Jack Ma, the head of e-commerce giant Alibaba Group Holding Ltd and China’s best-known capitalist, is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire was politically unattached.
Asian share markets struggled to extend a global rebound on Tuesday after U.S. President Donald Trump seemed to quash hopes of a trade truce with China, dampening risk appetite across the region.
Carlos Ghosn, the former chairman of Nissan Motor Co, shifted personal investment losses incurred during the 2008 financial crisis to the automaker to avoid millions of dollars in losses himself, the Asahi Shimbun reported on Tuesday.
Record Saudi oil production pulled down crude prices on Tuesday amid cautious trading ahead of the G20 gathering that starts in Argentina on Friday and next week’s OPEC meeting in Austria.
Asian shares battled to extend a global rebound on Tuesday after U.S. President Donald Trump seemed to quash hopes of a trade truce with China, dampening risk appetite across the region.
United Technologies Corp said on Monday it would separate into three independent companies consisting of its aerospace units, Otis elevators division and Carrier air-conditioning business, as the industrial conglomerate bows to pressure from activist investors.
United Technologies Corp said on Monday it would separate into three companies consisting of its aerospace unit, Otis elevators division and its Carrier air-conditioning business.
The U.S. Securities and Exchange Commission chairman said on Monday that the agency would not revisit its securities fraud settlement with Tesla Inc despite Chief Executive Elon Musk’s tweet mocking the regulator.
Wall Street bounced back on Monday as bargain hunters returned in force after last week’s sell-off and expectations of a flurry of holiday cyber-spending drove up shares of retailers.
Hundreds of workers walked off the job and Canadian Prime Minister Justin Trudeau expressed “deep disappointment” after General Motors Co on Monday announced the closure of its Oshawa plant, catching governments and employees by surprise.
A tentative rebound in global share markets will be tested in Asia on Tuesday after U.S. President Donald Trump quashed hopes he might strike a truce on trade with China, dampening risk appetite across the region.
U.S. President Donald Trump said on Monday he expected to move ahead with raising tariffs on $200 billion in Chinese imports to 25 percent from the current 10 percent.
Ford Motor Co has no plans to carry out an auto plant shutdown in Canada along the lines of the closure announced by General Motors Co, the head of the automaker’s Canadian operation said on Monday.
Walt Disney Co and Twenty-First Century Fox Inc were sued for more than $1 billion on Monday by casino operator Genting Malaysia Bhd , which accused them of abandoning a contract related to its planned construction of the first Fox-branded theme park.
Wall Street bounced back on Monday, lifted by expectations that retailers raked in online sales during a prime holiday shopping period, while European stocks rallied after signs that Italy was preparing to rework spending plans that have fueled tensions with the European Union.
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