billion Meikarta real estate project.

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China’s benchmark stock index skidded to four-year lows on Thursday, dragging Asian equities lower, while the dollar hit a one-week high as minutes of the Federal Reserve’s latest meeting reinforced expectations that U.S. yields will rise further.

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Private equity giant Blackstone Group has quit a takeover battle for Australian office-block owner Investa Office Fund after it was gazumped by Canadian landlord Oxford Properties Group’s A$3.35 billion ($2.4 billion) bid.

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Volkswagen on Thursday said it will offer trade-in incentives and a bonus for scrapping older diesel vehicles in Germany, in a move to stave off driving bans in polluted cities.

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Takeda Pharmaceutical Co Ltd said on Thursday Japan’s Fair Trade Commission had approved its $62 billion acquisition of Shire Plc , bringing the Japanese firm closer to sealing a deal that will make it a global top 10 drugmaker.

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