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Home2018December

Month: December 2018

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Business News

Trump says would intervene in arrest of Chinese executive

December 12, 2018 admin Comments Off on Trump says would intervene in arrest of Chinese executive

U.S. President Donald Trump said on Tuesday he would intervene with the U.S. Justice Department in the case against a Chinese telecommunications executive if it would help secure a trade deal with Beijing.

…read more […]

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Business News

Exclusive: Trump says China buying ‘tremendous amount’ of U.S. soybeans

December 12, 2018 admin Comments Off on Exclusive: Trump says China buying ‘tremendous amount’ of U.S. soybeans

U.S. President Donald Trump said on Tuesday that China was buying a “tremendous amount” of U.S. soybeans and that trade talks with Beijing were already underway by telephone, with more meetings likely among U.S. and Chinese officials.

…read more […]

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DoubleLine’s Gundlach says S&P 500 likely to go below February 2018 lows

December 12, 2018 admin Comments Off on DoubleLine’s Gundlach says S&P 500 likely to go below February 2018 lows

Jeffrey Gundlach, chief executive of DoubleLine Capital, said Tuesday on an investor webcast that the Standard & Poor’s 500 Index is likely to go below its February 2018 lows.

…read more […]

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SoftBank plans Nvidia stake sale soon, could make about $3 billion: Bloomberg

December 12, 2018 admin Comments Off on SoftBank plans Nvidia stake sale soon, could make about $3 billion: Bloomberg

SoftBank Group Corp is planning to sell its stake in Nvidia Corp early next year as the U.S. chipmaker’s shares slide, Bloomberg reported, citing people familiar with the matter.

…read more […]

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NJ Transit to decide on Bombardier order worth up to $3.6 billion

December 12, 2018 admin Comments Off on NJ Transit to decide on Bombardier order worth up to $3.6 billion

New Jersey Transit’s board will decide on Wednesday whether to award the first part of an order for up to 999 cars worth as much as $3.6 billion to Canada-based Bombardier Inc , a copy of the agency’s Dec. 12 agenda shows.

…read more […]

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Colombia’s Grupo Aval says will cooperate with U.S. investigation

December 12, 2018 admin Comments Off on Colombia’s Grupo Aval says will cooperate with U.S. investigation

Grupo Aval , Colombia’s largest financial conglomerate, said on Tuesday it had received an inquiry from the United States Justice Department related to an investigation into a highway project where one of its subsidiaries partnered with Brazilian construction firm Odebrecht.

…read more […]

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China’s Tencent Music raises nearly $1.1 billion in U.S. IPO

December 12, 2018 admin Comments Off on China’s Tencent Music raises nearly $1.1 billion in U.S. IPO

China-based music streaming company Tencent Music Entertainment Group has raised close to $1.1 billion in its U.S. initial public offering (IPO) after pricing its shares at the bottom of its targeted range, two sources said on Tuesday.

…read more […]

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Canadian court grants bail to CFO of China’s Huawei

December 12, 2018 admin Comments Off on Canadian court grants bail to CFO of China’s Huawei

A Canadian court on Tuesday granted bail to a top executive of Huawei Technologies Co Ltd while she awaits an extradition hearing, following her arrest at the request of the United States.

…read more […]

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DoubleLine’s Gundlach says S&P 500 likely to go below its February 2018 lows

December 12, 2018 admin Comments Off on DoubleLine’s Gundlach says S&P 500 likely to go below its February 2018 lows

Jeffrey Gundlach, chief executive of DoubleLine Capital, said Tuesday on an investor webcast that the Standard & Poor’s 500 Index is likely to go below its February 2018 lows.

…read more […]

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China, U.S. discuss road map for next stage of trade talks

December 12, 2018 admin Comments Off on China, U.S. discuss road map for next stage of trade talks

China has agreed to cut tariffs on U.S.-built cars and auto parts to 15 percent from the current 40 percent, a Trump administration official said on Tuesday, setting the stage for a new talks aimed at easing the bitter trade war between the world’s two largest economies.

…read more […]

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Two lawmakers want GM to commit to producing all U.S. EVs domestically

December 12, 2018 admin Comments Off on Two lawmakers want GM to commit to producing all U.S. EVs domestically

Two U.S. senators from Ohio on Tuesday asked General Motors chief executive Mary Barra to commit to building all future electric vehicles for U.S. buyers at home and to provide more details of plans to cut back on car production in North America.

…read more […]

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DoubleLine’s Gundlach says S&P 500 likely to go below its Feb 2018 lows

December 12, 2018 admin Comments Off on DoubleLine’s Gundlach says S&P 500 likely to go below its Feb 2018 lows

Jeffrey Gundlach, chief executive of DoubleLine Capital, said Tuesday on an investor webcast that the Standard & Poor’s 500 Index is likely to go below its February 2018 lows.

…read more […]

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S&P 500, Dow edge lower as U.S. shutdown threat, China trade in focus

December 12, 2018 admin Comments Off on S&P 500, Dow edge lower as U.S. shutdown threat, China trade in focus

The S&P 500 and the Dow closed marginally lower after volatile trading on Tuesday as investors swiveled their focus between China-U.S. trade talks, President Donald Trump’s threat to shut down the U.S. government and political uncertainty in Britain.

…read more […]

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U.S. weighs China travel warning over Huawei case -sources

December 11, 2018 admin Comments Off on U.S. weighs China travel warning over Huawei case -sources

The United States is considering issuing a new warning to U.S. citizens, including business executives, traveling to China after Canada arrested a senior Huawei Technologies Co Ltd [HWT.UL] executive at Washington’s request, two sources said on Tuesday.

…read more […]

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Global stocks choppy on political sparring, oil climbs

December 11, 2018 admin Comments Off on Global stocks choppy on political sparring, oil climbs

A gauge of global stock markets edged higher in volatile trade on Tuesday as investors waded through a chunk of geopolitical headlines, including threats by U.S. President Donald Trump to shut down the government over a funding fight and signs of a thaw in the U.S.-China trade battle.

…read more […]

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