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Home2019June

Month: June 2019

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Business News

China agrees to restart U.S. trade talks as Trump says ‘back on track’

June 29, 2019 admin Comments Off on China agrees to restart U.S. trade talks as Trump says ‘back on track’

The United States and China have agreed to restart trade talks and Washington will not level new tariffs on Chinese exports, China’s official Xinhua news agency said on Saturday, as U.S. President Donald Trump said the talks were “back on track”.

…read more […]

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Ghosn’s wife steps up call for G20 leaders to help her husband

June 29, 2019 admin Comments Off on Ghosn’s wife steps up call for G20 leaders to help her husband

The wife of ousted Nissan Chairman Carlos Ghosn has again called on world leaders, who have gathered in Japan for a G20 summit, to help raise the issue of her husband’s treatment in the country where he is facing financial misconduct charges.

…read more […]

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U.S. will not level new tariffs on Chinese exports: Xinhua

June 29, 2019 admin Comments Off on U.S. will not level new tariffs on Chinese exports: Xinhua

The United States will not levy new tariffs on Chinese exports, China’s official Xinhua news agency said on Saturday, following talks between the two countries’ leaders.

…read more […]

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Mexico’s president says big bank loan shows confidence in Pemex

June 29, 2019 admin Comments Off on Mexico’s president says big bank loan shows confidence in Pemex

An $8 billion syndicated loan to Mexico’s national oil company Pemex is a sign of confidence by more than 20 banks involved in the operation, Mexican President Andres Manuel Lopez Obrador said on Friday, after a recent credit downgrade for the firm.

…read more […]

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Heavily indebted Pemex says will merge units to save money

June 29, 2019 admin Comments Off on Heavily indebted Pemex says will merge units to save money

The board of heavily indebted Mexican state oil company Pemex [PEMEX.UL] has unanimously approved a merger of four of its subsidiaries into two units, the company said in a statement on Friday.

…read more […]

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Trump, Xi hold high-stakes trade war talks at G20 in Japan

June 29, 2019 admin Comments Off on Trump, Xi hold high-stakes trade war talks at G20 in Japan

U.S. President Donald Trump said on Saturday he was open to a potentially “historic” trade deal with Chinese President Xi Jinping, as they began talks that could ease tensions or plunge the world’s two largest economies into a deeper trade war.

…read more […]

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Trump says it would be ‘monumental’ if U.S. can reach deal with China

June 29, 2019 admin Comments Off on Trump says it would be ‘monumental’ if U.S. can reach deal with China

U.S. President Donald Trump said on Saturday he was open to a trade deal with Chinese President Xi Jinping that would be “monumental”, as they began high-stake talks that could ease tensions or plunge the world’s two largest economies into a deeper trade war.

…read more […]

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Theranos founder Elizabeth Holmes, top deputy ordered to stand trial in 2020

June 29, 2019 admin Comments Off on Theranos founder Elizabeth Holmes, top deputy ordered to stand trial in 2020

Theranos founder Elizabeth Holmes and her former second-in-command at the Silicon Valley blood-testing startup were ordered on Friday to stand trial next year on fraud charges stemming from their claims about the company’s technology, court documents show.

…read more […]

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Theranos founder Elizabeth Holmes and top deputy ordered to stand trial in 2020

June 29, 2019 admin Comments Off on Theranos founder Elizabeth Holmes and top deputy ordered to stand trial in 2020

Theranos founder Elizabeth Holmes and her former second-in-command at the Silicon Valley blood-testing startup were ordered on Friday to stand trial next year on fraud charges stemming from their claims about the company’s technology, court documents show.

…read more […]

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G20 heads to stop short of denouncing protectionism in communique: Nikkei

June 29, 2019 admin Comments Off on G20 heads to stop short of denouncing protectionism in communique: Nikkei

Group of 20 leaders will agree to accelerate World Trade Organization (WTO) reforms but stop short of calling for the need to resist protectionism in a communique to be issued on Saturday, the Nikkei newspaper said.

…read more […]

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Trump, Xi set for high-stakes trade war talks in Japan

June 29, 2019 admin Comments Off on Trump, Xi set for high-stakes trade war talks in Japan

U.S. President Donald Trump and Chinese President Xi Jinping are set for a high-stakes meeting in Japan on Saturday that could salvage trade talks or plunge the world’s two largest economies into a deeper trade war.

…read more […]

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U.S. prosecutors subpoena records on Boeing 787 production: Seattle Times

June 29, 2019 admin Comments Off on U.S. prosecutors subpoena records on Boeing 787 production: Seattle Times

Federal prosecutors have subpoenaed records from Boeing Co relating to the production of the 787 Dreamliner in South Carolina, the Seattle Times reported on Friday, citing two sources familiar with the investigation.

…read more […]

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Apple moves Mac Pro production to China from U.S.: Wall Street Journal

June 28, 2019 admin Comments Off on Apple moves Mac Pro production to China from U.S.: Wall Street Journal

Apple Inc is shifting manufacturing of its new Mac Pro desktop computer to China from the United States, the Wall Street Journal reported on Friday, citing people familiar with the matter.

…read more […]

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Wall Street wraps up its best June in decades as G20 convenes

June 28, 2019 admin Comments Off on Wall Street wraps up its best June in decades as G20 convenes

Wall Street advanced in heavy trading on Friday, with the S&P 500 and the Dow closing the book on their best June in generations, ahead of much-anticipated trade talks between U.S. President Donald Trump and Chinese counterpart Xi Jinping at the G20 summit now underway in Japan.

…read more […]

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Facebook’s Libra coin likely to run a regulatory gauntlet

June 28, 2019 admin Comments Off on Facebook’s Libra coin likely to run a regulatory gauntlet

Facebook Inc will face unprecedented regulatory scrutiny over a new digital currency that the social media company hopes will become globally recognized legal tender within a year.

…read more […]

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