Business & Finance News
Britain’s government will continue granting contracts to Interserve Plc as the debt-laden British outsourcing company battles to avoid a Carillion-style collapse, the Financial Times reported on Tuesday.
The Trump administration is considering issuing a new travel advisory for China to caution American business executives and other citizens, following Canada’s arrest of the chief financial officer of China’s Huawei Technologies Co Ltd [HWT.UL] at the request of the U.S. government, two sources said on Tuesday.
A gauge of global stock markets rose in volatile trade on Tuesday following threats by U.S. President Donald Trump to shut down the government over a funding fight, though stocks in Europe advanced on signs of a thaw in the U.S.-China trade battle.
China has indicated it will cut tariffs on U.S.-made autos and car parts, a Trump administration official said on Tuesday, adding that Washington is still awaiting formal documentation of the reduction and details on timing of the move.
Brazil’s fourth-largest airline, Avianca Brasil, filed for bankruptcy protection on Monday, saying its operations had been threatened by potential repossession of aircraft, according to a legal document seen by Reuters.
McDonald’s Corp on Tuesday released guidelines for suppliers of beef in its top 10 sourcing countries to curb the use of antibiotics as the fast-food giant joins a broad effort to battle dangerous superbugs.
Canada confirmed on Tuesday that one of its citizens was detained in China but said it saw no explicit connection to the arrest in Vancouver of a top executive at Chinese telecoms giant Huawei Technologies Co [HWT.UL].
Vodafone’s purchase of Liberty Global’s assets in Germany and east Europe may damage competition in Germany and the Czech Republic, EU antitrust regulators said on Tuesday, as they opened a full-scale probe into the $21.8 billion deal.
The S&P 500 gave up most gains and Dow Industrials turned lower on Tuesday after President Donald Trump’s threat to shut down the government over funding for a border wall undid the boost to markets from optimism over China-U.S. trade talks.
A former Canadian diplomat has been detained in China, two sources said on Tuesday, just hours before a top executive at Chinese telecoms giant Huawei Technologies Co [HWT.UL] returned to a packed Vancouver courtroom for a bail hearing that has angered Beijing.
Google has “no plans” to relaunch a search engine in China though it is continuing to study the idea, Chief Executive Sundar Pichai told a U.S. congressional panel on Tuesday amid increased scrutiny of big tech firms.
White House officials told automakers following a U.S.-China trade call that the Trump administration believes China will cut tariffs on U.S. autos to 15 percent from the current 40 percent, an auto executive said on Tuesday after being briefed on the previous evening’s call.
The S&P 500 and the Dow Jones Industrial Average gave up all gains on Tuesday, reversing from a strong start on the back of progress in U.S.-China trade talks, as President Donald Trump threatened to shut down the federal government over funding for a wall along the U.S.-Mexico border.
Vodafone’s $21.8 billion purchase of Liberty Global’s assets in Germany and east Europe may hit competition in Germany and the Czech Republic, EU antitrust regulators said on Tuesday, as they opened a full-scale probe into the deal.
A gauge of global stock markets climbed on Tuesday as signs of a thaw in the U.S.-China trade battle helped investors overlook heightened uncertainty over Brexit and French protests, while oil prices rebounded from a selloff a day earlier.
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