Business & Finance News
Chinese conglomerate HNA Group [HNAIRC.UL] on Wednesday said it had sold a majority stake in a Manhattan building, the latest in a slew of asset disposals undertaken by the group to ease an intensifying cash crunch.
Chinese and U.S. teams ended trade talks in Beijing on Wednesday that lasted longer than expected and officials said details will be released soon, raising hopes an all-out trade war that could badly disrupt the global economy can be avoided.
Oil prices rose by around 1 percent on Wednesday, extending gains from the previous session on hopes that Washington and Beijing may soon resolve trade disputes that have cast a dark shadow over the global economy.
Oil prices rose by around 1 percent on Wednesday, extending gains from the previous session on hopes that Washington and Beijing may soon resolve trade disputes that have cast a dark shadow over the global economy.
Asian shares climbed to a 3-1/2-week high on Wednesday and European and U.S. markets looked set to follow on growing optimism that the United States and China were inching toward a trade deal that could lift a major threat to the global economy.
The Tokyo District Court has rejected a request by lawyers of Carlos Ghosn to end the detention of the ousted Nissan Motor Co Ltd chairman, who has been held since his Nov. 19 arrest on accusations of financial misconduct, Jiji Press reported on Wednesday.
Qualcomm Inc on Tuesday responded to comments Apple Inc Chief Executive Tim Cook made in an interview, in which he said there had been no recent settlement talks between the iPhone maker and chip supplier in their global legal battle, calling Cook’s remarks “misleading.”
China’s approval of imports of a DowDuPont Inc genetically modified soybean puts rival Bayer AG on the defensive, investors and analysts said, as U.S. farmers will have a new choice when planting their most valuable agricultural export.
The U.S. trade delegation in Beijing is “wrapping up” meetings with Chinese officials and will return to the United States later on Wednesday after a “good few days”, a U.S. official said.
Oil prices rose more than 1 percent on Wednesday, extending gains from the previous session on signs that Washington and Beijing may soon resolve a trade dispute that has cast a pall over the global economy.
Qualcomm Inc said on Tuesday Apple Inc Chief Executive Officer Tim Cook’s comment that there was no recent settlement discussions between the iPhone maker and the chipmaker were “misleading.”
Asian shares climbed to a 3-1/2-week high on Wednesday, supported by growing optimism that the United States and China can strike a trade deal to avoid an all-out confrontation that would severely disrupt the global economy.
Apple Inc is cutting its production plan for new iPhones by about 10 percent for the January-March quarter, the Nikkei Asian Review reported on Wednesday.
Oil prices rose on Wednesday, extending gains from the previous session on hopes that Washington and Beijing can resolve a trade dispute that has triggered a global economic slowdown.
California utility PG&E Corp is exploring filing some or all of its business for bankruptcy protection as it could face billions of dollars in potential liabilities if it is held responsible for fatal wildfires in 2018 and 2017, people familiar with the matter have told Reuters.
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