Business & Finance News
China’s sprawling services sector maintained a solid pace of expansion in January even though growth moderated slightly, a private survey showed on Sunday, offering continued support for the world’s second-largest economy as manufacturing cools.
General Motors Co said on Saturday it is negotiating “feasibility conditions” to invest 10 billion reais ($2.73 billion) in Brazil from 2020 to 2024, after having warned last month that new investments would depend on returning to profit.
Japanese carmaker Nissan is cancelling plans to make the next model of its X-Trail sports utility vehicle in Britain, less than two months before the country is due to leave the European Union, broadcaster Sky News said on Saturday.
Japanese carmaker Nissan will announce on Monday that it is cancelling plans announced in 2016 to manufacture a new model of its X-Trail compact SUV in Britain, broadcaster Sky News said on Saturday.
Mobile communications industry body GSMA has proposed a crisis meeting to discuss a plan to ban Huawei 5G equipment in the European Union amid mounting industry concerns that such a move could set operators back by years.
A federal appeals court asked pointed questions of the Federal Communication Commission on Friday in hearing a challenge to whether the Trump administration acted legally when it repealed landmark net neutrality rules governing internet providers in December 2017.
While the U.S. Federal Reserve’s indication it is done raising interest rates – for now – has fueled stock gains, investors worry the U.S. central bank’s pledge is a double-edged sword and implicit confirmation of the markets’ lingering anxiety about growth.
The Federal Reserve is doing the right thing by keeping interest rates on hold and should do so for months, not weeks, as it assesses downside risks, Dallas Federal Reserve Bank president Robert Kaplan said on Friday, adding that this has been his view since late last year.
The Federal Reserve’s decision Wednesday to scrap a promise for further rates hikes and be “patient” on further moves took financial markets and economists by surprise, but the signs were plain to see.
Ron Joyce, Canadian businessman and co-founder of coffee and donut chain Tim Horton’s has died at the age of 88, according to a statement from the Joyce Family Foundation.
Bombardier Inc faces financial penalties for the late delivery of three vehicles, a Toronto-area transportation agency said on Friday, as the Canadian maker of planes and trains comes under additional pressure for the performance of its largest division by revenue.
General Electric Aviation, a unit of General Electric Co, has been awarded a $517 million U.S. Army contract for the engineering and manufacturing development phase of the Improved Turbine Engine Program, the Pentagon said on Friday.
The board of Goldman Sachs Group Inc said on Friday it is withholding a bonus worth at least $7 million from former chief executive Lloyd Blankfein until investigations into the bank’s involvement in the 1MDB scandal are resolved.
Senator Amy Klobuchar, the top Democrat on the Senate Judiciary Committee’s antitrust panel, said on Friday that she had re-introduced two bills aimed at strengthening enforcement of U.S. antitrust law.
A U.S. agency that insures worker pensions sought permission on Friday to take over two underfunded Sears Holdings Corp pension plans, after objecting to Sears Chairman Eddie Lampert’s proposed $5.2 billion buyout of the bankrupt retailer.
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