Oracle Corp plans to hire nearly 2,000 additional workers as part of an aggressive plan to roll out its cloud computing services to more locations around the world, its cloud chief told Reuters on Monday.
U.S. President Donald Trump on Monday called his new trade deal with Japan “a game changer for our farmers and our
Oil prices rose on Tuesday, buoyed by overnight gains in industrial commodities, while unrest in oil-producing countries Iraq and Ecuador raised concerns of supply disruption, adding to support. Brent crude rose 38 cents, or 0.7%, to $58.73 a barrel by 0344 GMT, while U.S. West Texas Intermediate (WTI) crude was at $53.08, up 33 cents, or 0.6%. “Copper and aluminum traded very strongly in London and given the weakness we saw in manufacturing data last week, that suggests that there’s some correction going on in industrial commodities generally,” said Michael McCarthy, chief market strategist at brokerage CMC Markets …read more […]
Asian shares inched up in early trade on Tuesday, with investors cautious ahead of tense U.S.-China trade talks while the Turkish lira slipped over concerns about Ankara’s planned incursion in northern Syria.
U.S. President Donald Trump on Monday called his new trade deal with Japan “a game changer for our farmers and our
WeWork is locked in negotiations this week with its largest shareholder, Softbank Group Corp , over a new $1 billion investment to enable the shared office space company to go through a major restructuring, according to sources familiar with discussions.
Chinese Vice Premier Liu He and top trade negotiator will be traveling to Washington for the next round of trade talks with the United States on Oct.10-11, China’s commerce ministry said on Tuesday.
WeWork is locked in negotiations this week with its largest shareholder, Softbank Group Corp, over a new $1 billion investment to enable the shared office space company to go through a major restructuring, according to sources familiar with discussions. If the talks are successful, WeWork, which had to abandon an initial public offering last week because of investor concerns about how it was valued and its business model, will seek to negotiate a $3 billion debt deal with JPMorgan Chase & Co , the sources said. WeWork and SoftBank did not immediately respond to requests to comment. …read more […]
South Korean tech giant Samsung Electronics on Tuesday reported its third-quarter operating profit likely tumbled 56%, hurt by a downturn in global memory chip prices but slightly better than analysts had anticipated. The world’s biggest semiconductor firm by revenue has struggled since late last year as a weak global economy and slower spending from data centre customers ended a two-year boom in the memory chip market where Samsung rakes in around two thirds of its entire profit. Operating profit for the July to September quarter was likely 7.7 trillion won ($6.44 billion), Samsung said, down from a record …read more […]
Prospects for progress in U.S.-China trade talks dimmed on Monday after Washington blacklisted Chinese companies over Beijing’s treatment of predominantly Muslim ethnic minorities, and President Donald Trump said a quick trade deal was unlikely.
(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The Trump administration placed eight Chinese technology companies on a U.S. blacklist on Monday, accusing them of being implicated in human rights violations against Muslim minorities in China’s far-western province of Xinjiang.The companies include two video surveillance companies — Hangzhou Hikvision Digital Technology Co. and Zhejiang Dahua Technology Co. — that by some accounts control as much as a third of the global market for video surveillance and have cameras all over the world.The move, which was announced after U.S. …read more […]
The new U.S.-Japan trade deal will provide staged reduction of Japanese tariffs for more than $2 billion worth of U.S. beef and pork, matching access now granted to the 11 Trans-Pacific Partnership trade pact countries, a text of the agreement shows.
Trade disputes, demand destruction and continued oversupply not only suppress geopolitical risk in oil markets, they could actually lead to a sharp downturn in crude …read more […]
The Southwest Airlines Pilots Association (SWAPA) said on Monday it had filed a lawsuit against Boeing Co alleging that the planemaker “deliberately misled” the airline and pilots about its 737 MAX aircraft.
Kroger Co and Walgreens Boots Alliance Inc said on Monday they would stop selling e-cigarettes at their stores, amid heightened regulatory scrutiny of the product and reports of lung disease and some deaths linked to vaping.
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