SYDNEY (Reuters) – No. 2 Australian lender Westpac Banking Corp said on Friday it had been “too slow” to resolve customer complaints and had created an executive role to handle them, as the country’s financial sector responds to revelations of serious misconduct.
TOKYO (Reuters) – Asian stocks edged up on Friday as investors kept a cautious watch on developments in U.S.-China trade negotiations, with the dollar perched near a five-month peak after the benchmark U.S. Treasury yield hit its highest in seven years.
SINGAPORE (Reuters) – Oil prices held firm on Friday on strong demand, ongoing supply cuts led by producer cartel OPEC and looming U.S. sanctions against major crude exporter Iran.
BEIJING (Reuters) – Toyota Motor Corp is taking an unprecedented route to meet China’s stringent green car quotas: its showrooms will sell an electric vehicle without the Japanese company’s distinctive triple-oval logo.
WASHINGTON (Reuters) – China is offering U.S. President Donald Trump a package of trade concessions and increased purchases of American goods aimed at cutting the U.S. trade deficit with China by up to $200 billion a year, U.S. officials familiar with the proposal said.
LOS ANGELES (Reuters) – Billionaire entrepreneur Elon Musk is bringing his technology charm offensive to an attempt at digging a tunnel beneath part of Los Angeles to test designs for a high-speed subterranean transportation network he envisions for the city.
TOKYO (Reuters) – Asian stocks edged up on Friday as investors kept a cautious watch on developments in U.S.-China trade negotiations, while the dollar was perched near a five-month peak against a basket of currencies thanks to the benchmark U.S. Treasury yield topping a seven-year high.
WASHINGTON (Reuters) – China has offered U.S. President Donald Trump a package of proposed purchases of American goods and other measures aimed at reducing the U.S. trade deficit with China by some $200 billion a year, U.S. officials familiar with the proposal said.
Pipeline operators Enbridge Inc, Williams Cos and Cheniere Energy Inc said on Thursday they would restructure after a U.S. rule change removed a key tax benefit for publicly traded partnerships controlled by those companies. Williams said it would buy all common units of its master limited partnership (MLP) Williams Partners in a deal valued at $10.5 billion. Enbridge said it would buy its independent units including Spectra Energy Partners and Enbridge Energy Partners as well as its pipeline assets and bring then under a single listed entity for …read more […]
(Reuters) – CBS Corp’s board on Thursday approved a special dividend that would cut controlling shareholder Shari Redstone’s stake in the U.S. media company to about 20 percent, a move that requires approval by a Delaware court.
NEW YORK (Reuters) – David Tepper’s Appaloosa Management and two of his funds received Federal Trade Commission clearance earlier this week that could clear the way for the billionaire to become an activist investor in drugmaker Allergan Plc.
The bizarre recent tale of ZTE is getting another wrinkle. Earlier today, a …read more […]
NEW YORK (Reuters) – Brookfield Property Partners is in talks to acquire a stake in a Manhattan office tower majority-owned by a company that was previously run by Jared Kushner, son-in-law of U.S. President Donald Trump, a source familiar with a potential deal said on Thursday.
NEW YORK (Reuters) – United Airlines’ chief financial officer, Andrew Levy, has stepped down, the carrier said on Thursday, a major management shakeup at a time when the airline’s financial performance has been lagging rivals.
(Reuters) – Billionaire investor Carl Icahn disclosed a 9.38 pct stake in insurer AmTrust Financial Services Inc on Thursday.
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