Business & Finance News
Global stocks were sinking in a sea of red on Friday as the threat of a U.S. government shutdown and of further hikes in U.S. borrowing costs sent dismayed investors sailing for safer harbors.
India’s drugs regulator has ordered Johnson & Johnson to stop manufacturing its Baby Powder using raw materials in two of its Indian factories until test results prove they are free of asbestos, a senior official said on Thursday.
Tencent Holdings Ltd’s shares jumped by as much as 4.2 percent on Friday after a regulatory official said that some new games have been cleared for sale after a lengthy freeze in approvals.
Japanese prosecutors re-arrested Nissan Motor Co Ltd’s ousted chairman Carlos Ghosn on Friday on fresh allegations of making Nissan shoulder $16.6 million in personal investment losses, dashing chances he would be released on bail imminently.
Tencent Holdings Ltd’s shares jumped by as much as 4.2 percent on Friday after local Chinese media reports cited a regulatory official as saying that some gaming approvals had been completed after a lengthy freeze.
Japanese prosecutors re-arrested Nissan Motor Co’s ousted chairman Carlos Ghosn on fresh allegations of aggravated breach of trust on Friday, dashing chances he would soon be released on bail, media reported.
Global stocks were sailing into Christmas on a sea of red on Friday, as the threat of a U.S. government shutdown and of further hikes in U.S. borrowing costs inflamed investor unease over the economic outlook.
Japanese prosecutors have re-arrested Nissan Motor Co’s ousted chairman Carlos Ghosn for aggravated breach of trust, which means he could be detained for another 10 days, media reported on Friday.
A trade secrets lawsuit brought by Canada’s Bombardier Inc against the aircraft unit of Mitsubishi Heavy Industries Ltd should be dismissed because the allegations are baseless and designed to “disrupt development” of a rival jet, a spokesman for the Japanese company said on Thursday.
The dollar hovered near a one-month low against its peers on Friday, weighed down by a subdued outlook toward U.S. interest rates and the economy, while risk aversion in the broader markets boosted the yen.
Apple Inc on Thursday changed how it reports on U.S. national security requests for user data, bringing its procedures more in line with those of technology rivals such as Microsoft Corp and Alphabet Inc’s Google.
U.S. game software firm Zynga Inc said on Thursday it would buy a majority stake in Finland’s Small Giant Games, maker of the popular Android game Empires & Puzzles, for about $700 million, in a move to strengthen its mobile game portfolio.
Global stocks were sailing into Christmas on a sea of red on Friday as the threat of a U.S. government shutdown and of further hikes in U.S. borrowing costs inflamed investor unease over the economic outlook.
Asia Pacific M&A volumes clocked their second-highest level on record this year and dealmakers are optimistic the momentum will persist into 2019, with inbound deals into China emerging as a strong theme amid political and macroeconomic headwinds.
Dealmakers celebrating their third-strongest year on record are fretting 2019 will herald a steep drop in mergers and acquisitions worldwide, as market jitters and economic uncertainty take their toll.
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