Articles by admin

Despite signs that the U.S. economy is slowing, New York-based Citigroup Inc is betting big on credit cards.

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Stimulus from China capped a strong week for global share markets on Friday, while bond buyers and dollar dealers were waiting for U.S. jobs data after their first significant selloffs in months.

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Huawei Technologies showcased its chipset for a new high-end smartphone on Friday, pressing ahead with plans to launch its Mate 30 range, despite uncertainty about whether the new phones will be able to run Google’s Android operating system and apps.

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Nissan Motor Co is considering pulling out of South Korea, the Financial Times reported on Friday, as political and trade tensions between Japan and South Korea have caused sales of Japanese products in the neighboring country to plummet.

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U.S. congressional investigators have identified possible failures in Deutsche Bank AG’s money laundering controls in its dealings with Russian oligarchs, after the lender handed over a trove of transaction records, emails and other documents, three people familiar with the matter said.

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Asian stocks gained on Friday, joining a global trend as investors took heart from firm U.S. economic data plans hopes a meeting between U.S. and Chinese negotiators next month signals an easing in trade tensions.

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Chinese Premier Li Keqiang said on Friday that China hopes Germany will accept more Chinese companies and loosen export rule for certain goods.

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German Chancellor Angela Merkel said at the start of a visit to Beijing on Friday that the China-U.S. trade war affects the whole world and that she hopes it will be resolved soon.

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German Chancellor Angela Merkel said on Friday that Germany is open for Chinese investment and she welcomes all Chinese companies to invest in the country.

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U.S. job growth likely slowed further in August, but the pace of gains probably remains sufficient to keep the economy expanding moderately amid rising threats from trade tensions and weakness overseas that have left financial markets fearing a recession.

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Nissan Motor Co is not currently considering asking embattled CEO Hiroto Saikawa to resign, two people with knowledge of the matter told Reuters on Friday, a day after he admitted to being overpaid in violation of internal procedures.

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Asian stocks joined global peers and rose on Friday while safe havens such as government bonds and the yen were on the defensive amid hopes for easing U.S.-China trade tensions and as firm U.S. economic data increased risk appetites.

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Nissan Motor Co is not considering asking embattled Chief Executive Hiroto Saikawa to resign now, two people with knowledge of the matter told Reuters on Friday, a day after he admitted to being overpaid in violation of internal procedures.

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A federal appeals court on Thursday threw out a $26.9 million award in favor of Sprint Corp, in a setback to the company’s years-long campaign to stop what it calls cellphone trafficking.

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Asian stocks tracked global peers and rose on Friday while safe havens such as government bonds and the yen were sold amid signs of easing U.S.-China trade tensions and as firm U.S. economic data bolstered risk appetites.

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