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Home2019September

Month: September 2019

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Business News

U.S., China grant trade concessions as fresh talks loom

September 12, 2019 admin Comments Off on U.S., China grant trade concessions as fresh talks loom

U.S. President Donald Trump on Wednesday welcomed China’s decision to exempt some U.S. anti-cancer drugs and other goods from its tariffs and announced a short delay to scheduled tariff hikes on billions worth of Chinese goods.

…read more […]

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Business News

Explainer: Advertising executives point to five ways Google stifles business

September 12, 2019 admin Comments Off on Explainer: Advertising executives point to five ways Google stifles business

U.S. authorities investigating Alphabet Inc’s Google for anticompetitive behavior have recently begun probing the company’s $116 billion-a-year advertising business.

…read more […]

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Hong Kong exchange shares fall after $39 billion takeover bid for LSE

September 12, 2019 admin Comments Off on Hong Kong exchange shares fall after $39 billion takeover bid for LSE

Hong Kong Exchanges and Clearing Ltd (HKEX) shares fell more than 3% on Thursday as investors weighed the merits of its $39 billion takeover approach to London Stock Exchange Plc (LSE) , a deal that would make it a global giant.

…read more […]

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Yahoo Japan bids for control of fashion e-tailer Zozo for $3.7 billion

September 12, 2019 admin Comments Off on Yahoo Japan bids for control of fashion e-tailer Zozo for $3.7 billion

Yahoo Japan Corp on Thursday offered to buy the majority of online fashion retailer Zozo Inc for 400 billion yen ($3.70 billion), to better compete against rivals Amazon.com Inc and Rakuten Inc .

…read more […]

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Cathay Pacific freezes new hiring, to focus on cost cuts: memo

September 12, 2019 admin Comments Off on Cathay Pacific freezes new hiring, to focus on cost cuts: memo

Cathay Pacific Airways Ltd has put a freeze on new hiring, according to an internal memo seen by Reuters, as the airline battles a slump in demand from fliers avoiding Hong Kong amid massive anti-government protests in the city.

…read more […]

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Asian stocks hit six-week high on trade war hopes ahead of ECB

September 12, 2019 admin Comments Off on Asian stocks hit six-week high on trade war hopes ahead of ECB

Asian stocks hit a six-week high on Thursday on hopes for a thaw in U.S.-China trade frictions and expectations that the European Central Bank would kick off another wave of monetary easing by global central banks.

…read more […]

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Hong Kong exchange falls over 3% after $39 billion takeover bid for LSE

September 12, 2019 admin Comments Off on Hong Kong exchange falls over 3% after $39 billion takeover bid for LSE

Hong Kong Exchanges and Clearing Ltd (HKEX) shares fell more than 3% on Thursday after the bourse unveiled a $39 billion takeover approach to the London Stock Exchange Plc (LSE) on Wednesday.

…read more […]

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GE begins divestment of Baker Hughes with $2.7 billion share sale

September 12, 2019 admin Comments Off on GE begins divestment of Baker Hughes with $2.7 billion share sale

General Electric Co (GE) on Wednesday said it plans to reduce its ownership in oil and gas company Baker Hughes A GE Co to 38.4% from 50.4% at June-end, and aims to raise $2.7 billion in the process.

…read more […]

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GE to cede majority control of Baker Hughes in $2.7 billion share sale

September 12, 2019 admin Comments Off on GE to cede majority control of Baker Hughes in $2.7 billion share sale

General Electric Co on Wednesday said it plans to reduce its ownership in oil and gas company Baker Hughes A GE Co to 38.4% from 50.4% at June-end, and aims to raise $2.7 billion in the process.

…read more […]

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Trump rules out for now cutting capital-gains taxes

September 12, 2019 admin Comments Off on Trump rules out for now cutting capital-gains taxes

U.S. President Donald Trump has ruled out for now slashing taxes on capital gains after a meeting with his advisers, a White House spokesman said on Wednesday.

…read more […]

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Asian stocks rise on hopes for U.S.-China trade, monetary stimulus

September 12, 2019 admin Comments Off on Asian stocks rise on hopes for U.S.-China trade, monetary stimulus

Asian stocks rose on Thursday on hopes for a thaw in U.S.-China trade frictions and expectations that the European Central Bank will kick off another wave of monetary easing by global central banks.

…read more […]

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Business News

U.S., China grant trade concessions ahead of fresh talks

September 12, 2019 admin Comments Off on U.S., China grant trade concessions ahead of fresh talks

U.S. President Donald Trump on Wednesday welcomed China’s decision to exempt some U.S. anti-cancer drugs and other goods from its tariffs and announced a delay to scheduled tariff hikes on billions worth of Chinese goods.

…read more […]

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Business News

U.S. judge approves novel framework for opioid settlement talks

September 12, 2019 admin Comments Off on U.S. judge approves novel framework for opioid settlement talks

A federal judge on Wednesday approved the substance of a proposal by lawyers representing cities and counties suing drug companies over the U.S. opioid epidemic that would bring every state and municipality in the country into their settlement talks.

…read more […]

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Trump: U.S. agrees to delay tariff hike on some Chinese goods by two weeks

September 12, 2019 admin Comments Off on Trump: U.S. agrees to delay tariff hike on some Chinese goods by two weeks

U.S. President Donald Trump said on Wednesday the United States has agreed to delay increasing tariffs on $250 billion worth of Chinese imports from Oct. 1 to Oct. 15 “as a gesture of good will.”

…read more […]

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Top U.S. trade official submits USMCA ideas to Democrats: lawmakers

September 12, 2019 admin Comments Off on Top U.S. trade official submits USMCA ideas to Democrats: lawmakers

The Trump administration on Wednesday sent U.S. House of Representatives Democrats its latest proposals for addressing legislators’ concerns about the new U.S.-Mexico-Canada trade deal, lawmakers and congressional sources said.

…read more […]

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