Business & Finance News
China’s foreign ministry said on Tuesday that the government would respond with firm resolve if the United States insists on escalating trade tensions.
Italy’s Industry Minister Luigi Di Maio said on Tuesday the government was in a final rush to orchestrate a rescue of trouble carrier Alitalia.
The situation regarding plans to merge Renault and Italian rival Fiat Chrsyler “is not closed”, said France’s transport minister, adding to a chorus of French ministers hoping that the deal could be revived.
Saga, the British tourism and insurance firm for the over-50s, said on Tuesday it ways teaming up with Goldman Sachs on savings products, as part of a drive to revive its bottom line after a profit warning in April.
Apple supplier Foxconn on Tuesday announced a plan to overhaul its leadership structure in a move to allow more senior executives involved in the running of its daily operations.
Swiss drugmaker Roche on Tuesday named a new head of its $13-billion-per-year diagnostics business and also said board member Peter Voser is stepping down to focus on his expanded duties as interim head of Swiss engineering group ABB.
Japan’s Tokyo Electron, the world’s No.3 supplier of semiconductor manufacturing equipment, will not supply to Chinese clients blacklisted by Washington, a senior company executive told Reuters.
Asian stocks gained on Tuesday, led by Chinese shares after Beijing eased financing rules to boost local government spending on public works, and bolstered by investor relief following a U.S. decision to hold off import tariffs on Mexico.
Swiss drugmaker Roche on Tuesday announced changes to its board and executive leadership as longtime director Peter Voser stepped down to concentrate on his expanded duties at engineering group ABB.
Chinese companies and investors are lining up in spades to take part in Shanghai’s new Nasdaq-style tech board, with a groundswell of patriotic support surging further after the U.S. blacklisting of telecom firm Huawei inflamed trade tensions.
Shanghai’s new Nasdaq-style Sci-tech Innovation Board has so far drawn applications from 120 companies.
Asian stocks, led by Chinese shares, gained on Tuesday as markets basked in relief following the U.S. decision to hold off from imposing import tariffs on Mexico as the two governments agreed a deal to combat illegal migration from Central America.
The head of Amazon.com Inc’s cloud computing division on Monday said the company would work with any government agency that followed the law, in contrast with rival Microsoft Corp, which has touted its rejection of some controversial sales.
Citigroup has teamed up with Singapore-based ride-hailing firm Grab to launch co-branded credit cards, as it looks to boost its Asian customer base by about 13% via partnerships with digital firms, a senior Citi executive said.
China’s Huawei Technologies Co Ltd will need more time to become the world’s largest smartphone maker, a goal it originally aimed to achieve in the fourth quarter of this year, a senior executive said on Tuesday.
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