Business & Finance News
Asian shares and the pound moved higher on Thursday as investors breathed a sigh of relief after British Prime Minister Theresa May survived a no-confidence vote, and as China appeared to be taking more steps to meet U.S. demands to open its markets.
Nissan Motor Co’s ex-chairman Carlos Ghosn and his representatives still have no right to access a contested Rio de Janeiro apartment, the automaker said, after a fresh legal document showed a Brazilian court decision to grant access.
A top U.S. Justice Department official pushed back on Wednesday against President Donald Trump’s comment that he might intervene in a legal case involving an executive from the Chinese telecommunications firm Huawei Technologies Co [HWT.UL] if it would help secure a trade deal.
Canada should distance itself from U.S. “hegemonism” and grant unconditional freedom to Meng Wanzhou, a Chinese executive detained in Vancouver on Washington’s request, the state-owned tabloid Global Times said in a Thursday editorial.
The U.S. International Trade Commission (ITC) said on Wednesday it would review a ruling that a ban on imports of some iPhones into the United States was not in the public interest, even if Apple Inc infringed a Qualcomm patent.
A Democratic U.S. senator said on Wednesday he found “very disturbing” a comment by President Donald Trump that he might get involved in the case of Meng Wanzhou, the chief financial officer of the Chinese telecommunications firm Huawei Technologies Co [HWT.UL].
Canadian Foreign Minister Chrystia Freeland on Wednesday warned the United States not to politicize extradition cases, a day after President Donald Trump said he could intervene in the affair of a Chinese executive detained in Canada at Washington’s request.
China’s port city of Zhoushan is planning to challenge Singapore’s dominance of the multi-billion dollar shipping fuel industry, relying on proximity to some of the world’s biggest ports and Beijing’s support to give it an edge.
With many rival airlines scaling back plans to add travel routes and seats in a bid to protect margins, Oscar Munoz is taking United Airlines in a different direction.
Nissan Motor Co Ltd plans to boost the number of external board members and set up a committee to oversee compensation as part of its effort to improve governance following the arrest of former Chairman Carlos Ghosn for financial misconduct, a source said.
U.S. stocks closed up on Wednesday afternoon, though well below their session highs as investors pulled back in the last few minutes of trading despite optimism about U.S.-China trade relations and some reassuring signs in British politics.
Cryptocurrency startup AriseBank will pay $2.3 million to the U.S. Securities Exchange Commission (SEC) to settle accusations of defrauding investors through claims such as building a cryptocurrency bank.
Under Armour Inc on Wednesday forecast 2019 revenue growth and profit below analysts’ estimates, citing relatively flat sales in North America, sending its shares down as much as 11 percent.
A gauge of global stock markets rallied along with U.S. Treasury yields on Wednesday as optimism abounded for a trade thaw between the United States and China while sterling bounced on indications UK Prime Minister Theresa May would survive a no-confidence vote.
Shares of China-based music streaming company Tencent Music Entertainment Group rose in their U.S. debut on Wednesday, as investors shrugged off volatile markets to grab a piece of the fast-growing music streaming industry.
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