Business & Finance News
German Chancellor Angela Merkel said on Tuesday Germany needs guarantees that China’s Huawei Technologies will not hand over data to the Chinese state before the telecoms equipment supplier can participate in building its 5G network.
Many U.S. companies that gorged on cheap debt with forgiving terms over the last decade now find themselves shackled by it, spending much of their earnings paying off lenders rather than investing in their businesses or hiring.
Asian stocks extended gains on Tuesday as overnight strength on Wall Street and the Federal Reserve’s cautious turn underpinned appetite for riskier assets, while the dollar held firm on last week’s upbeat U.S. data.
Shares of Panasonic Corp fell more than 6 percent on Tuesday after the Japanese electronics company reported disappointing quarterly results and cut its full-year outlook.
Asian stocks extended their gains on Tuesday as overnight strength on Wall Street and the Federal Reserve’s dovish turn underpinned risk appetite, while the dollar held firm on last week’s upbeat U.S. data.
The Trump administration has notified World Bank shareholders that President Donald Trump intends to pick senior Treasury Department official David Malpass as the U.S. nominee to lead the development lender, people familiar with the decision said on Monday.
Negotiating new World Trade Organization rules to try to rein in China’s “mercantalist” trade practices would be largely a futile exercise, the Trump administration’s trade office said on Monday, vowing to pursue its unilateral approach to protect U.S. workers, farmers and businesses.
Boeing Co is pushing to speed up assembly of its best-selling 737 jetliner the first week in June, two people familiar with the plan said on Monday, as it tries to keep up with soaring global demand and its European rival.
Recent U.S. data and the Federal Reserve’s dovish turn kept lifting Asian stocks early on Tuesday, while the dollar held the upper hand against its rivals.
Australia and New Zealand Banking Group and the local units of Citigroup and Deutsche Bank cannot properly respond to criminal cartel charges because they are still waiting for the prosecutor to detail its full case, a barrister for Citi told a packed Sydney courtroom on Tuesday.
About C$180 million ($137.21 million) in cryptocurrencies have been frozen in the user accounts of Canadian digital platform Quadriga after the founder, the only person with the password to gain access, died suddenly in December.
General Electric Co said on Monday it expects to close the merger of its transportation business with Wabtec Corp on Feb. 25 and set a record date for distribution of shares.
Johnson & Johnson’s DePuy Orthopaedics unit is in settlement talks to resolve the bulk of individual lawsuits alleging the company’s metal-on-metal Pinnacle hip implants were defective and caused severe injuries, a lawyer for the plaintiffs said on Monday.
Boeing Co is pushing to speed up assembly of its best-selling 737 jetliner in early summer, two people familiar with the plan said on Monday, as it tries to keep up with soaring global demand and its European rival.
Alphabet Inc reported sharply higher fourth-quarter spending on video content, employees and facilities, worrying investors who sent the tech company’s shares down about 3 percent after hours on Monday.
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