Business & Finance News
German trade union Verdi called on workers at two Amazon logistic centers to strike on Monday, part of a long-running campaign for better pay and conditions.
Oil prices steadied on Monday after slipping by around 2 percent last week, but remained under pressure from oversupply and concern over the prospects for global economic growth and fuel demand.
Malaysia said on Monday it has filed criminal charges at home against Goldman Sachs and two of the U.S. bank’s former employees in connection with a corruption and money laundering probe at state fund 1MDB.
ABB will sell a majority stake in its Power Grids division to Japan’s Hitachi and return the proceeds to shareholders, bowing to pressure from an activist investor to sell the business that makes transformers and converters.
Canadian diplomats gained consular access on Sunday to the second of two men detained by China over the past week, Canada’s foreign ministry said in a statement that gave few details, as China said it was ensuring their rights were protected.
Malaysia said on Monday it has filed criminal charges against Goldman Sachs and two of the U.S. bank’s former employees in connection with a corruption and money laundering probe at state fund 1MDB.
Asian share markets ticked up on Monday as investors cautiously looked to whether key policy events in the United States and China could allay concerns about slowing global economic growth.
ABB will sell 80.1 percent of its Power Grids division to Japan’s Hitachi , the Swiss engineering group said on Monday, adding it would return net cash proceeds of $7.6-7.8 billion from the deal to shareholders.
ABB reached a deal with Japan’s Hitachi to sell its Power Grids division, with the Swiss engineering group adding it plans to return net cash proceeds of $7.6-7.8 billion from selling the 80.1 percent stake in the unit to shareholders.
The United States has welcomed Chinese concessions since the two declared a trade war truce in early December, but trade experts and people familiar with negotiations say Beijing needs to do far more to meet U.S. demands for long-term change in how China does business.
Work four days a week, but get paid for five?
National Australia Bank Ltd said on Monday its CEO will take about two months leave around the scheduled release of a major report into the country’s finance sector, prompting a rebuke from a shareholder group.
Japanese healthcare firm Taisho Pharmaceutical Holdings Co Ltd is said to be close to a $1.6 billion deal for Bristol-Myers Squibb Co’s French over-the-counter drugs business UPSA, Bloomberg reported on Sunday, citing sources familiar with the matter.
National Australia Bank Ltd said on Monday its CEO will take about two months leave around the scheduled release of a major report into the country’s finance sector, prompting a rebuke from a shareholder group.
Oil prices were largely steady on Monday after falling 2 percent in the previous session, but remained under pressure amid weaker growth in major economies and concerns about oversupply.
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