Business & Finance News
Around $150 millions’ worth of oil was stolen from Shell’s biggest global refinery over several years, Singapore court documents reviewed by Reuters show, far more than reported when police first revealed the heist earlier this year.
China’s trade war with the United States is spurring some Chinese entrepreneurs, government advisers and think-tanks to call for faster reforms in the world’s second-largest economy and the freeing of a private sector stifled by state controls.
Deutsche Telekom, Europe’s largest telecoms company, said late on Thursday it was reviewing its network vendor strategy in light of a debate on the security of Chinese network equipment that it was taking “very seriously”.
Apple Inc, facing a court ban in China on some of its iPhone models over alleged infringement of Qualcomm Inc patents, said on Friday it will push software updates to users in a bid to resolve potential issues.
Nissan Motor Co’s board is unlikely to select a chairman to succeed Carlos Ghosn as had been expected on Dec. 17 after a panel tasked to choose a candidate did not agree on a nominee in a meeting held Thursday, a source said.
Apple Inc, facing a court ban in China on some of its iPhone models over alleged infringement of Qualcomm Inc patents, said on Friday it will push software updates to users in a bid to resolve potential issues.
Asian shares tumbled on Friday after China reported a set of weak data, fanning fresh worries of a sharp slowdown in the world’s second-biggest economy and leaving investors fretting over the wider impact of a yet unresolved Sino-U.S. trade dispute.
Japanese business confidence and capital expenditure plans held steady from three months ago, a closely-watched central bank survey showed, a sign companies weren’t significantly worried about escalating trade frictions and global growth concerns.
Confidence among Japan’s big firms remained unchanged from three months ago, a closely-watched central bank survey showed, but sentiment on the outlook soured for the first time in three quarters as trade frictions and global growth concerns hurt the business mood.
Nissan Motor Co’s board may fail to select a chairman to succeed Carlos Ghosn as had been planned on Dec. 17 after a panel tasked to choose a candidate was unable to agree on a nominee in a meeting held Thursday, the Nikkei reported.
Target Corp , Walmart Inc and toy importer LaRose Industries were sued on Thursday over the sale of lead-contaminated children’s toys, New York Attorney General Barbara Underwood said.
Asian shares were on the defensive on Friday as investors kept a wary eye on economic tensions between Washington and Beijing while the euro was steady after the European Central Bank halted new bond purchases as expected.
The risk of a U.S. recession in the next two years has risen to 40 percent, according to a Reuters poll of economists who also found a significant shift in expectations toward fewer Federal Reserve interest rate rises next year.
Costco Wholesale Corp’s gross margins fell in the first quarter, as the warehouse operator paid higher wages, ramped up investments in its online business and cut prices amid intense competition in the grocery industry.
PG&E Corp said on Thursday it had requested California’s top utilities regulator for a 12 percent rate hike in 2020 to fund its community wildfire safety program, insurance liabilities, and core gas and electric operations.
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