Articles by admin

Shares in Cathay Pacific Airways Ltd fell more than 2% in early trade on Thursday following the resignation of its chairman after the market closed on Wednesday.

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Asian stocks perked up on Thursday, as apparent progress in the political crises in Britain and Hong Kong gave investor confidence a shot in the arm, with easing fears of a hard Brexit lifting the battered pound.

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Ford Motor Co has scrapped a plan to create a unified national sales company for China that stoked mistrust of the automaker at its joint venture partners and contributed to a spectacular collapse in sales in the world’s biggest car market.

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As many as a dozen partners at Goldman Sachs Group Inc are negotiating an exit from the bank and are likely to leave by the end of 2019, the Wall Street Journal reported on Wednesday.

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Mexico’s government said on Wednesday that new duties imposed on some Mexican structural steel by the U.S. Commerce Department are part of a normal investigation when an industry feels it is being affected by imports that use unfair practices, such as dumping or subsidies.

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Slack Technologies Inc forecast slowing revenue growth in the second half and a bigger-than-expected third-quarter loss in its first report as a public company on Wednesday, as it faces intense competition from Microsoft Corp and others.

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U.S. biodiesel industry leaders told an Environmental Protection Agency regional administrator in Houston on Wednesday that they want the Trump administration to boost the volume of biodiesel that oil refiners must blend into their fuel each year, two sources familiar with the matter said.

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Nissan Motor Co Chief Executive Hiroto Saikawa admitted to misconduct involving stock-related compensation and said he planned to return the portion he had wrongfully received, Jiji news agency reported.

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The world’s largest investment banks have had their worst start to a year since 2006, according to the latest data published by industry analyst Coalition on Thursday.

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General Motors Chief Executive Mary Barra is set to meet with U.S. President Donald Trump and White House officials on Thursday to discuss a variety of issues including trade, ongoing contract talks and revising vehicle fuel efficiency standards, three people briefed on the matter said.

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The U.S. Commerce Department said on Wednesday it imposed duties on Chinese and Mexican structural steel after making a preliminary determination that producers in both countries had dumped fabricated structural steel on the U.S. market at prices below fair market value.

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General Motors chief executive Mary Barra is set to meet with U.S. President Donald Trump and White House officials on Thursday to discuss a variety of issues including trade, ongoing contract talks and revising fuel efficiency standards, three people briefed on the matter said.

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New York City sued T-Mobile USA Inc on Wednesday, accusing the fourth-largest U.S. mobile phone company of engaging in “rampant” sales abuses of customers for its lower-priced, prepaid wireless brand, Metro by T-Mobile.

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(Reporting by Abhishek Manikandan in Bengaluru; Editing by Maju Samuel)

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