Business & Finance News
Volkswagen will invest 2.4 billion reais ($577 million) in one of its Brazil factories, Sao Paulo state governor Joao Doria said on Thursday during a visit to the automaker’s headquarters in Germany.
T. Rowe Price has held informal talks with advisors of Venezuelan opposition leader Juan Guaido about financing a $913 million payment on state oil firm PDVSA’s 2020 bond, an executive at the U.S. fund manager told Reuters, adding the plan would only work if Washington alters sanctions on Venezuela.
Apple Inc will host an event on Sept. 10 at the Steve Jobs Theater in the company’s Cupertino, California campus, where it is widely expected to unveil new iPhone models.
The Federal Trade Commission is investigating the marketing practices of e-cigarette maker Juul Labs inc, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Argentine asset prices fell on Thursday and country risk soared to levels not seen since 2005 after the government announced plans to “reprofile” about $100 billion of its debt, leaving investors scrambling to assess what kind of hit they might take.
Several U.S. retailers, footwear companies and business groups have warned that the long-drawn Sino-U.S. trade war would jack up consumer prices and trigger job losses.
U.S. aluminum producer Novelis is set to secure EU antitrust approval for its $2.6 billion bid for Aleris, people familiar with the matter said on Thursday.
U.S. and European shares advanced on Thursday as China struck a hopeful tone on trade relations with the United States and as Italy appeared close to forming a new government and resolving its political crisis.
A rise in technology stocks lifted Wall Street on Thursday, as China sounded hopeful of a resolution to the protracted trade dispute with the United States, easing investor fears of the risk of a recession.
U.S. companies doing business in China remain profitable, but 81% say escalating trade tensions between the world’s two largest economies have affected their business operations, a new survey released Thursday by the US-China Business Council found.
German carmaker Volkswagen is holding talks with officials in Ankara over Turkey’s vehicle tax regime as it seeks to conclude a 1-billion euro investment to build a production plant in Turkey, two sources said on Thursday.
EU antitrust regulators will clear Novelis’ $2.6 billion takeover of Aleris after the U.S. aluminum producer pledged a far-ranging set of concessions, people familiar with the matter said on Thursday.
Argentina’s peso slumped on Thursday and its country risk soared to levels not seen since 2005 after the government announced plans to “reprofile” about $100 billion of its debt, leaving investors scrambling to assess what kind of hit they might face.
Best Buy Co Inc blamed planned U.S. tariffs on Chinese imports and uncertainty about future consumer behavior for a lower annual sales forecast, becoming the latest company to air concerns about President Donald Trump’s trade war with Beijing.
A rise in technology shares lifted Wall Street on Thursday, as China sounded hopeful of a resolution to the long-standing trade dispute with the United States, easing investor fears of the risk of a recession.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
