Business & Finance News
U.S. Secretary of State Mike Pompeo said on Thursday that China presents a real risk to U.S. national security and he believes more American companies will cut ties with Huawei Technologies
The U.S. Department of Justice’s antitrust chief, Makan Delrahim, is still open to T-Mobile US Inc’s $26 billion acquisition of smaller rival Sprint Corp, CNBC reported on Thursday.
U.S. stock index futures slid on Thursday, as investors worried that the U.S.-China trade war could spiral into a technology cold war between the two countries, with no signs of resolution in sight.
Tyson Foods Inc said on Thursday it has not formalized plans for a beef processing plant in Kazakhstan, responding to a media report that the largest U.S. meat processor was in talks over a multibillion-dollar investment in the country.
Best Buy Co Inc beat Wall Street estimates for quarterly same-store sales on Thursday, as the consumer electronics retailer sold more wearables and tablets and signed up more people to its subscription-based tech support services.
Automotive supplier Bosch has agreed to pay a 90 million euros ($100.21 million) fine for lapses in supervisory duties which enabled carmakers to engage in emissions cheating, German prosecutors in the city of Stuttgart said on Friday.
Beijing said Washington needs to correct its “wrong actions” for trade talks to continue after the U.S. blacklisted Huawei, a blow that has rippled through global supply chains and battered tech shares as investors feared a looming technology cold war.
Starbucks Corp said on Thursday that a company controlled by Thai billionaire Charoen Sirivadhanabhakdi and a Hong Kong-based firm had won an exclusive deal to operate and develop its retail business in Thailand.
Finnish tire maker Nokian Tyres expects its new U.S. factory in Tennessee to help it double its sales in North America, especially by expanding its all-season tire sales in the region, the company said on Thursday.
Deutsche Bank’s chief executive is prepared to make “tough cutbacks” in its investment banking business, whose future is in doubt after several failed restructurings, in order to be profitable and competitive.
Lawyers for Carlos Ghosn will ask a Japanese court to allow the former Nissan Motor boss one monitored visit with his wife after the Supreme Court upheld curbs on contact with his spouse while he is on bail, his legal team said on Thursday.
World shares made it four days in the red in the last five on Thursday as concerns grew that the China-U.S. trade conflict was fast turning into a technology cold war between the world’s two largest economies.
Italy’s ruling League party is ready to back a state rescue of Carige in the absence of private investors willing to plug in a capital shortfall at the ailing bank, Deputy Prime Minister Matteo Salvini was quoted as saying.
Deutsche Bank’s chief executive said on Thursday that he was ready to make “tough cutbacks” to its investment bank, whose future is in doubt after several failed restructurings.
Malaysian police raided the Kuala Lumpur office of audit firm Deloitte on Thursday to search for documents and records related to a multibillion-dollar scandal at state fund 1MDB, two police sources told Reuters.
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