Business & Finance News
Hong Kong-based activist fund Argyle Street Management asked Japan’s Toshiba Corp on Thursday to exit more non-core businesses such as office machinery company Toshiba TEC to bolster margins of the once-mighty conglomerate.
President Donald Trump is considering an executive order in the new year to declare a national emergency that would bar U.S. companies from using telecommunications equipment made by China’s Huawei and ZTE, three sources familiar with the situation told Reuters.
Venezuela cocoa trader Freddy Galindo has battled highway robberies, kidnappings of family members and declining quality in his 19 years exporting the nation’s legendary beans.
China has proposed a ban on forced technology transfer and illegal government “interference” in foreign business operations, practices that have come under the spotlight in a trade dispute with the United States.
The U.S. Department of Commerce’s Bureau of Economic Analysis and Census Bureau will not publish economic data during the ongoing partial government shutdown, the Wall Street Journal reported on Wednesday, citing an agency spokeswoman.
The U.S. Department of Commerce’s Bureau of Economic Analysis and Census Bureau will not publish economic data during the ongoing partial government shutdown, the Wall Street Journal reported on Wednesday, citing an agency spokeswoman.
Asian shares on Thursday rode a dramatic surge on Wall Street as markets, hammered by a recent drum roll of deepening political and economic gloom, cheered upbeat U.S. data and the Trump administration’s effort to shore up investor confidence.
Chinese state oil major Sinopec has suspended two senior officials at its trading arm Unipec after the company suffered losses, sources with knowledge of the matter said on Thursday.
Oil fell on Thursday after soaring 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support.
Asian shares on Thursday latched on to a dramatic surge on Wall Street as markets, battered by a recent drum roll of deepening political and economic gloom, cheered upbeat U.S. data and the Trump administration’s effort to shore up investor confidence.
U.S. oil prices on Thursday extended their sharp climb from the session before amid rising stock markets, but worries over a glut in crude supply and concerns over a faltering global economy kept a lid on gains.
One notable factor in Wall Street’s monster rally on Wednesday was a record gain in an index of stocks that have the largest bets placed against them by market contrarians.
It’s a rite of spring in Japan: Major corporations hire fresh university graduates en masse every April, starting them all at the same salary with assurances of rising pay and lifetime employment.
The U.S. Defense Department said on Wednesday it had awarded contracts for submarine maintenance and modernization to General Dynamics Corp for $1.1 billion, to Huntington Ingalls Industries Inc for $874 million and to Oceaneering International Inc for $828 million.
The former chief executive of Insys Therapeutics Inc has agreed to plead guilty to participating in a scheme to bribe doctors to prescribe a powerful opioid medication sold by the company, U.S. prosecutors said on Wednesday.
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