Business & Finance News
Shares of Sun Pharmaceutical Industries Ltd plunged 13 percent on Friday to near six-year lows, hit by reports that a whistleblower filed a complaint to regulators over transactions involving the top Indian drugmaker and its co-promotor.
Global stocks rose to their highest in more than a month on Friday after a report suggested progress towards resolving the trade dispute between the United States and China.
Renault expects to deliver sales growth in 2019, despite the imminent ouster of Chairman and Chief Executive Carlos Ghosn and tension with alliance partner Nissan .
French carmaker Renault posted a 3.2 percent increase in 2018 vehicle sales, boosted by a new Chinese joint venture, and pledged further “slight growth” this year amid rebounding demand in Russia and Latin America.
Bombardier is making progress resolving problems with double-decker passenger trains which have drawn criticism from buyer Swiss Federal Railways (SBB), the company’s Swiss country chief has told a local newspaper.
Major consumer companies including Unilever , Procter & Gamble and Nestle are chasing consumers who want food and household goods delivered automatically, even though this kind of business has not always worked.
Buoyed by the success of seismic imaging that found an extra billion barrels of oil in the Gulf of Mexico, BP is looking to take its latest technology to Angola and Brazil.
Arrested auto executive Carlos Ghosn improperly received 7.8 million euros ($9 million) in compensation from a joint venture (JV) between Nissan Motor Co and Mitsubishi Motors Corp , the companies said on Friday.
After tax cuts, rising incomes and buoyant stock markets set off a consumer boom in 2018, signs are emerging that the main engine of U.S. economic growth could sputter, and a record-long government shutdown further muddies the waters.
Asian stocks rose across the board on Friday as a report of progress in U.S.-China trade talks stirred hopes of a deal in their tariff dispute and supported risk sentiment.
Shares of India’s Sun Pharmaceutical Industries Ltd slumped over 13 percent on Friday to near six-year low, after a media report of a complaint by a whistleblower raised fresh concerns on the drugmaker’s corporate governance.
Arrested auto executive Carlos Ghosn improperly received 7.8 million euros ($9 million) in compensation from a joint venture between Nissan Motor Co and Mitsubishi Motors Corp , the companies said on Friday.
Asian stocks advanced on Friday as a report of progress in U.S.-China trade talks stirred hopes of a deal in their tariff dispute and supported risk sentiment.
MGM Resorts International has struck a deal with hedge fund Corvex Management’s founder, Keith Meister, to give him a board seat, one week after a rival activist investor was seen building a position in the casino operator.
Asian stocks gained early on Friday, as hopes for a thaw in the U.S.-China trade conflict fed investor appetites for risk assets.
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