Business & Finance News
Japan’s Mitsubishi UFJ Financial Group will no longer provide financing for new coal-fired power generation projects after July 1, it said on Wednesday in a revised environmental and social policy framework.
European stocks rose half a percent to the day’s highs on Thursday, erasing earlier losses, while the euro gained in volatile trade as the threat of auto tariffs were pushed back.
Walmart Inc said on Thursday that prices for shoppers will go up due to higher tariffs on imports from China as it reported overall revenue and online sales growth slowed in the first quarter.
U.S. stock index futures rose on Thursday, as upbeat earnings from Cisco and Walmart overshadowed concerns over strained trade ties between the United States and China after Washington blacklisted telecom equipment giant Huawei.
The new chief executive of Britain’s BT Group said he would award each employee 500 pounds ($641) worth of shares, at a total cost of 50 million pounds, to create a more engaged workforce and improve customer service levels at the telecoms giant.
U.S. retailer Walmart Inc on Thursday reported an estimate-beating jump in first-quarter U.S. comparable sales, but overall revenue growth and online sales slowed.
Austrian prosecutors believe there is little basis for their fraud investigation into the Eurofighter consortium’s $2 billion deal in 2003 to sell jets to the Austrian government, two media reported on Thursday, citing an internal report.
Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros ($1.2 billion) by the European Union on Thursday for rigging the multi-trillion dollar foreign exchange market.
The latest U.S. broadside against Huawei that puts the Chinese firm on an exports blacklist threatens to rattle the global tech supply chain, linked closely to the $105 billion business of the world’s top supplier of telecoms network equipment.
The head of Europe’s Airbus said it was too early to talk about acquiring a Belfast factory placed on sale by Canada’s Bombardier .
Oil prices rose on Thursday for a third day running as fears of supply disruption amid heightened tensions in the Middle East overshadowed swelling U.S. crude inventories.
Airbus Chief Executive Guillaume Faury warned on Thursday any further escalation of trade tensions would damage aerospace firms globally, including the European planemaker’s U.S. rival Boeing.
EU antitrust regulators on Thursday fined Barclays, Citigroup, JPMorgan, MUFG and Royal Bank of Scotland a total of 1.07 billion euros ($1.2 billion) for rigging the spot foreign exchange market for 11 currencies.
Nissan Motor Co Ltd said on Thursday it would, for now, stick to self-driving technology which uses radar sensors and cameras, avoiding lidar or light-based sensors because of their high cost and limited capabilities.
Nestle has entered exclusive talks to sell its skin health business to a consortium led by EQT Partners for 10.2 billion Swiss francs ($10.12 billion), as the food group shifts its portfolio in response to changing consumer demands.
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