Asian shares retreated on Thursday after the U.S. Federal Reserve raised rates, as expected, and kept most of its guidance for additional hikes next year, dashing investor hopes for a more dovish policy outlook.
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.
Facebook Inc shares sank on Wednesday as concerns about its ability to safeguard user data sparked a government lawsuit, criticism in the U.S. Congress and a New York Times report on how it had shared data with other companies.
Novartis AG and Bayer AG are among nearly 30 drugmakers that have taken steps to raise the U.S. prices of their medicines in January, ending a self-declared halt to increases made by a pharma industry under pressure from the Trump administration, according to documents seen by Reuters.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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