Business & Finance News
The U.S. Treasury said on Wednesday it was extending by four months the deadline for investors to divest from Russian automaker GAZ, a company linked to Russian tycoon Oleg Deripaska that Washington sanctioned over Russia’s “malign activity.”
Airline chiefs from the top five operators in Europe on Wednesday were asked a simple question: If they could trade places with one of their rivals for a week, who would they choose?
The U.S. goods trade deficit surged to a record high in 2018 as strong domestic demand fueled by lower taxes pulled in imports, despite the Trump administration’s “America First” policies, including tariffs, aimed at shrinking the trade gap.
A Canadian judge set Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou’s next court date for May 8, as she appeared in court on Wednesday.
Wall Street’s three main indexes were on track to record their third session of losses as healthcare stocks fell and investors booked profits after a stellar run in equities this year.
The head of Dutch airline KLM sought on Wednesday to ease a Franco-Dutch row over share purchases in parent group Air France-KLM by the Dutch government – as low-cost airline chief Michael O’Leary gleefully stoked the embers of the dispute.
(Editor’s note: paragraph 2 contains language that readers may find offensive)
The surprise arrest of Huawei’s chief financial officer in December quickly turned the executive, Meng Wanzhou, into a central figure in a trade war between two economic superpowers.
Ousted Renault-Nissan boss Carlos Ghosn has been very affected by the 107 days he spent in a Tokyo prison, his French lawyer Francois Zimeray said on RTL radio station on Wednesday.
Bristol-Myers Squibb defended its planned $74 billion takeover of Celgene Corp, saying it had carried out a “robust” assessment of the merger after two major investors opposed what could be the largest pharmaceutical deal ever.
Trade negotiations between the United States and China are progressing well via video conference, a senior official at the U.S. Department of Agriculture said on Wednesday.
A gauge of global stocks sputtered for a third straight session, unable to build on a surge in Chinese shares, while the Canadian dollar weakened after dovish commentary from the Bank of Canada.
Dollar Tree Inc announced plans to close hundreds more Family Dollar stores on Wednesday as it wrote off $2.7 billion, or nearly a third of the value of the struggling discount chain it bought for $9 billion four years ago.
U.S. stocks fell on Wednesday as investors stayed on the sidelines following a strong rally this year, awaiting fresh developments on trade.
Abercrombie & Fitch’s shares surged 20 percent after the apparel retailer forecast better-than-expected annual sales on Wednesday, betting on its remodeled stores and the popularity of its Hollister brand to attract more young shoppers.
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