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Business News

China’s draft foreign investment law bans forced tech transfer, emphasizes reciprocity

December 27, 2018 admin Comments Off on China’s draft foreign investment law bans forced tech transfer, emphasizes reciprocity

China has proposed a ban on forced technology transfer and illegal government “interference” in foreign business operations, practices that have come under the spotlight in a trade dispute with the United States.

…read more […]

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Business News

U.S. Commerce Department won’t publish economic data during shutdown: WSJ

December 27, 2018 admin Comments Off on U.S. Commerce Department won’t publish economic data during shutdown: WSJ

The U.S. Department of Commerce’s Bureau of Economic Analysis and Census Bureau will not publish economic data during the ongoing partial government shutdown, the Wall Street Journal reported on Wednesday, citing an agency spokeswoman.

…read more […]

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Business News

U.S. Commerce Dept won’t publish economic data during shutdown: WSJ

December 27, 2018 admin Comments Off on U.S. Commerce Dept won’t publish economic data during shutdown: WSJ

The U.S. Department of Commerce’s Bureau of Economic Analysis and Census Bureau will not publish economic data during the ongoing partial government shutdown, the Wall Street Journal reported on Wednesday, citing an agency spokeswoman.

…read more […]

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Business News

Wall Street surge provides relief to battered stock markets

December 27, 2018 admin Comments Off on Wall Street surge provides relief to battered stock markets

Asian shares on Thursday rode a dramatic surge on Wall Street as markets, hammered by a recent drum roll of deepening political and economic gloom, cheered upbeat U.S. data and the Trump administration’s effort to shore up investor confidence.

…read more […]

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Sinopec suspends top officials at its trading arm: sources

December 27, 2018 admin Comments Off on Sinopec suspends top officials at its trading arm: sources

Chinese state oil major Sinopec has suspended two senior officials at its trading arm Unipec after the company suffered losses, sources with knowledge of the matter said on Thursday.

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Oil prices fall after jump the day before; glut, economy worries weigh

December 27, 2018 admin Comments Off on Oil prices fall after jump the day before; glut, economy worries weigh

Oil fell on Thursday after soaring 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support.

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Business News

Asian shares ride Wall Street surge, oil rally

December 27, 2018 admin Comments Off on Asian shares ride Wall Street surge, oil rally

Asian shares on Thursday latched on to a dramatic surge on Wall Street as markets, battered by a recent drum roll of deepening political and economic gloom, cheered upbeat U.S. data and the Trump administration’s effort to shore up investor confidence.

…read more […]

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Business News

U.S. oil prices extend gains as equities rise, but economic worries weigh

December 27, 2018 admin Comments Off on U.S. oil prices extend gains as equities rise, but economic worries weigh

U.S. oil prices on Thursday extended their sharp climb from the session before amid rising stock markets, but worries over a glut in crude supply and concerns over a faltering global economy kept a lid on gains.

…read more […]

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Most shorted stocks log record gain as Wall Street surges

December 27, 2018 admin Comments Off on Most shorted stocks log record gain as Wall Street surges

One notable factor in Wall Street’s monster rally on Wednesday was a record gain in an index of stocks that have the largest bets placed against them by market contrarians.

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In Japan, a scramble for new workers disrupts traditional hiring

December 27, 2018 admin Comments Off on In Japan, a scramble for new workers disrupts traditional hiring

It’s a rite of spring in Japan: Major corporations hire fresh university graduates en masse every April, starting them all at the same salary with assurances of rising pay and lifetime employment.

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Business News

General Dynamics among those winning Pentagon contracts

December 27, 2018 admin Comments Off on General Dynamics among those winning Pentagon contracts

The U.S. Defense Department said on Wednesday it had awarded contracts for submarine maintenance and modernization to General Dynamics Corp for $1.1 billion, to Huntington Ingalls Industries Inc for $874 million and to Oceaneering International Inc for $828 million.

…read more […]

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Business News

Ex-Insys CEO to plead guilty to opioid kickback scheme

December 27, 2018 admin Comments Off on Ex-Insys CEO to plead guilty to opioid kickback scheme

The former chief executive of Insys Therapeutics Inc has agreed to plead guilty to participating in a scheme to bribe doctors to prescribe a powerful opioid medication sold by the company, U.S. prosecutors said on Wednesday.

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Business News

Exxon continues drilling offshore Guyana as Venezuela lodges complaint

December 27, 2018 admin Comments Off on Exxon continues drilling offshore Guyana as Venezuela lodges complaint

Exxon Mobil Corp said on Wednesday its oil drilling and development activities offshore Guyana were unaffected by a weekend incident in which Venezuela’s navy stopped two exploration vessels the company had hired.

…read more […]

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Business News

South Korea’s SK Innovation bets on Europe, China electric vehicle demand

December 27, 2018 admin Comments Off on South Korea’s SK Innovation bets on Europe, China electric vehicle demand

South Korea’s SK Innovation , a supplier of electric vehicle (EV) batteries to Daimler and Volkswagen , aims to boost production capacity more than tenfold by 2022, betting on global demand.

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U.S. trade delegation to travel to China week of January 7 for talks -Bloomberg

December 26, 2018 admin Comments Off on U.S. trade delegation to travel to China week of January 7 for talks -Bloomberg

A U.S. trade team will travel to Beijing the week of Jan. 7 to hold talks with Chinese officials, Bloomberg reported on Wednesday, citing two people familiar with the matter.

…read more […]

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