Business News
China’s Sinograin says has bought U.S. soybeans
China’s Sinograin said it had recently bought a few batches of soybeans from the United States, amid a truce in a trade war between the two nations.
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Business News
Exclusive: Renault, Nissan executives sought other ways to pay Ghosn – documents
Executives from both carmakers in the Renault-Nissan alliance looked at least twice at legal ways to pay Chairman Carlos Ghosn undisclosed income through the partners’ shared finances, documents seen by Reuters show.
Business News
After Fed selloff, is a U.S. bear market next?
U.S. stocks took another body blow on Wednesday after the Federal Reserve raised interest rates again and the central bank chairman did not soften his tone about the outlook for further financial tightening to the degree investors had hoped.
Business News
Fed raises interest rates, signals more hikes ahead
After weeks of market volatility and calls by President Donald Trump for the Federal Reserve to stop raising interest rates, the U.S. central bank instead did it again, and stuck by a plan to keep withdrawing support from an economy it views as strong.
Business News
Recharge: LG and Samsung take heart as China flags more open car battery market
For automotive battery makers LG Chem Ltd and Samsung SDI Co Ltd , the Chinese market has begun to offer promise after painful loss-making investments.
Business News
Japan’s Nidec to expand electric-car motor production outside China: Nikkei
Nidec Corp will add locations outside China to build motors for electric vehicles as the Japanese motor maker rethinks its supply strategy, the Nikkei business daily reported on Thursday.
Business News
U.S. Congress will not pass self-driving car bill in 2018: senators
The U.S. Congress will not vote on a bill to speed the introduction of self-driving cars before it adjourns for the year, a blow to companies like General Motors Co and Alphabet Inc’s Waymo unit, key senators said on Wednesday.
Business News
A Fed tally: Nearing normal, central bank won a few, and lost as well
The U.S. Federal Reserve has begun signaling the end of its rate-hike cycle is not far off, winding down its sometimes Sisyphean effort to restore a semblance of normalcy to monetary policy. It has been a slow slog – the Fed has managed just nine increases in three years, and it may squeeze in just a couple more.
Business News
Pier 1 CEO steps down after turnaround efforts fail
Home furnishing retailer Pier 1 Imports Inc said on Wednesday its Chief Executive Officer Alasdair James has stepped down and the company is looking at various options to turn around its business.
Business News
LME to remove suspension on Rusal metal if sanctions lifted
The London Metal Exchange (LME) said on Wednesday it proposed to lift its suspension on aluminum produced by Russia’s Rusal if U.S. sanctions are lifted.
Business News
Facebook sued by Washington, D.C., over data breach accusations
The attorney general for Washington, D.C., said on Wednesday the U.S. capital city had sued Facebook Inc for allegedly misleading users about how it safeguarded their personal data, in the latest fallout from the Cambridge Analytica scandal.
Business News
Wall St. tumbles as investors fret over Fed policy update
U.S. stocks declined sharply on Wednesday after the Federal Reserve’s forecast of fewer interest-rate increases in 2019 fell short of investors’ hopes of a more dovish monetary policy.
Business News
U.S. imposes fresh Russia sanctions for election meddling
The United States imposed fresh Russia-related sanctions on Wednesday, expanding a blacklist of individuals allegedly involved in a Kremlin-backed campaign to meddle with the 2016 U.S. presidential election, among other misdeeds.
Business News
Global stocks sink after Fed hike, bonds rally
Global equity markets gave up earlier gains and continued a weeklong sell-off on Wednesday after the U.S. Federal Reserve announced a fresh interest rate hike and said “some” further rate hikes would be necessary in the year ahead.
Business News
U.S. to remove sanctions from aluminum giant Rusal
The U.S. Treasury will lift sanctions on the core empire of Russian businessman Oleg Deripaska, including aluminum giant Rusal and its parent En+ , watering down the toughest penalties imposed since Moscow’s 2014 annexation of Crimea.