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Oil prices slip as U.S. and Russian supplies grow
LONDON (Reuters) – Oil prices slipped on Monday, pulled down by rising Russian production and as U.S. drilling activity rose to its highest in more than three years.
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Business News
‘Fair trade, fool trade’, Trump’s tweets spew ire on NATO allies, Trudeau
SINGAPORE (Reuters) – U.S. President Donald Trump fired off a volley of tweets on Monday venting anger on NATO allies, the European Union and Canadian Prime Minister Justin Trudeau in the wake of a divisive G7 meeting over the weekend.
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‘Fair trade, fool trade’, Trump’s tweets spew ire on NATO allies, Trudeau
The escalating clash over trade between Washington and some of its closest global partners cast a cloud over Trump’s efforts to make history in nuclear talks in Singapore on Tuesday with Kim Jong Un of North Korea, one of America’s bitterest foes. Having left the Group of Seven summit in Canada early, Trump’s announcement that he was backing out of the joint communique torpedoed what appeared to be a fragile consensus on the trade dispute between Washington and its top allies. …read more […]
Business News
KPMG fined $4.3 million in Britain over audit of Quindell
LONDON (Reuters) – Britain’s accounting watchdog fined KPMG 3.2 million pounds ($4.3 million) on Monday for failings in its audit of Quindell Plc, after the legal services firm twice restated its accounts leading to heavy losses.
Business News
Oil dips as U.S. and Russian supplies grow, but market eyes Singapore summit
SINGAPORE (Reuters) – Oil prices fell on Monday, pulled down by rising Russian production and U.S. drilling activity creeping to its highest in more than three years.
Business News
Bitcoin tumbles as hackers hit S.Korean exchange Coinrail
SEOUL (Reuters) – South Korean cryptocurrency exchange Coinrail said it was hacked over the weekend, sparking a steep fall in bitcoin amid renewed concerns about security at virtual currency exchanges as global policy makers struggled to regulate trading in the digital asset.
Business News
KPMG fined $6 million in Britain over audit of Quindell
LONDON (Reuters) – Britain’s accounting watchdog fined auditor KPMG 4.5 million pounds ($6 million) on Monday for failings in its audit of Quindell Plc, after the legal services firm twice restated its accounts leading to heavy losses.
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CATL Jumps on Trading Debut
Jun.11 — Shares in the world’s biggest producer of electric vehicle batteries jumped on their trading debut. Bloomberg’s Jie Ma reports on “Bloomberg Daybreak: Europe.” …read more […]
Business News
China’s Xiaomi books $1 billion quarterly loss ahead of blockbuster IPO
HONG KONG (Reuters) – Chinese smartphone maker Xiaomi booked a first-quarter net loss of 7 billion yuan ($1.09 billion) ahead of its blockbuster initial public offering.
Business News
Mitsubishi Materials unveils boardroom shake-up as data tampering scandal deepens
TOKYO (Reuters) – Japan’s Mitsubishi Materials Corp on Monday announced a top management reshuffle after the maker of metals and other products for the first time explicitly accepted responsibility over a data tampering scandal dating back to last year.
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China’s Xiaomi posts $1 billion first quarter loss ahead of blockbuster IPO
HONG KONG (Reuters) – Chinese smartphone maker Xiaomi recorded a first-quarter net loss of 7 billion yuan ($1.09 billion) ahead of its blockbuster initial public offering, according to a filing.
Business News
Asia stocks shake off G7 jolt, U.S.-North Korea summit awaited
TOKYO (Reuters) – Asia stocks shook off initial modest losses and edged up on Monday ahead of an historic U.S.-North Korea summit that investors hope might pave the way to ending a nuclear stand-off on the Korean peninsula.
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After report on “appalling” conditions, Foxconn will investigate plant that makes Amazon devices
Foxconn Technology Group says it is investigating a factory it operates that …read more […]
Business News
Oil prices fall as U.S., Russia supplies grow
SINGAPORE (Reuters) – Oil prices fell on Monday, pulled down by rising Russian production and U.S. drilling activity creeping to its highest in more than three years.
Business News
‘Fair trade, fool trade’, Trump vents anger on NATO allies, EU, Trudeau post-G7
SINGAPORE (Reuters) – U.S. President Donald Trump fired off a volley of tweets on Monday venting anger on NATO allies, the European Union and Canadian Prime Minister Justin Trudeau in the wake of a divisive G7 meeting over the weekend.